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Middle East and Africa Nuclear Imaging Market Analysis

The Middle East and Africa Nuclear Imaging Market size is estimated at USD 292.72 million in 2024, and is expected to reach USD 332.80 million by 2029, growing at a CAGR of 2.60% during the forecast period (2024-2029).

The COVID-19 pandemic influenced the market studied as hospital and healthcare services were drastically curtailed due to social distancing measures implemented by the Middle East and African governments. Furthermore, COVID-19 significantly impacted the worldwide economy and the operation of general hospital treatment for non-COVID-19 patients in hospitals around the region. According to the study published in the Seminar in Nuclear Medicine in June 2022, oncological PET studies exhibited a lower reduction in utilization among nuclear medicine procedures than standard nuclear medicine tests. The supply lines of radioisotopes, generators, and other vital commodities gradually returned to pre-COVID-19 levels. Overall, pandemic-related issues led to a considerable drop in nuclear medicine diagnostic and therapeutic procedures in the Middle East in 2020 and, thus, impacted the growth of the market. However, since the restrictions were lifted, the industry has been recovering well. Over the last few years, market recovery has been led by the high prevalence of diseases, demand for nuclear imaging diagnosis, and new product launches.

The rise in the prevalence of cancer and cardiac ailments is one of the primary drivers of market growth. Nuclear medicine is hugely capable of treating cancer and cardiac diseases. The cancer burden is increasing owing to factors such as the aging population, poor diet, smoking, and physical inactivity. Since the advent of contemporary technology, nuclear medicine imaging has considerably aided in the diagnosis, planning of treatment, and assessment of treatment response in cancer patients, which is expected to drive its demand over the forecast period. According to GLOBOCAN 2020, an estimated 28,704 new cancer cases were reported in Israel, and 27,885 new cancer cases were reported in Saudi Arabia. With the rising incidence of cancer, the magnetic resonance imaging market in the Middle East and African region is estimated to witness healthy growth during the forecast period. Nuclear medicine plays an important role in the diagnosis and management of patients with several diseases, which is a key growth factor for the market studied.

Moreover, the adoption of key strategies by market players, such as collaborations and partnerships, is also expected to drive the growth of the market. For instance, in July 2022, the US National Nuclear Security Administration provided grants totaling USD 1.5 million to support an expansion in medical staff and the construction of facilities and equipment in Sub-Saharan Africa. Owing to the factors mentioned above, the African nuclear imaging market is anticipated to witness growth over the forecast period. However, regulatory issues and a lack of reimbursement can restrain the growth of the market.

Middle East and Africa Nuclear Imaging Market Trends

This section covers the major market trends shaping the Middle East Nuclear Imaging Market according to our research experts:

Oncology Segment is Expected to Grow at a Higher CAGR During the Forecast Period

Middle East and Africa Nuclear Imaging Industry Segmentation

Nuclear medicine imaging procedures are non-invasive, except for intravenous injections, and are usually painless medical tests that help physicians diagnose and evaluate medical conditions. These imaging scans use radioactive materials called radiopharmaceuticals or radiotracers, which are used in diagnosis and therapeutics. These small substances contain a radioactive substance used to treat cancer and cardiac and neurological disorders. 

The Middle East and African nuclear imaging market is segmented by Product (Equipment, Radioisotope), Application (SPECT Applications (Cardiology, Neurology, Thyroid, Other SPECT Applications), PET Applications (Cardiology, Neurology, Oncology, Other PET Applications)), and Geography (GCC, South Africa, Rest of Middle East and Africa). The report offers the value in USD million for the above segments.