Nuclear imaging is a type of medical imaging that uses trace amounts of radioactive materials, commonly known as radiotracers or radiopharmaceuticals, to diagnose and treat a variety of medical conditions. Unlike typical imaging techniques like MRIs and X-rays, which are primarily used to visualize anatomical structures, nuclear imaging focuses on the physiological processes that occur within the body. By observing the functions of organs and tissues as well as metabolic processes, this method provides medical professionals with a critical new perspective on diseases such as cancer, heart disease, and neurological problems. Typical nuclear imaging technologies include positron emission tomography (PET) scans, gamma camera imaging, and single-photon emission computed tomography (SPECT).
According to SPER market research, ‘Middle East and Africa Nuclear Imaging Market Size- By Product, By Application – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the MEA Nuclear Imaging Market is predicted to reach USD 372.97 million by 2033 with a CAGR of 2.89%.
Drivers:
A primary driver of the market’s growth is the increasing prevalence of cancer and cardiac ailments. Nuclear medicine is an excellent treatment for cancer and cardiovascular diseases. The incidence of cancer is rising due to a multitude of factors, such as an aging population, poor food, smoking, and physical inactivity. Since the advent of current technology, nuclear medicine imaging has greatly benefited in the diagnosis, planning, and assessment of treatment response for cancer patients. Over the projected period, this is expected to drive demand for nuclear medicine imaging.
Challenges:
The equipment and services related to nuclear imaging are highly costly. The Middle East and Africa Nuclear Imaging Market is facing challenges from the high cost of nuclear imaging services and equipment when employed in the medical field. A great deal of developing nations are unable to pay the high costs of various imaging devices, such as CT scans, MRIs, and ultrasound machines. The substantial expenses that market participants bear for the maintenance of these complex systems are added to the total costs. This indicates that the market cannot expand due to the high cost of acquiring and maintaining such equipment, which poses challenges for both industry players and developing countries.
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Impact of COVID-19 on Middle East and Africa Nuclear Imaging Market
The COVID-19 pandemic had a negative impact on the Nuclear Imaging Market because the governments in the area imposed social distancing measures, which led to a sharp decline in hospitals and other healthcare services. This not only had significant global economic ramifications but also hampered the normal operation of routine hospital care for patients who were not COVID-19 patients. Despite these challenges, a June 2022 Seminar in Nuclear Medicine report indicated that, in comparison to regular nuclear medicine testing, oncological PET investigations exhibited a relatively reduced decline in utilization. Due to supply chain problems, the pandemic significantly reduced the number of nuclear medicine treatments performed in the Middle East in 2020.
Middle East and Africa Nuclear Imaging Market Key Players:
Additionally, some of the market key players are Curium, Fujifilm Corporation, GE Healthcare, Koninklijke Philips NV, Mediso Ltd, NTP Radioisotopes SOC Ltd, Siemens AG.
Middle East and Africa Nuclear Imaging Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product: Based on the Product, Middle East and Africa Nuclear Imaging Market is segmented as; Equipment, Radioisotope.
By Application: Based on the Application, Middle East and Africa Nuclear Imaging Market is segmented as; SPECT Applications, PET Applications.
By Region: This research also includes data for GCC, South Africa, Rest of Middle East and Africa
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
For More Information, refer to below link:-
Middle East and Africa Nuclear Imaging Market Revenue
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