(PharmaNewsWire.Com, July 12, 2017 ) The Middle-East & Africa Nuclear Medicine Diagnostic Market is estimated at $1.03 billion in 2015 and is expected to reach $2.73 billion by 2020, at a compound annual growth rate (CAGR) of 21.45%.Nuclear medicine is a branch of medicine that uses radiation to deliver information about the functioning of a person's specific organs or to treat a disease. In most cases, the information will assist the physicians to make a quick, accurate diagnosis of the patient's illness.
Till recent days, SPECT imaging was the most conventional modality for nuclear medicine applications. However, the trend is soon going to see a downside owing to shortage of molybdenum-99 isotope which in turn will lead to deficiency of Technetium-99. Therefore, PET imaging products which include hybrid PET-CT scanners are expected to account for a potentially hefty market share in the near future.
The emerging market will be a fusion of nuclear imaging with different diagnostic imaging products such as SPECT/CT, PET/CT and MRI/PET. This provides full range of imaging scans through the same unit and at the same time. PET market is expected to witness faster growth compared to SPECT imaging as it delivers higher resolution images and the lack of availability of technetium-99m is forcing the industry to look for alternative diagnostic procedures
Increasing usage of SPECT and PET in medical diagnostics, rising awareness among people about radiopharmaceuticals, and the easy availability of radiopharmaceuticals are some of the key driving factors associated with the growth of the market. However, shorter half- life of radioisotopes, regulatory guidelines, high capital investment and reimbursement issues are the major factors acting as hurdles for the nuclear medicine market growth.
The Nuclear Medicine Market is segmented into two major segments SPECT (Technetium-99m (TC-99m), Iodine (I-123) Thallium-201 (TL-201) and others) and PET (Rubidium-82 (RB-82), Fluorine-18, and others). By application,the market is categorized into SPECT (lymphoma, cardiology,neurology,thyroid and others) and PET(cardiology,oncology, neurology and others).
Furthermore, on the basis of geography, the Middle-East & Africa Market is analysed under various regions namely, UAE, Saudi Arabia, Israel and South Africa.
Some of the key players influencing the Middle-East & Africa nuclear medicine market are Cardinal Health, Inc., Bracco Imaging S.p.A,GE Healthcare,Eczacibasi-Monrol Nuclear Products, Nordion, Inc., Bayer Healthcare, Lantheus Medical Imaging, Inc.,Advanced Accelerator Applications S.A., IBA Molecular Imaging, and Mallinckrodt plc. Buy now: https://www.marketdataforecast.com/cart/buy-now/middle-east-and-africa-nuclear-medicine-diagnostics-market-128
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