The top drawer players operating in the technetium-99m market in the Middle East and Africa are striving to diversify their approach in terms of technological development, states Transparency Market Research (TMR) in a research report. They are further focusing on expanding their distribution channels and magnify their regional presence as well. Most of the vendors in this particular avenue are focusing on presenting consumers with a technologically diverse product portfolio in order to retain a strong foothold in the market. The foremost companies operating in the Middle East and Africa technetium-99m market are General Electric Company, Siemens Healthineers, Sumitomo Heavy Industries, Ltd., Advanced Cyclotron Systems, Inc., and IBA.
According to a TMR researcher, “The technetium-99m market in the Middles East and Africa is likely to be pegged at a valuation of US$636.1 mn by the end of 2026 from a valuation of US$273.3 mn in 2015. The Middle East and Africa technetium-99m market is projected to expand at an 8.1% CAGR from 2016 to 2026.”
Gamma Camera to be Leading Isotopic Application
Gamma camera also referred to as scintillation camera and is an essential device used in the making nuclear medicine for detailed diagnoses of vital human body organs such as thyroid glands, heart, and lungs. Gamma camera functions on the principle of spotting gamma rays emitted by the radioisotope when it is introduced in the human body as a tracer. Radioactive compounds that are administered in the human body reflect the function of the body or are directed to any other body part. Gamma camera concocts a doppelgänger of the damaged part of the organ, which further helps in administering the appropriate and required treatment. Gamma camera is projected to hold a share of 54.5% in 2026. Single-photon emission computed tomography is expected to give a close fight to the gamma camera segment over the forecast period.
Country-wise, Egypt led the market in 2016 and is further expected to retain a strong foothold in the Middle East and Africa technetium-99m market by the end of 2026 with a valuation of US$110.1 mn in the same year. Growing research and development activities for raising the diagnostic standards in the country is anticipated to errand the technetium-99m market growth over the forecast period.
Growing Prevalence Dangerous Diseases to Augment Market Growth
Occurrence of chronic and non-communicable diseases such as cardiac disease and cancer has amplified extensively, opposite to communicable diseases in developing countries, and is primarily driven by increasing life expectancy, changes in lifestyle, and growing aged population. These factors are expected to result in increased demand for medical devices and diagnostic equipment in the near future, thus increasing need for imaging procedures, and ultimately driving demand for technetium-99m. The governments of the countries in the Middle East and Africa are doing substantial investment in order to develop the healthcare sector. They are mostly paying attention on opening more specialized care centers and growing the number of medical and research institutes. Likewise, there has been an increase the total healthcare expenditures per capita in some countries.
Adoption of Substitute Imaging Modalities to Restrain Progress
With reference to the past and the probable future shortage of technetium-99m, it has been expected that there can be a shift from SPECT to PET or other alternate imaging modalities in the future. Although, SPECT–CT at present has better accessibility, inferior cost, and has a wider range of approved radiotracers, but the adoption of PET-CT is increasing gradually in many parts of the MEA compelled by technical preeminence comprising superior speed, resolution, and quantitative capability.
This review of the market is based on a recent market research report published by Transparency Market Research, titled, “Technetium-99m Market - (Isotopic Application - Gamma Camera and Single Photon Emission Computed Tomography (SPECT); End-user - Hospitals and Diagnostic Centers) - MEA Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2026.”
MEA Technetium-99m Market, by Isotopic Segment
- Gamma Camera
MEA Technetium-99m Market, by End-user
- Diagnostic Centers
MEA Technetium-99m Market, by Geography
- Saudi Arabia
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453