MEA Radiopharmaceuticals Market

MEA Radiopharmaceuticals Market Size 

In 2024,the Middle East & Africa Radiopharmaceuticals market was valued at USD 2.36 billion and it is expected to reach USD 13.57 billion by 2033 from USD 2.87 billion in 2025, growing at a CAGR of 21.45 % during the forecast period.

MARKET DRIVERS

The rising prevalence of cancer is majorly driving the Radiopharmaceuticals market in MEA. Also, the proliferation of chronic disorders such as cardiovascular diseases is boosting the market growth.

Furthermore, an increase in the prevalence of increasing population with the rise in the growing elderly population is significantly contributing to the various chronic diseases such as cancer, diabetes, cardiovascular diseases, and many more among the people in this region; however, the UAE accounts for 40 percent of deaths in cardiovascular diseases which is mainly due to increase in risk factors such as abdominal obesity, unhealthy lifestyle, physical inactivity, alcohol are the major causes that are driving the market for the Radiopharmaceuticals.

On the other hand, an increase in the advancements of the technology for developing and improving the treatment and medication procedures for treating the diseases and introducing new improved and efficient products in the market is expected to fuel the market growth. In addition, other factors such as raising awareness among the people about pre-diagnosing the diseases and the availability of the treatment in the market, and growing demand for Radiopharmaceuticals are expected to accelerate the market growth.Furthermore, the increasing initiative and investment from government and non-government firms for research activities for developing new innovative techniques are the other factors expected to provide lucrative growth opportunities to the market growth.

However, the costs of equipment used for diagnostic and treating procedures are growing, restricting the market growth of Radiopharmaceuticals. In addition, the lack of skilled and trained individuals for performing diagnostic procedures and operating the equipment are the other factors that hamper the growth of the Radiopharmaceuticals market in this region. In furthermore, the approval process for nuclear treatments is lengthy and complicated. Additionally, strict government restrictions make product entrance more complex, limiting the expansion of the Radiopharmaceuticals industry. Besides that, poor reimbursement policies further hinder the market's growth.

REPORT COVERAGE

SEGMENTAL ANALYSIS

COUNTRY LEVEL ANALYSIS

The middle east Radiopharmaceuticals market is expected to grow at a promising rate due to the increasing occurrence of Cancer and Cardiovascular Diseases in the region. Also, improving the healthcare sector, increasing healthcare spending, and supportive government policies propel the market growth.

South Africa held the largest share of the medicine market, and it is anticipated to record a significant share during the forecast period. In addition, Africa has seen a spike in cancer as Radiopharmaceuticals is very effective in treating cancer and cardiovascular diseases. Thus, there is a high focus on research and development, resulting in new product introductions in the market.

Similarly, the UAE is more likely to witness a promising share during the forecast period due to government policies, technological advancements, and increasing research and development activities. However, the UAE has also experienced increased cancer patients in recent years, which has triggered the Radiopharmaceuticals market growth.

On the other hand, Saudi Arabia is projected to record a considerable share in the market as the country witnessed a significant increase in cardiovascular disease patients in recent years. In addition, the government has also been focusing on research and development of new nuclear drugs, contributing to market growth.

KEY MARKET PLAYERS

Companies playing a leading role in the MEA Radiopharmaceuticals 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.

MARKET SEGMENTATION

This research report on the mea radiopharmaceuticals market has been segmented and sub-segmented into the following categories.

By Type

• SPECT

• PET

 By Application

• Cardiology

• Lymphoma
• Thyroid
• Neurology
• Oncology
• others

By Country

• KSA

• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA