UAE Nuclear Imaging Equipment Market to grow with a CAGR of 5.12%
Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the UAE Nuclear Imaging Equipment Market.
According to TechSci Research report, “UAE
Nuclear Imaging Equipment
Market Industry Size, Share,
Trends, Competition, Opportunity and Forecast, 2018-2028”, UAE Nuclear Imaging Equipment Market
has valued at USD 33.12 million in 2022 and is anticipated to witness an
impressive growth in the forecast period with a CAGR of 5.12% through 2028.
This can be due to collaborations
and partnerships among leading companies with a diverse approach to merge the
expertise of individual companies and to strengthen their position.
The growing aging population is a
significant driver of the demand for Nuclear Imaging Equipment. Aging is often
associated with the development of chronic diseases such as cancer, Alzheimer's
disease, and cardiovascular disorders. Nuclear imaging enables early detection,
precise diagnosis, and effective management of these chronic conditions,
leading to a higher demand for such diagnostic technologies. The aging
population is more prone to cardiovascular diseases, and nuclear imaging,
particularly techniques like myocardial perfusion imaging (MPI), is valuable
for assessing cardiac health. The demand for cardiovascular imaging increases
as the population ages.
Nuclear imaging, such as positron
emission tomography (PET) and single-photon emission computed tomography
(SPECT), is crucial for the early detection and monitoring of neurological
disorders prevalent in older individuals, including Alzheimer's disease and
Parkinson's disease. The risk of cancer increases with age, and nuclear imaging
is widely used for cancer screening, staging, and treatment monitoring. As the
aging population grows, there is a higher demand for nuclear imaging equipment
to support comprehensive cancer care.
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In February 2023, United
Imaging, a global leader in cutting-edge medical imaging and radiotherapy
equipment, participated as a Platinum partner in Arab Health 2023. At this
annual event, a significant collaboration was solidified between United Imaging
and I-ONE Nuclear Medicine & Oncology Center through the signing of a
Memorandum of Understanding (MOU). This agreement marks the inception of a partnership
aimed at advancing research on the first PET/MR uPMR 790 in the Gulf countries.
I-ONE Nuclear Medicine & Oncology Center, recognized as the inaugural
research facility of its kind in the western region of Saudi Arabia, will
collaborate with United Imaging to establish a research academy focused on
advanced PET/MR imaging, with a special emphasis on neuro and cardiac PET. The
collaborative efforts of the two entities will delve into exploring clinical
applications and educational initiatives related to the benefits of AI, digital
PET/MR, low-dose PET imaging, early detection of small lesions, and the
utilization of new tracers.
The
limited availability of a skilled workforce is a significant challenge in the
UAE Nuclear Imaging Equipment Market. Operating and maintaining nuclear imaging
equipment, such as PET scanners and gamma cameras, requires specialized
training due to the complexity of the technology and the handling of
radioactive materials. The limited availability of training programs and
resources for nuclear medicine technologists can result in a scarcity of
skilled professionals. Nuclear imaging technologies continue to advance,
incorporating new features, software, and imaging techniques. Ensuring that the
workforce is trained to operate and make optimal use of these advanced
technologies can be challenging due to the need for continuous education and
skill development. The availability of educational programs and
courses specific to nuclear medicine technology may be limited in the region.
This scarcity can hinder the development of a pool of qualified professionals
and impede the growth of the workforce in the nuclear imaging field.
UAE Nuclear Imaging
Equipment Market is segmented based on Type, Application, End User, and by
region.
Based on the Application,
UAE Nuclear
Imaging Equipment Market is segmented into Oncology, Cardiology, Neurology,
Others. Cardiology
in nuclear imaging involves the use of specialized nuclear imaging equipment to
assess the structure and function of the heart. This branch of nuclear medicine
plays a crucial role in diagnosing and managing various cardiac conditions. The
two primary nuclear imaging modalities used in cardiology are Single Photon
Emission Computed Tomography (SPECT) and Positron Emission Tomography (PET).
Nuclear imaging provides
functional information about the heart, offering insights beyond structural
imaging modalities like echocardiography or coronary angiography. Cardiac
nuclear imaging can detect abnormalities in blood flow and myocardial perfusion
before structural changes occur, allowing for early intervention. Combining
perfusion, function, and viability studies provides a comprehensive assessment
of cardiac health, aiding in treatment decisions.
Based on Region, Abu Dhabi region held the largest share
in the UAE Nuclear
Imaging Equipment Market.
Higher population density and a
greater demand for healthcare services in Abu Dhabi compared to other regions
may lead to increased investments in medical technologies, including nuclear
imaging equipment. Abu Dhabi is a hub for medical tourism, it could attract
patients seeking advanced diagnostics and treatments. This could drive the
demand for state-of-the-art medical equipment, including nuclear imaging
technology. The presence of strategic partnerships between healthcare
providers, equipment manufacturers, and research institutions can contribute to
the dominance of a region in the market. Such collaborations often lead to the
adoption of the latest medical technologies.
Some of the major companies operating in
the UAE Nuclear
Imaging Equipment Market include:
- GE Healthcare FZE
- Siemens Healthineers, UAE
- Philips Healthcare UAE
- Canon Medical UAE
- Neusoft Medical Systems UAE
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“Certain areas,
particularly in Dubai, are projected to exert significant demand for Nuclear
Imaging Equipment. The growth in the competitive landscape and the presence of
well-established companies in the market, committed to enhance the overall
wellbeing of people each year, are expected to contribute to a remarkable
growth of the UAE Nuclear Imaging Equipment Market in the
forecast period," said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based Global management consulting firm.
UAE Nuclear Imaging
Equipment Market by Type (PET Imaging Systems, Gamma Camera Imaging Systems),
By Application (Oncology, Cardiology, Neurology, Others), By End User
(Hospitals & Clinics, Diagnostic Imaging Centers, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of UAE
Nuclear Imaging Equipment Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
innovative market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in UAE Nuclear
Imaging Equipment Market.
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