Saudi Arabia and Middle East Radioisotope Market, By Radioisotopes (Molebdennum 99/Technetium-99, Iodine-131, Iodine-125, Yttrium-90, Strontium-89, Cesium-137, Cobalt-60, Iridium-192, Selenium-75, Lutetium 177, Germanium-68/gallium-68, Nickel-63, Copper-67, Scandium 47, Phosphorus-32, Holmium 166, Chromium 51, Samarium 153, Rhenium-188, Terbium-161, Radium -226, Rhenium-186, Actinium-225, and Others), By Application (Medical Application (Medical Imaging, Single Photon Emission Computed Tomography (SPECT), Positron Emission Tomography (PET)), Radiation Therapy (Gamma radiotherapy, Brachytherapy, Targeted-Alpha-Therapy (TAT)), Clinical Research (Cell Biology, Drug Development, Metabolic Pathway Study) and Industrial Application (Inspection/Monitoring, Measuring, Quality Control and Testing, Sterilization, Food Preservation), By End User (Hospitals, Imaging Centers, Research Centers, Biopharmaceutical Companies, Food Industry, Chemical Industry, and Others)
The Saudi Arabia and Middle East radioisotope market size was valued at US$ 691.3 Mn in 2023 and is expected to reach US$ 1,604.4 Mn by 2031, growing at a compound annual growth rate (CAGR) of 11.1% from 2024 to 2031.
Figure 1. Saudi Arabia and Middle East Radioisotope Market Share (%), by Country, 2024
The Saudi Arabia and Middle East radioisotope market has seen significant growth over the past decade driven by increasing investments in healthcare and the rising demand for advanced medical technologies. Radioisotopes are invaluable tools in modern medicine as they are used in various diagnostic examinations, such as Single Photon Emission Computed Tomography or (SPECT) and Positron Emission Tomography or (PET) scan gain insight into physiological functions and identify anomalies inside the human body in a non-invasive manner.
Market Dynamics:
The Saudi Arabia and Middle East radioisotope market is experiencing growth propelled by increasing healthcare expenditures and the rising incidence of chronic diseases, particularly cancer. As the demand for sophisticated diagnostic and therapeutic options surges, medical isotopes' role becomes more prominent in advanced medical imaging and targeted cancer treatments.
Governments across the region are taking initiatives to improve healthcare facilities, focusing on building competent national healthcare systems capable of providing advanced treatments, including those that involve nuclear medicine. These initiatives often come as part of broader efforts to develop and diversify the economies away from oil dependency, particularly within the Gulf Cooperation Council (GCC) countries. This shift is resulting in an influx of private investments targeting healthcare advancements, including the adoption of cutting-edge technologies and the fostering of innovation. Despite this positive momentum, the market is facing a few challenges. One of the key constraints is the limited local production and the heavy reliance on the importation of radioisotopes, which exposes the market to global supply chain vulnerabilities and added costs. Moreover, the use, handling, and transportation of radioisotopes are subject to stringent regulations to ensure safety and precise control of radioactive materials, which can pose logistical challenges and increase operational expenses.
However, the future holds substantial opportunities for the Saudi Arabia and Middle East radioisotope market. There is room for growth in local production capabilities, which can be realized through capacity expansions, investments in R&D, and establishing regional trade partnerships that could lessen dependency on imports. Additionally, strategic collaborations between countries and companies can lead to improved self-sufficiency and strengthen the market position within the region. With a focus on innovation and strategic planning, the Saudi Arabia and Middle East radioisotope market is poised to overcome its challenges and capitalize on emerging opportunities, reinforcing its trajectory towards growth and sustainability.
Key Features of the Study:
- This report provides an in-depth analysis of the Saudi Arabia and Middle East radioisotope market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the Saudi Arabia and Middle East radioisotope market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include GE Healthcare, IBA, Sumitomo Corporation, BWX Technologies, Inc., Advanced Cyclotron Systems, Inc., Navidea Biopharmaceuticals, Inc., BEST Cyclotron Systems Inc., NorthStar Medical Radioisotopes, Siemens Healthineers, Novartis, Moravek Biomedicals Inc., Nordion, Research Products International Corp., Cardinal Health Nuclear Pharmacy, American Radiolabeled Chem. Inc., Perkin-Elmer (NEN), IRE, Eckert & Ziegler., Curium, ANSTO, HTA Co., Ltd, Isotope JSC., SAMIRA, OECD-NEA, Telix Pharmaceuticals Limited., The State Atomic Energy Corporation, ROSATOM, ISOTOPIA, NTP Radioisotopes, KFSH&RC, Jordan Research and Training Reactor, Esfahan Nuclear Technology Center, ETRR-2, and SRR-1
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The Saudi Arabia and Middle East radioisotope market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- By Radioisotopes
- Molebdennum 99/Technetium-99
- Iodine-131
- Iodine-125
- Yttrium-90
- Strontium-89
- Cesium-137
- Cobalt-60
- Iridium-192
- Selenium-75
- Lutetium 177
- Germanium-68/gallium-68
- Nickel-63
- Copper-67
- Scandium 47
- Phosphorus-32
- Holmium 166
- Chromium 51
- Samarium 153
- Rhenium-188
- Terbium-161
- Radium -226
- Rhenium-186
- Actinium-225
- Others
- By Application
- Medical Application
Single Photon Emission Computed Tomography (SPECT)
Positron Emission Tomography (PET)
- Radiation Therapy
Brachytherapy
Targeted-Alpha-Therapy (TAT)
- Clinical Research
Drug Development
Metabolic Pathway Study
- Industrial Application
Measuring
Quality Control and Testing
Sterilization
Food Preservation
- By End User
- Hospitals
- Imaging Centers
- Research Centers
- Biopharmaceutical Companies
- Food Industry
- Chemical Industry
- Others
- By Country
- U.A.E
- Israel
- Saudi Arabia
- Kuwait
- Qatar
- Oman
- Bahrain
- Yemen
- Iran
- Iraq
- Jordan
- Syria
- Lebanon
- Egypt
- Libya
- Morocco
- Mauritania
- Tunisia
- Sudan
- Algeria
- Cyprus
- Turkey
- Top Companies in the Saudi Arabia and Middle East Radioisotope Market:
- GE Healthcare
- IBA, Sumitomo Corporation
- BWX Technologies, Inc.
- Advanced Cyclotron Systems, Inc.
- Navidea Biopharmaceuticals, Inc.
- BEST Cyclotron Systems Inc.
- NorthStar Medical Radioisotopes
- Siemens Healthineers
- Novartis
- Moravek Biomedicals Inc.
- Nordion
- Research Products International Corp.
- Cardinal Health Nuclear Pharmacy
- American Radiolabeled Chem. Inc.
- Perkin-Elmer (NEN)
- IRE
- Eckert & Ziegler.
- Curium
- ANSTO
- HTA Co., Ltd
- Isotope JSC.
- SAMIRA
- OECD-NEA
- Telix Pharmaceuticals Limited.
- The State Atomic Energy Corporation
- ROSATOM.
- ISOTOPIA
- NTP Radioisotopes
- KFSH&RC
- Jordan Research and Training Reactor
- Esfahan Nuclear Technology Center
- ETRR-2
- SRR-1
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Saudi Arabia and Middle East Radioisotope Market, By Radioisotopes
- Saudi Arabia and Middle East Radioisotope Market, By Application
- Saudi Arabia and Middle East Radioisotope Market, By End User
- Saudi Arabia and Middle East Radioisotope Market, By Country
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Driver
- Rising prevalence of cancer
- Increasing medical applications of radioisotopes
- Availability of government and private funding
- Growing awareness about early diagnosis
- Impact Analysis
- Market Trends
- Key Highlights
- Regulatory Scenario
- Recent Product Approval/Launches
- PEST Analysis
- Porter’s Analysis
- Mergers, Acquisitions, and Collaboration Scenario
- Brand and Pricing Analysis
- Radioisotopes in Industrial Use
- Application and radioactivity level of radioisotopes
- Radioisotopes in Medical Use
- Application and radioactivity level of radioisotopes
- Supply Challenges of Radioisotope
- Pricing Analysis for the Import of Radioisotope
- Overview on Research Reactor-based Radioisotopes
- Value Chain Analysis
- Supply Chain Analysis
- Supplier landscape for research reactor-based radioisotope
- Stakeholder analysis for the Middle East region
- 4. Saudi Arabia and Middle East Radioisotope Market- Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Economic Impact
- Impact on Saudi Arabia and Middle East Radioisotope Market
- 5. Saudi Arabia and Middle East Radioisotope Market, By Radioisotopes, 2019-2031, (US$ Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 – 2031
- Segment Trends
- Molebdennum 99/Technetium-99
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Iodine-131
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Iodine-125
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Yttrium-90
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Strontium-89
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Cesium-137
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Cobalt-60
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Iridium-192
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Selenium-75
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Lutetium 177
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Germanium-68/gallium-68
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Nickel-63
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Copper-67
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Scandium 47
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Phosphorus-32
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Holmium 166
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Chromium 51
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Samarium 153
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Rhenium-188
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Terbium-161
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Radium -226
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Rhenium-186
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Actinium-225
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- 6. Saudi Arabia and Middle East Radioisotope Market, By Application, 2019-2031, (US$ Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Medical Application
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Medical Imaging
- Single Photon Emission Computed Tomography (SPECT)
- Positron Emission Tomography (PET)
- Radiation Therapy
- Gamma radiotherapy
- Brachytherapy
- Targeted-Alpha-Therapy (TAT)
- Clinical Research
- Cell Biology
- Drug Development
- Metabolic Pathway Study
- Industrial Application
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Inspection/Monitoring
- Measuring
- Quality Control and Testing
- Sterilization
- Food Preservation
- 7. Saudi Arabia and Middle East Radioisotope Market, By End User, 2019-2031, (US$ Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Imaging Centers
- Research Centers
- Biopharmaceutical Companies
- Food Industry
- Chemical Industry
- Others
- 8. Saudi Arabia and Middle East Radioisotope Market, By Country, 2019-2031, (US$ Mn)
- Introduction
- Market Share Analysis, By Country, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Country, 2020 – 2031
- Country Trends
- U.A.E
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Radioisotopes, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Mn)
- Israel
- Saudi Arabia
- Kuwait
- Qatar
- Oman
- Bahrain
- Yemen
- Iran
- Iraq
- Jordan
- Syria
- Lebanon
- Egypt
- Libya
- Morocco
- Mauritania
- Tunisia
- Sudan
- Algeria
- Cyprus
- Turkey
- 9. Competitive Landscape
- GE Healthcare
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- IBA, Sumitomo Corporation
- BWX Technologies, Inc.
- Advanced Cyclotron Systems, Inc.
- Navidea Biopharmaceuticals, Inc.
- BEST Cyclotron Systems Inc.
- NorthStar Medical Radioisotopes
- Siemens Healthineers
- Novartis
- Inc.
- Nordion
- Research Products International Corp
- Cardinal Health Nuclear Pharmacy
- American Radiolabeled Chem. Inc.
- Perkin-Elmer (NEN)
- IRE
- Eckert & Ziegler
- Curium
- ANSTO
- HTA Co., Ltd
- Isotope JSC.
- SAMIRA
- OECD-NEA
- Telix Pharmaceuticals Limited.
- The State Atomic Energy Corporation
- ROSATOM.
- ISOTOPIA
- NTP Radioisotopes
- KFSH&RC
- Jordan Research and Training Reactor
- Esfahan Nuclear Technology Center
- ETRR-2
- SRR-1
- Analyst Views
- 10. Section
- Research Methodology
- About us
- *Browse 35 market data tables and 85 figures on “Saudi Arabia and Middle East Radioisotope Mark” - Saudi Arabia and Middle East forecast to 2031
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