Saudi Arabia 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, Competition Forecast & Opportunities, 2027
The Saudi Arabia nuclear imaging equipment market is anticipated to grow at a formidable rate in the forecast period, 2023-2027. Rise in prevalence of chronic diseases and the growing number of cancer patients are the primary factors driving the demand for Saudi Arabia nuclear imaging equipment market. Also, the ongoing technological advancements, growing healthcare expenditure, and supportive government policies are expected to contribute to the market growth during the forecast period. Market players are focusing on expanding their product portfolios to expand the the scope of diagnosis. Hence, they are investing in research & development activites as well as strategic collaborations, which is adding to the market growth.
Organ and tissue functions are studied using nuclear imaging technology, which creates images of the organs and tissues at the nuclear level. A radioactive chemical is injected into the patient to help identify the affected organ, tissue, or clump of improperly positioned cells. Nuclear imaging equipment is used to produce an image of an organ or tissue using a radioactive material so that a thorough examination, diagnosis, and treatment can be carried out. The apparatus also aids in the design, operation, and analysis of pharmaceuticals used in nuclear medicine.
The Saudi Arabia nuclear imaging equipment market is segmented on the basis of type, application end user, competitive landscape, and regional distribution. Based on type, the market is bifurcated into PET imaging systems and gamma camera imaging systems. PET imaging systems are expected to capture the highest market share in the forecast period, 2023-2027. They have the ability to provide high-resolution images and identify comprehensive information on cancer-causing tumors. Also, the easier accessibility to devices contributes to market growth.
Some of the major market players operating in the Saudi Arabia nuclear imaging equipment market are GE Healthcare Saudi Arabia, Philips Healthcare Saudi Arabia Ltd., Siemens Healthineers Saudi Arabia, and Canon Medical Systems Saudi Arabia.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
- To analyze the historical growth in the market size of the Saudi Arabia nuclear imaging equipment from 2017 to 2021.
- To estimate and forecast the market size of Saudi Arabia nuclear imaging equipment market from 2023 to 2027 and growth rate until 2027.
- To classify and forecast the Saudi Arabia nuclear imaging equipment market based on type, application, end user, region, and company.
- To identify the dominant region or segment in the Saudi Arabia nuclear imaging equipment market.
- To identify drivers and challenges for the Saudi Arabia nuclear imaging equipment market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabia nuclear imaging equipment market.
- To identify and analyze the profiles of leading players operating in the Saudi Arabia nuclear imaging equipment market.
- To identify key sustainable strategies adopted by market players in Saudi Arabia nuclear imaging equipment market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.
TechSci Research calculated the market size of the Saudi Arabia nuclear imaging equipment market using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:In this report, Saudi Arabia nuclear imaging equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Saudi Arabia Nuclear Imaging Equipment Market, By Type:
- PET Imaging Systems
- Gamma Camera Imaging Systems
- Saudi Arabia Nuclear Imaging Equipment Market, By Application:
- Oncology
- Cardiology
- Neurology
- Others
- Saudi Arabia Nuclear Imaging Equipment Market, By End User:
- Hospitals & Clinics
- Diagnostic Imaging Centers
- Others
- Saudi Arabia Nuclear Imaging Equipment Market, By Region:
- Northern & Central Region
- Eastern Region
- Western Region
- Southern Region
Competitive LandscapeCompany Profiles: Detailed analysis of the major companies present in Saudi Arabia nuclear imaging equipment market.
Company Information- Detailed analysis and profiling of additional market players (up to five).
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