South Africa Nuclear Imaging Market Size

South Africa Nuclear Imaging Market Analysis

The South Africa Nuclear Imaging Market size is estimated at USD 67.45 million in 2024, and is expected to reach USD 77.30 million by 2029, growing at a CAGR of 2.76% during the forecast period (2024-2029).

According to a study titled 'Nuclear Medicine Operations in the Times of COVID-19: Strategies, Precautions, and Experiences' published in the Journal of Nuclear Medicine in May 2020, the nuclear medicine staff in the country have been instructed to have refresher courses on infection control management and basic emergency management. South Africa saw a reduction in the clinical service for nonurgent scans, and inpatient and urgent outpatient studies, especially in oncology. The country had an inbuilt supply of many radioisotopes, as the country has nuclear reactors from Jubilant Pharmova and therefore was not affected by shortages of radiopharmaceuticals, but the country was dependent on overseas supply for many kits and reagents and the shutdown of airline flights have caused shortages for those kits and reagents.

However, COVID-19 has opened many opportunities for the market players in the industry to identify and tap the market and expand their operations to generate revenue for their company. For instance, In 2020, Jubliant Pharmova, one of the provoders of radiopharmaceuticals, started its own office in South Africa as part of its long-term plan of going direct to market with its own sales team. This will bring investment in the South African economy thus improving the country's economic condition.

Nuclear imaging is hugely capable of diagnosing cancer and cardiac diseases. Nuclear medicine scans ( also known as nuclear imaging, radionuclide imaging, and nuclear scans) can help doctors find tumors and see how much cancer has spread in the body. Cardiac nuclear medicine imaging evaluates the heart for coronary artery disease and cardiomyopathy (diseases of the heart muscle). It also may be used to help determine whether the heart has been damaged by chemotherapy or radiotherapy. Additionally, as per the 2021 data from International Society for Optics and Photonics, South Africa is rapidly acquiring high-tech medical imaging equipment such as multi-slice helical computed tomography (CT) scanners, as well as hybrid imaging technologies like combining single photon emission computed tomography and positron emission tomography with CT. This adoption of nuclear imaging equipment is expected to boost the market growth in South Africa over the forecast period.