Italy Nuclear Imaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Italy Nuclear Imaging Market Analysis

The Italy Nuclear Imaging Market size is estimated at USD 248.82 million in 2024, and is expected to reach USD 285.80 million by 2029, growing at a CAGR of 2.81% during the forecast period (2024-2029).

The pandemic had an adverse effect on the market growth in Italy. Due to COVID-19 in the country, most radioiodine treatments were delayed, and all the conventional nuclear imaging studies Fluorodeoxyglucose (FDG) PET scans were canceled. Approximately 8% of respondents to the study "Impact of the COVID-19 Pandemic on Radiotherapy Supply" published in the National Center for Biotechnology Medicine in May 2021 modified their radiotherapy treatment by canceling or delaying their appointment, according to the study. Stefano Fanti, MD: Department of Oncology, Division of Nuclear Medicine, University of Bologna, Bologna, Italy stated that they have rescheduled all non-high-priority scans, namely routine control examinations, and have reduced the number of their nuclear imaging studies by 20% in the study "Nuclear Medicine Operations in the Times of COVID-19: Strategies, Precautions, and Experiences" published in The Journal of Nuclear Medicine in May 2020. Thus, the aforementioned factors had an effect on the Italian nuclear imaging market.

The market is projected to develop as a result of increasing diagnostic applications in conditions such as cancer and cardiovascular disorders as well as initiatives taken by major industry participants. Cancer and heart conditions can be effectively treated with nuclear medicine. The rising prevalence of chronic disorders in the area is hence fueling market expansion. According to Globocan 2020, number of cancer cases in Italywas around 415,269 in 2020 and this is expected to increase, over the coming years. According to the research study titled "Trends in cardiovascular diseases burden and vascular risk factors in Italy" published in August 2020, the cardiovascular burden Italy 2020 reported that the prevalence of cardiovascular disorders grew from 5.75 million to 7.49 million cases across all age categories. The market expansion will be accelerated by the anticipated rise in demand for nuclear imaging diagnostics due to the increased prevalence of heart illnesses. Early detection made possible by PET/SPECT would reduce mortality, hence market growth is anticipated going forward. There are many research studies that are taking place in France in the field of SPECT imaging for neurological disease diagnosis. For instance, in May 2020, a study titled, '123I-FP-CIT SPECT validation of nigro-putaminal MRI tractography in dementia with Lewy bodies was published in the European Radiology Experimental. For this study, researchers used Ioflupane (123I-FP-CIT) single-photon emission computed tomography (SPECT) to assess nigrostriatal degeneration, which is a key differentiating element between dementia with Lewy bodies and Alzheimer's disease, and compare it with a mask-based approach that uses MRI. Studies such as these are expected to increase the scope of the use of SPECT in the diagnosis of neurological diseases. Therefore, it is anticipated that the aforementioned reasons will fuel market expansion throughout the forecast period.

However, it is anticipated that the market expansion in Italy will be constrained by the absence of adequate reimbursement, strict regulatory approval procedures, and the high cost of equipment.

Italy Nuclear Imaging Market Trends

This section covers the major market trends shaping the Italy Nuclear Imaging Market according to our research experts:

Equipment Segment is Expected to Hold a Significant Market Share Over the Forecast Period

Italy Nuclear Imaging Industry Segmentation

As per the scope of the report, nuclear medicine imaging procedures are non-invasive, with the exception of intravenous injections, and are usually painless medical tests that help physicians diagnose and evaluate medical conditions. These imaging scans use radioactive materials called radiopharmaceuticals or radiotracers. These radiopharmaceuticals are used in diagnosis and therapeutics. They are small substances that contain a radioactive substance that is used in the treatment of cancer, cardiac and neurological disorders. Italy Nuclear Imaging Market is segmented by Product (Equipment, and Diagnostic Radioisotope (SPECT Radioisotopes, and PET Radioisotopes), Application (SPECT Application (Cardiology, Neurology, Thyroid, and Other SPECT Applications), and PET Application (Oncology, Cardiology, Neurology, and Other PET Applications). The report offers the value (in USD million) for the above segments.