Market Trends of South Africa Nuclear Imaging Industry
This section covers the major market trends shaping the South Africa Nuclear Imaging Market according to our research experts:
SPECT Radioisotopes are Expected to Witness Strong Growth Over the Forecast Period
South Africa is found to be a global hotspot for technological advancements, which is leading to the expansion of hospitals, clinics, and diagnostic centers and the adoption of new equipment and technologies. For instance, in December 2020, Telix Pharmaceuticals Limited and DuChemBio Co, Ltd., a South Africa-based radiopharmaceutical company went into an agreement for commercialization and partnership for Telix's prostate cancer imaging product TLX591-CDx (68GaPSMA-11).
SPECT radioisotopes are gaining attention in South Africa owing to their significance in diagnostics. For instance, the article 'Lung perfusion findings on perfusion SPECT/CT imaging in non-hospitalized de-isolated patients diagnosed with mild COVID-19 infection', published in 2021 stated that the value of VQ SPECT/CT imaging is used in detecting and differentiating the various types of perfusion abnormalities.
Moreover, as per the World Nuclear Association 2021, South Africa is considered as world's sixth main producer of radioisotopes. In addition, it comes at the third position in producing medical nuclear isotope Mo-99. As of the year 2022, the department of Nuclear Medicine at the University of Pretoria is collaborating with several international organizations and institutes to promote nuclear imaging tools for diagnosis as it has several applications in the diagnosis and treatment of many chronic disorders. Some of the international collaboration institutes include the University of Ghent, Belgium, European Commission DG Joint Research Centre, and University Medical Centre Groningen, Holland.
Therefore, owing to the above-mentioned factors, it is believed that the segment will witness strong growth in the coming years.
