The Latin America, Middle East and Africa Medical Isotope Market would witness market growth of 10.8% CAGR during the forecast period (2023-2030).
The Brazil market dominated the LAMEA Medical Isotope Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $185.4 million by 2030. The Argentina market is showcasing a CAGR of 11.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 10.4% during (2023 - 2030).
In addition, contract research organizations (CROs) provide research and development services to pharmaceutical companies, biotechnology firms, and academic institutions involved in drug discovery, clinical trials, and medical imaging research. CROs play a critical role in conducting preclinical and clinical studies, evaluating the safety and efficacy of radiopharmaceuticals, and advancing the development of new isotopic agents for diagnostic and therapeutic applications. These advancements mitigate supply shortages and improve access to critical isotopes for diagnostic and therapeutic applications.
The clinical applications of medical isotopes continue to expand beyond traditional imaging modalities and therapeutic treatments. Emerging applications include Theranostics approaches for neuroendocrine tumors, prostate cancer, and metastatic bone disease, as well as molecular imaging techniques for neurodegenerative disorders and cardiovascular diseases. This trend reflects the growing recognition of isotopic imaging and therapy as valuable tools in precision medicine and personalized healthcare.
High healthcare expenditure in the UAE allows for investment in research and development initiatives in the healthcare sector, including nuclear medicine and medical isotopes. According to the International Trade Administration (ITA), 7.6% of the $17.18 billion (AED 63.066 billion) authorized for public spending in the UAE’s 2022 federal budget is earmarked for healthcare. Therefore, high expenditure in the region’s healthcare sector drives the market’s growth.
Free Valuable Insights: The Worldwide Medical Isotope Market is Projected to reach USD 9.1 Billion by 2030, at a CAGR of 8.6%
Based on Type, the market is segmented into Radioisotopes, and Stable Isotopes. Based on End User, the market is segmented into Hospitals, Diagnostic Centers, and Research Institutes. Based on Application, the market is segmented into Diagnostic, and Nuclear Therapy. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Mallinckrodt PLC
- Bayer AG
- GE HealthCare Technologies, Inc.
- Canadian Nuclear Laboratories (Atomic Energy Of Canada Limited)
- ITM Isotope Technologies Munich SE
- Siemens Healthineers AG
- Eczacibasi-Monrol
- NorthStar Medical Radioisotopes, LLC
- Nordion Inc. (Sotera Health LLC)
- Iba SA
LAMEA Medical Isotope Market Report Segmentation
By Type
- Radioisotopes
- Stable Isotopes
By End User
- Hospitals
- Diagnostic Centers
- Research Institutes
By Application
- Diagnostic
- Nuclear Therapy
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Medical Isotope Market, by Type
1.4.2 LAMEA Medical Isotope Market, by End User
1.4.3 LAMEA Medical Isotope Market, by Application
1.4.4 LAMEA Medical Isotope Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Recent Strategies Deployed in Medical Isotopes Market
Chapter 5. LAMEA Medical Isotope Market by Type
5.1 LAMEA Radioisotopes Market by Country
5.2 LAMEA Stable Isotopes Market by Country
Chapter 6. LAMEA Medical Isotope Market by End User
6.1 LAMEA Hospitals Market by Country
6.2 LAMEA Diagnostic Centers Market by Country
6.3 LAMEA Research Institutes Market by Country
Chapter 7. LAMEA Medical Isotope Market by Application
7.1 LAMEA Diagonostic Market by Country
7.2 LAMEA Nuclear Therapy Market by Country
Chapter 8. LAMEA Medical Isotope Market by Country
8.1 Brazil Medical Isotope Market
8.1.1 Brazil Medical Isotope Market by Type
8.1.2 Brazil Medical Isotope Market by End User
8.1.3 Brazil Medical Isotope Market by Application
8.2 Argentina Medical Isotope Market
8.2.1 Argentina Medical Isotope Market by Type
8.2.2 Argentina Medical Isotope Market by End User
8.2.3 Argentina Medical Isotope Market by Application
8.3 UAE Medical Isotope Market
8.3.1 UAE Medical Isotope Market by Type
8.3.2 UAE Medical Isotope Market by End User
8.3.3 UAE Medical Isotope Market by Application
8.4 Saudi Arabia Medical Isotope Market
8.4.1 Saudi Arabia Medical Isotope Market by Type
8.4.2 Saudi Arabia Medical Isotope Market by End User
8.4.3 Saudi Arabia Medical Isotope Market by Application
8.5 South Africa Medical Isotope Market
8.5.1 South Africa Medical Isotope Market by Type
8.5.2 South Africa Medical Isotope Market by End User
8.5.3 South Africa Medical Isotope Market by Application
8.6 Nigeria Medical Isotope Market
8.6.1 Nigeria Medical Isotope Market by Type
8.6.2 Nigeria Medical Isotope Market by End User
8.6.3 Nigeria Medical Isotope Market by Application
8.7 Rest of LAMEA Medical Isotope Market
8.7.1 Rest of LAMEA Medical Isotope Market by Type
8.7.2 Rest of LAMEA Medical Isotope Market by End User
8.7.3 Rest of LAMEA Medical Isotope Market by Application
Chapter 9. Company Profiles
9.1 Canadian Nuclear Laboratories (Atomic Energy of Canada Limited)
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Partnerships, Collaborations, and Agreements:
9.1.3 SWOT Analysis
9.2 ITM Isotope Technologies Munich SE
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.2.3 SWOT Analysis
9.3 ECZACIBAŞI-MONROL
9.3.1 Company Overview
9.3.2 Recent strategies and developments:
9.3.2.1 Partnerships, Collaborations, and Agreements:
9.3.3 SWOT Analysis
9.4 NorthStar Medical Radioisotopes, LLC
9.4.1 Company Overview
9.4.2 Recent strategies and developments:
9.4.2.1 Partnerships, Collaborations, and Agreements:
9.4.3 SWOT Analysis
9.5 Iba SA
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 SWOT Analysis
9.6 Mallinckrodt PLC
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 SWOT Analysis
9.7 GE HealthCare Technologies, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.6 SWOT Analysis
9.8 Nordion Inc. (Sotera Health LLC)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.9 Bayer AG
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expense
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.6 SWOT Analysis
9.10. Siemens Healthineers AG (Siemens AG)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis
TABLE 1 LAMEA Medical Isotope Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Medical Isotope Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 4 LAMEA Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 5 LAMEA Radioisotopes Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Radioisotopes Market by Country, 2023 - 2030, USD Million
TABLE 7 LAMEA Stable Isotopes Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Stable Isotopes Market by Country, 2023 - 2030, USD Million
TABLE 9 LAMEA Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 10 LAMEA Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 11 LAMEA Hospitals Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Hospitals Market by Country, 2023 - 2030, USD Million
TABLE 13 LAMEA Diagnostic Centers Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Diagnostic Centers Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Research Institutes Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Research Institutes Market by Country, 2023 - 2030, USD Million
TABLE 17 LAMEA Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 18 LAMEA Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 19 LAMEA Diagonostic Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Diagonostic Market by Country, 2023 - 2030, USD Million
TABLE 21 LAMEA Nuclear Therapy Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Nuclear Therapy Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Medical Isotope Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Medical Isotope Market by Country, 2023 - 2030, USD Million
TABLE 25 Brazil Medical Isotope Market, 2019 - 2022, USD Million
TABLE 26 Brazil Medical Isotope Market, 2023 - 2030, USD Million
TABLE 27 Brazil Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 28 Brazil Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 29 Brazil Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 30 Brazil Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 31 Brazil Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 32 Brazil Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 33 Argentina Medical Isotope Market, 2019 - 2022, USD Million
TABLE 34 Argentina Medical Isotope Market, 2023 - 2030, USD Million
TABLE 35 Argentina Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 36 Argentina Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 37 Argentina Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 38 Argentina Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 39 Argentina Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 40 Argentina Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 41 UAE Medical Isotope Market, 2019 - 2022, USD Million
TABLE 42 UAE Medical Isotope Market, 2023 - 2030, USD Million
TABLE 43 UAE Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 44 UAE Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 45 UAE Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 46 UAE Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 47 UAE Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 48 UAE Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 49 Saudi Arabia Medical Isotope Market, 2019 - 2022, USD Million
TABLE 50 Saudi Arabia Medical Isotope Market, 2023 - 2030, USD Million
TABLE 51 Saudi Arabia Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 52 Saudi Arabia Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 53 Saudi Arabia Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 54 Saudi Arabia Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 55 Saudi Arabia Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 56 Saudi Arabia Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 57 South Africa Medical Isotope Market, 2019 - 2022, USD Million
TABLE 58 South Africa Medical Isotope Market, 2023 - 2030, USD Million
TABLE 59 South Africa Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 60 South Africa Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 61 South Africa Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 62 South Africa Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 63 South Africa Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 64 South Africa Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 65 Nigeria Medical Isotope Market, 2019 - 2022, USD Million
TABLE 66 Nigeria Medical Isotope Market, 2023 - 2030, USD Million
TABLE 67 Nigeria Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 68 Nigeria Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 69 Nigeria Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 70 Nigeria Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 71 Nigeria Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 72 Nigeria Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 73 Rest of LAMEA Medical Isotope Market, 2019 - 2022, USD Million
TABLE 74 Rest of LAMEA Medical Isotope Market, 2023 - 2030, USD Million
TABLE 75 Rest of LAMEA Medical Isotope Market by Type, 2019 - 2022, USD Million
TABLE 76 Rest of LAMEA Medical Isotope Market by Type, 2023 - 2030, USD Million
TABLE 77 Rest of LAMEA Medical Isotope Market by End User, 2019 - 2022, USD Million
TABLE 78 Rest of LAMEA Medical Isotope Market by End User, 2023 - 2030, USD Million
TABLE 79 Rest of LAMEA Medical Isotope Market by Application, 2019 - 2022, USD Million
TABLE 80 Rest of LAMEA Medical Isotope Market by Application, 2023 - 2030, USD Million
TABLE 81 Key Information – Canadian nuclear Laboratories
TABLE 82 Key Information – ITM Isotope Technologies Munich SE
TABLE 83 Key Information – ECZACIBAŞI-MONROL
TABLE 84 Key Information – NorthStar Medical Radioisotopes, LLC
TABLE 85 Key Information – iba sa
TABLE 86 Key information – Mallinckrodt PLC
TABLE 87 Key Information – GE HealthCare Technologies, Inc.
TABLE 88 Key Information – Nordion Inc.
TABLE 89 Key Information – Bayer AG
TABLE 90 Key Information – Siemens Healthineers AG
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Medical Isotope Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Medical Isotope Market
FIG 4 Porter’s Five Forces Analysis - Medical Isotopes Market
FIG 5 LAMEA Medical Isotope Market share by Type, 2022
FIG 6 LAMEA Medical Isotope Market share by Type, 2030
FIG 7 LAMEA Medical Isotope Market by Type, 2019 - 2030, USD Million
FIG 8 LAMEA Medical Isotope Market share by End User, 2022
FIG 9 LAMEA Medical Isotope Market share by End User, 2030
FIG 10 LAMEA Medical Isotope Market by End User, 2019 - 2030, USD Million
FIG 11 LAMEA Medical Isotope Market share by Application, 2022
FIG 12 LAMEA Medical Isotope Market share by Application, 2030
FIG 13 LAMEA Medical Isotope Market by Application, 2019 - 2030, USD Million
FIG 14 LAMEA Medical Isotope Market share by Country, 2022
FIG 15 LAMEA Medical Isotope Market share by Country, 2030
FIG 16 LAMEA Medical Isotope Market by Country, 2019 - 2030, USD Million
FIG 17 SWOT Analysis: Canadian Nuclear Laboratories
FIG 18 SWOT Analysis: ITM Isotope Technologies Munich SE
FIG 19 SWOT Analysis: Eczacibasi-Monrol
FIG 20 SWOT Analysis: NorthStar Medical Radioisotopes, LLC
FIG 21 SWOT Analysis: Iba SA
FIG 22 SWOT Analysis: Mallinckrodt PLC
FIG 23 SWOT Analysis: GE HealthCare Technologies, Inc.
FIG 24 Swot Analysis: Bayer AG
FIG 25 SWOT Analysis: Siemens Healthineers AG