Middle East and Africa MRI Market – Growth & Forecast (2024

Middle East and Africa MRI Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

MRI (Magnetic Resonance Imaging) is the fast replacing technology used to form the pictures of soft tissues in the body. MRI is a non-invasive diagnostic methodology produces the computerised images with the help of applied magnetic field and radio waves. MRI is a medical imaging technology offers the ease of identification and diagnostics of several diseases. More than 25,000 MRI scanners are in use worldwide. MRI scanners provide the visual representation of soft tissues inside the body.

The Middle East and Africa MRI Market Segments Size & Growth:

The Middle East and Africa MRI market are estimated to reach USD XX Billion by 2024, at a CAGR of XX% from $XX Billion in 2018. The major factors leading the Middle East and Africa MRI market are growing geriatric population, rising prevalence of chronic conditions, growing applications of MRI-guided radiotherapy for brain tumours, advances in scanning technology and imaging contrast agents. The non-invasive diagnostic imaging tumours for the detailed anatomical study of body parts, especially soft tissues. Rising demand for the non-invasive diagnostic imaging plays a crucial role in the Middle East and Africa MRI market growth. The growing applications of MRI-guided radiotherapy for brain tumors and advances in scanning technology are also contributing majorly to the Middle East and Africa MRI market growth. High cost of MRI systems, expensive treatment, and lo reimbursement rates for MRI procedures are restraining the market growth during the forecast period. Lack of skilled professionals and instruments complexity are challenging the market growth in upcoming years.

Middle East and Africa MRI Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Emerging hybrid MRI systems and novel applications in developed economies are providing profitable opportunities to the market.

The Middle East and Africa MRI Market Segments Share:

The Middle East and Africa MRI market are segmented based on the architecture, field strength, applications, end-users, and geography. By architecture, the market is segmented into open MRI systems, closed MRI systems. Among these, the closed MRI systems are accounting largest market share in 2017, owing to the technological advancements, and cost-effectiveness. By field strength, the MRI market is classified into low-to-mid-field strength MRI, high-field strength MRI, very high-field strength MRI, ultra-high-field strength MRI, and others. High-field segment is estimated to grow at the fastest growth rate during the forecast period, due to their advantages regarding SNR (Signal to Noise Ratio). By considering the applications segment, the market is categorised into the brain and neurological MRI, cardiology, oncology, vascular MRI, spine and musculoskeletal MRI, and others. Brain and the neurological segment are expected to hold the largest market share followed by the spine and musculoskeletal segment, owing to the increasing ageing population and growing awareness of diagnosis.

By Geography; increasing ageing population, growing geriatric population, and advances in scanning technology and imaging contrast agents are driving the Middle East and Africa MRI market growth during the forecast period.

The Middle East and Africa MRI Market Trends:

Siemens Healthcare Company has launched the powerful MRI system called MAGNETOM Terra is the first 7T scanner introduced in the United States, and Europe to explore new territories in MRI, and these

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Middle East and Africa MRI Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

devices will enhance the clinical care and better patient’s outcomes.

Bruker Corporation is one of the top players in the Middle East, and Africa MRI market provides small animal MRI solutions for molecular and preclinical MRI research, and these systems provide high spatial resolution imaging of the living organisms.

The Middle East and Africa MRI Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Middle East and Africa MRI Market are:

Hitachi Medical Corporation
GE Healthcare
Siemens Healthcare
Bruker Corporation
Philips Healthcare
Canon Medical System Corporation

Along with these companies, there were many other companies considered/ cited in the report while analysing the Middle East and Africa MRI market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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