PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1534438
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1534438
Middle East and Africa MRI Systems Market, By Architecture; By Field Strength; By Application; By End User; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
Middle East and Africa MRI Systems Market Size to Reach Value of USD 533.42 Million by 2030
Middle East and Africa MRI Systems Market is flourishing at a significant growth rate due to rising chronic disease prevalence, increasing healthcare expenditure, MRI technology advancements, awareness about the benefits of early diagnosis, expanding healthcare infrastructure, and governments' supportive initiatives.
BlueWeave Consulting, a leading strategic consulting, and Market research firm, in its recent study, estimated Middle East and Africa MRI Systems Market size by value at USD 354.14 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Middle East and Africa MRI Systems Market size to expand at a CAGR of 5.24% reaching a value of USD 533.42 million in 2030. Middle East and Africa MRI Systems Market is experiencing significant growth due to an increasing focus on the development of healthcare infrastructure and the adoption of advanced medical technologies. The market expansion is also fueled by the rising prevalence of chronic diseases, such as cardiovascular conditions, cancer, and neurological disorders.
By volume, BlueWeave estimated Middle East and Africa MRI Systems Market size at 768.22 thousand units in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Middle East and Africa MRI Systems Market size to expand at a CAGR of 5.11% reaching a volume of 843.85 thousand units by 2030. Technological advancements are playing a crucial role, with companies like Siemens Healthineers leading the way in innovations. They have introduced next-generation MRI technologies, such as the Magnetom Free.Max MRI system, which enhances patient comfort and diagnostic accuracy. These innovations are attracting healthcare providers and contributing to the widespread installation of MRI systems across the region. The growing awareness of the benefits of early diagnosis and treatment is also driving demand for MRI systems due to their non-invasive nature and high diagnostic accuracy.
Opportunity - Growing awareness about benefits of early disease diagnosis
The increasing awareness of early disease diagnosis is driving healthcare professionals to provide better treatment for brain tumors and breast cancers. MRI scanners are becoming more popular for determining brain tumor types and pinpointing cancers, making them more accurate in patient's bodies. This awareness is driving the demand for MRI scanners, which are crucial for early detection and treatment.
Impact of Escalating Geopolitical Tensions on Middle East and Africa MRI Systems Market
Middle East and Africa (MEA) MRI Systems Market is influenced by geopolitical tensions, which can disrupt funding, hinder the import of advanced medical equipment, and affect purchasing power. In countries like Syria and Yemen, ongoing conflicts have damaged healthcare infrastructure, making it difficult to invest in new technologies. Sanctions and trade restrictions can also hinder the import of MRI systems, affecting the quality of diagnostic services. Additionally, fluctuations in local currencies can limit access to advanced diagnostic services. Despite these challenges, some regions, like the UAE and Saudi Arabia, continue to invest heavily in healthcare infrastructure, such as acquiring advanced MRI systems.
Middle East and Africa MRI Systems Market
Middle East and Africa MRI Systems Market - By End User
Based on end user, Middle East and Africa MRI Systems Market is split into Hospitals and Diagnostic Imaging Centers segments. The hospitals segment is a larger end user segment in Middle East and Africa MRI Systems Market, followed by diagnostic imaging centers. It reflects a significant reliance on MRI technology in hospital settings for various medical diagnostic purposes across the region. Diagnostic imaging centers also play a crucial role, catering to outpatient services and specialized imaging needs, albeit hospitals remain the primary consumers of MRI systems in Middle East and Africa.
Competitive Landscape
Middle East and Africa MRI Systems Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Esaote SpA, GE Healthcare, Fujifilm Corporation, Koninklijke Philips NV, Canon Medical Systems Corporation, Fonar Corporation, Siemens Healthineers, Shimadzu Corporations, Neusoft Corporation, and Hologic Inc. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Middle East and Africa MRI Systems Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Middle East and Africa MRI Systems Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Middle East and Africa MRI Systems Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Middle East and Africa MRI Systems Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rise in geriatric population
- 3.2.1.2. Government initiatives
- 3.2.1.3. Growth in technology advancements
- 3.2.1.4. Growing chronic diseases
- 3.2.2. Restraints
- 3.2.2.1. High price of MRI systems
- 3.2.2.2. Declining sources for helium gas
- 3.2.3. Opportunities
- 3.2.3.1. MRI use for breast cancer evaluation
- 3.2.3.2. Growing accidents and injuries
- 3.2.3.3. Growth in minimally invasive procedures with MRI
- 3.2.3.4. Government initiatives to improve cancer diagnostic facilities
- 3.2.4. Challenges
- 3.2.4.1. Stringent regulations
- 3.2.4.2. Limited availability in small hospitals and clinics
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Middle East and Africa MRI Systems Market: Marketing Strategies
5. Middle East and Africa MRI Systems Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Million)
- 5.2. Market Share and Forecast
- 5.2.1. By Architecture
- 5.2.1.1. Closed MRI Systems
- 5.2.1.2. Open MRI Systems
- 5.2.2. By Field Strength
- 5.2.2.1. Low Field MRI Systems
- 5.2.2.2. High Field MRI Systems
- 5.2.2.3. Very High Field MRI Systems
- 5.2.2.4. Ultra-high MRI Systems
- 5.2.3. By Application
- 5.2.3.1. Oncology
- 5.2.3.2. Neurology
- 5.2.3.3. Cardiology
- 5.2.3.4. Others
- 5.2.4. By End User
- 5.2.4.1. Hospitals
- 5.2.4.2. Diagnostic Imaging Centres
- 5.2.4.3. Others
- 5.2.5. By Country
- 5.2.5.1. Saudi Arabia
- 5.2.5.2. UAE
- 5.2.5.3. Qatar
- 5.2.5.4. Kuwait
- 5.2.5.5. South Africa
- 5.2.5.6. Nigeria
- 5.2.5.7. Algeria
- 5.2.5.8. Rest of MEA
- 5.2.1. By Architecture
6. Saudi Arabia MRI Systems Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Architecture
- 6.2.2. By Field Strength
- 6.2.3. By Application
- 6.2.4. By End User
7. UAE MRI Systems Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Architecture
- 7.2.2. By Field Strength
- 7.2.3. By Application
- 7.2.4. By End User
8. Qatar MRI Systems Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Architecture
- 8.2.2. By Field Strength
- 8.2.3. By Application
- 8.2.4. By End User
9. Kuwait MRI Systems Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Architecture
- 9.2.2. By Field Strength
- 9.2.3. By Application
- 9.2.4. By End User
10. South Africa MRI Systems Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Architecture
- 10.2.2. By Field Strength
- 10.2.3. By Application
- 10.2.4. By End User
11. Nigeria MRI Systems Market
- 11.1. Market Size & Forecast, 2019-2030
- 11.1.1. By Value (USD Million)
- 11.2. Market Share & Forecast
- 11.2.1. By Architecture
- 11.2.2. By Field Strength
- 11.2.3. By Application
- 11.2.4. By End User
12. Algeria MRI Systems Market
- 12.1. Market Size & Forecast, 2019-2030
- 12.1.1. By Value (USD Million)
- 12.2. Market Share & Forecast
- 12.2.1. By Architecture
- 12.2.2. By Field Strength
- 12.2.3. By Application
- 12.2.4. By End User
13. Rest of MEA MRI Systems Market
- 13.1. Market Size & Forecast, 2019-2030
- 13.1.1. By Value (USD Million)
- 13.2. Market Share & Forecast
- 13.2.1. By Architecture
- 13.2.2. By Field Strength
- 13.2.3. By Application
- 13.2.4. By End User
14. Competitive Landscape
- 14.1. List of Key Players and Their Offerings
- 14.2. Middle East and Africa MRI Systems Market Share Analysis, 2023
- 14.3. Competitive Benchmarking, By Operating Parameters
- 14.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
15. Impact of Escalating Geopolitical Tensions on Middle East and Africa MRI Systems Market
16. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 16.1. Esaote SpA
- 16.2. GE Healthcare
- 16.3. FUJIFILM Corporation
- 16.4. Koninklijke Philips NV
- 16.5. Canon Medical Systems Corporation
- 16.6. Fonar Corporation
- 16.7. Siemens Healthineers
- 16.8. Shimadzu Corporations
- 16.9. Neusoft Corporation
- 16.10. Hologic Inc
- 16.11. Other Prominent Players
17. Key Strategic Recommendations
18. Research Methodology
- 18.1. Qualitative Research
- 18.1.1. Primary & Secondary Research
- 18.2. Quantitative Research
- 18.3. Market Breakdown & Data Triangulation
- 18.3.1. Secondary Research
- 18.3.2. Primary Research
- 18.4. Breakdown of Primary Research Respondents, By Country
- 18.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 Middle East and Africa MRI Systems Market Size, By Value (USD Million), 2019-2030
- Figure 2 Middle East and Africa MRI Systems Market Share, By Architecture, By Value, 2019-2030
- Figure 3 Middle East and Africa MRI Systems Market Share, By Field Strength, By Value, 2019-2030
- Figure 4 Middle East and Africa MRI Systems Market Share, By Application, By Value, 2019-2030
- Figure 5 Middle East and Africa MRI Systems Market Share, By End User, By Value, 2019-2030
- Figure 6 Middle East and Africa MRI Systems Market Share, By Country, By Value, 2019-2030
- Figure 7 Saudi Arabia MRI Systems Market Size, By Value (USD Million), 2019-2030
- Figure 8 Saudi Arabia MRI Systems Market Share, By Architecture, By Value, 2019-2030
- Figure 9 Saudi Arabia MRI Systems Market Share, By Field Strength, By Value, 2019-2030
- Figure 10 Saudi Arabia MRI Systems Market Share, By Application, By Value, 2019-2030
- Figure 11 Saudi Arabia MRI Systems Market Share, By End User, By Value, 2019-2030
- Figure 12 UAE MRI Systems Market Size, By Value (USD Million), 2019-2030
- Figure 13 UAE MRI Systems Market Share, By Architecture, By Value, 2019-2030
- Figure 14 UAE MRI Systems Market Share, By Field Strength, By Value, 2019-2030
- Figure 15 UAE MRI Systems Market Share, By Application, By Value, 2019-2030
- Figure 16 UAE MRI Systems Market Share, By End User, By Value, 2019-2030
- Figure 17 Qatar MRI Systems Market Size, By Value (USD Million), 2019-2030
- Figure 18 Qatar MRI Systems Market Share, By Architecture, By Value, 2019-2030
- Figure 19 Qatar MRI Systems Market Share, By Field Strength, By Value, 2019-2030
- Figure 20 Qatar MRI Systems Market Share, By Application, By Value, 2019-2030
- Figure 21 Qatar MRI Systems Market Share, By End User, By Value, 2019-2030
- Figure 22 Kuwait MRI Systems Market Size, By Value (USD Million), 2019-2030
- Figure 23 Kuwait MRI Systems Market Share, By Architecture, By Value, 2019-2030
- Figure 24 Kuwait MRI Systems Market Share, By Field Strength, By Value, 2019-2030
- Figure 25 Kuwait MRI Systems Market Share, By Application, By Value, 2019-2030
- Figure 26 Kuwait MRI Systems Market Share, By End User, By Value, 2019-2030
- Figure 27 South Africa MRI Systems Market Size, By Value (USD Million), 2019-2030
- Figure 28 South Africa MRI Systems Market Share, By Architecture, By Value, 2019-2030
- Figure 29 South Africa MRI Systems Market Share, By Field Strength, By Value, 2019-2030
- Figure 30 South Africa MRI Systems Market Share, By Application, By Value, 2019-2030
- Figure 31 South Africa MRI Systems Market Share, By End User, By Value, 2019-2030
- Figure 32 Nigeria MRI Systems Market Size, By Value (USD Million), 2019-2030
- Figure 33 Nigeria MRI Systems Market Share, By Architecture, By Value, 2019-2030
- Figure 34 Nigeria MRI Systems Market Share, By Field Strength, By Value, 2019-2030
- Figure 35 Nigeria MRI Systems Market Share, By Application, By Value, 2019-2030
- Figure 36 Nigeria MRI Systems Market Share, By End User, By Value, 2019-2030
- Figure 37 Algeria MRI Systems Market Size, By Value (USD Million), 2019-2030
- Figure 38 Algeria MRI Systems Market Share, By Architecture, By Value, 2019-2030
- Figure 39 Algeria MRI Systems Market Share, By Field Strength, By Value, 2019-2030
- Figure 40 Algeria MRI Systems Market Share, By Application, By Value, 2019-2030
- Figure 41 Algeria MRI Systems Market Share, By End User, By Value, 2019-2030
- Figure 42 Rest of MEA MRI Systems Market Size, By Value (USD Million), 2019-2030
- Figure 43 Rest of MEA MRI Systems Market Share, By Architecture, By Value, 2019-2030
- Figure 44 Rest of MEA MRI Systems Market Share, By Field Strength, By Value, 2019-2030
- Figure 45 Rest of MEA MRI Systems Market Share, By Application, By Value, 2019-2030
- Figure 46 Rest of MEA MRI Systems Market Share, By End User, By Value, 2019-2030
List of Tables
- Table 1 Middle East and Africa MRI Systems Market Size, By Value (USD Million), 2019-2030
- Table 2 Middle East and Africa MRI Systems Market Size, By Architecture, By Value, 2019-2030
- Table 3 Middle East and Africa MRI Systems Market Size, By Field Strength, By Value, 2019-2030
- Table 4 Middle East and Africa MRI Systems Market Size, By Application, By Value, 2019-2030
- Table 5 Middle East and Africa MRI Systems Market Size, By End User, By Value, 2019-2030
- Table 6 Middle East and Africa MRI Systems Market Size, By Country, By Value, 2019-2030
- Table 7 Saudi Arabia MRI Systems Market Size, By Value (USD Million), 2019-2030
- Table 8 Saudi Arabia MRI Systems Market Size, By Architecture, By Value, 2019-2030
- Table 9 Saudi Arabia MRI Systems Market Size, By Field Strength, By Value, 2019-2030
- Table 10 Saudi Arabia MRI Systems Market Size, By Application, By Value, 2019-2030
- Table 11 Saudi Arabia MRI Systems Market Size, By End User, By Value, 2019-2030
- Table 12 UAE MRI Systems Market Size, By Value (USD Million), 2019-2030
- Table 13 UAE MRI Systems Market Size, By Architecture, By Value, 2019-2030
- Table 14 UAE MRI Systems Market Size, By Field Strength, By Value, 2019-2030
- Table 15 UAE MRI Systems Market Size, By Application, By Value, 2019-2030
- Table 16 UAE MRI Systems Market Size, By End User, By Value, 2019-2030
- Table 17 Qatar MRI Systems Market Size, By Value (USD Million), 2019-2030
- Table 18 Qatar MRI Systems Market Size, By Architecture, By Value, 2019-2030
- Table 19 Qatar MRI Systems Market Size, By Field Strength, By Value, 2019-2030
- Table 20 Qatar MRI Systems Market Size, By Application, By Value, 2019-2030
- Table 21 Qatar MRI Systems Market Size, By End User, By Value, 2019-2030
- Table 22 Kuwait MRI Systems Market Size, By Value (USD Million), 2019-2030
- Table 23 Kuwait MRI Systems Market Size, By Architecture, By Value, 2019-2030
- Table 24 Kuwait MRI Systems Market Size, By Field Strength, By Value, 2019-2030
- Table 25 Kuwait MRI Systems Market Size, By Application, By Value, 2019-2030
- Table 26 Kuwait MRI Systems Market Size, By End User, By Value, 2019-2030
- Table 27 South Africa MRI Systems Market Size, By Value (USD Million), 2019-2030
- Table 28 South Africa MRI Systems Market Size, By Architecture, By Value, 2019-2030
- Table 29 South Africa MRI Systems Market Size, By Field Strength, By Value, 2019-2030
- Table 30 South Africa MRI Systems Market Size, By Application, By Value, 2019-2030
- Table 31 South Africa MRI Systems Market Size, By End User, By Value, 2019-2030
- Table 32 Nigeria MRI Systems Market Size, By Value (USD Million), 2019-2030
- Table 33 Nigeria MRI Systems Market Size, By Architecture, By Value, 2019-2030
- Table 34 Nigeria MRI Systems Market Size, By Field Strength, By Value, 2019-2030
- Table 35 Nigeria MRI Systems Market Size, By Application, By Value, 2019-2030
- Table 36 Nigeria MRI Systems Market Size, By End User, By Value, 2019-2030
- Table 37 Algeria MRI Systems Market Size, By Value (USD Million), 2019-2030
- Table 38 Algeria MRI Systems Market Size, By Architecture, By Value, 2019-2030
- Table 39 Algeria MRI Systems Market Size, By Field Strength, By Value, 2019-2030
- Table 40 Algeria MRI Systems Market Size, By Application, By Value, 2019-2030
- Table 41 Algeria MRI Systems Market Size, By End User, By Value, 2019-2030
- Table 42 Rest of MEA MRI Systems Market Size, By Value (USD Million), 2019-2030
- Table 43 Rest of MEA MRI Systems Market Size, By Architecture, By Value, 2019-2030
- Table 44 Rest of MEA MRI Systems Market Size, By Field Strength, By Value, 2019-2030
- Table 45 Rest of MEA MRI Systems Market Size, By Application, By Value, 2019-2030
- Table 46 Rest of MEA MRI Systems Market Size, By End User, By Value, 2019-2030
- Table 47 Esaote SpA Company Overview
- Table 48 Esaote SpA Financial Overview
- Table 49 GE Healthcare Company Overview
- Table 50 GE Healthcare Financial Overview
- Table 51 FUJIFILM Corporation Company Overview
- Table 52 FUJIFILM Corporation Financial Overview
- Table 53 Koninklijke Philips NV Company Overview
- Table 54 Koninklijke Philips NV Financial Overview
- Table 55 Canon Medical Systems Corporation Company Overview
- Table 56 Canon Medical Systems Corporation Financial Overview
- Table 57 Fonar Corporation Company Overview
- Table 58 Fonar Corporation Financial Overview
- Table 59 Siemens Healthineers Company Overview
- Table 60 Siemens Healthineers Financial Overview
- Table 61 Shimadzu Corporations Company Overview
- Table 62 Shimadzu Corporations Financial Overview
- Table 63 Neusoft Corporation Company Overview
- Table 64 Neusoft Corporation Financial Overview
- Table 65 Hologic Inc Company Overview
- Table 66 Hologic Inc Financial Overview
