Middle East And Africa Mri Systems Market

Home Medical Devices Middle East And Africa Mri Systems Market

Middle East and Africa MRI Systems Market, By Architecture (Closed MRI Systems, Open MRI Systems); By Field Strength (Low Field MRI Systems, High Field MRI Systems, Very High Field MRI Systems, Ultra-high MRI Systems); By Application (Oncology, Neurology, Cardiology); By End User (Hospitals, Diagnostic Imaging Centers); By Country (Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

Published Date: July 2024
Report ID: BWC24517
Available Format: PDF
Page: 200

Report Overview

Rising cancer prevalence, an increasing demand for quick diagnostic procedures, advancements in MRI machines, and the growing geriatric population are expected to foster significant growth of Middle East and Africa MRI Systems Market during the forecast period between 2024 and 2030.

Middle East and Africa MRI Systems Market – Industry Trends & Forecast Report, 2030

Middle East and Africa MRI Systems Market size by value was estimated at USD 354.14 million in 2023. During the forecast period between 2024 and 2030, Middle East and Africa MRI Systems Market size is expected to expand at a CAGR of 5.24% reaching a value of USD 533.42 million by 2030. Middle East and Africa MRI Systems market is driven by rising chronic diseases, such as cardiovascular, cancer, and neurological disorders, and technological advancements. Companies like Siemens Healthineers are developing next-generation MRI technologies, such as the Magnetom Free.Max MRI system, which improves patient comfort and diagnostic accuracy, attracting healthcare providers and contributing to the expansion of MRI system installations in the region.

By volume, Middle East and Africa MRI Systems Market size was estimated at 768.22 thousand units in 2023. During the forecast period between 2024 and 2030, Middle East and Africa MRI Systems Market size is projected to grow at a CAGR of 5.11% reaching a volume of 843.85 thousand units by 2030. Government initiatives and healthcare infrastructure investments are driving MRI systems Market in countries like Saudi Arabia, UAE, and South Africa. Vision 2030 initiatives and partnerships between international providers and local governments are enhancing healthcare services and expanding diagnostic capabilities.

Middle East and Africa MRI Systems Market

MRI Systems Market – Overview

MRI systems are radiology techniques used to capture images of patient anatomy and physiological processes, detecting various medical conditions like brain tumors, stroke, and dementia. They are non-invasive diagnostic tests, generating body parts images for better treatment and diagnosis in digital health, continually enhanced with the latest intelligence techniques.

Middle East and Africa MRI Systems Market

Growth Drivers

Growing Geriatric Population

The growing geriatric population is driving the demand for MRI scanners, as they are more susceptible to various diseases such as brain tumors, stroke, and dementia. With one in 10 people aged 65 or older undergoing surgery, MRI scanners are essential for real-time, high-quality disease detection in various surgical procedures, thereby driving market demand.

Challenges

Restricted Accessibility

MRI scanners demand specific infrastructure and facilities for optimal operation, such as dedicated space, shielding, cooling systems, and power supply. Establishing these infrastructure prerequisites can incur high costs and take considerable time, thereby restricting access to MRI scanners in healthcare facilities or regions with limited resources.

Impact of Escalating Geopolitical Tensions on Middle East and Africa MRI Systems Market

Middle East and Africa MRI Systems Market is significantly impacted by escalating geopolitical tensions, such as the Russia-Ukraine war and Israel-Palestine conflict. These intense political tensions among the region’s major contries disrupt supply chains, causing delays in equipment procurement and installation. Economic sanctions limit access to advanced MRI technologies, and political instability reduces investor confidence. These challenges strain existing healthcare systems and highlight the urgent need for reliable diagnostic tools like MRI. International collaborations for humanitarian aid and technology transfers may mitigate some impacts.

Middle East and Africa MRI Systems Market

Middle East and Africa MRI Systems Market – By Architecture

By architecture, Middle East and Africa MRI Systems Market is split into Closed MRI Systems and Open MRI Systems segments. The closed MRI systems segment is a higher contributor to the growth of Middle East and Africa MRI Systems Market. These systems offer high-quality imaging with strong magnet fields and are preferred for their superior resolution in clinical diagnostics. Open MRI Systems, though providing more accessible options for claustrophobic or larger patients, constitute a smaller segment due to their lower magnetic field strength. The dominance of closed MRI systems underscores their widespread use in advanced medical imaging across the region.

Middle East and Africa MRI Systems Market Size

Middle East and Africa MRI Systems Market – By Field Strength

By field strength, Middle East and Africa MRI Systems Market is divided into Low Field MRI Systems, High Field MRI Systems, Very High Field MRI Systems, and Ultra-high MRI Systems segments. The high-field MRI systems segment is the largest in Middle East and Africa MRI Systems Market. These systems are favored for their superior image resolution and diagnostic capabilities compared to lower field strengths. They are widely used in healthcare settings across the region for detailed anatomical imaging and disease diagnosis, reflecting strong demand and adoption in medical facilities.

Middle East and Africa MRI Systems Market Demand

Middle East and Africa MRI Systems Market – By Country

Geographically, Middle East and Africa MRI Systems Market is divided into Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of MEA. Saudi Arabia and UAE typically represent a significant share due to their advanced healthcare infrastructure and high demand for diagnostic imaging. South Africa also holds a prominent share, driven by both public and private healthcare sectors. Each country's market is influenced by factors such as healthcare investment, technological advancements, and the prevalence of chronic diseases necessitating MRI diagnostics.

Competitive Landscape

Key players in the highly competitive Middle East and Africa MRI Systems 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. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

In July 2022 - The International Atomic Energy Agency (IAEA) entered into a partnership with GE Healthcare to train professionals from Africa in medical imaging that will focus on PET-CT and PET-MRI imaging techniques that provide a more accurate diagnosis of diseases, such as cancer under the training program named Rays of Hope.
In February 2022 - Hamad Medical Corporation (HMC) launched the first Radiopharmaceutical Laboratory in Doha, followed by the commencement of Nuclear Treatment of tumors. The new laboratory, located at HMC's National Center for Cancer Care and Research (NCCCR), provides cancer patients with diagnostic and therapeutic care locally, including various MRI services.

Scope of the Report

Attributes	Details
Years Considered	Historical Data – 2019–2023
	Base Year – 2023
	Estimated Year – 2024
	Forecast Period – 2024–2030
Facts Covered	By Value - USD Million
Facts Covered	By Volume - Thousand Units
Market Coverage	Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, Rest of MEA
Product/Service Segmentation	Architecture, Field Strength, Application, End User, Country
Key Players	Esaote SpA, GE Healthcare, FUJIFILM Corporation, Koninklijke Philips NV, Canon Medical Systems Corporation, Fonar Corporation, Siemens Healthineers, Shimadzu Corporations, Neusoft Corporation, Hologic Inc.

By Architecture

Closed MRI Systems
Open MRI Systems

By Field Strength

Low Field MRI Systems
High Field MRI Systems
Very High Field MRI Systems
Ultra-high MRI Systems

By Application

Oncology
Neurology
Cardiology

By End User

Hospitals
Diagnostic Imaging Centers

By Country

Saudi Arabia
UAE
Qatar
Kuwait
South Africa
Nigeria
Algeria
Rest of MEA

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Executive Summary
Middle East and Africa MRI Systems Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
    1. Rise in geriatric population
    2. Government initiatives
    3. Growth in technology advancements
    4. Growing chronic diseases
  2. Restraints
    1. High price of MRI systems
    2. Declining sources for helium gas
  3. Opportunities
    1. MRI use for breast cancer evaluation
    2. Growing accidents and injuries
    3. Growth in minimally invasive procedures with MRI
    4. Government initiatives to improve cancer diagnostic facilities
  4. Challenges
    1. Stringent regulations
    2. Limited availability in small hospitals and clinics
3. Technological Advancements/Recent Developments
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Middle East and Africa MRI Systems Market: Marketing Strategies
Middle East and Africa MRI Systems Market Overview
1. Market Size & Forecast, 2019–2030
  1. By Value (USD Million)
2. Market Share and Forecast
  1. By Architecture
    1. Closed MRI Systems
    2. Open MRI Systems
  2. By Field Strength
    1. Low Field MRI Systems
    2. High Field MRI Systems
    3. Very High Field MRI Systems
    4. Ultra-high MRI Systems
  3. By Application
    1. Oncology
    2. Neurology
    3. Cardiology
    4. Others
  4. By End User
    1. Hospitals
    2. Diagnostic Imaging Centres
    3. Others
  5. By Country
    1. Saudi Arabia
    2. UAE
    3. Qatar
    4. Kuwait
    5. South Africa
    6. Nigeria
    7. Algeria
    8. Rest of MEA
Saudi Arabia MRI Systems Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Architecture
  2. By Field Strength
  3. By Application
  4. By End User
UAE MRI Systems Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Architecture
  2. By Field Strength
  3. By Application
  4. By End User
Qatar MRI Systems Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Architecture
  2. By Field Strength
  3. By Application
  4. By End User
Kuwait MRI Systems Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Architecture
  2. By Field Strength
  3. By Application
  4. By End User
South Africa MRI Systems Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Architecture
  2. By Field Strength
  3. By Application
  4. By End User
Nigeria MRI Systems Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Architecture
  2. By Field Strength
  3. By Application
  4. By End User
Algeria MRI Systems Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Architecture
  2. By Field Strength
  3. By Application
  4. By End User
Rest of MEA MRI Systems Market
1. Market Size & Forecast, 2019-2030
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Architecture
  2. By Field Strength
  3. By Application
  4. By End User
Competitive Landscape
1. List of Key Players and Their Offerings
2. Middle East and Africa MRI Systems Market Share Analysis, 2023
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
Impact of Escalating Geopolitical Tensions on Middle East and Africa MRI Systems Market
Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
1. Esaote SpA
2. GE Healthcare
3. FUJIFILM Corporation
4. Koninklijke Philips NV
5. Canon Medical Systems Corporation
6. Fonar Corporation
7. Siemens Healthineers
8. Shimadzu Corporations
9. Neusoft Corporation
10. Hologic Inc
11. Other Prominent Players
Key Strategic Recommendations
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Country
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

Market Segmentation

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Frequently Asked Questions (FAQs):

1. What is the current Market size of Middle East and Africa MRI Systems Market by value?

Ans: Middle East and Africa MRI Systems Market size by value was estimated at USD 354.14 million in 2023.

2. What is the expected growth rate of the Middle East and Africa MRI Systems Market by value during the forecast period?

Ans: Middle East and Africa MRI Systems Market by value is expected to grow at a CAGR of 5.24% during the forecast period between 2024 and 2030.

3. What is the forecast value of the Middle East and Africa MRI Systems Market size by 2030?

Ans: Middle East and Africa MRI Systems Market size is forecast to reach a value of USD 533.42 million by 2030.

4. What are the major factors driving the growth of Middle East and Africa MRI Systems Market?

Ans: The growth of Middle East and Africa MRI Systems Market is primarily driven by rising cancer prevalence, demand for quick diagnostic procedures, advancements in MRI machines, and the growing geriatric population.

5. Which is the leading architecture segment in Middle East and Africa MRI Systems Market?

Ans: The closed MRI systems segment accounts for a larger market share in Middle East and Africa MRI Systems Market by architecture.

6. Name the key players in Middle East and Africa MRI Systems Market.

Ans: Key players in Middle East and Africa MRI Systems Market include Esaote SpA, GE Healthcare, FUJIFILM Corporation, Koninklijke Philips NV, Canon Medical Systems Corporation, Fonar Corporation, Siemens Healthineers, Shimadzu Corporations, Neusoft Corporation, Hologic Inc.

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