Report Overview

Saudi Arabia Diagnostic Imaging Market is flourishing owing to the growing number of elderly people and rising prevalence of associated disorders along with increasing demand for accurate diagnostic techniques as well as the favorable government policies supporting the restructuring of the healthcare industry...

Saudi Arabia Diagnostic Imaging Market - Industry Trends & Forecast Report 2028

Saudi Arabia Diagnostic Imaging Market is anticipated to grow at a CAGR of 9.2% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the rising need for enhanced optical pictures and point-of-care imaging systems for better illness and condition diagnosis. Also, the key reasons such as the rise in chronic disease prevalence and technological developments in medical imaging are anticipated to drive the market's expansion. Additionally, the increased R&D efforts in imaging technology and an increase in the number of product approvals are likely to boost the demand for diagnostic imaging. Furthermore, in Saudi Arabia, expanding multi-specialty hospitals and diagnostic facilities are also anticipated to contribute to the market's expansion during the forecast period (2022-2028).

Diagnostic Imaging - Overview

Medical imaging is a technique and a procedure that involves taking pictures of the inside of a person for clinical evaluation, medical intervention, and to show how certain organs or tissues are functioning. Medical imaging aims to identify and cure disease as well as disclose internal structures that are covered by the skin and bones. In order to detect abnormalities, medical imaging also creates a database of typical anatomy and physiology. Even though it is possible to image excised organs and tissues for medical purposes, pathology is typically thought of as the discipline that performs these treatments rather than medicine. More precisely, diagnostic imaging refers to numerous methods of looking into the body to ascertain a diagnosis and determine the origins of a sickness or injury. Additionally, physicians utilize it to assess how well a patient's body responds to fracture or sickness therapy.

Saudi Arabia Diagnostic Imaging Market Forecast and Trends

Growth Drivers

Growing Numbers of Elderly People and the Rising Prevalence of Related Disorders

An ageing population and an increase in the prevalence of associated diseases surge the demand for diagnostic imaging in healthcare sectors. Moreover, the risk of developing diseases rises in direct proportion to age. According to research, nearly 80% of elderly people in the country have at least one chronic condition. Furthermore, the ageing population will increase the demand for better healthcare facilities, advanced treatment options, and medication. As the geriatric population grows, the prevalence of age-related diseases such as Alzheimer's disease, Parkinson's disease, arthritis, and dementia, as well as cardiovascular diseases (CVDs) and cancer, is expected to rise. All these factors drive the growth of the Saudi Arabia Diagnostic Imaging Market during the forecast period (2022-2028).

Integration of Artificial Intelligence Technology

During the forecast period, the need for cutting-edge imaging modalities by teaching hospitals and universities to offer training for advanced technology is anticipated to expand significantly. Additionally, it is anticipated that the use of Artificial Intelligence (AI) to automate the process of image quantification and identification will accelerate market growth. AI is utilized as an optimizing tool to help technologists and radiologists select a customized patient's protocol, monitor the patient's dosage parameters, and provide an assessment of the radiation hazards. Moreover, the development of 3D MRI and CT scans also makes it possible for radiologists to examine scans fast, cutting down on analysis time and increasing efficacy. Additionally, illnesses that are invisible to the human eye are being diagnosed using computer vision. All these factors propel the growth of the Saudi Arabia Diagnostic Imaging Market during the forecast period (2022-2028).

Rising Investments and Technological Advancements

The overall market expansion is attributed to the increasing investments and technical improvements in the diagnostic imaging sector. The adoption of diagnostic imaging across nationwide markets is due to the rising healthcare costs and a population that is becoming more aware of the availability of advanced diagnostic instruments. In addition, it is anticipated that Saudi government investments in the creation of advanced healthcare infrastructure would increase demand for diagnostic imaging in developing regions. Moreover, new investments are attracted to the market for diagnostic imaging by the expansion of the digital health sector. Because they can be utilized for a wide range of applications and are simpler to use than conventional systems, the introduction of advanced medical imaging instruments and devices has gained appeal among healthcare professionals.

Restraints

Technology Restrictions

The market expansion of standalone computer-aided detection imaging modalities is significantly impacted by the technological constraints attached to them. For instance, MRI (magnetic resonance imaging) requires more time to scan big areas or provide images with high resolution, but position emission tomography (PET) has a lesser level of spatial resolution. Ultrasound systems have limited tissue depth penetration, a high operator dependence rate, and call for physical touch with the subject. There is a risk of radiation exposure for both doctors and patients when using SPECT and CT since they have low detection sensitivity and poor soft-tissue contrast, respectively. All these factors hinder the growth of the Saudi Arabia Diagnostic Imaging Market.

Impact of COVID-19 on Saudi Arabia Diagnostic Imaging Market

Since most hospitals were closed due to COVID-19 and the ongoing lockdowns in many nations, the COVID-19 epidemic had a negative effect on the growth of the medical/diagnostic imaging market. The significant decline in patients visits to the hospitals during the pandemic is the main factor hinder the growth of the market. Moreover, major public health problems were caused by the spread of COVID-19. To enhance hospital capacity and deliver better treatment, a significant number of clinics and hospitals across the country underwent restructuring. Furthermore, elective imaging services and ambulatory imaging temporarily decreased during the COVID-19 epidemic. In addition, various hospital and radiology department regulations regarding technician, PPE availability, and COVID-19 testing have been modified.

Saudi Arabia Diagnostic Imaging Market - By Technology

Based on the technology, the Saudi Arabia Diagnostic Imaging Market is segmented into X-ray Imaging Systems (Digital and Analog), Computed Tomography (CT) (Scanners, Conventional CT systems, Cone Beam CT Systems), Ultrasound Systems, (2D Ultrasound, 3D and 4D Ultrasound, Doppler Ultrasound), Nuclear Imaging Systems, Magnetic Resonance Imaging (MRI) Systems (Closed MRI, Open MRI), Hybrid PET Systems, SPECT Systems (Standalone SPECT Systems, Hybrid SPECT Systems), and Others. Among these, X-ray Imaging Systems comprising Digital accounts for the largest share in the Saudi Arabia Diagnostic Imaging Market. This id due to the growing number of injuries and accidents, a growing elderly population, among other factors, are surging the need for digital X-Ray imaging systems. Over the coming years, the market's expansion is also anticipated to be fueled by the rising demand for portable X-Ray equipment. Moreover, Computed Tomography (CT) comprising Scanners is expected to dominate the market owing to the extensive usage of CT scanners in the diagnosis of various cardiac conditions. Also, CT scanners provide detailed images of the body that are of a high-grade. Furthermore, the usage of CT scanners in the treatment of a variety of neurological illnesses is increasing rapidly, particularly in individuals for whom MRI is not an option. All these factors are predicted to be profitable potential for market expansion during the forecast period (2022-2028).

Saudi Arabia Diagnostic Imaging Market – By End-User

Based on by end-user, the Saudi Arabia Diagnostic Imaging Market is segmented into Hospitals, Clinics, Diagnostic Imaging Centers, and Others. Among these, the Diagnostic Imaging Centers segment holds the largest market share owing to its large usage in diagnostic imaging centers to perform various tests. A doctor is then able to take the results from the diagnostic tests and draw a conclusion from them. Moreover, a variety of machines and techniques such as X-rays, CT scanners, etc. can create pictures of the structures and activities inside patient’s body. All these factors boost the growth of the Saudi Arabia Diagnostic Imaging Market during the forecast period (2022-2028).

Saudi Arabia Diagnostic Imaging Market - By Application

Based on application, the Saudi Arabia Diagnostic Imaging Market is segmented into MRI Systems (Vascular, Spine & Musculoskeletal, Cardiac MRI, Brain & Neurological, and Others), X-ray Imaging Systems (General Radiography, Fluoroscopy, Others), Ultrasound Systems (Cardiology, Radiology/General Imaging, Vascular, Others), CT Scanners (Neurology, Cardiology, Others), Nuclear Imaging Systems (Neurology, Cardiology, Others) and Others. The CT Scanners comprising cardiology segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). This is owing to surge in prevalence of cardiovascular disease, rise in geriatric population, and upsurge in sedentary lifestyle. Moreover, the versatility and effectiveness of computed tomography equipment allow for their usage in a variety of applications. Since they help to clearly visualize the inside anatomy, CT instruments are thought to be the most efficient diagnostic tool and is widely used by various end-users. 

Competitive Landscape

The leading market players in the Saudi Arabia Diagnostic Imaging Market are Medtronic Saudi Arabia Co., Johnson & Johnson Medical Saudi Arabia Limited, GE Healthcare, Koninklijke Philips N.V., Abbott Saudi Arabia Trading LLC, Becton, Dickinson and Company Saudi Arabia, Esaote SpA, Hitachi Medical Corporation, Siemens Saudi Arabia, Shimadzu Middle East & Africa FZE, Fujifilm-Middle East, Baxter Company Limited, Canon Medical Middle East, and other prominent players

The Saudi Arabia Diagnostic Imaging Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

• The Kingdom of Saudi Arabia endorsed "Vision 2030" as a plan for advancing its economy and expanding its territory. As stated in "vision 2030," the Kingdom began a national transformation programme (NTP) in June 2016 to accomplish this. One of the eight NTP themes is the transformation of the health care system. To fulfil its "vision 2030" objective, the Kingdom wants to update the healthcare system.

Scope of the Report

By Technology

• X-ray Imaging Systems

1. Digital
2. Analog

• Computed Tomography (CT) Scanners

1. Conventional CT systems
2. Cone Beam CT Systems (CBCT)

• Ultrasound Systems

1. 2D Ultrasound
2. 3D and 4D Ultrasound
3. Doppler Ultrasound

• Nuclear Imaging Systems
• Magnetic Resonance Imaging (MRI) Systems

1. Closed MRI
2. Open MRI

• Hybrid PET Systems
• SPECT Systems

1. Standalone SPECT Systems
2. Hybrid SPECT Systems

• Others

By End-User

• Hospitals
• Clinics
• Diagnostic Imaging Centers
• Others

By Application

• MRI Systems

1. Vascular
2. Spine & Musculoskeletal
3. Cardiac MRI
4. Brain & Neurological
5. Others

• X-ray Imaging Systems

1. General Radiography
2. Fluoroscopy
3. Others

• Ultrasound Systems

1. Cardiology
2. Radiology/General Imaging
3. Vascular
4. Others

• CT Scanners

1. Neurology
2. Cardiology
3. Others

• Nuclear Imaging Systems

1. Neurology
2. Cardiology
3. Others

• Others