Saudi Arabia Contrast Media Market Size & Outlook
Saudi Arabia contrast media market, 2018-2030 (US$M)
Related Markets
Saudi Arabia contrast media market highlights
- The Saudi Arabia contrast media market generated a revenue of USD 83.8 million in 2023 and is expected to reach USD 149.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, x-ray/computed tomography was the largest revenue generating modality in 2023.
- Magnetic Resonance Imaging is the most lucrative modality segment registering the fastest growth during the forecast period.
Contrast media market data book summary
| Market revenue in 2023 | USD 83.8 million |
| Market revenue in 2030 | USD 149.3 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | X-ray/computed tomography |
| Fastest growing segment | Magnetic Resonance Imaging |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ultrasound, Magnetic Resonance Imaging, X-ray/Computed Tomography |
| Key market players worldwide | Bayer AG, GE Aerospace, Guerbet, Bracco, Lantheus Holdings Inc, Imax Corp, Nano Therapeutics, Trivitron Healthcare |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.3% of the global contrast media market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa contrast media market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 73.0 million by 2030.
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Contrast Media Market Scope
Contrast Media Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia contrast media market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to contrast media market will help companies and investors design strategic landscapes.
X-ray/computed tomography was the largest segment with a revenue share of 69.69% in 2023. Horizon Databook has segmented the Saudi Arabia contrast media market based on ultrasound, magnetic resonance imaging, x-ray/computed tomography covering the revenue growth of each sub-segment from 2018 to 2030.
The Ministry of Health (MOH) is the main organization responsible for maintaining healthcare services in Saudi Arabia. Healthcare insurance is provided by both government and private entities. With the increasing incidence of obesity, blood pressure, diabetes, cancer, and other lifestyle disorders, the burden of chronic diseases in the country is rising.
According to the International Agency for Research on Cancer, in 2020, about 27,885 new cancer cases were diagnosed in Saudi Arabia, which is expected to reach 82,640 by 2025. Such an increase in prevalence is likely to boost the country’s contrast media market over the forecast period.
Moreover, high rate of urbanization in some parts of Mecca, Riyadh, and the Eastern Province is creating huge growth opportunities for market players. Thus, urbanization and increasing prevalence of chronic diseases are expected to drive the growth of the contrast media market in Saudi Arabia during the forecast period.
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Our clientele includes a mix of contrast media market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia contrast media market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia contrast media market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia contrast media market size, by modality, 2018-2030 (US$M)
Saudi Arabia Contrast Media Market Outlook Share, 2023 & 2030 (US$M)
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