Middle East & Africa Magnetic Resonance Imaging Coils Market Size & Outlook
Middle East & Africa magnetic resonance imaging coils market, 2018-2030 (US$M)
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MEA magnetic resonance imaging coils market highlights
- The MEA magnetic resonance imaging coils market generated a revenue of USD 1,053.4 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, radiofrequency coil was the largest revenue generating type in 2023.
- Radiofrequency Coil is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,053.4 million |
| Market revenue in 2030 | USD 1,751.9 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | Radiofrequency coil |
| Fastest growing segment | Radiofrequency Coil |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Radiofrequency Coil, Gradient Coil |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Koninklijke Philips NV, Siemens Healthineers AG ADR, Canon Inc, Esaote, Bruker Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 12.0% of the global magnetic resonance imaging coils market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,512.1 million by 2030.
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Magnetic Resonance Imaging Coils Market Scope
Magnetic Resonance Imaging Coils Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa magnetic resonance imaging coils 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 magnetic resonance imaging coils market will help companies and investors design strategic landscapes.
Radiofrequency coil was the largest segment with a revenue share of 59.94% in 2023. Horizon Databook has segmented the Middle East & Africa magnetic resonance imaging coils market based on radiofrequency coil, gradient coil covering the revenue growth of each sub-segment from 2018 to 2030.
Middle Eastern countries, such as Saudi Arabia, are prospering economies and rapidly growing. Increasing patient pool, coupled with rising awareness about ophthalmic treatments, is contributing to market growth in this region.
Growing health insurance penetration, increasing privatization, and rising regional disease burden are also factors responsible for market growth. Advancements in the healthcare system are expected to increase product demand in this region.
Varying socioeconomic conditions and political developments across the Middle East are entirely conceivable for companies to find opportunities for R&D in the healthcare industry. Rising population suffering from diabetes, obesity, and cardiovascular disorder is expected to boost the region’s MRI coils market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa magnetic resonance imaging coils market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa magnetic resonance imaging coils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA magnetic resonance imaging coils market size, by country, 2018-2030 (US$M)
Middle East & Africa Magnetic Resonance Imaging Coils Market Outlook Share, 2023 & 2030 (US$M)
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