South Africa Magnetic Resonance Imaging Coils Market Size & Outlook
South Africa magnetic resonance imaging coils market, 2018-2030 (US$M)
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South Africa magnetic resonance imaging coils market highlights
- The South Africa magnetic resonance imaging coils market generated a revenue of USD 293.1 million in 2023 and is expected to reach USD 507.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 8.2% 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.
Magnetic resonance imaging coils market data book summary
| Market revenue in 2023 | USD 293.1 million |
| Market revenue in 2030 | USD 507.5 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Radiofrequency coil |
| Fastest growing segment | Radiofrequency Coil |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 3.3% of the global magnetic resonance imaging coils 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 magnetic resonance imaging coils market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 282.2 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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South 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 59.95% in 2023. Horizon Databook has segmented the South Africa magnetic resonance imaging coils market based on radiofrequency coil, gradient coil covering the revenue growth of each sub-segment from 2018 to 2030.
The government is undertaking initiatives to regulate the healthcare industry in South Africa. Number of nonprofit organizations is increasing in the country. The increasing healthcare spending and rising adoption of advanced healthcare facilities, such as ambulatory surgical centers, are major factors driving the market.
For instance, according to Statistics South Africa, in 2019/2020, healthcare spending was the 2nd largest, accounting for up to 33% of the expenditure. Such instances are expected to create opportunities in the South African market, owing to which, new players are expected to enter the market.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa magnetic resonance imaging coils market , including forecasts for subscribers. This country databook contains high-level insights into South Africa magnetic resonance imaging coils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa magnetic resonance imaging coils market size, by type, 2018-2030 (US$M)
South Africa Magnetic Resonance Imaging Coils Market Outlook Share, 2023 & 2030 (US$M)
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