UAE Magnetic Resonance Imaging Coils Market Size & Outlook
UAE magnetic resonance imaging coils market, 2018-2030 (US$M)
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UAE magnetic resonance imaging coils market highlights
- The UAE magnetic resonance imaging coils market generated a revenue of USD 199.4 million in 2023 and is expected to reach USD 336.8 million by 2030.
- The UAE market is expected to grow at a CAGR of 7.8% 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 199.4 million |
| Market revenue in 2030 | USD 336.8 million |
| Growth rate | 7.8% (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, UAE accounted for 2.3% 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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UAE 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 59.93% in 2023. Horizon Databook has segmented the UAE magnetic resonance imaging coils market based on radiofrequency coil, gradient coil covering the revenue growth of each sub-segment from 2018 to 2030.
Growth of the MRI coils market in the UAE is being driven by factors, such as improving healthcare facilities and availability of medical insurance schemes. In line with this, in January 2019, the Dubai Health Authority (DHA) signed an agreement with Neuron for Saada health insurance program. This program covers health insurance for uninsured patients.
More than 100,000 Emirati nationals have already enrolled and benefitted from the Saada scheme. Moreover, healthcare spending in the United Arab Emirates was USD 18.2 billion in 2018 and projected to reach USD 21.3 billion by 2021, according to the World Bank. By 2026, it was predicted that total healthcare spending would represent 4.6% of the nation's GDP, up from 4.27% in 2018.
Apart from favorable reimbursement policies, increasing number of conferences with respect to diagnostic imaging being conducted in the country is expected to drive market growth during the forecast period.
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Our clientele includes a mix of magnetic resonance imaging coils market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE magnetic resonance imaging coils market , including forecasts for subscribers. This country databook contains high-level insights into UAE magnetic resonance imaging coils market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE magnetic resonance imaging coils market size, by type, 2018-2030 (US$M)
UAE Magnetic Resonance Imaging Coils Market Outlook Share, 2023 & 2030 (US$M)
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