Middle East & Africa Medical Image Analysis Software Market Size & Outlook
Middle East & Africa medical image analysis software market, 2018-2030 (US$M)
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MEA medical image analysis software market highlights
- The MEA medical image analysis software market generated a revenue of USD 143.7 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, integrated was the largest revenue generating type in 2023.
- Stand Alone 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 143.7 million |
| Market revenue in 2030 | USD 223.4 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Integrated |
| Fastest growing segment | Stand Alone |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Integrated, Stand Alone |
| Key market players worldwide | Koninklijke Philips NV, Agfa-Gevaert NV, Canon Inc, GE HealthCare Technologies Inc Common Stock, Bruker Corp, Siemens Healthineers AG ADR, Esaote, Neusoft Medical Systems |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.4% of the global medical image analysis software 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 1,383.5 million by 2030.
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Medical Image Analysis Software Market Scope
Medical Image Analysis Software Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa medical image analysis software 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 medical image analysis software market will help companies and investors design strategic landscapes.
Integrated was the largest segment with a revenue share of 54.14% in 2023. Horizon Databook has segmented the Middle East & Africa medical image analysis software market based on integrated, stand alone covering the revenue growth of each sub-segment from 2018 to 2030.
Growth in factors such as the adoption of unhealthy lifestyle choices and the aging population is driving the demand for new technologies in medical imaging analysis, especially in early and effective diagnosis of diseases.
The demand for new & advanced solutions, along with collaborations between international players and governments, has bolstered investments in the market. For instance, in July 2019, Phillips partnered with the King Hussein Cancer Center in the Middle East.
This partnership goal was to sell a number of CT scanners and MRI machines to oncology centers in the Middle East. Growing demand for these solutions presents significant growth prospects for medical imaging analysis software companies and, in turn, is expected to boost the market. The MEA market is expected to grow at a faster rate during the forecast period.
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Target buyers of Middle East & Africa medical image analysis software market databook
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Our clientele includes a mix of medical image analysis software 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa medical image analysis software market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa medical image analysis software market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA medical image analysis software market size, by country, 2018-2030 (US$M)
Middle East & Africa Medical Image Analysis Software Market Outlook Share, 2023 & 2030 (US$M)
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