Kuwait Medical Imaging Market Size & Outlook, 2023-2030
Kuwait medical imaging market, 2018-2030 (US$M)
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Kuwait medical imaging market highlights
- The Kuwait medical imaging market generated a revenue of USD 137.9 million in 2023 and is expected to reach USD 182.0 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, ultrasound was the largest revenue generating technology in 2023.
- Computed Tomography is the most lucrative technology segment registering the fastest growth during the forecast period.
Medical imaging market data book summary
| Market revenue in 2023 | USD 137.9 million |
| Market revenue in 2030 | USD 182.0 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasound |
| Fastest growing segment | Computed Tomography |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | X-ray, Magnetic Resonance Imaging, Ultrasound, Computed Tomography, Nuclear Imaging |
| Key market players worldwide | GE Aerospace, Koninklijke Philips NV, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, FUJIFILM Holdings Corp, Carestream Health - HCIS business, Hitachi Ltd, Samsung Electronics Co Ltd, Koning, PerkinElmer, Konica Minolta Inc, Esaote, Hologic Inc, Varex Imaging Corp |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.3% of the global medical imaging 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 medical imaging 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 475.1 million by 2030.
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Medical Imaging Market Scope
Medical Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait medical imaging 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 imaging market will help companies and investors design strategic landscapes.
Ultrasound was the largest segment with a revenue share of 32.49% in 2023. Horizon Databook has segmented the Kuwait medical imaging market based on x-ray, magnetic resonance imaging, ultrasound, computed tomography, nuclear imaging covering the revenue growth of each sub-segment from 2018 to 2030.
Kuwait represents a favorable investment outlook, with the country focusing on investments in the private sector. Moreover, the country offers medical imaging devices at subsidized rates in the public sector, owing to the plans of Kuwait’s Ministry of Health.
This is expected to drive the demand for the medical imaging market and provide significant growth opportunities for players in the country. Hence, major companies are launching their products in the country by collaborating with the local government. Thus, favorable medical insurance and rapid adoption of advanced imaging are expected to drive market growth during the forecast period.
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Target buyers of Kuwait medical imaging market databook
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Our clientele includes a mix of medical imaging 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 country-level data and insights on the Kuwait medical imaging market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait medical imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait medical imaging market size, by technology, 2018-2030 (US$M)
Kuwait Medical Imaging Market Outlook Share, 2023 & 2030 (US$M)
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