Middle East & Africa Medical Imaging Market Size & Outlook
Middle East & Africa medical imaging market, 2018-2030 (US$M)
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MEA medical imaging market highlights
- The MEA medical imaging market generated a revenue of USD 1,814.2 million in 2023.
- The market is expected to grow at a CAGR of 4.1% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,814.2 million |
| Market revenue in 2030 | USD 2,405.7 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasound |
| Fastest growing segment | Computed Tomography |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 4.6% of the global medical imaging 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 12,526.7 million by 2030.
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Medical Imaging Market Scope
Medical Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa 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 32.58% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
The higher spending capacity of Middle Eastern countries, such as the United Arab Emirates (UAE) and Saudi Arabia, is creating increased demand for high-end medical imaging devices. Presently, the region's market share in the global medical imaging industry is decreasing due to a scarcity of experienced specialists capable of operating high-end ultrasound systems.
Government initiatives, such as training programs for medical staff, are expected to increase adoption of medical imaging devices in the region. For instance, in 2019, Dubai Health Authority (DHA) conducted an annual medical conference, where doctors and paramedics in Dubai received training in portable ultrasound equipment.
Key players are investing and expanding their businesses in the region, boosting regional market growth. In October 2019, Canon Medical Systems Corporation announced the opening of Canon Middle East in Dubai, UAE.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa medical imaging market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa medical imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA medical imaging market size, by country, 2018-2030 (US$M)
Middle East & Africa Medical Imaging Market Outlook Share, 2023 & 2030 (US$M)
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