Saudi Arabia Medical Imaging Market Size & Outlook
Saudi Arabia medical imaging market, 2018-2030 (US$M)
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Saudi Arabia medical imaging market highlights
- The Saudi Arabia medical imaging market generated a revenue of USD 342.4 million in 2023 and is expected to reach USD 475.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.8% 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 342.4 million |
| Market revenue in 2030 | USD 475.1 million |
| Growth rate | 4.8% (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, Saudi Arabia accounted for 0.9% 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 |
|---|
Saudi Arabia 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 30.75% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Technological innovation is a key factor driving changes in the healthcare industry in the country at a significant rate. The country is focusing on the digitalization of healthcare by leveraging innovative technologies, such as AI, big data, and cloud computing.
There are currently 150 health-tech startups in the country. Such advancements are resulting in shorter hospital stays and a rise in the number of surgical procedures, which, in turn, is driving the demand for medical imaging devices.
Moreover, major global players are opting for regulatory clearance to launch their products to cater to the growing demand for medical imaging devices in the country. The Saudi Arabian government has been actively supporting R&D in the medical device sector.
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Our clientele includes a mix of medical imaging market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia medical imaging market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medical imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia medical imaging market size, by technology, 2018-2030 (US$M)
Saudi Arabia Medical Imaging Market Outlook Share, 2023 & 2030 (US$M)
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