South Africa Medical Imaging Market Size & Outlook
South Africa medical imaging market, 2018-2030 (US$M)
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South Africa medical imaging market highlights
- The South Africa medical imaging market generated a revenue of USD 454.3 million in 2023 and is expected to reach USD 615.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.4% 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 454.3 million |
| Market revenue in 2030 | USD 615.6 million |
| Growth rate | 4.4% (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, South Africa accounted for 1.1% 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 |
|---|
South 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 33.92% in 2023. Horizon Databook has segmented the South 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 economic development of South Africa and presence of high unmet healthcare needs are some of the primary growth drivers of the market. The expected growth in healthcare spending and increased demand for advanced healthcare treatments are anticipated to boost the market during the forecast period.
The growing prevalence of cancer in the country is expected to boost the demand for medical imaging systems over the forecast period. The presence of a genetically diverse population and rise in the incidence of diseases prevalent in the West, such as hypertension and heart diseases, create the need for ultrasound scanning.
According to a report by the South African Medical Research Council published in March 2021, the country is well-positioned to expand its medical device manufacturing. However, barriers, such as low R&D investments and fragmented industry, are limiting the market growth in the country.
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Our clientele includes a mix of medical imaging 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 South Africa medical imaging market , including forecasts for subscribers. This country databook contains high-level insights into South Africa medical imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa medical imaging market size, by technology, 2018-2030 (US$M)
South Africa Medical Imaging Market Outlook Share, 2023 & 2030 (US$M)
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