Middle East & Africa Mri Contrast Media Agents Market Size & Outlook
Middle East & Africa mri contrast media agents market, 2018-2030 (US$M)
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MEA mri contrast media agents market highlights
- The MEA mri contrast media agents market generated a revenue of USD 142.2 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, paramagnetic was the largest revenue generating product in 2023.
- Paramagnetic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 142.2 million |
| Market revenue in 2030 | USD 245.9 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Paramagnetic |
| Fastest growing segment | Paramagnetic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paramagnetic, Superparamagnetic |
| Key market players worldwide | GE HealthCare Technologies Inc Common Stock, Bayer AG, Guerbet, Bracco, Miltenyi Biotec |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.8% of the global mri contrast media agents market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 245.9 million by 2030.
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MRI Contrast Media Agents Market Scope
MRI Contrast Media Agents Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa mri contrast media agents 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 mri contrast media agents market will help companies and investors design strategic landscapes.
Paramagnetic was the largest segment with a revenue share of 87.62% in 2023. Horizon Databook has segmented the Middle East & Africa mri contrast media agents market based on paramagnetic, superparamagnetic covering the revenue growth of each sub-segment from 2018 to 2030.
Middle Eastern countries, such as Saudi Arabia, Qatar, and the United Arab Emirates (UAE), are prospering economies. Advancements in the region’s healthcare industry are expected to boost the demand for MRI systems and other imaging systems in this region.
On the other hand, some countries in the African region lack healthcare infrastructure. However, several of them are undertaking initiatives in coordination with WHO or other independent organizations, which is expected to propel market growth.
In addition, high regional disease burden, increase in penetration of health insurance, and growth in privatization are key factors contributing to market growth in several MEA countries. Furthermore, the availability of medical imaging at an affordable cost in the region is expected to contribute to the overall market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa mri contrast media agents market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa mri contrast media agents market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA mri contrast media agents market size, by country, 2018-2030 (US$M)
Middle East & Africa MRI Contrast Media Agents Market Outlook Share, 2023 & 2030 (US$M)
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