Market revenue in 2023 | USD 42.9 million |
Market revenue in 2030 | USD 74.6 million |
Growth rate | 8.2% (CAGR from 2023 to 2030) |
Largest segment | Paramagnetic |
Fastest growing segment | Paramagnetic |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 |
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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 87.65% in 2023. Horizon Databook has segmented the Saudi Arabia mri contrast media agents market based on paramagnetic, superparamagnetic covering the revenue growth of each sub-segment from 2018 to 2030.
The Ministry of Health (MOH) is the main organization responsible for maintaining healthcare services in Saudi Arabia. Healthcare insurance is provided by both government and private entities. With the increasing incidence of obesity, blood pressure, diabetes, cancer, and other lifestyle disorders, the burden of chronic diseases in the country is rising.
According to the International Agency for Research on Cancer, in 2020, about 27,885 new cancer cases were diagnosed in Saudi Arabia, which is expected to reach 82,640 by 2025. Such an increase in prevalence is likely to boost the country’s MRI contrast media agents market over the forecast period.
Moreover, high rate of urbanization in some parts of Mecca, Riyadh, and the Eastern Province is creating huge growth opportunities for market players. Thus, urbanization and increasing prevalence of chronic diseases are expected to drive the growth of the MRI contrast media agents market in Saudi Arabia during the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia mri contrast media agents market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia mri contrast media agents market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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