Saudi Arabia Mri Contrast Media Agents Market Size & Outlook

The mri contrast media agents market in Saudi Arabia is expected to reach a projected revenue of US$ 74.6 million by 2030. A compound annual growth rate of 8.2% is expected of Saudi Arabia mri contrast media agents market from 2024 to 2030.
Revenue, 2023 (US$M)
$42.9
Forecast, 2030 (US$M)
$74.6
CAGR, 2024 - 2030
8.2%
Report Coverage
Saudi Arabia

Saudi Arabia mri contrast media agents market, 2018-2030 (US$M)

Saudi

Saudi Arabia mri contrast media agents market highlights

  • The Saudi Arabia mri contrast media agents market generated a revenue of USD 42.9 million in 2023 and is expected to reach USD 74.6 million by 2030.
  • The Saudi Arabia market is expected to grow at a CAGR of 8.2% 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.


Mri contrast media agents market data book summary

Market revenue in 2023USD 42.9 million
Market revenue in 2030USD 74.6 million
Growth rate8.2% (CAGR from 2023 to 2030)
Largest segmentParamagnetic
Fastest growing segmentParamagnetic
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationParamagnetic, Superparamagnetic
Key market players worldwideGE HealthCare Technologies Inc Common Stock, Bayer AG, Guerbet, Bracco, Miltenyi Biotec


Other key industry trends

  • In terms of revenue, Saudi Arabia accounted for 2.0% of the global mri contrast media agents market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Middle East & Africa, Saudi Arabia mri contrast media agents market is projected to lead the regional market in terms of revenue in 2030.
  • Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 30.4 million by 2030.

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MRI Contrast Media Agents Market Companies

Name Profile # Employees HQ Website

Saudi Arabia 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 87.65% 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.

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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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Saudi Arabia mri contrast media agents market size, by product, 2018-2030 (US$M)

Saudi Arabia MRI Contrast Media Agents Market Outlook Share, 2023 & 2030 (US$M)

Saudi Arabia mri contrast media agents market size, by product, 2018-2030 (US$M)

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