Market revenue in 2023 | USD 41.1 million |
Market revenue in 2030 | USD 69.6 million |
Growth rate | 7.8% (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 87.59% in 2023. Horizon Databook has segmented the UAE mri contrast media agents market based on paramagnetic, superparamagnetic covering the revenue growth of each sub-segment from 2018 to 2030.
Growth of the MRI contrast media agents market in the UAE is being driven by improving healthcare facilities and availability of medical insurance schemes. In line with this, in January 2019, the Dubai Health Authority (DHA) signed an agreement with Neuron for the Saada health insurance program.
This program covers health insurance for uninsured patients. More than 100,000 Emirati nationals have already enrolled and benefitted from the Saada scheme. Moreover, healthcare spending in the UAE was USD 18.2 billion in 2018 and is projected to reach USD 21.3 billion by 2021, according to the World Bank.
By 2026, it was predicted that total healthcare spending would represent 4.6% of the nation's GDP, up from 4.27% in 2018. Apart from favorable reimbursement policies, increasing number of conferences with respect to diagnostic imaging being conducted in the country is expected to drive market growth during the forecast period.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE mri contrast media agents market , including forecasts for subscribers. This country databook contains high-level insights into UAE mri contrast media agents market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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