Middle East & Africa Near Infrared Imaging Market Size & Outlook
Middle East & Africa near infrared imaging market, 2018-2030 (US$M)
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MEA near infrared imaging market highlights
- The MEA near infrared imaging market generated a revenue of USD 51.3 million in 2023.
- The market is expected to grow at a CAGR of 2.2% from 2024 to 2030.
- In terms of segment, reagents was the largest revenue generating product in 2023.
- Reagents is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 51.3 million |
| Market revenue in 2030 | USD 59.8 million |
| Growth rate | 2.2% (CAGR from 2023 to 2030) |
| Largest segment | Reagents |
| Fastest growing segment | Reagents |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Devices, Reagents |
| Key market players worldwide | Stryker Corp, Olympus Corp, Hamamatsu Photonics KK, Shimadzu Corp, Medtronic PLC, Carl Zeiss Meditec AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.4% of the global near infrared imaging market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 659.7 million by 2030.
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Near Infrared Imaging Market Scope
Near Infrared Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa near infrared 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 near infrared imaging market will help companies and investors design strategic landscapes.
Reagents was the largest segment with a revenue share of 54.78% in 2023. Horizon Databook has segmented the Middle East & Africa near infrared imaging market based on devices, reagents covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East and Africa market is expected to grow considerably over the forecast period. The countries with significant growth rate in this region are South Africa, Saudi Arabia, UAE, and Egypt. Factors that can be attributed to the growth of MEA near infrared imaging market are growing geriatric population and increasing number of surgeries.
With increasing government initiatives to develop healthcare infrastructure, the region is expected to witness a rise in number of surgeries, leading to an increase in demand for near infrared imaging for deep tissue penetration.
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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Our clientele includes a mix of near infrared imaging market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa near infrared imaging market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa near infrared imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA near infrared imaging market size, by country, 2018-2030 (US$M)
Middle East & Africa Near Infrared Imaging Market Outlook Share, 2023 & 2030 (US$M)
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