Middle East & Africa Optical Imaging Systems Market Size & Outlook
Middle East & Africa optical imaging systems market, 2018-2030 (US$M)
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MEA optical imaging systems market highlights
- The MEA optical imaging systems market generated a revenue of USD 96.9 million in 2023.
- The market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, optical coherence tomography was the largest revenue generating technology in 2023.
- Photoacoustic Tomography is the most lucrative technology 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 96.9 million |
| Market revenue in 2030 | USD 169.7 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Optical coherence tomography |
| Fastest growing segment | Photoacoustic Tomography |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Photoacoustic Tomography, Optical Coherence Tomography, Hyperspectral Imaging, Near-Infrared Spectroscopy |
| Key market players worldwide | Abbott Laboratories, PerkinElmer, Carl Zeiss Meditec AG, Koninklijke Philips NV, Topcon Corp, Canon Inc, Danaher Corp, Optovue, Arsenal Capital Partners, Heidelberger Druckmaschinen AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.4% of the global optical imaging systems 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 1,498.9 million by 2030.
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Optical Imaging Systems Market Scope
Optical Imaging Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa optical imaging systems 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 optical imaging systems market will help companies and investors design strategic landscapes.
Optical coherence tomography was the largest segment with a revenue share of 62.44% in 2023. Horizon Databook has segmented the Middle East & Africa optical imaging systems market based on photoacoustic tomography, optical coherence tomography, hyperspectral imaging, near-infrared spectroscopy covering the revenue growth of each sub-segment from 2018 to 2030.
The higher spending capacity of the Middle Eastern countries, such as the United Arab Emirates and Saudi Arabia, creates demand for high-end optical imaging systems. Presently, the limited availability of skilled professionals capable of operating high-end optical imaging systems effectively is resulting in a lower market share of the region.
Moreover, majority of patients based in the MEA travel abroad for advanced treatments, which hinders growth of optical imaging systems market in the region. Therefore, with a gradual increase in awareness and availability of healthcare professionals capable of performing procedures using optical imaging systems, the MEA optical imaging systems market is expected to experience a lucrative growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa optical imaging systems market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa optical imaging systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA optical imaging systems market size, by country, 2018-2030 (US$M)
Middle East & Africa Optical Imaging Systems Market Outlook Share, 2023 & 2030 (US$M)
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