Middle East & Africa Teleradiology Market Size & Outlook
Middle East & Africa teleradiology market, 2018-2030 (US$M)
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MEA teleradiology market highlights
- The MEA teleradiology market generated a revenue of USD 579.3 million in 2023.
- The market is expected to grow at a CAGR of 25.7% from 2024 to 2030.
- In terms of segment, ultrasound was the largest revenue generating product in 2023.
- Computed Tomography is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 579.3 million |
| Market revenue in 2030 | USD 2,873.8 million |
| Growth rate | 25.7% (CAGR from 2023 to 2030) |
| Largest segment | Ultrasound |
| Fastest growing segment | Computed Tomography |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Computed Tomography, Ultrasound, X-ray, Nuclear Imaging, Magnetic Resonance Imaging |
| Key market players worldwide | Pediatrix Medical Group Inc, Agfa-Gevaert NV, Everlight Electronics, Evidian, Nano X Imaging Ltd Ordinary Shares, Koninklijke Philips NV, Matrix Pack |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.6% of the global teleradiology 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 15,552.7 million by 2030.
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Teleradiology Market Scope
Teleradiology Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa teleradiology 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 teleradiology market will help companies and investors design strategic landscapes.
Ultrasound was the largest segment with a revenue share of 27.05% in 2023. Horizon Databook has segmented the Middle East & Africa teleradiology market based on computed tomography, ultrasound, x-ray, nuclear imaging, magnetic resonance imaging covering the revenue growth of each sub-segment from 2018 to 2030.
The MEA includes South Africa, Saudi Arabia, UAE, Kuwait, and Israel. Huge disease burden, increase in the penetration of health insurance, and rise in privatization are among the key factors contributing to the market growth in MEA countries. Moreover, easy availability of medical imaging at an affordable cost is expected to contribute to the adoption of teleradiology.
In addition, presence of local teleradiology service providers and growing initiatives by the government in countries, such as South Africa, Saudi Arabia, and the UAE, to increase development & usage of teleradiology are among factors expected to contribute to the overall market growth in MEA.
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Target buyers of Middle East & Africa teleradiology market databook
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Our clientele includes a mix of teleradiology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa teleradiology market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa teleradiology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA teleradiology market size, by country, 2018-2030 (US$M)
Middle East & Africa Teleradiology Market Outlook Share, 2023 & 2030 (US$M)
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