Saudi Arabia CT Scanners Market to grow with a CAGR of 5.67%
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the Saudi Arabia CT Scanners Market.
According
to TechSci Research report, “Saudi Arabia CT Scanners Market Industry Size,
Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Saudi Arabia CT Scanners
Market has valued at USD 0.10 billion in 2022 and is anticipated to witness an
impressive growth in the forecast period with a CAGR of 5.67% through 2028. This can be due to collaborations and
partnerships among leading companies with a diverse approach to merge the
expertise of individual companies and to strengthen their position in the
market. Increased awareness and education drive the demand for CT (computed
tomography) scanners in the Saudi Arabia market. Improved awareness among
healthcare professionals and the public about the capabilities and benefits of
CT scanning can lead to increased referrals for diagnostic imaging. When
physicians and patients are more informed, they are more likely to consider CT
scans as part of the diagnostic process. Awareness campaigns and educational
initiatives can help healthcare providers and patients understand the
diagnostic capabilities of CT scanners. This includes their effectiveness in
detecting a wide range of medical conditions, from routine screenings to more
complex diagnostic imaging. Increased awareness often translates to a greater
emphasis on preventive healthcare and early diagnosis. Individuals who are
educated about the importance of early detection may be more inclined to
undergo regular check-ups, including diagnostic imaging with CT scanners, to
identify potential health issues at an early, more treatable stage. Public
awareness campaigns about specific health conditions and the availability of
screening programs that use CT scanners can boost participation. For example,
awareness about lung cancer screening programs using low-dose CT scans can
drive demand for these services. Collaborative efforts between healthcare
institutions, government bodies, and community organizations to raise awareness
about the importance of diagnostic imaging and regular health check-ups can
positively impact the demand for CT scanners.
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In February 2023, United
Imaging, a China-based firm, has entered into a partnership agreement with
I-ONE Nuclear Medicine & Oncology Center to collaborate on research
involving the first PET/MR uPMR 790 in the Gulf countries. I-ONE Nuclear
Medicine & Oncology Center, recognized as the inaugural research facility
of its kind in the western region of Saudi Arabia, will establish a research
academy in conjunction with United Imaging. The focus of their collaboration
will be on advanced PET/MR imaging, particularly in neuro and cardiac PET. The
partnership aims to explore clinical applications and provide education on the
benefits of artificial intelligence (AI), digital PET/MR, low-dose PET imaging,
early detection of small lesions, and the use of new tracers. Additionally, an
agreement was signed between United Imaging and My Doctor Medical Center at
Arab Health, a prominent private hospital in Qatar. The collaboration involves
the implementation of United Imaging's comprehensive solution suite,
encompassing high-end 1.5T MRI, cardiac CT, and digital X-ray. The two
organizations will jointly work on cutting-edge technologies such as fast MRI
imaging and low-dose CT imaging. Market
competition is a challenge that can impact various aspects of the Saudi Arabia
CT Scanners Market. A highly competitive market can lead to challenges such as
price wars and aggressive marketing strategies. This competition may affect
profit margins for manufacturers and distributors of CT scanners. If there are
numerous vendors and manufacturers offering CT scanners in the market, it can
lead to vendor overcrowding. This can make it challenging for healthcare
facilities to choose the most suitable and cost-effective solution. Continuous
advancements in CT scanner technology may lead to a rapid product lifecycle.
Keeping up with the latest technological features and innovations can be a
challenge for both manufacturers and healthcare providers. In a competitive
market, there may be pressure on vendors to lower prices to attract customers.
While this can benefit healthcare facilities, it may impact the profit margins
of CT scanner manufacturers. Manufacturers and vendors may face challenges in
differentiating their products from competitors. The lack of clear
differentiation can make it difficult for healthcare providers to make informed
decisions based on unique features or benefits.
Saudi Arabia CT Scanners Market is segmented based
on Type, Slice, Device
Architecture, Application, End Users, and by region. Based on the Slice, Saudi Arabia CT Scanners Market
is segmented into 8-slice, 16-slice, 32-slice, 64-slice, 128-Slice & above.
A 64-slice CT scanner is a type of computed tomography (CT) imaging equipment
that is equipped with 64 detector rows, allowing for the simultaneous
acquisition of 64 slices or images of the body in a single rotation. This
technology represents a significant advancement over earlier CT scanners with
fewer detector rows and offers improved imaging capabilities. The presence of 64 detector rows enables
faster data acquisition. This high-speed imaging capability is particularly
beneficial for capturing detailed images of moving organs, such as the heart,
and for reducing motion artifacts. More detector rows mean that the CT scanner
can produce images with higher spatial resolution. This allows for clearer
visualization of small structures and improved diagnostic accuracy.
Based on Region, Northern &
Central region held the largest share
in the Saudi Arabia CT Scanners Market. The presence of major
educational and research institutions in these regions might contribute to a
higher adoption rate of advanced medical technologies. These institutions often
serve as early adopters of cutting-edge medical equipment. Government
healthcare policies and initiatives may focus on enhancing medical services in
specific regions. If there are targeted efforts to improve healthcare
infrastructure in the Northern and Central regions, this could result in a
higher concentration of advanced medical equipment. The availability and accessibility
of technology providers and vendors in these regions may facilitate easier
acquisition and maintenance of advanced medical equipment.
Some of the major companies
operating in the Saudi Arabia CT
Scanners Market include:
- GE
Healthcare
- Philips
Healthcare Saudi Arabia
- Medtronic
Saudi Arabia
- Siemens
Medical Solutions Saudi Arabia
- Canon
Medical Systems Saudi Arabia
- Fujifilm
Saudi Arabia
- Hitachi
Medical Systems Saudi Arabia
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“Certain areas, particularly in North America, are
projected to exert significant demand for CT Scanners. The growth in the
competitive landscape and the presence of well-established companies in the
market, committed to enhance the overall wellbeing of people each year, are
expected to contribute to a remarkable growth of the Saudi Arabia CT Scanners
Market in the forecast period," said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based Global management consulting firm.
Saudi Arabia CT Scanners Market by Slice
(8-slice, 16-slice, 32-slice, 64-slice, 128-Slice & above), By Modality
(Fixed, Mobile), By Device Architecture (0-arm, C-arm), By Application
(Cardiology, Oncology, Neurology, Others), By End Users (Hospitals, Diagnostic
Centers, Others), By Region, By Competition Forecast &
Opportunities, 2018-2028F has
evaluated the future growth potential of Saudi Arabia CT Scanners Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide innovative market intelligence and
help decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Saudi Arabia CT Scanners Market.
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