Saudi Arabia Magnetic Resonance Imaging Market to Grow with an Impressive CAGR until 2027
Increasing investment in
healthcare industry is driving the growth of the Saudi Arabia Magnetic
Resonance Imaging Market, in the forecast period, 2023-2027F.
According to TechSci report on, “Saudi
Arabia Magnetic
Resonance Imaging Market - By Region, Competition
Forecast & Opportunities, 2027”,
Saudi Arabia magnetic resonance imaging market
has shown promising growth in historical years until 2021 and is expected to
continue its growth in forecast years 2023 to 2027. Saudi Arabia magnetic
resonance imaging market owes its growth to the factors like surge in the
demand of diagnostic imaging techniques.
Rapidly
increasing demand for the early diagnosis of chronic diseases, spine lesions,
cancer cells, and tumors, etc. is further driving the growth of the Saudi
Arabia magnetic resonance imaging market in the upcoming five years. Surge in
the demand for the technologically advanced equipment and tools like MRI is
further supporting the growth of the Saudi Arabia magnetic resonance imaging
market in the next five years.
Also,
inclusions of techniques like PET or CT scans along with the magnetic resonance
imaging technology is further aiding the growth of the Saudi Arabia magnetic
resonance imaging market in the future five years. Global players are actively
penetrating the Saudi Arabia healthcare industry to establish their brands in
the country is substantiating the growth of the Saudi Arabia magnetic resonance
imaging market in the forecast years, until 2027.
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market data Figures spread through 70
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imaging Market"
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The
Saudi Arabia magnetic resonance imaging market segmentation is based on field
strength, type, architecture, source, application, end user, competitional
landscape, and regional distribution. Based on field strength, the market is
segmented into High-Field MRI Systems (1.5t MRI Systems, 3t MRI Systems),
Low-To-Mid-Field MRI Systems (<1.5t), Very-High-Field MRI Systems (4t and
Above)).
High
field MRI systems are expected to dominate the market segment and register
highest revenue shares in the upcoming five years on the account of added
benefits of higher signal to noise ratio. Also, advantages of contrast to noise
ratio and spectral resolution for various applications is anticipated to
further support the growth of the sub-segment along with the growth of the
Saudi Arabia magnetic resonance imaging market in the next five years.
On
the basis of type, the market is divided between fixed and mobile type of
magnetic resonance imaging. Mobile MRI systems are expected to dominate the
market in the upcoming five years on the grounds of easier usage and compact
designing of the instrument. Moreover, installation of the mobile MRI system is
favorable for the ambulatory surgical centers and smaller imaging diagnostic
centers thereby supporting the growth of the mobile MRI system along with
influencing the growth of the Saudi Arabia magnetic resonance imaging market in
the next five years.
Fixed
type may register significant growth due to their utilizations in the general
hospitals and specialty hospitals where the demand is increasing due to rapidly
increasing patient counts, thereby also substantiating the growth of the Saudi
Arabia magnetic resonance imaging market in the forecast years.
Application
segment of the market is further segmented into brain and neurological,
oncology, spine and musculoskeletal, abdominal, cardiac, and others. Oncology
applications are anticipated to dominate the market segment and register
largest revenue shares of the market in the upcoming five years on the grounds
of increasing instances of cancer and rapidly increasing radiation therapy for
the treatment of cancer.
A partial list of major market players of the Saudi Arabia magnetic
resonance imaging market includes:
·
GE
Healthcare
·
Philips
Healthcare Saudi Arabia
·
Siemens
Medical Solutions USA Inc.
·
Canon
Medical Systems USA, Inc.
·
Hitachi
Medical Systems America Inc.
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“Increasing demand for the
MRI equipment for various medical procedures is supporting the future market
growth. Saudi Arabia has one of best available healthcare facilities and is one
of the major economies that supports the growth of the Middle East & Africa
region in terms of healthcare sector. Increasing demand for the magnetic
resonance imaging techniques for the identification of severe conditions like
cancer are further supporting the growth of the Saudi Arabia magnetic resonance
imaging market in the upcoming five years. Tumors and cancer disease is adversely
affecting thew population of the country thereby surging the demand and thus
the growth of the market in the next five years,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Saudi Arabia Magnetic
Resonance Imaging Market By Field Strength (High-Field MRI Systems (1.5t MRI
Systems, 3t MRI Systems), Low-To-Mid-Field MRI Systems (<1.5t),
Very-High-Field MRI Systems (4t and Above)), By Type (Fixed, Mobile), By
Architecture (Closed MRI Systems and Open MRI Systems), By Source (Domestic v/s
Import), By Application (Brain and Neurological, Oncology, Spine and
Musculoskeletal, Abdominal, Cardiac, Others), By End User (Hospitals, Imaging
Centers, Ambulatory Surgical Centers, Others), By Region, Competition Forecast
& Opportunities, 2027” has
evaluated the future growth potential of Saudi Arabia magnetic resonance
imaging market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
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 magnetic
resonance imaging market.
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