Middle East and Africa MRI Scanner Market – Industry Trends and Forecast to 2030

Middle East and Africa MRI Scanner Market Analysis and Size

The MRI scanner has a technique which is majorly used as radiology to capture the images of the anatomy and the physiological processes of the patient body. The MRI scanner are used to detect brain tumours, multiple sclerosis, stroke, traumatic brain injury, developmental anomalies, dementia, infection and the causes of headache diseases. The procedure of MRI Scanner is a type of non-invasive diagnostic test which is used to diagnose wide range of medical conditions. The medical imaging technology is a type of process which is used to generate various body parts images in order to provide better treatment and diagnostic within digital health. The field of medical imaging technology is continued to be enhanced with the latest intelligence techniques.                               

Data Bridge Market Research analyzes that the MRI scanner market, which was USD 552.67million in 2022, would rocket up to USD 14969.31million by 2030, and is expected to undergo a CAGR of 2.71% during the forecast period. This indicates that the “Portable segment” of the type segment is dominating the market owing to the advancements in technology. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Market Definition

An MRI scanner, also known as Magnetic Resonance Imaging scanner, is a medical device used to create detailed images of the internal structures of the body using strong magnetic fields and radio waves. It provides valuable information for diagnosing and monitoring various medical conditions, including tumors, injuries, and diseases. MRI scanners are non-invasive and do not use ionizing radiation, making them a safer alternative to other imaging techniques. These scanners are commonly used in hospitals, clinics, and research facilities, and their advanced technology allows for high-resolution imaging of different body parts, such as the brain, spine, joints, and organs.

MRI Scanner Market Dynamics

Drivers

• Rising geriatric population

The increasing geriatric population is one of the important drivers for boosting the demand of the MRI scanner machine because geriatric people are more prone to various type of diseases and MRI scanners are used to detect such type of diseases such as brain tumours, multiple sclerosis, stroke, traumatic brain injury, developmental anomalies, dementia, and the causes of headache.

The rapid growth in the elderly population brings in a greater chance of health issues as they are more prone to various types of health disorders. The statistics show that one in 10 people who undergo with surgery are 65 or older and in which surgical procedures such as cardiology, pelvic and abdominal, oncology, mammography, gynaecology, urology, brain and neurological, musculoskeletal, and dental among others MRI scanners are used to detect the diseases with real-time high quality based images, due to which rising geriatric population is propelling the demand of the market.

• Increasing prevalence of chronic diseases

Chronic diseases affect a huge number of people across the world, and according to the World Health Organization (WHO), the burden of chronic diseases is rapidly increasing in the Middle East and Africa. The MRI imaging procedure is a powerful diagnostic method which is supporting robust measurements of crucial markers of cardiac structure and function, scar, and myocardial perfusion, also have high quality based MRI images provide detailed insight into single tissues, which helps the healthcare professionals to diagnose the patients with suitable and accurate treatment, due to which the rising number of chronic diseases is propelling the demand of the MRI scanner market.

• Rising awareness of early disease diagnosis

Early treatment of various types of diseases has chances of identifying the symptoms as early as possible. Due to increasing cases of brain tumor and breast cancer and awareness regarding the treatment has led the healthcare professionals to get engaged in providing better treatment for fast recovery. MRI scanner procedure is the most common way to determine the type of brain tumor, also MRI procedure is a stable and best way to finding and pinpointing some cancers and to know their accurate place in the patient’s body, due to which rising awareness on early disease diagnosis is propelling the demand of the MRI scanner

Opportunities

• Strategic initiatives by market players

The demand for MRI scanners has boosted in the region as well as globally, due to the growth in the rise in various chronic diseases and the rise in geriatric population. These favourable factors accomplishing enhance the need for the early diagnosis through MRI scanner, and to accomplish the market demand, minor and major market players are utilizing various strategies.

• Technological advancements

Continuous advancements in MRI scanner technology present opportunities for improved imaging capabilities, faster scan times, and enhanced patient comfort. Innovations such as higher field strengths, more efficient gradients, and advanced imaging techniques like functional MRI (fMRI) and diffusion tensor imaging (DTI) allow for better diagnostic accuracy and expanded applications in various medical fields.

Restraints/Challenges

• High Cost

MRI scanners are expensive to acquire and maintain. The initial cost of purchasing an MRI scanner is significant, and the ongoing expenses related to maintenance, upgrades, and servicing can also be substantial. This high cost makes it challenging for healthcare facilities, especially those with limited budgets, to invest in MRI technology.

• Limited Accessibility

 MRI scanners require specialized infrastructure and facilities to operate effectively. This includes dedicated space, shielding, cooling systems, and power supply. Setting up these infrastructure requirements can be costly and time-consuming, limiting the accessibility of MRI scanners to certain healthcare facilities or regions with limited resources.

This MRI Scanner market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the MRI scanner market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Developments

• In June 2021, Siemens Healthineers introduced the MAGNETOM Free.Max, a high-field MRI scanner with a 0.55 Tesla magnet. It offers enhanced imaging capabilities and improved patient comfort
• In March 2022, Canon Medical Systems USA introduced the Vantage Elan 1.5T MRI scanner. This compact and versatile scanner offers a wide range of clinical applications and is designed to improve patient comfort and workflow efficiency
• In January 2022, Philips Healthcare unveiled its Ingenia Ambition X 1.5T MRI scanner. This scanner incorporates innovative features such as Compressed SENSE technology, which enables faster image acquisition without compromising image quality
• In September 2021, GE Healthcare announced the launch of its SIGNA Pioneer 3.0T MRI scanner. This scanner features advanced imaging capabilities, including AI-powered tools for faster and more accurate diagnoses
• In January 2022, Philips Healthcare unveiled its Ingenia Ambition X 1.5T MRI scanner. This scanner incorporates innovative features such as Compressed SENSE technology, which enables faster image acquisition without compromising image quality

Middle East and Africa MRI Scanner Market Scope

The MRI scanner market is segmented on the basis type, product, application, end user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Portable Type
• Desktop Type

Product

• Closed MRI Systems
• Open MRI Systems

Application

• Neurology
• Musculoskeletal
• Cardiology
• Oncology
• Pelvic and Abdominal
• Other Applications

End User

• Hospitals
• Clinic
• Ambulatory Surgical Centers
• Scientific Research
• Other

Distribution Channel

• Direct Tender
• Retail Sales

MRI Scanner Market Regional Analysis/Insights

The MRI scanner market is analyzed and market size insights and trends are provided country, type, product, application, end user and distribution channel as referenced above.

The countries covered in the MRI scanner market report are South Africa, Saudi Arabia, U.A.E., Israel, Egypt and Rest of Middle East and Africa.

Saudi Arabia dominates the MRI scanner market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to rise in prevalence of various chronic diseases and research and development in the technological advancements in the MRI scanners in the region further improves this market growth.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The MRI scanner market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for MRI scanner market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the MRI scanner market. The data is available for historic period 2010-2020.

Competitive Landscape and MRI Scanner Market Share Analysis

The MRI scanner market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to MRI scanner market.

Some of the major players operating in the MRI scanner market are:

• Siemens Healthineers (Germany)
•  GE Healthcare (U.S.)
• Philips Healthcare (Netherlands)
•  Canon Medical Systems  (Japan)
•  Hitachi Healthcare  (Japan)
•  Bruker Corporation (U.S.)
•  Esaote (Italy)
•  Hologic, Inc. (U.S.)
• Mindray Medical International Limited (China)
•  Samsung Medison (South Korea)
•  Neusoft Medical Systems (China)
•  United Imaging Healthcare (China)
•  Agilent Technologies (U.S.)
• Medtronic (Ireland)
•  Shimadzu Corporation (Japan)
• Xoran Technologies (U.S.)
• Time Medical Systems (China)
•  Aspect Imaging (Israel)
• AllTech Medical Systems (U.S.)

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