Press Release

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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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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