Saudi Arabia magnetic resonance imaging market is bound to experience impressive growth with anticipated CAGR in the forecast period, 2023-2027, on the account of surge in the demand for the non-invasive methods of diagnosis of diseases. Increasing investment in the healthcare industry in the country is further driving the growth of the Saudi Arabia magnetic resonance imaging market in the upcoming five years.

Magnetic resonance imaging (MRI) is a medical imaging technique to identify physiological changes in the human body. It is a scientific method considered a part of radiology where medical equipment called MRI scanners are installed, and magnetic field is created around the human body in a controlled environment and physiological processes being carried out inside the human body is analyzed by studying the strong magnetic fields, magnetic field gradients, and radio waves. The magnetic field gradient and radio waves create an image of the organ analyzed and experts or radiographers can read these images and explain any abnormalities in the radio-images.

Early Diagnosis Demands Drive Market Growth

Rapidly increasing instances of chronic diseases like cancer, tumors, along with increasing cases of disorders like strokes, spine lesions etc. is driving the growth of the Saudi Arabia magnetic resonance imaging market in the upcoming five years. Also, surge in the demand for the equipment and devices to diagnose such conditions at the earliest to avoid severe circumstances such as death, and to provide timely treatment for the diseases, the demand for the MRI machines and procedures is increasing and thereby supporting the growth of the Saudi Arabia magnetic resonance imaging market in the next five years.

According to reports from MRI usage in Saudi Arabia, patient aging between 40 to 50 accounted for approximately 22% of the population undergoing MRI scans for various purposes like regular checkups, diagnosing the appearing symptoms, analyze the contemplation of any chronic disease growing inside the body.

Technological Advancement Drive Market Growth

Increasing research and product development is one of the major driving factors for the growth of the Saudi Arabia magnetic resonance imaging market in the upcoming five years. Moreover, increasing investments and financial aids from the government of the Kingdom of Saudi Arabia in the healthcare facilities and innovative product development is further anticipated to enhance technological advancement in the medical device manufacturing and process involvement like MRI and thereby support the growth of the Saudi Arabia magnetic resonance imaging (MRI) market in the future five years.


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Market Segmentation

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)). On the basis of type, the market is divided between fixed and mobile type of magnetic resonance imaging. Based on architecture, the market segmentation is also divided between closed MRI system and open MRI systems. On the basis of source, market is defined into domestic and imports. Application segment of the market is further segmented into brain and neurological, oncology, spine and musculoskeletal, abdominal, cardiac, and others. On the basis of end user, the market segment is bifurcated into hospitals, imaging centers, ambulatory surgical centers, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Western region, Northern & Central region, Eastern region, Southern region.

Company Profile

GE Healthcare, Philips Healthcare Saudi Arabia, Siemens Medical Solutions USA Inc., Canon Medical Systems USA, Inc., Hitachi Medical Systems America Inc., among others is a partial list of major market players of the companies responsible for the growth of Saudi Arabia magnetic resonance imaging market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

  • Field Strength
  • Type
  • Architecture
  • Source
  • Application
  • End User

Regional scope

Northern & Central Region, Southern Region, Eastern Region, Western Region.

Key companies profiled

GE Healthcare, Philips Healthcare Saudi Arabia, Siemens Medical Solutions USA Inc., Canon Medical Systems USA, Inc., Hitachi Medical Systems America Inc.,

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Saudi Arabia magnetic resonance imaging market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Magnetic Resonance Imaging Market, By Field Strength:

o   High-Field MRI Systems

o   1.5t MRI Systems

o   3t MRI Systems

o   Low-To-Mid-Field MRI Systems (<1.5t),

o   Very-High-Field MRI Systems (4t and Above)

  • Saudi Arabia Magnetic Resonance Imaging Market, By Type:
    • Fixed
    • Mobile
  • Saudi Arabia Magnetic Resonance Imaging Market, By Architecture:
    • Closed MRI Systems
    • Open MRI Systems
  • Saudi Arabia Magnetic Resonance Imaging Market, By Source:
    • Domestic
    • Import
  • Saudi Arabia Magnetic Resonance Imaging Market, By Application:
    • Brain and Neurological
    • Oncology
    • Spine and Musculoskeletal
    • Abdominal
    • Cardiac
    • Others
  • Saudi Arabia Magnetic Resonance Imaging Market, By End User:
    • Hospitals
    • Imaging Centers
    • Ambulatory Surgical Centers
    • Others
  • Saudi Arabia Magnetic Resonance Imaging Market, By Region:

o   Southern Region

o   Eastern Region

o   Western Region

o   Northern & Central region,

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia magnetic resonance imaging market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Frequently Asked Questions

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1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Saudi Arabia MRI Market

4.    Executive Summary

5.    Voice of Customers

6.    Saudi Arabia MRI Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     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))

6.2.2.     By Type (Fixed, Mobile)

6.2.3.     By Architecture (Closed MRI Systems and Open MRI Systems)

6.2.4.     By Source (Domestic v/s Import)

6.2.5.     By Application (Brain and Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac, Others)

6.2.6.     By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others)

6.2.7.     By Region

6.2.8.     By Company (2021)

6.3.  Product Market Map

7.    Saudi Arabia Fixed MRI Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Field Strength

7.2.2.     By Architecture

7.2.3.     By Application

7.2.4.     By End Users

8.    Saudi Arabia Mobile MRI Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Field Strength

8.2.2.     By Architecture

8.2.3.     By Application

8.2.4.     By End Users

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Import-Export Analysis

13.  Saudi Arabia Economic Profile

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles

14.2.1.  GE Healthcare

14.2.2.  Philips Healthcare Saudi Arabia

14.2.3.  Siemens Medical Solutions USA Inc.

14.2.4.  Canon Medical Systems USA, Inc.

14.2.5.  Hitachi Medical Systems America Inc.

15.  Strategic Recommendations

16.   About Us & Disclaimer

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