Saudi Arabia Magnetic Resonance Imaging Market stood at USD 100.14 million in 2021 and is expected to reach 140.77 million at a CAGR of 5.61% during the forecast period. The increasing prevalence of brain & neurological diseases such as traumatic brain injury, brain, and spinal cord tumors, brain damage associated with epilepsy, infection, and vascular irregularities is driving the demand for magnetic resonance imaging in the country. The rising cases of various types of cancer, with surgery being the most common method of operation, have elevated the demand for magnetic resonance imaging in Saudi Arabia as the repetitive diagnosis is performed to find the stage of the development and recovery of the ailment the patient is suffering. Increasing awareness of the usage of magnetic resonance imaging for varied diagnoses with increased effectiveness and reliability over the diagnosis is going to positively influence the growth of the market. Due to decreased demand for the technology as the lockdown implemented in entire country resulted in affecting accessibility of various facilities including the healthcare facilities which also counts the diagnostics sector to face downfall. This was mainly due to the decline in medical tourism resulting in downgrading of the market Also the pandemic caused disruption in the usage of the procedure, causing major disruption in the diagnostic services and usage of the technique for various diagnostics purposes.

Growing Prevalence of Brain and Neurological Diseases

The growing prevalence of various chronic diseases, such as cardiovascular diseases, cancer, renal disorders, and respiratory problems, among others, in Saudi Arabia has significantly increased the patient pool requiring diagnosis and treatment. Majorly MRI is prescribed by health practitioners to patients who are suffering from any brain, and neurological ailments as the technique’s principle of using radio waves for generating the scanned image of the particular site of the body where the patient is having any concerns and the procedure is mainly found beneficial for the diseases related with the brain and nervous system. This, in turn, is expected to positively influence the growth of the Magnetic Resonance Imaging Market in Saudi Arabia. Road accidents were the primary contributor to fatalities in 2019; in most cases, the diagnosis was made using an MRI to determine the stage of development.

Higher Penetration of Organized Health Coverage

The high penetration of organized health coverage across a larger spectrum of illnesses is one of the key reasons influencing the growth of the organized diagnostic sector in Saudi Arabia. As Saudi Arabia's economy expands, the diagnostic market is beginning to be dominated by insurance-backed and publicly funded health Surgical programs. The population's rising use of preventive testing is also greatly influenced by government incentives. For instance, Bupa Insurance Company provides diagnostic lab test insurance coverage in compliance with the standards of the Saudi Arabian Monetary Authority (SAMA) and the Council of Cooperative Health Insurance.

Technical Advancement

The market is seeing the introduction of improved technologies that are utilized to diagnose patients. Low field strength gives claustrophobic patients a clinical benefit and permits parental presence during pediatric patient scans. Additionally, the equipment that are capable of performing diagnosis with the help of law field radiation helps in performing diagnosis of the infants as well as elderly population as their body is not capable of withstanding the high intensity radiation for the diagnosis.

Low Energy Deposition in Tissues

Reduced frequency will help to counter the harmful effect of the heating caused in infants and elderly patients who are not capable of regulating their body temperature. This will benefit the patients and increase demand in the market due to the increased benefit among the facility's users. The energy deposited in tissues by radiofrequency pulses is completely proportional to the magnetic field.


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Market Segmentation

The Saudi Arabia Magnetic Resonance Imaging Market is segmented based on Field Strength, Type, Architecture, Source, Application, End User, and regional distribution. Based on field strength, the market can be split into High-Field MRI Systems, Low-To-Mid Field MRI Systems, Very-High-Field MRI Systems. Based on type the market is divided into Fixed and Mobile. Based on architecture, the market is divided into Closed and Open. Based on source, the market is divided into Import and Domestic. By Application, the market is divided into Brain and Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac & Others. In terms of End User, the market can be categorized into Hospitals, Imaging Centers, Ambulatory Surgical Centers & Others. Based on Region, the market can be fragmented into Northern and Central, Western, Southern and Eastern.

Company Profiles

General Electric El Seif Healthcare Arabia Co. Ltd., Siemens Ltd., Saudi Arabia, Philips Healthcare Saudi Arabia Ltd., Medtronic Saudi Arabia Co., Esaote SpA, Hitachi Saudi Arabia, Ltd., Toshiba Corporation, FUJIFILM Holdings Corporation are the leading companies operating in the Saudi Arabia magnetic resonance imaging (MRI) market.

Attribute

Details

Market size value in 2021

USD 100.14 Million

Revenue Forecast in 2027

USD 140.77 Million

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

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

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 and Central; Eastern; Western; Southern

Key Companies Profiled

General Electric El Seif Healthcare Arabia Co. Ltd., Siemens Ltd., Saudi Arabia, Philips Healthcare Saudi Arabia Ltd., Medtronic Saudi Arabia Co., Esaote SpA, Hitachi Saudi Arabia, Ltd., Toshiba Corporation, FUJIFILM Holdings Corporation.

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/pdf 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:

    • High-Field MRI Systems
    • Low-to-Mid-Field MRI Systems
    • Very-High-Field MRI Systems
  • Saudi Arabia Magnetic Resonance Imaging Market, By Type:
    • Fixed
    • Mobile
  • Saudi Arabia Magnetic Resonance Imaging Market, By Architecture:
    • Closed
    • Open
  • Saudi Arabia Magnetic Resonance Imaging Market, By Source:
    • Import
    • Domestic
  • 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 & Clinics
    • Imaging Centers
    • Ambulatory Surgical Centers
    • Others
  • Saudi Arabia Magnetic Resonance Imaging Market, By Region:
    • Northern and Central
    • Western
    • Southern
    • Eastern

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)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Saudi Arabia Magnetic Resonance Imaging (MRI) Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Affecting Type of Magnetic Resonance Imaging

5.3.  Preference Among Service Providers

6.    Saudi Arabia Magnetic Resonance Imaging (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, Low-to-Mid Field MRI Systems, Very-High-Field MRI Systems)

6.2.2.     By Type (Fixed v/s Mobile)

6.2.3.     By Architecture (Closed v/s Open)

6.2.4.     By Source (Import v/s Domestic)

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

6.3.1.    By Field Strength

6.3.2.    By Type

6.3.3.    By Architecture

6.3.4.    By Source

6.3.5.    By Application

6.3.6.    By End User

6.3.7.    By Region

7.    Saudi Arabia Fixed Magnetic Resonance Imaging (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 Source

7.2.4.     By Application

7.2.5.     By End User

8.    Saudi Arabia Mobile Magnetic Resonance Imaging (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 Source

8.2.4.    By Application

8.2.5.    By End User

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10. Market Trends & Developments

11. Import and Export Analysis

12. Saudi Arabia Economic Profile

13. Competitive Landscape

13.1.             General Electric El Seif Healthcare Arabia Co. Ltd

13.2.             Siemens Ltd., Saudi Arabia

13.3.             Philips Healthcare Saudi Arabia Ltd.

13.4.             Medtronic Saudi Arabia Co.

13.5.             Esaote SpA

13.6.             Hitachi Saudi Arabia, Ltd.

13.7.             Toshiba Corporation

13.8.             FUJIFILM Holdings Corporation

14. Strategic Recommendations

15.  About us & Disclaimer

                                                    (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures:

    Figure 1: Saudi Arabia Magnetic Resonance Imaging Market Size, By Value (USD Million), 2017-2027F

    Figure 2: Saudi Arabia Magnetic Resonance Imaging Market Share, By Field Strength, By Value, 2017-2027F

    Figure 3: Saudi Arabia Magnetic Resonance Imaging Market Share, By Type, By Value, 2017-2027F

    Figure 4: Saudi Arabia Magnetic Resonance Imaging Market Share, By Architecture, By Value, 2017-2027F

    Figure 5: Saudi Arabia Magnetic Resonance Imaging Market Share, By Source, By Value, 2017-2027F

    Figure 6: Saudi Arabia Magnetic Resonance Imaging Market Share, By Application, By Value, 2017-2027F

    Figure 7: Saudi Arabia Magnetic Resonance Imaging Market Share, By End User, By Value, 2017-2027F

    Figure 8: Saudi Arabia Magnetic Resonance Imaging Market Share, By Region, By Value, 2017-2027F

    Figure 9: Saudi Arabia Magnetic Resonance Imaging Market Share, By Company, By Value, 2021

    Figure 10: Saudi Arabia Magnetic Resonance Imaging Market Map, By Field Strength, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 11: Saudi Arabia Magnetic Resonance Imaging Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 12: Saudi Arabia Magnetic Resonance Imaging Market Map, By Architecture, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 13: Saudi Arabia Magnetic Resonance Imaging Market Map, By Source, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 14: Saudi Arabia Magnetic Resonance Imaging Market Map, By Application, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 15: Saudi Arabia Magnetic Resonance Imaging Market Map, By End User, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 16: Saudi Arabia Magnetic Resonance Imaging Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2021

    Figure 17: Saudi Arabia Fixed Magnetic Resonance Imaging Market Size, By Value (USD Million), 2017-2027F

    Figure 18: Saudi Arabia Fixed Magnetic Resonance Imaging Market Share, By Field Strength, By Value, 2017-2027F

    Figure 19: Saudi Arabia Fixed Magnetic Resonance Imaging Market Share, By Architecture, By Value, 2017-2027F

    Figure 20: Saudi Arabia Magnetic Fixed Resonance Imaging Market Share, By Source, By Value, 2017-2027F

    Figure 21: Saudi Arabia Fixed Magnetic Resonance Imaging Market Share, By Application, By Value, 2017-2027F

    Figure 22: Saudi Arabia Fixed Magnetic Resonance Imaging Market Share, By End User, By Value, 2017-2027F

    Figure 23: Saudi Arabia Mobile Magnetic Resonance Imaging Market Size, By Value (USD Million), 2017-2027F

    Figure 24: Saudi Arabia Mobile Magnetic Resonance Imaging Market Share, By Field Strength, By Value, 2017-2027F

    Figure 25: Saudi Arabia Mobile Magnetic Resonance Imaging Market Share, By Architecture, By Value, 2017-2027F

    Figure 26: Saudi Arabia Magnetic Mobile Resonance Imaging Market Share, By Source, By Value, 2017-2027F

    Figure 27: Saudi Arabia Mobile Magnetic Resonance Imaging Market Share, By Application, By Value, 2017-2027F

    Figure 28: Saudi Arabia Mobile Magnetic Resonance Imaging Market Share, By End User, By Value, 2017-2027F