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Middle East and Africa Magnetic Resonance Imaging (MRI) Market - Growth, Trends, and Forecasts (2020-2025)

  • ID: 5175373
  • Report
  • August 2020
  • Region: Middle East, Africa
  • 90 pages
  • Mordor Intelligence
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until Dec 31st 2020
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FEATURED COMPANIES

  • Esaote SpA
  • Fonar Corporation
  • GE Healthcare
  • Hitachi Ltd
  • Koninklijke Philips NV
  • Siemens Healthcare GmbH
  • MORE
The Middle East and Africa MRI Market is expected to grow with a CAGR of 8.1% in the forecast period. The rising technological advancement, such as the inclusion of MRI with PET or CT, to provide imaging possibilities with less exposure to harmful radiations is boosting the market growth in the region.

The global players, such as GE Healthcare, Siemens, and Philips, have an extensive hold on improving technology, as well as distribution channels in the region. MRI has been used with other powerful imaging techniques, such as when MRI is combined with radiography, it is used to treat infertility patients. Additionally, due to the rising popularity of technologically advanced MRI systems such as hybrid MRI, particularly in a developed market is expected to fuel the market.

The other factors such as the increasing geriatric population and rising adoption of MRI systems are driving the Middle East magnetic resonance imaging market.

Key Market Trends

Oncology Segment is Expected to Show Better Growth During the Forecasted Years

The oncology segment deals with the diagnosis and treatment of tumors and cancers. According to Globocan, in 2018, among both the sexes, breast and cervix uteri cancers are the most common cancers found in Africa, with breast cancer alone contributing to around 16% of the total new cases. Therefore there is a growing demand for better diagnostic facilities like MRI in the African countries due to the rising burden of cancer and the growing aging population.

In addition, the rising awareness among people about early diagnosis of diseases for prevention and faster cure is expected to show better growth in the forecast period. Furthermore, high-quality, sustainable projects, such as in Eldoret (AMPATH Oncology) the work of Hospice Africa Uganda, the collaborations between Crumlin Children’s Hospital (Dublin, Ireland) and the Muhimbili University of Health and Allied Sciences (Dar-es-Salaam) Tanzania, etc.contribute in a positive manner towards cancer control that is boosting the overall market growth.

Competitive Landscape

The Middle East and Africa MRI Market is moderately competitive with several major players. Some of the strategies implemented include agreements, collaborative models, business expansion, and product developments. Some of the major players in the market are Canon Medical Systems Corporation, Esaote SpA, GE Healthcare, Hitachi Ltd. etc

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Esaote SpA
  • Fonar Corporation
  • GE Healthcare
  • Hitachi Ltd
  • Koninklijke Philips NV
  • Siemens Healthcare GmbH
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Chronic Diseases
4.2.2 Introduction of Hybrid MRI Systems and Increasing Adoption in Emerging Markets
4.3 Market Restraints
4.3.1 High Cost of MRI Systems
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Architecture
5.1.1 Closed MRI Systems
5.1.2 Open MRI Systems
5.2 By Field Strength
5.2.1 Low Field MRI Systems
5.2.2 High Field MRI Systems
5.2.3 Very High Field MRI Systems and Ultra-high MRI Systems
5.3 By Application
5.3.1 Oncology
5.3.2 Neurology
5.3.3 Cardiology
5.3.4 Other Applications
5.4 Geography
5.4.1 Middle-East and Africa
5.4.1.1 GCC
5.4.1.2 South Africa
5.4.1.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Esaote SpA
6.1.2 GE Healthcare
6.1.3 Hitachi Ltd
6.1.4 Koninklijke Philips NV
6.1.5 Canon Medical Systems Corporation
6.1.6 Fonar Corporation
6.1.7 Siemens Healthcare GmbH

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • Esaote SpA
  • GE Healthcare
  • Hitachi Ltd
  • Koninklijke Philips NV
  • Canon Medical Systems Corporation
  • Fonar Corporation
  • Siemens Healthcare GmbH
Note: Product cover images may vary from those shown
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