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
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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.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.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, the publisher offers customizations according to a company’s specific needs.Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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