MRI (Magnetic Resonance Imaging) is the fast replacing technology used to form the pictures of soft tissues in the body. MRI is a non-invasive diagnostic methodology produces the computerised images with the help of applied magnetic field and radio waves. MRI is a medical imaging technology offers the ease of identification and diagnostics of several diseases. More than 25,000 MRI scanners are in use worldwide. MRI scanners provide the visual representation of soft tissues inside the body.
The Middle East and Africa MRI Market Segments Size & Growth:
The Middle East and Africa MRI market are estimated to reach USD XX Billion by 2024, at a CAGR of XX% from $XX Billion in 2018. The major factors leading the Middle East and Africa MRI market are growing geriatric population, rising prevalence of chronic conditions, growing applications of MRI-guided radiotherapy for brain tumours, advances in scanning technology and imaging contrast agents. The non-invasive diagnostic imaging tumours for the detailed anatomical study of body parts, especially soft tissues. Rising demand for the non-invasive diagnostic imaging plays a crucial role in the Middle East and Africa MRI market growth. The growing applications of MRI-guided radiotherapy for brain tumors and advances in scanning technology are also contributing majorly to the Middle East and Africa MRI market growth. High cost of MRI systems, expensive treatment, and lo reimbursement rates for MRI procedures are restraining the market growth during the forecast period. Lack of skilled professionals and instruments complexity are challenging the market growth in upcoming years. Emerging hybrid MRI systems and novel applications in developed economies are providing profitable opportunities to the market.
The Middle East and Africa MRI Market Segments Share:
The Middle East and Africa MRI market are segmented based on the architecture, field strength, applications, end-users, and geography. By architecture, the market is segmented into open MRI systems, closed MRI systems. Among these, the closed MRI systems are accounting largest market share in 2017, owing to the technological advancements, and cost-effectiveness. By field strength, the MRI market is classified into low-to-mid-field strength MRI, high-field strength MRI, very high-field strength MRI, ultra-high-field strength MRI, and others. High-field segment is estimated to grow at the fastest growth rate during the forecast period, due to their advantages regarding SNR (Signal to Noise Ratio). By considering the applications segment, the market is categorised into the brain and neurological MRI, cardiology, oncology, vascular MRI, spine and musculoskeletal MRI, and others. Brain and the neurological segment are expected to hold the largest market share followed by the spine and musculoskeletal segment, owing to the increasing ageing population and growing awareness of diagnosis.
By Geography; increasing ageing population, growing geriatric population, and advances in scanning technology and imaging contrast agents are driving the Middle East and Africa MRI market growth during the forecast period.
The Middle East and Africa MRI Market Trends:
- Siemens Healthcare Company has launched the powerful MRI system called MAGNETOM Terra is the first 7T scanner introduced in the United States, and Europe to explore new territories in MRI, and these devices will enhance the clinical care and better patient’s outcomes.
- Bruker Corporation is one of the top players in the Middle East, and Africa MRI market provides small animal MRI solutions for molecular and preclinical MRI research, and these systems provide high spatial resolution imaging of the living organisms.
The Middle East and Africa MRI Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key players in the Middle East and Africa MRI Market are:
- Hitachi Medical Corporation
- GE Healthcare
- Siemens Healthcare
- Bruker Corporation
- Philips Healthcare
- Canon Medical System Corporation
Along with these companies, there were many other companies considered/ cited in the report while analysing the Middle East and Africa MRI market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Substantial demand for a non-invasive diagnostic imaging technique
4.1.2. Rising geriatric population
4.1.3. Cost-effectiveness and non-invasive nature
4.1.4. Advances in scanning technology
4.2. Restraints
4.2.1. High cost of MRI Systems
4.2.2. Low reimbursement rates for MRI procedures
4.3. Opportunities
4.3.1. Emergence of hybrid imaging technologies
4.3.2. Novel Application areas
4.4. Challenges
4.4.1. Lack of trained professionals
5. Middle East and Africa MRI Market– By Architecture
5.1. Closed MRI Systems
5.2. Open MRI Systems
6. Middle East and Africa MRI Market– By Field Strength
6.1. Low-To-Mid-Field Strength MRI Systems
6.2. High-Field Strength MRI Systems
6.2.1. 1.5T MRI Systems
6.2.2. 3T MRI Systems
6.3. Very High-Field Strength MRI Systems
6.3.1. 4T MRI Systems
6.3.2. 6T MRI Systems
6.4. Ultra-High-Field Strength MRI Systems
6.4.1. 7T MRI Systems
6.4.2. Others
7. Middle East and Africa MRI Market- By Applications
7.1. Cardiology
7.2. Oncology
7.3. Neurology
7.4. Spine and Musculoskeletal
7.5. Others
8. Middle East and Africa MRI Market- By End-users
8.1. Hospitals
8.2. Clinics
8.3. Ambulatory surgical centers
8.4. Diagnostic imaging centers
9. Middle East and Africa MRI Market– By Geography
9.1. Introduction
9.2. Middle East & Africa
9.2.1. Middle East
9.2.2. Africa
10. Middle East and Africa MRI Market– Company Profiles
10.1. Hitachi Medical Corporation
10.2. GE Healthcare
10.3. Siemens Healthcare
10.4. Bruker Corporation
10.5. Philips Healthcare
10.6. Canon Medical System Corporation
10.7. Esaote SpA
10.8. Aurora Imaging Technologies, Inc.
10.9. Fonar Corporation
10.8. Boston Scientific Corporation
10.11. Neusoft Medical Systems Co.
10.12. Care stream Health
10.13. Sanrad Medical Systems Pvt. Ltd
10.14. Shimadzu Corporation
11. Middle East and Africa MRI Market- Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1. List of tables
13.2. List of figures
