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Middle East and Africa MRI Market Analysis

The Middle East And Africa Magnetic Resonance Imaging Market size is estimated at USD 385.12 million in 2024, and is expected to reach USD 497.40 million by 2029, growing at a CAGR of 5.25% during the forecast period (2024-2029).

The rising geriatric population and an increase in the incidence of chronic diseases primarily drive the market. Chronic diseases such as heart disease, stroke, brain injury, and neurological diseases are among the most common chronic diseases that require early diagnosis and treatment.

The growing burden of neurological diseases in the region is expected to increase the demand for MRI diagnosis, thereby boosting the market growth. For instance, according to the data published by the Ministry of Health in September 2022, there were 130,000 cases of Alzheimer's disease in Saudi Arabia in 2022, and this number is projected to rise to 14 million by 2060. As a result, the market growth is anticipated to be further fueled by the increasing frequency of dementia with clinical diagnosis, as the research calls for very high-field MRI scanners. Thus, the rise in cases of neurological diseases such as Alzheimer's is expected to increase demand for MRI scans over the forecast period.

The increased installation of MRI scanners in the region is expected to increase easy accessibility. For instance, in April 2022, NMC Royal Hospital introduced Sharjah’s first AI-driven state-of-the-art MRI scanner. With high-resolution images and quicker results, the MRI machine will help identify cancers and the severity of stroke apart from diagnosing heart, lung, liver, and bone disease. Moreover, in March 2022, the Acibadem Group, one of Turkey's largest private healthcare service institutions, ordered a second MRIdian MRI-guided radiation treatment system for installation at the Acibadem Altunizade Hospital in Istanbul, Turkey.

The introduction of imaging technologies like MRI with PET or CT, offering reduced radiation exposure, is driving market growth in the region. Global players such as GE Healthcare, Siemens, and Philips have an extensive hold on improving technology and distribution channels in the region. In November 2022, the International Atomic Energy Agency (IAEA) partnered with GE Healthcare to launch a training program called 'Rays of Hope.' This program will focus on PET-CT and PET-MRI imaging techniques, which provide more accurate diagnoses of diseases like cancer. The program aims to train professionals from Africa in these advanced medical imaging methods. Thus, such partnerships will lead to providing better MRI services in the region. However, the high cost of MRI is expected to hinder market growth.

Middle East and Africa MRI Industry Segmentation

Magnetic resonance imaging is a medical imaging technique used in radiology to produce pictures of the anatomy and physiological processes of the body. These pictures are then used to diagnose and detect abnormalities in the body.

The Middle East and Africa MRI market is segmented by architecture, field strength, application, and geography. By architecture, the market is segmented into closed MRI systems and open MRI systems. By field strength, the market is segmented into low-field MRI systems, high-field MRI systems, and very high-field MRI systems and ultra-high MRI systems. By application, the market is segmented into oncology, neurology, cardiology, and other applications. By geography, the market is segmented into GCC, South Africa, and Rest of Middle East and Africa.

The report offers market sizes and forecasts in terms of value (USD) for the above segments.