Market Size of Middle East and Africa CT Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.20 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Computed Tomography Market Analysis
The Middle East and Africa Computed Tomography market studied have been projected to grow with a CAGR of 6.2% over the forecast period. The market is primarily driven by the rising geriatric population and an increase in incidences of chronic diseases. Chronic diseases, such as heart disease, stroke, cancer, diabetes, obesity are among the most common, expensive, and preventable of all health problems.
According to the Global Cancer Observatory, in Saudi Arabia there are 830 new kidney cancer cases were registered in 2018, furthermore, 249 people were died due to these diseases. According to the article published by Sultan S. Alkhateeb in 2018, the incidence in kidney cancer is increasing and is associated with an alarming increase in the prevalence of associated risk factors in the kingdom. In this region breast cancer is the most prevalent cancer and the average age of the diagnosis is a decade earlier than the western countries. Furthermore, an increase in the shift of medical care towards image-guided interventions coupled with technological advancements in the region is boosting the market growth.
MEA Computed Tomography Industry Segmentation
As per the scope of the report, computed tomography (CT) is an imaging process that customizes special X-ray equipment to generate a sequence of exhaustive images, or scans, of areas inside the body. Also called computerized axial tomography (CAT) scanning, it is primarily used in cancer diagnosis.
By Type | |
Low Slice | |
Medium Slice | |
High Slice |
By Application | |
Oncology | |
Neurology | |
Cardiovascular | |
Other Applications |
By End User | |
Hospitals | |
Clinics | |
Others |
Geography | |||||
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Middle East and Africa CT Market Size Summary
The Middle East and Africa Computed Tomography market is experiencing growth driven by an increasing geriatric population and a rise in chronic diseases such as heart disease, stroke, cancer, diabetes, and obesity. These health issues are prevalent and costly, prompting a shift towards image-guided interventions and technological advancements in medical care. The region is witnessing a significant increase in cancer cases, with breast cancer being the most common, and the average age of diagnosis occurring earlier than in Western countries. This rising cancer burden, influenced by population growth, aging, and changing lifestyles, is expected to propel the market's expansion.
The market is moderately consolidated, with a few major players like Canon Medical Systems Corporation, Koninklijke Philips NV, GE Healthcare, and Siemens Healthineers holding substantial shares. These companies are focusing on introducing technologically advanced products to capture a larger market share. Recent developments include GE Healthcare's expansion of advanced imaging activities in Israel, supported by funding from the Israel Innovation Authority. Such strategic initiatives by key players are contributing to the market's growth trajectory in the region.
Middle East and Africa CT Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Geriatric Population and Increase in Incidences of Chronic Diseases
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1.2.2 Increase in Shift of Medical Care Toward Image-guided Interventions coupled with Technological Advancements
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1.3 Market Restraints
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1.3.1 High Cost and Lack of Adequate Reimbursement Coupled with the Side Effects of CT Scanning
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Low Slice
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2.1.2 Medium Slice
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2.1.3 High Slice
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2.2 By Application
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2.2.1 Oncology
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2.2.2 Neurology
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2.2.3 Cardiovascular
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2.2.4 Other Applications
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2.3 By End User
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2.3.1 Hospitals
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2.3.2 Clinics
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2.3.3 Others
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2.4 Geography
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2.4.1 Middle-East and Africa
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2.4.1.1 GCC
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2.4.1.2 South Africa
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2.4.1.3 Rest of Middle-East and Africa
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Middle East and Africa CT Market Size FAQs
What is the current Middle East and Africa CT Market size?
The Middle East and Africa CT Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa CT Market?
Canon Medical Systems Corporation, GE Healthcare, Hitachi Healthcare Systems, Koninklijke Philips NV and Siemens Healthineers are the major companies operating in the Middle East and Africa CT Market.