UAE MRI Market Report 2023 to 2030

UAE MRI Market Analysis

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The UAE MRI Market was valued at $33.20 Mn in 2023 and is predicted to grow at a CAGR of 7.50% from 2023 to 2030, to $55.08 Mn by 2030. The key drivers of this industry include increasing prevalence of chronic diseases, medical tourism, and increasing healthcare infrastructure. The key players in the industry are Siemens Healthineers UAE, Abu Dhabi International Medical Services, Neusoft Medical, and American Upright MRI among others.

ID: IN10AEMD019 CATEGORY: Medical Devices GEOGRAPHY: UAE AUTHOR: Avantika Gupta

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UAE MRI Market Executive Summary

The UAE MRI Market is at around $33.20 Mn in 2023 and is projected to reach $55.08 Mn in 2030, exhibiting a CAGR of 7.50% during the forecast period.

Magnetic resonance imaging (MRI) is a type of diagnostic test that can create detailed images of nearly every structure and organ inside the body. It uses strong magnetic fields and radio waves to produce detailed images of the inside of the body. The MRI machine is a large, cylindrical (tube-shaped) device that generates a powerful magnetic field around the patient and emits pulses of radio waves from a scanner. Some MRI machines resemble narrow tunnels, while others are more spacious. The intense magnetic field produced by the MRI scanner causes the atoms in your body to align in the same direction. Subsequently, radio waves are emitted from the MRI machine, which disrupt this alignment, causing the atoms to return to their original positions. As the radio waves cease, the atoms revert to their initial alignment and emit radio signals. These signals are then picked up by a computer, which transforms them into an image of the area being examined. This image is displayed on a viewing monitor.

Traumatic Brain Injury accounts for 45% of all trauma admissions resulting in intensive use of MRI technology in UAE. The market therefore is driven by significant factors like increasing prevalence of chronic diseases, medical tourism, and increasing healthcare infrastructure. However, high cost, concerns about radiation exposure, alternatives and patient concerns restrict the growth of the market.

The leading pharmaceutical companies include Siemens Healthineers UAE and GE Healthcare FZE for MRI machines. Canon Medical Systems UAE, OxyMed Medical and Trading, and Al Zaitoon International are also significant contributors to the MRI market, with continuous research and development activities.

UAE MRI Market Report 2023 to 2030

Market Dynamics

Market Growth Drivers

Increasing Healthcare Infrastructure: The UAE government has been actively investing in expanding healthcare infrastructure to drive the growth of the MRI market. This includes the establishment of specialized healthcare zones and mandatory health insurance policies that have increased access to advanced diagnostic imaging services. For example, American Hospital Dubai became the first hospital in the Middle East and North Africa (MENA) to join the Mayo Clinic Care Network. This collaboration has enhanced the hospital's capabilities in providing advanced diagnostic and treatment services

Medical Tourism: UAE's growing medical tourism industry is attracting patients from neighboring countries seeking high-quality healthcare services, including advanced diagnostic imaging procedures using MRI. This is driving further investments and adoption of state-of-the-art MRI systems in the country.

Rising Prevalence of Chronic Diseases: The increasing prevalence of chronic conditions like cardiovascular diseases, neurological disorders, and diabetes in the UAE is a major driver for the MRI market. UAE has one of the highest diabetes prevalence rates globally with a prevalence rate of 18.7%. MRI is a crucial diagnostic tool for these diseases, and the growing patient population is fueling demand for MRI services.

Market Restraints

High Cost: The high capital and operational costs associated with MRI equipment can significantly hinder market growth. This is due to budget constraints, affordability, and accessibility issues faced by healthcare providers and patients alike. These exorbitant costs restrict the adoption and usage of these advanced imaging technologies.

Concern about Radiation Exposure: While MRI is non-invasive, some patients may be hesitant due to concerns about potential health risks from strong magnetic fields. These concerns can stem from misinformation or anxiety about the unknown effects of MRI on the body. Addressing these concerns through education and reassurance can help alleviate patient hesitation and promote the use of MRI scans.

Alternatives and Patient Concerns: While MRI offers unparalleled detail, other imaging modalities like CT scans can be a less expensive option for specific situations. CT scanners are more widely available than MRI machines, especially in smaller hospitals and clinics. Additionally, some patients have concerns about claustrophobia associated with traditional closed MRI machines.

Regulatory Landscape and Reimbursement Scenario

The regulatory landscape for MRI in the UAE is overseen by the federal authority, the Ministry of Health and Prevention (MOHAP). All MRI machines in the UAE must be registered with MOHAP before they can be imported, sold, or used. International accreditation from organizations approved by the International Society for Quality in Health Care (ISQua) is encouraged for hospitals to ensure high-quality MRI services

Reimbursement policies for MRI services can vary across different insurance plans and healthcare providers in the UAE. Patients with limited insurance coverage or high deductibles may be less likely to undergo MRI scans due to financial concerns, potentially leading to delayed diagnoses or suboptimal treatment.

Competitive Landscape

Key Players

Here are some of the major key players in the UAE MRI Market:

Canon Medical Systems UAE
GE Healthcare FZE
Koninklijke Philips NV
Siemens Healthineers UAE
Al Zaitoon International
Mega Med Medical Equipment
Abu Dhabi International Medical Services
American Upright MRI
OxyMed Medical and Trading
Neusoft Medical

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

UAE MRI Market Segmentation

By Architecture

Closed MRI Systems
Open MRI Systems

By Field Strength

Low Field MRI Systems
High Field MRI Systems
Ultra-High Field MRI Systems

By Application

Neurology
Musculoskeletal
Cardiovascular
Oncology
Others ( Abdominal, Pediatric)

By End-User

Hospitals and Clinics
Diagnostic Imaging Centers
Research Institutes

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.