GCC Magnetic Resonance Imaging (MRI) Systems Market Outlook (2021-2031)
Description
The market for magnetic resonance imaging (MRI) systems in the Gulf Cooperation Council (GCC) region is projected to grow significantly, reaching an estimated US$ 232.6 million by 2031, up from US$ 196.1 million in 2024. This growth represents a compound annual growth rate (CAGR) of 2.5% from 2025 to 2031.
Executive Summary and Market Analysis
The GCC countries are recognized as one of the most advanced regions in the Middle East regarding MRI technology, bolstered by substantial government investments in healthcare infrastructure and a swift adoption of cutting-edge technologies. Key players in this market include Saudi Arabia, the United Arab Emirates (UAE), and Qatar, where hospitals and diagnostic centers are increasingly outfitted with mid- and high-field MRI systems. This upgrade is essential to manage the growing incidence of neurological disorders, cancers, and musculoskeletal issues.
The rise in lifestyle-related diseases, coupled with an increasing demand for early and precise diagnoses, is driving the utilization of MRI scans across both public and private healthcare sectors. Furthermore, partnerships with international manufacturers and the establishment of specialized diagnostic centers are enhancing access to advanced imaging technologies. Despite challenges such as high costs and workforce shortages, the GCC is committed to advancing regional growth through a focus on delivering high-quality healthcare.
Market Segmentation Analysis
The analysis of the GCC MRI systems market is categorized into several key segments: type, field strength, mobility, application, and end user.
1. Type: The market is divided into closed MRI systems and open MRI systems. In 2024, closed MRI systems held the majority share of the market.
2. Field Strength: MRI systems are classified into low-field, mid-field, and high & ultra-high field systems. The mid-field segment was the leading category in 2024.
3. Mobility: The market is segmented into fixed and portable MRI systems, with fixed systems dominating in 2024.
4. Application: The applications of MRI systems include neurology, oncology, cardiology, orthopedics, gastroenterology, gynecology, and others. The neurology segment was the largest in 2024.
5. End User: The end users of MRI systems include hospitals, specialty clinics, diagnostic imaging centers, academic and research institutes, among others. Hospitals accounted for the largest market share in 2024.
Market Outlook
The GCC MRI market is propelled by extensive government initiatives aimed at transforming healthcare delivery, alongside private sector investments in advanced diagnostic facilities. A significant trend is the increasing adoption of high-field MRI systems, particularly 3T systems, in premium hospitals and specialized centers. Additionally, countries in the region are investing in artificial intelligence (AI)-enabled imaging, teleradiology, and digital integration to enhance operational efficiency and improve patient outcomes.
The emphasis on medical tourism, especially in the UAE and Qatar, further drives the demand for advanced imaging solutions. Procurement trends in the region also reflect a preference for energy-efficient systems and innovative financing models that align with sustainability and cost-effectiveness goals.
Country Insights
The GCC MRI systems market can be further analyzed by country, including Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman. In 2024, Saudi Arabia held the largest market share.
Saudi Arabia leads the GCC MRI market, fueled by the Vision 2030 healthcare reforms, extensive hospital expansions, and significant government investments in advanced medical technologies. The UAE follows closely, with cities like Dubai and Abu Dhabi emerging as regional hubs for medical tourism and early adopters of high-end MRI solutions. Qatar is also making substantial investments in world-class hospitals through state-supported initiatives, while Kuwait and Oman are enhancing their diagnostic capabilities in both public and private sectors. Although Bahrain is smaller in scale, it is gradually modernizing its imaging infrastructure, supported by private healthcare providers. Overall, the GCC region is demonstrating a strong commitment to modernization, medical tourism, and technology-driven healthcare excellence.
Company Profiles
Key players in the GCC MRI systems market include GE HealthCare, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Canon Inc., Koninklijke Philips N.V., HYPERFINE, INC., Esaote SPA, Shanghai United Imaging Healthcare Co., LTD, FONAR Corp., and Neusoft Medical Systems. These companies are employing strategies such as market expansion, product innovation, and mergers and acquisitions to maintain competitiveness and provide innovative solutions to their customers.
Executive Summary and Market Analysis
The GCC countries are recognized as one of the most advanced regions in the Middle East regarding MRI technology, bolstered by substantial government investments in healthcare infrastructure and a swift adoption of cutting-edge technologies. Key players in this market include Saudi Arabia, the United Arab Emirates (UAE), and Qatar, where hospitals and diagnostic centers are increasingly outfitted with mid- and high-field MRI systems. This upgrade is essential to manage the growing incidence of neurological disorders, cancers, and musculoskeletal issues.
The rise in lifestyle-related diseases, coupled with an increasing demand for early and precise diagnoses, is driving the utilization of MRI scans across both public and private healthcare sectors. Furthermore, partnerships with international manufacturers and the establishment of specialized diagnostic centers are enhancing access to advanced imaging technologies. Despite challenges such as high costs and workforce shortages, the GCC is committed to advancing regional growth through a focus on delivering high-quality healthcare.
Market Segmentation Analysis
The analysis of the GCC MRI systems market is categorized into several key segments: type, field strength, mobility, application, and end user.
1. Type: The market is divided into closed MRI systems and open MRI systems. In 2024, closed MRI systems held the majority share of the market.
2. Field Strength: MRI systems are classified into low-field, mid-field, and high & ultra-high field systems. The mid-field segment was the leading category in 2024.
3. Mobility: The market is segmented into fixed and portable MRI systems, with fixed systems dominating in 2024.
4. Application: The applications of MRI systems include neurology, oncology, cardiology, orthopedics, gastroenterology, gynecology, and others. The neurology segment was the largest in 2024.
5. End User: The end users of MRI systems include hospitals, specialty clinics, diagnostic imaging centers, academic and research institutes, among others. Hospitals accounted for the largest market share in 2024.
Market Outlook
The GCC MRI market is propelled by extensive government initiatives aimed at transforming healthcare delivery, alongside private sector investments in advanced diagnostic facilities. A significant trend is the increasing adoption of high-field MRI systems, particularly 3T systems, in premium hospitals and specialized centers. Additionally, countries in the region are investing in artificial intelligence (AI)-enabled imaging, teleradiology, and digital integration to enhance operational efficiency and improve patient outcomes.
The emphasis on medical tourism, especially in the UAE and Qatar, further drives the demand for advanced imaging solutions. Procurement trends in the region also reflect a preference for energy-efficient systems and innovative financing models that align with sustainability and cost-effectiveness goals.
Country Insights
The GCC MRI systems market can be further analyzed by country, including Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman. In 2024, Saudi Arabia held the largest market share.
Saudi Arabia leads the GCC MRI market, fueled by the Vision 2030 healthcare reforms, extensive hospital expansions, and significant government investments in advanced medical technologies. The UAE follows closely, with cities like Dubai and Abu Dhabi emerging as regional hubs for medical tourism and early adopters of high-end MRI solutions. Qatar is also making substantial investments in world-class hospitals through state-supported initiatives, while Kuwait and Oman are enhancing their diagnostic capabilities in both public and private sectors. Although Bahrain is smaller in scale, it is gradually modernizing its imaging infrastructure, supported by private healthcare providers. Overall, the GCC region is demonstrating a strong commitment to modernization, medical tourism, and technology-driven healthcare excellence.
Company Profiles
Key players in the GCC MRI systems market include GE HealthCare, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Canon Inc., Koninklijke Philips N.V., HYPERFINE, INC., Esaote SPA, Shanghai United Imaging Healthcare Co., LTD, FONAR Corp., and Neusoft Medical Systems. These companies are employing strategies such as market expansion, product innovation, and mergers and acquisitions to maintain competitiveness and provide innovative solutions to their customers.
Table of Contents
174 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Market Insights
- 2.2 Market Attractiveness
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation
- 4. GCC Magnetic Resonance Imaging (MRI) Systems Market Landscape
- 4.1 Overview
- 4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain
- 5. GCC Magnetic Resonance Imaging (MRI) Systems Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.2 Market Restraints
- 5.3 Market Opportunities
- 5.4 Future Trends
- 5.5 Impact of Drivers and Restraints
- 6. GCC Magnetic Resonance Imaging (MRI) Systems Market Regional Analysis
- 6.2 GCC Magnetic Resonance Imaging (MRI) Systems Market Revenue 2021-2031 (US$ Million)
- 6.3 GCC Magnetic Resonance Imaging (MRI) Systems Market Forecast Analysis
- 7. GCC Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Type
- 7.1 Closed MRI Systems
- 7.1.1 Overview
- 7.1.2 Closed MRI Systems: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 7.2 Open MRI Systems
- 7.2.1 Overview
- 7.2.2 Open MRI Systems: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 8. GCC Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Field Strength
- 8.1 Low-field MRI Systems
- 8.1.1 Overview
- 8.1.2 Low-field MRI Systems: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 8.2 Mid field MRI Systems
- 8.2.1 Overview
- 8.2.2 Mid field MRI Systems: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 8.3 High and Ultra High field MRI Systems
- 8.3.1 Overview
- 8.3.2 High and Ultra High field MRI Systems: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9. GCC Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Mobility
- 9.1 Fixed
- 9.1.1 Overview
- 9.1.2 Fixed: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 9.2 Portable
- 9.2.1 Overview
- 9.2.2 Portable: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 10. GCC Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Application
- 10.1 Neurology
- 10.1.1 Overview
- 10.1.2 Neurology: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 10.2 Oncology
- 10.2.1 Overview
- 10.2.2 Oncology: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 10.3 Cardiology
- 10.3.1 Overview
- 10.3.2 Cardiology: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 10.4 Orthopedics
- 10.4.1 Overview
- 10.4.2 Orthopedics: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 10.5 Gastroenterology
- 10.5.1 Overview
- 10.5.2 Gastroenterology: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 10.6 Gynecology
- 10.6.1 Overview
- 10.6.2 Gynecology: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 10.7 Others
- 10.7.1 Overview
- 10.7.2 Others: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
- 11. GCC Magnetic Resonance Imaging (MRI) Systems Market – GCC Analysis
- 11.1 Overview
- 11.2 GCC
- 11.2.1 GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Key Country, 2025 and 2031 (%)
- 11.2.1.1 GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast Analysis – by Country
- 11.2.1.1 UAE: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.1.1 UAE: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Type
- 11.2.1.1.2 UAE: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Field Strength
- 11.2.1.1.3 UAE: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Mobility
- 11.2.1.1.4 UAE: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Application
- 11.2.1.2 Bahrain: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.2.1 Bahrain: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Type
- 11.2.1.2.2 Bahrain: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Field Strength
- 11.2.1.2.3 Bahrain: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Mobility
- 11.2.1.2.4 Bahrain: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Application
- 11.2.1.3 Saudi Arabia: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.3.1 Saudi Arabia: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Type
- 11.2.1.3.2 Saudi Arabia: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Field Strength
- 11.2.1.3.3 Saudi Arabia: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Mobility
- 11.2.1.3.4 Saudi Arabia: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Application
- 11.2.1.4 Oman: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.4.1 Oman: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Type
- 11.2.1.4.2 Oman: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Field Strength
- 11.2.1.4.3 Oman: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Mobility
- 11.2.1.4.4 Oman: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Application
- 11.2.1.5 Qatar: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.5.1 Qatar: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Type
- 11.2.1.5.2 Qatar: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Field Strength
- 11.2.1.5.3 Qatar: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Mobility
- 11.2.1.5.4 Qatar: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Application
- 11.2.1.6 Kuwait: GCC Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast to 2031 (US$ Million)
- 11.2.1.6.1 Kuwait: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Type
- 11.2.1.6.2 Kuwait: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Field Strength
- 11.2.1.6.3 Kuwait: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Mobility
- 11.2.1.6.4 Kuwait: GCC Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Application
- 12. Competitive Landscape
- 12.1 Heat Map Analysis
- 12.2 Company Positioning and Concentration
- 13. Industry Landscape
- 13.1 Overview
- 13.2 Market Initiative
- 13.3 Partnerships and Collaborations
- 13.4 Other Developments
- 14. Company Profiles
- 14.1 GE HealthCare
- 14.1.1 Key Facts
- 14.1.2 Business Description
- 14.1.3 Products and Services
- 14.1.4 Financial Overview
- 14.1.5 SWOT Analysis
- 14.1.6 Key Developments
- 14.2 Siemens Healthineers AG
- 14.2.1 Key Facts
- 14.2.2 Business Description
- 14.2.3 Products and Services
- 14.2.4 Financial Overview
- 14.2.5 SWOT Analysis
- 14.2.6 Key Developments
- 14.3 FUJIFILM Holdings Corporation
- 14.3.1 Key Facts
- 14.3.2 Business Description
- 14.3.3 Products and Services
- 14.3.4 Financial Overview
- 14.3.5 SWOT Analysis
- 14.3.6 Key Developments
- 14.4 Canon Inc.
- 14.4.1 Key Facts
- 14.4.2 Business Description
- 14.4.3 Products and Services
- 14.4.4 Financial Overview
- 14.4.5 SWOT Analysis
- 14.4.6 Key Developments
- 14.5 Koninklijke Philips N.V.
- 14.5.1 Key Facts
- 14.5.2 Business Description
- 14.5.3 Products and Services
- 14.5.4 Financial Overview
- 14.5.5 SWOT Analysis
- 14.5.6 Key Developments
- 14.6 HYPERFINE, INC.
- 14.6.1 Key Facts
- 14.6.2 Business Description
- 14.6.3 Products and Services
- 14.6.4 Financial Overview
- 14.6.5 SWOT Analysis
- 14.6.6 Key Developments
- 14.7 Esaote SPA
- 14.7.1 Key Facts
- 14.7.2 Business Description
- 14.7.3 Products and Services
- 14.7.4 Financial Overview
- 14.7.5 SWOT Analysis
- 14.7.6 Key Developments
- 14.8 Shanghai United Imaging Healthcare Co., LTD
- 14.8.1 Key Facts
- 14.8.2 Business Description
- 14.8.3 Products and Services
- 14.8.4 Financial Overview
- 14.8.5 SWOT Analysis
- 14.8.6 Key Developments
- 14.9 FONAR Corp.
- 14.9.1 Key Facts
- 14.9.2 Business Description
- 14.9.3 Products and Services
- 14.9.4 Financial Overview
- 14.9.5 SWOT Analysis
- 14.9.6 Key Developments
- 14.10 Neusoft Medical Systems
- 14.10.1 Key Facts
- 14.10.2 Business Description
- 14.10.3 Products and Services
- 14.10.4 Financial Overview
- 14.10.5 SWOT Analysis
- 14.10.6 Key Developments
- 15. Appendix
- 15.1 About Business Market Insights
- 15.2 List of Abbreviations
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