Middle East & Africa Clinical Trial Imaging Market

Historic Data: 2021-2022   |   Base Year: 2023   |   Forecast Period: 2024-2028

Analysis - by Modality [Tomography, Magnetic Resonance Imaging (MRI), Ultrasound, Positron Emission Tomography (PET), X-Ray, Echocardiography, and Others], Offering (Operational Imaging Services, Imaging Software, Read Analysis Services, Trial Design and Consulting Services, and Others), and End User [Contract Research Organizations (CROs), Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, and Others]


No. of Pages: 108    |    Report Code: BMIRE00028626    |    Category: Life Sciences

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Middle East & Africa Clinical Trial Imaging Market
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The Middle East & Africa clinical trial imaging market is expected to grow from US$ 54.01 million in 2023 to US$ 72.43 million by 2028; it is estimated to register a CAGR of 6.0% from 2023 to 2028.

In-Silico Imaging Clinical Trials to Fuel Middle East & Africa Clinical Trial Imaging Market During Forecast Period

According to a 2023 report by the SPIE, clinical trials are expensive and lengthy, which causes delays in regulatory evaluation and significantly affects patients’ access to novel and high-quality pharmaceutical products. Adoption of in-silico imaging attributes evaluating safety and effectiveness of imaging technologies with less burden than clinical trials as they provide minimal errors. In-silico imaging in clinical trials comprises computer simulation of an entire imaging system/its components (such as source, object, task, observer components, etc.), which assists research, development, optimization, technology assessment, and regulatory evaluation. In-silico imaging trials are vital in evaluating new medical imaging systems. Incorporating in-silico trials improved lesion detection performance favoring tomosynthesis for all breast sizes and lesion types. Findings of VICTRE reveal that in-silico imaging trials and computer simulation imaging tools are likely to be viable sources of evidence in the regulatory evaluation of imaging devices, which is expected to provide lucrative opportunities for the growth of the Middle East & Africa clinical trial imaging market during the forecast period.

Middle East & Africa Clinical Trial Imaging Market Overview

The clinical trial imaging market in the Middle East & Africa is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. South Africa is expected to account for the largest market share. The growth of the clinical trial imaging market in this region is attributed to the availability of funds for R&D and various initiatives taken by the government. According to a recent Gulf Cooperation Council (GCC) report, the region made the most prominent healthcare infrastructure investments globally between 2010 and 2020. The government of South Africa has started providing investment incentives, taking measures to protect intellectual rights, simplifying tax rules, and levying better regulatory policies to attract foreign investments to nurture the clinical trial landscape in the country. Moreover, the number of trials has been increasing due to high recruitment rates and an improved regulatory environment in the country. South Africa receives substantial sponsorships from innovative pharmaceutical companies for conducting clinical research, with no signs of slowing down. Thus, the progressing clinical research industry bolsters the growth of the clinical trial imaging market in the country.

Middle East & Africa Clinical Trial Imaging Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Clinical Trial Imaging Market Revenue and Forecast to 2028 (US$ Million)
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Middle East & Africa Clinical Trial Imaging Strategic Insights

Strategic insights for the Middle East & Africa Clinical Trial Imaging provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Middle East & Africa Clinical Trial Imaging Report Scope

Report Attribute Details
Market size in 2023 US$ 54.01 Million
Market Size by 2028 US$ 72.43 Million
Global CAGR (2023 - 2028) 6.0%
Historical Data 2021-2022
Forecast period 2024-2028
Segments Covered By Modality
  • Tomography
  • Magnetic Resonance Imaging
  • Ultrasound
  • Positron Emission Tomography
  • X-Ray
  • Echocardiography
By Offering
  • Operational Imaging Services
  • Imaging Software
  • Read Analysis Services
  • Trial Design and Consulting Services
By End User
  • Contract Research Organizations
  • Pharmaceutical and Biotechnology Companies
  • Academic and Research Institutes
  • Others
Regions and Countries Covered Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • eResearch Technology Inc
  • ICON PLC
  • Medical Metrics Inc
  • VIDA Diagnostics Inc
  • WCG Clinical Inc
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    Middle East & Africa Clinical Trial Imaging Regional Insights

    The geographic scope of the Middle East & Africa Clinical Trial Imaging refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Middle East & Africa Clinical Trial Imaging Market Segmentation 

    The Middle East & Africa clinical trial imaging market is segmented on the basis of modality, offering, end user, and country.

    Based on modality, the Middle East & Africa clinical trial imaging market is segmented into tomography, magnetic resonance imaging (MRI), ultrasound, positron emission tomography (PET), X-ray, echocardiography, and others. The tomography segment registered the largest market share in 2023.

    Based on offering, the Middle East & Africa clinical trial imaging market is segmented into operational imaging services, imaging software, read analysis services, trial design and consulting services, and others. The operational imaging services segment held the largest market share in 2023.

    Based on end user, the Middle East & Africa clinical trial imaging market is segmented into contract research organizations (CROs), pharmaceutical and biotechnology companies, academic and research institutes, and others. The contract research organizations (CROs) segment held the largest market share in 2023. 

    Based on country, the market is segmented into UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. South Africa dominated the market share in 2023. 

    eResearch Technology Inc, ICON PLC, Medical Metrics Inc, VIDA Diagnostics Inc, and WCG Clinical Inc are the leading companies operating in the Middle East & Africa clinical trial imaging market.

    The List of Companies - Middle East & Africa Clinical Trial Imaging Market

    1. eResearch Technology Inc
    2. ICON PLC
    3. Medical Metrics Inc
    4. VIDA Diagnostics Inc
    5. WCG Clinical Inc

     

    Frequently Asked Questions
    How big is the Middle East & Africa Clinical Trial Imaging Market?

    The Middle East & Africa Clinical Trial Imaging Market is valued at US$ 54.01 Million in 2023, it is projected to reach US$ 72.43 Million by 2028.

    What is the CAGR for Middle East & Africa Clinical Trial Imaging Market by (2023 - 2028)?

    As per our report Middle East & Africa Clinical Trial Imaging Market, the market size is valued at US$ 54.01 Million in 2023, projecting it to reach US$ 72.43 Million by 2028. This translates to a CAGR of approximately 6.0% during the forecast period.

    What segments are covered in this report?

    The Middle East & Africa Clinical Trial Imaging Market report typically cover these key segments-

    • Modality (Tomography, Magnetic Resonance Imaging, Ultrasound, Positron Emission Tomography, X-Ray, Echocardiography)
    • Offering (Operational Imaging Services, Imaging Software, Read Analysis Services, Trial Design and Consulting Services)
    • End User (Contract Research Organizations, Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, Others)

    What is the historic period, base year, and forecast period taken for Middle East & Africa Clinical Trial Imaging Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Clinical Trial Imaging Market report:

  • Historic Period : 2021-2022
  • Base Year : 2023
  • Forecast Period : 2024-2028
  • Who are the major players in Middle East & Africa Clinical Trial Imaging Market?

    The Middle East & Africa Clinical Trial Imaging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • eResearch Technology Inc
  • ICON PLC
  • Medical Metrics Inc
  • VIDA Diagnostics Inc
  • WCG Clinical Inc
  • Who should buy this report?

    The Middle East & Africa Clinical Trial Imaging Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Middle East & Africa Clinical Trial Imaging Market value chain can benefit from the information contained in a comprehensive market report.