No. of Pages: 200 | Report Code: BMIPUB00032173 | Category: Life Sciences
The Africa magnetic resonance imaging (MRI) systems market size is expected to reach US$ 85.3 million by 2031 from US$ 78.7 million in 2024. The market is estimated to record a CAGR of 1.2% from 2025 to 2031.
The Africa magnetic resonance imaging (MRI) systems market is a nascent but expanding sector, driven primarily by a growing burden of chronic diseases and improving healthcare infrastructure. The market is highly diverse, with a contrast between more developed countries and those with limited access to advanced medical technology. South Africa, Egypt, and Nigeria are key markets, characterized by a mix of public and private sector investment. In contrast, many Sub-Saharan countries face significant barriers, including high costs and a lack of skilled personnel.
There is a strong preference for refurbished and low-field MRI systems due to their affordability and lower maintenance requirements. However, this is evolving, with some major urban centers beginning to invest in high-field systems for more specialized diagnostics. The market's growth is constrained by high equipment costs, unstable power supply, and a critical shortage of trained radiologists and technicians, underscoring the challenges and opportunities within this dynamic region.
Key segments that contributed to the derivation of the magnetic resonance imaging (MRI) systems market analysis are type, field strength, mobility, application, and end user.
The African MRI systems market is characterized by wide disparities between urban and rural access, yet demand is steadily growing. A major driver is the increasing role of public-private partnerships (PPPs) in financing, training, and equipment procurement. These models allow hospitals and diagnostic networks to acquire advanced MRI technologies with structured lifecycle support. Rising awareness of early disease detection, particularly for oncology and neurology, is further accelerating adoption. The gradual strengthening of regulatory frameworks and training programs for radiologists are also helping shape a more sustainable market environment.
Based on country, the Africa magnetic resonance imaging (MRI) systems market is segmented into Nigeria, Egypt, South Africa, and Algeria. South Africa held the largest share in 2024.
South Africa dominates the regional adoption of medical technology due to a strong private healthcare sector, which has established hospital networks and is consistently replacing outdated systems. This robust infrastructure, coupled with an economy that can support high-value medical equipment, makes the country a key market. However, the market faces significant restrictions. Its heavy reliance on imports makes it vulnerable to currency fluctuations and high procurement costs. Furthermore, a complex and often lengthy regulatory process through the South African Health Products Regulatory Authority (SAHPRA) can hinder market entry for new devices. The disparity between the well-funded private sector and the under-resourced public health system also limits the widespread adoption of expensive technologies, as a significant portion of the population cannot afford them.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 78.7 Million |
| Market Size by 2031 | US$ 85.3 Million |
| Global CAGR (2025 - 2031) | 1.2% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Africa
|
| Market leaders and key company profiles |
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 are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
Business Market Insights conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:
The Africa Magnetic Resonance Imaging (MRI) Systems Market is valued at US$ 78.7 Million in 2024, it is projected to reach US$ 85.3 Million by 2031.
As per our report Africa Magnetic Resonance Imaging (MRI) Systems Market, the market size is valued at US$ 78.7 Million in 2024, projecting it to reach US$ 85.3 Million by 2031. This translates to a CAGR of approximately 1.2% during the forecast period.
The Africa Magnetic Resonance Imaging (MRI) Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Africa Magnetic Resonance Imaging (MRI) Systems Market report:
The Africa Magnetic Resonance Imaging (MRI) Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Africa Magnetic Resonance Imaging (MRI) Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Africa Magnetic Resonance Imaging (MRI) Systems Market value chain can benefit from the information contained in a comprehensive market report.
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