Africa Magnetic Resonance Imaging (MRI) Market Size

Africa Magnetic Resonance Imaging Market Analysis

The African Magnetic Resonance Imaging Market is expected to register a CAGR of 5.2% over the forecast period.

The COVID-19 pandemic has rendered a severe impact on the African magnetic resonance imaging (MRI) market. The article published in Springer Journal in March 2022 mentioned that during the COVID-19 outbreak in Africa, there were limited human resources, patient overload, and outdated equipment in Africa. The article also mentioned that limitations for infection prevention and control measures coupled with lower vaccine coverage and uptake, efficiency timeliness, and equitability of imaging services had been compromised in Africa. Thus, the COVID-19 pandemic had a notable impact on the MRI market in Africa during the initial stages of the pandemic. However, the relaxation of the strict lockdowns in Africa is expected to regain the pace of Africa's MRI market growth over the forecast period.

The key factors propelling the growth of the African magnetic resonance imaging market are increasing chronic disorders among the African population and rising technological advancement, such as the inclusion of MRI with PET or CT, to provide imaging possibilities with less exposure to harmful radiation. For instance, the article published in Global Heart Journal in January 2021 mentioned that the overall prevalence of multimorbidity from chronic conditions in the Sub Saharan Africa was 28.7%, and the most prevalent diseases were HIV (12.1%), tuberculosis (10.9%) and diabetes (1.8%). Additionally, the article published in NCBI in June 2021 mentioned that the overall prevalence of coronary heart disease and stroke in South Africa was 1.29% and 4.29%, respectively. Such prevalence of chronic diseases among the African population is expected to drive the demand for effective and early diagnosis with MRI, thereby boosting the market's growth.

Moreover, increasing market strategies such as collaborations and partnerships by various key market players to provide advanced diagnostics are also expected to contribute to the market's growth. In August 2022, the Institute of Human Virology in Nigeria (IHVN) entered into a partnership with Fujifilm, and Qure.ai, to help optimize Tuberculosis (TB) screening outreach in Nigeria using imaging diagnostic services. Thus, such developments and partnerships lead to technological developments in the region, thereby fuelling the studied market.

Thus, due to the aforesaid mentioned factors, such as increasing chronic disorders and rising demand for effective and advanced diagnosis, the market is expected to witness significant growth over the forecast period. However, the high cost of magnetic resonance imaging (MRI) systems may slow down its growth over the studied period.