Importance of Radiology in Healthcare

Size of the Market - Focus on Subsaharan Africa

Trends of the Market ( AI, Mobility, Regulation)

Big players offer and Market Share

New comers - Start-ups (Software and Hardware)

Innovations in Africa and opportunities

1. Global Health Imaging Market: Size & Significance

• The global medical imaging market was valued at approximately USD 43.9 billion in 2024, and is forecasted to grow to USD 46 billion by 2025, reaching up to USD 75–82 billion by 2029–2034. This translates to an annual growth rate (CAGR) of around 5–6%.

• A related segment—diagnostic imaging services—was estimated at USD 564.6 billion in 2025, projected to nearly reach USD 932 billion by 2034, growing at a CAGR of 5.7%.

Impact on Healthcare Pathways

Health imaging is pivotal across the continuum of care:

• Accelerates early disease detection (e.g., cancer, vascular conditions).

• Enhances treatment planning and monitoring.

• Optimizes health resource allocation.

• Enables data-driven health systems through real-world imaging insights.

2. AI Driving Transformation in Health Imaging

• The AI in medical imaging market globally was valued at USD 1.3 billion in 2022, with forecasts predicting a massive expansion—CAGR of 30.5–31.5% through 2030.

• In the Middle East & Africa, this AI segment is expected to rise from USD 18.6 million in 2022 to around USD 180 million by 2030, growing at 32.8% CAGR.

• Specifically, in South Africa, AI in imaging revenue is projected to grow from USD 5 million (2022) to USD 50 million by 2030—a growth rate of 33.3% CAGR.

AI’s Role in Health Pathways

• Enables automated image analysis, aiding early diagnosis and decision support.

• Facilitates task-shifting in resource-constrained settings.

• Provides opportunities for real-world evidence (RWE) generation to inform health policy.

• Opens new entrepreneurial and regulatory pathways through adaptive AI deployment.

3. State of the Art & Market Landscape in Africa

Market Opportunity in Africa

• Currently underserved due to supply chain, infrastructure, regulatory, and financing constraints.

• AI and digital solutions have the potential to leapfrog traditional barriers, democratizing access to imaging diagnostics.

• AIMS Pharma and similar innovators can capitalize on this through:

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Summary: Opportunity Snapshot

• The health imaging industry is booming globally, driven by aging populations and enhanced healthcare spending.

• AI is accelerating change—especially through automation and remote diagnostics.

• In Africa, adoption is nascent but growing rapidly, creating spaces for tailored solutions and scalable innovations.

• Entrepreneurs and regulators working collaboratively can unlock meaningful impact, improve diagnosic access, and tap stimulating new markets.

Established Medical Imaging Leaders

Major global manufacturers maintain a strong presence across the continent, especially in South Africa:

• GE Healthcare, Siemens Healthineers, Philips, Canon, Fujifilm — recognized as the top providers of diagnostic imaging equipment (e.g., MRI, CT, X‑ray) in South Africa.

• AXIM — the largest independent radiology solutions supplier in Southern Africa, offering consumables, contrast agents, PACS systems, and capital imaging equipment.

• Leading radiology service chains such as Diagnostic Radiological Services, Morton & Partners Radiologists, and others deploy modern multi-modal imaging across the region.

• Siemens Healthineers has extended its reach via training centers in South Africa, Kenya, and Egypt, and equipped regional hospitals in Ethiopia with digital radiography units.

These players supply traditional imaging and training infrastructure, claiming wide geographical coverage and reliability—but often operate at scale-focused models with high-cost equipment designed for resource-rich settings.

Emerging Startups Driving Innovation in Imaging & AI

A wave of African innovators is reshaping medical imaging by integrating AI and portable technologies:

• CapeRay (South Africa): Designs and manufactures imaging solutions specifically for breast cancer detection.

• Neural Labs Africa (Kenya): Delivers AI-powered diagnostic imaging tools (details undisclosed).

• Envisionit Deep AI (South Africa): Secured $1.65M funding to boost access to diagnostic imaging using AI-driven tools.

• Rology (Egypt): An AI-assisted teleradiology platform revolutionizing diagnostic access where radiologists are scarce.

• minoHealth AI Labs (Ghana): Building an AI “ChatGPT-like” model for radiology (minoChat), supported by the Gates Foundation.

Additionally, organizations like AMREF are deploying mobile imaging units—equipped with ultrasound, X-ray, and diagnostic labs—to bring imaging to remote communities.

Summary: Competitive Landscape & Differentiators

Established Medical Imaging Leaders

Major global manufacturers maintain a strong presence across the continent, especially in South Africa:

• GE Healthcare, Siemens Healthineers, Philips, Canon, Fujifilm — recognized as the top providers of diagnostic imaging equipment (e.g., MRI, CT, X‑ray) in South Africa.

• AXIM — the largest independent radiology solutions supplier in Southern Africa, offering consumables, contrast agents, PACS systems, and capital imaging equipment.

• Leading radiology service chains such as Diagnostic Radiological Services, Morton & Partners Radiologists, and others deploy modern multi-modal imaging across the region.

• Siemens Healthineers has extended its reach via training centers in South Africa, Kenya, and Egypt, and equipped regional hospitals in Ethiopia with digital radiography units.

These players supply traditional imaging and training infrastructure, claiming wide geographical coverage and reliability—but often operate at scale-focused models with high-cost equipment designed for resource-rich settings.

Emerging Startups Driving Innovation in Imaging & AI

A wave of African innovators is reshaping medical imaging by integrating AI and portable technologies:

• CapeRay (South Africa): Designs and manufactures imaging solutions specifically for breast cancer detection.

• Neural Labs Africa (Kenya): Delivers AI-powered diagnostic imaging tools (details undisclosed).

• Envisionit Deep AI (South Africa): Secured $1.65M funding to boost access to diagnostic imaging using AI-driven tools.

• Rology (Egypt): An AI-assisted teleradiology platform revolutionizing diagnostic access where radiologists are scarce.

• minoHealth AI Labs (Ghana): Building an AI “ChatGPT-like” model for radiology (minoChat), supported by the Gates Foundation.

Additionally, organizations like AMREF are deploying mobile imaging units—equipped with ultrasound, X-ray, and diagnostic labs—to bring imaging to remote communities.

Summary: Competitive Landscape & Differentiators

AIMS Pharma’s competitive advantage lies in building an AI-integrated, distributed imaging network that aligns with local infrastructure, paired with training and telemedicine integrations. Unlike traditional players, startups, or NGOs alone, AIMS Pharma offers end-to-end innovation—from AI diagnostics and service delivery logistics to capacity-building across resource-constrained environments.

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