Overview

Magnetic Resonance Imaging Systems Market (MRI) is estimated to value over USD 8 billion by 2027 end and register a CAGR of over 3.7% during the forecast period 2020 to 2027.

The global magnetic resonance imaging market growth can be attributed to the state of the art advancements in products, such as CT and MRI with PET. These products allow for effective imaging with reduced harmful radiation. Furthermore, there is a growing acceptance and availability of MRI in developing nations, along with the rising usage of universal health coverage in developing and developed markets alike. GE, Philips, and Siemens account for some of the major players and have captured the market for the technology used in both the private and public diagnostic centres. However some of the drawbacks are that the refurbished MRI techniques are still commonly used in the developing owing to the easy accessibility as well as the reasonable cost.

As per the segmentation, the MRI market has been fragmented into end-users, application, region, architecture and magnetic field strength. Based on architecture, the market has been bifurcated into Close MRI and Open MRI. In accordance with field strength, the market has been categorized into field different systems which include ultra-high, very high, high, mid, and low. In the case of application, the market has been separated into organ MRI, spine MRI, ultra-brain MRI, as well as extremities. By end-user, the market has been classified into hospitals, clinics and diagnostic centres. The close MRI is one such type segment that controls a large part of the global market in the year 2015,

The global MRI market includes several market players, prominent market players have captured significant market shares. Small scale to midsize companies are making their presence known globally owing to their standards of quality and technological advancements.

Some of these major companies include
Hitachi, Siemens Healthineers, Canon Medical Systems, GE Healthcare, Philips, Aspect Imaging, Bruker, Aurora Imaging Technology, Esaote S.P.A, Fonar, Neusoft Medical Systems, Bio-Medical Electronics

Magnetic Resonance Imaging Systems Market (MRI) Segmentation:

By Field Strength

High-Field MRI Systems (1.5t to 3t)
1.5T MRI Systems
3T MRI Systems
Low-To-Mid-Field MRI Systems (<1.5t)
Very-High-Field MRI Systems (4t and Above)

By Architecture

Closed MRI Systems
Standard Bore MRI
Wide-Bore MRI
Open MRI Systems

By Region

North America
Europe
Asia Pacific (APAC)
Rest of the World

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global magnetic resonance imaging systems market by field strength, by architecture and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific and the rest of the world
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

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