Overview

Magnetic Resonance Imaging Systems Market (MRI) is estimated to value over USD 7 billion by 2027 end and register a CAGR of over 5.4% 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 Philips Healthcare, GE Healthcare, Canon Medical Systems, and Siemens Healthineers.

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

Table of Contents

1 Introduction 

1.1 Objectives of the Study 

1.2 Market Definition 

        1.2.1 Markets Covered

        1.2.2 Years Considered for the Study

1.3 Currency 

1.4 Limitations 

1.5 Assumptions 

1.6 Stakeholders 

2 Research Methodology 

2.1 Primary Data 

        2.1.1 Key Data From Primary Sources

        2.1.2 Key Industry Insights

2.2 Secondary Data 

        2.2.1 Key Data From Secondary Sources

2.3 Market Size Estimation 

2.4 Market Breakdown and Data Triangulation 

        2.4.1 Assumptions for the Study

3 Executive Summary 

4 Exclusive Insights 

4.1 MRI Systems Market Overview 

4.2 Asia Pacific magnetic resonance imaging systems market : By Field Strength & Country 

4.3 MRI Scanning Market, Developed vs Developing Countries (2019 vs 2024) 

4.4 Global MRI Systems Market: Geographic Snapshot 

5 Market Overview 

5.1 Introduction 

5.2 Evolution 

5.3 Market Dynamics 

        5.3.1 Drivers

                 5.3.1.1 Discovery of New Helium Deposits

                 5.3.1.2 Technological Advancements

                 5.3.1.3 Increasing Focus on the Replacement of Low-Field MRI Systems With High-Field MRI Systems

                 5.3.1.4 Increasing Geriatric Population

                 5.3.1.5 Rising Awareness on Early Diagnosis

        5.3.2 Restraints

                 5.3.2.1 High Cost of MRI Systems

                 5.3.2.2 Incompatibility of MRI Systems in Some Patient Populations

                 5.3.2.3 Declining Reimbursement Rates for MRI Procedures and Uncertain Outcomes of Healthcare Reforms

        5.3.3 Opportunities

                 5.3.3.1 Emerging Markets

                 5.3.3.2 Novel Application Areas Such as Detection of Multiple Sclerosis and Metastasis in Cancer

                 5.3.3.3 Hybrid MRI Systems

        5.3.4 Challenges

                 5.3.4.1 Dearth of Skilled Personnel

        5.3.5 Regulatory Landscape

                 5.3.5.1 US

                 5.3.5.2 Canada

                 5.3.5.3 Europe

                 5.3.5.4 Australia

                 5.3.5.5 China

                 5.3.5.6 India

                 5.3.5.7 Japan

                 5.3.5.8 South Korea

6 MRI Scanning Market, By Field Strength 

6.1 Introduction 

6.2 High-Field MRI Systems (1.5t to 3t) 

        6.2.1 1.5t MRI Systems

        6.2.2 3t MRI Systems

6.3 Low-To-Mid-Field MRI Systems (<1.5t) 

6.4 Very-High-Field MRI Systems (4t and Above) 

7 MRI Scanning Market, By Architecture 

7.1 Introduction 

7.2 Closed MRI Systems 

7.3 Standard Bore MRI 

7.4 Wide-Bore MRI 

7.5 Open MRI Systems 

8 MRI Scanning Market, By Region 

8.1 Introduction 

8.2 North America 

        8.2.1 US

        8.2.2 Canada

8.3 Europe 

        8.3.1 Germany

        8.3.2 France

        8.3.3 UK

        8.3.4 Italy

        8.3.5 Spain

        8.3.6 Rest of Europe

8.4 Asia Pacific (APAC) 

        8.4.1 China

        8.4.2 Japan

        8.4.3 India

        8.4.4 Rest of Asia Pacific

8.5 Rest of the World (RoW) 

        8.5.1 Brazil

        8.5.2 Other RoW Countries

9 Competitive Landscape 

9.1 Overview 

9.2 Market Share Analysis 

9.3 Competitive Scenario 

        9.3.1 Product Launches and Approvals

        9.3.2 Collaborations, Partnerships, and Agreements

        9.3.3 Acquisitions

        9.3.4 Expansions

10 Company Profiles 

  10.1 Hitachi 

  10.2 Siemens Healthineers 

  10.3 Canon Medical Systems 

  10.4 GE Healthcare 

  10.5 Philips 

  10.6 Aspect Imaging 

  10.7 Bruker 

  10.8 Aurora Imaging Technology 

  10.9 Esaote S.P.A 

  10.10 Fonar 

  10.11 Neusoft Medical Systems 

  10.12 Shenzhen Mindray Bio-Medical Electronics

Chapter 11 Research Finding and Conclusion 

Chapter 12  Research Methodology 

Chapter 13  Research Data Source   

Tables

Figures