MRI Systems Market

MRI Systems Market by Architecture (Open, Closed), Field Strength (Low-to-mid (1.5T, 3T), High & ultra-high (>4T)), Application (Neuro, Spinal, Pelvic, Breast, Cardiology), End User, Unmet Need & Buying Criteria - Global Forecast to 2028

Report Code: MD 3220 Oct, 2023, by marketsandmarkets.com

The global MRI systems market in terms of revenue was estimated to be worth $5.2 billion in 2023 and is poised to reach $6.6 billion by 2028, growing at a CAGR of 5.0% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. Increasing establishment of hospitals, rising use of hybrid MRI systems, and introduction of novel technologies are expected to drive the market during the forecast period. Hybrid MRI systems helps to improve the diagnostic accuracy. Recent technological improvements increases the diagnostic confidence and supports early detection.

Global MRI Systems Market

MRI Systems Market

To know about the assumptions considered for the study, Request for Free Sample Report

MRI Systems Market

e- Estimated; p- Projected

MRI Systems Market: Market Dynamics

Driver: Growing geriatric population and subsequent rise in the associated diseases

Globally, the risk of developing diseases is consistently increasing. According to American Medical Association, by the year 2020 nearly 60% of individuals aged 65 and above in the US will be living with more than one chronic condition. The rapid growth in baby boomer population, the prevalence of age-related complications and  diseases such as CVDs, Alzheimer’s disease, cancer is consistently rising. According to the US Census Bureau’s ‘An Aging World Report 2015’ estimates that, by 2050, the number of people over 65 years will constitute 16.7% of the global population. According to GLOBOCAN 2020, about 18.1 million new cancer cases were estimated to be diagnosed globally in 2020.

Restraint: High cost of MRI systems

MRI machines come in a variety of sizes and magnetic strengths. The average sales price for MRI varies as per the field strength and architecture. The price of 1.5T MRI systems and less is approximately USD 1-2 million. While 1.5T MRI systems with superconducting magnets might cost from USD 1.5–3 million. Similarly, high-field (3T) MRI systems cost approximately USD 2.5–5 million.

The cost of MRI systems increases with their features. The superconducting magnet system in an MRI scanner represents around 30% of the cost of the entire system and costs approximately USD 700,000 per Tesla (T). Additionally, the system requires a separate room and an MRI suite, which can cost USD 3–5 million. In addition, recurrent expenses in the form of maintenance are broadly similar to the purchase cost of these systems that cost around USD 100,000. Due to high costs, the small end user facilities depend on government and private insurance bodies for financing. This factor is also limiting the adoption of MRI systems among several end users with controlled budgets.

Opportunity: Growth opportunities in emerging countries

Developing economies offer high growth opportunities for key players operating in the MRI systems market. Developing economies such as India, China, Brazil, South Korea, Turkey, Russia, and South Africa offers high growth opportunities. For instance, The Indian government has launched the Ayushman Bharat program to provide insurance scheme. The  higher incidence of chronic diseases—such as stroke, cancer, and neurological and cardiovascular diseases—and the higher death rates in these countries show the need for early detection. For instance, as per the GLOBOCAN 2020 data, roughly over 50% of the global cancer population belongs to developing regions. The key market players are adopting various growth strategies to strengthen their foothold in this region. Regulatory bodies in the asia pacific region gas comparatively more friendly and adaptive. Furthermore, the growth in the  emerging economies is accompanied by favourable government and private policies to enhance access to MR imaging, including the provision of reimbursement.

Challenge: Shortage of trained professionals

Hands-on experience and technical skill and are critical to handle advanced and sophisticated MRI systems. However, major healthcare markets (such as the US, the UK, Canada, and Australia) are witnessing a severe shortage of well-trained sonographers. According to the US Bureau of Labor Statistics, the demand for diagnostic medical sonographers is projected to grow 10% from 2021 to 2031, which is faster than the average for all other occupations. As of 2020, in Sao Paulo, Brazil, there were ten radiologists per every 100,000 inhabitants; in the northern part of the country, there were less than three radiologists for every 100,000 inhabitants.

Market Ecosystem

MRI Systems Market Ecosystem

By field strength, the high and very-high-field MRI systems segment accounted for the largest share of the MRI systems industry in 2022.

Based on field strength, the MRI systems market is segmented into low-to-mid-field MRI systems, high and very-high-field MRI systems, and ultra-high-field MRI systems. In 2022, high and very-high-field MRI systems segment accounted for the largest market share. The rising use of advanced instruments supporting accurate diagnosis and availability of systems with better sensitivity is driving the segment growth.

By application, the brain & neurological MRI segment of the MRI systems industry to register significant growth in the near future.

Based on application, the MRI systems market is segmented into brain and neurological MRI, spine and musculoskeletal MRI, pelvic and abdominal MRI, vascular MRI, breast MRI, cardiac MRI, and other applications. The brain and neurological MRI segment of the MRI systems market by application to register the highest growth rate during the forecast period. The major factors responsible for the highest growth rate of this segment are the advanced AI features and rising use of novel equipment that allows precise targeting of internal organs supporting real-time imaging.

By architecture, the closed MRI systems segment held the largest share of the MRI systems industry in 2022.

Based on architecture, the MRI systems market is segmented into open MRI systems and closed MRI systems. The closed MRI systems segment held the largest market share in 2022. The large share of this segment can be attributed to the excellent image quality obtained through the wide-bore MRI systems and new product launched by the key market players.

By end user, the hospitals segment accounted for the largest share of the MRI systems industry in 2022.

Based on end user, the global MRI systems market is segmented into hospitals, diagnostic imaging centers, and other end users. In 2022, hospitals segment accounted for the largest market share. The highest share of this segment is attributed to the rising utilization of advanced MRI systems at the hospitals for accurate diagnosis and increasing awaness for early diagnosis. This is primarily attributed to therecent product launches, the rising adoption advanced systems with improved features in hospitals supporting patient care, and increasing number of imaging procedures performed in hospitals.

By region, Asia Pacific is expected to be the largest region of the MRI systems industry during the forecast period.

Asia Pacific accounted for the largest MRI systems market share in 2022. Factors such as increasing applications in the healthcare sector and favourable funding scenario to promote installations by the end user facilities. Rapid growth in the old age population in the region and establishment of the diagnostic imaging centers are supporting the growth of the market.

MRI Systems Market by Region

To know about the assumptions considered for the study, download the pdf brochure

As of 2022, prominent players in the market are Siemens Healthineers (Germany), GE Healthcare (US), and Koninklijke Philips N.V. (Netherlands).

Scope of the MRI Systems Industry:

Report Metric

Details

Market Value in 2023

$5.2 billion

Estimated Value by 2028

$6.6 billion

Revenue Rate

Poised to grow at a CAGR of 5.0%

Market Driver

Growing geriatric population and subsequent rise in the associated diseases

Market Opportunity

Growth opportunities in emerging countries

This report has segmented the global MRI systems market to forecast revenue and analyze trends in each of the following submarkets:

By Field Strength

  • Low-to-mid-field MRI Systems
  • High & very-high-field MRI Systems
  • Ultra-high-field MRI Systems

By Architecture

  • Closed MRI Systems
  • Open MRI Systems

By Application

  • Brain and Neurological MRI
  • Spine and Musculoskeletal MRI
  • Pelvic and Abdominal MRI
  • Vascular MRI
  • Breast MRI
  • Cardiac MRI
  • Other Applications

By End User

  • Hospitals
  • Diagnostic Imaging Centers
  • Other End Users

By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa

Recent Developments MRI Systems Industry

  • In 2022, Siemens Healthineers (Germany) launched a new MRI system for mobile use. The Magnetom Viato.Mobile system is equipped with latest advancements and can be used anywhere.
  • Siemens Healthineers (Germany) launched a new whole-body MRI scanner Magentom Free Star has AI-based reconstructed algorithms and provides superior image quality
  • GE Healthcare (US) introduced a new 3.0T MRI system. SIGNA Hero has features like better image quality, enhanced productivity, and improved patient care.

Frequently Asked Questions (FAQ):

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 26)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 INCLUSIONS & EXCLUSIONS 
    1.4 MARKET SEGMENTATION 
           1.4.1 MARKETS COVERED
           1.4.2 REGIONS COVERED
           1.4.3 YEARS CONSIDERED
           1.4.4 CURRENCY CONSIDERED
    1.5 RESEARCH LIMITATIONS 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
           1.7.1 RECESSION IMPACT
 
2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH APPROACH 
          FIGURE 1 RESEARCH DESIGN
           2.1.1 SECONDARY RESEARCH
           2.1.2 PRIMARY RESEARCH
                    2.1.2.1 Primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primaries
                                FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS
                                FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,  AND REGION
    2.2 MARKET SIZE ESTIMATION 
          FIGURE 4 HYPOTHESIS BUILDING
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Company revenue estimation
                                FIGURE 5 MARKET SIZE ESTIMATION: COMPANY REVENUE ESTIMATION
                                FIGURE 6 REVENUE SHARE ANALYSIS: ILLUSTRATIVE EXAMPLE OF SIEMENS HEALTHINEERS
                    2.2.1.2 Customer-based market estimation
                                FIGURE 7 BOTTOM-UP APPROACH
                    2.2.1.3 Growth forecast
                    2.2.1.4 CAGR projections
                                FIGURE 8 SUPPLY-SIDE ANALYSIS: CAGR PROJECTIONS
    2.3 DATA TRIANGULATION 
          FIGURE 9 DATA TRIANGULATION
    2.4 MARKET SHARE ESTIMATION 
    2.5 STUDY ASSUMPTIONS 
    2.6 RISK ASSESSMENT 
          TABLE 1 RISK ASSESSMENT: MRI SYSTEMS MARKET
    2.7 IMPACT OF RECESSION ON MRI SYSTEMS MARKET 
 
3 EXECUTIVE SUMMARY (Page No. - 43)
    FIGURE 10 MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023 VS. 2028 (USD MILLION)
    FIGURE 11 MRI SYSTEMS MARKET, BY ARCHITECTURE, 2023 VS. 2028 (USD MILLION)
    FIGURE 12 MRI SYSTEMS MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)
    FIGURE 13 MRI SYSTEMS MARKET, BY END USER, 2023 VS. 2028 (USD MILLION)
    FIGURE 14 REGIONAL SNAPSHOT: MRI SYSTEMS MARKET
 
4 PREMIUM INSIGHTS (Page No. - 47)
    4.1 MRI SYSTEMS MARKET OVERVIEW 
          FIGURE 15 RISING PREVALENCE OF CHRONIC DISEASES TO DRIVE MARKET
    4.2 EUROPE: MRI SYSTEMS MARKET, BY FIELD STRENGTH,  2023–2028 (USD MILLION) 
          FIGURE 16 HIGH & VERY-HIGH-FIELD MRI SYSTEMS DOMINATED EUROPEAN  MARKET IN 2022
    4.3 NORTH AMERICA: MRI SYSTEMS MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 
          FIGURE 17 BRAIN AND NEUROLOGICAL MRI TO COMMAND LARGEST SHARE IN NORTH AMERICAN MARKET DURING FORECAST PERIOD
    4.4 ASIA PACIFIC: MRI SYSTEMS MARKET, BY END USER,  2023–2028 (USD MILLION) 
          FIGURE 18 HOSPITALS TO HOLD LARGEST SHARE IN ASIA PACIFIC MARKET
    4.5 GEOGRAPHICAL SNAPSHOT: MRI SYSTEMS MARKET 
          FIGURE 19 CHINA TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 50)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 20 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: MRI SYSTEMS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Growing geriatric population and rising prevalence of associated diseases
                                TABLE 2 PREVALENCE OF AGE-RELATED DISEASES
                    5.2.1.2 Increasing demand for early diagnosis and screening of diseases
                    5.2.1.3 Technological advancements in MRI systems
                                TABLE 3 TECHNOLOGICAL ADVANCEMENTS IN MRI SYSTEMS
                    5.2.1.4 Increasing investments, funds, and grants by public-private organizations
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of MRI systems
                    5.2.2.2 Incompatibility of MRI systems with non-MRI-conditional devices
                    5.2.2.3 Unfavorable reimbursement scenario
                    5.2.2.4 Shortage of helium
           5.2.3 OPPORTUNITIES
                    5.2.3.1 High growth potential in emerging economies
                    5.2.3.2 Adoption of AI and analytics in MRI systems
                    5.2.3.3 Increasing number of hospitals and diagnostic imaging centers
                    5.2.3.4 Introduction of hybrid or fusion MRI systems
           5.2.4 CHALLENGES
                    5.2.4.1 Decline in proposed budget for healthcare organizations
                    5.2.4.2 Dearth of trained and skilled professionals
    5.3 PRICING ANALYSIS 
          TABLE 4 REGIONAL PRICING ANALYSIS OF MRI SYSTEMS, 2022 (USD)
    5.4 VALUE CHAIN ANALYSIS 
          FIGURE 21 VALUE CHAIN ANALYSIS
    5.5 ECOSYSTEM MARKET MAP 
    5.6 SUPPLY CHAIN ANALYSIS 
          FIGURE 22 SUPPLY CHAIN ANALYSIS
    5.7 PORTER’S FIVE FORCES ANALYSIS 
          TABLE 5 PORTER’S FIVE FORCES ANALYSIS: MRI SYSTEMS MARKET
    5.8 REGULATORY LANDSCAPE 
          TABLE 6 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.8.1 NORTH AMERICA
                    5.8.1.1 US
                                TABLE 7 US FDA: MEDICAL DEVICE CLASSIFICATION
                                TABLE 8 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
                    5.8.1.2 Canada
                                TABLE 9 CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
           5.8.2 EUROPE
           5.8.3 ASIA PACIFIC
                    5.8.3.1 Japan
                                TABLE 10 JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA
                    5.8.3.2 China
                                TABLE 11 CHINA: CLASSIFICATION OF MEDICAL DEVICES
                    5.8.3.3 India
    5.9 TECHNOLOGY ANALYSIS 
    5.10 REIMBURSEMENT ANALYSIS 
           TABLE 12 MEDICAL REIMBURSEMENT CODES FOR MRI PROCEDURES IN US, 2022
    5.11 TRADE ANALYSIS 
           TABLE 13 IMPORT DATA FOR MRI SYSTEMS, BY COUNTRY, 2018-2022 (USD THOUSAND)
           TABLE 14 EXPORT DATA FOR MRI SYSTEMS, BY COUNTRY, 2018-2022 (USD THOUSAND)
    5.12 PATENT ANALYSIS 
           FIGURE 23 TOP 10 PATENT APPLICANTS FOR MRI SYSTEMS (JANUARY 2012–DECEMBER 2022)
    5.13 CASE STUDY ANALYSIS 
           TABLE 15 CASE STUDY: REVEALING SMALL LIVER METASTASES USING MR-PET SCANS THAT ARE NOT VISIBLE BY PET/CT SCANS
    5.14 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS
                     TABLE 16 KEY REQUIREMENTS OF STAKEHOLDERS ON BUYING CRITERIA OF MRI SYSTEMS
           5.14.2 IMPACT ANALYSIS OF KEY BUYING CRITERIA
                     TABLE 17 KEY REQUIREMENTS OF STAKEHOLDERS ON BUYING CRITERIA OF MRI SYSTEMS
    5.15 KEY CONFERENCES & EVENTS, 2023–2024 
           TABLE 18 LIST OF MAJOR CONFERENCES & EVENTS, 2023–2024
 
6 MRI SYSTEMS MARKET, BY FIELD STRENGTH (Page No. - 75)
    6.1 INTRODUCTION 
          TABLE 19 MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
    6.2 HIGH & VERY-HIGH-FIELD MRI SYSTEMS 
          TABLE 20 MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD MRI SYSTEMS, BY TYPE,  2021–2028 (USD MILLION)
          TABLE 21 MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD MRI SYSTEMS, BY REGION,  2021–2028 (USD MILLION)
          TABLE 22 MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD MRI SYSTEMS, BY APPLICATION, 2021–2028 (USD MILLION)
          TABLE 23 MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD MRI SYSTEMS, BY END USER,  2021–2028 (USD MILLION)
           6.2.1 1.5T MRI SYSTEMS
                    6.2.1.1 Increased use in routine examinations and cardiac imaging to drive segment
                                TABLE 24 1.5T MRI SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
           6.2.2 3T MRI SYSTEMS
                    6.2.2.1 Growing use in hospitals and diagnostic imaging centers to drive segment
                                TABLE 25 3T MRI SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
    6.3 LOW-TO-MID-FIELD MRI SYSTEMS 
           6.3.1 LOWER COST, EASIER INSTALLATION, AND LESSER ELECTRICITY CONSUMPTION TO DRIVE MARKET
                    TABLE 26 MRI SYSTEMS MARKET FOR LOW-TO-MID-FIELD MRI SYSTEMS, BY REGION,  2021–2028 (USD MILLION)
                    TABLE 27 MRI SYSTEMS MARKET FOR LOW-TO-MID-FIELD MRI SYSTEMS, BY APPLICATION,  2021–2028 (USD MILLION)
                    TABLE 28 MRI SYSTEMS MARKET FOR LOW-TO-MID-FIELD MRI SYSTEMS, BY END USER,  2021–2028 (USD MILLION)
    6.4 ULTRA-HIGH-FIELD MRI SYSTEMS 
           6.4.1 HIGHER RESOLUTION, BETTER INTRINSIC SNR, AND IMPROVED CONTRAST TO DRIVE MARKET
                    TABLE 29 MRI SYSTEMS MARKET FOR ULTRA-HIGH-FIELD MRI SYSTEMS, BY REGION,  2021–2028 (USD MILLION)
                    TABLE 30 MRI SYSTEMS MARKET FOR ULTRA-HIGH-FIELD MRI SYSTEMS, BY APPLICATION,  2021–2028 (USD MILLION)
                    TABLE 31 MRI SYSTEMS MARKET FOR ULTRA-HIGH-FIELD MRI SYSTEMS, BY END USER,  2021–2028 (USD MILLION)
 
7 MRI SYSTEMS MARKET, BY ARCHITECTURE (Page No. - 84)
    7.1 INTRODUCTION 
          TABLE 32 MRI SYSTEMS MARKET, BY ARCHITECTURE, 2021–2028 (USD MILLION)
    7.2 CLOSED MRI SYSTEMS 
          TABLE 33 MRI SYSTEMS MARKET FOR CLOSED MRI SYSTEMS, BY TYPE, 2021–2028 (USD MILLION)
          TABLE 34 MRI SYSTEMS MARKET FOR CLOSED MRI SYSTEMS, BY REGION,  2021–2028 (USD MILLION)
           7.2.1 STANDARD BORE MRI SYSTEMS
                    7.2.1.1 Higher accuracy and improved sensitivity to drive segment
                                TABLE 35 STANDARD BORE MRI SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
           7.2.2 WIDE-BORE MRI SYSTEMS
                    7.2.2.1 High-quality MRI images and improved patient comfort to drive segment
                                TABLE 36 WIDE-BORE MRI SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
    7.3 OPEN MRI SYSTEMS 
           7.3.1 LONG SCANNING TIME AND POOR IMAGE QUALITY TO LIMIT MARKET
                    TABLE 37 MRI SYSTEMS MARKET FOR OPEN MRI SYSTEMS, BY REGION,  2021–2028 (USD MILLION)
 
8 MRI SYSTEMS MARKET, BY APPLICATION (Page No. - 89)
    8.1 INTRODUCTION 
          TABLE 38 MRI SYSTEMS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
           8.1.1 BRAIN AND NEUROLOGICAL MRI
                    8.1.1.1 Rising incidence of neurodegenerative diseases to drive market
                                TABLE 39 MRI SYSTEMS MARKET FOR BRAIN AND NEUROLOGICAL MRI, BY REGION,  2021–2028 (USD MILLION)
           8.1.2 SPINE AND MUSCULOSKELETAL MRI
                    8.1.2.1 Growing demand for spinal MRI in geriatric population to drive market
                                TABLE 40 MRI SYSTEMS MARKET FOR SPINE AND MUSCULOSKELETAL MRI, BY REGION,  2021–2028 (USD MILLION)
           8.1.3 VASCULAR MRI
                    8.1.3.1 Rising incidence of vascular disorders to drive market
                                TABLE 41 MRI SYSTEMS MARKET FOR VASCULAR MRI, BY REGION, 2021–2028 (USD MILLION)
           8.1.4 PELVIC AND ABDOMINAL MRI
                    8.1.4.1 Increased use in prostate and cervical cancer detection to drive market
                                TABLE 42 MRI SYSTEMS MARKET FOR PELVIC AND ABDOMINAL MRI, BY REGION,  2021–2028 (USD MILLION)
           8.1.5 BREAST MRI
                    8.1.5.1 Growing awareness about early breast cancer screening to drive market
                                TABLE 43 MRI SYSTEMS MARKET FOR BREAST MRI, BY REGION, 2021–2028 (USD MILLION)
           8.1.6 CARDIAC MRI
                    8.1.6.1 Rising incidence of cardiovascular diseases to drive market
                                TABLE 44 MRI SYSTEMS MARKET FOR CARDIAC MRI, BY REGION, 2021–2028 (USD MILLION)
           8.1.7 OTHER APPLICATIONS
                    TABLE 45 MRI SYSTEMS MARKET FOR OTHER APPLICATIONS, BY REGION,  2021–2028 (USD MILLION)
 
9 MRI SYSTEMS MARKET, BY END USER (Page No. - 96)
    9.1 INTRODUCTION 
          TABLE 46 MRI SYSTEMS MARKET, BY END USER, 2021–2028 (USD MILLION)
    9.2 HOSPITALS 
           9.2.1 INCREASED ADOPTION OF ADVANCED MRI SYSTEMS TO DRIVE MARKET
                    TABLE 47 MRI SYSTEMS MARKET FOR HOSPITALS, BY REGION, 2021–2028 (USD MILLION)
    9.3 DIAGNOSTIC IMAGING CENTERS 
           9.3.1 RISING NUMBER OF PRIVATE IMAGING CENTERS TO DRIVE MARKET
                    TABLE 48 MRI SYSTEMS MARKET FOR DIAGNOSTIC IMAGING CENTERS, BY REGION,  2021–2028 (USD MILLION)
    9.4 OTHER END USERS 
          TABLE 49 MRI SYSTEMS MARKET FOR OTHER END USERS, BY REGION, 2021–2028 (USD MILLION)
 
10 MRI SYSTEMS MARKET, BY REGION (Page No. - 101)
     10.1 INTRODUCTION 
             TABLE 50 MRI SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
     10.2 ASIA PACIFIC 
             FIGURE 24 ASIA PACIFIC: CANCER PREVALENCE, 2012–2020
             FIGURE 25 ASIA PACIFIC: MRI SYSTEMS MARKET SNAPSHOT
             TABLE 51 ASIA PACIFIC: MRI SYSTEMS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 52 ASIA PACIFIC: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
             TABLE 53 ASIA PACIFIC: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 54 ASIA PACIFIC: MRI SYSTEMS MARKET, BY ARCHITECTURE, 2021–2028 (USD MILLION)
             TABLE 55 ASIA PACIFIC: MRI SYSTEMS MARKET FOR CLOSED MRI SYSTEMS, BY TYPE  2021–2028 (USD MILLION)
             TABLE 56 ASIA PACIFIC: MRI SYSTEMS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             TABLE 57 ASIA PACIFIC: MRI SYSTEMS MARKET, BY END USER, 2021–2028 (USD MILLION)
             10.2.1 ASIA PACIFIC: RECESSION IMPACT
             10.2.2 JAPAN
                        10.2.2.1 Japan to dominate Asia Pacific market during forecast period
                                      TABLE 58 JAPAN: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 59 JAPAN: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD MRI SYSTEMS, BY TYPE, 2021–2028 (USD MILLION)
             10.2.3 CHINA
                        10.2.3.1 Increasing government initiatives and growing geriatric population to drive market
                                      TABLE 60 CHINA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 61 CHINA: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS,  BY TYPE, 2021–2028 (USD MILLION)
             10.2.4 INDIA
                        10.2.4.1 Uncertainties in healthcare policies to limit market
                                      TABLE 62 INDIA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 63 INDIA: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE,  2021–2028 (USD MILLION)
             10.2.5 SOUTH KOREA
                        10.2.5.1 Rising R&D funding and increasing government initiatives to drive market
                                      TABLE 64 SOUTH KOREA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 65 SOUTH KOREA: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH FIELD SYSTEMS, BY TYPE, 2021–2028 (USD MILLION)
             10.2.6 AUSTRALIA
                        10.2.6.1 Growing healthcare spending and increasing research funding to drive market
                                      TABLE 66 AUSTRALIA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 67 AUSTRALIA: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE, 2021–2028 (USD MILLION)
             10.2.7 REST OF ASIA PACIFIC
                        TABLE 68 REST OF ASIA PACIFIC: MRI SYSTEMS MARKET, BY FIELD STRENGTH,  2021–2028 (USD MILLION)
                        TABLE 69 REST OF ASIA PACIFIC: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH FIELD  SYSTEMS, BY TYPE, 2021–2028 (USD MILLION)
     10.3 NORTH AMERICA 
             FIGURE 26 NORTH AMERICA: CANCER PREVALENCE, 2012–2020
             FIGURE 27 NORTH AMERICA: MRI SYSTEMS MARKET SNAPSHOT
             TABLE 70 NORTH AMERICA: MRI SYSTEMS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 71 NORTH AMERICA: MRI SYSTEMS MARKET, BY FIELD STRENGTH,  2021–2028 (USD MILLION)
             TABLE 72 NORTH AMERICA: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS,  BY TYPE, 2021–2028 (USD MILLION)
             TABLE 73 NORTH AMERICA: MRI SYSTEMS MARKET, BY ARCHITECTURE,  2021–2028 (USD MILLION)
             TABLE 74 NORTH AMERICA: MRI SYSTEMS MARKET FOR CLOSED MRI SYSTEMS, BY TYPE  2021–2028 (USD MILLION)
             TABLE 75 NORTH AMERICA: MRI SYSTEMS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             TABLE 76 NORTH AMERICA: MRI SYSTEMS MARKET, BY END USER, 2021–2028 (USD MILLION)
             10.3.1 NORTH AMERICA: RECESSION IMPACT
             10.3.2 US
                        10.3.2.1 Rising incidence of chronic diseases to drive market
                                      TABLE 77 US: KEY MACROINDICATORS
                                      TABLE 78 US: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 79 US: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE,  2021–2028 (USD MILLION)
             10.3.3 CANADA
                        10.3.3.1 Rising incidence of heart and kidney diseases to drive market
                                      TABLE 80 CANADA: KEY MACROINDICATORS
                                      TABLE 81 CANADA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 82 CANADA: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE, 2021–2028 (USD MILLION)
     10.4 EUROPE 
             TABLE 83 EUROPE: MRI SYSTEMS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 84 EUROPE: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
             TABLE 85 EUROPE: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE, 2021–2028 (USD MILLION)
             TABLE 86 EUROPE: MRI SYSTEMS MARKET, BY ARCHITECTURE, 2021–2028 (USD MILLION)
             TABLE 87 EUROPE: MRI SYSTEMS MARKET FOR CLOSED MRI SYSTEMS, BY TYPE,  2021–2028 (USD MILLION)
             TABLE 88 EUROPE: MRI SYSTEMS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             TABLE 89 EUROPE: MRI SYSTEMS MARKET, BY END USER, 2021–2028 (USD MILLION)
             10.4.1 EUROPE: RECESSION IMPACT
             10.4.2 GERMANY
                        10.4.2.1 Increasing number of diagnostic imaging centers to drive market
                                      TABLE 90 GERMANY: KEY MACROINDICATORS
                                      TABLE 91 GERMANY: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 92 GERMANY: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE,  2021–2028 (USD MILLION)
             10.4.3 UK
                        10.4.3.1 Increased investments in diagnostic imaging centers to drive market
                                      TABLE 93 UK: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 94 UK: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH FIELD SYSTEMS, BY TYPE,  2021–2028 (USD MILLION)
             10.4.4 FRANCE
                        10.4.4.1 Rising target patient population and increasing government investments to drive market
                                      TABLE 95 FRANCE: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 96 FRANCE: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE,  2021–2028 (USD MILLION)
             10.4.5 ITALY
                        10.4.5.1 Well-established healthcare infrastructure to drive market
                                      TABLE 97 ITALY: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 98 ITALY: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE,  2021–2028 (USD MILLION)
             10.4.6 SPAIN
                        10.4.6.1 Increasing incidence of cancer and growing geriatric population to drive market
                                      TABLE 99 SPAIN: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 100 SPAIN: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE,  2021–2028 (USD MILLION)
             10.4.7 REST OF EUROPE
                        TABLE 101 REST OF EUROPE: MRI SYSTEMS MARKET, BY FIELD STRENGTH,  2021–2028 (USD MILLION)
                        TABLE 102 REST OF EUROPE: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS,  BY TYPE, 2021–2028 (USD MILLION)
     10.5 LATIN AMERICA 
             TABLE 103 LATIN AMERICA: MRI SYSTEMS MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
             TABLE 104 LATIN AMERICA: MRI SYSTEMS MARKET, BY FIELD STRENGTH,  2021–2028 (USD MILLION)
             TABLE 105 LATIN AMERICA: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS,  BY TYPE, 2021–2028 (USD MILLION)
             TABLE 106 LATIN AMERICA: MRI SYSTEMS MARKET, BY ARCHITECTURE 2021–2028 (USD MILLION)
             TABLE 107 LATIN AMERICA: MRI SYSTEMS MARKET FOR CLOSED MRI SYSTEMS, BY TYPE  2021–2028 (USD MILLION)
             TABLE 108 LATIN AMERICA: MRI SYSTEMS MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
             TABLE 109 LATIN AMERICA: MRI SYSTEMS MARKET, BY END USER, 2021–2028 (USD MILLION)
             10.5.1 LATIN AMERICA: RECESSION IMPACT
             10.5.2 BRAZIL
                        10.5.2.1 Increasing disease burden and growing adoption of healthcare insurance to drive market
                                      TABLE 110 BRAZIL: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 111 BRAZIL: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE,  2021–2028 (USD MILLION)
             10.5.3 MEXICO
                        10.5.3.1 Rising government initiatives and funding to drive market
                                      TABLE 112 MEXICO: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2021–2028 (USD MILLION)
                                      TABLE 113 MEXICO: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE,  2021–2028 (USD MILLION)
             10.5.4 REST OF LATIN AMERICA
                        TABLE 114 REST OF LATIN AMERICA: MRI SYSTEMS MARKET, BY FIELD STRENGTH,  2021–2028 (USD MILLION)
                        TABLE 115 REST OF LATIN AMERICA: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE, 2021–2028 (USD MILLION)
     10.6 MIDDLE EAST & AFRICA 
             10.6.1 INCREASING INVESTMENTS BY KEY PLAYERS TO DRIVE MARKET
                        TABLE 116 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET, BY FIELD STRENGTH,  2021–2028 (USD MILLION)
                        TABLE 117 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET FOR HIGH & VERY-HIGH-FIELD SYSTEMS, BY TYPE, 2021–2028 (USD MILLION)
                        TABLE 118 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET, BY ARCHITECTURE,  2021–2028 (USD MILLION)
                        TABLE 119 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET FOR CLOSED MRI SYSTEMS, BY TYPE 2021–2028 (USD MILLION)
                        TABLE 120 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET, BY APPLICATION,  2021–2028 (USD MILLION)
                        TABLE 121 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET, BY END USER,  2021–2028 (USD MILLION)
     10.7 MIDDLE EAST & AFRICA: RECESSION IMPACT 
 
11 COMPETITIVE LANDSCAPE (Page No. - 142)
     11.1 OVERVIEW 
     11.2 KEY STRATEGIES/RIGHT TO WIN 
             FIGURE 28 STRATEGIES ADOPTED BY KEY PLAYERS IN MRI SYSTEMS MARKET
     11.3 REVENUE SHARE ANALYSIS 
             FIGURE 29 REVENUE SHARE ANALYSIS OF TOP THREE PLAYERS (2020–2022)
     11.4 MARKET SHARE ANALYSIS 
             FIGURE 30 SIEMENS HEALTHINEERS COMMANDED LARGEST MARKET SHARE IN 2022
             TABLE 122 DEGREE OF COMPETITION: MRI SYSTEMS MARKET
     11.5 COMPANY EVALUATION MATRIX, 2022 
             11.5.1 STARS
             11.5.2 PERVASIVE PLAYERS
             11.5.3 EMERGING LEADERS
             11.5.4 PARTICIPANTS
                        FIGURE 31 COMPANY EVALUATION MATRIX, 2022
             11.5.5 COMPANY FOOTPRINT
                        TABLE 123 FIELD STRENGTH AND REGIONAL FOOTPRINT: MRI SYSTEMS MARKET
     11.6 START-UP/SME EVALUATION MATRIX, 2022 
             11.6.1 PROGRESSIVE COMPANIES
             11.6.2 RESPONSIVE COMPANIES
             11.6.3 DYNAMIC COMPANIES
             11.6.4 STARTING BLOCKS
                        FIGURE 32 START-UP/SME EVALUATION MATRIX, 2022
             11.6.5 COMPETITIVE BENCHMARKING
                        TABLE 124 DETAILED LIST OF KEY START-UPS/SMES
     11.7 COMPETITIVE SCENARIO AND TRENDS 
             11.7.1 KEY PRODUCT LAUNCHES AND APPROVALS
                        TABLE 125 KEY PRODUCT LAUNCHES AND APPROVALS, JANUARY 2020–OCTOBER 2023
             11.7.2 KEY DEALS
                        TABLE 126 KEY DEALS, JANUARY 2020–JULY 2023
 
12 COMPANY PROFILES (Page No. - 154)
(Business overview, Products/Services/Solutions offered, Recent Developments, MNM view)*
     12.1 KEY PLAYERS 
             12.1.1 SIEMENS HEALTHINEERS
                        TABLE 127 SIEMENS HEALTHINEERS: COMPANY OVERVIEW
                        FIGURE 33 SIEMENS HEALTHINEERS: COMPANY SNAPSHOT (2022)
             12.1.2 GE HEALTHCARE
                        TABLE 128 GE HEALTHCARE: COMPANY OVERVIEW
                        FIGURE 34 GE HEALTHCARE: COMPANY SNAPSHOT (2022)
             12.1.3 KONINKLIJKE PHILIPS N.V.
                        TABLE 129 KONINKLIJKE PHILIPS N.V.: COMPANY OVERVIEW
                        FIGURE 35 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2022)
             12.1.4 FUJIFILM CORPORATION
                        TABLE 130 FUJIFILM CORPORATION: COMPANY OVERVIEW
                        FIGURE 36 FUJIFILM CORPORATION: COMPANY SNAPSHOT (2022)
             12.1.5 CANON INC.
                        TABLE 131 CANON INC.: COMPANY OVERVIEW
                        FIGURE 37 CANON INC.: COMPANY SNAPSHOT (2022)
             12.1.6 FONAR CORPORATION
                        TABLE 132 FONAR CORPORATION: COMPANY OVERVIEW
                        FIGURE 38 FONAR CORPORATION: COMPANY SNAPSHOT (2022)
             12.1.7 ESAOTE S.P.A
                        TABLE 133 ESAOTE SPA: COMPANY OVERVIEW
             12.1.8 SHANGHAI UNITED IMAGING HEALTHCARE CO., LTD.
                        TABLE 134 SHANGHAI UNITED IMAGING HEALTHCARE CO., LTD.: COMPANY OVERVIEW
                        FIGURE 39 SHANGHAI UNITED IMAGING HEALTHCARE CO., LTD.: COMPANY SNAPSHOT (2022)
             12.1.9 ASPECT IMAGING LTD.
                        TABLE 135 ASPECT IMAGING LTD.: COMPANY OVERVIEW
             12.1.10 TIME MEDICAL HOLDING
                        TABLE 136 TIME MEDICAL HOLDING: COMPANY OVERVIEW
             12.1.11 NEUSOFT MEDICAL SYSTEMS CO., LTD.
                        TABLE 137 NEUSOFT MEDICAL SYSTEMS CO., LTD.: COMPANY OVERVIEW
             12.1.12 AURORA HEALTHCARE US CORP.
                        TABLE 138 AURORA HEALTHCARE US CORP.: COMPANY OVERVIEW
             12.1.13 STERNMED GMBH
                        TABLE 139 STERNMED GMBH: COMPANY OVERVIEW
             12.1.14 SHENZHEN BASDA MEDICAL APPARATUS CO., LTD.
                        TABLE 140 SHENZHEN BASDA MEDICAL APPARATUS CO., LTD.: COMPANY OVERVIEW
             12.1.15 XINGAOYI MEDICAL EQUIPMENT CO., LTD.
                        TABLE 141 XINGAOYI MEDICAL EQUIPMENT CO., LTD.: COMPANY OVERVIEW
*Details on Business overview, Products/Services/Solutions offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
     12.2 OTHER PLAYERS 
             12.2.1 MAGNETICA
             12.2.2 HYPERFINE, INC.
             12.2.3 INNERVISION MRI LTD.
             12.2.4 SHENZHEN ANKE HIGH-TECH CO., LTD.
             12.2.5 MEDONICA CO., LTD.
             12.2.6 BEIJING WANDONG MEDICAL TECHNOLOGY CO., LTD.
             12.2.7 NEOSCAN SOLUTIONS GMBH
             12.2.8 KANGDA INTERCONTINENTAL MEDICAL EQUIPMENT CO., LTD.
             12.2.9 MINFOUND MEDICAL SYSTEMS CO., LTD.
             12.2.10 SYNAPTIVE MEDICAL
 
13 APPENDIX (Page No. - 196)
     13.1 DISCUSSION GUIDE 
     13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     13.3 CUSTOMIZATION OPTIONS 
     13.4 RELATED REPORTS 
     13.5 AUTHOR DETAILS 

The study involved four major activities in estimating the current size of the MRI systems market. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial MRI systems market study. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

Primary Research

In the primary research process, various supply and demand sources were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as OEMs, CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations in the MRI systems market. The primary sources from the demand side include medical CDMOs, oncologists, radiologists, doctors, technicians, and service providers. Primary research was conducted to validate the market segmentation, identify key players, and gather insights on key industry trends & key market dynamics.

A breakdown of the primary respondents is provided below:

MRI Systems Market Size, and Share

*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.

Note: Companies are classified into tiers based on their total revenue. As of 2021, Tier 1 = >USD 1,000 million, Tier 2 = USD 500–1,000 million, and Tier 3 = <USD 500 million.

To know about the assumptions considered for the study, download the pdf brochure

Market Estimation Methodology

In this report, the MRI systems market’s size was determined using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the market business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and key marketing executives.

Segmental revenues were calculated based on the revenue mapping of major solution/service providers to calculate the global market value. This process involved the following steps:

  • Generating a list of major global players operating in the MRI systems market.
  • Mapping annual revenues generated by major global players from the product segment (or nearest reported business unit/category)
  • Revenue mapping of major players to cover a major share of the global market share, as of 2022
  • Extrapolating the global value of the MRI systems market industry

MRI Systems Market Size, and Share

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the global MRI systems market was split into segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the MRI systems market was validated using top-down and bottom-up approaches.

Market Definition

Magnetic resonance imaging (MRI) is a diagnostic technique designed to visualize/create images of the internal structures of the human body using magnetic and electromagnetic fields, which induce a resonance effect of hydrogen atoms on body parts. The electromagnetic emission created by these atoms is registered and processed by the associated software to produce images of the body structures. These modalities help healthcare professionals to visualize the internal structure and other surrounding tissues. Magnetic resonance imaging systems are primarily used in hospitals and diagnostic imaging centers.

Key Stakeholders

  • Senior Management
  • End Users
  • R&D Department
  • Finance/Procurement Department

Objectives of the Study

  • To define, describe, and forecast the size of MRI systems market based on field strength, architecture, application, end user, and region
  • To provide detailed information regarding the major factors influencing the growth potential of the global MRI systems market (drivers, restraints, opportunities, challenges, and trends)  
  • To analyze the micro markets with respect to individual growth trends, prospects, and contributions to the global MRI systems market. 
  • To analyze key growth opportunities in the global MRI systems market for key stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of market segments and/or subsegments with respect to five major regions, namely, North America (US and Canada), Europe (Germany, France, the UK, Spain, Italy, and the RoE), Asia Pacific (Japan, China, India, Australia, South Korea, and the RoAPAC), Latin America (Brazil, Mexico, RoLA), and Middle East and Africa.
  • To profile the key players in the MRI systems market and comprehensively analyze their market shares and core competencies.
  • To track and analyze the competitive developments undertaken in the global MRI systems market, such as product launches; agreements; expansions; and mergers & acquisitions.

Available Customizations

With the given market data, MarketsandMarkets offers customizations per the company’s specific needs. The following customization options are available for the present global MRI systems market report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolios of the top five companies

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Geographic Analysis

  • Further breakdown of the Rest of Europe MRI systems market into Russia, Belgium, the Netherlands, Switzerland, Austria, Finland, Sweden, Poland, and Portugal, among others
  • Further breakdown of the Rest of Asia Pacific MRI systems market into Singapore, Taiwan, New Zealand, Philippines, Malaysia, and other APAC countries
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Request Customization

Instant Answers with GPT - Ask Now!

Ask real questions. Get complete answers !
Report Code
MD 3220
Published ON
Oct, 2023
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the MRI Systems Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status Website Feedback