HOME Top Market Reports Magnetic Resonance Imaging (MRI) Systems Market by Architecture (Open MRI, Closed MRI), Field Strength (Low-To-Mid Field (<1.5t), High Field (1.5t-3t), Very High Field (4t-6t)) & Application (Brain, Cardiac, Pelvic, Breast, Musculoskeletal) - Global Forecast to 2021

Magnetic Resonance Imaging (MRI) Systems Market by Architecture (Open MRI, Closed MRI), Field Strength (Low-To-Mid Field (<1.5t), High Field (1.5t-3t), Very High Field (4t-6t)) & Application (Brain, Cardiac, Pelvic, Breast, Musculoskeletal) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: June 2016
Report Code: MD 3220

 

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The global MRI systems market is projected to reach USD 7.19 Billion by 2021 from USD 5.61 Billion in 2016, at a CAGR of 5.1% from 2016 to 2021.

In this report, the global MRI systems market is segmented on the basis of architecture, field strength, application, and region. By architecture, the market is categorized into closed MRI systems and open MRI systems. The MRI systems field strength market is divided into low-to-mid-field MRI (below 1.5T), high-field MRI (1.5T–3T), very-high-field MRI (4T–6T), and ultra-high-field MRI (7T and above). The very-high-field MRI segment is the fastest-growing field strength, while high-field MRI forms the largest field strength segment.

On the basis of field strength, the MRI systems market is categorized into low-to-mid-field MRI, high-field MRI, very-high-field MRI, and ultra-high-field MRI. The high-field MRI emerged as the most widely adopted field strength in the MRI systems market. This can be attributed to the growing number of replacements and increasing number of adoption of advanced products.

Based on application, the MRI systems market is classified into spine & musculoskeletal MRI, brain & neurological MRI, vascular MRI, pelvic & abdominal MRI, breast MRI, and cardiac MRI. In this market, brain & neurological MRI holds the major share followed by spine & musculoskeletal MRI. The high growth rate of this market can be attributed to increasing aging population and growing awareness about early diagnosis.

The rising geriatric population; advancements in MRI techniques such as the development of superconducting (SC) magnets, open architecture, ultra-high-field MRI, and software applications; and the advent of MRI-compatible pacemakers are expected to drive the demand for MRI systems among end users in the forecast period. On the other hand, the high cost of MRI systems, depleting helium gas deposits, and declining reimbursement rates for MRI procedures are expected to affect the growth of the MRI systems market from 2016 to 2021. However, emerging markets (such as China, India, Brazil, and the Middle East), novel application areas such as detection of multiple sclerosis and breast cancer, and the advent of hybrid MRI systems provide new growth opportunities to players in the MRI systems market. Furthermore, dearth of skilled labor and complexity of instrumentation may pose challenges for the growth of this market.

A thorough analysis of this market identified increasing focus on replacement of low-field MRI systems with high-field MRI systems as a major burning issue.

The key players operating in the MRI systems market are GE Healthcare (U.K.), Hitachi Medical Corporation (Japan), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), and Toshiba Medical Systems (Japan)

Stakeholders

  • Academic Institutes
  • Hospitals
  • Research Institutes
  • Diagnostic Centers
  • Medical Device Suppliers
  • Market Research and Consulting Firms

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

Scope of the Report

This study does not cover the accessories, services, and refurbished MRI systems markets


Particular

Scope

Region

North America
Europe
Asia (China, Japan, India and Rest of Asia)
RoW (Brazil, and Other Countries )

Historical Years

2014

Base Year

2015

Estimated Year

2016-e

Forecast Period

2016-e–2021-p

Revenue Currency

USD ($)

Market Segmentation

This research report categorizes the MRI systems market on the basis of architecture, field strength, application, and geographies.

MRI Systems Market, by Architecture

  • Closed MRI systems
  • Open MRI systems

MRI Systems Market, by Field Strength

  • Low-to-mid-field MRI (below 1.5T)
  • High-field MRI (1.5T–3T)
  • Very-high-field MRI (4T–6T)
  • Ultra-high-field MRI (7T and above)

MRI Systems Market, by Application

  • Spine & Musculoskeletal MRI
  • Brain & Neurological MRI
  • Vascular MRI
  • Pelvic & Abdominal MRI
  • Breast MRI
  • Cardiac MRI

MRI Systems Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia
    • China
    • Japan
    • India
    • Rest of Asia
  • RoW (Rest of the World)
    • Brazil
    • Other Countries

Available Customizations

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

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Market Size, By Volume
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Market Size Estimation
    2.2 Market Breakdown and Data Triangulation
           2.2.1 Key Data From Secondary Sources
           2.2.2 Key Data From Primary Sources
                    2.2.2.1 Key Industry Insights
           2.2.3 Assumptions for the Study

3 Executive Summary (Page No. - 28)
    3.1 Introduction
    3.2 Evolution
    3.3 Current Scenario
    3.4 Future Outlook
    3.5 Conclusion

4 Premium Insights (Page No. - 34)
    4.1 MRI Systems Market Overview
    4.2 Geographic Snapshot: MRI Systems Market,  By Application
    4.3 MRI Systems Market, By Region
    4.4 MRI Systems Market, By Architecture
    4.5 MRI Systems Market, By Field Strength
    4.6 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Commercial Products
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Rising Geriatric Population
                    5.3.1.2 Technological Advancements
           5.3.2 Restraints
                    5.3.2.1 High Cost of MRI Systems
                    5.3.2.2 Depleting Helium Gas Deposits
                    5.3.2.3 Declining Reimbursement Rates for MRI Procedures
           5.3.3 Key Opportunities
                    5.3.3.1 Emerging Markets (China, India, Brazil, and the Middle East)
                    5.3.3.2 Novel Application Areas Such as Detection of Multiple Sclerosis and Breast Cancer
                    5.3.3.3 Advent of Hybrid MRI Systems
           5.3.4 Key Challenges
                    5.3.4.1 Dearth of Trained Personnel
           5.3.5 Regulatory Landscape
                    5.3.5.1 U.S.
                    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
           5.3.6 Reimbursement Scenario
           5.3.7 Burning Issues
                    5.3.7.1 Increasing Focus on Replacement of Low-Field MRI Systems With High-Field MRI Systems

6 MRI Systems Market, By Architecture (Page No. - 50)
    6.1 Introduction
    6.2 Closed MRI Systems
    6.3 Open MRI Systems

7 MRI Systems Market, By Field Strength (Page No. - 59)
    7.1 Introduction
    7.2 Low-To-Mid-Field MRI Systems (<1.5T)
    7.3 High-Field MRI Systems (1.5T to 3T)
           7.3.1 1.5T MRI Systems
           7.3.2 3T MRI Systems
    7.4 Very-High-Field MRI Systems (4T to 6T)
    7.5 Ultra-High-Field MRI Systems (7T and Above)

8 MRI Systems Market, By Application (Page No. - 72)
    8.1 Introduction
    8.2 Brain and Neurological MRI
    8.3 Spine and Musculoskeletal MRI
    8.4 Vascular MRI
    8.5 Pelvic and Abdominal MRI
    8.6 Breast MRI
    8.7 Cardiac MRI

9 MRI Systems Market, By Region (Page No. - 89)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 U.K.
           9.3.4 Italy
           9.3.5 Spain
           9.3.6 Rest of Europe (RoE)
    9.4 Asia
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 Rest of Asia (RoA)
    9.5 Rest of the World (RoW)
           9.5.1 Brazil
           9.5.2 Other RoW Countries

10 Competitive Landscape (Page No. - 144)
     10.1 Overview
     10.2 Market Share Analysis
     10.3 Battle for Market Share: New Product Launches—Key Growth Strategy Adopted By Market Players
     10.4 New Product Launches
     10.5 Agreements, Partnerships, and Collaborations
     10.6 Expansions
     10.7 Other Developments

11 Company Profile (Page No. - 151)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Introduction
     11.2 Hitachi Medical Systems (Subsidiary of Hitachi Ltd.)
     11.3 Siemens Healthcare
     11.4 Toshiba Medical Systems Corporation
     11.5 GE Healthcare
     11.6 Philips Healthcare
     11.7 Bruker Corporation
     11.8 Aurora Imaging Technology, Inc.
     11.9 Esaote S.P.A
     11.10 Fonar Corporation
     11.11 Neusoft Medical Systems Co., Ltd.

*Details Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 173)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Other Developments
     12.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.5 Introducing RT: Real-Time Market Intelligence
     12.6 Available Customizations
     12.7 Related Reports


List of Tables (197 Tables)

Table 1 Commercially Available MRI Systems
Table 2 Regulatory Landscape Analysis, By Country
Table 3 Global MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 4 Global MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 5 Closed MRI Systems Market Size, By Region, 2014–2021 (USD Million)
Table 6 Closed MRI Systems Market Size, By Region, 2014–2021 (No. of New Installations Per Year)
Table 7 North America: Closed MRI Systems Market Size, By Country, 2014–2021 (USD Million)
Table 8 Europe: Closed MRI Systems Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 9 Asia: Closed MRI Systems Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 10 RoW: Close MRI Systems Market Size, By Country, 2014–2021 (USD Million)
Table 11 Open MRI Systems Market Size, By Region, 2014–2021 (USD Million)
Table 12 Open MRI Systems Market Size, By Region, 2014–2021 (No. of New Installations Per Year)
Table 13 North America: Open MRI Systems Market Size, By Country, 2014–2021 (USD Million)
Table 14 Europe: Open MRI Systems Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 15 Asia: Open MRI Systems Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 16 RoW: Open MRI Systems Market Size, By Country, 2014–2021 (USD Million)
Table 17 MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 18 MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 19 Low-To-Mid-Field MRI Systems Market Size, By Region, 2014–2021 (USD Million)
Table 20 Low-To-Mid-Field MRI Systems Market Size, By Region, 2014–2021 (No. of New Installations Per Year)
Table 21 North America: Low-To-Mid-Field MRI Systems Market Size, By Country, 2014-2021 (USD Million)
Table 22 Europe: Low-To-Mid Field MRI Systems Market Size, By Country/By Region, 2014-2021 (USD Million)
Table 23 Asia: Low-To-Mid Field MRI Systems Market Size, By Country/By Region, 2014-2021 (USD Million)
Table 24 RoW: Low-To-Mid-Field MRI Systems Market Size, By Country, 2014-2021 (USD Million)
Table 25 High-Field MRI Systems Market Size, By Region, 2014–2021 (USD Million)
Table 26 High-Field MRI Systems Market Size, By Region, 2014–2021 (No. of New Installations Per Year)
Table 27 North America: High-Field MRI Systems Market Size, By Country, 2014-2021 (USD Million)
Table 28 Europe: High-Field MRI Systems Market Size, By Country/By Region, 2014-2021 (USD Million)
Table 29 Asia: High-Field MRI Systems Market Size, By Country/By Region, 2014-2021 (USD Million)
Table 30 RoW: High-Field MRI Systems Market Size, By Country, 2014-2021 (USD Million)
Table 31 1.5T MRI Systems Market Size, 2014-2021 (USD Million)
Table 32 1.5T MRI Systems Market Size, 2014-2021 (No. of Installations)
Table 33 3T MRI Systems Market Size, 2014-2021 (USD Million)
Table 34 3T MRI Systems Market Size, 2014-2021 (No. of Installations)
Table 35 Very-High-Field MRI Systems Market Size, By Region, 2014–2021 (USD Million)
Table 36 Very-High-Field MRI Systems Market Size, By Region, 2014–2021 (No. of New Installations Per Year)
Table 37 North America: Very-High-Field MRI Systems Market Size, By Country, 2014-2021 (USD Million)
Table 38 Europe: Very-High-Field MRI Systems Market Size, By Country/By Region, 2014-2021 (USD Million)
Table 39 Asia: Very-High-Field MRI Systems Market Size, By Country/By Region, 2014-2021 (USD Million)
Table 40 RoW: Very-High-Field MRI Systems Market Size, By Country, 2014-2021 (USD Million)
Table 41 MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 42 Brain and Neurological MRI Market Size, By Region, 2014–2021 (USD Million)
Table 43 North America: Brain and Neurological MRI Market Size, By Country, 2014–2021 (USD Million)
Table 44 Europe: Brain and Neurological MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 45 Asia: Brain and Neurological MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 46 RoW: Brain and Neurological MRI Market Size, By Country, 2014–2021 (USD Million)
Table 47 Spine & Musculoskeletal MRI Market Size, By Region, 2014–2021 (USD Million)
Table 48 North America: Spine & Musculoskeletal MRI Market Size, By Country, 2014–2021 (USD Million)
Table 49 Europe: Spine & Musculoskeletal MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 50 Asia: Spine & Musculoskeletal MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 51 RoW: Spine & Musculoskeletal MRI Market Size, By Country, 2014–2021 (USD Million)
Table 52 Vascular MRI Market Size, By Region, 2014–2021 (USD Million)
Table 53 North America: Vascular MRI Market Size, By Country, 2014–2021 (USD Million)
Table 54 Europe: Vascular MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 55 Asia: Vascular MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 56 RoW: Vascular MRI Market Size, By Country, 2014–2021 (USD Million)
Table 57 Pelvic and Abdominal MRI Market Size, By Region, 2014–2021 (USD Million)
Table 58 North America: Pelvic and Abdominal MRI Market Size, By Country, 2014–2021 (USD Million)
Table 59 Europe: Pelvic and Abdominal MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 60 Asia: Pelvic and Abdominal MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 61 RoW: Pelvic and Abdominal MRI Market Size, By Country, 2014–2021 (USD Million)
Table 62 Breast MRI Market Size, By Region, 2014–2021 (USD Million)
Table 63 North America: Breast MRI Market Size, By Country, 2014–2021 (USD Million)
Table 64 Europe: Breast MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 65 Asia: Breast MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 66 RoW: Breast MRI Market Size, By Country, 2014–2021 (USD Million)
Table 67 Cardiac MRI Market Size, By Region, 2014–2021 (USD Million)
Table 68 North America: Cardiac MRI Market Size, By Country, 2014–2021 (USD Million)
Table 69 Europe: Cardiac MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 70 Asia: Cardiac MRI Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 71 RoW: Cardiac MRI Market Size, By Country, 2014–2021 (USD Million)
Table 72 MRI Systems Market Size, By Region, 2014–2021 (USD Million)
Table 73 North America: MRI Systems Market Size, By Country, 2014–2021 (USD Million)
Table 74 North America: MRI Systems Market Size, By Country, 2014–2021 (No. of New Installations Per Year)
Table 75 North America: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 76 North America: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 77 North America: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 78 North America: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 79 North America: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 80 North America: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 81 U.S.: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 82 U.S.: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 83 U.S.: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 84 U.S.: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 85 U.S.: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 86 U.S.: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 87 Canada: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 88 Canada: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 89 Canada: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 90 Canada: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 91 Canada: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 92 Canada: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 93 Europe: MRI Systems Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 94 Europe: MRI Systems Market Size, By Country/By Region, 2014–2021 (No. of New Installations Per Year)
Table 95 Europe: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 96 Europe: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 97 Europe: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 98 Europe: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 99 Europe: Closed MRI Systems Market, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 100 Europe: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 101 Germany: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 102 Germany: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 103 Germany: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 104 Germany: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 105 Germany: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 106 Germany: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 107 France: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 108 France: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 109 France: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 110 France: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 111 France: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 112 France: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 113 U.K.: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 114 U.K.: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 115 U.K.: MRI Systems Market Size, By Field Strength, 2014–2024 (USD Million)
Table 116 U.K.: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 117 U.K.: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 118 U.K.: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 119 Italy: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 120 Italy: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 121 Italy: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 122 Italy: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 123 Italy: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 124 Italy: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 125 Spain: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 126 Spain: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 127 Spain: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 128 Spain: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 129 Spain: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 130 Spain: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 131 RoE: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 132 RoE: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 133 RoE: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 134 RoE: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 135 RoE: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 136 RoE: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 137 Asia: MRI Systems Market Size, By Country/By Region, 2014–2021 (USD Million)
Table 138 Asia: MRI Systems Market Size, By Country/By Region, 2014–2021 (No. of New Installations Per Year)
Table 139 Asia: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 140 Asia: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 141 Asia: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 142 Asia: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 143 Asia: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 144 Asia: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 145 China: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 146 China: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 147 China: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 148 China: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 149 China: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 150 China: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 151 India: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 152 India: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 153 India: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 154 India: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 155 India: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 156 India: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 157 Japan: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 158 Japan: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 159 Japan: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 160 Japan: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 161 Japan: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 162 Japan: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 163 Japan: MRI Systems Market Size, Total No. of Installations, 2014-2021
Table 164 Japan: MRI Systems Market Size, By Architecture, 2014-2021 (Total No. of Installations)
Table 165 Japan: 1.5T MRI Market Size, 2014-2021 (No. of New Installations Per Year)
Table 166 Japan: 3T MRI Market Size, 2014-2021 (No. of New Installations Per Year)
Table 167 Japan: MRI Market Size, By Application, 2015 (No. of Procedures in Million)
Table 168 RoA: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 169 RoA: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 170 RoA: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 171 RoA: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 172 RoA: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 173 RoA: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 174 RoW: MRI Systems Market Size, By Country, 2014–2021 (USD Million)
Table 175 RoW: MRI Systems Market Size, By Country, 2014–2021 (No. of New Installations Per Year)
Table 176 RoW: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 177 RoW: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 178 RoW: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 179 RoW: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 180 RoW: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 181 RoW: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 182 Brazil: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 183 Brazil: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 184 Brazil: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 185 Brazil: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 186 Brazil: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 187 Brazil: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 188 Other RoW Countries: MRI Systems Market Size, By Architecture, 2014–2021 (USD Million)
Table 189 Other RoW Countries: MRI Systems Market Size, By Architecture, 2014–2021 (No. of New Installations Per Year)
Table 190 Other RoW Countries: MRI Systems Market Size, By Field Strength, 2014–2021 (USD Million)
Table 191 Other RoW Countries: Open MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 192 Other RoW Countries: Closed MRI Systems Market Size, By Field Strength, 2014–2021 (No. of New Installations Per Year)
Table 193 Other RoW Countries: MRI Systems Market Size, By Application, 2014–2021 (USD Million)
Table 194 New Product Launches, 2013–2016
Table 195 Agreements, Partnerships, and Collaborations, 2013–2016
Table 196 Expansions, 2013–2016
Table 197 Other Developments, 2013–2016


List of Figures (54 Figures)

Figure 1 Research Design
Figure 2 Market Size Estimation and Data Triangulation
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Data Triangulation Methodology
Figure 5 MRI Systems Market Snapshot, 2016 vs 2021
Figure 6 Open MRI and High-Field MRI to Play A Crucial Role in the Growth of MRI Industry
Figure 7 Spine & Musculoskeletal MRI Segment to Register Highest Growth From 2016 to 2021
Figure 8 High-Field MRI to Account for the Largest Share of the MRI Systems Market in 2021
Figure 9 Closed MRI Systems to Command the Largest Share of the MRI Systems Market in 2021
Figure 10 Geographical Snapshot: North America to Dominate the MRI Systems Market in 2015
Figure 11 Rise in Geriatric Population and Growing Awareness About Benefits of Early Diagnosis are Major Growth Drivers
Figure 12 Brain & Neurological MRI Dominated the MRI Systems Market in 2015
Figure 13 Asia to Register Highest Growth From 2016 to 2021
Figure 14 Closed MRI Systems Segment to Grow at the Highest Rate From 2016 to 2021
Figure 15 High-Field MRI Segment to Dominate the MRI Systems Market in 2016
Figure 16 Asia Showcases Lucrative Growth Opportunities During the Forecast Period
Figure 17 Global MRI Systems Market: Drivers, Restraints, Opportunities, & Challenges
Figure 18 Percentage of Geriatric Population to the Total Population, By Country, 2015
Figure 19 MRI Regulatory Landscape
Figure 20 Closed MRI Systems to Dominate the MRI Systems Market in 2016
Figure 21 Asia to Register Highest Growth in the Closed MRI Systems Market in the Next Five Years
Figure 22 North America to Account for the Largest Share of the Open MRI Systems Market in 2016
Figure 23 High-Field MRI Systems to Continue to Dominate the Market in the Forecast Period
Figure 24 North America Dominates the Low-To-Mid-Field MRI Systems Market
Figure 25 Asia to Witness Highest Growth in the High-Field MRI Systems Market
Figure 26 Asia Expected to Dominate the Very-High-Field MRI Systems Market in 2021
Figure 27 Brain & Neurological MRI Segment to Dominate the Market During the Forecast Period
Figure 28 Brain and Neurological MRI Market to Witness the Highest Growth in Asia During the Forecast Period
Figure 29 APAC Spine & Musculoskeletal Segment to Grow at the Highest CAGR
Figure 30 Vascular MRI Market to Witness the Highest Growth in Asia
Figure 31 North America to Dominate the Pelvic and Abdominal MRI Market in 2016
Figure 32 Breast MRI to Witness the Highest Growth in the Asian MRI Systems Market
Figure 33 North America Dominates the Cardiac MRI Market in 2016
Figure 34 MRI Systems Market: Technology Adoption & Development Potential, By Region
Figure 35 Asia to Register Highest Growth in the Forecast Period
Figure 36 Asia—An Attractive Region for the Global MRI Market
Figure 37 North America MRI Systems Market Snapshot
Figure 38 Closed MRI Systems to Dominate Market in U.S.
Figure 39 Germany to Dominate the European MRI Systems Market in the Next Five Years
Figure 40 High-Field MRI to Register the Highest Growth From 2016 to 2021
Figure 41 Brain & Neurological MRI is Estimated to Account for the Largest Share of the Germany MRI Systems Market in 2016
Figure 42 Asia MRI Systems Market Snapshot
Figure 43 High-Field MRI Segment to Witness the Highest Growth in the RoW Region
Figure 44 Companies Majorly Pursued the Strategy of New Product Launches From 2013 to June 2016
Figure 45 Global MRI Systems Market Share, By Key Player, 2015
Figure 46 Geographic Revenue Mix of the Top Five Market Players
Figure 47 Hitachi Ltd.: Company Snapshot
Figure 48 Siemens AG: Company Snapshot
Figure 49 Toshiba Corporation: Company Snapshot
Figure 50 GE Healthcare: Company Snapshot
Figure 51 Royal Philips Electronics: Company Snapshot
Figure 52 Bruker Corporation: Company Snapshot
Figure 53 Fonar Corporation: Company Snapshot
Figure 54 Neusoft Medical Systems Co., Ltd.: Company Snapshot

The global MRI systems market is projected to reach USD 7.19 Billion by 2021 from USD 5.61 Billion in 2016, at a CAGR of 5.1% from 2016 to 2021. The MRI systems market is broadly segmented by architecture, field strength, application, and region.

The major factors fuelling market growth are the rising geriatric population; advancements in MRI techniques such as the development of superconducting (SC) magnets, open architecture, ultra-high-field MRI, and software applications; and the advent of MRI-compatible pacemakers are expected to drive the demand for MRI systems among end users in the forecast period. On the other hand, the high cost of MRI systems, depleting helium gas deposits, and declining reimbursement rates for MRI procedures are expected to affect the growth of the MRI systems market from 2016 to 2021. However, emerging markets (such as China, India, Brazil, and the Middle East), novel application areas such as detection of multiple sclerosis and breast cancer, and the advent of hybrid MRI systems provide new growth opportunities to players in the MRI systems market. Furthermore, dearth of skilled labor and complexity of instrumentation may pose challenges for the growth of this market.

On the basis of architecture, the MRI systems market is broadly segmented into closed MRI systems and open MRI systems. The closed MRI systems segment is expected to account for the largest share of the global MRI systems market in 2016.

The MRI systems field strength market is categorized into low-to-mid-field MRI, high-field MRI, very-high-field MRI, and ultra-high-field MRI. In this market, the very-high-field segment is the fastest-growing field strength market segment.

On the basis of applications, the MRI systems market is classified into spine & musculoskeletal MRI, brain & neurological MRI, vascular MRI, pelvic & abdominal MRI, breast MRI, and cardiac MRI. In this market, brain & neurological MRI holds the major share followed by spine & musculoskeletal MRI.

The geographic analysis reveals that in 2016, North America is expected to account for the largest share of the MRI systems market, followed by Asia. Asia will be the fastest-growing region due to factors such as increasing disposable incomes and rising aging population. Europe, on the other hand, is a mature market for MRI systems similar to that of the U.S. Owing to the Eurozone debt crisis, this region is estimated to register slow growth.

The key players operating in the MRI systems market are GE Healthcare (U.K.), Hitachi Medical Corporation (Japan), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), and Toshiba Medical Systems (Japan).

Magnetic Resonance Imaging (MRI) Systems Market

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