Europe MRI System Market by Component (Magnet, RF Coil, Cooling System, Shim System), Field Strength (1.5T, 3T, 7T), Application (Brain, Spine & MSK, Vascular, Breast, Pediatric, Pelvic, Cardiac), Installed Base & Replacement Rate - Forecast to 2031

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USD 1.40 BN
MARKET SIZE, 2031
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CAGR 5.6%
(2026-2031)
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215
REPORT PAGES
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165
MARKET TABLES

OVERVIEW

Europe MRI System Market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The Europe MRI system market is expected to grow from USD 1.06 billion in 2026 to USD 1.40 billion by 2031, at a CAGR of 5.6% during the forecast period. The regional market is experiencing growth as various clinical, technological and policy-related advancements are driving the industry forward. The combination of an increasing elderly population and rising cancer cases results in greater demand for diagnostic services, which drives hospitals to implement more MRI procedures. The UK and several other nations need to expand their medical imaging capacity due to ongoing imaging backlogs and shortages in qualified personnel. Hospitals receive national and EU funding to upgrade their imaging systems through Al integration and advanced MRI technology implementation. The usage of low-field and portable MRI systems is increasing access to MRI services, while Al-based reconstruction tools enhance scanning efficiency and capacity. The market for medical imaging systems is affected by ongoing replacement cycles, rising demand for specialized MRI systems and environmental sustainability objectives, which include energy reduction and helium conservation efforts. The emergence of new vendors with competitive prices creates procurement challenges that impact purchasing practices across the region.

KEY TAKEAWAYS

  • BY REGION
    Germany accounted for a 26.1% share of the Europe MRI system market in 2025.
  • BY COMPONENT TYPE
    By component type, the magnets & electromagnets segment is expected to register the highest CAGR of 7.1% during the forecast period.
  • BY FIELD STRENGTH
    By field strength, the 3T MRI systems segment is expected to record the highest CAGR of 5.7% between 2026 and 2031.
  • BY ARCHITECTURE
    By architecture, the wide bore MRI systems segment is likely to exhibit a growth rate of 5.6% during the forecast period.
  • BY DESIGN
    By design, the floor fixed MRI systems segment is projected to register a growth rate of 5.5% from 2026 to 2031.
  • BY APPLICATION
    By application, the brain & neurological MRI segment held a 31.1% share of the Europe MRI system market in 2025.
  • BY END USER
    By end user, the hospitals segment held a 53.1% share of the MRI system market in 2025.
  • COMPETITIVE LANDSCAPE - KEY PLAYERS
    Companies GE healthcare (US), Siemens Healthineers (Germany), and Philips Healthcare (Netherlands) were identified as some of the key players in the Europe MRI system market. Companies are driven by demand of advanced diagnostics, technological innovation (AI, silent MRI, better software), government support for healthcare infrastructure, and increasing focus on patient comfort & accessibility (open MRIs, lower radiation), all leading to greater demand for high-quality, efficient imaging.
  • COMPETITIVE LANDSCAPE - STARTUPS/SMES
    Companies such as Oxford Instruments (NanoScience) (UK), MR Solutions Ltd (UK), and neoscan solutions gmbh (Germany) are among the startups/SMEs in the Europe MRI system market.

The Europe MRI system market is projected to grow steadily from 2026 to 2031, driven by rising diagnostic needs from an aging population and increasing cancer cases. Persistent imaging backlogs and workforce shortages are pushing hospitals to purchase new scanners and outsource services. EU and national funding programs are driving upgrades to advanced systems and accelerating the adoption of AI-enabled imaging. Growing interest in low-field and portable MRI is improving access, while replacement cycles and demand for specialized applications support continued investment. Sustainability goals and competitive pricing pressures from new entrants are also influencing procurement decisions across the region.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The Europe MRI system market is undergoing major transformation through the combination of technological disruptions and the changing priorities of customers. As the revenue mix shifts toward advanced applications, Al, and ecosystem partnerships, hospitals and imaging centers are increasingly adopting high-field, hybrid, and helium-free MRI platforms to address rising diagnostic demand and operational pressures. The introduction of AI-enabled reconstruction, with workflow automation and quantitative imaging technology, enables providers to enhance their scanning capacity while more effectively handling their existing operational difficulties. At the same time, portable and low-field MRI solutions are expanding accessibility, particularly in emergency, pediatric, and remote care settings. The requirements for sustainability drive companies to develop energy-efficient solutions and zero-helium systems, which national and EU funding programs support through their financial backing of digital modernization efforts. The combination of these trends creates a new market, which enables procurement decisions to improve imaging efficiency and drive the market.

Europe MRI System Market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Adoption of high-field systems, portable/low-field solutions for point-of-care and faster sequences
  • Increasing use of AI for image reconstruction, noise reduction, and protocol optimization
RESTRAINTS
Impact
Level
  • Large upfront investment, lengthy service contracts, and rising total cost of ownership
  • Variable reimbursement policies and capacity constraints in public hospitals
OPPORTUNITIES
Impact
Level
  • AI and software monetization
  • Mid- and low-field MRI expansion
CHALLENGES
Impact
Level
  • Pricing and tender competition in public systems

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Adoption of high-field systems, portable/low-field solutions for point-of-care and faster sequences

Hospitals and imaging centers throughout Europe are purchasing high-field MRI systems, which include 1.5T and 3.0T units, as clinical standards demand greater accuracy for neurological and cancer and heart disease diagnostic procedures. The previous year, 3.0T superconducting systems saw strong adoption across the region, with Germany, France, and the UK serving as major distribution centers for healthcare organizations that needed to balance high patient flow with accurate results during their most complicated patient cases. Hyperfine and other providers work toward obtaining CE certification for their portable ultra-low-field MRI systems, which they plan to launch through European distribution agreements while using Al technology to enhance patient flow in remote healthcare environments. Advanced features, such as faster imaging sequences and Al-enabled reconstruction, reduce scan times and improve patient throughput that supports workflow efficiency in busy public and private facilities. Medical facilities utilize portable and mobile MRI units for stroke evaluations and point-of-care assessments at outpatient clinics, which enables operators to provide medical services outside of standard radiology departments.

Restraint: Large upfront investment, lengthy service contracts, and rising total cost of ownership

MRI systems present clinical benefits but their pricing structure creates a major obstacle for European healthcare facilities. The complete initial cost increases when medical facilities need to install magnetic shielding systems and HVAC systems. The maintenance expenses for annual service contracts particularly the maintenance of traditional helium-cooled superconducting magnets create additional operational costs, which pressure hospital and diagnostic-chain financial resources. Fiscal constraints on public health systems force them to slow down their procurement processes while their network upgrades face limitations due to budgetary constraints that offer lower reimbursement rates and have competing funding needs. When healthcare facilities face budget restrictions smaller outpatient centers choose to postpone equipment acquisitions or select mid-field and refurbished systems. The NHS Commercial Solutions of the UK issued a substantial Managed Equipment Services (MES) procurement framework in 2025, which combines equipment and service and maintenance and lifecycle support for up to approximately eight years as providers need to distribute their initial costs and service responsibilities across time instead of financing complete MRI system purchases at once. The financial burden of operating advanced MRI systems together with public budget constraints leads to budget difficulties for healthcare facilities.

Opportunity: AI and software monetization

European MRI vendors have a growing opportunity to monetize beyond hardware sales by offering software and cloud platforms and AI imaging tools. The hospitals use AI algorithms which reconstruct images and select protocols and perform quantitative analysis as their preferred solution for achieving standardized imaging workflows and better diagnostic results. The Spanish company Quibim and the French company Raidium which develops radiology AI solutions show how domestic companies create regional innovations, which enhance MRI systems through their analytics and decision support technologies. Cloud-based image management and enterprise imaging platforms enable multi-site networks to share and review scans efficiently which creates subscription-based revenue streams and stronger customer relationships while the system supports interoperability across national health services. European AI-centric imaging companies experience increasing market presence. The Spanish AI imaging solutions provider Quibim expanded its partnerships and raised significant funding while it developed cloud-based MRI analytics platforms to help hospitals improve diagnostic processes in their existing MRI systems.

Challenge: Pricing and tender competition in public systems

In Europe's largely publicly funded healthcare landscape, national and regional tenders dominate MRI procurement. These competitive processes exert downward pricing pressure, extend decision timelines and reward suppliers who can offer comprehensive cost-of-ownership solutions rather than just equipment. Vendors must increasingly adopt flexible commercial models, such as leasing, managed services, outcome-based contracts and fleet-wide uptime, guarantees to align with hospital OPEX budgets and win tenders. Price sensitivity is particularly acute in markets with tight budgets or slow reimbursement adjustments, encouraging suppliers to innovate in financing and service delivery to maintain margins and secure long-term partnerships with healthcare providers. Tender platforms show active public procurement notices in 2025 for rental of MRI systems (second-hand 1.5T units in France) and acquisition/installation tenders in Portugal and Romania, indicating that many healthcare buyers are resorting to leasing or rental modalities rather than new purchase due to budget constraints.

EUROPE MRI SYSTEM MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Installation of the Freelium sealed-magnet MRI platform at European hospitals to support sustainability and reduce helium dependency; the platform targets facilities with constrained infrastructure, enabling simpler siting, improved uptime, and broader access to advanced MRI Lowers total cost of ownership | Reduces helium use and service burden | Supports sustainability goals and infrastructure flexibility
Radiology Operations Command Center pilot with remote scanning capability deployed across multiple NHS and EU hospitals (e.g., Imperial College Healthcare NHS Trust); this enables remote MR scan editing and expert oversight across sites Boosts scanning efficiency (e.g., Imperial pilot showed ~9% throughput improvement)
Imaging value partnership with University Hospital Nantes (France) installation of six new MRI systems as part of a ~12-year collaboration to modernize public hospital imaging infrastructure Expands access to cutting-edge MRI across multiple public hospitals | Improves clinical service continuity and equipment lifecycle planning
Adoption of advanced modular and workflow-enhancing MRI solutions in European radiology networks, with emphasis on intelligent imaging workflow and improved diagnostic confidence across both 1.5T and 3T systems Streamlines MRI workflow with intelligent automation and processing | Offers scalable technology for facilities of varying sizes

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The Europe MRI system ecosystem operates within a mature ecosystem that links leading manufacturers, distributors, component suppliers, and end users. Major OEMs, such as GE Healthcare, Philips Healthcare, Siemens Healthineers, Canon Medical Systems, Hitachi Healthcare, and Fujifilm, develop high-resolution, AI-enabled MRI platforms tailored to European clinical and regulatory requirements, setting technology and pricing benchmarks for the region. Distributors including Proton, BioTek, Agito Medical, and Buchler provide regional sales coverage, logistics, and service, enabling penetration into secondary hospitals and independent imaging centers. A specialized network of component suppliers, such as Ulrich Medical, NeoCoil, Noras MRI Products, DirectMed, and Block Imaging, delivers coils, gradients, and refurbished parts that sustain performance and extend system life cycles. The ecosystem is completed by hospitals, specialty clinics, and diagnostic chains—Centres Médico Chirurgicaux Ambroise Paré, Klinikum Stuttgart, Charité Berlin, and Quirónsalud—which drive the demand through rising imaging volumes and influence vendors’ product roadmaps via clinical collaborations and reference sites.

Europe MRI System Market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Europe MRI System Market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Europe MRI System Market, By Field Strength

By field strength, the Europe MRI system market is segmented into 1.5T MRI systems, 3T MRI systems, and 7T MRI systems. The 3T MRI segment is expanding rapidly due to its superior image quality, higher signal-to-noise ratio, and enhanced diagnostic accuracy—especially for neurology, musculoskeletal, oncology, and cardiovascular imaging. European hospitals are increasingly adopting 3T systems to support precision diagnostics, research-driven healthcare models, and advanced clinical applications, such as functional MRI, diffusion imaging, and spectroscopy. Growing demand for early disease detection and complex case evaluation is also accelerating upgrades from older 1.5T systems. Additionally, technology advancements—faster scan times, improved workflow automation, reduced artifacts, and AI-based reconstruction—are making 3T systems more efficient and cost-effective. Supportive reimbursement structures and rising investment in high-end imaging across the UK, Germany, France, and the Nordics further boost the segmental growth.

Europe MRI System Market, By Design

By design, the Europe MRI system market is categorized into floor-fixed MRI systems, ceiling-fixed MRI systems, and portable MRI systems. Floor-fixed MRI systems are expected to see strong growth due to their superior stability, high imaging performance, and ability to support advanced high-field configurations, such as 1.5T and 3T systems. European hospitals and diagnostic centers prefer these systems as they enable consistent, high-resolution imaging for complex clinical applications—neurology, oncology, and cardiology—where precision and minimal vibration are critical. The segment also benefits from increasing hospital modernization projects across the UK, Germany, France, and the Nordics, where institutions are investing in permanent, full-capacity MRI suites. Additionally, floor-fixed systems support broader patient throughput, seamless integration with AI-enabled workflows, and long-term scalability. Their reliability, reduced motion artifacts, and compatibility with advanced coils and imaging software further reinforce their dominance in high-volume European clinical environments.

Europe MRI System Market, By Application

By application, the Europe MRI system market is categorized into brain & neurological MRI, spine & musculoskeletal MRI, vascular MRI, pelvic & abdominal MRI, breast MRI, cardiac MRI, pediatric MRI, other application. The brain & neurological MRI segment leads the Europe MRI system market due to the high prevalence of neurological disorders, including stroke, dementia, epilepsy, multiple sclerosis, and neurodegenerative diseases, that require frequent and advanced imaging for diagnosis and monitoring. Europe’s rapidly aging population—particularly in Germany, Italy, France, and the UK—continues to increase demand for high-resolution brain imaging. The segment also benefits from accelerated adoption of 3T MRI systems, which offer superior image clarity for detecting micro-lesions, white-matter changes, and early-stage neurological conditions. Advancements in functional MRI (fMRI), diffusion tensor imaging (DTI), and AI-assisted neuroimaging workflows further expand clinical use. Strong investments in neuroscience research across European academic hospitals and national health systems, as well as expanding stroke centers and neuro-oncology programs, continue to reinforce this segment’s dominant share.

Europe MRI System Market, By End User

By end user, the Europe MRI system market is categorized into hospitals, ambulatory surgical centers, diagnostic imaging centers, and other end users. The hospital segment dominates the Europe MRI systems market due to their comprehensive diagnostic capabilities, high patient volumes, and ability to invest in advanced imaging technologies. European hospitals—especially tertiary and academic centers—manage a range of complex cases involving neurology, oncology, cardiology, and trauma, all of which require frequent and high-resolution MRI examinations. Strong government funding and public healthcare reimbursement across the UK, Germany, France, Italy, Spain, and the Nordics support hospital-led upgrades to 1.5T, 3T, and AI-enabled MRI systems. Hospitals also prioritize integrated PACS/RIS workflows, whole-body imaging, and advanced clinical applications such as functional MRI, diffusion imaging, and cardiac MRI, further increasing adoption. Additionally, the rise of hybrid care models, expansion of emergency and stroke units, and the need for rapid, accurate diagnostics reinforce hospitals’ leading role in MRI procurement and utilization.

REGION

UK to be fastest-growing country in Europe MRI system market during forecast period

The Europe MRI system market is studied for Germany, France, UK, Italy, Spain, Eastern Europe, the Nordics, and Rest of Europe. The UK is witnessing strong growth in the Europe MRI system market, driven by multiple converging factors. An aging population and rising prevalence of chronic and neurological diseases are increasing the demand for advanced diagnostic imaging, particularly MRI, for early detection and disease management. Government initiatives, including expanded healthcare budgets and capital investments in hospital imaging infrastructure, are supporting acquisition and modernization of MRI systems. The establishment of community diagnostic centers under the NHS is improving patient access and throughput, while private imaging providers and public-private partnerships further enhance utilization. Additionally, the adoption of advanced 3T MRI and AI-enabled workflow solutions boosts efficiency and clinical capabilities. Growing awareness of early diagnosis and preventive care, coupled with digital health initiatives, is strengthening the demand for high-quality imaging services. Collectively, these factors position it as a prominent country in Europe MRI adoption and investment.

Europe MRI System Market Region

EUROPE MRI SYSTEM MARKET: COMPANY EVALUATION MATRIX

The company evaluation matrix for the Europe MRI system market highlights a competitive landscape shaped by differences in market share and product breadth, positioning Siemens Healthineers as a clear Star with both a wide product footprint and strong regional presence driven by its strong technological leadership, broad product portfolio, and early adoption of advanced MRI innovations, such as AI-driven imaging, low-helium and energy-efficient systems, and high-productivity workflows. Its deep installed base across the UK, Germany, France, Italy, and the Nordics reinforces customer loyalty and drives recurring upgrades. Continued R&D investments, strong collaborations with European hospitals, and compliance with strict EU regulatory standards further strengthen its position. Additionally, Siemens benefits from robust service networks, training programs, and digital platforms that enhance system uptime and clinical efficiency. These factors collectively position Siemens Healthineers as a top MRI “star player” in Europe.

Europe MRI System Market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2025 (Value) USD 1.01 Billion
Market Forecast in 2031 (Value) USD 1.40 Billion
Growth Rate CAGR of 5.6% from 2026–2031
Years Considered 2024–2031
Base Year 2025
Forecast Period 2026–2031
Units Considered Value (USD Million/Billion)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
  • Field Strength:
    • 1.5T MRI Systems
    • 3T MRI Systems
    • 7T MRI Systems
  • Architecture:
    • Standard Bore MRI Systems
    • Wide-Bore MRI Systems
    • Open MRI Systems
  • Design:
    • Floor-Fixed MRI Systems
    • Ceiling-Fixed MRI Systems
    • Portable MRI Systems
  • Application:
    • Brian & Neurological MRI
    • Spine & Musculoskeletal MRI
    • Vascular MRI
    • Pelvic & Abdominal MRI
    • Breast MRI
    • Cardiac MRI
    • Pediatric MRI
    • Other Applications
  • Component Type:
    • Magnets & Electromagnets
    • Gradient Coils & RF Coils
    • RF Power Amplifiers
    • Cooling Systems
    • Shim System
    • Patient Table
    • Other Components
  • End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Diagnostic Imaging Centers
    • Other End Users
Geographies Covered Germany, France, the UK, Italy, Spain, Nordics, Eastern Europe, and Rest of Europe

WHAT IS IN IT FOR YOU: EUROPE MRI SYSTEM MARKET REPORT CONTENT GUIDE

Europe MRI System Market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
MRI Manufacturers
  • Competitive benchmarking of major brands and SMEs operating in the ecosystem
  • Competitive landscape for major players in the market
  • Insights on hospital purchasing behavior and long-term service contract expectations
  • Identification of growth hotspots and underpenetrated countries
  •  

RECENT DEVELOPMENTS

  • December 2025 : In December 2025, GE HealthCare integrated NVIDIA's accelerated computing technology into several new imaging solutions, including the Photonova Spectra CT, SIGNA Sprint with Freelium and SIGNA Bolt MRIs, Vivid Pioneer ultrasound, and Pristina Recon DL. These technologies, powered by AI and NVIDIA GPUs, are designed to enhance image quality, speed up processing, and streamline workflows for better diagnostic accuracy.
  • May 2025 : Siemens Healthineers showcased its latest MRI system (MAGNETOM Flow RT Pro Edition) for radiation therapy at this year’s European Society for Radiotherapy and Oncology congress.
  • February 2025 : Philips Healthcare announced its AI-enabled innovations in precision imaging that was showcased at the European Congress of Radiology (ECR) annual congress in Vienna. The company also aims to accelerate the availability of its cloud-based radiology services to European customers.

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW
Highlights the market structure, growth drivers, restraints, and near-term inflection points influencing performance.
 
 
 
 
 
4.1
MARKET DYNAMICS
 
 
 
 
 
4.1.1
DRIVERS
 
 
 
 
4.1.2
RESTRAINTS
 
 
 
 
4.1.3
OPPORTUNITIES
 
 
 
 
4.1.4
CHALLENGES
 
 
 
4.2
UNMET NEEDS AND WHITE SPACES
 
 
 
 
4.3
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
4.4
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
5
INDUSTRY TRENDS
Outlines emerging trends, technology impact, and regulatory signals affecting growth trajectory and stakeholder decisions.
 
 
 
 
 
5.1
PORTER’S FIVE FORCES ANALYSIS
 
 
 
 
 
5.1.1
THREAT OF NEW ENTRANTS
 
 
 
 
5.1.2
BARGAINING POWER OF SUPPLIERS
 
 
 
 
5.1.3
BARGAINING POWER OF BUYERS
 
 
 
 
5.1.4
THREAT OF SUBSTITUTES
 
 
 
 
5.1.5
INTENSITY OF COMPETITIVE RIVALRY
 
 
 
5.2
MACROECONOMICS INDICATORS
 
 
 
 
 
5.2.1
INTRODUCTION
 
 
 
 
5.2.2
GDP TRENDS AND FORECAST
 
 
 
 
5.2.3
TRENDS IN EUROPE MRI SYSTEM INDUSTRY
 
 
 
5.3
SUPPLY CHAIN ANALYSIS
 
 
 
 
 
5.4
VALUE CHAIN ANALYSIS
 
 
 
 
 
5.5
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.6
PRICING ANALYSIS
 
 
 
 
 
 
5.6.1
AVERAGE SELLING PRICE TREND, BY COUNTRY, 2023–2025
 
 
 
 
5.6.2
AVERAGE SELLING PRICE TREND OF MRI SYSTEMS, BY KEY PLAYER, 2023–2025
 
 
 
5.7
TRADE ANALYSIS
 
 
 
 
 
 
5.7.1
IMPORT SCENARIO (HS CODE 9018)
 
 
 
 
5.7.2
EXPORT SCENARIO (HS CODE 9018)
 
 
 
5.8
KEY CONFERENCES AND EVENTS, 2026–2027
 
 
 
 
5.9
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
5.10
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.11
CASE STUDY ANALYSIS
 
 
 
 
5.12
IMPACT OF 2025 US TARIFF – EUROPE MRI SYSTEM MARKET
 
 
 
 
 
 
5.12.1
INTRODUCTION
 
 
 
 
5.12.2
KEY TARIFF RATES
 
 
 
 
5.12.3
PRICE IMPACT ANALYSIS
 
 
 
 
5.12.4
IMPACT ON COUNTRIES
 
 
 
 
 
5.12.4.1
GERMANY
 
 
 
 
5.12.4.2
FRANCE
 
 
 
 
5.12.4.3
UK
 
 
 
 
5.12.4.4
ITALY
 
 
 
 
5.12.4.5
SPAIN
 
 
 
 
5.12.4.6
NORDICS
 
 
 
 
5.12.4.7
EASTERN EUROPEAN REGION
 
 
 
 
5.12.4.8
REST OF EUROPEAN REGION
 
 
 
5.12.5
IMPACT ON END USERS
 
 
6
TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACTS, PATENTS, AND INNOVATIONS
 
 
 
 
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
6.3
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
6.5
IMPACT OF AI/GEN AI ON EUROPE MRI SYSTEM MARKET
 
 
 
 
 
 
6.5.1
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
6.5.2
BEST PRACTICES FOLLOWED BY COMPANIES IN EUROPE MRI SYSTEM MARKET
 
 
 
 
6.5.3
CASE STUDIES RELATED TO AI IMPLEMENTATION IN EUROPE MRI SYSTEM MARKET
 
 
 
 
6.5.4
INTERCONNECTED ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
6.5.5
CLIENTS’ READINESS TO ADOPT AI-INTEGRATED MRI SYSTEMS IN EUROPE
 
 
 
6.6
SUCCESS STORIES AND REAL-WORLD APPLICATIONS
 
 
 
7
REGULATORY LANDSCAPE
 
 
 
 
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
8
CUSTOMER LANDSCAPE AND BUYER BEHAVIOR
 
 
 
 
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
8.2
KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND EVALUATION CRITERIA
 
 
 
 
8.3
ADOPTION BARRIERS AND INTERNAL CHALLENGES
 
 
 
 
8.4
UNMET NEEDS OF VARIOUS END USERS
 
 
 
9
EUROPE MRI SYSTEM MARKET, BY COMPONENT TYPE (MARKET SIZE & FORECAST TO 2030 – IN VALUE, USD MILLION)
 
 
 
 
 
COMPARATIVE ASSESSMENT OF KEY COMPONENT TYPE, THEIR MARKET POTENTIAL, AND DEMAND PATTERNS AT COUNTRY LEVEL
 
 
 
 
 
9.1
MAGNETS & ELECTROMAGNETS
 
 
 
 
9.2
GRADIENT COILS AND RF COILS
 
 
 
 
9.3
RF POWER AMPLIFIERS
 
 
 
 
9.4
COOLING SYSTEMS
 
 
 
 
9.5
SHIM SYSTEMS
 
 
 
 
9.6
PATIENT TABLES
 
 
 
 
9.7
OTHER COMPONENTS
 
 
 
10
EUROPE MRI SYSTEM MARKET, BY APPLICATION (MARKET SIZE & FORECAST TO 2030- IN VALUE, USD MILLION)
 
 
 
 
 
COMPARATIVE ASSESSMENT OF KEY APPLICATION, THEIR MARKET POTENTIAL, AND DEMAND PATTERNS AT COUNTRY LEVEL
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
10.1
BRIAN & NEUROLOGICAL MRI
 
 
 
 
10.2
SPINE & MUSCULOSKELETAL MRI
 
 
 
 
10.3
VASCULAR MRI
 
 
 
 
10.4
PELVIC & ABDOMINAL MRI
 
 
 
 
10.5
BREAST MRI
 
 
 
 
10.6
CARDIAC MRI
 
 
 
 
10.7
PEDIATRIC MRI
 
 
 
 
10.8
OTHER APPLICATIONS
 
 
 
11
EUROPE MRI SYSTEM MARKET, BY ARCHITECTURE (MARKET SIZE & FORECAST TO 2030- IN VALUE, USD MILLION)
 
 
 
 
 
COMPARATIVE ASSESSMENT OF KEY ARCHITECTURE, THEIR MARKET POTENTIAL, AND DEMAND PATTERNS AT COUNTRY LEVEL
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
11.2
STANDARD BORE MRI SYSTEMS
 
 
 
 
11.3
WIDE BORE MRI SYSTEMS
 
 
 
 
11.4
OPEN MRI SYSTEMS
 
 
 
12
EUROPE MRI SYSTEM MARKET, BY DESIGN (MARKET SIZE & FORECAST TO 2030- IN VALUE, USD MILLION)
 
 
 
 
 
COMPARATIVE ASSESSMENT OF KEY DESIGN, THEIR MARKET POTENTIAL, AND DEMAND PATTERNS AT COUNTRY LEVEL
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
12.2
FLOOR-FIXED MRI SYSTEMS
 
 
 
 
12.3
CEILING-FIXED MRI SYSTEMS
 
 
 
 
12.4
PORTABLE MRI SYSTEMS
 
 
 
13
EUROPE MRI SYSTEM MARKET, BY FIELD STRENGTH (MARKET SIZE & FORECAST TO 2030- IN VALUE, USD MILLION)
 
 
 
 
 
COMPARATIVE ASSESSMENT OF KEY FIELD STRENGTH, THEIR MARKET POTENTIAL, AND DEMAND PATTERNS AT COUNTRY LEVEL
 
 
 
 
 
13.1
INTRODUCTION
 
 
 
 
13.2
1.5T MRI SYSTEMS
 
 
 
 
13.3
3T MRI SYSTEMS
 
 
 
 
13.4
7T MRI SYSTEMS
 
 
 
14
EUROPE MRI SYSTEM MARKET, BY END USER (MARKET SIZE & FORECAST TO 2030- IN VALUE, USD MILLION)
 
 
 
 
 
SECTOR-SPECIFIC ADOPTION DRIVERS, DEMAND DYNAMICS, AND MARKET POTENTIAL ACROSS EACH END-USE SEGMENT AT COUNTRY LEVEL
 
 
 
 
 
14.1
INTRODUCTION
 
 
 
 
14.2
HOSPITALS
 
 
 
 
14.3
DIAGNOSTICS IMAGING CENTERS
 
 
 
 
14.4
AMBULATORY SURGICAL CENTERS
 
 
 
 
14.5
OTHER END USERS
 
 
 
15
EUROPE MRI SYSTEM MARKET, BY COUNTRY (MARKET SIZE & FORECAST TO 2030- IN VALUE, USD MILLION)
 
 
 
 
 
ASSESSING GROWTH PATTERNS, INDUSTRY FORCES, REGULATORY LANDSCAPE, AND MARKET POTENTIAL AT COUNTRY LEVEL
 
 
 
 
 
15.1
INTRODUCTION
 
 
 
 
15.2
GERMANY
 
 
 
 
15.2
UK
 
 
 
 
15.2
FRANCE
 
 
 
 
15.2
ITALY
 
 
 
 
15.2
SPAIN
 
 
 
 
15.2
NORDICS
 
 
 
 
15.2
EASTERN EUROPE
 
 
 
 
15.2
REST OF EUROPE
 
 
 
16
COMPETITIVE LANDSCAPE
 
 
 
 
 
STRATEGIC ASSESSMENT OF LEADING PLAYERS, MARKET SHARE, REVENUE ANALYSIS, COMPANY POSITIONING, AND COMPETITIVE BENCHMARKS INFLUENCING MARKET POTENTIAL
 
 
 
 
 
 
16.1
OVERVIEW
 
 
 
 
16.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2021–2025
 
 
 
 
16.3
REVENUE ANALYSIS, 2021–2025
 
 
 
 
 
16.4
MARKET SHARE ANALYSIS,
 
 
 
 
 
16.5
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
16.5.1
STARS
 
 
 
 
16.5.2
EMERGING LEADERS
 
 
 
 
16.5.3
PERVASIVE PLAYERS
 
 
 
 
16.5.4
PARTICIPANTS
 
 
 
 
16.5.5
COMPANY FOOTPRINT: KEY PLAYERS,
 
 
 
 
 
16.5.5.1
COMPANY FOOTPRINT
 
 
 
 
16.5.5.2
COUNTRY FOOTPRINT
 
 
 
 
16.5.5.3
COMPONENT TYPE FOOTPRINT
 
 
 
 
16.5.5.4
APPLICATION FOOTPRINT
 
 
 
 
16.5.5.5
ARCHITECTURE FOOTPRINT
 
 
 
 
16.5.5.6
DESIGN FOOTPRINT
 
 
 
 
16.5.5.7
FIELD STRENGTH FOOTPRINT
 
 
 
 
16.5.5.8
END USER FOOTPRINT
 
 
16.6
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
 
 
 
 
 
 
16.6.1
PROGRESSIVE COMPANIES
 
 
 
 
16.6.2
RESPONSIVE COMPANIES
 
 
 
 
16.6.3
DYNAMIC COMPANIES
 
 
 
 
16.6.4
STARTING BLOCKS
 
 
 
 
16.6.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
 
 
 
 
 
16.6.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
16.6.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
16.7
C0MPETITIVE SCENARIO
 
 
 
 
 
16.7.1
PRODUCT LAUNCHES
 
 
 
 
16.7.2
DEALS
 
 
 
 
16.7.3
OTHER DEVELOPMENTS
 
 
 
16.8
BRAND/PRODUCT COMPARISON
 
 
 
 
 
16.9
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
17
COMPANY PROFILES
 
 
 
 
 
IN-DEPTH REVIEW OF COMPANIES, PRODUCTS, SERVICES, RECENT INITIATIVES, AND POSITIONING STRATEGIES IN THE EUROPEAN MRI SYSTEMS MARKET LANDSCAPE
 
 
 
 
 
17.1
KEY PLAYERS
 
 
 
 
 
17.1.1
SIEMENS HEALTHINEERS
 
 
 
 
17.1.2
PHILIPS HEALTHCARE
 
 
 
 
17.1.3
GE HEALTHCARE
 
 
 
 
17.1.4
CANON MEDICAL SYSTEMS
 
 
 
 
17.1.5
FUJIFILM CORPORATION
 
 
 
 
17.1.6
FONAR CORPORATION
 
 
 
 
17.1.7
ESAOTE SPA
 
 
 
 
17.1.8
UNITED IMAGING HEALTHCARE CO. LTD.
 
 
 
 
17.1.9
ASPECT IMAGING, LTD.
 
 
 
 
17.1.10
TIME MEDICAL SYSTEMS CO., LTD.
 
 
 
 
17.1.11
NEUSOFT MEDICAL SYSTEMS CO., LTD.
 
 
 
 
17.1.12
STERNMED GMBH
 
 
 
 
17.1.13
HYPERFINE, INC.
 
 
 
 
17.1.14
BRUKER CORPORATION
 
 
 
 
17.1.15
SHENZHEN ANKE HIGH-TECH, LTD.
 
 
 
17.2
OTHER PLAYERS
 
 
 
 
 
17.2.1
MAGNETICA LTD.
 
 
 
 
17.2.2
PARAMED MEDICAL SYSTEMS
 
 
 
 
17.2.3
INNERVISION MRI LTD.
 
 
 
 
17.2.4
BEIJING WANDONG MEDICAL TECHNOLOGY CO.LTD.
 
 
 
 
17.2.5
MR SOLUTIONS LTD.
 
 
 
 
17.2.6
NEOSCAN SOLUTIONS GMBH
 
 
 
 
17.2.7
CARESTREAM HEALTH
 
 
 
 
17.2.8
MINFOUND MEDICAL SYTEMS CO.,LTD.
 
 
 
 
17.1.9
OXFORD INSTRUMENTS (NANOSCIENCE)
 
 
 
 
17.2.10
NORDICNEUROLAB AS
 
 
18
RESEARCH METHODOLOGY
 
 
 
 
 
18.1
RESEARCH DATA SOURCES
 
 
 
 
 
18.1.1
SECONDARY RESEARCH
 
 
 
 
 
18.1.1.1
LIST OF KEY SECONDARY SOURCES
 
 
 
 
18.1.1.2
KEY DATA FROM SECONDARY SOURCES
 
 
 
18.1.2
PRIMARY RESEARCH
 
 
 
 
 
18.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
18.1.2.2
KEY INDUSTRY INSIGHTS
 
 
 
 
18.1.2.3
BREAKDOWN OF PRIMARIES
 
 
 
 
18.1.2.4
LIST OF PRIMARY INTERVIEW PARTICIPANTS
 
 
18.2
MARKET SIZE ESTIMATION
 
 
 
 
 
18.2.1
REVENUE-MAPPING BASED MARKET ESTIMATION
 
 
 
 
18.2.2
END-USER BASED MARKET ESTIMATION
 
 
 
18.3
MARKET FORECAST APPROACH
 
 
 
 
 
18.3.1
SUPPLY SIDE
 
 
 
 
18.3.2
DEMAND SIDE
 
 
 
18.4
DATA TRIANGULATION
 
 
 
 
18.5
RESEARCH ASSUMPTIONS
 
 
 
 
18.6
RESEARCH LIMITATIONS
 
 
 
 
 
18.6.1
SCOPE-RELATED LIMITATIONS
 
 
 
 
18.6.2
METHODOLOGY-RELATED LIMITATIONS
 
 
 
18.7
RISK ANALYSIS
 
 
 
19
APPENDIX
 
 
 
 
 
19.1
DISCUSSION GUIDE
 
 
 
 
19.2
KNOWLEDGEGUIDE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
19.3
CUSTOMIZATION OPTIONS
 
 
 
 
19.4
RELATED REPORTS
 
 
 
 
19.5
AUTHOR DETAILS
 
 
 

Methodology

This study analyzed various market variables related to small and medium-sized businesses and major corporations to balance primary and secondary research for the Europe MRI systems market. The next phase involved conducting primary research with industry experts along the value chain to validate the findings, assumptions, and market sizing. Several methodologies were employed to estimate the overall market size, including both top-down and bottom-up approaches.

This study focuses on key market segments, emerging trends, regulatory frameworks, and competitive environments. It also examines leading market players and their strategies within this sector. In conclusion, the total market size was determined using top-down and bottom-up approaches and data triangulation to arrive at the final figure. Ongoing primary research was conducted throughout the study to validate and test each hypothesis.

Secondary Research

During the study, secondary research utilized a variety of sources, including directories and databases such as Bloomberg Businessweek, D&B Hoovers, and Factiva. Additional materials included white papers, annual reports, SEC filings, and investor presentations. This research approach is aimed at collecting and generating data that offers comprehensive, technical, and market-focused insights into the Europe MRI systems market. The data provides information on key players and market segmentation based on recent industry trends and significant market developments. Additionally, a database of leading industry figures was created through this secondary research.

Primary Research

Primary research involved activities aimed at obtaining both qualitative and quantitative data. Several individuals from the supply and demand sides were interviewed during this phase. On the supply side, participants included key figures such as CEOs, vice presidents, marketing and sales, directors of technology and innovation, and other important leaders. On the demand side, primary sources included academic institutions and research organizations. This real-world primary study was conducted to validate market segmentation, identify prominent market participants, and gain insights into significant industry trends and market dynamics.

Market Size Estimation

The report comprehensively analyzes the Europe MRI systems market and reviews major companies and their revenue shares. Key players with significant market shares were identified through secondary research, and their MRI systems business revenues were calculated and subsequently validated through primary research. The secondary research involved analyzing leading market participants' annual and financial reports. In contrast, primary research included in-depth interviews with influential leaders, such as directors, CEOs, and marketing executives. The segmental revenue was calculated based on the revenue mapping of service and product providers to determine the global market value. The process involved the following steps:

  • List of key players that operate in the Europe MRI systems market at the regional level
  • Formation of product mapping of manufacturers of MRI systems and related product lines at the regional level
  • Revenue mapping for listed players from MRI systems and related products & services
  • Revenue mapping of major players to cover at least ~90% of the global market share as of 2024
  • Revenue mapping extrapolation for players will drive the global market value for the respective segment
  • Summation of market value for all segments and subsegments to achieve the actual value of the Europe MRI systems market

Data Triangulation

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

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 associated software registers and processes the electromagnetic emission created by these atoms to produce images of the body structures. These modalities help healthcare professionals visualize the internal structure and surrounding tissues. MRI systems are primarily used in hospitals and diagnostic imaging centers.

Stakeholders

  • Hospitals
  • Clinics
  • Diagnostic Imaging Centers
  • Manufacturers & Suppliers of MRI Systems
  • Product Suppliers, Distributors, and Channel Partners
  • Research Institutes
  • Regulatory Authorities & Industry Associations
  • Venture Capitalists & Investment Firms

Report Objectives

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

 

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Growth opportunities and latent adjacency in Europe MRI System Market

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