Siemens Healthineers (Germany) and GE Healthcare (US) are Leading Players in the MRI Systems Market
The MRI systems market is expected to grow from USD 6.56 billion in 2025 to USD 9.01 billion by 2030, at a CAGR of 6.5% during the forecast period.
The increasing prevalence of neurological and musculoskeletal disorders, coupled with a growing aging population, is expected to boost the demand for MRI procedures. There has been a noticeable rise in Medicare expenditures as a percentage of the gross domestic product in developed and some developing nations. This trend creates a favorable environment for the growth of the MRI systems market. Additionally, regulatory encouragement for innovation and supportive reimbursement policies will further enhance market expansion. Introducing MRI systems in new applications, such as in intensive care units (ICUs) and emergency/trauma care units, will also contribute to higher adoption rates beyond traditional settings. These positive changes in the end-user landscape will help fuel the growth of the MRI systems market.
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The key players that operate in the MRI systems market are Siemens Healthineers (Germany), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), FUJIFILM Corporation (Japan), Canon Inc. (Japan), Fonar Corporation (US), Esaote S.p.A (Italy), Shanghai United Imaging Healthcare Co., Ltd (China), Aspect Imaging Ltd. (US), and Time Medical Holding (Hong Kong).
Siemens Healthineers (Germany):
Siemens is a leading player in the MRI systems market and is known for its strong portfolio of imaging products. The company operates R&D facilities in Germany, the US, China, and India. Siemens provides diverse products and services, including point-of-care diagnostics, laboratory testing, diagnostic and therapeutic screening, and molecular medicine. With a broad geographic presence, Siemens has a direct footprint in over 70 countries across Europe, the Americas, Asia, Oceania, Africa, and the Middle East. Its primary manufacturing sites are in the US, Germany, and China. The company continually invests in R&D to develop innovative and technologically advanced products. Siemens distributes its products in over 180 countries through various distributors and sales channels.
GE HealthCare (US):
GE HealthCare is headquartered in Illinois, US. The company provides a comprehensive range of products in medical imaging and information technologies, medical diagnostics, disease research, biopharmaceutical manufacturing, drug discovery, and related technologies. Its medical diagnostics and medical imaging portfolio includes various diagnostic solutions, such as molecular imaging, ultrasound, and magnetic resonance imaging technologies. GE HealthCare has a strong global presence, operating in over 140 countries across North America, South America, Europe, the Middle East, the Asia Pacific, and Africa. The company has employed inorganic growth strategies, including acquisitions, to enhance its market position.
Koninklijke Philips N.V. (Netherlands)
Philips is a leader in magnetic resonance imaging, patient monitoring, image-guided therapy, and health informatics. Through its Diagnosis & Treatment segment, Philips offers solutions in diagnostic imaging, image-guided therapy, and ultrasound. The company's strategy emphasizes product launches and collaborations to enhance its market share. Primarily, Philips pursues inorganic growth strategies, such as agreements and partnerships, to establish a strong position in the imaging market. The company has also invested significantly in research and development for product advancement. Philips operates globally, with 93 production sites in 25 countries and a sales and service network extending to over 100 countries. Key subsidiaries include Philips Medical Systems in Belgium and Philips Electronics India Limited.
Related Reports:
MRI Systems Market by Architecture (Open, Closed), Field Strength (High Field MRI Systems & Low Field MRI Systems), Design (Portable MRI Systems, Fixed/Stationary MRI Systems), End User (Hospitals, Diagnostic Clinic), Region - Global Forecast to 2030
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