Magnetic Resonance Imaging (MRI) Market

Magnetic Resonance Imaging (MRI) Market, By Type (Open and Closed), By Field Strength (Low Field Strength, Mid Field Strength, and High Field Strength), By Application (Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal, and Others), By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)

Global magnetic resonance imaging (MRI) systems market is a comprehensive study of the current trends, growth drivers, and restraints that are influencing the industry's trajectory. MRI systems are advanced imaging techniques that are used in diagnostic procedures for a variety of medical conditions. These systems use a strong magnetic field and radio waves to generate detailed images of the internal structures of the body. It is widely used in the diagnosis of neurological, cardiovascular, and musculoskeletal conditions, among others. The market for MRI systems is driven by several factors, including the increasing prevalence of chronic diseases, advancements in technology, and the growing demand for minimally invasive diagnostic procedures. Rise in geriatric population, who are more prone to various diseases, is also contributing to the market growth. Furthermore, the increasing investments in healthcare infrastructure, particularly in developing countries, are expected to provide significant growth opportunities for the market. However, the high cost of MRI systems and the lack of skilled professionals to operate these systems are some of the challenges that the market faces. Despite these challenges, the market is expected to witness substantial growth in the near future, due to the ongoing research and development (R&D) activities which is aimed at improving the efficiency and accuracy of MRI systems. In conclusion, global magnetic resonance imaging (MRI) systems Market is expected to witness significant growth, driven by the increasing demand for advanced diagnostic procedures, technological advancements, and the rising prevalence of chronic diseases. However, the market's growth may be hampered by the high cost of MRI systems and the lack of skilled professionals.

Market Dynamics:

Increase number of product launches by the key market players is expected to drive the growth of the global magnetic resonance imaging (MRI) systems market over the forecast period. For instance, in July 2022, Cannon Medical, a medical equipment company launched new MRI system at European Congress of Radiology (ECR) 2022 meeting. The new MRI system incorporate innovative workflow solutions, image enhancement, and quicker scan technologies, all of which lead to shorter MRI procedure times.

Key features of the study:

• This report provides an in-depth analysis of the global magnetic resonance imaging (MRI) systems market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key market players
• It profiles key market players in the global magnetic resonance imaging (MRI) systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Seimens AG, Koninklijke Philips N.V., Medtronic plc, Aurora Imaging Technologies Inc., General Electric Company, Hitachi Ltd., Esaote SpA, The InterMed Group, and Canon Medical Systems Corporation.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global magnetic resonance imaging (MRI) systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global magnetic resonance imaging (MRI) systems market

Detailed Segmentation:

• Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Type:
• Open
• Closed
• Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Field Strength:
• Low Field Strength
• Mid Field Strength
• High Field Strength
• Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Application:
• Oncology
• Neurology
• Cardiology
• Gastroenterology
• Musculoskeletal
• Others
• Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By End User:
• Hospitals
• Imaging Centers
• Ambulatory Surgical Centers
• Others
• Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
• Top Companies in the Global Magnetic Resonance Imaging (MRI) Systems Market::
• Seimens AG
• Koninklijke Philips N.V.
• Medtronic plc.
• Aurora Imaging Technologies Inc.
• General Electric Company
• Hitachi Ltd.
• Esaote SpA,
• The InterMed Group
• Canon Medical Systems Corporation