Global MRI Systems Market 2023-2027

Global MRI Systems Market 2023-2027


The MRI systems market is forecasted to grow by USD 2,494.99 million during 2022-2027, accelerating at a CAGR of 6.32% during the forecast period. The report on the MRI systems market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing prevalence of diseases coupled with the growing geriatric population, technological advances in MRI, and expanding clinical applications of MRI.

Technavio's MRI systems market is segmented as below:

By Product
  • Closed MRI systems
  • Open MRI systems
By Type
  • Fixed MRI
  • Mobile MRI
By Geographical Landscape
  • North America
  • Europe
  • Asia
  • Rest of World (ROW)
This study identifies the software advances in MRI technology as one of the prime reasons driving the MRI systems market growth during the next few years. Also, the emergence of hybrid MRI systems and the focus on the development of helium-free MRI systems will lead to sizable demand in the market.

The report on the MRI systems market covers the following areas:
  • MRI systems market sizing
  • MRI systems market forecast
  • MRI systems market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading MRI systems market vendors that include Aspect Imaging Ltd., AURORA HEALTHCARE US Corp., Bruker Corp., Canon Inc., Esaote Spa, FONAR Corp., FUJIFILM Corp., GE Healthcare Technologies Inc., Hologic Inc., Koninklijke Philips NV, MR Solutions Ltd., Neusoft Corp., Onex Corp., Sanrad Medical Systems Pvt ltd, Shenzhen Anke High tech Co., Shimadzu Corp., Siemens Healthineers AG, and Time Medical Holding Co Ltd. Also, the MRI systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by Product
      • Table Executive Summary – Chart on Market Segmentation by Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global MRI Systems Market 2017 - 2021
      • Table Historic Market Size – Data Table on global MRI systems Market 2017 - 2021 ($ million)
    • Product Segment Analysis 2017 - 2021
      • Table Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size – Country Segment 2017 - 2021 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Product
    • Market segments
      • Table Chart on Product - Market share 2022-2027 (%)
      • Table Data Table on Product - Market share 2022-2027 (%)
    • Comparison by Product
      • Table Chart on Comparison by Product
      • Table Data Table on Comparison by Product
    • Closed MRI systems - Market size and forecast 2022- 2027
      • Table Chart on Closed MRI systems - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Closed MRI systems - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Closed MRI systems - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Closed MRI systems - Year-over-year growth 2022-2027 (%)
    • Open MRI systems - Market size and forecast 2022-2027
      • Table Chart on Open MRI systems - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Open MRI systems - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Open MRI systems - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Open MRI systems - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Product
      • Table Market opportunity by Product ($ million)
      • Table Data Table on Market opportunity by Product ($ million)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Fixed MRI - Market size and forecast 2022-2027
      • Table Chart on Fixed MRI - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Fixed MRI - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Fixed MRI - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Fixed MRI - Year-over-year growth 2022-2027 (%)
    • Mobile MRI - Market size and forecast 2022-2027
      • Table Chart on Mobile MRI - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Mobile MRI - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Mobile MRI - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Mobile MRI - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ million)
      • Table Data Table on Market opportunity by Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • Asia - Market size and forecast 2022-2027
      • Table Chart on Asia - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Asia - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • Rest of World (ROW) - Market size and forecast 2022- 2027
      • Table Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • Germany - Market size and forecast 2022-2027
      • Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • Canada - Market size and forecast 2022-2027
      • Table Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Table Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • UK - Market size and forecast 2022-2027
      • Table Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Table Chart on UK - Year-over-year growth 2022-2027 (%)
      • Table Data Table on UK - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ million)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increasing prevalence of diseases coupled with growing geriatric population
      • Technological advances in MRI
      • Expanding clinical applications of MRI
    • Market challenges
      • High cost of MRI systems
      • Rise in adoption of refurbished MRI systems
      • Limitations associated with MRI systems
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Software advances in MRI technology
      • Emergence of hybrid MRI systems
      • Focus on development of helium-free MRI systems
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Aspect Imaging Ltd.
      • Table Aspect Imaging Ltd. - Overview
      • Table Aspect Imaging Ltd. - Product / Service
      • Table Aspect Imaging Ltd. - Key offerings
    • AURORA HEALTHCARE US Corp.
      • Table AURORA HEALTHCARE US Corp. - Overview
      • Table AURORA HEALTHCARE US Corp. - Product / Service
      • Table AURORA HEALTHCARE US Corp. - Key offerings
    • Bruker Corp.
      • Table Bruker Corp. - Overview
      • Table Bruker Corp. - Business segments
      • Table Bruker Corp. - Key news
      • Table Bruker Corp. - Key offerings
      • Table Bruker Corp. - Segment focus
    • Canon Inc.
      • Table Canon Inc. - Overview
      • Table Canon Inc. - Business segments
      • Table Canon Inc. - Key offerings
      • Table Canon Inc. - Segment focus
    • Esaote Spa
      • Table Esaote Spa - Overview
      • Table Esaote Spa - Product / Service
      • Table Esaote Spa - Key offerings
    • FONAR Corp.
      • Table FONAR Corp. - Overview
      • Table FONAR Corp. - Business segments
      • Table FONAR Corp. - Key offerings
      • Table FONAR Corp. - Segment focus
    • FUJIFILM Corp.
      • Table FUJIFILM Corp. - Overview
      • Table FUJIFILM Corp. - Business segments
      • Table FUJIFILM Corp. - Key news
      • Table FUJIFILM Corp. - Key offerings
      • Table FUJIFILM Corp. - Segment focus
    • GE Healthcare Technologies Inc.
      • Table GE Healthcare Technologies Inc. - Overview
      • Table GE Healthcare Technologies Inc. - Business segments
      • Table GE Healthcare Technologies Inc. - Key offerings
      • Table GE Healthcare Technologies Inc. - Segment focus
    • Hologic Inc.
      • Table Hologic Inc. - Overview
      • Table Hologic Inc. - Business segments
      • Table Hologic Inc. - Key news
      • Table Hologic Inc. - Key offerings
      • Table Hologic Inc. - Segment focus
    • Koninklijke Philips NV
      • Table Koninklijke Philips NV - Overview
      • Table Koninklijke Philips NV - Business segments
      • Table Koninklijke Philips NV - Key news
      • Table Koninklijke Philips NV - Key offerings
      • Table Koninklijke Philips NV - Segment focus
    • MR Solutions Ltd.
      • Table MR Solutions Ltd. - Overview
      • Table MR Solutions Ltd. - Product / Service
      • Table MR Solutions Ltd. - Key offerings
    • Neusoft Corp.
      • Table Neusoft Corp. - Overview
      • Table Neusoft Corp. - Business segments
      • Table Neusoft Corp. - Key offerings
      • Table Neusoft Corp. - Segment focus
    • Sanrad Medical Systems Pvt ltd
      • Table Sanrad Medical Systems Pvt ltd - Overview
      • Table Sanrad Medical Systems Pvt ltd - Product / Service
      • Table Sanrad Medical Systems Pvt ltd - Key offerings
    • Siemens Healthineers AG
      • Table Siemens Healthineers AG - Overview
      • Table Siemens Healthineers AG - Business segments
      • Table Siemens Healthineers AG - Key news
      • Table Siemens Healthineers AG - Key offerings
      • Table Siemens Healthineers AG - Segment focus
    • Time Medical Holding Co Ltd
      • Table Time Medical Holding Co Ltd - Overview
      • Table Time Medical Holding Co Ltd - Product / Service
      • Table Time Medical Holding Co Ltd - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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