Magnetic Resonance Imaging Market Report: Trends, Forecast and Competitive Analysis to 2030

Magnetic Resonance Imaging Market Report: Trends, Forecast and Competitive Analysis to 2030

Magnetic Resonance Imaging Trends and Forecast

The future of the global magnetic resonance imaging market looks promising with opportunities in the hospital, imaging center, and ambulatory surgical center markets. The global magnetic resonance imaging market is expected to reach an estimated $6.75 billion by 2030 with a CAGR of 3.4% from 2024 to 2030. The major drivers for this market are increasing demand for MRI systems, growing awareness towards health concerns, and rising technological advancements by market players.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Magnetic Resonance Imaging by Segment

The study includes a forecast for the global magnetic resonance imaging by architecture, field strength, application, end use industry, and region.

Magnetic Resonance Imaging Market by Architecture [Shipment Analysis by Value from 2018 to 2030]:

• Open System
• Closed System

Magnetic Resonance Imaging Market by Field Strength [Shipment Analysis by Value from 2018 to 2030]:

• Low Field Strength
• Mid Field Strength
• High Field Strength

Magnetic Resonance Imaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Obstructive Sleep Apnea
• Brain and Neurological
• Spine and Musculoskeletal
• Vascular
• Abdominal
• Cardiac
• Breast
• Others

Magnetic Resonance Imaging Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Imaging Centers
• Ambulatory Surgical Centers
• Others

Magnetic Resonance Imaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Magnetic Resonance Imaging Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies magnetic resonance imaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the magnetic resonance imaging companies profiled in this report include-

• Ge Healthcare
• Siemens Healthineers
• Toshiba Corporation
• Aurora Imaging Technologies
• Koninklijke Philips N.V.
• Esaote Spa
• Sanrad Medical
• Fujifilm

Magnetic Resonance Imaging Market Insights

Lucintel forecasts that closed system will remain the largest segment over the forecast period as this system uses powerful magnetic fields and high-frequency radio waves to obtain detailed images.

Hospitals will remain the largest segment due to growing adoption of rapid MRI (RMRI) in trauma and emergency care centers and increasing number of MRI installments in teaching hospitals.

North America will remain the largest region over the forecast period due to the growing cases of chronic diseases and rising personal disposable income in the region.

Features of the Global Magnetic Resonance Imaging Market

Market Size Estimates: Magnetic resonance imaging market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Magnetic resonance imaging market by various segments, such as by architecture, field strength, application, end use industry and region in terms of($B).

Regional Analysis: Magnetic resonance imaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different architectures, field strengths, applications, end use industries, and regions for the magnetic resonance imaging market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the magnetic resonance imaging market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the magnetic resonance imaging market size?

Answer: The global magnetic resonance imaging market is expected to reach an estimated $6.75 billion by 2030.

Q.2 What is the growth forecast for magnetic resonance imaging market?

Answer: The global magnetic resonance imaging market is expected to grow with a CAGR of 3.4% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the magnetic resonance imaging market?

Answer: The major drivers for this market are increasing demand for MRI systems, growing awareness towards health concerns, and rising technological advancements by market players.

Q4. What are the major segments for magnetic resonance imaging market?

Answer: The future of the magnetic resonance imaging market looks promising with opportunities in the hospital, imaging center, and ambulatory surgical center markets.

Q5. Who are the key Magnetic Resonance Imaging Market companies?

Answer: Some of the key magnetic resonance imaging companies are as follows:

• GE Healthcare
• Siemens Healthineers
• Toshiba Corporation
• Aurora Imaging Technologies
• Koninklijke Philips N.V.
• Esaote SPA
• Sanrad Medical
• Fujifilm

Q6. Which magnetic resonance imaging market segment will be the largest in future?

Answer: Lucintel forecasts that closed system will remain the largest segment over the forecast period as this system uses powerful magnetic fields and high-frequency radio waves to obtain detailed images.

Q7. In magnetic resonance imaging market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to the growing cases of chronic diseases and rising personal disposable income in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the magnetic resonance imaging market by architecture (open system and closed system), field strength (low field strength, mid field strength, and high field strength), application (obstructive sleep apnea, brain and neurological, spine and musculoskeletal, vascular, abdominal, cardiac, breast, and others), end use industry (hospitals, imaging centers, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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