Global Magnetic Resonance Imaging Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Magnetic Resonance Imaging Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The magnetic resonance imaging system is a medical scientific research instrument used in the field of basic medicine. It can provide clear images of human tissues. The system detects and processes the signals generated by hydrogen atoms excited by resonance magnetic field excitation pulses in a strong magnetic field.

Market Overview:

The latest research study on the global Magnetic Resonance Imaging Systems market finds that the global Magnetic Resonance Imaging Systems market reached a value of USD 7679.81 million in 2022. It’s expected that the market will achieve USD 11812.63 million by 2028, exhibiting a CAGR of 7.44% during the forecast period.

According to the production situation of the magnetic resonance imaging system industry, the main factors affecting production are the fluctuation of upstream material prices and the shortage of labor. The current global chip shortage and rising labor costs have led to increased production costs in the MRI system industry.

In the critical period of manufacturing transformation and development, improving factory operating efficiency, supply chain and business model, reducing operating costs, obtaining profits, and strengthening human resource construction have become the common goals of international manufacturers. With the global outbreak of COVID-19, many companies are forced to re-examine their manufacturing and management strategies. Some international manufacturers took the lead in adopting the technology of the Fourth Industrial Revolution and played an important role in industrial demonstration. Affected by the epidemic, it is expected that the level of intelligence in the magnetic resonance imaging system industry will further increase.

In the long run, the epidemic has raised people's health awareness, and it has also allowed governments of various countries to strengthen the construction and capital investment of hospitals. This big environment will promote the development of the magnetic resonance imaging system industry, but at the same time the performance requirements of the magnetic resonance imaging system will be more stringent.

Magnetic Resonance Imaging Systems has more advantages

The amount of information provided by MRI is not only greater than many other imaging techniques in medical imaging, but also different from existing imaging techniques. Therefore, it has great potential advantages for disease diagnosis. It can directly produce tomographic images of cross-section, sagittal plane, coronal plane and various oblique planes, and will not produce artifacts in CT detection; it does not require injection of contrast agent; it has no ionizing radiation and has no adverse effects on the body. MRI is very effective for detecting common brain diseases such as intracerebral hematoma, extracerebral hematoma, brain tumor, intracranial aneurysm, arteriovenous vascular malformation, cerebral ischemia, intraspinal tumor, syringomyelia and hydrospinal cord. At the same time, it is also very effective in the diagnosis of lumbar disc kyphosis, primary liver cancer and other diseases.
The contrast of magnetic resonance imaging to soft tissues is significantly higher than that of CT due to its imaging parameters several times more than that of CT and a high degree of soft tissue resolution. MRI through its multi-directional planar imaging function, the application of high-resolution venom coils can significantly improve the imaging quality of each joint.

Technical deficiencies of MRI systems

MRI also has shortcomings. Its spatial resolution is not as good as CT, and patients with pacemakers or parts with metal foreign bodies cannot be examined by MRI. At the same time, MRI is more suitable for examining delicate areas, such as muscles, blood vessels, and soft tissues. For the examination of lungs, liver, kidneys, pancreas, prostate and other organs, MRI is not superior to CT examination.

Region Overview:

Asia Pacific dominated the Magnetic Resonance Imaging Systems market in 2021, with a market share of 42.32%.

Company Overview:

Siemens Healthineers AG is one of the major players operating in the Magnetic Resonance Imaging Systems market, holding a share of 34.3% in 2022.

Siemens Healthineers AG

Siemens Medical is the medical department of Siemens AG in Germany, and later became its independent medical business subsidiary.

General Electric Company

General Electric is a multinational conglomerate originating from the United States. Its operating industries include electronics, energy, transportation, aerospace, medical and financial services.

Segmentation Overview:

Among different product types, Closed MRI Systems segment is anticipated to contribute the largest market share in 2027.

Application Overview:

The market's largest segment by application is the segment Hospitals, with a market share of 47.2% in 2021.

Key Companies in the global Magnetic Resonance Imaging Systems market covered in Chapter 3:

General Electric Company
Esaote SpA
Bruker
Siemens Healthineers AG
Neusoft Medical Systems
Aurora Imaging Technology
MR. SOLUTIONS LTD.
Alltech Medical Systems, Inc.
Aspect Imaging
Koninklijke Philips N.V.
Canon Medical Systems Corporation
Shanghai United Imaging Medical Technology Co., Ltd
Fujifilm Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Magnetic Resonance Imaging Systems market from 2018 to 2029 is primarily split into:

Closed MRI Systems
Open MRI Systems

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Magnetic Resonance Imaging Systems market from 2018 to 2029 covers:

Hospitals
Clinics
Diagnostic Centers
Research Laboratories
Ambulatory Care Centers

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)