0 Items
Toll Free (US) - +1-866-598-1553
sales@precisionbusinessinsights.com
Magnetic Resonance Imaging (MRI) Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

Magnetic Resonance Imaging (MRI) Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017 to 2021 and Forecast 2022 to 2028

$ PRICE - $ 3,000.00 – $ 8,900.00

Magnetic Resonance Imaging (MRI) Market: By Product Type (Closed, Open), By Magnetic Field Strength (Less than 1.5T, 1.5T, 3.0T, 7.0T), By Application (Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal, Others), and Geography

 

 

Request Sample Request Methodology
Request Sample Read More
$ PRICE - $ 3,000.00 – $ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00 – $ 8,900.00
FacebookTwitterLinkedinEmail
SKU: N/A Categories: ,
Report

Description

The global magnetic resonance imaging market size valued $6.2 billion in 2021 and expected to reach $11.8 billion by 2028, at a CAGR of 6.0% during forecast period 2022 to 2028. Magnetic Resonance Imaging (MRI) is a non-invasive advanced diagnostic tool for disorders and diseases related to spine lesions, central nervous system, tumours, soft tissues, and other organs of the body. MRI produces high-quality images of tissues and body organs by applying the magnetic field strength and these images provide the information about the human body system. The quality of images produced by MRI depends on the magnetic field strength of the device. High field strength MRI produce clear images when compared with remaining magnetic resonance imaging devices. The images produced by magnetic resonance imaging system (MRI) systems give a clear information compared with other images such computed tomography (CT), X-ray, and ultrasound techniques. The magnetic resonance imaging market exhibiting lucrative growth owing to technological advancements such as innovation of newer MRI devices with high and low magnetic field strengths. Moreover, expanding the application of MRI in the various cancers screening and neurological disorders such as Alzheimer’s disease and multiple sclerosis, the rise in a number of road accidents lead to orthopaedic injuries, and need for high-resolution scanning techniques for spine and musculoskeletal injuries are expected to bolster the market. Furthermore, market players are adopting strategies such as acquisitions and mergers, collaborations, and launching of newer devices to garner larger market share. For instance, in July 2012, Aurora Imaging Technology, Inc. inked a distribution agreement with SUMEC Group Corporation for expanding breast MRI in China. In addition, in September 2016, GE Healthcare received market clearance for MAGnetic resonance image Compilation (MAGiC) software, a multi-contrast MRI technique that delivers eight contrasts in a single acquisition in a fraction of the time of conventional imaging.

Key Developments:

In October 2017, Siemens Heathineers received FDA clearance for Magnetom Terra, a high-field 7T MRI scanner

Magnetic Resonance Imaging (MRI) Market

MARKET SUMMARY
-
6.0% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.0%
  • Largest Market– North America
  • Fastest Growing Market–  Asia-Pacific

Magnetic Resonance Imaging (MRI) Market

  • The report on global magnetic resonance imaging (mri) market gives historical, current and future market sizes (US$ Bn) on the basis of design, magnetic field strength, application, end user and region.
  • magnetic resonance imaging (mri) market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Hitachi Medical Corporation
  • Siemens Healthineers
  • Toshiba Medical Systems
  • GE Healthcare
  • Koninklijke Philips N.V.
Magnetic Resonance Imaging (MRI) Market Drivers And Restraints

Increase in the global geriatric population, the rise in prevalence of chronic diseases such as neurological, cardiovascular, and other orthopaedic disorders, and technological advancements such as high field strength MRIs are anticipated to fuel the market over the forecast period. Moreover, increase in preference for non-invasive or minimally invasive diagnostic procedures, the rise in awareness about health in developing and developed countries, and the wide range of applications of MRI devices are propelling the market. However, the high cost of the diagnostic procedure, unfavourable reimbursement policies, the rise in competition from cost-effective imaging procedures, and lack of skilled professionals are expected to hinder the growth of market over the forecast years.

North-America Got Significant Share

Magnetic Resonance Imaging (MRI) Market

Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America market growth is driven by an increase in the prevalence of neurological disorders, technological advancements in devices, well-developed healthcare infrastructure. Europe market exhibiting lucrative growth opportunities due to the adoption of newer technologies, rise in prevalence of chronic diseases, growing awareness about early diagnosis, an increase in healthcare expenditure in the region. Asia Pacific market is poised to grow due to increase in medical tourism in China and India, availability of the large patient pool, growing per capita income, an increase in the awareness about healthcare are expected to propel the market. Latin America market driven by the increase in the number of road accidents and sports injuries, adoption of newer technologies, and expansion of businesses into the region. Middle East and Africa market growth attributed to increasing awareness about early-stage disease diagnosis, and rise in prevalence of chronic diseases in the region.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Notable Market Developments

Key

Key Features of the Report

Magnetic Resonance Imaging (MRI) Market Segmentation

segmentation-block-image

By Design

    • Open MRI Systems
    • Closed MRI Systems
segmentation-block-image

by Filed Strength

    • Low to midfield strength MRI systems (less than 1.5 Tesla)
    • High field strength MRI systems (1.5-3Tesla)
    • Very high field strength MRI systems (4-6Tesla)
    • Ultra-high field strength MRI systems (7 Tesla and above)
segmentation-block-image

By Application

    • Brain and Neurological MRI System
    • Abdominal MRI System
    • Spine and Musculoskeletal MRI System
    • Vascular MRI System
    • Pelvic MRI System
    • Cardiac MRI System
    • Others
segmentation-block-image

By End User

    • Hospitals
    • Ambulatory Surgical Centers
    • Diagnostic Centers
Location

GEOGRAPHY

Frequently Asked Questions

The magnetic resonance imaging (MRI) market is projected to expand at a CAGR of 6.0% during the forecast period

Hitachi Medical Corporation, Siemens Healthineers, Toshiba Medical Systems, GE Healthcare, Koninklijke Philips N.V.

North America is the fastest-growing region for  magnetic resonance imaging (MRI) market

Report

Table Of Content

1. Executive Summary
2. Global Magnetic Resonance Imaging (MRI) Market Introduction
2.1. Global Magnetic Resonance Imaging (MRI) Market – Taxonomy
2.2. Global Magnetic Resonance Imaging (MRI) Market –Definitions
2.2.1. By Product Type
2.2.2. By Magnetic Field Strength
2.2.3. By Application
2.2.4. By Region
3. Global Magnetic Resonance Imaging (MRI) Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Magnetic Resonance Imaging (MRI) Market Dynamic Factors – Impact Analysis
3.6. Global Magnetic Resonance Imaging (MRI) Market – Competition Landscape
4. Global Magnetic Resonance Imaging (MRI) Market Analysis,2017-2021 and Forecast, 2022-2028
4.1. Market Analysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Magnetic Resonance Imaging (MRI) Market, By Product Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. Closed
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Open
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Magnetic Resonance Imaging (MRI) Market Forecast, By Magnetic Field Strength, 2017-2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. Less than 1.5T
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. 1.5T
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. 3.0T
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. 7.0T
6.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Magnetic Resonance Imaging (MRI) Market, By Application, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Oncology
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Neurology
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Cardiology
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Gastroenterology
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Musculoskeletal
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Others
7.6.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
8. Global Magnetic Resonance Imaging (MRI) Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Magnetic Resonance Imaging (MRI) Market – Opportunity Analysis Index, By Product Type, Magnetic Field Strength, Application, and Region, 2022-2028
9. North America Magnetic Resonance Imaging (MRI) MarketAnalysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. By Product Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
9.1.1. Closed
9.1.2. Open
9.2. Magnetic Field Strength Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Less than 1.5T
9.2.2. 1.5T
9.2.3. 3.0T
9.2.4. 7.0T
9.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Oncology
9.3.2. Neurology
9.3.3. Cardiology
9.3.4. Gastroenterology
9.3.5. Musculoskeletal
9.3.6. Others
9.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Magnetic Resonance Imaging (MRI) Market – Opportunity Analysis Index, By  Product Type, Magnetic Field Strength, Application, and Country, 2022-2028
9.6. North America Magnetic Resonance Imaging (MRI) Market Dynamics – Trends
10. Europe Magnetic Resonance Imaging (MRI) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. By Product Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Closed
10.1.2. Open
10.2. Magnetic Field Strength Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Less than 1.5T
10.2.2. 1.5T
10.2.3. 3.0T
10.2.4. 7.0T
10.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Oncology
10.3.2. Neurology
10.3.3. Cardiology
10.3.4. Gastroenterology
10.3.5. Musculoskeletal
10.3.6. Others
10.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Magnetic Resonance Imaging (MRI) Market – Opportunity Analysis Index, By  Product Type, Magnetic Field Strength, Application, and Country, 2022-2028
10.6. Europe Magnetic Resonance Imaging (MRI) Market Dynamics – Trends
11. Asia-Pacific Magnetic Resonance Imaging (MRI) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. By Product Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Closed
11.1.2. Open
11.2. Magnetic Field Strength Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Less than 1.5T
11.2.2. 1.5T
11.2.3. 3.0T
11.2.4. 7.0T
11.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Oncology
11.3.2. Neurology
11.3.3. Cardiology
11.3.4. Gastroenterology
11.3.5. Musculoskeletal
11.3.6. Others
11.4. Country Analysis2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Magnetic Resonance Imaging (MRI) Market – Opportunity Analysis Index, By  Product Type, Magnetic Field Strength, Application, and Country, 2022-2028
11.6. Asia-Pacific Magnetic Resonance Imaging (MRI) Market Dynamics – Trends
12. Latin America Magnetic Resonance Imaging (MRI) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. By Product Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Closed
12.1.2. Open
12.2. Magnetic Field Strength Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Less than 1.5T
12.2.2. 1.5T
12.2.3. 3.0T
12.2.4. 7.0T
12.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Oncology
12.3.2. Neurology
12.3.3. Cardiology
12.3.4. Gastroenterology
12.3.5. Musculoskeletal
12.3.6. Others
12.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Magnetic Resonance Imaging (MRI) Market – Opportunity Analysis Index, By  Product Type, Magnetic Field Strength, Application, and Country, 2022-2028
12.6. Latin America Magnetic Resonance Imaging (MRI) Market Dynamics – Trends
13. Middle East and Africa Magnetic Resonance Imaging (MRI) Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. By Product Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. Closed
13.1.2. Open
13.2. Magnetic Field Strength Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Less than 1.5T
13.2.2. 1.5T
13.2.3. 3.0T
13.2.4. 7.0T
13.3. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Oncology
13.3.2. Neurology
13.3.3. Cardiology
13.3.4. Gastroenterology
13.3.5. Musculoskeletal
13.3.6. Others
13.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Magnetic Resonance Imaging (MRI) Market – Opportunity Analysis Index, By  Product Type, Magnetic Field Strength, Application, and Country, 2022-2028
13.6. MEA Magnetic Resonance Imaging (MRI) Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Magnetic Field Strength& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. GE Healthcare
14.2.2. Siemens AG
14.2.3. Toshiba Corporation
14.2.4. Aurora Imaging Technologies, Inc.
14.2.5. Koninklijke Philips N.V.
14.2.6. Esaote SPA
14.2.7. Sanrad Medical Systems Pvt ltd
14.2.8. Fujifilm
14.2.9. Canon Medical Systems Corporation
15. Research Methodology
16. Key Assumptions and Acronyms
Report

Company Profile

  • GE Healthcare
  • Siemens AG
  • Toshiba Corporation
  • Aurora Imaging Technologies, Inc.
  • Koninklijke Philips N.V.
  • Esaote SPA
  • Sanrad Medical Systems Pvt ltd
  • Fujifilm
  • Canon Medical Systems Corporation

Description

The global magnetic resonance imaging market size valued $6.2 billion in 2021 and expected to reach $11.8 billion by 2028, at a CAGR of 6.0% during forecast period 2022 to 2028. Magnetic Resonance Imaging (MRI) is a non-invasive advanced diagnostic tool for disorders and diseases related to spine lesions, central nervous system, tumours, soft tissues, and other organs of the body. MRI produces high-quality images of tissues and body organs by applying the magnetic field strength and these images provide the information about the human body system. The quality of images produced by MRI depends on the magnetic field strength of the device. High field strength MRI produce clear images when compared with remaining magnetic resonance imaging devices. The images produced by magnetic resonance imaging system (MRI) systems give a clear information compared with other images such computed tomography (CT), X-ray, and ultrasound techniques. The magnetic resonance imaging market exhibiting lucrative growth owing to technological advancements such as innovation of newer MRI devices with high and low magnetic field strengths. Moreover, expanding the application of MRI in the various cancers screening and neurological disorders such as Alzheimer’s disease and multiple sclerosis, the rise in a number of road accidents lead to orthopaedic injuries, and need for high-resolution scanning techniques for spine and musculoskeletal injuries are expected to bolster the market. Furthermore, market players are adopting strategies such as acquisitions and mergers, collaborations, and launching of newer devices to garner larger market share. For instance, in July 2012, Aurora Imaging Technology, Inc. inked a distribution agreement with SUMEC Group Corporation for expanding breast MRI in China. In addition, in September 2016, GE Healthcare received market clearance for MAGnetic resonance image Compilation (MAGiC) software, a multi-contrast MRI technique that delivers eight contrasts in a single acquisition in a fraction of the time of conventional imaging.

Key Developments:

In October 2017, Siemens Heathineers received FDA clearance for Magnetom Terra, a high-field 7T MRI scanner

ASIA PACIFIC OFFICE

Precision Business Insights, MIG 366, SAI PLAZA, 1st Floor, KPHB Colony, Hyderabad - 500072

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX

QUICKLINKS
RESEARCH AREAS
PRESS RELEASE
CONTACT US
+1-866-598-1553
EMAIL
sales@precisionbusinessinsights.com
FOLLOW US
QUICK LINKS+
RESEARCH AREAS+
PRESS RELEASE+
CONTACT US+
+1-866-598-1553
sales@precisionbusinessinsights.com
FOLLOW US AT+