The Global Magnetic Resonance Imaging Market is expected to reach $7,955.1 Million in 2025 from $5,913.6 in 2017 to grow with a CAGR of 3.8% from 2018-2025.
The major players operating in the magnetic resonance imaging market include General Electric, Koninklijke Philips N.V., Siemens AG, Canon Medical Systems Corporation, Esaote SpA, FONAR, Hitachi, Ltd., Aspect Imaging, Neusoft Corporation and Time Medical Holding.
For instance, in April 2017, Philips introduced the latest MR solution neurology-focused MultiBand SENSE. The launch of the product helped in the faster diagnosis of the diseases. And the launch expanded the geographical presence of the company in global magnetic resonance imaging market.
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The report analyzes factors affecting magnetic resonance imaging market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key magnetic resonance imaging manufacturing companies along with their SWOT analysis and market strategies.
Magnetic resonance imaging market is segmented by product into field strength, architecture, application, and end user. On the basis of field strength, the market is segmented into low field MRI systems, high-field MRI systems, and ultra-high-field MRI systems. The architecture segment of the magnetic resonance imaging market is segmented into open MRI systems, and closed MRI systems. The application segment of the magnetic resonance imaging market is segmented into open cardiology, oncology, gastroenterology, and neurology, musculoskeletal and other applications. The end user segment of the magnetic resonance imaging market is segmented into hospitals, ambulatory surgical centers, and diagnostic centers.
The objective of the study is to describe, define, and forecast the magnetic resonance imaging market by field strength, architecture, application, end user, and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall market.
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Magnetic resonance imaging (MRI) is a scan which utilizes strong magnetic fields and radio waves for producing detailed images of the inside of the body. The MRI scanner is a large tube that contains powerful magnets, the patient lies inside the tube during the scan. An MRI scan can be used to examine almost any part of the body, which include brain and spinal cord, bones and joints, breasts, heart and blood vessels, and others. The report would be of an interest to various stakeholders operating in the magnetic resonance imaging market. These stakeholders include hospitals, diagnostic centers, research institutes, academic institutes, medical device suppliers, market research and consulting firms.
Key Insights Covered:
1. INTRODUCTION 25
1.1 SCOPE OF THE STUDY 25
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 25
2. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – KEY TAKEAWAYS 27
3. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – MARKET LANDSCAPE 30
3.1 OVERVIEW 30
3.2 MARKET SEGMENTATION 30
3.2.1 Global Magnetic Resonance Imaging Market – By Field Strength 31
3.2.2 Global Magnetic Resonance Imaging Market – By Architecture 31
3.2.3 Global Magnetic Resonance Imaging Market – By Application 32
3.2.4 Global Magnetic Resonance Imaging Market – By End User 32
3.2.5 Global Magnetic Resonance Imaging Market – By Geography 32
3.3 PEST ANALYSIS 33
3.3.1 North America – PEST Analysis 33
3.3.2 Europe– PEST Analysis 35
3.3.3 Asia Pacific– PEST Analysis 37
3.3.4 Middle East and Africa – PEST Analysis 39
3.3.5 South and Central America – PEST Analysis 41
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4. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – KEY MARKET DYNAMICS 43
4.1 KEY MARKET DRIVERS 43
4.1.1 Increasing Awareness Regarding Benefits of Early Diagnosis 43
4.1.2 Technological Advancements in Magnetic Resonance Imaging 44
4.1.3 Increasing Funding and Favourable Policies by Government and Private Bodies 44
4.2 KEY MARKET RESTRAINTS 45
4.2.1 High Costs of MRI Systems 45
4.2.2 Side Effects and Risks Associated with Magnetic Resonance Imaging 45
4.3 KEY MARKET OPPORTUNITIES 46
4.3.1 Development of Hybrid MRI Systems 46
4.3.2 Emerging Markets 46
4.4 FUTURE TRENDS 48
4.4.1 Replacement of Low-Field MRI Systems to High-Field MRI Systems 48
4.5 IMPACT ANALYSIS 49
5. MAGNETIC RESONANCE IMAGING MARKET – GLOBAL ANALYSIS 50
5.1 GLOBAL MAGNETIC RESONANCE IMAGING MARKET REVENUE FORECASTS AND ANALYSIS 50
5.2 GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY GEOGRAPHY – FORECASTS AND ANALYSIS 51
5.3 MARKET POSITIONING 52
5.4 PERFORMANCE OF KEY PLAYERS 52
5.4.1 Siemens Healthcare GmbH 52
5.4.2 General Electric Company 53
5.4.3 Canon Medical Systems Corporation 53
5.5 EXPERT OPINIONS 53
6. MAGNETIC RESONANCE IMAGING MARKET – GLOBAL REGULATORY SCENARIO 54
6.1 NORTH AMERICA 54
6.1.1 US 54
6.1.2 Canada 55
6.1.3 Mexico 56
6.2 EUROPE 57
6.3 ASIA PACIFIC 58
6.3.1 Japan 58
6.3.2 China 59
6.3.3 India 60
6.4 MIDDLE EAST & AFRICA 61
6.4.1 Saudi Arabia 61
6.4.2 South Africa 62
6.5 SOUTH & CENTRAL AMERICA 63
6.5.1 Brazil 63
7. GLOBAL MAGNETIC RESONANCE IMAGING MARKET ANALYSIS – BY FIELD STRENGTH 64
7.1 OVERVIEW 64
7.2 GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY FIELD STRENGTH, 2017 & 2025 (%) 64
7.3 LOW-FIELD MRI SYSTEMS MARKET 65
7.3.1 Overview 65
7.3.2 Global Low-Field MRI Systems Market Revenue and Forecasts to 2025 (US$ Mn) 65
7.4 HIGH-FIELD MRI SYSTEMS MARKET 66
7.4.1 Overview 66
7.4.2 Global High-Field MRI Systems Market Revenue and Forecasts to 2025 (US$ Mn) 66
7.5 ULTRA HIGH-FIELD MRI SYSTEMS MARKET 67
7.5.1 Overview 67
7.5.2 Global Ultra High-Field MRI Systems Market Revenue and Forecasts to 2025 (US$ Mn) 68
8. GLOBAL MAGNETIC RESONANCE IMAGING MARKET ANALYSIS – BY ARCHITECTURE 69
8.1 OVERVIEW 69
8.2 GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY ARCHITECTURE, 2017 & 2025 (%) 69
8.3 OPEN MRI SYSTEMS MARKET 70
8.3.1 Overview 70
8.3.2 Global Open MRI Systems Market Revenue and Forecasts to 2025 (US$ Mn) 70
8.4 CLOSED MRI SYSTEMS MARKET 71
8.4.1 Overview 71
8.4.2 Global Closed MRI Systems Market Revenue and Forecasts to 2025 (US$ Mn) 71
9. GLOBAL MAGNETIC RESONANCE IMAGING MARKET ANALYSIS – BY APPLICATION 72
9.1 OVERVIEW 72
9.2 GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY APPLICATION, 2017 & 2025 (%) 72
9.3 CARDIOLOGY MARKET 73
9.3.1 Overview 73
9.3.2 Global Cardiology Market Revenue and Forecasts to 2025 (US$ Mn) 73
9.4 ONCOLOGY MARKET 74
9.4.1 Overview 74
9.4.2 Global Oncology Market Revenue and Forecasts to 2025 (US$ Mn) 75
9.5 GASTROENTEROLOGY MARKET 76
9.5.1 Overview 76
9.5.2 Global Gastroenterology Market Revenue and Forecasts to 2025 (US$ Mn) 76
9.6 NEUROLOGY MARKET 77
9.6.1 Overview 77
9.6.2 Global Neurology Market Revenue and Forecasts to 2025 (US$ Mn) 77
9.7 MUSCULOSKELETAL MARKET 78
9.7.1 Overview 78
9.7.2 Global Musculoskeletal Market Revenue and Forecasts to 2025 (US$ Mn) 78
9.8 OTHERS MARKET 79
9.8.1 Overview 79
9.8.2 Global Others Market Revenue and Forecasts to 2025 (US$ Mn) 79
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