Magnetic Resonance Imaging (MRI) Market Forecast To 2025 With Philips, Siemens Healthineers, Toshiba Medical Europe, Hitachi, GE Healthcare, Esaote, Fonar Corporation, Bruker, Aurora Imaging Technology, Inc.

Magnetic resonance imaging (MRI) market research report is a proven source of information which offers a telescopic view of the current market trends, situations, opportunities and status. This analysis gives an examination of various segments that are relied upon to witness the quickest development amid the estimate forecast frame. The data and the information regarding the magnetic resonance imaging (MRI) industry are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the market experts. It covers major manufacturers, suppliers, distributors, traders, customers, investors and major types, major applications.

The MRI Market accounted to USD 6.1 billion and growing at a CAGR of 5.5% during the forecast period.


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Report Forecasting Regional and Global Analysis on Magnetic Resonance Imaging (MRI) Market By Architecture (Closed MRI System, Open MRI System), By Field Strength (Low Field MRI System (1.5T), High Field MRI System (1.5T MRI System, 3T MRI System), Very High Field MRI System (4T to 6T), Ultra High Field MRI System (>7T), By Application (Brain & Neurological, Spine & Musculoskeletal, Vascular, Pelvic and Abdominal, Breast, Cardiac and Others) and Geography.

Magnetic resonance imaging devices are used in imaging diagnosis to record images of the internal structures of the body using magnetic fields and radio waves. MRI devices produce 3D anatomical images and are used for detection and diagnosis of diseases and monitoring the treatment. Magnetic resonance imaging devices are has its applications in examining brain, spine, joints (e.g., knee, shoulder, hip, wrist, and ankle), abdomen, pelvic region, breast, blood vessels, heart and other body parts. The magnetic resonance imaging (MRI) devices market is highly fragmented and is based on new product launches and clinical results of products. Some of the major players operating in magnetic resonance imaging (MRI) devices market are

· Hitachi Ltd.

· Siemens Healthcare

· Toshiba Medical Systems Corporation

· GE Healthcare

· Philips Healthcare

· Bruker Corporation

· Aurora Imaging Technology, Inc.

Other are Esaote S.P.A , Fonar Corporation, Neusoft Medical Systems Co., Ltd. among others. The major players in MRI devices market have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of magnetic resonance imaging (MRI) devices market for global, Europe, North America, Asia Pacific and South America.

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Major Market Drivers and Restraints:

· Increasing incidences of chronic diseases

· Increasing awareness and importance for minimally invasive surgical procedures

· Growing applications in neurology and cancer screening tests

· Inadequate Reimbursement Policies

· High costs for MRI examinations

· Increased competition from cost-effective imaging modules


Market Segmentation: Global Magnetic Resonance Imaging (MRI) Market

By architecture the market for magnetic resonance imaging devices is segmented into

· Closed MRI System

· Open MRI System

By field strength the magnetic resonance imaging devices market is segmented into

· Low field MRI system (1.5T),

· High field MRI system,

· Very high field MRI system (4T to 6T),

· Ultra high field MRI system (>7T).

High Field MRI system is further segmented into 1.5T MRI system, 3T MRI system.

On the basis of end-users the magnetic resonance imaging devices market is segmented into

· brain & neurological

· spine & musculoskeletal

· vascular

· pelvic and abdominal

· breast

· cardiac and others.

On the basis of geography, magnetic resonance imaging (MRI) devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.

Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

North America is expected to dominate the market.

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