openPR Logo
Press release

Magnetic Resonance Imaging (MRI) Systems Market Key Players : GE Healthcare, Siemens AG, Koninklijke Philips N.V., Hitachi Medical Systems, Toshiba Corporation, Aurora Imaging Technologies Inc., Esaote SpA, Sanrad Medical Systems Pvt. Ltd., Fonar Corporat

01-18-2019 02:27 PM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

U.S. Magnetic Resonance Imaging (MRI) Systems Market size, By Field Strength, 2013-2024 (USD Million)

U.S. Magnetic Resonance Imaging (MRI) Systems Market size, By Field Strength, 2013-2024 (USD Million)

Magnetic Resonance Imaging (MRI) systems market landscape to be strongly characterized by strategic mergers & collaborations over 2017-2024.

The rapidly transforming medical technology landscape has heralded an era of unprecedented growth in magnetic resonance imaging systems market. With regards to the technological advancements, the most recent development in the magnetic resonance imaging (MRI) technology has been the introduction of MRI scanning of the lungs, enabling faster contrast scans and simplified cardiac imaging workflows. Lately, the MRI systems industry players have been making relentless efforts toward introducing latest upgradation in MRI & scanning technology, which has massively manifested the business landscape. One such breakthrough is Toshiba’s Ultrashort Echo Time (UTE) sequence for dedicated lung MRI. Toshiba’s recognized contribution to the product landscape of MRI systems market comes on the heels of difficulties faced during lung MRIs, as the organ is filled with air and hence there is low density of the hydrogen atoms required to create MR images. Such astounding innovations in product design and development have been one of the key factors that has uplifted the growth of magnetic resonance imaging systems market. According to a report by Global Market Insights, Inc., the global magnetic resonance imaging systems market stood at USD 5 billion in 2016, and is estimated to exceed a valuation of USD 8.5 billion by 2024.

Request sample copy of this report @

Reports claim that MRI is the most preferred technique for diagnosing disorders related to spine lesions, tumors, central nervous system, and stroke affected areas in brain and blood vessels, owing to its non-invasive imaging technology used for detecting structural abnormalities in the body. Rising incidences of these conditions coupled with increasing rate of chronic diseases have provided a significant push to magnetic resonance imaging systems industry size. Analysts further claim that, the increasing popularity of non-invasive diagnostic procedures, growing rate of geriatric population, and rapid technological advancements are some of the other prime drivers that have uplifted the growth of MRI systems market.

Recently, the U.S. Food and Drug Administration have granted clearance for the first 7T (seven tesla) MRI device that uses strong magnetic field and radio waves to generate images for clinical use in the Unites States. Sources reveal that the agency reviewed the safety of the radiofrequency subsystem through simulations, computational modeling, and rigorous experimental validations. In a study that compared the images of patients using the 7T and 3T devices, the images from 7T device, reportedly, were of better quality with improved imaging resolution. Speaking along similar lines, GE Healthcare’s MAGiC (MAGnetic resonance image Compilation) has also recently received its FDA clearance. GE Healthcare’s multi-contrast resonance technique is providing clinicians with more data in a fraction of time as compared to conventional scanning technology. Such technological advancements in scanners and growing penetration of advanced MRI systems and software in clinics have extensively proliferated growth opportunities for magnetic resonance imaging systems industry players.

Make Inquiry about this report @

Speaking of the competitive profiling, the global magnetic resonance imaging systems market is highly consolidated in nature and witnesses fierce competition amongst the industry players. Taking into account the growing competitiveness across the globe, several MRI systems market players are adopting the tried-and-tested growth strategies such as product innovation and M&As. For instance, in 2015, Toshiba acquired Olea Medical, which helped the company to accelerate its growth in the overall magnetic resonance imaging systems industry. Similar moves by other companies to upgrade their operational efficiencies and cater to demands for innovative and technologically advanced products have further led MRI systems market to accrue remarkable gains in the ensuing years. In fact, reports depict that the worldwide magnetic resonance imaging systems market is expected to expand at an annual growth rate of 7% over 2017-2024. Considering the healthy growth rate, especially in the emerging regions of Asia Pacific & Latin America and the rapid technological upgradations in the medical fraternity, industry experts foresees MRI systems industry to undoubtedly chart a profitable roadmap in the coming years.

Report Content

Chapter 1. Methodology and Scope
1.1. Research methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2. Executive Summary
2.1. Magnetic resonance imaging (MRI) systems industry 3600 synopsis, 2013 - 2024 (USD Million)
2.1.1. Business trends
2.1.2. Architecture trends
2.1.3. Field strength trends
2.1.4. End use trends
2.1.5. Regional trends

Chapter 3. Magnetic Resonance Imaging (MRI) Systems Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024 (USD Million)
3.3. Industry impact forces
3.3.1. Growth drivers Growing geriatric population Increasing chronic disease prevalence Growing awareness pertaining to early diagnosis Technological advancements Increasing number of accidents
3.3.2. Industry pitfalls & challenges Dearth of skilled professionals High cost of MRI system Depleting helium gas deposits
3.4. Growth potential analysis
3.4.1. By architecture
3.4.2. By field strength
3.4.3. By end-use
3.5. Porter's analysis
3.6. Competitive landscape, 2016
3.6.1. Strategy Dashboard
3.7. PESTEL analysis

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Blog :

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Magnetic Resonance Imaging (MRI) Systems Market Key Players : GE Healthcare, Siemens AG, Koninklijke Philips N.V., Hitachi Medical Systems, Toshiba Corporation, Aurora Imaging Technologies Inc., Esaote SpA, Sanrad Medical Systems Pvt. Ltd., Fonar Corporat here

News-ID: 1513049 • Views: 200

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases

More Releases for MRI

Magnetic Resonance Imaging (MRI) Systems Market by Field Strength (High-Field MR …
Global Magnetic Resonance Imaging (MRI) Systems Market was valued at USD 5.63 Billion in the year 2017. Global Magnetic Resonance Imaging (MRI) Systems Market is further estimated to grow at a CAGR of 4.02% from 2018 to reach USD 7.13 Billion by the year 2023. The North America region holds the highest market share in 2018 and the Asia Pacific is considered as the fastest growing market in the forecasted
Mri Systems Market Trends and Segments 2020
Magnetic resonance imaging (MRI) is an integrated healthcare system which is used for imaging internal parts of body. It is most widely used for diagnostics imaging of central nervous system for detecting stroke affected areas of brain, brain tumours, imaging blood vessels and spine lesions. It involves the use of magnetism, radio waves, and a computer to produce images of body structures. MRI scans are also used widely for cardiac
North America Hybrid MRI Market: Drivers & Restraints
According to the report Hybrid MRI Market, published by Market Data Forecast, the North America market is projected to grow substantially during the forecast period. MRI is an imaging technique which involves radio frequencies and magnetic field used to picture internal structures of the body without using radiation. MRI can be merged with other powerful methods to take clearer pictures of organs or in even treating some cancers. MRI in
Development Trends in Intraoperative MRI Market 2016
Qyresearchreports include new market research report Global Intraoperative MRI Market Research Report 2016 to its huge collection of research reports. The thorough report here assembles different perspectives having a place with the general Intraoperative MRI market which verbalizes the present-day data and future exposures with reference to the dynamic powers at play. The prime reason for the examination report is to offer the endorser with an extensive format and make accessible
Global MRI Industry 2022 Trends and Review has announced the addition of the “Global MRI Market Research Report 2017” The report focuses on global major leading players with information such as company profiles, product picture and specification. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD) , market share and growth rate of MRI in these regions, from 2012 to 2022 (forecast) , covering North America, Europe, China, Japan, Southeast Asia
United States MRI System Market Report 2017
In this report, the United States MRI System market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with sales (volume), revenue (value), market share and growth rate of MRI System in these