Magnetic Resonance Imaging Market to Observe Exponential Growth by 2020-2025 | FONAR, Hitachi, Siemens, Esaote, Aspect Imaging, General Electric

The market for magnetic resonance imaging is expected to grow due to increasing awareness regarding early detection of diseases, technological advancements in magnetic resonance imaging, and increasing funding and initiatives undertaken by government and private bodies to promote MRI technology across the world are boosting the market over the years. In addition, the development of hybrid MRI systems are likely to have a positive impact on the growth of the market in the coming years.

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Top Players operating in the market:

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.

In June 2018, Canon Medical Systems Corporation introduced a new ultra-high resolution research-enabled 3T MRI System that allows for more accurate tissue diagnosis at early disease stages. The developments performed by the companies are helping the market to grow in the coming years.

Global magnetic resonance imaging market, based on the field strength into low field MRI systems, high-field MRI systems, and ultra-high-field MRI systems. The high-field MRI systems is the largest segment among the field strength segment in the magnetic resonance imaging market in 2017 and is also anticipated to hold the largest market in the year 2025. The low-field MRI systems segment is fastest growing segment and is accounted to grow at the highest growth rate during the forecast period. The low-field MRIs segment is also expected to dominate due to the attractive costs as they are two to three times less expensive to the original equipment manufacturers (OEM) than that of the high-field counterparts.

Magnetic Resonance Imaging Market: Regional analysis includes:

• Asia-Pacific(Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
• North America (the United States, Mexico, and Canada.)
• South America (Brazil etc.)
• The Middle East and Africa (GCC Countries and Egypt.)

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.

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