MRI Systems Market
Healthcare & Life Sciences
Reports and Insights
The report is titled as ‘MRI Systems Market: Opportunity Analysis and Future Assessment 2022-2030’. An overview of conceptual frameworks, analytical approaches of the MRI Systems market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market.
The MRI systems market is estimated to reach at a value of US$ 7.1 Bn by the end of 2022 and expected to reach at a value of US$ 12.0 Bn by 2030 with a significant CAGR of 6.7%.
MRI Systems Introduction
In present day’s modern healthcare science, imaging technology is considered one of the most remarkable triumphs. Several imaging technologies like X-Ray, CT scan, ultrasound imaging, and MRI are some of the most popular and commonly used imaging technologies employed in health practices. Among these modern healthcare technologies, Magnetic Resonance Imaging (MRI) systems is notably the most chosen imaging technology referring to its myriad of benefits over the other imaging technologies in the context of quality of scans and potential to seize the soft tissues.
Magnetic resonance imaging (MRI) by and large employs a magnetic field and computer-generated radio waves in order to generate elaborated and precise images of the organs and tissues in the body. It is important to note that, MRI technology has negligible risks on the patients as contrary to other imaging technologies, MRI systems do not generally emit ionizing radiation.
In addition to that, MRI systems carry the potential to produce images in any kind of surface, and it can also generate 3D isotropic images. Driven by which, Magnetic Resonance Imaging (MRI) is considered an effective diagnostic system for determining diseases associated with tumors, spine lesions, and strokes influencing the area of blood vessels and the brain. The soaring prevalence of chronic diseases among the population including neurological, cardiac, and oncological ailments is primarily boosting the growth of the global MRI systems market.
MRI Systems Market Segmentation
The global MRI Systems market is segmented on the basis of MRI Strength, components, architecture outlook, end user, and region.
By MRI Strength
1.5T MRI systems
3T MRI systems
Very-high-field MRI systems (4T and above)
Radiofrequency (RF) coils
Transmit and receive coils
Receive only coils
Transmit only coils
By Architecture Outlook
Standard bore MRI
Wide bore MRI
Open MRI systems
By End User
Ambulatory Surgical Centers
MRI Systems Market Key Players
Some of the key participating players in global MRI Systems market are:
Canon Medical Systems
Aurora Imaging Technologies, Inc.
Koninklijke Philips N.V.
Sanrad Medical Systems Pvt ltd
Neosoft Medical Systems
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product developments and launches
Current product compliance
Concerns for use of MRI Systems
Advantages of MRI Systems
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
Frequently Asked Question
What is the projected market size & Compound Annual Growth Rate (CAGR) of the MRI systems market?
The MRI systems market is estimated to reach at a value of US$ 7.1 Bn by the end of 2022 and expected to reach at a value of US$ 12.0 Bn by 2030 with a significant CAGR of 6.7%
Which base year is used in the MRI systems market report?
The base year for the report is 2021 in MRI systems market.
What segments are covered in MRI systems market report?
The global MRI Systems market is segmented on the basis of MRI Strength, components, architecture outlook, end user, and region
What are the key participating players in the MRI systems market?
The key players in this market are Siemens Healthineers, GE Healthcare, Phillips, Hitachi, Canon Medical Systems, Esaote, Aspect Imaging, FONAR, Neusoft Medical Systems, Aurora Imaging Technology, and Mindray