The global magnetic resonance imaging (MRI) systems market exhibited moderate growth during 2015-2020. Magnetic Resonance Imaging (MRI) refers to a non-invasive imaging technique, which is used to produce three dimensional (3D) images of organs and soft tissues inside the human body. An MRI machine consists of an adjustable bed and a large tube surrounded by a circular magnet through which the machine applies a magnetic field and radio waves on the patient’s body. It produces detailed images and facilitates diagnosis of abnormalities in the brain, bones, breasts, heart, internal organs and spine. The MRI is usually combined with positron emission tomography (PET) and computed tomography (CT) scans to assist the doctors in examining joints, ligaments, cartilage, muscles and tendons, which is useful for detecting various muscular and bone injuries.
The increasing prevalence of chronic diseases, along with the rising adoption of diagnostic services across the globe, is one of the key factors driving the growth of the market. MRI enables the early detection of orthopedic, cardiovascular and other conditions, which substantially increases the success rates of the treatment. This has consequently favored the adoption of MRI procedures across the globe. Furthermore, the growing geriatric population, which is more susceptible to such medical conditions, is also contributing to their increased adoption. Various technological advancements in the imaging equipment, such as software upgrades and utilization of super-conducting magnets compatible with cardiac pacemakers, are favoring the market growth. Moreover, innovations such as the introduction of 3D and 4D imaging equipped with accelerated processing speed and automated workflow, coupled with government initiatives to make quality healthcare facilities accessible to all, are projected to drive the market further. Looking forward, the global magnetic resonance imaging (MRI) systems market is expected to grow at a CAGR of around 5% during 2021-2026.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global magnetic resonance imaging (MRI) systems market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, architecture, field strength, application, end use and technology.
Breakup by Architecture:
Breakup by Field Strength:
Low Field Strength
Mid Field Strength
High Field Strength
Breakup by Application:
Breakup by End Use:
Ambulatory Surgical Centers
Breakup by Technology:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being Aspect Imaging, Aurora Imaging Technology, Bruker, Canon Medical Systems, Esaote S.P.A, Fonar Corporation, GE Healthcare, Hitachi, Koninklijke Philips NV, Neusoft Medical Systems, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. and Siemens Healthineers.
Key questions answered in this report:
How has the global magnetic resonance imaging (MRI) systems market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global magnetic resonance imaging (MRI) systems market?
What are the key regional markets?
What is the breakup of the market based on the architecture?
What is the breakup of the market based on the field strength?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end use?
What is the breakup of the market based on the technology?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global magnetic resonance imaging (MRI) systems market and who are the key players?
What is the degree of competition in the industry?