Executive Summary
The Global MRI Systems Market was valued at USD 7.13 Billion in the year 2020. The rising prevalence of chronic diseases, technological advancements in the field strength of MRI Systems, and the rising geriatric population will impel the usage of MRI Systems globally, hence, paving way for the growth in the market during the forecast period 2021-2026.
Based on the Field Strength segment, the 1.5T - 3T captured the lion's share in the global market in 2020. Globally, MRI diagnosis takes place with scanners of either of these strengths. The more than 3T field MRI systems are increasingly becoming popular due to their improvements in imaging quality over other scanners.
North America region is estimated to hold the maximum share in the global MRI Systems market, followed by Europe. However, the new emerging markets in the APAC region will witness the fastest growth rate in the forthcoming years.
The key factors driving the growth of this market include rising prevalence of chronic diseases such as cardiovascular diseases, breast cancer, neurological and musculoskeletal conditions among others, awareness about the benefits of early diagnosis, technological advancements leading to the replacement of low-field MRI systems with high-field MRI systems, and rising aged population worldwide. The other factors propelling the growth of the magnetic resonance imaging market are rising adoption of universal health coverage in the developed and developing markets, increasing product launches, adoption of high strength MRI equipment, rising healthcare infrastructure in emerging potential markets and advent of AI-Inspired MRI procedures.
Scope of the Report
• The report presents the analysis of the MRI Systems market for the historical period of 2016-2020 and the forecast period of 2021-2026.
• The report analyses the MRI Systems Market by Value (USD Million).
• The report analyses the MRI Systems Market by Architecture (Closed MRI Systems and Open MRI Systems).
• The report analyses the MRI Systems Market by Field Strength (Less than 1.5T, 1.5T - 3T and more than 3T).
• The report analyses the MRI Systems Market by Application (Neurology, Musculoskeletal, Cardiology and Others).
• The Global MRI Systems Market has been analysed by countries (United States, Canada, Germany, France, Italy, United Kingdom, China, Japan, India, and Australia).
• The key insights of the report have been presented through the frameworks of SWOT Analysis. Also, the attractiveness of the market has been presented by region, by Architecture, by field strength and by Application.
• Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Siemens Healthineers, General Electric, Phillips, Canon Medical Systems Corp., Hitachi, Ltd., Fonar Corporation, Esaote SpA, Anke high-tech co. ltd, Time medical systems, MR solutions.
Key Target Audience
• MRI Systems Manufacturers and Vendors
• Medical Imaging Industry
• Consulting and Advisory Firms
• Government and Research Organisations
• Medical Devices Regulatory Authorities
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. MRI Systems Market: Product Overview
4. Global MRI Systems Market: An Analysis
4.1 Market Size, By Value, 2016-2026
4.2 Impact of COVID-19 on MRI Systems Market
4.3 Global MRI Systems Market: Growth & Forecast
5. Global MRI Systems Market Segmentation, By Architecture (Value)
5.1 Competitive Scenario of Global MRI Systems Market: By Architecture
5.2 Global MRI Systems Market: Segment Analysis
5.3 By Closed MRI Systems- Market Size and Forecast (2016-2026)
5.4 By Open MRI Systems- Market Size and Forecast (2016-2026)
6. Global MRI Systems Market Segmentation, By Field Strength (Value)
6.1 Competitive Scenario of Global MRI Systems Market: By Field Strength (2020 & 2026)
6.2 Global MRI Systems Market: Segment Analysis
6.3 By Less than 1.5T- Market Size and Forecast (2016-2026)
6.4 By 1.5T - 3T- Market Size and Forecast (2016-2026)
6.5 By More than 3T- Market Size and Forecast (2016-2026)
7. Global MRI Systems Market Segmentation, By Application (Value)
7.1 Competitive Scenario of Global MRI Systems Market: By Application (2020 & 2026)
7.2 Global MRI Systems Market: Segment Analysis
7.3 By Neurology- Market Size and Forecast (2016-2026)
7.4 By Musculoskeletal- Market Size and Forecast (2016-2026)
7.5 By Cardiology- Market Size and Forecast (2016-2026)
7.6 By Others- Market Size and Forecast (2016-2026)
8. Global MRI Systems Market: Regional Analysis
8.1 Competitive Scenario of Global MRI Systems Market: By Region (2020 & 2026)
9. North America MRI Systems Market: An Analysis (2016-2026)
9.1 North America MRI Systems Market: Size and Forecast (2016-2026), By Value
9.2 North America MRI Systems Market - Prominent Companies
9.3 Market Segmentation By Architecture (Closed MRI Systems and Open MRI Systems)
9.4 Market Segmentation By Field Strength (Less than 1.5T, 1.5T - 3T and More than 3T)
9.5 Market Segmentation By Application (Neurology, Musculoskeletal, Cardiology and Others)
9.6 North America MRI Systems Market: Country Analysis
9.7 Market Opportunity Chart of North America MRI Systems Market - By Country, By Value (Year-2026)
9.8 Competitive Scenario of North America- By Country
9.9 United States MRI Systems Market: Size and Forecast (2016-2026), By Value
9.10 United States MRI Systems Market Segmentation By Architecture, By Field Strength, By Application (2016-2026)
9.11 Canada MRI Systems Market: Size and Forecast (2016-2026), By Value
9.12 Canada MRI Systems Market Segmentation By Architecture, By Field Strength, By Application (2016-2026)
10. Europe MRI Systems Market: An Analysis (2016-2026)
10.1 Europe MRI Systems Market: Size and Forecast (2016-2026), By Value
10.2 Europe MRI Systems Market: Prominent Companies
10.3 Market Segmentation By Architecture (Closed MRI Systems and Open MRI Systems)
10.4 Market Segmentation By Field Strength (Less than 1.5T, 1.5T - 3T and More than 3T)
10.5 Market Segmentation By Application (Neurology, Musculoskeletal, Cardiology and Others)
10.6 Europe MRI Systems Market: Country Analysis
10.7 Market Opportunity Chart of Europe MRI Systems Market - By Country, By Value (Year-2026)
10.8 Competitive Scenario of Europe MRI Systems Market- By Country (2020 & 2026)
10.9 Germany MRI Systems Market: Size and Forecast (2016-2026)
10.10 Germany MRI Systems Market Segmentation By Architecture, By Field Strength, By Application (2016-2026)
10.11 France MRI Systems Market: Size and Forecast (2016-2026)
10.12 France MRI Systems Market Segmentation By Architecture, By Field Strength, By Application (2016-2026)
10.13 Italy MRI Systems Market: Size and Forecast (2016-2026)
10.14 Italy MRI Systems Market Segmentation By Architecture, By Field Strength, By Application (2016-2026)
10.15 United Kingdom MRI Systems Market: Size and Forecast (2016-2026)
10.16 United Kingdom MRI Systems Market Segmentation By Architecture, By Field Strength, By Application (2016-2026)
11. Asia Pacific MRI Systems Market: An Analysis (2016-2026)
11.1 Asia Pacific MRI Systems Market by value: Size and Forecast (2016-2026)
11.2 Asia Pacific MRI Systems Market: Prominent Companies
11.3 Market Segmentation By Architecture (Closed MRI Systems and Open MRI Systems)
11.4 Market Segmentation By Field Strength (Less than 1.5T, 1.5T - 3T, More than 3T)
11.5 Market Segmentation By Application (Neurology, Musculoskeletal, Cardiology and Others)
11.6 Asia Pacific MRI Systems Market: Country Analysis
11.7 Market Opportunity Chart of Asia Pacific MRI Systems Market - By Country, By Value (Year-2026)
11.8 Competitive Scenario of Asia Pacific MRI Systems Market- By Country (2020 & 2026)
11.9 China MRI Systems Market: Size and Forecast (2016-2026)
11.10 China MRI Systems Market Segmentation By Architecture, By Field Strength, By Application (2016-2026)
11.11 Japan MRI Systems Market: Size and Forecast (2016-2026)
11.12 Japan MRI Systems Market Segmentation By Architecture, By Field Strength, By Application (2016-2026)
11.13 India MRI Systems Market: Size and Forecast (2016-2026)
11.14 India MRI Systems Market Segmentation By Architecture, By Field Strength, By Application (2016-2026)
11.15 Australia MRI Systems Market: Size and Forecast (2016-2026)
11.16 Australia MRI Systems Market Segmentation By Architecture, By Field Strength, By Application (2016-2026)
12. Global MRI Systems Market Dynamics
12.1 Global MRI Systems Market Drivers
12.2 Global MRI Systems Market Restraints
12.3 Global MRI Systems Market Trends
13. Market Attractiveness and Strategic Analysis
13.1 Market Attractiveness Chart of Global MRI Systems Market - By Architecture (Year 2026)
13.2 Market Attractiveness Chart of Global MRI Systems Market - By Field Strength (Year 2026)
13.3 Market Attractiveness Chart of Global MRI Systems Market - By Application (Year 2026)
13.4 Market Attractiveness Chart of Global MRI Systems Market - By Region (Year 2026)
14. Competitive Landscape
14.1 Market Share of Leading Global Companies
14.2 SWOT Analysis- Global MRI Systems Market
15. Global MRI Systems Market: Major Technological Innovations, Merger & Acquisitions, Recent Developments
16. Company Profiles (Business Description, Financial Analysis, Business Strategy)
16.1 Siemens Healthineers
16.2 General Electric
16.3 Philips
16.4 Canon Medical Systems
16.5 Hitachi Ltd.
16.6 Fonar Corporation
16.7 Anke High-tech
16.8 Esaote SpA
16.9 Time Medical Systems
16.10 MR Solutions
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