Magnetic Resonance Imaging Devices Market Size, Share, Analysis Report

Magnetic Resonance Imaging Devices Market By Type Analysis (Open MRI, Close MRI); By Field Strength Analysis (High Field system, Medium Field system, Low Field system); By Application (Spine & Musculoskeletal MRI, Brain & Neurological MRI, Vascular MRI, Pelvic & Abdominal MRI, Breast MRI, Cardiac MRI) and By Regional Analysis – Global Forecast by

The Global Magnetic Resonance Imaging Devices Market is expected to be around US$ 7.30 Billion by 2028 at a CAGR of 3.8% in the given forecast period.

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MARKET SNAPSHOT

Major Players

Study period:

2023-2028

Base Year:

2022

CAGR:

4

Fastest Growing Market:

APAC

Largest Market:

North America

REPORT DESCRIPTION

MRI is a non-intrusive radiology method for analysis, evaluation, and treatment of medical restorative conditions. It utilizes solid magnetic field, radio frequency pulses and a PC to create point by point picture of delicate tissues, organs, bones, and other inside body structures. This strategy is favored as an indicative device for infections and scatters identified with focal sensory system, tumors, spine injuries, stroke influenced range in mind, female pelvic issue, gastrointestinal tract condition, soft tissue and bone pathology or condition and a portion of the ear, nose and throat conditions and blood vessels.  Patients with metal inserts, cochlear embed, metal clasps, and cardiovascular pacemaker can’t be checked with the MRI because of attractive impact created by the devices amid the picture capture method.

How Big is The Global Magnetic Resonance Imaging Devices Market?

The Global Magnetic Resonance Imaging Devices Market is expected to be around US$ 7.30 Billion by 2028 at a CAGR of 3.8% in the given forecast period.

The major driving factors of Global Magnetic Resonance Imaging Devices Market are as follows:

  • Rise in neurological diseases
  • Growth in cancer, CVD and other life style oriented diseases
  • Enlargement in adoption of diagnostics system
  • Innovation giving rise to technological advancement

The restraining factors of Global Magnetic Resonance Imaging Devices Market are as follows:

  • Repayment policy may affect
  • Dearth of trained professionals
  • MRI system are of huge cost
  • Reimbursement Rates for MRI Procedures are declining

The Global Magnetic Resonance Imaging Devices Market is segmented on the lines of its type, field strength and regional. Based on type segmentation it covers open MRI, close MRI. Based on field strength segmentation it covers high field system, medium field system, low field system. The Global Magnetic Resonance Imaging Devices Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:
1) An overview of the global market for Global Magnetic Resonance Imaging Devices Market and related technologies.
2) Analyses of global market trends, with data from 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2028.
3) Identifications of new market opportunities and targeted promotional plans for Global Magnetic Resonance Imaging Devices Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets on Global Magnetic Resonance Imaging Devices Market with the reasons given for variations in the growth of the industry in certain regions.
 
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include GE Healthcare, Siemens Healthcare, Philips Healthcare, Hitachi Medical Corp, Toshiba Medical Systems Corp., Shimadzu Corp., Carestream Health, Hologic, Barco, Nordion. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Global Magnetic Resonance Imaging Devices Market has been segmented as below:

By Type Analysis:

  • Open MRI
  • Close MRI

By Field Strength Analysis:

  • High Field system
  • Medium Field system
  • Low Field system

By Application

  • Spine & Musculoskeletal MRI
  • Brain & Neurological MRI
  • Vascular MRI
  • Pelvic & Abdominal MRI
  • Breast MRI
  • Cardiac MRI

By Regional Analysis:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Reasons to Buy this Report:
1) Obtain the most up to date information available on all  Global Magnetic Resonance Imaging Devices Market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Global Magnetic Resonance Imaging Devices Market data.
4) Assess your competitor’s refining portfolio and its evolution.

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1    INTRODUCTION    
  1.1    Key Take Aways    
    1.2    Report Description    
    1.3    Markets Covered    
    1.4    Stakeholders    
    1.5    Research Methodology    
        1.5.1    Market Size    
        1.5.2    Market Share    
        1.5.3    Key Data Points From Secondary Sources    
        1.5.4    Key Data Points From Primary Sources

2 Research Methodology 
    2.1 Market Size Estimation 
    2.2 Market Breakdown and Data Triangulation 
           2.2.1 Key Data From Secondary Sources
           2.2.2 Key Data From Primary Sources
                    2.2.2.1 Key Industry Insights
           2.2.3 Assumptions for the Study

3 Executive Summary 
    3.1 Introduction 
    3.2 Evolution 
    3.3 Current Scenario 
    3.4 Future Outlook 
    3.5 Conclusion

4 Premium Insights 
    4.1 MRI Systems Market Overview 
    4.2 Geographic Snapshot: MRI Systems Market,  By Application 
    4.3 MRI Systems Market, By Region 
    4.4 MRI Systems Market, By Architecture 
    4.5 MRI Systems Market, By Field Strength 
    4.6 Lifecycle Analysis, By Region

5 Market Overview 
    5.1 Introduction 
    5.2 Commercial Products 
    5.3 Market Dynamics 
           5.3.1 Drivers
                    5.3.1.1 Rising Geriatric Population
                    5.3.1.2 Technological Advancements
           5.3.2 Restraints
                    5.3.2.1 High Cost of MRI Systems
                    5.3.2.2 Depleting Helium Gas Deposits
                    5.3.2.3 Declining Reimbursement Rates for MRI Procedures
           5.3.3 Key Opportunities
                    5.3.3.1 Emerging Markets (China, India, Brazil, and the Middle East)
                    5.3.3.2 Novel Application Areas Such as Detection of Multiple Sclerosis and Breast Cancer
                    5.3.3.3 Advent of Hybrid MRI Systems
           5.3.4 Key Challenges
                    5.3.4.1 Dearth of Trained Personnel
           5.3.5 Regulatory Landscape
                    5.3.5.1 U.S.
                    5.3.5.2 Canada
                    5.3.5.3 Europe
                    5.3.5.4 Australia
                    5.3.5.5 China
                    5.3.5.6 India
                    5.3.5.7 Japan
                    5.3.5.8 South Korea
           5.3.6 Reimbursement Scenario
           5.3.7 Burning Issues
                    5.3.7.1 Increasing Focus on Replacement of Low-Field MRI Systems With High-Field MRI Systems

6 MRI Systems Market, By Architecture 
    6.1 Introduction 
    6.2 Closed MRI Systems 
    6.3 Open MRI Systems

7 MRI Systems Market, By Field Strength 
    7.1 Introduction 
    7.2 Low-To-Mid-Field MRI Systems (<1.5T) 
    7.3 High-Field MRI Systems (1.5T to 3T) 
           7.3.1 1.5T MRI Systems
           7.3.2 3T MRI Systems
    7.4 Very-High-Field MRI Systems (4T to 6T) 
    7.5 Ultra-High-Field MRI Systems (7T and Above)

8 MRI Systems Market, By Application 
    8.1 Introduction 
    8.2 Brain and Neurological MRI 
    8.3 Spine and Musculoskeletal MRI 
    8.4 Vascular MRI 
    8.5 Pelvic and Abdominal MRI 
    8.6 Breast MRI 
    8.7 Cardiac MRI

9 MRI Systems Market, By Region 
    9.1 Introduction 
    9.2 North America 
           9.2.1 U.S.
           9.2.2 Canada
    9.3 Europe 
           9.3.1 Germany
           9.3.2 France
           9.3.3 U.K.
           9.3.4 Italy
           9.3.5 Spain
           9.3.6 Rest of Europe (RoE)
    9.4 Asia 
           9.4.1 China
           9.4.2 India
           9.4.3 Japan
           9.4.4 Rest of Asia (RoA)
    9.5 Rest of the World (RoW) 
           9.5.1 Brazil
           9.5.2 Other RoW Countries

10 Competitive Landscape 
     10.1 Overview 
     10.2 Market Share Analysis 
     10.3 Battle for Market Share: New Product Launches—Key Growth Strategy Adopted By Market Players 
     10.4 New Product Launches 
     10.5 Agreements, Partnerships, and Collaborations 
     10.6 Expansions 
     10.7 Other Developments

11 Company Profile
     11.1 Introduction 
     11.2 Hitachi Medical Systems (Subsidiary of Hitachi Ltd.) 
     11.3 Siemens Healthcare 
     11.4 Toshiba Medical Systems Corporation 
     11.5 GE Healthcare 
     11.6 Philips Healthcare 
     11.7 Bruker Corporation 
     11.8 Aurora Imaging Technology, Inc. 
     11.9 Esaote S.P.A 
     11.10 Fonar Corporation 
     11.11 Neusoft Medical Systems Co., 

The Global Magnetic Resonance Imaging Devices Market has been segmented as below:

By Type Analysis:

  • Open MRI
  • Close MRI

By Field Strength Analysis:

  • High Field system
  • Medium Field system
  • Low Field system

By Application

  • Spine & Musculoskeletal MRI
  • Brain & Neurological MRI
  • Vascular MRI
  • Pelvic & Abdominal MRI
  • Breast MRI
  • Cardiac MRI

By Regional Analysis:

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

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The market is expected to grow at a CAGR of 3.8% during the study period (2023-2028)
The Global Magnetic Resonance Imaging Devices Market is expected to be around US$ 7.30 Billion by 2028.
The segment included in Magnetic Resonance Imaging Devices Market is Type, Field Strength, Application and region.
Some key players operating in the Magnetic Resonance Imaging Devices Market include GE Healthcare, Siemens Healthcare, Philips Healthcare, Hitachi Medical Corp, Toshiba Medical Systems Corp., Shimadzu Corp., Carestream Health, Hologic, Barco
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