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MRI Systems Market

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    Report

  • 198 Pages
  • November 2023
  • Region: Global
  • Markets and Markets
  • ID: 4520320
Description Jump to:

The Asia-Pacific Region is Expected to Witness the Highest Growth During the Forecast Period

The global MRI systems market is projected to reach USD 6.6 billion by 2028 from USD 5.2 billion in 2023, at a CAGR of 5.0% from 2023 to 2028. Factors such as growing adoption of MRI systems and rising baby boomer population are responsible for the increasing growth of this market. Increasing research and development activities, government initiatives and rising number of clinical trials also attributes to the growth of MRI systems market. 

The high & very-high-field segment held the largest share of the market in 2022.

Based on field strength, the MRI systems market is segmented into low-to-mid-field MRI systems, high and very-high-field MRI systems, and ultra-high-field MRI systems. The high & very-high-field MRI systems segment held the largest market share in 2022. The large share of this segment can be attributed to the launch of technological advancements in MRI modalities and rising use of MRI systems by the end users. 

The closed MRI systems segment held the largest share of the market in 2022.

Based on architecture, the MRI systems market is segment into open MRI systems and closed MRI systems. The closed MRI systems segment held the largest market share in 2022. The large share of this segment can be attributed to the increasing use of wide-bore closed MRI systems by the end user facilities and excellent image resolution. 

The brain & neurological application segment is projected to register the highest CAGR of the MRI systems market by application during the forecast period.

Based on application, the MRI systems market is segmented into brain and neurological MRI, spine and musculoskeletal MRI, pelvic and abdominal MRI, vascular MRI, breast MRI, cardiac MRI , and other applications. The brain & neurological application segment is projected to register the highest CAGR of the MRI systems market from 2023 to 2028. Factors such as increasing use of rising use of hybrid MRI systems applications and rising adoption of AI and analytics in magnetic resonance maging are driving the market growth. 

The market in the Asia Pacific region is expected to witness the highest growth during the forecast period.

The MRI systems market in the APAC region is expected to register the highest CAGR during the forecast period, primarily due to evolving healthcare infrastructure and increasing focus of major players in the region. The healthcare infrastructure in emerging economies, such as China and India is evolving at a rapid pace, leading to major investments in advanced imaging systems by hospitals and diagnostic centers. These factors are anticipated to fuel the growth of MRI systems market in this region. 

A breakdown of the primary participants referred to for this report is provided below:

  • By Company Type: Tier 1-48%, Tier 2-36%, and Tier 3- 16%
  • By Designation: Director-level-14%, C-level-10%, and Others-76%
  • By Region: North America-40%, Europe-32%, Asia Pacific-20%, Latin America-5%, Middle East and Africa-3%
The prominent players in the MRI systems market are Siemens Healthineers (Germany), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), among others. 

Research Coverage

This report studies the MRI systems market based on field strength, architecture, application, end user, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions).

Reasons to Buy the Report 

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall MRI systems market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities. 

This report provides insights on the following pointers:

  • Analysis of key drivers (growing geriatric population and rising prevalence of associated diseases, increasing demand for early diagnosis, technological advancements in magnetic resonance imaging modalities, and increasing funding investments by public-private organizations), restraints (high cost of MRI systems, incompatibility of MRI systems in some patient populations, unfavourable reimbursement scenario, inadequate supply of helium), opportunities (emerging economies offer high growth potential, increasing establishment of hospitals and diagnostic imaging centers, adoption of AI and analytics in magnetic resonance imaging, increasing establishment of hospitals and diagnostic imaging centers, introduction of hybrid or fusion MRI systems), and challenges (hospital budget cuts, shortage of trained and skilled professionals) influencing the growth of the MRI systems market 
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the MRI systems market
  • Market Development: Comprehensive information about lucrative markets-the report analyses the MRI systems market across varied regions 
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the MRI systems market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Siemens Healthineers (Germany), GE Healthcare (US), and Koninklijke Philips N.V. (Netherlands).

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Inclusions & Exclusions
1.4 Market Segmentation
1.4.1 Markets Covered
1.4.2 Regions Covered
1.4.3 Years Considered
1.4.4 Currency Considered
1.5 Research Limitations
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Recession Impact

2 Research Methodology
2.1 Research Approach
Figure 1 Research Design
2.1.1 Secondary Research
2.1.2 Primary Research
2.1.2.1 Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
Figure 2 Breakdown of Primary Interviews: Supply-Side and Demand-Side Participants
Figure 3 Breakdown of Primary Interviews: by Company Type, Designation, and Region
2.2 Market Size Estimation
Figure 4 Hypothesis Building
2.2.1 Bottom-Up Approach
2.2.1.1 Company Revenue Estimation
Figure 5 Market Size Estimation: Company Revenue Estimation
Figure 6 Revenue Share Analysis: Illustrative Example of Siemens Healthineers
2.2.1.2 Customer-based Market Estimation
Figure 7 Bottom-Up Approach
2.2.1.3 Growth Forecast
2.2.1.4 CAGR Projections
Figure 8 Supply-Side Analysis: CAGR Projections
2.3 Data Triangulation
Figure 9 Data Triangulation
2.4 Market Share Estimation
2.5 Study Assumptions
2.6 Risk Assessment
Table 1 Risk Assessment: MRI Systems Market
2.7 Impact of Recession on the MRI Systems Market

3 Executive Summary
Figure 10 MRI Systems Market, by Field Strength, 2023 vs. 2028 (USD Million)
Figure 11 MRI Systems Market, by Architecture, 2023 vs. 2028 (USD Million)
Figure 12 MRI Systems Market, by Application, 2023 vs. 2028 (USD Million)
Figure 13 MRI Systems Market, by End-user, 2023 vs. 2028 (USD Million)
Figure 14 Regional Snapshot: MRI Systems Market

4 Premium Insights
4.1 MRI Systems Market Overview
Figure 15 Rising Prevalence of Chronic Diseases to Drive Market
4.2 Europe: MRI Systems Market, by Field Strength, 2023-2028 (USD Million)
Figure 16 High & Very-High-Field MRI Systems Dominated European Market in 2022
4.3 North America: MRI Systems Market, by Application, 2023-2028 (USD Million)
Figure 17 Brain and Neurological MRI to Command Largest Share in North American Market During Forecast Period
4.4 Asia-Pacific: MRI Systems Market, by End-user, 2023-2028 (USD Million)
Figure 18 Hospitals to Hold the Largest Share in the Asia-Pacific Market
4.5 Geographical Snapshot: MRI Systems Market
Figure 19 China to Witness Highest Growth Rate During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 20 Drivers, Restraints, Opportunities, and Challenges: MRI Systems Market
5.2.1 Drivers
5.2.1.1 Growing Geriatric Population and Rising Prevalence of Associated Diseases
Table 2 Prevalence of Age-Related Diseases
5.2.1.2 Increasing Demand for Early Diagnosis and Screening of Diseases
5.2.1.3 Technological Advancements in MRI Systems
Table 3 Technological Advancements in MRI Systems
5.2.1.4 Increasing Investments, Funds, and Grants by Public-Private Organizations
5.2.2 Restraints
5.2.2.1 High Cost of MRI Systems
5.2.2.2 Incompatibility of MRI Systems with Non-MRI-Conditional Devices
5.2.2.3 Unfavorable Reimbursement Scenario
5.2.2.4 Shortage of Helium
5.2.3 Opportunities
5.2.3.1 High Growth Potential in Emerging Economies
5.2.3.2 Adoption of AI and Analytics in MRI Systems
5.2.3.3 Increasing Number of Hospitals and Diagnostic Imaging Centers
5.2.3.4 Introduction of Hybrid or Fusion MRI Systems
5.2.4 Challenges
5.2.4.1 Decline in Proposed Budget for Healthcare Organizations
5.2.4.2 Dearth of Trained and Skilled Professionals
5.3 Pricing Analysis
Table 4 Regional Pricing Analysis of MRI Systems, 2022 (USD)
5.4 Value Chain Analysis
Figure 21 Value Chain Analysis
5.5 Ecosystem Market Map
5.6 Supply Chain Analysis
Figure 22 Supply Chain Analysis
5.7 Porter's Five Forces Analysis
Table 5 Porter's Five Forces Analysis: MRI Systems Market
5.8 Regulatory Landscape
Table 6 Regulatory Bodies, Government Agencies, and Other Organizations
5.8.1 North America
5.8.1.1 US
Table 7 US Fda: Medical Device Classification
Table 8 US: Medical Devices Regulatory Approval Process
5.8.1.2 Canada
Table 9 Canada: Medical Device Regulatory Approval Process
5.8.2 Europe
5.8.3 Asia-Pacific
5.8.3.1 Japan
Table 10 Japan: Medical Device Classification Under PMDA
5.8.3.2 China
Table 11 China: Classification of Medical Devices
5.8.3.3 India
5.9 Technology Analysis
5.10 Reimbursement Analysis
Table 12 Medical Reimbursement Codes for MRI Procedures in US, 2022
5.11 Trade Analysis
Table 13 Import Data for MRI Systems, by Country, 2018-2022 (USD Thousand)
Table 14 Export Data for MRI Systems, by Country, 2018-2022 (USD Thousand)
5.12 Patent Analysis
Figure 23 Top 10 Patent Applicants for MRI Systems (January 2012-December 2022)
5.13 Case Study Analysis
Table 15 Case Study: Revealing Small Liver Metastases Using Mr-Pet Scans That are Not Visible by Pet/CT Scans
5.14 Key Stakeholders & Buying Criteria
5.14.1 Key Stakeholders
Table 16 Key Requirements of Stakeholders on Buying Criteria of MRI Systems
5.14.2 Impact Analysis of Key Buying Criteria
Table 17 Key Requirements of Stakeholders on Buying Criteria of MRI Systems
5.15 Key Conferences & Events, 2023-2024
Table 18 List of Major Conferences & Events, 2023-2024

6 MRI Systems Market, by Field Strength
6.1 Introduction
Table 19 MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
6.2 High & Very-High-Field MRI Systems
Table 20 MRI Systems Market for High & Very-High-Field MRI Systems, by Type, 2021-2028 (USD Million)
Table 21 MRI Systems Market for High & Very-High-Field MRI Systems, by Region, 2021-2028 (USD Million)
Table 22 MRI Systems Market for High & Very-High-Field MRI Systems, by Application, 2021-2028 (USD Million)
Table 23 MRI Systems Market for High & Very-High-Field MRI Systems, by End-user, 2021-2028 (USD Million)
6.2.1 1.5T MRI Systems
6.2.1.1 Increased Use in Routine Examinations and Cardiac Imaging to Drive Segment
Table 24 1.5T MRI Systems Market, by Region, 2021-2028 (USD Million)
6.2.2 3T MRI Systems
6.2.2.1 Growing Use in Hospitals and Diagnostic Imaging Centers to Drive Segment
Table 25 3T MRI Systems Market, by Region, 2021-2028 (USD Million)
6.3 Low-To-Mid-Field MRI Systems
6.3.1 Lower Cost, Easier Installation, and Lesser Electricity Consumption to Drive Market
Table 26 MRI Systems Market for Low-To-Mid-Field MRI Systems, by Region, 2021-2028 (USD Million)
Table 27 MRI Systems Market for Low-To-Mid-Field MRI Systems, by Application, 2021-2028 (USD Million)
Table 28 MRI Systems Market for Low-To-Mid-Field MRI Systems, by End-user, 2021-2028 (USD Million)
6.4 Ultra-High-Field MRI Systems
6.4.1 Higher Resolution, Better Intrinsic Snr, and Improved Contrast to Drive Market
Table 29 MRI Systems Market for Ultra-High-Field MRI Systems, by Region, 2021-2028 (USD Million)
Table 30 MRI Systems Market for Ultra-High-Field MRI Systems, by Application, 2021-2028 (USD Million)
Table 31 MRI Systems Market for Ultra-High-Field MRI Systems, by End-user, 2021-2028 (USD Million)

7 MRI Systems Market, by Architecture
7.1 Introduction
Table 32 MRI Systems Market, by Architecture, 2021-2028 (USD Million)
7.2 Closed MRI Systems
Table 33 MRI Systems Market for Closed MRI Systems, by Type, 2021-2028 (USD Million)
Table 34 MRI Systems Market for Closed MRI Systems, by Region, 2021-2028 (USD Million)
7.2.1 Standard Bore MRI Systems
7.2.1.1 Higher Accuracy and Improved Sensitivity to Drive Segment
Table 35 Standard Bore MRI Systems Market, by Region, 2021-2028 (USD Million)
7.2.2 Wide-Bore MRI Systems
7.2.2.1 High-Quality MRI Images and Improved Patient Comfort to Drive Segment
Table 36 Wide-Bore MRI Systems Market, by Region, 2021-2028 (USD Million)
7.3 Open MRI Systems
7.3.1 Long Scanning Time and Poor Image Quality to Limit Market
Table 37 MRI Systems Market for Open MRI Systems, by Region, 2021-2028 (USD Million)

8 MRI Systems Market, by Application
8.1 Introduction
Table 38 MRI Systems Market, by Application, 2021-2028 (USD Million)
8.1.1 Brain and Neurological MRI
8.1.1.1 Rising Incidence of Neurodegenerative Diseases to Drive Market
Table 39 MRI Systems Market for Brain and Neurological MRI, by Region, 2021-2028 (USD Million)
8.1.2 Spine and Musculoskeletal MRI
8.1.2.1 Growing Demand for Spinal MRI in Geriatric Population to Drive Market
Table 40 MRI Systems Market for Spine and Musculoskeletal MRI, by Region, 2021-2028 (USD Million)
8.1.3 Vascular MRI
8.1.3.1 Rising Incidence of Vascular Disorders to Drive Market
Table 41 MRI Systems Market for Vascular MRI, by Region, 2021-2028 (USD Million)
8.1.4 Pelvic and Abdominal MRI
8.1.4.1 Increased Use in Prostate and Cervical Cancer Detection to Drive Market
Table 42 MRI Systems Market for Pelvic and Abdominal MRI, by Region, 2021-2028 (USD Million)
8.1.5 Breast MRI
8.1.5.1 Growing Awareness About Early Breast Cancer Screening to Drive Market
Table 43 MRI Systems Market for Breast MRI, by Region, 2021-2028 (USD Million)
8.1.6 Cardiac MRI
8.1.6.1 Rising Incidence of Cardiovascular Diseases to Drive Market
Table 44 MRI Systems Market for Cardiac MRI, by Region, 2021-2028 (USD Million)
8.1.7 Other Applications
Table 45 MRI Systems Market for Other Applications, by Region, 2021-2028 (USD Million)

9 MRI Systems Market, by End-user
9.1 Introduction
Table 46 MRI Systems Market, by End-user, 2021-2028 (USD Million)
9.2 Hospitals
9.2.1 Increased Adoption of Advanced MRI Systems to Drive Market
Table 47 MRI Systems Market for Hospitals, by Region, 2021-2028 (USD Million)
9.3 Diagnostic Imaging Centers
9.3.1 Rising Number of Private Imaging Centers to Drive Market
Table 48 MRI Systems Market for Diagnostic Imaging Centers, by Region, 2021-2028 (USD Million)
9.4 Other End-users
Table 49 MRI Systems Market for Other End-users, by Region, 2021-2028 (USD Million)

10 MRI Systems Market, by Region
10.1 Introduction
Table 50 MRI Systems Market, by Region, 2021-2028 (USD Million)
10.2 Asia-Pacific
Figure 24 Asia-Pacific: Cancer Prevalence, 2012-2020
Figure 25 Asia-Pacific: MRI Systems Market Snapshot
Table 51 Asia-Pacific: MRI Systems Market, by Country, 2021-2028 (USD Million)
Table 52 Asia-Pacific: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 53 Asia-Pacific: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
Table 54 Asia-Pacific: MRI Systems Market, by Architecture, 2021-2028 (USD Million)
Table 55 Asia-Pacific: MRI Systems Market for Closed MRI Systems, by Type 2021-2028 (USD Million)
Table 56 Asia-Pacific: MRI Systems Market, by Application, 2021-2028 (USD Million)
Table 57 Asia-Pacific: MRI Systems Market, by End-user, 2021-2028 (USD Million)
10.2.1 Asia-Pacific: Recession Impact
10.2.2 Japan
10.2.2.1 Japan to Dominate Asia-Pacific Market During Forecast Period
Table 58 Japan: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 59 Japan: MRI Systems Market for High & Very-High-Field MRI Systems, by Type, 2021-2028 (USD Million)
10.2.3 China
10.2.3.1 Increasing Government Initiatives and Growing Geriatric Population to Drive Market
Table 60 China: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 61 China: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.2.4 India
10.2.4.1 Uncertainties in Healthcare Policies to Limit Market
Table 62 India: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 63 India: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.2.5 South Korea
10.2.5.1 Rising R&D Funding and Increasing Government Initiatives to Drive Market
Table 64 South Korea: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 65 South Korea: MRI Systems Market for High & Very-High Field Systems, by Type, 2021-2028 (USD Million)
10.2.6 Australia
10.2.6.1 Growing Healthcare Spending and Increasing Research Funding to Drive Market
Table 66 Australia: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 67 Australia: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.2.7 Rest of Asia-Pacific
Table 68 Rest of Asia-Pacific: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 69 Rest of Asia-Pacific: MRI Systems Market for High & Very-High Field Systems, by Type, 2021-2028 (USD Million)
10.3 North America
Figure 26 North America: Cancer Prevalence, 2012-2020
Figure 27 North America: MRI Systems Market Snapshot
Table 70 North America: MRI Systems Market, by Country, 2021-2028 (USD Million)
Table 71 North America: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 72 North America: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
Table 73 North America: MRI Systems Market, by Architecture, 2021-2028 (USD Million)
Table 74 North America: MRI Systems Market for Closed MRI Systems, by Type 2021-2028 (USD Million)
Table 75 North America: MRI Systems Market, by Application, 2021-2028 (USD Million)
Table 76 North America: MRI Systems Market, by End-user, 2021-2028 (USD Million)
10.3.1 North America: Recession Impact
10.3.2 US
10.3.2.1 Rising Incidence of Chronic Diseases to Drive Market
Table 77 US: Key Macroindicators
Table 78 US: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 79 US: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.3.3 Canada
10.3.3.1 Rising Incidence of Heart and Kidney Diseases to Drive Market
Table 80 Canada: Key Macroindicators
Table 81 Canada: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 82 Canada: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.4 Europe
Table 83 Europe: MRI Systems Market, by Country, 2021-2028 (USD Million)
Table 84 Europe: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 85 Europe: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
Table 86 Europe: MRI Systems Market, by Architecture, 2021-2028 (USD Million)
Table 87 Europe: MRI Systems Market for Closed MRI Systems, by Type, 2021-2028 (USD Million)
Table 88 Europe: MRI Systems Market, by Application, 2021-2028 (USD Million)
Table 89 Europe: MRI Systems Market, by End-user, 2021-2028 (USD Million)
10.4.1 Europe: Recession Impact
10.4.2 Germany
10.4.2.1 Increasing Number of Diagnostic Imaging Centers to Drive Market
Table 90 Germany: Key Macroindicators
Table 91 Germany: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 92 Germany: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.4.3 UK
10.4.3.1 Increased Investments in Diagnostic Imaging Centers to Drive Market
Table 93 UK: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 94 UK: MRI Systems Market for High & Very-High Field Systems, by Type, 2021-2028 (USD Million)
10.4.4 France
10.4.4.1 Rising Target Patient Population and Increasing Government Investments to Drive Market
Table 95 France: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 96 France: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.4.5 Italy
10.4.5.1 Well-Established Healthcare Infrastructure to Drive Market
Table 97 Italy: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 98 Italy: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.4.6 Spain
10.4.6.1 Increasing Incidence of Cancer and Growing Geriatric Population to Drive Market
Table 99 Spain: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 100 Spain: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.4.7 Rest of Europe
Table 101 Rest of Europe: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 102 Rest of Europe: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.5 Latin America
Table 103 Latin America: MRI Systems Market, by Country, 2021-2028 (USD Million)
Table 104 Latin America: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 105 Latin America: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
Table 106 Latin America: MRI Systems Market, by Architecture 2021-2028 (USD Million)
Table 107 Latin America: MRI Systems Market for Closed MRI Systems, by Type 2021-2028 (USD Million)
Table 108 Latin America: MRI Systems Market, by Application, 2021-2028 (USD Million)
Table 109 Latin America: MRI Systems Market, by End-user, 2021-2028 (USD Million)
10.5.1 Latin America: Recession Impact
10.5.2 Brazil
10.5.2.1 Increasing Disease Burden and Growing Adoption of Healthcare Insurance to Drive Market
Table 110 Brazil: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 111 Brazil: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.5.3 Mexico
10.5.3.1 Rising Government Initiatives and Funding to Drive Market
Table 112 Mexico: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 113 Mexico: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.5.4 Rest of Latin America
Table 114 Rest of Latin America: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 115 Rest of Latin America: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
10.6 Middle East & Africa
10.6.1 Increasing Investments by Key Players to Drive Market
Table 116 Middle East & Africa: MRI Systems Market, by Field Strength, 2021-2028 (USD Million)
Table 117 Middle East & Africa: MRI Systems Market for High & Very-High-Field Systems, by Type, 2021-2028 (USD Million)
Table 118 Middle East & Africa: MRI Systems Market, by Architecture, 2021-2028 (USD Million)
Table 119 Middle East & Africa: MRI Systems Market for Closed MRI Systems, by Type 2021-2028 (USD Million)
Table 120 Middle East & Africa: MRI Systems Market, by Application, 2021-2028 (USD Million)
Table 121 Middle East & Africa: MRI Systems Market, by End-user, 2021-2028 (USD Million)
10.7 Middle East & Africa: Recession Impact

11 Competitive Landscape
11.1 Overview
11.2 Key Strategies/Right to Win
Figure 28 Strategies Adopted by Key Players in MRI Systems Market
11.3 Revenue Share Analysis
Figure 29 Revenue Share Analysis of Top Three Players (2020-2022)
11.4 Market Share Analysis
Figure 30 Siemens Healthineers Commanded Largest Market Share in 2022
Table 122 Degree of Competition: MRI Systems Market
11.5 Company Evaluation Matrix, 2022
11.5.1 Stars
11.5.2 Pervasive Players
11.5.3 Emerging Leaders
11.5.4 Participants
Figure 31 Company Evaluation Matrix, 2022
11.5.5 Company Footprint
Table 123 Field Strength and Regional Footprint: MRI Systems Market
11.6 Start-Up/SME Evaluation Matrix, 2022
11.6.1 Progressive Companies
11.6.2 Responsive Companies
11.6.3 Dynamic Companies
11.6.4 Starting Blocks
Figure 32 Start-Up/SME Evaluation Matrix, 2022
11.6.5 Competitive Benchmarking
Table 124 Detailed List of Key Start-Ups/SMEs
11.7 Competitive Scenario and Trends
11.7.1 Key Product Launches and Approvals
Table 125 Key Product Launches and Approvals, January 2020-October 2023
11.7.2 Key Deals
Table 126 Key Deals, January 2020-July 2023

12 Company Profiles
Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View
12.1 Key Players
12.1.1 Siemens Healthineers
Table 127 Siemens Healthineers: Company Overview
Figure 33 Siemens Healthineers: Company Snapshot (2022)
12.1.2 GE Healthcare
Table 128 GE Healthcare: Company Overview
Figure 34 GE Healthcare: Company Snapshot (2022)
12.1.3 Koninklijke Philips N.V.
Table 129 Koninklijke Philips N.V.: Company Overview
Figure 35 Koninklijke Philips N.V.: Company Snapshot (2022)
12.1.4 Fujifilm Corporation
Table 130 Fujifilm Corporation: Company Overview
Figure 36 Fujifilm Corporation: Company Snapshot (2022)
12.1.5 Canon Inc.
Table 131 Canon Inc.: Company Overview
Figure 37 Canon Inc.: Company Snapshot (2022)
12.1.6 Fonar Corporation
Table 132 Fonar Corporation: Company Overview
Figure 38 Fonar Corporation: Company Snapshot (2022)
12.1.7 Esaote S.P.A
Table 133 Esaote Spa: Company Overview
12.1.8 Shanghai United Imaging Healthcare Co. Ltd.
Table 134 Shanghai United Imaging Healthcare Co. Ltd.: Company Overview
Figure 39 Shanghai United Imaging Healthcare Co. Ltd.: Company
Snapshot (2022)
12.1.9 Aspect Imaging Ltd.
Table 135 Aspect Imaging Ltd.: Company Overview
12.1.10 Time Medical Holding
Table 136 Time Medical Holding: Company Overview
12.1.11 Neusoft Medical Systems Co. Ltd.
Table 137 Neusoft Medical Systems Co. Ltd.: Company Overview
12.1.12 Aurora Healthcare US Corp.
Table 138 Aurora Healthcare US Corp.: Company Overview
12.1.13 Sternmed GmbH
Table 139 Sternmed GmbH: Company Overview
12.1.14 Shenzhen Basda Medical Apparatus Co. Ltd.
Table 140 Shenzhen Basda Medical Apparatus Co. Ltd.: Company Overview
12.1.15 Xingaoyi Medical Equipment Co. Ltd.
Table 141 Xingaoyi Medical Equipment Co. Ltd.: Company Overview
Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in the Case of Unlisted Companies.
12.2 Other Players
12.2.1 Magnetica
12.2.2 Hyperfine, Inc.
12.2.3 Innervision MRI Ltd.
12.2.4 Shenzhen Anke High-Tech Co. Ltd.
12.2.5 Medonica Co. Ltd.
12.2.6 Beijing Wandong Medical Technology Co. Ltd.
12.2.7 Neoscan Solutions GmbH
12.2.8 Kangda Intercontinental Medical Equipment Co. Ltd.
12.2.9 Minfound Medical Systems Co. Ltd.
12.2.10 Synaptive Medical

13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Companies Mentioned

  • Aspect Imaging Ltd.
  • Aurora Healthcare US Corp.
  • Beijing Wandong Medical Technology Co. Ltd.
  • Canon Inc.
  • Esaote S.P.A
  • Fonar Corporation
  • Fujifilm Corporation
  • GE Healthcare
  • Hyperfine, Inc.
  • Innervision MRI Ltd.
  • Kangda Intercontinental Medical Equipment Co. Ltd.
  • Koninklijke Philips N.V.
  • Magnetica
  • Medonica Co. Ltd.
  • Minfound Medical Systems Co. Ltd.
  • Neoscan Solutions GmbH
  • Neusoft Medical Systems Co. Ltd.
  • Shanghai United Imaging Healthcare Co. Ltd.
  • Shenzhen Anke High-Tech Co. Ltd.
  • Shenzhen Basda Medical Apparatus Co. Ltd.
  • Siemens Healthineers
  • Sternmed GmbH
  • Synaptive Medical
  • Time Medical Holding
  • Xingaoyi Medical Equipment Co. Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages198
PublishedNovember 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 5.2 Billion
Forecasted Market Value ( USD ) by 2028 $ 6.6 Billion
Compound Annual Growth Rate5.0%
Regions CoveredGlobal
No. of Companies Mentioned25

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