+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Magnetic Resonance Imaging Equipment Market Report and Forecast 2023-2031

  • PDF Icon

    Report

  • 140 Pages
  • April 2023
  • Region: Global
  • Expert Market Research
  • ID: 5786940
Global Magnetic Resonance Imaging Equipment Market Report and Forecast 2023-2031
Global Magnetic Resonance Imaging Equipment Market Outlook
The global magnetic resonance imaging equipment market size attained a value of nearly USD 6.13 billion in 2022. The market is anticipated to grow further at a CAGR of 6.20% during the forecast period of 2023-2031 to attain a value of USD 10.53 billion by 2031. The major factors attributing to the market growth include increasing prevalence of chronic diseases and technological advancements in MRI equipment.

Global Magnetic Resonance Imaging Equipment Market: Introduction

Magnetic resonance Imaging (MRI) is a non-invasive diagnostic imaging technology that uses a strong magnetic field and radio waves to produce detailed images of internal body structures. MRI is commonly used to diagnose and monitor a variety of medical conditions, including neurological disorders, musculoskeletal disorders, cardiovascular diseases, and cancers.

Magnetic resonance Imaging (MRI) equipment is used to perform these diagnostic procedures. The equipment includes a large magnet, radiofrequency coils, and a computer system that processes the data generated by the coils. The patient is placed on a table that slides into the opening of the magnet, and the coils are positioned around the area of interest.

There are several types of MRI equipment available, including closed MRI systems, open MRI systems, and standing MRI systems. Closed MRI systems are the most common and are typically used in hospitals and imaging centres. They consist of a large cylindrical magnet that completely surrounds the patient, which can cause discomfort and anxiety for some patients. Open MRI systems are designed to be more comfortable for patients, as they are more spacious and do not completely surround the patient. Standing MRI systems are used for imaging the spine and joints while the patient is standing, allowing for a more natural weight-bearing position.

MRI equipment is constantly evolving, with new advancements being made in technology to improve image quality, reduce scan time, and increase patient comfort. The global market for MRI equipment is expected to continue to grow as the demand for diagnostic imaging services increases, particularly in emerging markets.

Global Magnetic Resonance Imaging Equipment Market: Applications and Uses

Magnetic resonance imaging (MRI) equipment is a non-invasive medical imaging technology that uses a strong magnetic field and radio waves to produce detailed images of internal body structures. Some of the applications and uses of MRI equipment are:
  • Diagnosis of various diseases: MRI is commonly used to diagnose and evaluate a variety of medical conditions such as brain and spinal cord injuries, tumours, multiple sclerosis, stroke, heart disease, joint and bone disorders, and many more
  • Research studies: MRI technology is also used in various research studies and clinical trials to study and understand the pathophysiology of different diseases and disorders
  • Treatment planning: MRI is often used to guide treatment planning, especially for conditions that require surgical intervention such as brain tumours, spinal cord injuries, and joint replacements
  • Screening: MRI can also be used for screening purposes, particularly for high-risk individuals such as those with a family history of cancer or heart disease
  • Monitoring treatment progress: MRI is useful in monitoring the effectiveness of treatment and disease progression, particularly for conditions like cancer, multiple sclerosis, and Alzheimer's disease
Overall, MRI equipment has a wide range of applications and uses in the medical field, and its usage is expected to increase with the advent of newer and more advanced technologies.

Global Magnetic Resonance Imaging Equipment Market Segmentations

Market Breakup by Strength

  • Low Field
  • Mid Field
  • High Field

Market Breakup by Type

  • Closed MRI Systems
  • Open MRI Systems

Market Breakup by Application

  • Musculoskeletal
  • Neurology
  • Cardiology
  • Vascular
  • Abdominal
  • Others
Magnetic Resonance Imaging Equipment Market Breakup by End User
  • Hospitals
  • Ambulatory Surgical Centres
  • Diagnostic/Imaging Centres
  • Others

Market Breakup by Region

North America

  • United States of America
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Global Magnetic Resonance Imaging Equipment Market Market Scenario

The global magnetic resonance imaging (MRI) equipment market is expected to grow steadily in the coming years due to factors such as the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in MRI equipment.

The market growth is driven by the increasing demand for MRI equipment for diagnosing various medical conditions such as cancer, cardiovascular disorders, and neurological disorders. In addition, the advent of new MRI technologies such as open MRI and high-field MRI, which offer improved patient comfort and higher resolution images, is expected to further boost the market growth.

Geographically, North America dominates the MRI equipment market, owing to the high prevalence of chronic diseases, availability of advanced healthcare infrastructure, and government initiatives to promote early diagnosis and treatment. The Asia-Pacific region is also expected to witness significant growth due to the increasing adoption of advanced medical technologies and growing healthcare expenditure in countries such as China and India.

In terms of MRI equipment types, the closed MRI segment is expected to dominate the market due to its higher resolution images and wider availability. However, the open MRI segment is expected to witness significant growth due to its increased patient comfort and decreased anxiety during the scan.

Overall, the global MRI equipment market is expected to grow steadily in the coming years, driven by increasing demand for MRI equipment for diagnosis and treatment of various medical conditions, as well as the advent of newer and more advanced MRI technologies.

Key Players in the Global Magnetic Resonance Imaging Equipment Market

The report gives an in-depth analysis of the key players involved in the global magnetic resonance imaging equipment market. The companies included in the market are as follows:
  • General Electric Company
  • Koninklijke Philips N.V
  • Canon Medical Systems Corporation
  • Siemens Healthineers AG
  • Fujifilm Corporation
  • Shenzhen Anke High-tech Co., Ltd
  • Fonar Corporation
  • Philips Healthcare
  • Esaote Spa
  • Sanrad Medical systems Pvt. ltd
  • Aurora Healthcare
  • Barco N.V
  • Hitachi, Ltd. (Hitachi Medical Corporation)


This product will be delivered within 5-7 business days.

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Magnetic Resonance Imaging Equipment Market Overview
3.1 Global Magnetic Resonance Imaging Equipment Market Historical Value (2016-2022)
3.2 Global Magnetic Resonance Imaging Equipment Market Forecast Value (2023-2031)
4 Global Magnetic Resonance Imaging Equipment Market Landscape
4.1 Global Magnetic Resonance Imaging Equipment Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Magnetic Resonance Imaging Equipment Product Landscape
4.2.1 Analysis by Strength
4.2.2 Analysis by Type
4.2.3 Analysis by Applications
4.2.4 Analysis by End User
5 Global Magnetic Resonance Imaging Equipment Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Magnetic Resonance Imaging Equipment Market Segmentation
6.1 Global Magnetic Resonance Imaging Equipment Market by Strength
6.1.1 Market Overview
6.1.2 Low Field
6.1.3 Mid Field
6.1.4 High Field
6.2 Global Magnetic Resonance Imaging Equipment Market by Type
6.2.1 Market Overview
6.2.2 Closed MRI Systems
6.2.3 Open MRI Systems
6.3 Global Magnetic Resonance Imaging Equipment Market by Application
6.3.1 Market Overview
6.3.2 Musculoskeletal
6.3.3 Neurology
6.3.4 Cardiology
6.3.5 Vascular
6.3.6 Abdominal
6.3.7 Others
6.4 Global Magnetic Resonance Imaging Equipment Market by End User
6.4.1 Market Overview
6.4.2 Hospitals
6.4.3 Ambulatory Surgical Centres
6.4.4 Diagnostic/Imaging Centres
6.4.5 Others
6.5 Global Magnetic Resonance Imaging Equipment Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Magnetic Resonance Imaging Equipment Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Magnetic Resonance Imaging Equipment Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Magnetic Resonance Imaging Equipment Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Magnetic Resonance Imaging Equipment Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Magnetic Resonance Imaging Equipment Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 General Electric Company
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Koninklijke Philips N.V.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Canon Medical Systems Corporation
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Siemens Healthineers AG
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Fujifilm Corporation
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Shenzhen Anke High-tech Co., Ltd.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Fonar Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Philips Healthcare
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Esaote Spa
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Sanrad Medical systems Pvt. ltd.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Aurora Healthcare
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Barco N.V.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Hitachi, Ltd. (Hitachi Medical Corporation)
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Magnetic Resonance Imaging Equipment Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • General Electric Company
  • Koninklijke Philips N.V.
  • Canon Medical Systems Corporation
  • Siemens Healthineers AG
  • Fujifilm Corporation
  • Shenzhen Anke High-Tech Co. Ltd.
  • Fonar Corporation
  • Philips Healthcare
  • Esaote Spa
  • Sanrad Medical Systems Pvt. Ltd.
  • Aurora Healthcare
  • Barco N.V.
  • Hitachi, Ltd. (Hitachi Medical Corporation)

Methodology

Loading
LOADING...

Table Information