The global magnetic resonance imaging market is expected to reach US$ 7,955.1 Mn in 2025 from US$ 5,913.6 in 2017. The magnetic resonance imaging market is estimated to grow with a CAGR of 3.8% from 2018-2025.
Magnetic resonance imaging market is segmented by product into field strength, architecture, application, and end user. On the basis of field strength, the market is segmented into low field MRI systems, high-field MRI systems, and ultra-high-field MRI systems. The architecture segment of the magnetic resonance imaging market is segmented into open MRI systems, and closed MRI systems. The application segment of the magnetic resonance imaging market is segmented into open cardiology, oncology, gastroenterology, and neurology, musculoskeletal and other applications. The end user segment of the magnetic resonance imaging market is segmented into hospitals, ambulatory surgical centers, and diagnostic centers.
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Magnetic resonance imaging (MRI) is a scan which utilizes strong magnetic fields and radio waves for producing detailed images of the inside of the body. The MRI scanner is a large tube that contains powerful magnets, the patient lies inside the tube during the scan. An MRI scan can be used to examine almost any part of the body, which include brain and spinal cord, bones and joints, breasts, heart and blood vessels, and others. The report would be of an interest to various stakeholders operating in the magnetic resonance imaging market. These stakeholders include hospitals, diagnostic centers, research institutes, academic institutes, medical device suppliers, market research and consulting firms.
The important players covered in this Magnetic Resonance Imaging Market report- The major players operating in the magnetic resonance imaging market include General Electric, Koninklijke Philips N.V., Siemens AG, Canon Medical Systems Corporation, Esaote SpA, FONAR, Hitachi, Ltd., Aspect Imaging, Neusoft Corporation and Time Medical Holding. For instance, in April 2017, Philips introduced the latest MR solution neurology-focused MultiBand SENSE.
The objective of the study is to describe, define, and forecast the magnetic resonance imaging market by field strength, architecture, application, end user, and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall market.
The report analyzes factors affecting magnetic resonance imaging market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key magnetic resonance imaging manufacturing companies along with their SWOT analysis and market strategies.
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Also, key Magnetic Resonance Imaging Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
What our report offers:
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Magnetic Resonance Imaging Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the Magnetic Resonance Imaging Market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Table of Contents:
1. INTRODUCTION 25
1.1 SCOPE OF THE STUDY 25
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 25
2. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – KEY TAKEAWAYS 27
3. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – MARKET LANDSCAPE 30
3.1 OVERVIEW 30
3.2 MARKET SEGMENTATION 30
3.2.1 Global Magnetic Resonance Imaging Market – By Field Strength 31
3.2.2 Global Magnetic Resonance Imaging Market – By Architecture 31
3.2.3 Global Magnetic Resonance Imaging Market – By Application 32
3.2.4 Global Magnetic Resonance Imaging Market – By End User 32
3.2.5 Global Magnetic Resonance Imaging Market – By Geography 32
3.3 PEST ANALYSIS 33
3.3.1 North America – PEST Analysis 33
3.3.2 Europe– PEST Analysis 35
3.3.3 Asia Pacific– PEST Analysis 37
3.3.4 Middle East and Africa – PEST Analysis 39
3.3.5 South and Central America – PEST Analysis 41
4. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – KEY MARKET DYNAMICS 43
4.1 KEY MARKET DRIVERS 43
4.1.1 Increasing Awareness Regarding Benefits of Early Diagnosis 43
4.1.2 Technological Advancements in Magnetic Resonance Imaging 44
4.1.3 Increasing Funding and Favourable Policies by Government and Private Bodies 44
4.2 KEY MARKET RESTRAINTS 45
4.2.1 High Costs of MRI Systems 45
4.2.2 Side Effects and Risks Associated with Magnetic Resonance Imaging 45
4.3 KEY MARKET OPPORTUNITIES 46
4.3.1 Development of Hybrid MRI Systems 46
4.3.2 Emerging Markets 46
4.4 FUTURE TRENDS 48
4.4.1 Replacement of Low-Field MRI Systems to High-Field MRI Systems 48
4.5 IMPACT ANALYSIS 49
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