MRI (Magnetic Resonance Imaging) Systems Market: Future Demand, CAGR Growth 3.8% Market Analysis & Outlook to 2027

The global MRI systems market size was valued at USD 6,097.8 Million in 2019 and is forecasted to reach USD 8,249.3 Million by 2027 at a CAGR of 3.8%.

MRI (Magnetic Resonance Imaging) Systems Market

The Global MRI (Magnetic Resonance Imaging) Systems Market Report has been recently formulated and added by Emergen Research, which aims to provide insightful data to the readers to help them make informed business decisions. The report further focuses on the segmentation of the MRI (Magnetic Resonance Imaging) Systems industry based on its segments and sub-segments as well as a detailed regional analysis. The MRI (Magnetic Resonance Imaging) Systems market is expected to register a high CAGR of 3.8% to reach a valuation of USD 6,097.8 Million by the end of 2027. The key factors and elements contributing to the growth of the industry have been thoroughly studied in the report.

The magnetic resonance imaging systems market is observing high demand attributed to its rising usage in neurological, musculoskeletal, vascular, spine, cardiac, abdominal, and breast cancer. Factors such as rising occurrences of target conditions, technological advancements, increased investments in the field of MRI imaging, growing awareness for early detection of chronic diseases, and growing geriatric population drive the market growth.

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The report covers in-depth profiling of the prominent players of the industry and includes Siemens Healthineers, GE Healthcare, Bruker Corporation, Canon Medical Systems, Koninklijke Philips NV, Aurora Imaging Technology Inc., Neusoft Medical Systems Co. Ltd., Fujifilm, Fonar Corporation, Aspect Imaging. Furthermore, it offers a detailed analysis of the competitive landscape of the market with massive data on recent trends, technological developments, product advancements, methodologies, and strategic business decisions such as mergers and acquisitions, joint ventures, collaborations, and product launches, among others.

For the purpose of this report, Emergen Research has segmented the global MRI Systems Market on the basis of field strength, architecture, application, and end-users:

  • Field Strength Outlook (Revenue, USD Billion; 2017-2027)
    • Very High Field MRI Systems
    • High Field MRI Systems
    • Low-To-Mid Field MRI Systems
  • Architecture Outlook (Revenue, USD Billion; 2017-2027)
    • Open MRI Systems
    • Closed MRI Systems
  • Application Outlook (Revenue, USD Billion; 2017-2027)
    • Brain & Neurological
    • Spine & Musculoskeletal
    • Vascular
    • Abdominal
    • Cardiac
    • Breast
    • Others
  • End-Users Outlook (Revenue, USD Billion; 2017-2027)
    • Hospitals & Clinics
    • Diagnostics Centers
    • Ambulatory Care Centers
    • Others

The report further covers extensive regional analysis of the MRI (Magnetic Resonance Imaging) Systems industry with regards to market scope, market size, market share, revenue generation, production and consumption ratio, supply and demand ratio, and analysis of the key players operating in those regions. The regional analysis covers North America, Europe, AsiaPacific, Latin America, and Middle East & Africa.

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Key questions answered in the Report:

  • What are the key driving factors of the MRI (Magnetic Resonance Imaging) Systems industry?
  • Which segment and sub-segment are expected to show significant growth during the forecast period?
  • What will the market size and growth rate be throughout the forecast period?
  • Who are the prominent players of the MRI (Magnetic Resonance Imaging) Systems industry?
  • What are the technological advancements and product developments taking place in the MRI (Magnetic Resonance Imaging) Systems market?
  • Which region is expected to dominate the market in the coming years?
  • What are the key outcomes of the SWOT analysis and Porter’s Five Forces analysis?
  • What are the key risk factors and challenges the companies will face in the market?
  • What factors are expected to hinder the growth of the MRI (Magnetic Resonance Imaging) Systems industry?

The report studies dynamic market elements such as drivers, restraints, challenges, threats, opportunities, and growth prospects, among others. The report presents the statistical data in an organized format with pictorial representations in charts, graphs, tables, figures, and diagrams. The report offers strategic recommendations to the new entrants as well as established players to assist them in capitalizing on the advantageous opportunities. The detailed analysis of the competitive landscape offers a competitive advantage to the reader and helps them gain a better understanding of the industry.

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Table of Content
Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope 
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. MRI Systems Market Segmentation & Impact Analysis
    4.1. MRI Systems Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
           Rising occurrences of target conditions
           Technological advancements
           Increased investments in the field of MRI imaging
           Growing awareness for early detection of chronic diseases
           Growing geriatric population
          4.2.3. Market restraints analysis
           Cost-prohibitive MRI systems
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter’s Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. MRI Systems Market By Field Strength Insights & Trends, Revenue (USD Million)  
    5.1. Field Strength Dynamics & Market Share, 2019 & 2027
          5.1.1. Very High Field MRI Systems
          5.1.2. High Field MRI Systems
          5.1.3. Low-To-Mid Field MRI Systems

Chapter 6. MRI Systems Market By Architecture Insights & Trends Revenue (USD Million)  
    6.1. Architecture Dynamics & Market Share, 2019 & 2027
          6.1.1. Open MRI Systems
          6.1.2. Closed MRI Systems


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