Product Code: RP-ID-10167291 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Healthcare & Pharmaceuticals |
Report ID: 10167291
Market Overview:
Global Magnetic Resonance Imaging Systems Market Size study, by Field Strength (Low-to-mid-Field, High Field, Very-high Field), by Architecture (Closed MRI Systems, Standards Bore MRI, Wide-Bore MRI, Open MRI Systems) and Regional Forecasts 2019-2026
Global Magnetic Resonance Imaging Systems Market is valued approximately USD 5.81 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.0% over the forecast period 2019-2026. A magnetic resonance imaging systems often abbreviated as MRI, is a technique of medical imaging used in radiology to form the pitchers of anatomy and the physical processes of the body. These pitchers are further used to diagnose and detect the presence of abnormalities in the body. This system uses MRI scanners to generate images of the organs in the body. Magnetic resonance imaging (MRI) system is medical application of nuclear magnetic resonance (NMR). This system is ideal as an effective diagnostic tool for tumors, central nervous system disorders, spine lesions, and stroke affected area in brain and blood vessels. Increasing geriatric population, high incidences of tumors and central nervous system disorders, increasing government support for MRI and increasing focus on the replacement of low-field MRI systems with high-field MRI systems are the few factor responsible for high CAGR of the market over the forecast period. For instance: according to the US Census Bureau’s “An Aging World Report 2015” estimated that, the number of people over 65 years will constitute 16.7% of the global population by 2050, which is almost double of that population in 2015 (8.5%). Moreover, novel application areas such as detection of metastasis and multiple sclerosis in cancer aided with emergence of hybrid MRI systems are the major factor likely to create lucrative growth opportunity to the market in the upcoming years. However, high cost of MRI systems and declining reimbursement rates for MRI procedures and uncertain outcomes of healthcare reforms are few factor anticipated to restraining the growth of global Magnetic Resonance Imaging Systems market during the forecast period.
The regional analysis of global Magnetic Resonance Imaging Systems Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the favorable reimbursement policies, advanced healthcare facilities & high healthcare spending and growing geriatric population in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising demand for high-field MRI systems, increasing geriatric population and high prevalence of cancer are few factors that would offer lucrative growth opportunities for the Magnetic Resonance Imaging Systems market across Asia-Pacific region.
Major market player included in this report are:
Hitachi
Siemens Healthineers
Canon Medical Systems
GE Healthcare
Philips
Aspect Imaging
Bruker
Aurora Imaging Technology
Esaote S.P.A
Fonar
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Field Strength:
Low-to-mid-Field
High Field
Very-high Field
By Architecture:
Closed MRI Systems
Standards Bore MRI
Wide-Bore MRI
Open MRI Systems
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Magnetic Resonance Imaging Systems Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Siemens Healthineers
Canon Medical Systems
GE Healthcare
Philips
Aspect Imaging
Bruker
Aurora Imaging Technology
Esaote S.P.A
Fonar
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