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Magnetic Resonance Imaging Systems Market: by Architecture (Closed Systems and Open Systems); by Field Strength (Very-high-field Systems, High-field Systems, and Low-to-mid-field Systems): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 - 2025

Published Date: 07-Nov-2019 Category: Medical Device Report Format : PDF Pages: 126 Report Code: ZMR-5017 Status : Published

According to the report, global demand for magnetic resonance imaging systems market was valued at approximately USD 5.92 billion in 2018, and is expected to generate revenue of around USD 7.57 billion by end of 2025, growing at a CAGR of around 3.6% between 2019 and 2025.

Description

The report covers forecast and analysis for the magnetic resonance imaging systems market on a global and regional level. The study provides historic data from 2016 along with forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the magnetic resonance imaging systems market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the magnetic resonance imaging systems market on a global as well as regional level.

Global Magnetic Resonance Imaging Systems Market

In order to give the users of this report a comprehensive view on the magnetic resonance imaging systems market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate and general attractiveness.

The report provides company market share analysis in order to give a broader overview of the key players in the magnetic resonance imaging systems market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the magnetic resonance imaging systems market on global and regional basis.

The study provides a crucial view on the magnetic resonance imaging systems by segmenting the market based on architecture, field strength, and region. All the segments of magnetic resonance imaging systems market have been analyzed based on present and future trends and the market is estimated from 2018 to 2025.

Magnetic resonance imaging (MRI) is widely used in radiology for imaging of anatomical structures and physiological processes of the body. Strong magnetic fields, radio waves and magnetic field gradients are used by MRI systems use to generate images of body structures and organs. MRI does not use ionizing radiation or X-rays unlike PET scans, CT or CAT scans. MRI is based on principle of nuclear magnetic resonance (NMR).

The increased penetration of the magnetic resonance imaging systems is mainly due to the technological advancements, detection of new helium deposits, increasing geriatric population base, increasing awareness and focus on early diagnosis, increasing demand for high field MRI systems with high image quality over low field systems. Increasing investment on R&D, new product launches are other factors driving the market growth. However, high cost of MRI systems may hamper the market growth.

Based on field strength market is segmented into MRI system with very high field, high field, and low to mid field. High-field MRI systems segment held largest market share in 2018. Large share of this segment is attributed to better image quality and thus wide preference by physicians. Very high field MRI systems will register fastest growth over the forecast period due new product launches with CE mark and FDA approval. Systems with field strength <1.5T are considered low-to-mid field whereas very high field MRI systems typically range from 4T and above. Field strength for high-field MRI systems ranges between 1.5T to 3T.

Based on architecture market is segmented into open and closed MRI systems. Largest market share was held by closed MRI systems in 2018. This large share is attributed to higher image quality due to high field strength. Closed systems are further sub segmented into wide bore and standard bore MRI systems. Wide bore segment is expected to grow rapidly in the years to come as they can accommodate larger patients. 

Asia Pacific dominated the market with large number of MRI installations. This is due to increasing FDI, increasing disposable income, increasing investments by hospitals and diagnostic centers for infrastructural development to offer with best in class facilities to its customers. North America held the second largest market share mainly due to the emphasis placed on presence of major manufacturers, availability of funds, increasing awareness, infrastructural development etc. European market was another important regional market for MRI systems. Middle East and Africa region will experience slower growth in the years to come. Latin America is projected to witness moderate growth for magnetic resonance imaging systems market during the forecast period.

Major players included in the report are Hitachi, Canon Medical Systems, Philips, Siemens Healthineers, GE Healthcare among others.

The report segment of global magnetic resonance imaging systems market as follows:

Global Magnetic Resonance Imaging Systems Market: By Field Strength

  • Low to mid field MRI systems (<1.5T)
  • High field MRI systems (1.5T to 3T)
  • Very high field MRI systems (4T and above)

Global Magnetic Resonance Imaging Systems Market: By Architecture

  • Open MRI systems
  • Closed MRI systems
    • Standard bore MRI
    • Wide bore MRI

Global Magnetic Resonance Imaging Systems Market: By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Magnetic Resonance Imaging Systems Market, 2016-2025 (USD Million)
    • 2.2. Magnetic Resonance Imaging Systems Market: Snapshot
  • Chapter 3. Magnetic Resonance Imaging Systems Market - Industry Analysis
    • 3.1. Magnetic Resonance Imaging Systems Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Driver 1
      • 3.2.2. Driver 2
    • 3.3. Restraints
      • 3.3.1. Restraint 1
      • 3.3.2. Restraint 2
    • 3.4. Opportunity
      • 3.4.1. Government funding and support
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis By Field Strength
      • 3.6.2. Market attractiveness analysis By Architecture
      • 3.6.3. Market attractiveness analysis by Region
  • Chapter 4. Magnetic Resonance Imaging Systems Market- Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Magnetic Resonance Imaging Systems Market: company market share, 2018
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Field Strength launches
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Magnetic Resonance Imaging Systems Market - By Field Strength Analysis
    • 5.1. Global Magnetic Resonance Imaging Systems Market overview: By Field Strength
      • 5.1.1. Global Magnetic Resonance Imaging Systems Marketshare, By Field Strength,2018 and 2025
    • 5.2. Low to mid field MRI systems (<1.5T)
      • 5.2.1. Global Magnetic Resonance Imaging Systems Market by Low to mid field MRI systems (<1.5T), 2016-2025 (USD Million)
    • 5.3. High field MRI systems (1.5T to 3T)
      • 5.3.1. Global Magnetic Resonance Imaging Systems Market by High field MRI systems (1.5T to 3T), 2016-2025 (USD Million)
    • 5.4. Very high field MRI systems (4T and above)
      • 5.4.1. Global Magnetic Resonance Imaging Systems Market by Very high field MRI systems (4T and above), 2016-2025 (USD Million)
  • Chapter 6. Global Magnetic Resonance Imaging Systems Market -Architecture Analysis
    • 6.1. Global Magnetic Resonance Imaging Systems Market overview: By Architecture
      • 6.1.1. Global Magnetic Resonance Imaging Systems Market share, By Architecture, 2018 and 2025
    • 6.2. Open MRI systems
      • 6.2.1. Global Magnetic Resonance Imaging Systems Market By Open MRI systems, 2016-2025 (USD Million)
    • 6.3. Closed MRI systems
      • 6.3.1. Global Magnetic Resonance Imaging Systems MarketBy Closed MRI systems, 2016-2025 (USD Million)
    • 6.4. Standard bore MRI
      • 6.4.1. Global Magnetic Resonance Imaging Systems Market By Standard bore MRI, 2016-2025 (USD Million)
    • 6.5. Wide bore MRI
      • 6.5.1. Global Magnetic Resonance Imaging Systems Market By Wide bore MRI, 2016-2025 (USD Million)
  • Chapter 7. Global Magnetic Resonance Imaging Systems Market - Regional Analysis
    • 7.1. Global Magnetic Resonance Imaging Systems Market overview: by Region
      • 7.1.1. Global Magnetic Resonance Imaging Systems Marketshare, by Region, 2018 and 2025
    • 7.2. North America
      • 7.2.1. North America Magnetic Resonance Imaging Systems Market, 2016-2025 (USD Million)
      • 7.2.2. North America Magnetic Resonance Imaging Systems Market revenue, By Field Strength,2016-2025 (USD Million)
      • 7.2.3. North America Magnetic Resonance Imaging Systems Market revenue, By Architecture, 2016-2025 (USD Million)
      • 7.2.4. The U.S.
        • 7.2.4.1. The U.S.Magnetic Resonance Imaging Systems Marketrevenue, By Field Strength,2016-2025 (USD Million)
        • 7.2.4.2. The U.S.Magnetic Resonance Imaging Systems Market revenue, By Architecture, 2016-2025 (USD Million)
      • 7.2.5. Rest of North America
        • 7.2.5.1. Rest of North America Magnetic Resonance Imaging Systems Market revenue, By Field Strength,2016-2025 (USD Million)
        • 7.2.5.2. Rest of North America Magnetic Resonance Imaging Systems Marketrevenue, By Architecture, 2016-2025 (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe Magnetic Resonance Imaging Systems Market, 2016-2025 (USD Million)
      • 7.3.2. Europe Magnetic Resonance Imaging Systems Market revenue, By Field Strength,2016-2025 (USD Million)
      • 7.3.3. Europe Magnetic Resonance Imaging Systems Market revenue, By Architecture, 2016-2025 (USD Million)
      • 7.3.4. UK
        • 7.3.4.1. U.K.Magnetic Resonance Imaging Systems Marketrevenue, By Field Strength,2016-2025 (USD Million)
        • 7.3.4.2. U.K.Magnetic Resonance Imaging Systems Market revenue, By Architecture, 2016-2025 (USD Million)
      • 7.3.5. France
        • 7.3.5.1. France Magnetic Resonance Imaging Systems Marketrevenue, By Field Strength,2016-2025 (USD Million)
        • 7.3.5.2. France Magnetic Resonance Imaging Systems Marketrevenue, By Architecture, 2016-2025 (USD Million)
      • 7.3.6. Germany
        • 7.3.6.1. Germany Magnetic Resonance Imaging Systems Marketrevenue, By Field Strength,2016-2025 (USD Million)
        • 7.3.6.2. Germany Magnetic Resonance Imaging Systems Market revenue, By Architecture, 2016-2025 (USD Million)
      • 7.3.7. Rest of Europe
        • 7.3.7.1. Rest of EuropeMagnetic Resonance Imaging Systems Marketrevenue, By Field Strength,2016-2025 (USD Million)
        • 7.3.7.2. Rest of EuropeMagnetic Resonance Imaging Systems Market revenue, By Architecture, 2016-2025 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Magnetic Resonance Imaging Systems Market, 2016-2025 (USD Million)
      • 7.4.2. Asia Pacific Magnetic Resonance Imaging Systems Marketrevenue, By Field Strength,2016-2025 (USD Million)
      • 7.4.3. Asia Pacific Magnetic Resonance Imaging Systems Market revenue, By Architecture, 2016-2025 (USD Million)
      • 7.4.4. China
        • 7.4.4.1. China Magnetic Resonance Imaging Systems Market revenue, By Field Strength,2016-2025 (USD Million)
        • 7.4.4.2. China Magnetic Resonance Imaging Systems Marketrevenue, By Architecture, 2016-2025 (USD Million)
      • 7.4.5. Japan
        • 7.4.5.1. Japan Magnetic Resonance Imaging Systems Market revenue, By Field Strength,2016-2025 (USD Million)
        • 7.4.5.2. Japan Magnetic Resonance Imaging Systems Marketrevenue, By Architecture, 2016-2025 (USD Million)
      • 7.4.6. India
        • 7.4.6.1. India Magnetic Resonance Imaging Systems Market revenue, By Field Strength,2016-2025 (USD Million)
        • 7.4.6.2. India Magnetic Resonance Imaging Systems Market revenue, By Architecture, 2016-2025 (USD Million)
      • 7.4.7. Rest of Asia Pacific
        • 7.4.7.1. Rest of Asia Pacific Magnetic Resonance Imaging Systems Marketrevenue, By Field Strength,2016-2025 (USD Million)
        • 7.4.7.2. Rest of Asia Pacific Magnetic Resonance Imaging Systems Market revenue, By Architecture, 2016-2025 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America Magnetic Resonance Imaging Systems Market, 2016-2025 (USD Million)
      • 7.5.2. Latin America Magnetic Resonance Imaging Systems Marketrevenue, By Field Strength,2016-2025 (USD Million)
      • 7.5.3. Latin America Magnetic Resonance Imaging Systems Marketrevenue, By Architecture, 2016-2025 (USD Million)
      • 7.5.4. Brazil
        • 7.5.4.1. Brazil Magnetic Resonance Imaging Systems Marketrevenue, By Field Strength,2016-2025 (USD Million)
        • 7.5.4.2. Brazil Magnetic Resonance Imaging Systems Marketrevenue, By Architecture, 2016-2025 (USD Million)
      • 7.5.5. Rest of LatinAmerica
        • 7.5.5.1. Rest of LatinAmerica Magnetic Resonance Imaging Systems Market revenue, By Field Strength,2016-2025 (USD Million)
        • 7.5.5.2. Rest of LatinAmerica Magnetic Resonance Imaging Systems Market revenue, By Architecture, 2016-2025 (USD Million)
    • 7.6. The Middle East and Africa
      • 7.6.1. The Middle East and Africa Magnetic Resonance Imaging Systems Market, 2016-2025 (USD Million)
      • 7.6.2. The Middle East and Africa Magnetic Resonance Imaging Systems Market revenue, By Field Strength,2016-2025 (USD Million)
      • 7.6.3. The Middle East and Africa Magnetic Resonance Imaging Systems Marketrevenue, By Architecture, 2016-2025 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. Hitachi
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Field Strength Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Canon Medical Systems
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Field Strength Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Philips
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Field Strength Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Siemens Healthineers
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Field Strength Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. GE Healthcare
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Field Strength Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development

Methodology

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