Magnetic Resonance Imaging Systems Market 2022, Demand, Trends and Forecast 2027

According to the latest report by IMARC Group, “Magnetic Resonance Imaging (MRI) Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global magnetic resonance imaging systems market reached a value of US$ 7.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.3 Billion by 2027, exhibiting a CAGR of 4.6% during 2022-2027.

Magnetic Resonance Imaging (MRI) systems refer to a non-invasive imaging technology used for producing three-dimensional (3D) images of the anatomy and physiological functioning of the body. An MRI machine uses a strong magnetic field and radio waves to generate detailed images and facilitate the detection, diagnosis, and treatment of a disease. It is usually combined with computed tomography (CT) and positron emission tomography (PET) scans for investigating various abnormalities, such as infections, tumors and cysts in the brain, bones, heart, and other internal organs.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The increasing prevalence of chronic diseases, especially among the geriatric population, and the rising awareness regarding the benefits of early diagnosis are some of the major factors driving the global MRI systems market growth. Rapid technological advancements, such as the development of four-dimensional (4D) imaging techniques and high-field MRI systems that are compatible with cardiac pacemakers, are also supporting the market growth. The sudden outbreak of coronavirus disease (COVID-19) is further creating a positive outlook for the market as MRI is extensively used for evaluating the effects of the virus.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Aspect Imaging

Aurora Imaging Technology

Bruker

Canon Medical Systems

Esaote S.P.A, Fonar Corporation

GE Healthcare

Hitachi

Royal Philips NV

Neusoft Medical Systems

Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

Siemens Healthineers.

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The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Architecture:

Closed System

Open System

Breakup by Field Strength:

Low Field Strength

Mid Field Strength

High Field Strength

Breakup by Application:

Oncology

Neurology

Cardiology

Gastroenterology

Musculoskeletal

Others

Breakup by End Use:

Hospitals

Imaging Centers

Ambulatory Surgical Centers

Others

Breakup by Technology:

MR Angiogram

MR Venogram

Functional MRI

MR Spectroscopy

Others

Market Breakup by Region:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

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