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Magnetic Resonance Imaging (MRI) Systems: Market Size, Segmentation, Opportunities, Trends, Growth and Industry Forecast To 2020


Imaging technologies such as X-ray, CT, ultrasound and MRI are the most common imaging modules used for diagnostics and other practices. Among these technologies, magnetic resonance imaging (MRI) is increasingly becoming the most preferred imaging module due to the offered advantages such as image precision, accuracy and minimum hazards from radiation exposure. MRI imaging can also produce 3D isotropic images and efficiently deliver soft tissue images, thus adding to the popularity of this technology in the global market.

The global MRI systems market is majorly driven by growing awareness about the benefits from MRI, technological innovations thus delivering precise imaging, and demand for high field scan. This technology is rapidly gaining foothold in emerging markets of China, India, Middle East and Latin America, due to high prevalence of chronic conditions such as cancer, cardiovascular diseases, musculoskeletal conditions, and neurological conditions. Considering such potential opportunities, international players are gradually establishing their bases in these regions to enhance their revenue generation and geographic reach. However, unfavorable reimbursement for latest technologies, and lack of skilled radiologists may hold back the growth of MRI systems industry in developed markets.

The global magnetic resonance imaging (MRI) systems market is segmented on the following bases:

1. System Type

a. Low-Field (1.2t or less) Scanners
b. 3T Scanners
c. 5T Scanners
d. 7T Scanners
e. Refurbished MRI
f. Others

2. Applications

a. Neurology
b. Cardiology
c. Breast Imaging
d. Vascular Imaging
e. Extremity Imaging (Musculoskeletal)
f. Pediatric Imaging
g. Others

3. Architecture

a. Closed MRI Systems
b. Open MRI Systems

4. Geography

a. North America

i. US
ii. Canada

b. Europe

i. UK
ii. Germany
iii. Rest of Europe

c. Asia-Pacific

i. Japan
ii. China
iii. Rest of APAC

d. Latin America

e. Middle East and Africa

Key players identified for magnetic resonance imaging (MRI) systems market include but are not limited to:

GE Healthcare, Hitachi Medical Corporation, Philips Healthcare, Siemens Healthcare, Toshiba Medical Systems, Neusoft Medical Systems Co., Ltd. and others

This report offers:

  • An overview of the global markets for magnetic resonance imaging (MRI) systems
  • Market trends assessment for the period 2014-2022, with historical information for 2014 & 2015, and projections through 2022, with respective CAGRS during 2016-2022
  • Qualitative assessment tools such as market drivers, challenges and future prospects, major commercial events, etc.
  • Market competition scrutiny tools such as market share analysis, attractive investment proposition, and Porter’s Five Forces model
  • Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the magnetic resonance imaging (MRI) systems market
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