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This market study is analyzed on both global and regional level with 2020 as the base year and forecasts are available till 2028. The impact for Covid-19 has also been accounted during the market estimation and the same reflects throughout the study.
The segmentation covered in this market study are as mentioned below:
Type-Segment Analysis:
Open System
Closed System
Field Strength-Segment Analysis:
High
Medium
Low
Application Segment Analysis:
Neurological
Musculoskeletal
Cardiac
Vascular
Breast
Others
Major factors attributing for the Magnetic Resonance Imaging (MRI) market includes rising awareness about early diagnosis, rising geriatric population base, introduction of technical advancement such as implementation of software application in the systems which in turn may increase the accuracy. Implementation of various technologically advanced products namely espree MRI Systems and introduction of RF subsystem for operating MRI are also attributed for the growth of the global MRI market.
Moreover, there are few more market propelling factors that includes ascendancy in patients with cardiovascular and neurological disorders, increasing incidences of road accidents caused under influence of alcohol, inefficient law enforcement and rash driving. However, there are certain factors such as high capital investment, declining reimbursement rates, and declination of helium gas depositions that are expected to disrupt the growth of this market over the forecast period.
In 2020, closed systems accounted for the largest market shares due to fast and accurate diagnosis results and high usage rate amongst majority of the hospital chains. Over the forecast period, very high field MRI systems are established to grow at a significant rate. The improvement in quality of image, having higher resolutions quality, and increasing speed are the key attributing factors for the growth of this segment. The brain and neurological MRI system segment is expected to have the largest MRI market share. The key attributing factor for its large market share is the lack of substitute imaging tool for brain and neurological diagnosis.
North America is estimated as the major revenue achieving region. Better reimbursement policies, higher awareness and upgrading technical infrastructure are the factors fuelling North American market. Asia Pacific is anticipated as the fastest growing region. Favorable government initiatives such as change India and make India campaigns, large pool of well-trained medical professionals, awareness about the sophisticated medical diagnosis technique, growing geriatric population which requires more focused and accurate diagnosis and development of healthcare infrastructure are few associating factors for being the fastest growing region, especially for MRI technologies.
Key players in this market include Hitachi medical corporation, Siemens Healthcare, and Toshiba medical systems, GE Healthcare, Philips healthcare.
Details of the market study:
Historical Data: 2016 to 2019
Base Year: 2020
Forecasts: 2021-2028
CAGR: 2021-2028
Market trend analysis in terms of drivers, restraints and opportunities
Industry analysis using Porters, PESTEL and SWOT
Market estimates and forecasts available for the following regions and countries:
o North America (U.S. & Canada)
o Europe (UK & Germany)
o Asia Pacific (Japan & China)
o Latin America (Brazil, Mexico)
o MEA (South Africa, Saudi Arabia)
Market players analysis in terms of companys overview, financial performance, product/service benchmarking and strategic initiatives taken up by them
Chapter 1. Research Method
1.1. Segment Definition
1.2. Secondary Research
1.2.1. Approaches Used
1.2.2. Sources
1.3. Primary Reseach
1.3.1. Details of primary interviews conducted
1.3.2. Sample Size
Chapter 2. Executive Summary
Chapter 3. Magentic Resonance Imaging Market: Industry Outlook
3.1. Market Trends
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.2. Market Restraint Analysis
3.2.3. Market Opportunities
3.2.4. Market Challenges
3.3. Business Analysis Tools
3.3.1. Porters Five Forces Model
3.3.2. PESTEL Analysis
Chapter 4. Magnetic Resonance Imaging Market: Type Outlook
4.1. Market share analysis, 2020 & 2028
4.2. Magnetic Resonance Imaging Market, By Type, 2016 - 2028
4.3. Market Size & Forecasts, 2016 - 2028 for the following
4.3.1. Open System
4.3.2. Closed System
Chapter 5. Magnetic Resonance Imaging Market: Field Strength Outlook
5.1. Market share analysis, 2020 & 2028
5.3. Magnetic Resonance Imaging Market, By Field Strength, 2016 - 2028
5.4. Market Size & Forecasts, 2016 - 2028 for the following
5.4.1. High
5.4.2. Medium
5.4.3. Low
Chapter 6. Magnetic Resonance Imaging Market: Application Outlook
6.1. Market share analysis, 2020 & 2028
6.3. Magnetic Resonance Imaging Market, By Application, 2016 - 2028
6.4. Market Size & Forecasts, 2016 - 2028 for the following
6.4.1. Neurological
6.4.2. Muscoloskeletal
6.4.3. Cardiac
6.4.4. Breast
6.4.5. Vascular
6.4.6. Others
Chapter 7. Magnetic Resonance Imaging Market: Regional Outlook
7.1. Regional market share analysis, 2020 & 2028
7.2. Regional Market Dashboard
7.3. Market Size, & Forecasts, 2020 to 2028:
7.4. North America
7.4.1. Estimates & Forecasts, 2016 to 2028, By Type
7.4.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.4.3. Estimates & Forecasts, 2016 to 2028, By Application
7.4.5. U.S.
7.5.5.1. Estimates & Forecasts, 2016 to 2028, By Type
7.5.5.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.5.5.3. Estimates & Forecasts, 2016 to 2028, By Application
7.5.5. Canada
7.5.5.1. Estimates & Forecasts, 2016 to 2028, By Type
7.5.5.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.5.5.3. Estimates & Forecasts, 2016 to 2028, By Application
7.4. Europe
7.4.1. Estimates & Forecasts, 2016 to 2028, By Type
7.4.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.4.3. Estimates & Forecasts, 2016 to 2028, By Application
7.4.5. UK
7.5.5.1. Estimates & Forecasts, 2016 to 2028, By Type
7.5.5.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.5.5.3. Estimates & Forecasts, 2016 to 2028, By Application
7.5.5. Germany
7.5.5.1. Estimates & Forecasts, 2016 to 2028, By Type
7.5.5.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.5.5.3. Estimates & Forecasts, 2016 to 2028, By Application
7.4. APAC
7.4.1. Estimates & Forecasts, 2016 to 2028, By Type
7.4.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.4.3. Estimates & Forecasts, 2016 to 2028, By Application
7.4.5. Japan
7.5.5.1. Estimates & Forecasts, 2016 to 2028, By Type
7.5.5.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.5.5.3. Estimates & Forecasts, 2016 to 2028, By Application
7.5.5. China
7.5.5.1. Estimates & Forecasts, 2016 to 2028, By Type
7.5.5.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.5.5.3. Estimates & Forecasts, 2016 to 2028, By Application
7.4. Latin America
7.4.1. Estimates & Forecasts, 2016 to 2028, By Type
7.4.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.4.3. Estimates & Forecasts, 2016 to 2028, By Application
7.4.5. Brazil
7.5.5.1. Estimates & Forecasts, 2016 to 2028, By Type
7.5.5.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.5.5.3. Estimates & Forecasts, 2016 to 2028, By Application
7.5.5. Mexico
7.5.5.1. Estimates & Forecasts, 2016 to 2028, By Type
7.5.5.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.5.5.3. Estimates & Forecasts, 2016 to 2028, By Application
7.4. MEA
7.4.1. Estimates & Forecasts, 2016 to 2028, By Type
7.4.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.4.3. Estimates & Forecasts, 2016 to 2028, By Application
7.4.5. South Africa
7.5.5.1. Estimates & Forecasts, 2016 to 2028, By Type
7.5.5.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.5.5.3. Estimates & Forecasts, 2016 to 2028, By Application
7.5.5. Saudi Arabia
7.5.5.1. Estimates & Forecasts, 2016 to 2028, By Type
7.5.5.2. Estimates & Forecasts, 2016 to 2028, By Field Strength
7.5.5.3. Estimates & Forecasts, 2016 to 2028, By Application
Chapter 8. Magnetic Resonance Imaging Market Company Profiles
8.1. Hitachi Medical Corporation
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.1. Siemens Healthcare
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.1. Toshiba Medical System
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.1. GE Healthcare
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.1. Phillips Healthcare
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
Table 1 Global magnetic resonance imaging market, by Region, 2016 - 2028 (USD Million)
Table 2 Global magnetic resonance imaging market, by type, 2016 - 2028 (USD Million)
Table 3 Global magnetic resonance imaging market, by field strength, 2016 - 2028
Table 4 Global magnetic resonance imaging market, by application, 2016 - 2028 (USD Million)
Table 5 North America MRI market, by country, 2016 - 2028 (USD Million)
Table 6 North America MRI market, by type, 2016 - 2028 (USD Million)
Table 7 North America MRI market, by field strength, 2016 - 2028
Table 8 North America MRI market, by application, 2016 - 2028 (USD Million)
Table 9 U.S. MRI market, by type, 2016 - 2028 (USD Million)
Table 10 U.S. MRI market, by field strength, 2016 - 2028
Table 11 U.S. MRI market, by application, 2016 - 2028 (USD Million)
Table 12 Canada MRI market, by type, 2016 - 2028 (USD Million)
Table 13 Canada MRI market, by field strength, 2016 - 2028
Table 14 Canada MRI market, by application, 2016 - 2028 (USD Million)
Table 15 Europe MRI market, by country, 2016 - 2028 (USD Million)
Table 16 Europe MRI market, by type, 2016 - 2028 (USD Million)
Table 17 Europe MRI market, by field strength, 2016 - 2028
Table 18 Europe MRI market, by application, 2016 - 2028 (USD Million)
Table 19 U.K. MRI market, by type, 2016 - 2028 (USD Million)
Table 20 U.K. MRI market, by field strength, 2016 - 2028
Table 21 U.K. MRI market, by application, 2016 - 2028 (USD Million)
Table 22 Germany MRI market, by type, 2016 - 2028 (USD Million)
Table 23 Germany MRI market, by field strength, 2016 - 2028
Table 24 Germany MRI market, by application, 2016 - 2028 (USD Million)
Table 25 Asia Pacific MRI market, by type, 2016 - 2028 (USD Million)
Table 26 Asia Pacific MRI market, by field strength, 2016 - 2028
Table 27 Asia Pacific MRI market, by application, 2016 - 2028 (USD Million)
Table 28 Japan MRI market, by type, 2016 - 2028 (USD Million)
Table 29 Japan MRI market, by field strength, 2016 - 2028
Table 30 Japan MRI market, by application, 2016 - 2028 (USD Million)
Table 31 China MRI market, by type, 2016 - 2028 (USD Million)
Table 32 China MRI market, by field strength, 2016 - 2028
Table 33 China MRI market, by application, 2016 - 2028 (USD Million)
Table 34 Latin America MRI market, by country, 2016 - 2028 (USD Million)
Table 35 Latin America MRI market, by type, 2016 - 2028 (USD Million)
Table 36 Latin America MRI market, by field strength, 2016 - 2028
Table 37 Latin America MRI market, by application, 2016 - 2028 (USD Million)
Table 38 Brazil MRI market, by type, 2016 - 2028 (USD Million)
Table 39 Brazil MRI market, by field strength, 2016 - 2028
Table 40 Brazil MRI market, by application, 2016 - 2028 (USD Million)
Table 41 Mexico MRI market, by type, 2016 - 2028 (USD Million)
Table 42 Mexico MRI market, by field strength, 2016 - 2028
Table 43 Mexico MRI market, by application, 2016 - 2028 (USD Million)
Table 44 Middle East & Africa MRI market, by country, 2016 - 2028 (USD Million)
Table 45 Middle East & Africa MRI market, by type, 2016 - 2028 (USD Million)
Table 46 Middle East & Africa MRI market, by field strength, 2016 - 2028
Table 47 Middle East & Africa MRI market, by application, 2016 - 2028 (USD Million)
Table 48 South Africa MRI market, by type, 2016 - 2028 (USD Million)
Table 49 South Africa MRI market, by field strength, 2016 - 2028
Table 50 South Africa MRI market, by application, 2016 - 2028 (USD Million)
Table 51 Saudi Arabia MRI market, by type, 2016 - 2028 (USD Million)
Table 52 Saudi Arabia MRI market, by field strength, 2016 - 2028
Table 153 Saudi Arabia MRI market, by application, 2016 - 2028 (USD Million)
Figure 1 Secondary research method
Figure 2 Primary research method
Figure 3 Research approaches
Figure 4 Market segmentation
Figure 5 Market driver relevance analysis
Figure 6 Market restraint relevance analysis
Figure 7 PESTEL Analysis
Figure 8 Porters five forces analysis
Figure 9 MRI market: Type outlook
Figure 10 Open System Market, 2016-2028 (USD Million)
Figure 11 Closed System Market, 2016-2028 (USD Million)
Figure 12 MRI market: Field Strength outlook
Figure 13 Low Market, 2016-2028 (USD Million)
Figure 14 Medium Market, 2016-2028 (USD Million)
Figure 15 High Market, 2016-2028 (USD Million)
Figure 16 MRI market: Application outlook
Figure 17 Neurological Market, 2016-2028 (USD Million)
Figure 18 Musculoskeletal Market, 2016-2028 (USD Million)
Figure 19 Cardiac Market, 2016-2028 (USD Million)
Figure 20 Vascular Market, 2016-2028 (USD Million)
Figure 21 Breast Market, 2016-2028 (USD Million)
Figure 22 Others Market, 2016-2028 (USD Million)
Figure 23 Regional market
Figure 24 Regional outlook, 2020 & 2028
Figure 25 North America MRI market, by country, 2016 - 2028 (USD Million)
Figure 26 North America MRI market, by type, 2016 - 2028
Figure 27 North America MRI market, by field strength, 2016 - 2028
Figure 28 North America MRI market, by application, 2016 - 2028
Figure 29 U.S. MRI market, by type, 2016 - 2028
Figure 30 U.S. MRI market, by field strength, 2016 - 2028
Figure 31 U.S. MRI market, by application, 2016 2028
Figure 32 Canada MRI market, by type, 2016 - 2028
Figure 33 Canada MRI market, by field strength, 2016 - 2028
Figure 34 Canada MRI market, by application, 2016 2028
Figure 35 Europe MRI market, by country, 2016 - 2028 (USD Million)
Figure 36 Europe MRI market, by type, 2016 - 2028
Figure 37 Europe MRI market, by field strength, 2016 - 2028
Figure 38 Europe MRI market, by application, 2016 - 2028
Figure 39 UK MRI market, by type, 2016 - 2028
Figure 40 UK MRI market, by field strength, 2016 - 2028
Figure 41 UK MRI market, by application, 2016 2028
Figure 42 Germany MRI market, by type, 2016 - 2028
Figure 43 Germany MRI market, by field strength, 2016 - 2028
Figure 44 Germany MRI market, by application, 2016 2028
Figure 45 APAC MRI market, by country, 2016 - 2028 (USD Million)
Figure 46 APAC MRI market, by type, 2016 - 2028
Figure 47 APAC MRI market, by field strength, 2016 - 2028
Figure 48 APAC MRI market, by application, 2016 - 2028
Figure 49 Japan MRI market, by type, 2016 - 2028
Figure 50 Japan MRI market, by field strength, 2016 - 2028
Figure 51 Japan MRI market, by application, 2016 2028
Figure 52 China MRI market, by type, 2016 - 2028
Figure 53 China MRI market, by field strength, 2016 - 2028
Figure 54 China MRI market, by application, 2016 2028
Figure 55 Latin America MRI market, by country, 2016 - 2028 (USD Million)
Figure 56 Latin America MRI market, by type, 2016 - 2028
Figure 57 Latin America MRI market, by field strength, 2016 - 2028
Figure 58 Latin America MRI market, by application, 2016 - 2028
Figure 59 Brazil MRI market, by type, 2016 - 2028
Figure 60 Brazil MRI market, by field strength, 2016 - 2028
Figure 61 Brazil MRI market, by application, 2016 2028
Figure 62 Mexico MRI market, by type, 2016 - 2028
Figure 63 Mexico MRI market, by field strength, 2016 - 2028
Figure 64 Mexico MRI market, by application, 2016 2028
Figure 65 MEA MRI market, by country, 2016 - 2028 (USD Million)
Figure 66 MEA MRI market, by type, 2016 - 2028
Figure 67 MEA MRI market, by field strength, 2016 - 2028
Figure 68 MEA MRI market, by application, 2016 - 2028
Figure 69 South Africa MRI market, by type, 2016 - 2028
Figure 70 South Africa MRI market, by field strength, 2016 - 2028
Figure 71 South Africa MRI market, by application, 2016 2028
Figure 72 Saudi Arabia MRI market, by type, 2016 - 2028
Figure 73 Saudi Arabia MRI market, by field strength, 2016 - 2028
Figure 74 Saudi Arabia MRI market, by application, 2016 2028
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