Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets

The global market for MRI systems should grow from $6.2 billion in 2020 to $7.8 billion by 2025 with a compound annual growth rate (CAGR) of 4.8% for the period of 2020-2025.

Report Includes

• 49 tabels
• Detailed overview of the global markets and technologies for medical magnetic resonance imaging (MRI)
• Country specific data and analysis for United States, Canada, Mexico, Germany, U.K., France, China, India, Japan, South Korea, Middle East and Africa
• Analyses of global market trends, with data from 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
• Segmentation of the global MRI systems market by geographical region, end user, type, field strength and application areas
• Information on market dynamics such as drivers, restraints, opportunities, technological advancements and identification of growth inhibiting areas that affect the global market
• Evaluation of current market trends, market size, market forecast, and technological advancements within the industry
• Coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
• Assessment of vendor landscape and corporate-level profiles of key companies operating for MRI devices market, including Siemens Healthcare GMBH, Alltech Medical Systems, Philips Healthcare, Hitachi Medical Corp., and GE Healthcare

The global MRI systems market should reach $7.3 billion by 2023 from $5.6 billion in 2018 at a compound annual growth rate (CAGR) of 5.7% from 2018 to 2023.

Report Includes

• 45 data tables
• Detailed overview of the global markets and technologies for medical magnetic resonance imaging (MRI)
• Country specific data and analysis for United States, Canada, Mexico, Germany, U.K., France, China, India, Japan, South Korea, Middle East and Africa
• Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
• Insight into a detailed market scope for the MRI machines at a global level and various countries
• Segmentation of the global MRI systems market by geographical region, end user, type, field strength and application areas
• Information on market dynamics such as drivers, restraints, opportunities, technological advancements and identification of growth inhibiting areas that affect the global market
• Assessment of vendor landscape and corporate-level profiles of key companies operating in the United States and other key countries for MRI devices market, including Alltech Medical Systems, Aurora Imaging Technology Inc., Canon Medical Systems Corp., Esaote SPA, Fonar Corp., GE Healthcare, Hitachi Medical Corp., Philips Healthcare, and Siemens Healthcare

The global market for MRI systems reached $5.8 billion in 2015. The market should reach nearly $6.1 billion and $8.0 billion in 2016 and 2021 respectively, growing at a compound annual growth rate (CAGR) of 5.7% from 2016 to 2021.

Report Includes

• An overview of the global markets and technologies for medical magnetic resonance imaging (MRI).
• Analyses of market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.
• Descriptions of the trends and developments for each type of MRI technology and how each is meant to satisfy the needs of customers.
• Identification of highly competitive MRI industries and their position in the overall imaging market.
• A look at macro trends that benefit the MRI market, which include:
• A globally aging population.
• Continued global urbanization.
• Prevalence of major diseases such as heart disease, cancer and diabetes.
• Expanding access to health-care products and services, particularly in rural areas and for younger populations.
• Examination of the MRI business in terms of specific companies and their position in the market.
• Profiles of major players in the industy.

The global market for MRI systems was $4.9 billion in 2012. This market is projected to reach $5.4 billion in 2013 and $6.9 billion by 2018, at an estimated compound annual growth rate (CAGR) of 5% from 2013 to 2018.

Report Includes

• Descriptions of the trends and developments for each type of MRI technology and how each is meant to satisfy the needs of customers.
• Analyses of market trends, with data from 2012, estimates for 2013 and projections of compound annual growth rates (CAGRs) through 2018.
• Examination of the MRI business in terms of specific companies and their position in the market.
• Identification of highly competitive MRI industries and their position in the overall imaging market.

• In the U.S., recent reimbursement changes and the economic downturn have called the expanding use of MRI scanning into question. The North American market is worth $2.3 billion in 2010 and is expected to increase at a 4.4% compound annual growth rate (CAGR) to reach $2.9 billion in 2015.
• Europe ranks with the U.S. as one of the most developed MRI markets. Expanding applications in the neurologic, cardiac, and breast MRI areas should drive the EU market. This sector is estimated at $1.2 billion in 2010 and is expected to increase at a 10% compound annual growth rate (CAGR) to reach $1.9 billion in 2015.
• Japan remains an early adopter of newer MRI equipment, making it a prime opportunity for newer 3T equipment. This market is valued at $1 billion in 2010 and should reach $1.3 billion in 2015, a compound annual growth rate (CAGR) of 4.3%.