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Global Magnetic Resonance Imaging (MRI) Market Size study & Forecast, by Architecture (Closed MRI Systems, Open MRI Systems), by Field Strength (Low Field MRI Systems, High Field MRI Systems, Very High Field MRI Systems and Ultra-high MRI Systems), by Application (Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal, Other Applications) and Regional Analysis, 2022-2029

December 2022 | 200 pages | ID: GABD430D6C8DEN
Bizwit Research & Consulting LLP

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Global Magnetic Resonance Imaging (MRI) Market is valued at approximately USD 7.65 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.9% over the forecast period 2022-2029. Magnetic Resonance Imaging (MRI) is important healthcare machine for identifying diseases related to spine lesions, tumors, and strokes impacting the area of vascular system and the brain. The market is growing due to the rising number of diseases. For instance, the International Agency for Research on Cancer estimates that there were 19,292,789 new cancer cases worldwide in 2020. Additionally, the adoption of MRI machines is anticipated to be aided by the growing need for fast and accurate diagnostic treatments. These MRI machines are being installed in several countries. According to the OECD, there were 34.54 MRI units installed in the United States per million population in 2020. Also, rising geriatric population will create lucrative demand for the market during forecast period.

According to World Health Organization, the number of people aged 60 and older will rise from 1 billion in 2020 to 1.4 billion in 2021. The number of persons in the world who are 60 years or older will double by 2050. (2.1 billion). Between 2020 and 2050, the number of people aged 80 or older is projected to triple, reaching 426 million. As a result, the rise in geriatric population would create lucrative demand for the market. Also, hybrid MRI systems would create lucrative opportunities for the market during forecast period. However, the high cost of Magnetic Resonance Imaging (MRI) stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Magnetic Resonance Imaging (MRI) Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the growing incidence of chronic diseases in this region, which includes cardiovascular disorders, breast cancer, and neurological diseases creating a demand for imaging analysis. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric population and rising demand for advanced imaging modalities which would create lucrative growth prospects for the global Magnetic Resonance Imaging (MRI) Market across the Asia Pacific region.

Major market players included in this report are:
Barco N.V.
General Electric Company (GE Healthcare)
Hitachi, Ltd. (Hitachi Medical Corporation)
Hologic Inc.
Koninklijke Philips N.V.
Nordion Inc.
Onex Corporation (Carestream Health)
Shimadzu Corporation
Siemens AG (Siemens Healthcare)
Toshiba Corporation (Toshiba Medical Systems Corporation)

Recent Developments in the Market:
At the 2021 Radiological Society of North America, Fujifilm Healthcare Americas Corporation announced Velocity MRI System, a cutting-edge, high-field open MRI system (RSNA). The Velocity MRI system is Fujifilm's most current MRI scanner, and with its recreating gantry, built-in radiofrequency (RF) coils, and reconstruction technologies, it is designed to enhance patient experience and streamline workflow.
In 2021, Hitachi announced the launch of two new permanent open MRI systems at the start of the 2021 European Congress of Radiology. High-speed tests with motion-free images, simple setup and use for quick image return, and an open design that optimizes patient comfort are all features of the APERTO Lucent Plus Open MRI.

Global Magnetic Resonance Imaging (MRI) Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Architecture, Field Strength, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Architecture offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Architecture:
Closed MRI Systems
Open MRI Systems

By Field Strength:
Low Field MRI Systems
High Field MRI Systems
Very High Field MRI Systems
Ultra-high MRI Systems

By Application:
Oncology
Neurology
Cardiology
Gastroenterology
Musculoskeletal
Other Applications

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
ROLA
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Magnetic Resonance Imaging (MRI) Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Magnetic Resonance Imaging (MRI) Market, by Architecture, 2019-2029 (USD Billion)
  1.2.3. Magnetic Resonance Imaging (MRI) Market, by Field Strength, 2019-2029 (USD Billion)
  1.2.4. Magnetic Resonance Imaging (MRI) Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL MAGNETIC RESONANCE IMAGING (MRI) MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL MAGNETIC RESONANCE IMAGING (MRI) MARKET DYNAMICS

3.1. Magnetic Resonance Imaging (MRI) Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Rising Number of Diseases
    3.1.1.2. Growing Adoption of MRI Machines
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Magnetic Resonance Imaging (MRI)
  3.1.3. Market Opportunities
    3.1.3.1. Hybrid MRI Systems

CHAPTER 4. GLOBAL MAGNETIC RESONANCE IMAGING (MRI) MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY ARCHITECTURE

6.1. Market Snapshot
6.2. Global Magnetic Resonance Imaging (MRI) Market by Architecture, Performance - Potential Analysis
6.3. Global Magnetic Resonance Imaging (MRI) Market Estimates & Forecasts by Architecture 2019-2029 (USD Billion)
6.4. Magnetic Resonance Imaging (MRI) Market, Sub Segment Analysis
  6.4.1. Closed MRI Systems
  6.4.2. Open MRI Systems

CHAPTER 7. GLOBAL MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY FIELD STRENGTH

7.1. Market Snapshot
7.2. Global Magnetic Resonance Imaging (MRI) Market by Field Strength, Performance - Potential Analysis
7.3. Global Magnetic Resonance Imaging (MRI) Market Estimates & Forecasts by Field Strength 2019-2029 (USD Billion)
7.4. Magnetic Resonance Imaging (MRI) Market, Sub Segment Analysis
  7.4.1. Low Field MRI Systems
  7.4.2. High Field MRI Systems
  7.4.3. Very High Field MRI Systems
  7.4.4. Ultra-high MRI Systems

CHAPTER 8. GLOBAL MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY APPLICATION

8.1. Market Snapshot
8.2. Global Magnetic Resonance Imaging (MRI) Market by Application, Performance - Potential Analysis
8.3. Global Magnetic Resonance Imaging (MRI) Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Magnetic Resonance Imaging (MRI) Market, Sub Segment Analysis
  8.4.1. Oncology
  8.4.2. Neurology
  8.4.3. Cardiology
  8.4.4. Gastroenterology
  8.4.5. Musculoskeletal
  8.4.6. Other Applications

CHAPTER 9. GLOBAL MAGNETIC RESONANCE IMAGING (MRI) MARKET, REGIONAL ANALYSIS

9.1. Magnetic Resonance Imaging (MRI) Market, Regional Market Snapshot
9.2. North America Magnetic Resonance Imaging (MRI) Market
  9.2.1. U.S. Magnetic Resonance Imaging (MRI) Market
    9.2.1.1. Architecture breakdown estimates & forecasts, 2019-2029
    9.2.1.2. Field Strength breakdown estimates & forecasts, 2019-2029
    9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
  9.2.2. Canada Magnetic Resonance Imaging (MRI) Market
9.3. Europe Magnetic Resonance Imaging (MRI) Market Snapshot
  9.3.1. U.K. Magnetic Resonance Imaging (MRI) Market
  9.3.2. Germany Magnetic Resonance Imaging (MRI) Market
  9.3.3. France Magnetic Resonance Imaging (MRI) Market
  9.3.4. Spain Magnetic Resonance Imaging (MRI) Market
  9.3.5. Italy Magnetic Resonance Imaging (MRI) Market
  9.3.6. Rest of Europe Magnetic Resonance Imaging (MRI) Market
9.4. Asia-Pacific Magnetic Resonance Imaging (MRI) Market Snapshot
  9.4.1. China Magnetic Resonance Imaging (MRI) Market
  9.4.2. India Magnetic Resonance Imaging (MRI) Market
  9.4.3. Japan Magnetic Resonance Imaging (MRI) Market
  9.4.4. Australia Magnetic Resonance Imaging (MRI) Market
  9.4.5. South Korea Magnetic Resonance Imaging (MRI) Market
  9.4.6. Rest of Asia Pacific Magnetic Resonance Imaging (MRI) Market
9.5. Latin America Magnetic Resonance Imaging (MRI) Market Snapshot
  9.5.1. Brazil Magnetic Resonance Imaging (MRI) Market
  9.5.2. Mexico Magnetic Resonance Imaging (MRI) Market
  9.5.3. Rest of Latin America Magnetic Resonance Imaging (MRI) Market
9.6. Rest of The World Magnetic Resonance Imaging (MRI) Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. Barco N.V.
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. General Electric Company (GE Healthcare)
  10.2.3. Hitachi, Ltd. (Hitachi Medical Corporation)
  10.2.4. Hologic Inc.
  10.2.5. Koninklijke Philips N.V.
  10.2.6. Nordion Inc.
  10.2.7. Onex Corporation (Carestream Health)
  10.2.8. Shimadzu Corporation
  10.2.9. Siemens AG (Siemens Healthcare)
  10.2.10. Toshiba Corporation (Toshiba Medical Systems Corporation)

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Magnetic Resonance Imaging (MRI) Market, report scope
TABLE 2. Global Magnetic Resonance Imaging (MRI) Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Magnetic Resonance Imaging (MRI) Market estimates & forecasts by Architecture 2019-2029 (USD Billion)
TABLE 4. Global Magnetic Resonance Imaging (MRI) Market estimates & forecasts by Field Strength 2019-2029 (USD Billion)
TABLE 5. Global Magnetic Resonance Imaging (MRI) Market estimates & forecasts by Application 2019-2029 (USD Billion)
TABLE 6. Global Magnetic Resonance Imaging (MRI) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Magnetic Resonance Imaging (MRI) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Magnetic Resonance Imaging (MRI) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Magnetic Resonance Imaging (MRI) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Magnetic Resonance Imaging (MRI) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Magnetic Resonance Imaging (MRI) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Magnetic Resonance Imaging (MRI) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Magnetic Resonance Imaging (MRI) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Magnetic Resonance Imaging (MRI) Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Magnetic Resonance Imaging (MRI) Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Magnetic Resonance Imaging (MRI) Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Magnetic Resonance Imaging (MRI) Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Magnetic Resonance Imaging (MRI) Market
TABLE 71. List of primary sources, used in the study of global Magnetic Resonance Imaging (MRI) Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Magnetic Resonance Imaging (MRI) Market, research methodology
FIG 2. Global Magnetic Resonance Imaging (MRI) Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Magnetic Resonance Imaging (MRI) Market, key trends 2021
FIG 5. Global Magnetic Resonance Imaging (MRI) Market, growth prospects 2022-2029
FIG 6. Global Magnetic Resonance Imaging (MRI) Market, porters 5 force model
FIG 7. Global Magnetic Resonance Imaging (MRI) Market, pest analysis
FIG 8. Global Magnetic Resonance Imaging (MRI) Market, value chain analysis
FIG 9. Global Magnetic Resonance Imaging (MRI) Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Magnetic Resonance Imaging (MRI) Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Magnetic Resonance Imaging (MRI) Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Magnetic Resonance Imaging (MRI) Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Magnetic Resonance Imaging (MRI) Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Magnetic Resonance Imaging (MRI) Market, regional snapshot 2019 & 2029
FIG 15. North America Magnetic Resonance Imaging (MRI) Market 2019 & 2029 (USD Billion)
FIG 16. Europe Magnetic Resonance Imaging (MRI) Market 2019 & 2029 (USD Billion)
FIG 17. Asia Pacific Magnetic Resonance Imaging (MRI) Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Magnetic Resonance Imaging (MRI) Market 2019 & 2029 (USD Billion)
FIG 19. Global Magnetic Resonance Imaging (MRI) Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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