Magnetic Resonance Imaging (MRI) Systems Market Report by Architecture (Closed System, Open System), Field Strength (Low Field Strength, Mid Field Strength, High Field Strength), Application (Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal, and Others), End Use (Hospitals, Imaging Centers, Ambulatory Surgical Centers, and Others), Technology (MR Angiogram, MR Venogram, Functional MRI, MR Spectroscopy, and Others), and Region 2024-2032
The global magnetic resonance imaging (MRI) systems market size reached US$ 7.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.
Magnetic Resonance Imaging (MRI) refers to a non-invasive imaging technique, which is used to produce three dimensional (3D) images of organs and soft tissues inside the human body. An MRI machine consists of an adjustable bed and a large tube surrounded by a circular magnet through which the machine applies a magnetic field and radio waves on the patient’s body. It produces detailed images and facilitates diagnosis of abnormalities in the brain, bones, breasts, heart, internal organs and spine. The MRI is usually combined with positron emission tomography (PET) and computed tomography (CT) scans to assist the doctors in examining joints, ligaments, cartilage, muscles and tendons, which is useful for detecting various muscular and bone injuries.
Magnetic Resonance Imaging Systems Market Trends:
The increasing prevalence of chronic diseases, along with the rising adoption of diagnostic services across the globe, is one of the key factors driving the growth of the market. MRI enables the early detection of orthopedic, cardiovascular and other conditions, which substantially increases the success rates of the treatment. This has consequently favored the adoption of MRI procedures across the globe. Furthermore, the growing geriatric population, which is more susceptible to such medical conditions, is also contributing to their increased adoption. Various technological advancements in the imaging equipment, such as software upgrades and utilization of super-conducting magnets compatible with cardiac pacemakers, are favoring the market growth. Moreover, innovations such as the introduction of 3D and 4D imaging equipped with accelerated processing speed and automated workflow, coupled with government initiatives to make quality healthcare facilities accessible to all, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global magnetic resonance imaging (MRI) systems market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on architecture, field strength, application, end use and technology.
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
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
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Aspect Imaging, Aurora Imaging Technology, Bruker, Canon Medical Systems, Esaote S.P.A, Fonar Corporation, GE Healthcare, Hitachi, Koninklijke Philips NV, Neusoft Medical Systems, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. and Siemens Healthineers.
Key Questions Answered in This Report
1. How big is the global Magnetic Resonance Imaging (MRI) systems market?
2. What is the expected growth rate of the global Magnetic Resonance Imaging (MRI) systems market during 2024-2032?
3. What are the key factors driving the global Magnetic Resonance Imaging (MRI) systems market?
4. What has been the impact of COVID-19 on the global Magnetic Resonance Imaging (MRI) systems market?
5. What is the breakup of the global Magnetic Resonance Imaging (MRI) systems market based on the architecture?
6. What is the breakup of the global Magnetic Resonance Imaging (MRI) systems market based on the field strength?
7. What is the breakup of the global Magnetic Resonance Imaging (MRI) systems market based on the application?
8. What is the breakup of the global Magnetic Resonance Imaging (MRI) systems market based on the end use?
9. What are the key regions in the global Magnetic Resonance Imaging (MRI) systems market?
10. Who are the key players/companies in the global Magnetic Resonance Imaging (MRI) systems market?
Magnetic Resonance Imaging (MRI) refers to a non-invasive imaging technique, which is used to produce three dimensional (3D) images of organs and soft tissues inside the human body. An MRI machine consists of an adjustable bed and a large tube surrounded by a circular magnet through which the machine applies a magnetic field and radio waves on the patient’s body. It produces detailed images and facilitates diagnosis of abnormalities in the brain, bones, breasts, heart, internal organs and spine. The MRI is usually combined with positron emission tomography (PET) and computed tomography (CT) scans to assist the doctors in examining joints, ligaments, cartilage, muscles and tendons, which is useful for detecting various muscular and bone injuries.
Magnetic Resonance Imaging Systems Market Trends:
The increasing prevalence of chronic diseases, along with the rising adoption of diagnostic services across the globe, is one of the key factors driving the growth of the market. MRI enables the early detection of orthopedic, cardiovascular and other conditions, which substantially increases the success rates of the treatment. This has consequently favored the adoption of MRI procedures across the globe. Furthermore, the growing geriatric population, which is more susceptible to such medical conditions, is also contributing to their increased adoption. Various technological advancements in the imaging equipment, such as software upgrades and utilization of super-conducting magnets compatible with cardiac pacemakers, are favoring the market growth. Moreover, innovations such as the introduction of 3D and 4D imaging equipped with accelerated processing speed and automated workflow, coupled with government initiatives to make quality healthcare facilities accessible to all, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global magnetic resonance imaging (MRI) systems market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on architecture, field strength, application, end use and technology.
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
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
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Aspect Imaging, Aurora Imaging Technology, Bruker, Canon Medical Systems, Esaote S.P.A, Fonar Corporation, GE Healthcare, Hitachi, Koninklijke Philips NV, Neusoft Medical Systems, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. and Siemens Healthineers.
Key Questions Answered in This Report
1. How big is the global Magnetic Resonance Imaging (MRI) systems market?
2. What is the expected growth rate of the global Magnetic Resonance Imaging (MRI) systems market during 2024-2032?
3. What are the key factors driving the global Magnetic Resonance Imaging (MRI) systems market?
4. What has been the impact of COVID-19 on the global Magnetic Resonance Imaging (MRI) systems market?
5. What is the breakup of the global Magnetic Resonance Imaging (MRI) systems market based on the architecture?
6. What is the breakup of the global Magnetic Resonance Imaging (MRI) systems market based on the field strength?
7. What is the breakup of the global Magnetic Resonance Imaging (MRI) systems market based on the application?
8. What is the breakup of the global Magnetic Resonance Imaging (MRI) systems market based on the end use?
9. What are the key regions in the global Magnetic Resonance Imaging (MRI) systems market?
10. Who are the key players/companies in the global Magnetic Resonance Imaging (MRI) systems market?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 MARKET BREAKUP BY ARCHITECTURE
6.1 Closed System
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Open System
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY FIELD STRENGTH
7.1 Low Field Strength
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Mid Field Strength
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 High Field Strength
7.3.1 Market Trends
7.3.2 Market Forecast
8 MARKET BREAKUP BY APPLICATION
8.1 Oncology
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Neurology
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Cardiology
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Gastroenterology
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Musculoskeletal
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 MARKET BREAKUP BY END USE
9.1 Hospitals
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Imaging Centers
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Ambulatory Surgical Centers
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 MARKET BREAKUP BY TECHNOLOGY
10.1 MR Angiogram
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 MR Venogram
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Functional MRI
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 MR Spectroscopy
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Others
10.5.1 Market Trends
10.5.2 Market Forecast
11 MARKET BREAKUP BY REGION
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT ANALYSIS
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 VALUE CHAIN ANALYSIS
14 PORTERS FIVE FORCES ANALYSIS
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 COMPETITIVE LANDSCAPE
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Aspect Imaging
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Aurora Imaging Technology
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Bruker
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4 Canon Medical Systems
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 SWOT Analysis
15.3.5 Esaote S.P.A
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Fonar Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 GE Healthcare
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Hitachi
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Koninklijke Philips NV
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Neusoft Medical Systems
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Siemens Healthineers
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 MARKET BREAKUP BY ARCHITECTURE
6.1 Closed System
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Open System
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY FIELD STRENGTH
7.1 Low Field Strength
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Mid Field Strength
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 High Field Strength
7.3.1 Market Trends
7.3.2 Market Forecast
8 MARKET BREAKUP BY APPLICATION
8.1 Oncology
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Neurology
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Cardiology
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Gastroenterology
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Musculoskeletal
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 MARKET BREAKUP BY END USE
9.1 Hospitals
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Imaging Centers
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Ambulatory Surgical Centers
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 MARKET BREAKUP BY TECHNOLOGY
10.1 MR Angiogram
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 MR Venogram
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Functional MRI
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 MR Spectroscopy
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Others
10.5.1 Market Trends
10.5.2 Market Forecast
11 MARKET BREAKUP BY REGION
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT ANALYSIS
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 VALUE CHAIN ANALYSIS
14 PORTERS FIVE FORCES ANALYSIS
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 COMPETITIVE LANDSCAPE
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Aspect Imaging
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Aurora Imaging Technology
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Bruker
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.4 Canon Medical Systems
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 SWOT Analysis
15.3.5 Esaote S.P.A
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.6 Fonar Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 GE Healthcare
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Hitachi
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Koninklijke Philips NV
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Neusoft Medical Systems
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.11 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Siemens Healthineers
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
