Pune, India, Jan. 12, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global MRI systems market was remunerated at USD 7.13 billion in 2020 and is expected to rise exponentially during the period 2021-2026.
The document further encompasses the geographical aspect of the marketplace by diving deep into the analysis to enlist the regions likely to retain the maximum revenue share and mentioning the regions expected to witness the fastest growth. Lastly, a detailed overview of competitive framework is entailed, inclusive of business profiles of major players, alongside the latest happening like acquisitions, collaborations, and deals.
Booming geriatric population, growing prevalence of chronic ailments like cardiovascular, neurological, musculoskeletal diseases as well as breast cancer, and widespread awareness about the advantages of early detection & diagnosis are factors augmenting the growth of market.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/4489503/
Furthermore, innovative product launches by leading players, and massive investments in the healthcare infrastructure across the world are aiding the industry expansion as well.
Besides this, technological advancements leading to replacement of low-field MRI systems with high-field MRI-systems, advent of AI-based MRI procedures, and adoption of universal health coverage are likely to generate lucrative opportunities for businesses in this line of work in the forthcoming years.
Segmental analysis:
Based on the field strength ambit, the 1.5T - 3T segment of worldwide MRI systems industry garnered the maximum share in the year 2020 and is anticipated to amass robust revenues during the projected timeline, owing to the extensive usage of these scanners in MRI diagnosis. Additionally, the more than 3T segment is predicted to rise in popularity through 2026, due to the major improvements in the imaging quality of such devices as compared to the scanners.
Speaking of architecture, the industry is classified into open MRI systems, and closed MRI systems. Moving on to application scope, the marketplace is divided into cardiology, musculoskeletal, neurology, and others.
Regional analysis:
As per expert researchers, North America region is poised to accumulate the maximum revenue share over the course of the analysis period. In the same line, Europe and Asia Pacific are poised to contribute significantly towards the overall growth and valuation of the market over 2021-2026.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
Competitive dashboard:
The competitive landscape of global MRI systems market is defined by companies such as Siemens Healthineers AG, MR Solutions Ltd., Canon Medical Systems Corporation, Time Medical Systems, Koninklijke Philips N.V., Esaote SpA, General Electric Company, Shenzhen Anke High-tech Co. Ltd., Hitachi Ltd., and Fonar Corporation among others.
Global MRI Systems Market, By Architecture (Revenue, USD Million, 2016-2026)
- Open MRI Systems
- Closed MRI Systems
Global MRI System Market, By Field Strength (Revenue, USD Million, 2016-2026)
- Less than 1.5T
- 1.5T - 3T
- More than 3T
Global MRI Systems Market, By Application (Revenue, USD Million, 2016-2026)
- Neurology
- Cardiology
- Musculoskeletal
- Others
Global MRI Systems Market, Regional Analysis (Revenue, USD Million, 2016-2026)
Europe
- France
- Germany
- United Kingdom
- Italy
North America
- Canada
- United States
Asia Pacific
- India
- Australia
- Japan
- China
Global MRI Systems Market, Competitive Dashboard (Revenue, USD Million, 2016-2026)
- Siemens Healthineers AG
- MR Solutions Ltd.
- Canon Medical Systems Corporation
- Time Medical Systems
- Koninklijke Philips N.V.
- Esaote SpA
- General Electric Company
- Shenzhen Anke High-tech Co. Ltd.
- Hitachi Ltd.
- Fonar Corporation
Table of Content:
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. MRI Systems Market: Product Overview
4. Global MRI Systems Market: An Analysis
4.1 Market Size, By Value, 2016-2026
4.2 Impact of COVID-19 on MRI Systems Market
4.3 Global MRI Systems Market: Growth & Forecast
5. Global MRI Systems Market Segmentation, By Architecture (Value)
5.1 Competitive Scenario of Global MRI Systems Market: By Architecture
5.2 Global MRI Systems Market: Segment Analysis
5.3 By Closed MRI Systems- Market Size and Forecast (2016-2026)
5.4 By Open MRI Systems- Market Size and Forecast (2016-2026)
6. Global MRI Systems Market Segmentation, By Field Strength (Value)
6.1 Competitive Scenario of Global MRI Systems Market: By Field Strength (2020 & 2026)
6.2 Global MRI Systems Market: Segment Analysis
6.3 By Less than 1.5T- Market Size and Forecast (2016-2026)
6.4 By 1.5T - 3T- Market Size and Forecast (2016-2026)
6.5 By More than 3T- Market Size and Forecast (2016-2026)
7. Global MRI Systems Market Segmentation, By Application (Value)
7.1 Competitive Scenario of Global MRI Systems Market: By Application (2020 & 2026)
7.2 Global MRI Systems Market: Segment Analysis
7.3 By Neurology- Market Size and Forecast (2016-2026)
7.4 By Musculoskeletal- Market Size and Forecast (2016-2026)
7.5 By Cardiology- Market Size and Forecast (2016-2026)
8. Global MRI Systems Market: Regional Analysis
8.1 Competitive Scenario of Global MRI Systems Market: By Region (2020 & 2026)
9. North America MRI Systems Market: An Analysis (2016-2026)
9.1 North America MRI Systems Market: Size and Forecast (2016-2026), By Value
9.2 North America MRI Systems Market - Prominent Companies
9.3 Market Segmentation By Architecture (Closed MRI Systems and Open MRI Systems)
9.4 Market Segmentation By Field Strength (Less than 1.5T, 1.5T - 3T and More than 3T)
9.5 Market Segmentation By Application (Neurology, Musculoskeletal, Cardiology and Others)
10. Europe MRI Systems Market: An Analysis (2016-2026)
10.1 Europe MRI Systems Market: Size and Forecast (2016-2026), By Value
10.2 Europe MRI Systems Market: Prominent Companies
10.3 Market Segmentation By Architecture (Closed MRI Systems and Open MRI Systems)
10.4 Market Segmentation By Field Strength (Less than 1.5T, 1.5T - 3T and More than 3T)
10.5 Market Segmentation By Application (Neurology, Musculoskeletal, Cardiology and Others)
11. Asia Pacific MRI Systems Market: An Analysis (2016-2026)
11.1 Asia Pacific MRI Systems Market by value: Size and Forecast (2016-2026)
11.2 Asia Pacific MRI Systems Market: Prominent Companies
11.3 Market Segmentation By Architecture (Closed MRI Systems and Open MRI Systems)
11.4 Market Segmentation By Field Strength (Less than 1.5T, 1.5T - 3T, More than 3T)
11.5 Market Segmentation By Application (Neurology, Musculoskeletal, Cardiology and Others)
12. Global MRI Systems Market Dynamics
12.1 Global MRI Systems Market Drivers
12.2 Global MRI Systems Market Restraints
12.3 Global MRI Systems Market Trends
13. Market Attractiveness and Strategic Analysis
13.1 Market Attractiveness Chart of Global MRI Systems Market - By Architecture (Year 2026)
13.2 Market Attractiveness Chart of Global MRI Systems Market - By Field Strength (Year 2026)
13.3 Market Attractiveness Chart of Global MRI Systems Market - By Application (Year 2026)
13.4 Market Attractiveness Chart of Global MRI Systems Market - By Region (Year 2026)
14. Competitive Landscape
Related Report:
Medical Imaging Market, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2027
The medical imaging market is set to grow at an exponential rate by 2027 primarily on account of growing health concerns among people around the world. Moreover, technological advancements in the field of medical imaging are projected to support market expansion through the forecast period. Emphasis on health concerns affecting the geriatric population and the burden of chronic diseases, such as cancer, diabetes, arthritis, and cardiac diseases, have amplified after the onset of the COVID-19 pandemic. As a result, there is a surge in the demand for medical diagnosis globally, which has augmented product adoption. The medical imaging market from the MRI product segment is anticipated to grow at a CAGR of approximately 5.5% through the analysis period to reach a sizable valuation by the end of 2027. Prevalent application of MRI systems in brain, spinal cord, and internal ligament imaging is likely to support segmental growth in the coming years.
Magnetic Resonance Imaging Systems Market Size, Application Potential, Competitive Market Share & Forecast, 2019 – 2025
Magnetic Resonance Imaging (MRI) Systems Market will exceed USD 8 billion by 2025; as per a new research report. Increasing prevalence of chronic diseases will positively influence the magnetic resonance market growth. According to National Health Council, every year 40 million Americans suffer from at least one chronic condition. Diseases such as cancer and diabetes create complications as well as hindrance in daily activities. Therefore, to avoid this scenario, people prefer getting diagnosed at early stages that will raise the demand for MRI systems thereby, fostering the industry growth. Growing number of road accidents will elevate the demand for MRI systems for accurate diagnosis stimulating the industry growth. Number of accident cases is specifically high in emerging economies such as India and Africa. According to wheels24, in 2017 around 14,050 people died due to road accidents in South Africa alone. Globally millions of people die due to accidents and trauma. This scenario proves beneficial for the magnetic resonance imaging market growth as it the demand for accurate diagnosis. However, high cost of MRI systems will restrain the industry growth to certain extent.
About US:
Market Study Report is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, is the platform that can help you in achieving any of these objectives.
