MRI Market Scope
The report presents the latest trends in the MRI Market and offers insights into future demand, supply, sales, and recent changes. Along with the existing competitive environment and growth prospects, it focuses on the major forces that are influencing industry participants and their constraints. The report’s most recent market statistics, forecasts, size, and rising trends allow readers to pinpoint the goods and clientele that are responsible for revenue growth and profitability. It includes company profiles, product specifications, production capacity/sales, revenue, price, and gross margin & sales by product in the global MRI market research report. The research also offers market size, growth rate, country-level data, and analysis of demand and supply factors influencing global MRI market growth in different countries.
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MRI Market Overview
Maximize Market Research delves deeply into the MRI Market, focusing on each segment and taking into account global and regional trends. The report comprehensively addresses the drivers and major barriers to establish a balanced MRI market environment. The MRI market is segmented into various categories, including products, applications, vendors, and geographies, to provide readers with a comprehensive overview of the industry. The research also incorporates industry statistics that illustrate the long-term prospects of the MRI market.
key insights :
MRI Market was worth US$ 5.94 Bn in 2022 and total revenue is expected to grow at a rate of 6% CAGR from 2023 to 2029, reaching almost US$ 8.94 Bn in 2029.
MRI Market Segmentation
by Application
Spine and musculoskeletal MRI
Brain and neurological MRI
Vascular MRI
Pelvic and Abdominal MRI
Breast MRI
Cardiac MRI
The market is further divided based on application into vascular MRI, breast MRI, cardiac MRI, brain and neurological MRI, pelvic and abdominal MRI, spine and musculoskeletal MRI, and vascular MRI. The market was dominated by MRI systems, which had the largest market share of 24.2% in 2022 thanks to their superior scan quality compared to computerised tomography scans. Similar to this, it is anticipated that the market for breast imaging would grow rapidly as the incidence of breast cancer rises, increasing the need for identifying risk factors for the disease. As a result, MRI techniques help in the providing of quantitative information regarding cancer by identifying the biological and physical properties of tissue.
by Architecture
Open MRI Systems
Closed MRI Systems
Standard Bore
Wide Bore
The market is divided into Open MRI Systems, Closed MRI Systems, Standard Bore, and Wide Bore based on architecture. With a 75.8% market share in 2021, the closed MRI system category dominated the market. The closed MRI system uses powerful magnetic fields and high-frequency radio waves to produce detailed images. Accurate slice selection and analysis are made possible by the closed structure. Patients in closed MRIs may experience claustrophobia and discomfort due to the intense noise. The outcomes can be inaccurate as a result of these problems. Some market companies are focusing their efforts on creating open and broad bore MRI systems that are appropriate for large and claustrophobic patients. Some makers of paediatric MRI machines even print cartoons and artwork on their products to help children.
by Field Strength
Low-to-mid Field
High-field
1.5T
3T
Very-high Field
The market is divided into Low-to-mid Field, High-field, 1.5T, 3T, and Very-high Field strength categories based on field strength. With a 35.5% market share in 2022, the low to mid field was in the lead and is predicted to expand significantly throughout the projection period. These inexpensive, easily available field strength MRI scanners help acquire pictures with greater accuracy. The field strength of low-field MRI machines is less than 1.5T, that of mid-field MRI machines is between 1.5T and 3T, and that of high-field MRI machines is greater than 3T. During the projected period, the low field segment is predicted to increase the least. Due to the introduction of midfield and highfield machines in place of low field strength machines.
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Regional Analysis
The MRI market is classified into five regions, namely Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. The Global MRI Market report provides a comprehensive analysis of the major geographies within the market, along with significant segments and sub-segments. The report discusses the current state of regional development in terms of market size, share, and volume. In addition, the global MRI market study incorporates data on numbers, regions, and revenues, along with an in-depth analysis of the business chain structure, opportunities, and industry news.
MRI Market Key Players
1. Siemens Healthineers
2. GE Healthcare
3. Phillips
4. Hitachi
5. Canon Medical Systems
6. Koninklijke Philips N.V.
7. Aurora Imaging Technologies Inc.
8. General Electric Company
9. Esaote SpA
10.Toshiba Corporation.
11.Aspect Imaging
12.Bruker
13.Fonar
14.Neusoft Medical Systems
15.Shenzhen Mindray Bio-Medical Electronics
16.Xingaoyi
17.Aurora Imaging Technology
18.Sanrad Medical Systems Pvt. Ltd.
19.Mindray Medical International Limited
20.Hologic, Inc.
21.Nordion Inc.
Table Of Content :
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global MRI Market Size, by Market Value (US$ Bn) Market Overview
3.1. Introduction
3.2. Market Indicator
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. Porter’s Analysis
3.4. Value Chain Analysis
3.5. Market Risk Analysis
3.6. SWOT Analysis
3.7. Global MRI Market Industry Trends and Emerging Technologies
4. Supply Side and Demand Side Indicators
Key Questions answered in the MRI Market Report are:
- What is the market’s competitive environment?
- Which region dominated the MRI Market in terms of market share?
- What are the opportunities for the MRI Market?
- What variables are influencing the market’s expansion?
- Who are the key players of the MRI market?
- Which company held the largest share in the MRI market?
- What will be the CAGR of the MRI market during the forecast period?
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Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market segmentation: MRI thorough study
- Environment: Prominent important players and other leading essential players.
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