Magnetic Resonance Imaging (MRI) Systems Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033

Magnetic Resonance Imaging (MRI) Systems Market Report Overview

The magnetic resonance imaging (MRI) systems market size was valued at $4.91 billion in 2022. MRI Systems is a non-invasive diagnostic imaging system that utilizes strong magnetic fields. It aids in the detection & diagnosis of various conditions and in the assessment of the patient’s progress. MRI is useful for examinations of soft tissues & nervous system. MRI can be performed on any part of the body. MRI is very useful in detecting the presence of cancer, in treatment planning (by surgical method or radiation therapy), and in treatment monitoring.

Magnetic Resonance Imaging (MRI) Systems Market Outlook 2022-2033 ($ Billion)

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The magnetic resonance imaging (MRI) systems market research report is built to visualize quantitative market trends within diagnostic imaging therapeutic areas. Furthermore, the model discusses in detail the impact of COVID-19 on the magnetic resonance imaging (MRI) systems market for the year 2020 and beyond.

Magnetic Resonance Imaging (MRI) Systems Market Dynamics

The market for MRI Systems is driven by factors such as increase in aging populations, technical advancements in the field of healthcare, growth in the population suffering from cancer, rising awareness regarding the importance of early diagnosis of disease which helps in early treatment. The advancements such as introduction of 7T MRI technology also play a major part in the growth of the market, and its slow progression towards higher Tesla install bases. Added advantages which stimulate market growth include funded projects for improvement of technologies for MRI in pediatric care.

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Magnetic resonance imaging (MRI) Systems Market Segments

The key segments in the magnetic resonance imaging (MRI) systems market are 0.2T-1.2T MRI Systems, 1.5T MRI Systems, and 3T MRI Systems. In 2022, the 1.5T MRI Systems segment dominated the market share.

Magnetic Resonance Imaging (MRI) Systems Market Analysis by Segments, 2022 (%)

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Magnetic Resonance Imaging (MRI) Systems Market Segmentation by Regions

The key regions in the Magnetic resonance imaging (MRI) systems market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2022, Asia-Pacific emerged as the leading regional segment with Japan being the largest contributor to the regional market.

Growth in the Asia Pacific region is proeplled due to the growing aging population and people having better access to surgical treatments. The market for MRI Systems is experiencing quick growth in this region due to the increasing trends seen in healthcare infrastructure. The market for 1.5T MRI Systems is higher when compared to that of the market for 3T MRI Systems.

Magnetic Resonance Imaging (MRI) Systems Market Analysis by Regions, 2022 (%)

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Magnetic Resonance Imaging (MRI) Systems Market – Competitive Landscape

The key companies in the Magnetic resonance imaging (MRI) systems market are GE Healthcare, Siemens Healthineers AG, Philips Healthcare, Canon Medical Systems Corp, and China Resources Wandong Medical Equipment Co Ltd among others. In 2022, Siemens Healthineers AG accounted for the highest magnetic resonance imaging (MRI) systems market share and value.

Magnetic Resonance Imaging (MRI) Systems Market Analysis by Companies, 2022 (%)

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Segments Covered in this Report.

Magnetic Resonance Imaging (MRI) systems Segment Outlook ($ Million, 2015-2033)

• 2T-1.2T MRI Systems
• 5T MRI Systems
• 3T MRI Systems

Magnetic Resonance Imaging (MRI) systems Regional Outlook ($ Million, 2015-2033)

• Asia-Pacific
• Europe
• Middle East and Africa
• North America
• South and Central America

Key Inclusions of the market model are –

Currently marketed Magnetic resonance imaging (MRI) systems market and evolving competitive landscape –

• Insightful review of the key industry trends.
• Annualized total Magnetic resonance imaging (MRI) systems market revenue by segment and market outlooks from 2015-2033.
• Market-level data on units, average selling prices, and market values.

Global, Regional and Country level market specific insights –

• Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• SWOT analysis for the Magnetic resonance imaging (MRI) systems market.
• Competitive dynamics insights and trends provided for the Magnetic resonance imaging (MRI) systems market.

Drive the understanding of the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.

• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.

Companies covered: GE Healthcare, Siemens Healthineers AG, Philips Healthcare, Canon Medical Systems Corp, China Resources Wandong Medical Equipment Co Ltd, and Others.

Countries covered – United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.

Scope

This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for

• CMO executives who must have a deep understanding of the Magnetic resonance imaging (MRI) systems marketplace to make strategic planning and investment decisions.
• Sourcing and procurement executives must understand crucial components of the supply base in order to make decisions about supplier selection and management.
• Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.

Reasons to Buy

The model will enable you to –

• Understand the impact of COVID-19 on Magnetic resonance imaging (MRI) systems.
• Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving Magnetic resonance imaging (MRI) systems.
• Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Magnetic resonance imaging (MRI) systems market in the future.
• Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
• Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
• Track device sales in the global and country-specific Magnetic resonance imaging (MRI) systems market from 2015-2033.
• Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.