Magnetic Resonance Imaging Market Value Projected to Expand by 2029
Magnetic resonance imaging (MRI) market is expected to grow at a CAGR 6.5% during. The MRI market has varied and innovative products due to the successful outcome of research and development and patents. The pivotal factors for the modest growth of the MRI market include the adoption of diagnostic devices and hybrid operating rooms across the globe. Technological advancement and innovation boosted the MRI market across the globe. R&D in the MRI market will bring technological advancement for better accuracy and patient care. Rising lifestyle-oriented diseases such as Cancer, CVD, CHD, and other neurological diseases are expected to create a huge demand for MRI products globally. MRI products, diagnosis, and treatment are costly and may affect market growth. However, the rising adoption of diagnostic devices and machines are expected to create a huge demand for the MRI market. APAC region has less adoption and development in MRI Market. However, with the rise in healthcare spending and favorable government policies, the APAC region is expected to create a significant opportunity for the market. The market is segmented on the basis of Application, Architecture, Field Strength and Geography. Global Magnetic Resonance Imaging (MRI) Market by application includes Brain &Neurological MRI, Spine & Musculoskeletal MRI, Vascular MRI, Pelvic & Abdominal MRI, Breast MRI, and Cardiac MRI.
On the basis of geography, the global MRI market has been segmented into North America, Europe, Asia Pacific and Rest of the World. North America generates the highest revenues across the globe due to the huge adoption of an MRI. The major countries contributing to North America MRI market includes the US and Canada. North America has the highest rate of healthcare spending followed by Europe due to a huge number of lifestyle-oriented patients. Untapped APAC region such as China, India, Japan and S. Korea are the most emerging economies due to significant development in the healthcare system. APAC region is expected to create a significant opportunity for MRI market in the future. Improved healthcare spending, infrastructure development, and favorable government policies made the APAC region an emerging economy with significant opportunity for stakeholders.
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MAGNETIC RESONANCE IMAGING (MRI) MARKET SEGMENTATION
BY APPLICATION
- BRAIN AND
NEUROLOGICAL MRI
- SPINE AND
MUSCULOSKELETAL MRI
- VASCULAR MRI
- PELVIC AND
ABDOMINAL MRI
- BREAST MRI
- CARDIAC MRI
BY ARCHITECTURE
- CLOSED MRI SYSTEMS
- OPEN MRI SYSTEMS
- GLOBAL MRI MARKET,
BY FIELD STRENGTH
- LOW TO MILD FIELD
MRI SYSTEMS
- HIGH FIELD MRI
SYSTEMS
- VERY HIGH FIELD
MRI SYSTEMS
- ULTRA HIGH FIELD
MRI SYSTEMS
COMPETITIVE LANDSCAPE
- KEY STRATEGIES
- KEY COMPANY
ANALYSIS
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Regional Analysis
North America
· United
States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of
Europe
Asia-Pacific
· India
· China
· Japan
· South
Korea
· Rest
of APAC
Rest of the World
·
Latin America
·
Middle East and Africa
COMPANY PROFILES
- AGILENT
TECHNOLOGIES, INC.
- AMBER DIAGNOSTICS,
INC.
- AURORA IMAGING
TECHNOLOGY, INC.
- CANON MEDICAL
SYSTEMS CORPORATION
- ESOATE SPA
- EMERGENCE
TELERADIOLOGY LLC
- FONAR CORPORATION
- FUJIFILM HOLDINGS
CORPORATION
- GE HEALTHCARE
- HITACHI MEDICAL
CORPORATION
- HOLOGIC, INC.
- IMRIS INC.
- KONINKLIJKE
PHILIPS N.V.
- MEDTRONIC PLC
- NCD CORPORATION
- NEUSOFT
CORPORATION
- PLANMED OY
- SECTRA AB
- SHARED IMAGING LLC
- SIEMENS HEALTHCARE
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