Magnetic Resonance Imaging (MRI) Devices Market: SWOT Analysis, Key Players, Industry Trends and Regional Outlook

The top-notch Magnetic Resonance Imaging (MRI) Devices Market study has been created to offer a thorough examination of the market structure as well as projections for the various market segments and sub-segments. The purpose of this market study is to provide a thorough analysis of the market structure as well as a forecast for the various market segments and sub-segments. Consumer needs in the global market have been analyzed by key regions, product categories, and application areas while taking the industry's past, present, and future into account. The market type, organization size, on-premises availability, and end-users' organization type are taken into consideration when creating the compelling Magnetic Resonance Imaging (MRI) Devices Market Analysis report.

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Data Bridge Market Research analyses that the magnetic resonance imaging (MRI) devices market, which was USD 7.24 billion in 2021, would rocket up to USD 11.46 billion by 2029 and is expected to undergo a CAGR of 5.91% during the forecast period of 2022 to 2029.

Market Definition

Magnetic resonance imaging is imaging expertise in the medical field that generates inclusive pictures of the tissues and organs in the body through computer-generated radio waves and a magnetic field. Magnetic resonance imaging machines also captivities 3D images that can be observed from various angles. It is a non-invasive technique by which medical professionals study tissues, organs, and the skeletal system.

Drivers

Continuous advancement in Magnetic Resonance Imagingtechnologies

The rising aging population, novelty of new helium deposits, the growing desire for high-field magnetic resonance imaging system over low-field magnetic resonance imaging system, increasing occurrence of chronic diseases drives the market growth.

Presence of universal health coverage

In major countries worldwide, it decreases the cost of numerous procedures, including magnetic resonance imaging. It encourages people to take tests or treatment at regular intervals, which is expected to impact the studied market's growth significantly.

Recent Development

At the 2021 Radiological Society of North America, Fujifilm Healthcare Americas Corporation unveiled the Velocity magnetic resonance imaging system, an innovative, high-field open magnetic resonance imaging system (RSNA). With its innovative open gantry, integrated radiofrequency (RF) coils, and reconstruction technologies, Fujifilm's Velocity magnetic resonance imaging system is designed to streamline workflow and improve the patient experience.
At the commencement of the 2021 European Congress of Radiology in March 2021, Hitachi unveiled two new permanent open magnetic resonance imaging systems. The APERTO Lucent Plus Open magnetic resonance imaging offers high-speed tests with motion-free pictures, as well as simple setup and operation for quick image return and an open design that enhances patient comfort.

Global Magnetic Resonance Imaging Devices (MRI) Market Scope

The magnetic resonance imaging (MRI) devices market is segmented on the basis of type, price range, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Conventional
Bio-based

On the basis of type, the magnetic resonance imaging (MRI) market is segmented into conventional and bio-based.

Process

Trans Esterification
Direct Esterification

On the basis of process, the magnetic resonance imaging (MRI) market is segmented into trans-esterification and direct esterification.

Field Strength

High-Field Magnetic Resonance Imaging (MRI) Systems (1.5t to 3t)
Low-To-Mid-Field Magnetic Resonance Imaging (MRI) Systems (1.5t)
Very-High-Field Magnetic Resonance Imaging (MRI) Systems (4t and Above)

On the basis of field strength, the magnetic resonance imaging (MRI) market is segmented into high-field magnetic resonance imaging (MRI) Systems (1.5t to 3t), low-to-mid-field magnetic resonance imaging (MRI) Systems (1.5t) and very-high-field magnetic resonance imaging (MRI) Systems (4t and Above).

Architecture

Closed Magnetic Resonance Imaging (MRI) Systems
Standard Bore Magnetic Resonance Imaging (MRI)
Wide-Bore Magnetic Resonance Imaging (MRI)
Open Magnetic Resonance Imaging (MRI) Systems

On the basis of architecture, the magnetic resonance imaging (MRI) market is segmented into closed magnetic resonance imaging (MRI) systems, standard bore magnetic resonance imaging (MRI), wide-bore magnetic resonance imaging (MRI) and open magnetic resonance imaging (MRI) systems. The closed magnetic resonance imaging (MRI) systems will account for the largest market share as it offers higher and powerful image quality and throughput.

Application

Oncology
Neurology
Cardiology
Gastroenterology
Musculoskeletal
Other Applications

On the basis of application, the magnetic resonance imaging (MRI) market is bifurcated into oncology, neurology, cardiology, gastroenterology, musculoskeletal and other applications.

End-Users

Hospitals
Imaging Centers
Ambulatory Surgical Centers
Others

On the basis of end-users, the magnetic resonance imaging (MRI) market is bifurcated into hospitals, imaging centers, ambulatory surgical centers and others.

Some of the major players operating in the magnetic resonance imaging (MRI) devices market are:

Siemens (Germany)
General Electric Company (U.S.)
Koninklijke Philips N.V., (Netherlands)
Hitachi Ltd., (Japan)
CANON MEDICAL SYSTEMS CORPORATION (Japan)
Sanrad Medical Systems Private Limited (India)
ESAOTE SPA (Italy)
Aspect Imaging Ltd. (Israel)
FONAR Corp., (U.S.)
Shenzhen Anke High-tech Co., Ltd., (China)
Neusoft Corporation (China)
AURORA HEALTHCARE US CORP (U.S.)
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size Forecast by different segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Magnetic Resonance Imaging (MRI) Devices MarketSegmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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