The global MRI market,was valued at USD 6.30 Bn in 2023 and is expected to reach USD 9.47 Bn by 2030, at a CAGR of 6 % during the forecast period.
Market Overview:
This study aims to comprehensively analyze the MRI market based on its components, applications, industries, and geographical regions. Detailed insights into the primary growth drivers influencing the MRI market are provided, along with an extensive analysis of its value chain.
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Market Scope:
The research methodology employed to evaluate and forecast the MRI market involves initial secondary research using sources that gather revenue data from key suppliers. Vendor offerings are also taken into account during market segmentation. The total size of the MRI market is determined using a bottom-up approach, considering the revenues of major enterprises.
Drivers:
The rising prevalence of chronic diseases, such as cardiovascular diseases, cancer, and neurological disorders, has been a major driver of the MRI market. MRI’s ability to provide detailed anatomical and functional information without exposing patients to ionizing radiation makes it a preferred imaging modality for diagnosing and monitoring these conditions.
Segmentation:
by Technology Closed
MRI Systems
Open MRI Systems
Wide-bore MRI Systems
by Field
Strength Low-field MRI (Less than 1.0 Tesla)
Mid-field MRI (1.0 Tesla to 3.0 Tesla)
High-field MRI (Greater than 3.0 Tesla)
by Application
Neurology
Orthopedics
Cardiology
Oncology
Imaging
Pediatrics
by End-User
Hospitals
Diagnostic Imaging Centers
Research Institutions
Ambulatory Surgical Centers
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Key Players:
North America:
1. GE Healthcare (United States)
1. Siemens Healthineers AG (United States)
2. Philips Healthcare (United States)
3. Canon Medical Systems Corporation (United States)
4. Hitachi Medical Corporation (United States)
5. Smart Scan Medical Imaging, LLC (Florida)
Europe:
6. Aspect Imaging (Israel)
7. DMS Group (Brazil)
8. Esaote SpA (Italy)
9. Bracco Imaging S.p.A. (Italy)
Asia-Pacific:
10. Neusoft Medical Systems Co., Ltd. (China)
11. United Imaging Healthcare Co., Ltd. (China)
12. Mindray Medical International Limited (China)
13. Hologic, Inc. (Australia)
14. Toshiba Medical Systems Corporation (Japan)
15. Medison Co., Ltd. (South Korea)
16. Allengers Medical Systems Limited (India)
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Regional Analysis:
Market share statistics for Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America are analyzed separately. Competitive strengths are evaluated, and individual competitive analyses are conducted for each competitor by analysts at Maximize.
COVID-19 Impact Analysis on MRI Market:
The COVID-19 pandemic has affected various industries including aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. The impact of COVID-19 on the MRI market and its growth rate during 2019-2020 is significant. Timely insights and analysis on mitigating risks and digitizing operations to provide trusted information and insights to CEOs are crucial for businesses and organizations navigating through the COVID-19 crisis.
Key Questions Answered in the MRI Market Report:
• Which segment dominated the MRI market?
• How was the competitive landscape of the MRI market in 2020?
• What are the key factors driving the growth of the MRI market?
• Which region held the largest share in the MRI market in 2020?
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