The rising occurrence of target conditions is one of the significant factors influencing the market growth.
The global MRI Systems Market is projected to be worth USD 8,249.3 Million by 2027, according to a current analysis by Emergen Research. The magnetic resonance imaging systems market is observing high demand attributed to the rising occurrence of target conditions such as breast cancer. Breast cancer is the most commonly occurring cancer type in women, with more than 2 million new breast cancer cases in 2018.
Various initiatives by governments across the globe are a significant factor in promoting women’s health. In the US, a considerable momentum in legislative policies is being emphasized to make reporting of breast density mandatory; thereby, driving the market demand for the mammography system. As per the statistics of WHO 2013, Global Health Estimates, over 500,000 women suffered death in the year 2011 as a result of breast cancer.
Market Size – USD 6,097.8 Million in 2019, Market Growth - CAGR of 3.8%, Market Trends –Increased investments in the field of MRI Imaging
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Scope of The Report:
The global MRI Systems is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Energy Efficient MRI Systems report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.
Global MRI Systems market competition by TOP MANUFACTURERS, with production, price, and revenue (value) and market share for each manufacturer; the top players including:
- Key participants include Siemens Healthineers, GE Healthcare, Bruker Corporation, Canon Medical Systems, Koninklijke Philips NV, Aurora Imaging Technology Inc., Neusoft Medical Systems Co. Ltd., Fujifilm, Fonar Corporation, and Aspect Imaging, among others.
Emergen Research has segmented the global MRI Systems Market on the basis of field strength, architecture, application, end-users, and region:
Field Strength Outlook (Revenue, USD Billion; 2017-2027)
- Very High Field MRI Systems
- High Field MRI Systems
- Low-To-Mid Field MRI Systems
Architecture Outlook (Revenue, USD Billion; 2017-2027)
- Open MRI Systems
- Closed MRI Systems
Application Outlook (Revenue, USD Billion; 2017-2027)
- Brain Neurological
- Spine Musculoskeletal
- Vascular
- Abdominal
- Cardiac
- Breast
- Others
End-Users Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals Clinics
- Diagnostics Centers
- Ambulatory Care Centers
- Others
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- UAE
- Rest of MEA
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- In December 2019, Fujifilm made an announcement about the acquisition of Hitachi Diagnostic Imaging Business worth USD 1.6 Billion.
- MRI systems offer the benefit of imaging soft body tissue parts that are occasionally hard to view using other types of modalities. MRI is excellent at identifying and locating some cancers. Moreover, an MRI deploying contrast dye is the most appropriate brain and spinal cord tumor imaging technique.
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