The global Magnetic Resonance Imaging (MRI) Systems market is expected to be of value USD 5 Billion in 2023 and to grow at a depict 3.5% CAGR during the forecast period. Magnetic resonance imaging (MRI) systems is a non-invasive technique in which light is used to interrogate cellular and molecular function in the living body by exploiting the special properties of photons. Magnetic resonance imaging (MRI) systems are surpassing the radiology imaging market due to its myriad advantages over it. This market is mainly driven by rising demand for non-invasive procedures, harmful effects of radiation-based imaging, increase in research and development activities in the life sciences sector, and increasing application of magnetic resonance imaging (MRI) systems techniques in drug discovery processes and preclinical research, Moreover factors such as rising geriatric population which leads to increase in cardiovascular, neurological and ophthalmic disorders is also fueling the growth of this market. However, the market growth is restricted by factors such as stringent regulatory approval procedures high costs of instruments, scarcity of skilled operators, and insufficient reimbursements policies for magnetic resonance imaging (MRI) systems procedures.
Market Segmentation
The global magnetic resonance imaging (MRI) systems market is segmented on the basis of type, field strength, disease application and end user.
Considering the type, the market is segmented into open MRI, closed MRI, standard bore MRI, wide-bore MRI.
On the basis of field strength, the market is segmented into high-field MRI systems, 1.5t MRI systems, 3t MRI systems, low-to-mid-field MRI systems, very-high-field MRI systems, and others.
On account of disease application, the market is segmented into the spine and musculoskeletal MRI, brain and neurological MRI, pelvic and abdominal MRI, breast MRI, cardiovascular MRI, and others
According to the end user, the market is segmented into diagnostic imaging centers, hospitals and clinics, research laboratories, and pharmaceutical &biotechnology companies.
Market Players
- Hitachi
- Siemens AG
- Canon Medical Systems
- GE Healthcare
- Philips
- Toshiba Corporation
- Toshiba Corporation
- Xingaoyi
- Aurora Imaging Technologies, Inc.
Market Segmentation & Key players
Global Magnetic Resonance Imaging (MRI) Systems Market, by Type
- Open MRI
- Closed MRI
- Standard Bore MR
- Wide-Bore MRI
Global Magnetic Resonance Imaging (MRI) Systems Market, by Field Strength
- High-Field MRI Systems
- 5t MRI Systems
- 3t MRI Systems
- Low-To-Mid-Field MRI Systems
- Very-High-Field MRI Systems
- Others
Global Magnetic Resonance Imaging (MRI) Systems Market, by Disease application
- Spine and musculoskeletal MRI
- Brain and neurological MRI
- Pelvic and Abdominal MRI
- Breast MRI
- Cardiovascular MRI
- Others
Global Magnetic Resonance Imaging (MRI) Systems Market, by End-User
- Hospital & Clinics
- Diagnostic Centers
- Others
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