Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets

Published - Jul 2018| Analyst - BCC Research Staff| Code - HLC078D
Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets
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Report Highlights

The global MRI systems market should reach $7.3 billion by 2023 from $5.6 billion in 2018 at a compound annual growth rate (CAGR) of 5.7% from 2018 to 2023.

Report Includes

  • 45 data tables
  • Detailed overview of the global markets and technologies for medical magnetic resonance imaging (MRI)
  • Country specific data and analysis for United States, Canada, Mexico, Germany, U.K., France, China, India, Japan, South Korea, Middle East and Africa
  • Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
  • Insight into a detailed market scope for the MRI machines at a global level and various countries
  • Segmentation of the global MRI systems market by geographical region, end user, type, field strength and application areas
  • Information on market dynamics such as drivers, restraints, opportunities, technological advancements and identification of growth inhibiting areas that affect the global market
  • Assessment of vendor landscape and corporate-level profiles of key companies operating in the United States and other key countries for MRI devices market, including Alltech Medical Systems, Aurora Imaging Technology Inc., Canon Medical Systems Corp., Esaote SPA, Fonar Corp., GE Healthcare, Hitachi Medical Corp., Philips Healthcare, and Siemens Healthcare

Report Scope

This report serves as an ideal guide for the subscribers wishing to understand the Medical MRI market extensively in terms of the science being MRI, revenues, technology innovations, key manufacturers, and competitors. In this report, the market estimates are provided considering new sales of MRI machines for human use only. The market estimates for used and refurbished MRI machines will be discussed in a different report.

This report provides an overview and the following information at a country level for various categories, distribution share and competitive-landscape in the market:

  • Comprehensive data related to the market revenue, company share and distribution share.
  • Corporate-level profiles of key companies operating in the United States and other key countries’ Medical Magnetic Resonance Imaging (MRI) Devices market, which includes a brief overview of the company, its business activities and its hold or presence in the respective market. The selection of the companies is based on their operational presence and sales performance.
  • A list of key products under development by key companies in which these products are being clinically investigated.

The market was segmented based on architecture, by field strength, by end user and by geography. By architecture, the market was segmented as open and closed systems. By field strength, the market was segmented by low-medium, high and ultra-high field MRI systems. By application area, the market was segmented as orthopedic, spine, brain, cardiovascular, head and neck, abdominal and pelvis, whole body MRI and others. By end user, the market was segmented as hospitals, ambulatory centers and diagnostic imaging laboratories. By type of sale, the market was segmented as new and refurbished/used. By geography, the market was segregated as North America including countries the United States, Canada and Mexico, Europe including countries Germany, UK, France, Italy and Rest of Europe, Asia-Pacific including countries China, India, Japan, Australia, South Korea, Middle East and Africa which includes Middle East and South America.

Analyst Credentials

Led by Research Head Karthik Arun, the BCC Research Staff is comprised of expert analysts skilled in conducting primary research, secondary research and data analysis and who have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in microbiology, electrical engineering, business administration and surgery, among others.

Table of Contents & Pricing

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Published - Sep-2016| Analyst - Himani Singhi Wadhwa| Code - HLC078C

Report Highlights

The global market for MRI systems reached $5.8 billion in 2015. The market should reach nearly $6.1 billion and $8.0 billion in 2016 and 2021 respectively, growing at a compound annual growth rate (CAGR) of 5.7% from 2016 to 2021.

Report Includes

  • An overview of the global markets and technologies for medical magnetic resonance imaging (MRI).
  • Analyses of market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.
  • Descriptions of the trends and developments for each type of MRI technology and how each is meant to satisfy the needs of customers.
  • Identification of highly competitive MRI industries and their position in the overall imaging market.
  • A look at macro trends that benefit the MRI market, which include:
    • A globally aging population.
    • Continued global urbanization.
    • Prevalence of major diseases such as heart disease, cancer and diabetes.
    • Expanding access to health-care products and services, particularly in rural areas and for younger populations.
  • Examination of the MRI business in terms of specific companies and their position in the market.
  • Profiles of major players in the industy.

Published - Sep-2013| Analyst - Peggy Lehr| Code - HLC078B

Report Highlights

The global market for MRI systems was $4.9 billion in 2012. This market is projected to reach $5.4 billion in 2013 and $6.9 billion by 2018, at an estimated compound annual growth rate (CAGR) of 5% from 2013 to 2018.

Report Includes

  • Descriptions of the trends and developments for each type of MRI technology and how each is meant to satisfy the needs of customers.
  • Analyses of market trends, with data from 2012, estimates for 2013 and projections of compound annual growth rates (CAGRs) through 2018.
  • Examination of the MRI business in terms of specific companies and their position in the market.
  • Identification of highly competitive MRI industries and their position in the overall imaging market.

Published - Aug-2010| Analyst - Peggy Lehr| Code - HLC078A

Report Highlights

  • In the U.S., recent reimbursement changes and the economic downturn have called the expanding use of MRI scanning into question. The North American market is worth $2.3 billion in 2010 and is expected to increase at a 4.4% compound annual growth rate (CAGR) to reach $2.9 billion in 2015.
  • Europe ranks with the U.S. as one of the most developed MRI markets. Expanding applications in the neurologic, cardiac, and breast MRI areas should drive the EU market. This sector is estimated at $1.2 billion in 2010 and is expected to increase at a 10% compound annual growth rate (CAGR) to reach $1.9 billion in 2015.
  • Japan remains an early adopter of newer MRI equipment, making it a prime opportunity for newer 3T equipment. This market is valued at $1 billion in 2010 and should reach $1.3 billion in 2015, a compound annual growth rate (CAGR) of 4.3%.
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