The Global Magnetic Resonance Imaging Market is expected to register a CAGR of nearly 5% over the forecast period, with estimated market size of USD 7,550 million in 2020, and it is expected to reach USD 10,250 million by 2027.
Magnetic resonance imaging (MRI) is an efficient diagnostic tool to identify diseases related to spinal lesions, tumors and strokes affecting blood vessels and brain regions. The increasing prevalence of these diseases is expected to play a significant role in the market growth. MRI is the ultimate tool for diagnostic imaging and neuroscience research. It provides morphological images with unmatched spatial resolution and unmatched soft tissue contrast, as well as unique functional information of the central nervous system (CNS). 97% of MRI sites perform brain scans, and 1 in 4 MRI scans are of the brain, making it one of the most commonly performed tests in neurology. Neurological uses of MRI systems include diagnosing brain and spinal cord tumors, infections, and vascular abnormalities that can lead to stroke. MRI can also detect disorders, along with performing monitoring of degenerative disorders such as multiple sclerosis, and can also record traumatic brain damage.
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Market Segments
By Architecture
- Closed System
- Open System
By Field Strength
- Low Field Strength
- Mid Field Strength
- High Field Strength
By Application
- Brain and neurological
- Spine and musculoskeletal
- Vascular
- Abdominal
- Breast
- Cardiac
Key Players
- GE Healthcare
- Hitachi Medical Systems America AG.
- Siemens AG
- Toshiba Corporation
- Aurora Imaging Technologies, Inc.
- Koninklijke Philips N.V.
- Esaote SPA
Scope of the Report
The research study analyzes the global Magnetic Resonance Imaging industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Magnetic Resonance Imaging Market Report
1. What was the Magnetic Resonance Imaging Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Magnetic Resonance Imaging Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Magnetic Resonance Imaging Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Magnetic Resonance Imaging market.
- The market share of the global Magnetic Resonance Imaging market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Magnetic Resonance Imaging market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Magnetic Resonance Imaging market.
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