Magnetic Resonance Imaging Systems Market Size, Share and Forecast 2019-2027

The global MRI system market size is projected to reach USD 12.09 Billion by 2027 from USD 5.85 Billion in 2018, at a CAGR of 8%. 

The magnetic resonance imaging systems market report provides the market size and forecast (revenue and volume) for the global market and its segments for the period from 2019 to 2027 along with the growth rate (CAGR) from 2019 to 2027, considering 2018 as base year.

The report covers all the major driving factors and key trending topics impacting the expansion of the market during the forecast period. It also highlights the restraints and opportunities expected to influence the market during the aforesaid period. Market value and size have been provided in terms of global, regional, and country level markets. The study provides a comprehensive outlook on the expansion of market during the forecast period in terms of revenue (in US$ Bn) and volume (Million units), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA). 

The market has been provided in (US$ Bn) in terms of revenue and (Million Units) in terms of volume, as well as the CAGR (%) for the forecast period 2019 to 2027. Additionally, under the regional sections, the price trend has been incorporated to ascertain the regional impact of the same. The incremental opportunity analysis has been figured out in order to determine the most attractive segment in the coming years.

The report covers the entire overview of the market including the market dynamics such as drivers, restraints, opportunities, and trends that are predicted to leverage the existing nature and prospective status of this market. Furthermore, the several internal and external factors affecting the market are studied through the industry SWOT analysis. The competitive position of market is studied through the Porter’s Five Forces Analysis. Additionally, current indicators of diverse macro-economic factors are contextualized under key market indicators.

The report also highlights the competitive landscape of market, thereby positioning all the major players according to their geographic presence and recent key developments. The market estimates the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the growth of the market. Besides, competition matrix and market share analysis has been included under the competitive landscape to understand the top players’ contribution to the market. Each company is studied on the basis of basic information, financial highlights, revenue highlights of regional contribution and segment contribution, and product portfolio. Additionally, the company strategy and recent developments if any are also incorporated under each company profile section. 

The major players in the global MRI systems market are Siemens Healthineers (Germany), GE Healthcare (US), Phillips (Netherlands), Hitachi (Japan), and Canon Medical Systems (Japan).

The research report categorizes the MRI system market into the following segments and subsegments:

MRI System Market, by Field Strength

• High-field MRI systems (1.5T to 3T)
  • 1.5T MRI systems
  • 3T MRI systems
• Low-to-mid-field MRI systems (<1.5T)
• Very-high-field MRI systems (4T and above)

MRI System Market, by Architecture

• Closed MRI systems
• Standard bore MRI
• Wide bore MRI
• Open MRI systems

MRI System Market, by Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • Italy
  • France
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • Japan
  • India
  • Rest of APAC
• Rest of the World
  • Brazil
  • Other RoW countries