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Magnetic Resonance Imaging is anticipated to grow at a value CAGR of ~x% over 2019-2028. According to a study published by Insure Insights on the Magnetic Resonance Imaging market is expected to grow in the coming years. The key factors affecting the market include, the surge in the awareness about the benefits of early diagnosis contributing to the significant growth in the industry in the coming years. The increase in the technological advancements leading to the replacement of low-field MRI systems with high-field MRI systems, and the increase in the investment on the discovery of new helium deposits would boost the industry in the next few years.
Top Driver: Increase in the awareness of the early diagnosis To propel The Industry
Magnetic Resonance Imaging has rich demand in pharmaceutical sector owing to the advantage in diagnosing the illness and would help the industry grow lucratively in the forecast period. The growth of the awareness programs created in order to help the individuals have better quality of life is anticipated to help the industry boost in the near future. The private and public organizations have voluntarily involved in minimizing the risk of diseases progression till the later stage, hence early diagnosis to be suggested would contribute to the growth of the industry in the next few years.
Brain and Neurological Segment to Make Crucial Contribution to Growth of Global Magnetic Resonance Imaging Market
Among applications segments of the global Magnetic Resonance Imaging market, brain and neurological is predicted to show significant growth in future. This owes to the factor that scans produced are of superior quality than the computerized tomography scans which would help the industry grow at a higher pace. Furthermore, the breast imaging segment is expected to gain a significant CAGR incidence of breast cancer is surging, creating the demand for identifying risk factors related to the disease..
Rising Investments to Benefit North America Market
North American countries such as the US are predicted to maximize their spending on technologies in future. The rapid growth in the incidence of chronic diseases such as cardiovascular disorders, breast cancer, and neurological diseases would boost the demand for imaging analysis in the forecast period. The surge in the technological innovations in combination with the increase in the incidence of chronic conditions is expected to fuel the market growth during the forecast period.
Players to Focus on Magnetic Resonance Imaging Market
The global Magnetic Resonance Imaging market is expected to stay fragmented with the increase in the number of new entrants in the coming years. The key players include, Aspect Imaging, Hitachi, Siemens Healthineers, Neusoft Medical Systems, Canon Medical Systems, GE Healthcare, Philips, Bruker, Aurora Imaging Technology, Esaote S.P.A, Fonar, Shenzhen Mindray Bio-Medical Electronics
Aspect Imaging: In April 2012, Aspect Imaging, the world leading developer of high-performance compact permanent magnets, announced the expanded cooperation with Bruker Corporation on manufacturing and distributing easy-to-use compact magnetic resonance imaging (MRI) systems. Aspect will provide its patented technology to Bruker for use in its Icon compact high-performance 1 Tesla MRI system. In addition, Aspect will focus on its clinical and industrial markets and will transition the growing pre-clinical demand for its M2 systems to Bruker, who will service academic and pharmaceutical researchers with its leading Icon platform that includes the Aspect front-end componentry.
Siemens Healthineers AG: In August 2020, Siemens Healthineers AG and Varian Medical Systems, Inc. announced that they have entered into an agreement, pursuant to which Siemens Healthineers shall acquire all shares of Varian for USD 177.50 per share in cash. This corresponds to a purchase price of approximately USD 16.4 billion.
Scope of the Report
By Field Strength
By Application
By End-User
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Magnetic Resonance Imaging Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Magnetic Resonance Imaging Market -Industry Snapshots
6.1.1 Global Magnetic Resonance Imaging Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Magnetic Resonance Imaging Market Analysis, by Field Strength
7.2 Key Findings for Magnetic Resonance Imaging Market- By Field Strength
7.2.1 Magnetic Resonance Imaging Market- Low Field Strength
7.2.2 Magnetic Resonance Imaging Market- Mid Field Strength
7.2.3 Magnetic Resonance Imaging Market- High Field Strength
Chapter 8 Global Magnetic Resonance Imaging Market Analysis, by Application
8.2 Key Findings for Magnetic Resonance Imaging Market- By Application
8.2.1 Magnetic Resonance Imaging Market- Spine and musculoskeletal
8.2.2 Magnetic Resonance Imaging Market- Brain and neurological
8.2.3 Magnetic Resonance Imaging Market- Cardiac
8.2.4 Magnetic Resonance Imaging Market- Breast
8.2.5 Magnetic Resonance Imaging Market- Others
Chapter 9 Global Magnetic Resonance Imaging Market Analysis, by End User
9.2 Key Findings for Magnetic Resonance Imaging Market- By End User
9.2.1 Magnetic Resonance Imaging Market- Hospitals
9.2.2 Magnetic Resonance Imaging Market- Imaging Centres
9.2.3 Magnetic Resonance Imaging Market- Ambulatory Surgical Centres
9.2.4 Magnetic Resonance Imaging Market- Others
Chapter 10 Magnetic Resonance Imaging Market Analysis by Region
10.1 Key Findings for Magnetic Resonance Imaging Market- By region
10.2.1 Global Magnetic Resonance Imaging Market Analysis, By Field Strength, 2019 – 2028
10.2.2 Global Magnetic Resonance Imaging Market Analysis, By Application, 2019 – 2028
10.2.3 Global Magnetic Resonance Imaging Market Analysis, By End User, 2019 – 2028
10.3 Magnetic Resonance Imaging Market – North America
10.3.5 North America Market, By Field Strength
10.3.6 North America Market, By Application
10.3.7 North America Market, By End User
10.4 Magnetic Resonance Imaging Market – Europe
10.4.7 Europe Market, By Field Strength
10.4.8 Europe Market, By Application
10.4.9 Europe market by, End User
10.5 Magnetic Resonance Imaging Market – Asia Pacific
10.5.6 Asia Pacific Market, By Field Strength
10.5.7 Asia Pacific Market, By Application
10.5.8 Asia Pacific Market, By End User
10.6 Magnetic Resonance Imaging Market – SAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 South America, Middle East and Africa Market, By Field Strength
10.6.6 South America, Middle East and Africa Market, By Application
10.6.7 South America, Middle East and Africa Market, By End User
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.9 Aurora Imaging Technology
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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