According to The Insight
Partners market research study titled ‘Magnetic Resonance Imaging Market to 2025 " Global Analysis and Forecasts by Field
Strength, Architecture, Application, and End User, The global magnetic
resonance imaging market is expected to reach US$ 7,955.1 Mn in 2025 from US$
5,913.6 in 2017. The market is estimated to grow with a CAGR of 3.8% from
2018-2025. The report highlights the trends prevalent in the global magnetic
resonance imaging market and the factors driving the market along with those
that act as deterrents to its growth.
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Global magnetic resonance imaging market, based on the field
strength into low field MRI systems, high-field MRI systems, and
ultra-high-field MRI systems. The high-field MRI systems is the largest segment
among the field strength segment in the magnetic resonance imaging market in
2017 and is also anticipated to hold the largest market in the year 2025. The
low-field MRI systems segment is fastest growing segment and is accounted to
grow at the highest growth rate during the forecast period. The low-field MRIs
segment is also expected to dominate due to the attractive costs as they are
two to three times less expensive to the original equipment manufacturers (OEM)
than that of the high-field counterparts.
The market for magnetic resonance imaging is expected to grow
due to increasing awareness regarding early detection of diseases,
technological advancements in magnetic resonance imaging, and increasing
funding and initiatives undertaken by government and private bodies to promote
MRI technology across the world are boosting the market over the years. In
addition, the development of hybrid MRI systems are likely to have a positive
impact on the growth of the market in the coming years.
Key market players operating in the market of magnetic
resonance imaging across the globe includes General Electric, Koninklijke
Philips N.V., Siemens AG, Canon Medical Systems Corporation, Esaote SpA, FONAR,
Hitachi, Ltd., Aspect Imaging, Neusoft Corporation and Time Medical Holding.
For instance, in June 2018, Canon Medical Systems Corporation introduced a new
ultra-high resolution research-enabled 3T MRI System that allows for more
accurate tissue diagnosis at early disease stages. The developments performed
by the companies are helping the market to grow in the coming years.
The report segments the global magnetic resonance imaging
market as follows:
Global
Magnetic Resonance Imaging Market " By Field Strength
Low-Field MRI Systems
High-Field MRI Systems
Ultra-High Field MRI Systems
Global
Magnetic Resonance Imaging Market " By Architecture
Closed MRI Systems
Open MRI Systems
Global
Magnetic Resonance Imaging Market " By Application
Neurology
Musculoskeletal
Cardiology
Gastroenterology
Oncology
Others
Global
Magnetic Resonance Imaging Market " By End User
Hospitals
Ambulatory Surgical Centers
Diagnostic Centers
Global
Magnetic Resonance Imaging Market " By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Asia Pacific (APAC)
Japan
China
India
Middle East & Africa (MEA)
Turkey
South Africa
UAE
Saudi Arabia
South & Central America
(SCAM)
Brazil
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