Market Scope
The Magnetic
Resonance Imaging Systems Market Size is expected to reach USD 5,100
Million by 2030 at 7.30% CAGR during the forecast period 2022-2030.
The
Magnetic Resonance Imaging (MRI) Systems Market is witnessing steady growth
driven by technological advancements, rising prevalence of chronic diseases,
and increasing demand for non-invasive diagnostic procedures. Key players in
the market are focusing on product innovation, such as high-field MRI systems
and advanced software solutions, to enhance imaging quality and efficiency.
Growing investments in healthcare infrastructure, especially in emerging
economies, are also contributing to market expansion. However, challenges like
high installation costs and limited accessibility in remote areas hinder
widespread adoption. Despite this, the MRI Systems Market is expected to
continue its upward trajectory, propelled by ongoing research and development
efforts.
The
Magnetic Resonance Imaging (MRI) systems market is experiencing substantial
growth, driven by the increasing demand for advanced diagnostic tools
worldwide. MRI
imaging machines play a pivotal role in non-invasive medical imaging,
offering detailed insights into the body's internal structures with exceptional
clarity. These machines utilize powerful magnets and radio waves to generate
highly detailed images of organs, tissues, and bones, aiding in the diagnosis
of various medical conditions such as neurological disorders, musculoskeletal
injuries, and cancer. With advancements in technology, such as higher field
strengths and improved image quality, the MRI imaging machine market is poised
for continuous expansion, revolutionizing modern healthcare diagnostics.
Top Competitors for the global Market
Hitachi,
Siemens
AG,
Canon
Medical Systems,
Xingaoyi,
Philips,
Toshiba
Corporation,
Aurora
Imaging Technologies, Inc.,
GE
Healthcare,
Toshiba
Corporation,
are
among some of the top Magnetic
Resonance Imaging Systems Companies listed in the MRFR study.
Market Segmentation
The
Global Magnetic Resonance Imaging Systems Market Report has been considered for
type, field strength, disease application and end user.
Taking
into account type, the market primarily caters to closed MRI, open MRI,
wide-bore MRI and standard bore MRI.
Depending
on field strength, the key segments can be very-high-field MRI systems, 1.5t
MRI systems, high-field MRI systems, low-to-mid-field MRI systems, 3t MRI
systems, and others.
Considering
the disease application, the segments include cardiovascular MRI, brain and
neurological MRI, spine and musculoskeletal MRI, breast MRI, pelvic and
abdominal MRI, and others
With
respect to end user, the market has been split into hospitals and clinics,
diagnostic imaging centers, pharmaceutical &biotechnology companies and
research laboratories.
Top Drivers and Main Barriers
Cutting
edge technologies and intensive Magnetic Resonance Imaging Systems Market
Research have resulted in the introduction of multiple advanced magnetic
resonance imaging equipment that helps patients have longer and healthier
lives. Magnetic resonance imaging technology is a diagnostic system that
obtains information from the body’s interior and is extensively used in
additional technical applications. A magnetic resonance imaging procedure helps
create a 3D image of either the object or the patient that is being studied,
without causing any hurt and without the use of ionizing radiation. With the
substantial growth in the number of disorders related to neurology, spine,
cardiovascular, orthopedic, neck and head, prostate and abdominal, the demand
for advanced magnetic resonance imaging equipment has surged exponentially
worldwide.
Magnetic
Resonance Imaging Systems Market Overview and Analysis By Type (Open MRI and
Close MRI), Field Strength (High-Field MRI Systems), Disease Application (Brain
and Neurological MRI), and by End-Users (Hospitals & Clinics) - Forecast
Till 2030
Regional Outlook
Europe,
Americas, MEA or Middle East and Africa and Asia Pacific or APAC are the top
Magnetic Resonance Imaging Systems Market.
America
remains the market leader, observing the highest demand and use of magnetic
resonance imaging (MRI) systems. The key reasons responsible for the region’s
lead in the global market could be the heavy burden of neurological, ophthalmic
and cardiovascular disorders, especially among the geriatric populace. Rigorous
government efforts as well as spending on researches pertaining to medical
devices along with the escalating demand for correct diagnosis also benefit the
regional market. Substantial awareness level regarding the toxic effects of
using radiation imaging, and the huge numbers of pharmaceutical firms present
in the region also induces significant market growth.
APAC
is touted to witness the fastest growth, as it demonstrates maximum growth
possibilities. The massive patient pool, willingness to adopt latest healthcare
technologies and government initiatives to improve the healthcare
infrastructure are some of the top growth boosters. The improving insurance
schemes and policies for patients, cheap costs of clinical trials and the
intensive researches conducted by the prominent vendors in the region also
enhance the market size. The rising number of players setting up their
manufacturing units in Singapore, Japan, China, Australia and Korea also boosts
the APAC market’s growth potential.
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