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Magnetic Resonance Imaging (MRI) Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Jun 01, 2024
Length 140 Pages
SKU # FOB18838659

Description

Magnetic Resonance Imaging (MRI) Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Magnetic Resonance Imaging (MRI) Equipment Market

The magnetic resonance imaging (MRI) equipment market size was valued at USD 7.41 billion in 2023, and the market is now projected to grow from USD 7.76 billion in 2024 to USD 12.20 billion by 2032, exhibiting a CAGR of 5.8% during the forecast period of 2024-2032.

The global market experienced a terrible effect from COVID-19, as reduced affected person visits to hospitals and clinics for imaging offerings lowered the call for devices. Major agencies also noticed a decline in sales because of reduced global sales in their merchandise.

The market is expanding due to the developing occurrence of continual situations along with cancer, epilepsy, Alzheimer's sickness, and Parkinson's sickness. Initiatives by healthcare groups and primary organizations to elevate cognizance approximately those conditions are anticipated to increase analysis costs many of the populace, driving further marketplace growth.

Major players inside the market are more and more that specialize in technological advancements in MRI scanners, which includes excessive-power scanners like 3T and 7T MRI device. These gadgets, once confined to research settings, at the moment are commonly used in recurring clinical diagnostics, reflecting their developing adoption and utility in medical practice.

Comprehensive Analysis of Magnetic Resonance Imaging (MRI) Equipment Market

The magnetic resonance imaging (MRI) equipment market growth is rising at an exponential rate due to its market segmentation. This marketplace enlargement successfully affords an in-depth local exam thinking about the dominant deliver and demand forces that effect the enterprise. These segmentations are methodically segregated by strength analysis, by application analysis, by end-user analysis. By strength analysis include, less than 1.5T, 1.5T, and more than 1.5T. By application analysis include, musculoskeletal, neurology, cardiology, body imaging, and others. By end-user analysis include hospitals & ASCs and diagnostic centers based on end-users.

The Asia- Pacific region lead the magnetic resonance imaging (MRI) equipment market share by benefitting a market size of USD 3.37 billion in 2023 due to the dominance is because of the growing adoption of superior structures, a robust capability patient base, and rising awareness of superior diagnostics amidst growing persistent issues.

The pinnacle players inside the market play a critical function in the enterprise assuring market growth and placing marketplace requirements. These players include GE Healthcare (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthineers AG (Germany), CANON MEDICAL SYSTEMS CORPORATION (Japan), FUJIFILM Corporation (Japan), ESAOTE SPA (Italy), Time Medical Holding (China), SHENZHEN BASDA MEDICAL APPARATUS CO., LTD. (China), FONAR Corp. (U.S.). These market players provide a level-playing competitive landscape.

In December 2023, Siemens Healthineers AG has launched the MAGNETOM Cima.X, a 3T MRI machine, in Canada, improving its function in the Canadian healthcare market. This gadget affords complete and correct diagnosis abilities, extensively enhancing affected person care and diagnostic effects throughout the country.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.8% from 2024-2032

Unit Value (USD Billion)

Segmentation By Strength

Less than 1.5T

1.5T

More than 1.5T

By Application

Musculoskeletal

Neurology

Cardiology

Body Imaging

Others

By End-User

Hospitals & ASCs

Diagnostic Centers

By Region

North America (By Strength, Application, End-User, and Country)

U.S. (By Strength)

Canada (By Strength)

Europe (By Strength, Application, End-User, and Country/Sub-region)

U.K. (By Strength)

Germany (By Strength)

France (By Strength)

Italy (By Strength)

Spain (By Strength)

Scandinavia (By Strength)

Rest of Europe (By Strength)

Asia Pacific (By Strength, Application, End-User, and Country/Sub-region)

China (By Strength)

Japan (By Strength)

India (By Strength)

Australia (By Strength)

Southeast Asia (By Strength)

Rest of Asia Pacific (By Strength)

Latin America (By Strength, Application, End-User, and Country/Sub-region)

Brazil (By Strength)

Mexico (By Strength)

Rest of Latin America (By Strength)

Middle East & Africa (By Strength, Application, End-User, and Country/Sub-region)

GCC (By Strength)

South Africa (By Strength)

Rest of the Middle East & Africa (By Strength)

Table of Contents

140 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. MRI Procedures per year, By Key Countries, 2023
4.2. Technological Developments in Magnetic Resonance Imaging
4.3. Recent Product Launches, By Key Players
4.4. Key Industry Developments
4.5. Impact of COVID-19 on the Market
5. Global Magnetic Resonance Imaging Equipment Market Analysis, Insights and Forecast, 2019-2032
5.1. Market Analysis, Insights and Forecast – By Strength
5.1.1. Less than 1.5T
5.1.2. 1.5T
5.1.3. More than 1.5T
5.2. Market Analysis, Insights and Forecast – By Application
5.2.1. Musculoskeletal
5.2.2. Neurology
5.2.3. Cardiology
5.2.4. Body Imaging
5.2.5. Others
5.3. Market Analysis, Insights and Forecast – By End User
5.3.1. Hospitals & ASCs
5.3.2. Diagnostic Centers
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia pacific
5.4.4. Latin America
5.4.5. Middle East & Africa
6. North America Magnetic Resonance Imaging Equipment Market Analysis, Insights and Forecast, 2019-2032
6.1. Market Analysis – By Strength
6.1.1. Less than 1.5T
6.1.2. 1.5T
6.1.3. More than 1.5T
6.2. Market Analysis – By Application
6.2.1. Musculoskeletal
6.2.2. Neurology
6.2.3. Cardiology
6.2.4. Body Imaging
6.2.5. Others
6.3. Market Analysis – By End User
6.3.1. Hospitals & ASCs
6.3.2. Diagnostic Centers
6.4. Market Analysis – By Country
6.4.1. U.S.
6.4.1.1. By Strength
6.4.2. Canada
6.4.2.1. By Strength
7. Europe Magnetic Resonance Imaging Equipment Market Analysis, Insights and Forecast, 2019-2032
7.1. Market Analysis – By Strength
7.1.1. Less than 1.5T
7.1.2. 1.5T
7.1.3. More than 1.5T
7.2. Market Analysis – By Application
7.2.1. Musculoskeletal
7.2.2. Neurology
7.2.3. Cardiology
7.2.4. Body Imaging
7.2.5. Others
7.3. Market Analysis – By End User
7.3.1. Hospitals & ASCs
7.3.2. Diagnostic Centers
7.4. Market Analysis – By Country/ sub-region
7.4.1. U.K.
7.4.1.1. By Strength
7.4.2. Germany
7.4.2.1. By Strength
7.4.3. France
7.4.3.1. By Strength
7.4.4. Spain
7.4.4.1. By Strength
7.4.5. Italy
7.4.5.1. By Strength
7.4.6. Scandinavia
7.4.6.1. By Strength
7.4.7. Rest of Europe
7.4.7.1. By Strength
8. Asia pacific Magnetic Resonance Imaging Equipment Market Analysis, Insights and Forecast, 2019-2032
8.1. Market Analysis – By Strength
8.1.1. Less than 1.5T
8.1.2. 1.5T
8.1.3. More than 1.5T
8.2. Market Analysis – By Application
8.2.1. Musculoskeletal
8.2.2. Neurology
8.2.3. Cardiology
8.2.4. Body Imaging
8.2.5. Others
8.3. Market Analysis – By End User
8.3.1. Hospitals & ASCs
8.3.2. Diagnostic Centers
8.4. Market Analysis – By Country/ sub-region
8.4.1. Japan
8.4.1.1. By Strength
8.4.2. China
8.4.2.1. By Strength
8.4.3. India
8.4.3.1. By Strength
8.4.4. Australia
8.4.4.1. By Strength
8.4.5. Southeast Asia
8.4.5.1. By Strength
8.4.6. Rest of Asia Pacific
8.4.6.1. By Strength
9. Latin America Magnetic Resonance Imaging Equipment Market Analysis, Insights and Forecast, 2019-2032
9.1. Market Analysis – By Strength
9.1.1. Less than 1.5T
9.1.2. 1.5T
9.1.3. More than 1.5T
9.2. Market Analysis – By Application
9.2.1. Musculoskeletal
9.2.2. Neurology
9.2.3. Cardiology
9.2.4. Body Imaging
9.2.5. Others
9.3. Market Analysis – By End User
9.3.1. Hospitals & ASCs
9.3.2. Diagnostic Centers
9.4. Market Analysis – By Country/ sub-region
9.4.1. Brazil
9.4.1.1. By Strength
9.4.2. Mexico
9.4.2.1. By Strength
9.4.3. Rest of Latin America
9.4.3.1. By Strength
10. Middle East & Africa Magnetic Resonance Imaging Equipment Market Analysis, Insights and Forecast, 2019-2032
10.1. Market Analysis – By Strength
10.1.1. Less than 1.5T
10.1.2. 1.5T
10.1.3. More than 1.5T
10.2. Market Analysis – By Application
10.2.1. Musculoskeletal
10.2.2. Neurology
10.2.3. Cardiology
10.2.4. Body Imaging
10.2.5. Others
10.3. Market Analysis – By End User
10.3.1. Hospitals & ASCs
10.3.2. Diagnostic Centers
10.4. Market Analysis – By Country/ sub-region
10.4.1. GCC Countries
10.4.1.1. By Strength
10.4.2. South Africa
10.4.2.1. By Strength
10.4.3. Rest of Middle East & Africa
10.4.3.1. By Strength
11. Competitive Analysis
11.1. Global Market Share Analysis (2023)
11.2. Company Profiles
11.2.1. GE Healthcare
11.2.1.1. Overview
11.2.1.2. Products & Services
11.2.1.3. SWOT Analysis
11.2.1.4. Recent Developments
11.2.1.5. Strategies
11.2.1.6. Financials (Based on Availability)
11.2.2. Siemens Healthcare GmbH
11.2.2.1. Overview
11.2.2.2. Products & Services
11.2.2.3. SWOT Analysis
11.2.2.4. Recent Developments
11.2.2.5. Strategies
11.2.2.6. Financials (Based on Availability)
11.2.3. Koninklijke Philips N.V.
11.2.3.1. Overview
11.2.3.2. Products & Services
11.2.3.3. SWOT Analysis
11.2.3.4. Recent Developments
11.2.3.5. Strategies
11.2.3.6. Financials (Based on Availability)
11.2.4. Canon Inc.
11.2.4.1. Overview
11.2.4.2. Products & Services
11.2.4.3. SWOT Analysis
11.2.4.4. Recent Developments
11.2.4.5. Strategies
11.2.4.6. Financials (Based on Availability)
11.2.5. Hitachi, Ltd.
11.2.5.1. Overview
11.2.5.2. Products & Services
11.2.5.3. SWOT Analysis
11.2.5.4. Recent Developments
11.2.5.5. Strategies
11.2.5.6. Financials (Based on Availability)
11.2.6. Esaote SpA
11.2.6.1. Overview
11.2.6.2. Products & Services
11.2.6.3. SWOT Analysis
11.2.6.4. Recent Developments
11.2.6.5. Strategies
11.2.6.6. Financials (Based on Availability)
11.2.7. Shenzhen Anke High-tech Co., Ltd.
11.2.7.1. Overview
11.2.7.2. Products & Services
11.2.7.3. SWOT Analysis
11.2.7.4. Recent Developments
11.2.7.5. Strategies
11.2.7.6. Financials (Based on Availability)
11.2.8. Time Medical Holding
11.2.8.1. Overview
11.2.8.2. Products & Services
11.2.8.3. SWOT Analysis
11.2.8.4. Recent Developments
11.2.8.5. Strategies
11.2.8.6. Financials (Based on Availability)
11.2.9. SHENZHEN BASDA MEDICAL APPARATUS CO., LTD.
11.2.9.1. Overview
11.2.9.2. Products & Services
11.2.9.3. SWOT Analysis
11.2.9.4. Recent Developments
11.2.9.5. Strategies
11.2.9.6. Financials (Based on Availability)
11.2.10. Fonar Corporation
11.2.10.1. Overview
11.2.10.2. Products & Services
11.2.10.3. SWOT Analysis
11.2.10.4. Recent Developments
11.2.10.5. Strategies
11.2.10.6. Financials (Based on Availability)

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