The global MRI systems market size was valued at USD 6,097.8 Million in 2019 and is forecasted to reach USD 8,249.3 Million by 2027 at a CAGR of 3.8%. The magnetic resonance imaging systems market is observing high demand attributed to its rising usage in neurological, musculoskeletal, vascular, spine, cardiac, abdominal, and breast cancer. Factors such as rising occurrences of target conditions, technological advancements, increased investments in the field of MRI imaging, growing awareness for early detection of chronic diseases, and growing geriatric population drive the market growth.

The study segments the complete MRI (Magnetic Resonance Imaging) Systems market on the basis of different application, end-use, end-user, and production capability. From a business standpoint, the industry has been thoroughly examined across various countries located in North America, Europe, Asia-Pacific, and others. The size of the industry for the forecast period 2020 – 2027 is evaluated on the basis of current sales figures and past financial report can be used to forecast the future sales.

The market in the Asia Pacific region is likely to grow at the fastest rate in the forecast period, due to the growth of the end-use industries such as the building & construction and packaging industry. China is likely to observe a substantial rise in the MRI (Magnetic Resonance Imaging) Systems demand, attributed to the surging automotive production, as well as supportive government policies for the production of electronics products.

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The regions in the Asia Pacific led by China, India, and South Korea are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, preparation for the forthcoming combats, along with higher economic development and enhancement in the manufacturing industry & semiconductor solutions, deliberately help propel market enforcement.

Key questions answered in the report

What will be the market size in terms of value and volume in the next five years?

Which segment is currently leading the market?

In which region will the market find its highest growth?

Which players will take the lead in the market?

What are the key drivers and restraints of the market’s growth?

Report Objectives

Examine the size of the global MRI (Magnetic Resonance Imaging) Systems market based on the parameters of value and volume.

Accurately calculate the market shares, consumption, and other essential aspects of different segments of the global MRI (Magnetic Resonance Imaging) Systems market.

Explore the underlying dynamics of the global MRI (Magnetic Resonance Imaging) Systems market.

Highlight significant trends of the global MRI (Magnetic Resonance Imaging) Systems market based on factors including, production, revenue, and sales.

Extensively profile top players of the global MRI (Magnetic Resonance Imaging) Systems market and showing how they compete in the industry.

Study manufacturing processes and the costs, product pricing, and various trends associated with them.

Analyze the performance of different regions and countries in the global MRI (Magnetic Resonance Imaging) Systems market.

Forecast the market size and share of all segments and regions in the global landscape.

Key Highlights From The Report

In April 2019, Parker Hannifin Corporation made an announcement about signing an agreement for the acquisition of Lord Corporation worth USD 3.68 billion. Lord Corporation provides a wide range of adhesives, specialty materials, coatings, vibration & motion control technologies.

Acrylic adhesives are garnering significant traction in the market, owing to the offering of superior temperature, ultraviolet, and oxidation resistance; and hence find preferable usage in outdoor purposes. Acrylic adhesives have the capability to counter the negative plasticizing action taking place with rubber and providing better resistance to chemical exposure.

In the treatment of sports injury, MRI (Magnetic Resonance Imaging) Systems find application for the wrapping of soft tissue injuries for compression and support, thereby assisting in limiting swelling and safeguarding the affected area.

Key participants include Arkema SA, 3M Company, Parker Hannifin Corporation, Huntsman International LLC, Sika AG, Henkel AG, Dow Inc., Illinois Tool Works Inc., MaterBond Inc., and Ashland Global Specialty Chemicals Inc., among others.

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Resin Type Outlook (Revenue, USD Billion; 2017-2027)






Methyl Methacrylate


Substrate Outlook (Revenue, USD Billion; 2017-2027)



Polyvinyl Chloride


Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)



Application Outlook (Revenue, USD Billion; 2017-2027)


Building & Construction

Automotive & Transportation




MRI (Magnetic Resonance Imaging) Systems Market Regional Outlook (Revenue, USD Billion; 2021–2028)

North America


Asia Pacific

Latin America

Middle East & Africa

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Table of Content

Chapter 1. Methodology & Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2019-2028

Chapter 3. Key Insights

Chapter 4. MRI (Magnetic Resonance Imaging) Systems Market Segmentation & Impact Analysis

Chapter 5. MRI (Magnetic Resonance Imaging) Systems Market By Application Insights & Trends, Revenue (USD Billion)

Chapter 6. MRI (Magnetic Resonance Imaging) Systems Market By Industries Insights & Trends Revenue (USD Billion)

Chapter 7. MRI (Magnetic Resonance Imaging) Systems Market By Type Insights & Trends Revenue (USD Billion)

Chapter 8. MRI (Magnetic Resonance Imaging) Systems Market Regional Outlook


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