MRI Systems Market Growth by Top Companies, Regions, Types, Applications, Drivers, Trends & Forecasts by 2026

New report on the MRI Systems market conducts a detailed investigation of the latest and future scenarios of the industry. The report also illustrates the business’s key trends and expansion opportunities along with the obstacles that are negatively impacting the market growth.  The study provides past and latest data updates of the various market segments to identify several avenues for business expansion, as well as offers verifiable projections pertaining to market share, market size, and growth rate of the industry over the review timeline. Moreover, the report entails invaluable data based on the consumption and pricing patterns pursued by a definite representation of the competitive space.

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Executive Summary

The Global MRI Systems Market was valued at USD 7.13 Billion in the year 2020. The rising prevalence of chronic diseases, technological advancements in the field strength of MRI Systems, and the rising geriatric population will impel the usage of MRI Systems globally, hence, paving way for the growth in the market during the forecast period 2021-2026.

Based on the Field Strength segment, the 1.5T – 3T captured the lion’s share in the global market in 2020. Globally, MRI diagnosis takes place with scanners of either of these strengths. The more than 3T field MRI systems are increasingly becoming popular due to their improvements in imaging quality over other scanners.

North America region is estimated to hold the maximum share in the global MRI Systems market, followed by Europe. However, the new emerging markets in the APAC region will witness the fastest growth rate in the forthcoming years.

The key factors driving the growth of this market include rising prevalence of chronic diseases such as cardiovascular diseases, breast cancer, neurological and musculoskeletal conditions among others, awareness about the benefits of early diagnosis, technological advancements leading to the replacement of low-field MRI systems with high-field MRI systems, and rising aged population worldwide. The other factors propelling the growth of the magnetic resonance imaging market are rising adoption of universal health coverage in the developed and developing markets, increasing product launches, adoption of high strength MRI equipment, rising healthcare infrastructure in emerging potential markets and advent of AI-Inspired MRI procedures.

Scope of the Report

• The report presents the analysis of the MRI Systems market for the historical period of 2016-2020 and the forecast period of 2021-2026.

• The report analyses the MRI Systems Market by Value (USD Million).

• The report analyses the MRI Systems Market by Architecture (Closed MRI Systems and Open MRI Systems).

• The report analyses the MRI Systems Market by Field Strength (Less than 1.5T, 1.5T – 3T and more than 3T).

• The report analyses the MRI Systems Market by Application (Neurology, Musculoskeletal, Cardiology and Others).

• The Global MRI Systems Market has been analysed by countries (United States, Canada, Germany, France, Italy, United Kingdom, China, Japan, India, and Australia).

• The key insights of the report have been presented through the frameworks of SWOT Analysis. Also, the attractiveness of the market has been presented by region, by Architecture, by field strength and by Application.

• Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.

• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Siemens Healthineers, General Electric, Phillips, Canon Medical Systems Corp., Hitachi, Ltd., Fonar Corporation, Esaote SpA, Anke high-tech co. ltd, Time medical systems, MR solutions.

Key Target Audience

• MRI Systems Manufacturers and Vendors

• Medical Imaging Industry

• Consulting and Advisory Firms

• Government and Research Organisations

• Medical Devices Regulatory Authorities

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Key Indicators Analyzed

  • Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
  • Global and Regional Market Analysis: The report includes Global & Regional market status and outlook. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
  • Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
  • Opportunities and Drivers: Identifying the Growing Demands and New Technology
  • Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

  • To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
  • Assess the production processes, major issues, and solutions to mitigate the development risk.
  • To understand the most affecting driving and restraining forces in the market and its impact in the global market.
  • Learn about the market strategies that are being adopted by leading respective organizations.


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