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Redding, California - February 28, 2023

Magnetic Resonance Imaging (MRI) Systems Market to be Worth $10.35 Billion by 2030

Magnetic Resonance Imaging (MRI) Systems Market by Design (Close, Open, Portable), Field Strength (Low Field, 3T, 5T, 7T Scanner), Application (Vascular, Brain, Neuro, Breast, Cardiac, Paediatric, Extremity, Whole Body), End User - Global Forecast to 2030

Meticulous Research^®—a leading global market research company, published a research report titled ‘Magnetic Resonance Imaging (MRI) Systems Market by Design (Close, Open, Portable), Field Strength (Low Field, 3T, 5T, 7T Scanner), Application (Vascular, Brain, Neuro, Breast, Cardiac, Paediatric, Extremity, Whole Body), End User - Global Forecast to 2030.’

According to this latest publication from Meticulous Research^®, the magnetic resonance imaging (MRI) systems market is projected to reach $10.35 billion by 2030, at a CAGR of 6.3% during the forecast period. The growth of this market is driven by factors such as rising awareness about the importance of early disease diagnosis, the growing demand for high-field MRI scans, the rising incidence of cardiac, neurological, and oncological disorders, and rising healthcare expenditure. However, the high cost of MRI systems and low reimbursement rates restrains the market’s growth.

Furthermore, the growing penetration of MRI systems in developing economies, the development of zero/low radiation MRI systems, and technological advancements in MRI systems are expected to offer significant market growth opportunities. However, the shortage of skilled professionals for MRI in many developing countries is a major challenge to the market’s growth.

Magnetic Resonance Imaging (MRI) systems Market: Future Outlook

The magnetic resonance imaging (MRI) systems market is segmented based on Design (Close MRI Systems, Open MRI Systems, Portable and Handheld MRI Systems), Field Strength (3T Scanners, 5T Scanners, Low-Field [1.5t or less] Scanners, and 7T Scanners), Application (Neuro Imaging, Whole Body Imaging, Breast Imaging, Cardiac Imaging, Vascular Imaging, Musculoskeletal and Extremity Imaging, and Pediatric Imaging), End User (Diagnostic Imaging Centers, Hospitals, and Other End Users), and Geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on design, in 2023, the closed MRI systems segment is expected to account for the largest share of the magnetic resonance imaging (MRI) systems market. In closed MRI systems, the magnets surround the patient, creating a stronger magnetic field, which enables the production of better image quality and makes them ideal for certain types of scans where greater detail is required. These factors contribute to the large market share of this segment.

Based on field strength, the magnetic resonance imaging (MRI) systems market is segmented into 3T scanners, 5T scanners, Low-Field (1.2t or less) scanners, and 7T scanners. In 2023, the 3T scanners segment is expected to account for the largest share of the magnetic resonance imaging (MRI) systems market. A 3T MRI generates a magnetic field that is twice as strong as a normal MRI and 10 to 15 times stronger than open MRI scanners. 3T MRI systems provide more scanning options, including the ability to scan in tiny slices as small as 1mm to help diagnose complex conditions. These MRI systems also provide higher detailed images in a short duration. These benefits contribute to the large market share of this segment.

Based on application, the magnetic resonance imaging (MRI) systems market is segmented into neuro imaging, whole body imaging, breast imaging, cardiac imaging, vascular imaging, musculoskeletal and extremity imaging, and pediatric imaging. In 2023, the neuro imaging segment is expected to account for the largest share of the magnetic resonance imaging (MRI) systems market due to its wide use in diagnosing Alzheimer, schizophrenia, and other mental disorders.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa.

In 2023, North America is expected to account for the largest share of the magnetic resonance imaging (MRI) systems market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest market shareholder in North America. The market growth in the U.S. is attributed to the high disposable incomes of the population, the rising number of patients with chronic diseases, and favorable government investments for supporting the installation of magnetic resonance imaging (MRI) systems in various healthcare facilities.

Key Players

The key players operating in the magnetic resonance imaging (MRI) systems market are Aurora Imaging Technology, Inc. (U.S.), Esaote S.p.A (Italy), Fonar Corporation (U.S.), GE Healthcare (U.S.), FUJIFILM Holdings Corporation (Japan), Bruker Corporation (U.S.), Aspect Imaging Ltd. (Israel), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), Toshiba Medical Systems Corporation (Japan), Canon Inc. (Japan), and Hyperfine, Inc. (U.S.).

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5484

Key questions answered in the report:

Which are the high-growth market segments in terms of design, field strength, application, end user, and region/country?
What was the historical market size for magnetic resonance imaging (MRI) systems across the globe?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, and opportunities in the global magnetic resonance imaging (MRI) systems market?
Who are the major players in the global magnetic resonance imaging (MRI) systems market?
How is the competitive landscape, and who are the market leaders in the global magnetic resonance imaging (MRI) systems market?
What are the recent developments in the magnetic resonance imaging (MRI) systems market?
What are the different strategies adopted by the major players in the magnetic resonance imaging (MRI) systems market?
What are the geographical trends and high growth regions/countries?

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Redding, California - February 28, 2023

Magnetic Resonance Imaging (MRI) Systems Market to be Worth $10.35 Billion by 2030

Magnetic Resonance Imaging (MRI) Systems Market by Design (Close, Open, Portable), Field Strength (Low Field, 3T, 5T, 7T Scanner), Application (Vascular, Brain, Neuro, Breast, Cardiac, Paediatric, Extremity, Whole Body), End User - Global Forecast to 2030

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