Global MRI Systems Market by Architecture, Field Strength — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026.

The global MRI Systems market was valued at USD 6.08 billion in 2019, and now it is projected to reach USD 7.95 billion by 2026, growing at a CAGR of 3.9%, during the forecast period, 2020–2026. The key factors driving the growth of this market include, rising awareness about the benefits of early diagnosis, technological advancements in the medical field.

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Technological advancements have improved the capability of MRI systems by enabling it to image many body parts consisting of blood vessels, lungs, brain, breasts, and abdominal and pelvic organs. The cardiac MR procedures have also been simplified in new generation MRI scanners.

Market Trends, Drivers, Restraints, and Opportunities:

The development of pulmonary MRI systems is anticipated to boost the adoption of MRI systems, which in turn will drive the market during the forecast period.
The key factors driving the growth of this market include, rising awareness about the benefits of early diagnosis, technological advancements in the medical field.
The increasing investment in renewable energy has, in turn, boosted the amount of electricity production. Solar and wind power accounts for the highest share of renewable capacity addition.
Additionally, the advent of MRI-compatible pacemakers is expected to significantly boost the number of patients eligible for MRI procedures.
The prime factors responsible for the new wave of replacement consist of the introduction of MRI scanners with wider patient bores and replacement of current MRI systems that have reached their optimum utilization.
The high cost associated with MRI solutions is expected to restrain the market growth. Moreover, MRI systems might result in malfunctioning or permanent damage to implantable devices such as pacemakers and ICDs.

Competitive Landscape:

Key players include Siemens Healthineers (Germany), GE Healthcare (US), Phillips (Netherlands), Hitachi (Japan), and Canon Medical Systems (Japan). Other players in this market include Esaote (Italy), Aspect Imaging (Israel), FONAR (US), Neusoft Medical Systems (China), Aurora Imaging Technology (US), and Mindray (China).

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The global MRI Systems market has been segmented on the basis of:

Architecture

Open MRI Systems
Closed MRI Systems
Standard Bore
Wide Bore

Field Strength

Low-to-mid Field
High-Field
1.5T
3T
Very-high Field

Regions

Asia-Pacific
North America
Europe
Latin America
Middle East & Africa

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Table of Contents

Executive Summary
Assumptions and Acronyms Used
Research Methodology
MRI Systems Market Overview
Global MRI Systems Market Analysis and Forecast by Type
Global MRI Systems Market Analysis and Forecast by Application
Global MRI Systems Market Analysis and Forecast by Sales Channel
Global MRI Systems Market Analysis and Forecast by Region
North America MRI Systems Market Analysis and Forecast
Latin America MRI Systems Market Analysis and Forecast
Europe MRI Systems Market Analysis and Forecast
Asia Pacific MRI Systems Market Analysis and Forecast
Middle East & Africa MRI Systems Market Analysis and Forecast
Competition Landscape

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