About MRI System
Magnetic resonance imaging (MRI) is a non-invasive technology that produces three dimensional images of anatomy and the physiological processes of the body. It is often used for disease detection, diagnosis and treatment monitoring. MRI system uses strong magnetic field gradients and radio waves to generate images of the organs in the body. It can show blockages, soft tissue structures, swelling, inflammation and both three dimensional and cross section images of the body.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the MRI System market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for MRI System Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global MRI System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GE Healthcare (United States), Siemens Healthcare (Germany), Philips Healthcare (Netherlands), Hitachi Medical Systems (Japan), Canon Medical Systems Corporation (Japan), Shimadzu Corporation (Japan), Esaote S.P.A (Italy), Agilent Technologies, Inc. (United States), Aurora Imaging Technology (United States) and Carestream Health (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hologic (United States), Barco (Belgium) and Nordion Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global MRI System market by , Application (Brain, Head and Neck, Spine, Musculoskeletal, Vascular, Pelvic and Abdomen, Breast, Cardiac and Others) and Region.
On the basis of geography, the market of MRI System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Architecture, the sub-segment i.e. Closed MRI System will boost the MRI System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Field Strength, the sub-segment i.e. Low Field Strength will boost the MRI System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development of MRI Systems with Improved Features
Market Growth Drivers:
Technological Advancement in the Healthcare Industry, Increased Use of MRI System for Disease Detection and Rising Geriatric Population Worldwide
Challenges:
MRI System Is Expensive To Purchase, Maintain and Operates and MRI Scanners Can Be Affected By Movements
Restraints:
Patients with Pacemakers and Certain Ferromagnetic Appliances Cannot Be Studied
Opportunities:
Increasing Demand for MRI Systems Worldwide and Growing Healthcare Infrastructure in Emerging Countries
Market Leaders and their expansionary development strategies
In July 2022, Canon Medical has launched the Vantage Fortian at ECR 2022. The new MRI system features innovative workflow solutions, image enhancement, and accelerated scan technology, which together contribute to reducing the time required for MRI procedures.
In March 2018, Philips Healthcare launched a new 3-Tesla MRI scanner called Ingenia Edition 3.0T. The system offers a 50% reduction in scanning time and also improvements to the patient experience and all without sacrificing image quality.
Key Target Audience
MRI System Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.