Medical Devices

Magnetic Resonance Imaging Market Boosting the Growth Worldwide: Market Dynamics and Trends, Efficiencies Forecast 2025

The magnetic resonance imaging market is expected to reach US$ 7,955.1 Mn in 2025 from US$ 5,913.6 in 2017. The magnetic resonance imaging market is estimated to grow with a CAGR of 3.8% from 2018-2025.

A Latest intelligence report published by The Insight Partners with title “Magnetic Resonance Imaging Market Outlook to 2025. A detailed study accumulated to offer Latest insights about acute features of the Magnetic Resonance Imaging Market. This report provides a detailed overview of key factors in the Magnetic Resonance Imaging Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.

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Our expert team is consistently working on updated data and information on the key player’s related business processes that value the market. For future strategies and predictions, we provide a special section regarding the COVID-19 situation.

The major players operating in the magnetic resonance imaging market include General Electric, Koninklijke Philips N.V., Siemens AG, Canon Medical Systems Corporation, Esaote SpA, FONAR, Hitachi, Ltd., Aspect Imaging, Neusoft Corporation and Time Medical Holding.

For instance, in April 2017, Philips introduced the latest MR solution neurology-focused MultiBand SENSE. The launch of the product helped in the faster diagnosis of the diseases. And the launch expanded the geographical presence of the company in global magnetic resonance imaging market.

Magnetic resonance imaging market is segmented by product into field strength, architecture, application, and end user. On the basis of field strength, the market is segmented into low field MRI systems, high-field MRI systems, and ultra-high-field MRI systems. The architecture segment of the magnetic resonance imaging market is segmented into open MRI systems, and closed MRI systems. The application segment of the magnetic resonance imaging market is segmented into open cardiology, oncology, gastroenterology, and neurology, musculoskeletal and other applications. The end user segment of the magnetic resonance imaging market is segmented into hospitals, ambulatory surgical centers, and diagnostic centers.

Magnetic resonance imaging (MRI) is a scan which utilizes strong magnetic fields and radio waves for producing detailed images of the inside of the body. The MRI scanner is a large tube that contains powerful magnets, the patient lies inside the tube during the scan. An MRI scan can be used to examine almost any part of the body, which include brain and spinal cord, bones and joints, breasts, heart and blood vessels, and others. The report would be of an interest to various stakeholders operating in the magnetic resonance imaging market. These stakeholders include hospitals, diagnostic centers, research institutes, academic institutes, medical device suppliers, market research and consulting firms.

The objective of the study is to describe, define, and forecast the magnetic resonance imaging market by field strength, architecture, application, end user, and region. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall market.

The report analyzes factors affecting magnetic resonance imaging market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions. The report also includes the profiles of key magnetic resonance imaging manufacturing companies along with their SWOT analysis and market strategies.

Geographically World Magnetic Resonance Imaging Market can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and South and Central America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Magnetic Resonance Imaging Market will drive growth in the North American market over the next few years.

In the last section of the report, the companies responsible for increasing the sales in the Magnetic Resonance Imaging Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.

Report Highlights:
Comprehensive overview of parent market & substitute market
Changing market dynamics in the industry (COVID & Economic Impact Analysis)
In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
Recent industry trends and development activity
Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)

Points Covered in Table of Content of Magnetic Resonance Imaging Market:

  • Introduction
  • Key Takeaways
  • Research Methodology
  • Magnetic Resonance Imaging Market Landscape
  • Magnetic Resonance Imaging Market – Key Market Dynamics
  • Magnetic Resonance Imaging Market – Global Market Analysis
  • Magnetic Resonance Imaging Market – Revenue and Forecasts to 2025 – Product Type
  • Magnetic Resonance Imaging Market – Revenue and Forecasts to 2025 – Application
  • Magnetic Resonance Imaging Market – Revenue and Forecasts to 2025 – Compound
  • Magnetic Resonance Imaging Market Revenue and Forecasts to 2025 – Geographical Analysis
  • Industry Landscape
  • Magnetic Resonance Imaging Market, Key Company Profiles
  • Appendix

Key questions answered:
Who are the Leading key players and what are their Key Business plans in the Magnetic Resonance Imaging Market?
What are the key concerns of the five forces analysis of the Magnetic Resonance Imaging Market?
What are different prospects and threats faced by the dealers in the Magnetic Resonance Imaging market?
What possible measures players are taking to overcome and stabilize the situation?

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Prashant Tambe
Prashant Tambe
An expert in SEO, Prashant carries an experience of over five years in the industry. He has the ability to analyze global industry trends that helps the leaders to make smarter decisions. An electrical, electronics and communication engineer, Prashant is able to predict future trends as they are changing fast with technological development.