Global MRI System Market Outlook 2017-2022

The global MRI System market is anticipated to rise at a significant pace during the forecast period. MRI stands for medical resonance imaging. It is a medical imaging technique that archives modifications in magnetic fields. It can also be called as nuclear magnetic resonance and enables different kind of images generated through pulse sequence. It is completely capable of performing a whole body scan, but usually used for brain. MRI scanning is highly safe for most patients, but those with a claustrophobic conditions and non-MRI compatible are likely to prevent any scanning.

MRI system market is driven by rise in technological developments with increased adoption of high-field MRI systems. Rise in geriatric population with chronic ailments triggers the market growth during the forecast period. Reduced application, higher image quality and reasonable pricing scenario is pushing the market towards robust growth during the forecast period. However, technical costs coupled with operational costs slightly hampers the market growth during the forecast period.

MRI System market is segmented by architecture that comprises open and closed MRI systems. Closed systems are further bifurcated as standard bore and wide bore. By field strength, the MRI system market is segmented into low-to mid-field, high field and very high field. 

Geographical segmentation for MRI system market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the international market with a high contribution towards advanced healthcare facilities and high healthcare spending. In addition, the rise in geriatric population in this region also accounts for a significant market share due to rise in adoption for MRI systems. 

Asia-Pacific regions are most likely to gain a significant CAGR during the forecast period owing to high growth rate and untapped potential in these regions. Growing geriatric population is a major reason for the enhanced growth rate. The key players profiled in the MRI system market report are Siemens Healthineers, Phillips, GE Healthcare, and Canon Medical Systems.

The global market for MRI system will grow at a CAGR of 7.1% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of product (open MRI system, closed MRI system, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the MRI system market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the MRI system market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the MRI system market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global MRI system market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the open MRI system and closed MRI system. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global MRI system market.

Key Products
- Open MRI system
- Closed MRI system

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- GE Healthcare
- Philips Healthcare
- Siemens Healthineers
- Canon
- Advanced Imaging Research
- Biophan Technologies
- Bruker
- Esaote
- Fonar
- Hitachi Medical Systems
- Mindray
- Neusoft
- Ningbo Jansen NMR Technology
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Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global MRI system market?
- What are the challenges to market growth?
- Who are the key players in the MRI system market?
- What are the market opportunities and threats faced by the key players?