Market Overview:
The global cardiovascular magnetic resonance imaging (MRI) market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of cardiovascular diseases, technological advancements in MRI systems, and rising demand for minimally invasive procedures. The global cardiovascular MRI market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into open MRI and closed MRI. Closed MRI systems are more popular than open MRI systems owing to their high image quality and low noise levels. On the basis of application, the market is segmented into hospitals, clinics, diagnostic imaging centers, and other applications such as research institutes and academic medical centers. The hospitals segment dominates this market due to increasing number of cardiac patients requiring diagnosis or treatment procedures such as angiography or percutaneous coronary intervention (PCI).
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Product Definition:
A cardiovascular magnetic resonance imaging (MRI) is a test that uses powerful magnets and radio waves to create pictures of the heart and blood vessels. Cardiovascular MRI can be used to diagnose heart disease, valvular heart disease, and other conditions.
Open MRI:
Open MRI is a new technology that allows non-magnetic imaging of the body without any restrictions. It uses open MRI systems which are less expensive and have more flexibility than closed system. The technology has been around for about 10 years but due to various technical issues was not implemented in cardiac or vascular imaging.
Closed MRI:
Closed MRI is a type of MRI that uses powerful magnetic fields and radio waves to obtain detailed images of organs, tissues, and bones. The machine has high-resolution capabilities than open MRI. It also helps in reducing the exposure time required for imaging as it does not use external shielding or anesthesia during the scanning process. Closed systems are more expensive than open ones; hence they are used when higher quality and accuracy is needed.
Application Insights:
The hospital application segment accounted for the largest share of more than 60.0% in 2017. The increasing prevalence of cardiovascular diseases and growing awareness about the availability of advanced diagnostic techniques are factors contributing to the large share held by this segment. In addition, a rise in government initiatives such as National Cholesterol Education Program (NCEP) and Heart Foundation to promote early diagnosis is expected to boost market growth over the forecast period.
The other application segment includes research institutes, educational institutions and private clinics/hospitals.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of well-established healthcare facilities, availability of advanced products and devices, higher adoption rate of novel technologies among patients, and government initiatives for raising awareness about cardiovascular diseases. For instance, as per a research published by National Institutes of Health (NIH), in 2015 around 29 million people had some form of cardiovascular disease in the U.S., which includes 11 million people who were suffering from heart failure or cardiac arrest scarely happen during sleep that required immediate attention.
Growth Factors:
- Increasing incidence of cardiovascular diseases (CVDs)
- Growing demand for minimally invasive procedures
- Technological advancements in MRI systems
- Rising awareness about the benefits of CMR imaging
- Growing number of cardiac specialists
Scope Of The Report
Report Attributes
Report Details
Report Title
Cardiovascular Magnetic Resonance Imaging (MRI) Market Research Report
By Type
Open MRI, Closed MRI
By Application
Hospital, Clinic, Diagnostic Imaging Center, Other
By Companies
General Electric Company, Medtronic, Koninklijke Philips N.V, Siemens Healthcare, Canon Medical Systems Corporation, Bruker, Hitachi Medical Systems, Mindray, Neusoft Medical Systems, Ningbo Jansen NMR Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Cardiovascular Magnetic Resonance Imaging (MRI) Market Report Segments:
The global Cardiovascular Magnetic Resonance Imaging (MRI) market is segmented on the basis of:
Types
Open MRI, Closed MRI
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Diagnostic Imaging Center, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric Company
- Medtronic
- Koninklijke Philips N.V
- Siemens Healthcare
- Canon Medical Systems Corporation
- Bruker
- Hitachi Medical Systems
- Mindray
- Neusoft Medical Systems
- Ningbo Jansen NMR Technology
 Market Overview.svg)
Highlights of The Cardiovascular Magnetic Resonance Imaging (MRI) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Open MRI
- Closed MRI
- By Application:
- Hospital
- Clinic
- Diagnostic Imaging Center
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cardiovascular Magnetic Resonance Imaging (MRI) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cardiovascular magnetic resonance imaging (MRI) is a type of MRI that uses magnets to create detailed images of the heart and blood vessels. Cardiovascular MRI can help doctors diagnose heart problems, assess the effectiveness of treatments, and monitor patients during treatment.
Some of the key players operating in the cardiovascular magnetic resonance imaging (mri) market are General Electric Company, Medtronic, Koninklijke Philips N.V, Siemens Healthcare, Canon Medical Systems Corporation, Bruker, Hitachi Medical Systems, Mindray, Neusoft Medical Systems, Ningbo Jansen NMR Technology.
The cardiovascular magnetic resonance imaging (mri) market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cardiovascular Magnetic Resonance Imaging (MRI) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cardiovascular Magnetic Resonance Imaging (MRI) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cardiovascular Magnetic Resonance Imaging (MRI) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cardiovascular Magnetic Resonance Imaging (MRI) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cardiovascular Magnetic Resonance Imaging (MRI) Market Size & Forecast, 2020-2028
4.5.1 Cardiovascular Magnetic Resonance Imaging (MRI) Market Size and Y-o-Y Growth
4.5.2 Cardiovascular Magnetic Resonance Imaging (MRI) Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Open MRI
5.2.2 Closed MRI
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Diagnostic Imaging Center
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cardiovascular Magnetic Resonance Imaging (MRI) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cardiovascular Magnetic Resonance Imaging (MRI) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Open MRI
9.6.2 Closed MRI
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 Diagnostic Imaging Center
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Open MRI
10.6.2 Closed MRI
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 Diagnostic Imaging Center
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Open MRI
11.6.2 Closed MRI
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 Diagnostic Imaging Center
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Open MRI
12.6.2 Closed MRI
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 Diagnostic Imaging Center
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Open MRI
13.6.2 Closed MRI
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 Diagnostic Imaging Center
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cardiovascular Magnetic Resonance Imaging (MRI) Market: Competitive Dashboard
14.2 Global Cardiovascular Magnetic Resonance Imaging (MRI) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric Company
14.3.2 Medtronic
14.3.3 Koninklijke Philips N.V
14.3.4 Siemens Healthcare
14.3.5 Canon Medical Systems Corporation
14.3.6 Bruker
14.3.7 Hitachi Medical Systems
14.3.8 Mindray
14.3.9 Neusoft Medical Systems
14.3.10 Ningbo Jansen NMR Technology
