Market Overview:
The global magnetic resonance imaging scanners market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in MRI scanners. Based on type, the global magnetic resonance imaging scanners market is segmented into fully automatic and semi-automatic MRI scanners. The fully automatic MRI scanner segment is expected to grow at a higher CAGR than the semi-automatic MRI scanner segment during the forecast period from 2018 to 2030. This can be attributed to its growing demand for diagnostic purposes across hospitals and medical centers worldwide. Based on application, the global magnetic resonance imaging scanners market is divided into hospital applications, medical center applications, and other applications such as research institutes and veterinary clinics. The hospital application segment dominates this market owing to its high usage rates for diagnosis of various chronic diseases in patients across different age groups globally.
Product Definition:
MRI scanners use powerful magnets and radio waves to create images of the inside of the body. MRI scans are used to diagnose a wide range of medical conditions, including cancer, heart disease and stroke.
Fully Automatic:
Fully automatic is a term used to define equipment that performs an entire sequence of steps without the need for operator intervention. The fully automatic technique is widely used in Magnetic Resonance Imaging (MRI) scanners as it provides high-quality images with minimal patient exposure to radiation.
Advantages of using FA in MRI scanners over the traditional techniques include reduced image artifacts, improved spatial and contrast resolution, and faster scanning time.
Semi Automatic:
Semi-automatic Magnetic Resonance Imaging scanners are those devices which can be used by a radiologist without any specific training. These devices have pre-programmed settings and can scan a certain range of images. The main aim of these scanners is to provide quality diagnostic imaging services with the help of software algorithms, which helps in enhancing the efficiency and accuracy level.
Application Insights:
The others application segment held the largest share of over 50.0% in 2017. MRI scanners are widely used for preclinical imaging as well as clinical research applications due to their ability to generate high-quality images with low radiation exposure and cost-effective hardware & software. The hospital application segment is expected to grow at a lucrative CAGR during the forecast period owing to increasing adoption of these devices for patient diagnosis, preoperative planning, and postoperative monitoring.
Magnetic resonance imaging (MRI) provides detailed information regarding soft tissue such as bone, cartilage, ligaments, tendons & muscles tissues that may be difficult or impossible to see using other diagnostic techniques such as X-ray or ultrasound because they are not strongly influenced by electric fields or radiofrequency radiation exposure.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for diagnostic services. Moreover, rising prevalence of chronic diseases such as cancer and brain tumor is expected to drive the regional growth over the forecast period. In addition, growing number of research studies conducted using MRI scanners is anticipated to propel product demand in North America during the forecast period.
Asia Pacific is expected to witness lucrative growth over the coming years owing to increasing geriatric population base that requires long-term care and rehabilitation therapies coupled with growing medical tourism industry in emerging economies such as India and China.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Magnetic Resonance Imaging Scanners are used to obtain images of the body's interior without having to make a large incision. This makes them an ideal choice for minimally invasive surgeries, which are becoming increasingly popular.
- Advances in technology: Magnetic Resonance Imaging Scanners are constantly evolving, with new features and capabilities being added all the time. This means that healthcare professionals can get more value from them with each passing year.
- Growing awareness of their benefits: More and more people are becoming aware of the benefits that Magnetic Resonance Imaging Scanners offer over other imaging technologies such as X-rays and CT scans. As a result, demand is growing rapidly both in developed and developing countries alike.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Resonance Imaging Scanners Market Research Report
By Type
Fully Automatic, Semi Automatic
By Application
Hospital, Medical Center, Others
By Companies
GE, Siemens, Philips, Toshiba, Hitachi, ESAOTE, SciMedix, Paramed, Neusoft, Xingaoyi, GE, Huarun Wandong, Alltech
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Resonance Imaging Scanners Market Report Segments:
The global Magnetic Resonance Imaging Scanners market is segmented on the basis of:
Types
Fully Automatic, Semi Automatic
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, Medical Center, Others
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:
- GE
- Siemens
- Philips
- Toshiba
- Hitachi
- ESAOTE
- SciMedix
- Paramed
- Neusoft
- Xingaoyi
- GE
- Huarun Wandong
- Alltech
Highlights of The Magnetic Resonance Imaging Scanners 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:
- Fully Automatic
- Semi Automatic
- By Application:
- Hospital
- Medical Center
- Others
- 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 Magnetic Resonance Imaging Scanners 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.
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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?
Magnetic resonance imaging scanners use a strong magnetic field and radio waves to create detailed images of the body. These scans can be used to diagnose medical conditions or injuries, as well as assess treatment options.
Some of the major companies in the magnetic resonance imaging scanners market are GE, Siemens, Philips, Toshiba, Hitachi, ESAOTE, SciMedix, Paramed, Neusoft, Xingaoyi, GE, Huarun Wandong, Alltech.
The magnetic resonance imaging scanners 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 Magnetic Resonance Imaging Scanners 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 Magnetic Resonance Imaging Scanners Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic Resonance Imaging Scanners 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 Magnetic Resonance Imaging Scanners 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 Magnetic Resonance Imaging Scanners Market Size & Forecast, 2020-2028
4.5.1 Magnetic Resonance Imaging Scanners Market Size and Y-o-Y Growth
4.5.2 Magnetic Resonance Imaging Scanners 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 Fully Automatic
5.2.2 Semi Automatic
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 Medical Center
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic Resonance Imaging Scanners 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 Magnetic Resonance Imaging Scanners 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 Fully Automatic
9.6.2 Semi Automatic
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 Medical Center
9.10.3 Others
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 Fully Automatic
10.6.2 Semi Automatic
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 Medical Center
10.10.3 Others
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 Fully Automatic
11.6.2 Semi Automatic
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 Medical Center
11.10.3 Others
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 Fully Automatic
12.6.2 Semi Automatic
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 Medical Center
12.10.3 Others
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 Fully Automatic
13.6.2 Semi Automatic
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 Medical Center
13.10.3 Others
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 Magnetic Resonance Imaging Scanners Market: Competitive Dashboard
14.2 Global Magnetic Resonance Imaging Scanners Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE
14.3.2 Siemens
14.3.3 Philips
14.3.4 Toshiba
14.3.5 Hitachi
14.3.6 ESAOTE
14.3.7 SciMedix
14.3.8 Paramed
14.3.9 Neusoft
14.3.10 Xingaoyi
14.3.11 GE
14.3.12 Huarun Wandong
14.3.13 Alltech
