Market Overview:
The global medical MRI equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in medical imaging equipment. Based on type, the global medical MRI equipment market is segmented into magnet system, RF system, and computer imaging system. The magnet system segment is expected to account for the largest share of the global medical MRI equipment market in 2018. This segment is also projected to grow at a CAGR of 6.8% during the forecast period from 2018 to 2030 due to its growing demand for high-field MRIs and rising demand for 3T and above MRIs across hospitals and clinics worldwide. Based on application, the global medical MRI equipment market is divided into hospital and clinic segments. The hospital segment accounted for majority share (78%) of total revenue generated by this market in 2017; however, it is projected that this share will decline marginally by 2030 owing declining prices across developed countries such as UASAand Canada coupled with increased adoption rates across developing countries such as Chinaand India . On contrary ,the clinic Segment Is Expected To Register Highest Cagr Of 7 % During Forecast Period . Some Of The Major Players In Global Medical Mri Equipment Market Are GE Healthcare (U K) Ltd.
Product Definition:
The term MRI stands for Magnetic Resonance Imaging. The MRI machine uses a large magnet, radio waves and a computer to create detailed images of the inside of the body. These images can be used to diagnose medical conditions.
Magnet System:
Magnet system is used in medical equipment which includes MRI (magnetic resonance imaging) devices. It helps in providing accurate diagnosis and effective treatment to patients suffering from various diseases or injuries. The global magnet system market is expected to grow at a significant rate over the forecast period owing to increasing incidences of chronic diseases, rising demand for non-invasive surgeries, and growing awareness about these procedures among people across the globe.
RF System:
The RF system is an electromagnetic technology that generates and controls magnetic fields. It is used in medical MRI equipment for the purpose of scanning or imaging. The RF system comprises of components such as a power supply, control console, RF coil, and scanner itself.
RF systems are extensively used in medical devices such as CT scanners & angiography equipment due to their ability to provide high-resolution images with less radiation exposure which makes them safer for patients & doctors.
Application Insights:
Based on application, the global medical MRI equipment market has been segmented into hospital and clinic. The hospital segment dominated the overall market in 2017 due to a large patient base that requires diagnostic imaging for various medical conditions. Furthermore, an increasing number of hospitals and diagnostic centers coupled with growing government funding for the same is expected to drive demand over the forecast period.
The Clinic segment is anticipated to exhibit lucrative growth during the forecast period owing to rising awareness about alternative methods of diagnosing diseases as well as treatment options other than conventional x-ray procedures. Increasingly complex care needs across multiple body systems require highly skilled professionals who are capable of making accurate diagnoses based on physical examination and history taking along with advanced imaging techniques such as MRI scan which provides more information regarding disease process than conventional x-ray does.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing adoption of advanced technologies are some factors driving the growth. In addition, growing demand for diagnostic imaging to manage patient care is expected to drive regional demand during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising medical tourism and improving healthcare infrastructure in emerging countries such as India and China. Moreover, an increase in government initiatives aimed at reducing treatment costs coupled with a rise in disposable income will boost market development during this period.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The medical MRI equipment market is expected to benefit from the increasing demand for minimally invasive surgeries. This is because MRI equipment offers high-resolution images that are necessary for such procedures.
- Technological advancements: The medical MRI equipment market is expected to benefit from the ongoing technological advancements in this field. This is because new and improved MRI machines offer better image quality and accuracy, which helps in improving patient outcomes.
- Rising prevalence of chronic diseases: The medical MRI equipment market is expected to benefit from the rising prevalence of chronic diseases such as cancer, Alzheimer’s disease, and heart disease across the world. This is because MRIs are often used for diagnosing these conditions accurately.
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical MRI Equipment Market Research Report
By Type
Magnet System, RF System, Computer Imaging System
By Application
Hospital, Clinic
By Companies
SIEMENS, PHILIPS, GE, Toshiba, Hitachi, Xingaoyi, Fonar, Scimedix, Paramed, Huarun Wandong, SIEMENS, Shenyang Neusoft, Mti Group, Alltech, Mindray, Basda, Jiaheng Medical, Colorful, Xian Landoom, Kampo, Xinaomdt, United Imaging, Esaote, Time Medical, Imris
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Medical MRI Equipment Market Report Segments:
The global Medical MRI Equipment market is segmented on the basis of:
Types
Magnet System, RF System, Computer Imaging System
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
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:
- SIEMENS
- PHILIPS
- GE
- Toshiba
- Hitachi
- Xingaoyi
- Fonar
- Scimedix
- Paramed
- Huarun Wandong
- SIEMENS
- Shenyang Neusoft
- Mti Group
- Alltech
- Mindray
- Basda
- Jiaheng Medical
- Colorful
- Xian Landoom
- Kampo
- Xinaomdt
- United Imaging
- Esaote
- Time Medical
- Imris
Highlights of The Medical MRI Equipment 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:
- Magnet System
- RF System
- Computer Imaging System
- By Application:
- Hospital
- Clinic
- 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 Medical MRI Equipment 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:
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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?
Medical MRI equipment is a type of medical imaging equipment that uses magnetic resonance to produce images of the body. Medical MRI can be used to diagnose and treat medical conditions.
Some of the key players operating in the medical mri equipment market are SIEMENS, PHILIPS, GE, Toshiba, Hitachi, Xingaoyi, Fonar, Scimedix, Paramed, Huarun Wandong, SIEMENS, Shenyang Neusoft, Mti Group, Alltech, Mindray, Basda, Jiaheng Medical, Colorful, Xian Landoom, Kampo, Xinaomdt, United Imaging, Esaote, Time Medical, Imris.
The medical mri equipment market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical MRI Equipment 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 Medical MRI Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical MRI Equipment 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 Medical MRI Equipment 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 Medical MRI Equipment Market Size & Forecast, 2018-2028
4.5.1 Medical MRI Equipment Market Size and Y-o-Y Growth
4.5.2 Medical MRI Equipment Market Absolute $ Opportunity
Chapter 5 Global Medical MRI Equipment 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 Medical MRI Equipment Market Size Forecast by Type
5.2.1 Magnet System
5.2.2 RF System
5.2.3 Computer Imaging System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Medical MRI Equipment 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 Medical MRI Equipment Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical MRI Equipment 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 Medical MRI Equipment 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 Medical MRI Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Medical MRI Equipment 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 Medical MRI Equipment Market Size Forecast by Type
9.6.1 Magnet System
9.6.2 RF System
9.6.3 Computer Imaging System
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 Medical MRI Equipment Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
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 Medical MRI Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Medical MRI Equipment 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 Medical MRI Equipment Market Size Forecast by Type
10.6.1 Magnet System
10.6.2 RF System
10.6.3 Computer Imaging System
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 Medical MRI Equipment Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
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 Medical MRI Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Medical MRI Equipment 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 Medical MRI Equipment Market Size Forecast by Type
11.6.1 Magnet System
11.6.2 RF System
11.6.3 Computer Imaging System
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 Medical MRI Equipment Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
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 Medical MRI Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Medical MRI Equipment 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 Medical MRI Equipment Market Size Forecast by Type
12.6.1 Magnet System
12.6.2 RF System
12.6.3 Computer Imaging System
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 Medical MRI Equipment Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
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) Medical MRI Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Medical MRI Equipment 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) Medical MRI Equipment Market Size Forecast by Type
13.6.1 Magnet System
13.6.2 RF System
13.6.3 Computer Imaging System
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) Medical MRI Equipment Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
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 Medical MRI Equipment Market: Competitive Dashboard
14.2 Global Medical MRI Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SIEMENS
14.3.2 PHILIPS
14.3.3 GE
14.3.4 Toshiba
14.3.5 Hitachi
14.3.6 Xingaoyi
14.3.7 Fonar
14.3.8 Scimedix
14.3.9 Paramed
14.3.10 Huarun Wandong
14.3.11 SIEMENS
14.3.12 Shenyang Neusoft
14.3.13 Mti Group
14.3.14 Alltech
14.3.15 Mindray
14.3.16 Basda
14.3.17 Jiaheng Medical
14.3.18 Colorful
14.3.19 Xian Landoom
14.3.20 Kampo
14.3.21 Xinaomdt
14.3.22 United Imaging
14.3.23 Esaote
14.3.24 Time Medical
14.3.25 Imris
