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Report
Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets
Market Research Report I 2024-04-10 I 98 Pages I BCC Research
Description
Report Scope
This report provides information on the medical MRI market regarding science, revenues, technology innovations, key manufacturers and the competitive landscape. Market estimates are provided by considering new sales of MRI machines for human use only. A different report will discuss the market estimates for used and refurbished MRI devices.
The market was segmented based on architecture, field strength, application, end user and region. The architecture segment is divided into open, closed and extremity devices. The field strength segment is divided into four segments: low-medium field, high-field, very high field and ultra-high field MRI systems. The application areas segment is divided into spine MRI, brain MRI, vascular and cardiac MRI, extremities and musculoskeletal MRI, head and neck MRI, abdominal and pelvis MRI, whole-body MRI and others. The end-user segments are hospitals, diagnostic imaging laboratories and others. The regional segments are North America (i.e., the U.S. and Canada); Europe (i.e., Germany, the U.K., France, Italy, Spain, and the rest of Europe); Asia-Pacific (i.e., China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific) and Rest of the World (RoW) (i.e., the Middle East and Africa, and South America).
This report analyzes the market trends associated with MRI devices using data from 2022 as the base year and projections of compound annual growth rates through 2028 (i.e., the forecast period 2023 through 2028).
Report Includes
- 43 data tables and 36 additional tables
- Overview and an up-to-date analysis of the global markets for medical MRI systems
- Analyses of the global market trends, with historical revenue data (sales figures) from 2021 to 2022, estimates for 2023, forecasts for 2024, and projections of compound annual growth rates (CAGRs) through 2028
- Estimate of the current market size and revenue growth prospects, accompanied by a market share analysis by build architecture, magnetic field strength, application area, end user and region
- Facts and figures pertaining to the market growth drivers, opportunities and restraints, technology innovations, regulatory issues, prospects, and the impacts of various macroeconomic variables
- Highlights of emerging technologies in the medical MRI market, including recent developments and future opportunities
- Review of the Porter's five forces model and value and supply-chain analysis considering both micro- and macro environmental factors prevailing in the marketplace
- Discussion of sustainability trends and factors, with emphasis on consumer attitudes, ESG score analysis, the future of ESG, and the ESG practices followed by companies
- An analysis of recent patent grants and key patent publications
- Overview of the major vendors along with an analysis of the industry structure, including company market shares, recent M&A activity and venture funding outlook
- Analysis of the competitive landscape featuring company business segments, financials, product portfolios, and recent developments
- Company profiles of the major global players, including Siemens Healthineers AG, Koninklijke Philips N.V., GE Healthcare, Fujifilm Holdings Corp., and Canon Medical Systems Corp.
Executive Summary
Summary:
The global market for medical magnetic resonance imaging (MRI) is expected to grow from $7.2 billion in 2023 and projected to reach $9.8 billion by the end of 2028, at a compound annual growth rate (CAGR) of 6.4% during the forecast period of 2023 to 2028.
Table of Contents
Chapter 1 Executive Summary
Market Outlook
Scope of the Report
Market Insights
Chapter 2 Market Overview
Overview
Components of an MRI System
MRI Coils
Overview
MRI Coil Design
MRI Coil Prices
Chapter 3 Market Dynamics
Market Dynamics Snapshot
Market Drivers
Increasing Demand for Advanced Imaging Technologies
Rising Global Geriatric Population
Growing Prevalence of Chronic Diseases
Increasing Healthcare Spending
Market Restraints
High Cost of MRI Systems
Reduced Public Insurance Refunds
Declining Helium Gas Reserves and Production
Market Opportunities
Adoption of Artificial Intelligence in MRI Devices
Hybrid MRI Systems
Chapter 4 Market Segmentation Analysis
Segmentation Breakdown
Market Segmentation by Architecture
Closed MRI Systems
Open MRI Systems
Extremity MRI Systems
Market Segmentation by Field Strength
Market Segmentation
Market Analysis
Market Segmentation by Application
Market Analysis
Market Segmentation by End User
Market Analysis
Geographic Breakdown
Market Segmentation by Region
North America
Asia-Pacific
Europe
Rest of the World
Chapter 5 Emerging Technologies and Development
Newest Technologies
Emerging Technologies
Chapter 6 Competitive Intelligence
Industry Scenario
Factors Controlling the Market
Market Share Analysis
Funding Outlook
Strategic Alliances
Chapter 7 Sustainability in the MRI Industry: An ESG Perspective
Overview
Sustainability and Medical Imaging
Reducing Energy Consumption in Radiology
Optimizing MRI Innovation and Sustainability Efforts
Conclusion
Chapter 8 Appendix
Methodology
Abbreviations
References
Company Profiles
ALLTECH MEDICAL SYSTEMS LLC
AURORA HEALTHCARE U.S. CORP.
CANON MEDICAL SYSTEMS CORP.
ESAOTE SPA
FONAR CORP.
FUJIFILM HOLDINGS CORP.
GE HEALTHCARE
KONINKLIJKE PHILIPS N.V.
MEDONICA CO. LTD.
SHENZHEN ANKE HIGH-TECH CO. LTD.
SIEMENS HEALTHINEERS AG
TIME MEDICAL HOLDING
List of Tables
Summary Table : Global Market for Medical Magnetic Resonance Imaging, by Region, Through 2028
Table 1 : Global MRI Coils Market and Volume Sold, Through 2028
Table 2 : List of Few Artificial Intelligence and Machine Learning (AI/ML)-Enabled MRI Devices
Table 3 : Global Market for MRI Systems, by Architecture, Through 2028
Table 4 : Global Market for Closed MRI Systems, by Region, Through 2028
Table 5 : Global Market for Open MRI Systems, by Region, Through 2028
Table 6 : Global Market for Extremity MRI Systems, by Region, Through 2028
Table 7 : Global Market for MRI Systems, by Field Strength, Through 2028
Table 8 : Global Market for MRI Systems, by Application, Through 2028
Table 9 : Global Market for Spine MRI, by Region, Through 2028
Table 10 : Global Market for Brain MRI, by Region, Through 2028
Table 11 : Global Market for Vascular and Cardiac MRI, by Region, Through 2028
Table 12 : Global Market for Extremities and Musculoskeletal MRI, by Region, Through 2028
Table 13 : Global Market for Head and Neck MRI, by Region, Through 2028
Table 14 : Global Market for Abdominal and Pelvis MRI, by Region, Through 2028
Table 15 : Global Market for Whole Body MRI, by Region, Through 2028
Table 16 : Global Market for MRI in Other Applications, by Region, Through 2028
Table 17 : Global Market for MRI Systems by End User, Through 2028
Table 18 : MRI Exams in Select Countries, 2015-2020
Table 19 : Global Market for MRI Systems, by Region, Through 2028
Table 20 : North American Market for MRI Systems, by Country, Through 2028
Table 21 : North American Market for MRI Systems, by Architecture, Through 2028
Table 22 : North American Market for MRI Systems, by Field Strength, Through 2028
Table 23 : North American Market for MRI Systems, by Application, Through 2028
Table 24 : North American Market for MRI Systems, by End User, Through 2028
Table 25 : Asia-Pacific Market for MRI Systems, by Country, Through 2028
Table 26 : Asia-Pacific Market for MRI Systems, by Architecture, Through 2028
Table 27 : Asia-Pacific Market for MRI Systems, by Field Strength, Through 2028
Table 28 : Asia-Pacific Market for MRI Systems, by Application, Through 2028
Table 29 : Asia-Pacific Market for MRI Systems, by End User, Through 2028
Table 30 : European Market for MRI Systems, by Country, Through 2028
Table 31 : European Market for MRI Systems, by Architecture, Through 2028
Table 32 : European Market for MRI Systems, by Field Strength, Through 2028
Table 33 : European Market for MRI Systems, by Application, Through 2028
Table 34 : European Market for MRI Systems, by End User, Through 2028
Table 35 : Rest of the World Market for MRI Systems, by Architecture, Through 2028
Table 36 : Rest of the World Market for MRI Systems, by Field Strength, Through 2028
Table 37 : Rest of the World Market for MRI Systems, by Application, Through 2028
Table 38 : Rest of the World Market for MRI Systems, by End User, Through 2028
Table 39 : Companies Involved and Median Deal Size, by Year, 2019-2023
Table 40 : Top Deals in the MRI Industry, 2021-February 2024
Table 41 : Major Strategic Alliances in the MRI Industry, 2021-2023
Table 42 : Abbreviations Used in the Global Medical MRI Market
Table 43 : Alltech Medical Systems LLC: Company Snapshot
Table 44 : Alltech Medical Systems LLC: Product Portfolio
Table 45 : Aurora Healthcare U.S. Corp.: Company Snapshot
Table 46 : Aurora Healthcare U.S. Corp.: Product Portfolio
Table 47 : Aurora Healthcare U.S. Corp.: News/Key Developments, 2021
Table 48 : Canon Medical Systems Corp.: Company Snapshot
Table 49 : Canon Medical Systems Corp.: Product Portfolio
Table 50 : Esaote SpA: Company Snapshot
Table 51 : Esaote SpA: Product Portfolio
Table 52 : Esaote SpA: News and Key Developments, 2021
Table 53 : Fonar Corp: Company Snapshot
Table 54 : Fonar Corp: Financial Performance, FY 2021 and 2022
Table 55 : Fonar Corp: Product Portfolio
Table 56 : Fonar Corp: News and Key Developments, 2023
Table 57 : Fujifilm Holdings Corp.: Company Snapshot
Table 58 : Fujifilm Holdings Corp.: Financial Performance, FY 2021 and 2022
Table 59 : Fujifilm Holdings Corp.: Product Portfolio
Table 60 : Fujifilm Holdings Corp.: News and Key Developments, 2021-2023
Table 61 : GE HealthCare: Company Snapshot
Table 62 : GE HealthCare: Financial Performance, FY 2021 and 2022
Table 63 : GE HealthCare: Product Portfolio
Table 64 : GE HealthCare: News and Key Developments, 2022 and 2023
Table 65 : Koninklijke Philips N.V.: Company Snapshot
Table 66 : Koninklijke Philips N.V.: Financial Performance, FY 2021 and 2022
Table 67 : Koninklijke Philips N.V.: Product Portfolio
Table 68 : Koninklijke Philips N.V.: News and Key Developments, 2023
Table 69 : Medonica Co. Ltd.: Company Snapshot
Table 70 : Medonica Co. Ltd.: Product Portfolio
Table 71 : Shenzhen Anke High-Tech Co. Ltd.: Company Snapshot
Table 72 : Shenzhen Anke High-Tech Co. Ltd: Product Portfolio
Table 73 : Siemens Healthineers AG: Company Snapshot
Table 74 : Siemens Healthineers AG: Financial Performance, FY 2021 and 2022
Table 75 : Siemens Healthineers AG: Product Portfolio
Table 76 : Siemens Healthineers AG: News and Key Developments, 2023
Table 77 : Time Medical Holding: Company Snapshot
Table 78 : Time Medical Holding: Product Portfolio
List of Figures
Summary Figure : Global Market Shares of Medical Magnetic Resonance Imaging, by Region, 2022
Figure 1 : MRI Scanner Components Schematic Diagram
Figure 2 : MRI Coil Development Process
Figure 3 : Market Dynamics of Global Medical Magnetic Resonance Imaging Technologies Market
Figure 4 : Historical and Projected Global Geriatric Population, 2000-2050
Figure 5 : Top Countries Healthcare Expenditure Per Capita, 2022
Figure 6 : Global Market Shares of MRI Systems, by Architecture, 2022
Figure 7 : Global Market for Closed MRI Systems, by Region, 2020-2028
Figure 8 : Global Market for Open MRI Systems, by Region, 2020-2028
Figure 9 : Global Market for Extremity MRI Systems, by Region, 2020-2028
Figure 10 : Global Market Shares of MRI Systems, by Field Strength, 2022
Figure 11 : Global Market Shares of MRI Systems, by Application, 2022
Figure 12 : Global Market Shares of MRI Systems, by End-User, 2028
Figure 13 : North American Market Shares of MRI Systems, by Country, 2022
Figure 14 : Asia-Pacific Market Shares of MRI Systems, by Country, 2022
Figure 15 : Total Magnetic Resonance Imaging Units in European Countries, 2021
Figure 16 : European Market Shares of MRI Devices, by Country, 2022
Figure 17 : Global Market Shares of MRI Systems, by Company Revenue, 2022
Figure 18 : Venture Capital Deals in MRI Industry, by Year, 2013-2023
Figure 19 : Power Consumption in MRI Scanner Modes
Figure 20 : Fonar Corp: Revenue Shares, by Business Unit, FY 2022
Figure 21 : Fujifilm Holdings Corp.: Revenue Shares, by Business Unit, FY 2022
Figure 22 : Fujifilm Holdings Corp.: Revenue Shares, by Country or Region, FY 2022
Figure 23 : GE HealthCare: Revenue Shares, by Business Unit, FY 2022
Figure 24 : GE HealthCare: Revenue Shares, by Country or Region, FY 2022
Figure 25 : Koninklijke Philips N.V.: Revenue Shares, by Business Unit, FY 2022
Figure 26 : Koninklijke Philips N.V.: Revenue Shares, by Country/Region, FY 2022
Figure 27 : Siemens Healthineers AG: Revenue Shares, by Business Unit, FY 2022
Figure 28 : Siemens Healthineers AG: Revenue Shares, by Country or Region, FY 2022
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