Magnetic Resonance Imaging Systems Devices And Equipment Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope

Magnetic resonance imaging (MRI) systems are imaging machines used to form pictures of inflammation or infection in an organ, degenerative diseases, strokes, musculoskeletal disorders, tumors, and other irregularities that exist in tissue or organs in a body. MRI systems use a fixed or static magnetic field and radio frequency signals to visualize anatomy, tissue characteristics, vascular flow, the chemical composition of tissues, and perfusion and diffusion of tissues.

Sizing and Forecast

The magnetic resonance imaging systems devices and equipment market size has grown strongly in recent years. It will grow from $9.4 billion in 2023 to $10.23 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to diagnostic imaging advancements, aging population, trauma and emergency care, oncology and cancer diagnosis.

The magnetic resonance imaging systems devices and equipment market size is expected to see strong growth in the next few years. It will grow to $13.92 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to emerging markets growth, regulatory support, radiation reduction, value-based healthcare. Major trends in the forecast period include high-field and ultra-high-field mri, cardiac mri, musculoskeletal mri, hybrid imaging.

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Segmentation & Regional Insights

The magnetic resonance imaging systems devices and equipment market covered in this report is segmented –

1) By Type: Close MRI, Open MRI

2) By Application: Oncology, Neurology, Cardiology, Inflamatory and Infectious Diseases, Other Applications

3) By End User: Hospitals, Imaging centers, Ambulatory surgical centers

Western Europe was the largest region in the global magnetic resource imaging devices and equipment market in 2023. North America was the second-largest region in global magnetic resource imaging devices and equipment market. The regions covered in the magnetic resonance imaging systems devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Major Driver Impacting Market Growth

Changes in lifestyle, technological advancement, and the increase in the number of chronic diseases are increasing the demand for diagnostics, driving the growth of MRI systems market. Magnetic resonance imaging (MRI) systems are used to produce three-dimensional detailed anatomical images of the human body facilitating diagnosis, disease detection, and treatment monitoring. The rising health concerns are increasing the demand for medical imaging technologies in healthcare centres for diagnosis. For instance, in India, 150,000 health and wellness centres with a budget of $ 1.8 billion enable the healthcare system more accessible. Increasing health consciousness and the importance of health insurance are also causing significant growth in the market.

Key Industry Players

Major companies operating in the magnetic resonance imaging systems devices and equipment market include Siemens Healthineers, GE Healthcare, Philips Healthcare, Hitachi Ltd., Canon Medical Systems, Esaote S.p.A, Bruker Corporation, Fonar Corporation, Neusoft Medical Systems Co. Ltd., Time Medical Systems, Aurora Imaging Technology, AllTech Medical Systems, Magnetica, Tomtec Imaging Systems GMBH, Sanrad Medical Systems Pvt. Ltd., Agilent Technologies Inc., Analogic Corporation, Hologic Inc, IMRIS Inc., Innervision Mri, Medinus Co., Medtronic plc, Millennium Technology Inc., Mindray Medical International Ltd., MR Solutions, Toshiba Corporation, Koninklijke Philips N.V., Hyperfine

The magnetic resonance imaging systems devices and equipment market report table of contents includes:

Executive Summary
Magnetic Resonance Imaging Systems Devices And Equipment Market Characteristics
Magnetic Resonance Imaging Systems Devices And Equipment Market Trends And Strategies
Magnetic Resonance Imaging Systems Devices And Equipment Market – Macro Economic Scenario
Global Magnetic Resonance Imaging Systems Devices And Equipment Market Size and Growth

Global Magnetic Resonance Imaging Systems Devices And Equipment Market Competitive Benchmarking
Global Magnetic Resonance Imaging Systems Devices And Equipment Market Competitive Dashboard
Key Mergers And Acquisitions In The Magnetic Resonance Imaging Systems Devices And Equipment Market
Magnetic Resonance Imaging Systems Devices And Equipment Market Future Outlook and Potential Analysis
Appendix

Top Major Players: