Global $7 Billion Magnetic Resonance Imaging (MRI) Systems Market 2018-2023 - Analysis by Architecture and Field Strength - ResearchAndMarkets.com

DUBLIN--()--The "Magnetic Resonance Imaging (MRI) Systems Market by Architecture (Open MRI Systems and Closed MRI Systems (Standard Bore and Wide Bore)), Field Strength (Low-to-mid Field, High-field (1.5T and 3T), and Very-high Field) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global MRI system market is projected to reach USD 7.09 Billion by 2023 from USD 5.85 Billion in 2018, at a CAGR of 3.9%.

Some key factors driving market growth include the increasing geriatric population, rising awareness about the benefits of early diagnosis, and the introduction of technologically advanced MRI systems with better image quality and high throughput. Factors such as novel application areas such as detection of metastasis in cancer, hybrid MRI systems and emerging markets are expected to offer lucrative growth opportunities for players in the MRI systems market.

In this report, the global MRI system market is segmented by architecture, field strength, and region. Based on architecture, the MRI systems market is segmented into closed and open MRI systems. The closed MRI systems segment is further divided into standard bore and wide bore MRI systems. In 2017, the closed MRI systems segment accounted for the largest share of the MRI system market. The large share of this segment is attributed to the high-field strength of these systems enabling higher image quality and throughput. The wide bore closed MRI systems segment is expected to grow at the fastest rate owing to their capability to accommodate larger patients.

Based on field strength, the MRI systems market is segmented into low-field (<1.5T), high-field (1.5T-3T), and very-high field (4T and above). In 2017, the high-field MRI systems segment accounted for the largest share of the global MRI system market. The high-field MRI systems segment is further divided into 1.5T MRI systems and 3T MRI systems. The 3T MRI systems accounted for the larger share by value in the MRI systems market by field strength owing to its better imaging quality than 1.5T machines. The very-high-field MRI system market is expected to grow at the fastest rate with the FDA and CE mark approval of the newly launched MAGNETOM Terra 7T machines by Siemens Healthineers or clinical use.

The major players in the global MRI system market include GE Healthcare (US), Siemens Healthineers (Germany), Philips (Netherlands), Canon Medical Systems (Japan), and Hitachi (Japan).

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 MRI Systems Market, By Field Strength

7 MRI Systems Market, By Architecture

8 MRI Systems Market, By Region

9 Competitive Landscape

10 Company Profiles

  • Aspect Imaging
  • Aurora Imaging Technology
  • Bruker
  • Canon Medical Systems
  • Esaote S.P.A
  • Fonar
  • GE Healthcare
  • Hitachi
  • Neusoft Medical Systems
  • Philips
  • Shenzhen Mindray Bio-Medical Electronics
  • Siemens Healthineers

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Related Topics: Magnetic Resonance Imaging (MRI)

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Magnetic Resonance Imaging (MRI)