Outlook on the Global Magnetic Resonance Imaging Industry to 2027 - Major Deals and Strategic Alliances - ResearchAndMarkets.com

DUBLIN--()--The "Magnetic Resonance Imaging Market Size, Share & Trends Analysis Report by Architecture, by Field Strength, by Application (Brain & Neurological, Vascular, Cardiac, Breast), by End Use, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.

The global magnetic resonance imaging market size is expected to reach USD 8.18 billion by 2027, registering a revenue-based CAGR of 5.9% during the forecast period. Rising prevalence of chronic diseases coupled with increasing demand for early diagnostic techniques is projected to drive the growth.

In addition, growing adoption of less invasive diagnostic procedures is contributing to the magnetic resonance imaging (MRI) market growth. Moreover, increasing number of clinical trials to understand the effectiveness and efficiency of MRI machines in various clinical applications is expected to boost the growth.

End-users, such as research institutes and universities are frequently studying the efficiency of MRI devices with high field strength such as 7T, 10T, and 10.5T. Growing number of research studies will help unlock the potential usage and advantages of high field MRI machines for various preclinical as well as clinical applications. Currently, 7T MRI machines are only effective in brain and knee imaging, largely due to the absence of advance coil required for these high field machines. Therefore, the development of advance coils to expand the application of 7T MRI machines is expected to propel the growth during the forecast period.

Further key findings from the report suggest:

  • Open system is anticipated to be the fastest growing segment during the forecast period due to its efficiency to accommodate patients of all sizes without them feeling claustrophobic
  • Magnetic resonance imaging (MRI) market for neurological and brain disorders held the dominant market share in 2019, largely due to high prevalence of neurological conditions and demand for less invasive diagnostic procedure
  • The high field MRI segment is expected to experience fastest growth over the forecast period, largely due to efficiency of the field strength to provide detailed diagnostic images
  • Ambulatory Surgical Centers (ASC) are expected to exhibit the fastest CAGR during the forecast period. Government initiatives to improve primary care is one of the major factor impacting the growth
  • In 2019, North America dominated the global MRI market in terms of revenue, owing to continuous research activities and high adoption of advanced techniques

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. Magnetic Resonance Imaging (MRI) Market Variables, Trends & Scope

3.1. Market Lineage Outlook

3.1.1. Parent market outlook

3.1.2. Related/ancillary market outlook

3.2. Penetration & Growth Prospect Mapping

3.3. Industry Value Chain Analysis

3.3.1. Reimbursement framework

3.4. Market Dynamics

3.4.1. Market driver analysis

3.4.1.1. Increasing prevalence of chronic diseases

3.4.1.2. Technological advancements

3.4.1.3. Increase in government investments and funds by government and private organizations

3.4.1.4. Increasing number of research studies for high field strength MRI machines

3.4.2. Market restraint analysis

3.4.2.1. High cost of MRI system

3.4.2.2. Depleting helium deposits

3.4.3. Industry challenges

3.5. Magnetic Resonance Imaging (MRI) Market Analysis Tools

3.5.1. Industry Analysis - Porter's

4. Architecture Estimates & Trend Analysis

4.1. Definitions and Scope

4.2. Architecture Market Share, 2019 & 2027

4.3. Segment Dashboard

4.4. Global Magnetic Resonance Imaging (MRI) Market by Architecture Outlook

4.5. Market Size & Forecasts and Trend Analyses, 2016 to 2027 for the following

4.5.1. Open systems

4.5.2. Closed systems

5. Field Strength Estimates & Trend Analysis

5.1. Definitions and Scope

5.2. Field Strength Market Share, 2019 & 2027

5.3. Segment Dashboard

5.4. Global Magnetic Resonance Imaging (MRI) Market by Field Strength Outlook

5.5. Market Size & Forecasts and Trend Analyses, 2016 to 2027 for the following

5.5.1. Low

5.5.2. Mid

5.5.3. High

6. Application Estimates & Trend Analysis

6.1. Definitions and Scope

6.1.1. Brain & Neurological

6.1.2. Spine & Musculoskeletal

6.1.3. Vascular

6.1.4. Abdominal

6.1.5. Cardiac

6.1.6. Breast

6.1.7. Others

6.2. Application Market Share, 2019 & 2027

6.3. Segment Dashboard

6.4. Global Magnetic Resonance Imaging (MRI) Market by Application Outlook

7. End Use Estimates & Trend Analysis

7.1. Definitions and Scope

7.2. End Use Market Share, 2019 & 2027

7.3. Segment Dashboard

7.4. Global Magnetic Resonance Imaging (MRI) Market by End Use Outlook

7.5. Market Size & Forecasts and Trend Analyses, 2016 to 2027 for the following

7.5.1. Hospitals

7.5.2. Imaging centers

7.5.3. Ambulatory surgical centers

7.5.4. Others

8. Magnetic Resonance Imaging (MRI) Market: Regional Estimates & Trend Analysis

8.1. Regional market share analysis, 2019 & 2027

8.2. Regional Market Dashboard

8.3. Global Regional Market Snapshot

8.4. Regional Market Share and Leading Players, 2019

8.5. SWOT Analysis, by Factor (Political & Legal, Economic and Technological)

8.5.1. North America

8.5.2. Europe

8.5.3. Asia Pacific

8.5.4. Latin America

8.5.5. Middle East and Africa

9. Competitive Landscape

9.1. Recent Developments & Impact Analysis, By Key Market Participants

9.2. Company/Competition Categorization

9.2.1. Innovators

9.2.2. Market leaders

9.2.3. Emerging players

9.3. Vendor Landscape

9.3.1. List of key distributors and channel partners

9.3.2. Key customers

9.3.3. Key company market share analysis, 2019

9.4. Public Companies

9.5. Private Companies

9.6. Supplier Ranking

9.7. Key company profiled

Companies Mentioned

  • GE Healthcare
  • Siemens AG
  • Koninklijke Philips N.V.
  • Hitachi Medical Systems America AG.
  • Toshiba Corporation
  • Aurora Imaging Technologies, Inc.
  • Esaote SPA
  • Sanrad Medical Systems Pvt ltd.

For more information about this report visit https://www.researchandmarkets.com/r/smw0ac.

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press 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