Authored By: Sarah
11 Jul 2024

 Magnetic Resonance Imaging (Mri) Systems Market to grow by USD 2863 million between 2024-2028

According to a research report “ Magnetic Resonance Imaging (Mri) Systems Market” by Product (Closed MRI systems, Open MRI systems) Type (Fixed MRI, Mobile MRI) Geography (North America, Europe, Asia, Rest of World (ROW))- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2863 million at a CAGR of almost 6.78% during the forecast period. In the healthcare industry, Magnetic Resonance Imaging (MRI) systems have emerged as indispensable diagnostic tools. These advanced technologies primarily focus on examining the central nervous system, orthopedic, and cardiovascular health conditions. With the global prevalence of neurological, orthopedic, and cardiovascular diseases on the rise, early detection and intervention are crucial. MRI systems facilitate the identification of intricate details regarding the type and severity of various cardiovascular diseases, thereby reducing potential complications and mortality rates..

Browse market data tables, figures, and in-depth TOC on “Magnetic Resonance Imaging (Mri) Systems Market” by Product (Closed MRI systems, Open MRI systems) Type (Fixed MRI, Mobile MRI) Geography (North America, Europe, Asia, Rest of World (ROW)) Global Forecast to 2028.

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By Product, the Closed MRI systems segment is projected to dominate the market size in 2024.

In the dynamic Magnetic Resonance Imaging (MRI) systems market, fixed MRI systems hold significant market share. These systems offer superior imaging capabilities and advanced functionality, making them indispensable for numerous medical applications. Key players, including Siemens and Philips, have identified the increasing demand for fixed MRI systems. Factors such as the rising prevalence of chronic diseases, the growing need for non-invasive diagnostic treatments, technological advancements, and escalating healthcare costs are fueling market expansion. Consequently, the demand for fixed MRI systems is anticipated to surge, propelling market growth during the forecast period.

By Type, Fixed MRI  segment is expected to hold the largest market size for the year 2024.

In the Magnetic Resonance Imaging (MRI) market, closed systems represent a significant segment due to their ability to generate high-quality, detailed images of organs using strong magnetic fields. These systems, which range from 1.5T to 3.0T or higher, are essential for diagnosing heart, brain, spine, breast, and abdominal abnormalities. Closed MRI systems, available in both wide and narrow bore designs, offer increased throughput and superior image quality, thanks to their superconducting magnets.

North America is forecasted to hold the largest market size by region in 2024.

In the dynamic business landscape, the Magnetic Resonance Imaging (MRI) Systems Market continues to thrive, driven by advancements in medical technology. These systems leverage magnetic fields and radio waves to produce detailed images of the human body, enabling accurate diagnoses and effective treatment plans. Market growth is fueled by increasing prevalence of chronic diseases, rising healthcare expenditures, and technological innovations.

The Magnetic Resonance Imaging (Mri) Systems Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Aspect Imaging Ltd.
  • AURORA HEALTHCARE US Corp.
  • Bruker Corp.
  • Canon Inc.
  • Esaote Spa
  • FONAR Corp.
  • FUJIFILM Corp.
  • GE Healthcare Technologies Inc.
  • Hologic Inc.
  • Koninklijke Philips N.V.
  • MR Solutions Ltd.
  • Neusoft Corp.
  • Onex Corp.
  • Sanrad Medical Systems Pvt ltd
  • Shenzhen Anke High tech Co.
  • Shimadzu Corp.
  • Siemens Healthineers AG
  • Time Medical Holding Co Ltd
.

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Research Analysis Overview

The Magnetic Resonance Imaging (MRI) systems market is experiencing significant growth due to the early diagnosis and effective detection of various tissue diseases, including bone diseases and cancer. With the aging populations and increasing prevalence of chronic conditions such as Alzheimer's disease and Cardiovascular Diseases (CVDs), the demand for advanced healthcare solutions is on the rise. Technical advancements in MRI technology, such as Hybrid MRI systems, are enabling the diagnosis of complex conditions with greater accuracy. Novel technologies, like patent analysis and pricing analysis, are also playing a crucial role in the market by providing valuable insights into the competitive landscape and consumer buying behavior. Hospitals continue to be the major end-users of MRI systems, making it a vital segment in the healthcare industry.

Market Research Overview

The MRI (Magnetic Resonance Imaging) Systems Market encompasses advanced diagnostic imaging systems used for the detection and diagnosis of various health concerns, including brain abnormalities, spinal conditions, cardiovascular diseases (CVDs), and cancers. Key components of MRI systems include eyeballs (display monitors), clips (for marking specific areas), metal chips (for shielding), heart pacemakers and metal implants (requiring special considerations), and various scanner types such as closed and open systems. Major players in this market invest in research studies published in journals like BRJ, focusing on patient experiences, multimodality imaging, and technical advancements. Geographical coverage, patient epidemiology, and depth expert analysis are crucial factors in pipeline analysis. MRI systems use superconducting magnets with magnetic strengths ranging from Tesla (T) to various field strengths. These systems cater to healthcare centers, hospitals, and developing economies, addressing early diagnosis of tissue diseases, bone diseases, kidney diseases, liver diseases, cancers, injuries, and tumors. Health insurance, reimbursement policies, and surgical treatments for cancer patients significantly impact buying behavior. Novel technologies, such as hybrid MRI systems, and regulatory frameworks continue to shape the market landscape. Maintenance costs, MRI suite design, and patient's progress are essential considerations for CMO executives and private equity investors.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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