Global Magnetic Resonance Imaging MRI Equipment Market by Type (Extremity MRI, Open MRI, Closed MRI), By Application (Hospitals, Clinics, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The global magnetic resonance imaging MRI equipment market is forecast to grow at a CAGR of 6.2% from 2019-2028 to reach $XX billion by 2028. The growth in the market can be attributed to factors such as the growing number of patients suffering from chronic diseases, the development, and introduction of new advanced technologies for MRI scanners, and the increasing adoption rate due to technological advancements.
MRI, also known as magnetic resonance imaging (MRI), is a medical imaging technique that uses magnetism and radio waves to create images of the human body. MRI creates detailed pictures, unlike any other diagnostic tool. It can show injuries inside the skull or joints without surgery; it can detect cancerous tumors in organs not visible on X-rays, such as ovaries and thyroid glands; it provides better resolution than standard x-ray equipment for viewing broken bones like those found in football players' arms or legs. For example, Open MRI machines have more accessibility features because they are open-air rather than enclosed by metal walls. In some cases, these allow people with claustrophobia to undergo an examination - something which would be impossible if the equipment were enclosed in a tight space.
On the basis of type, the magnetic resonance imaging equipment market is segmented into Extremity MRI, Open MRI, and Closed MRI.
Extremity MRI
Extremity MRI Equipment refers to Magnetic Resonance Imaging (MRI) equipment used in extremities. It consists of an arm and a leg holder, which are attached to the subject’s body using Velcro straps. Extremity MRIs produce good quality images for bones such as wrist, foot or hand. The device is mostly used by orthopedists and sports medicine doctors who need detailed information on their patients' extremities without exposing them to radiation from x-rays or CT scans.
Open MRI
Open MRI machines are more economical and less sophisticated than closed-body scanners. The machine looks a bit like a combination of a submarine and a big metal cylinder or tube lying on its side. The patient will need to lie down on the back with arms overhead in order for it to do its work properly. Open MRIs don't provide as detailed images as closed body scanning equipment but they may be worth considering if weight is an issue for the patient or when imaging certain areas of the patient's body such as joints because open MRIs tend to create stronger magnetic fields which can allow them to see better under these specific circumstances.
Closed MRI
Closed MRI equipment is a type of imaging scanner that has no opening to the outside world. Therefore, it cannot be used in situations where there are people or animals close by who could get caught up in an electromagnetic field during operation and receive burns as well as exposure to harmful ionizing radiation. Closed MRI scanners have been found useful for scanning patients who need more detailed images than can be obtained with an extremity scan but may not tolerate open magnetic resonance procedures because they require lying down flat on their backs for long periods of time.
On the basis of application, the global magnetic resonance imaging equipment market is segmented into Hospitals, Clinics & Others.
Hospitals
The application of Magnetic Resonance Imaging MRI Equipment in hospitals is the most widespread. Hospitals have a higher requirement for this type of equipment due to its capability and reliability, which allow doctors to provide a quick diagnosis on patients with high accuracy.
Clinics
The application in clinics is for those who are seeking diagnostic and therapeutic procedures done by professionals. Magnetic resonance imaging has been used to show the different parts of a patient’s body that may be damaged or abnormal, like tumors or cysts. It can also help identify degenerative diseases like Alzheimer's disease if any exist.
On the basis of region, the global magnetic resonance imaging equipment market is segmented into North America, Latin America, and Europe. North America is the largest region of magnetic resonance imaging market in 2018 with a significant share because it has more number of hospitals which are required to have this equipment.
Latin America comprises Brazil as its major country while Europe includes Germany and France among others. The Magnetic Resonance Imaging Equipment Market by Type (Extremity MRI, Open MRI, ClosedMRI), By Application (Hospitals, Clinics), and Region (North America, Asia Pacific & Middle East Africa). Forecast To 2028 report presents various segments prevailing within these regions along with their respective drivers/challenges at a global level that might impact growth prospects for investors or stakeholders over the forecast period 2019-2028.
Growth Factors
Growth factors can be attributed to the growing prevalence of diseases such as cancer, diabetes, and obesity. The increasing demand for medical services in countries with developing economies has also contributed to this growth factor. Moreover, changes in healthcare policies across the globe are anticipated to help boost the MRI equipment market in various regions including the Asia Pacific and Latin America during a forecast period 2018-2028.
Up Market Research published a new report titled “Magnetic Resonance Imaging MRI Equipment Market research report which is segmented by Types (Extremity MRI, Open MRI, Closed MRI), By Applications (Hospitals, Clinics, Other), By Players/Companies Siemens, Philips, GE Healthcare, Toshiba, Hitachi, ESAOTE, SciMedix, Paramed, Neusoft, Xingaoyi, ANKE, Huarun Wandong, Alltech”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Magnetic Resonance Imaging MRI Equipment Market Research Report |
By Type | Extremity MRI, Open MRI, Closed MRI |
By Application | Hospitals, Clinics, Other |
By Companies | Siemens, Philips, GE Healthcare, Toshiba, Hitachi, ESAOTE, SciMedix, Paramed, Neusoft, Xingaoyi, ANKE, Huarun Wandong, Alltech |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 250 |
Number of Tables & Figures | 175 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Magnetic Resonance Imaging MRI Equipment Market Report Segments:
The market is segmented by Type Extremity MRI, Open MRI, Closed MRI and By Application Hospitals, Clinics, Other.
Some of the companies that are profiled in this report are:
- Siemens
- Philips
- GE Healthcare
- Toshiba
- Hitachi
- ESAOTE
- SciMedix
- Paramed
- Neusoft
- Xingaoyi
- ANKE
- Huarun Wandong
- Alltech
Magnetic Resonance Imaging MRI Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Magnetic Resonance Imaging MRI Equipment Market
Overview of the regional outlook of the Magnetic Resonance Imaging MRI Equipment Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Magnetic Resonance Imaging MRI Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Magnetic Resonance Imaging MRI Equipment Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Extremity MRI
2. Open MRI
3. Closed MRI
7. By Application:1. Hospitals
2. Clinics
3. Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnetic Resonance Imaging MRI Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Magnetic Resonance Imaging MRI Equipment Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetic Resonance Imaging MRI Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Magnetic Resonance Imaging MRI Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic Resonance Imaging MRI Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Magnetic Resonance Imaging MRI Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Magnetic Resonance Imaging MRI Equipment Market Size & Forecast, 2018-2028
4.5.1 Magnetic Resonance Imaging MRI Equipment Market Size and Y-o-Y Growth
4.5.2 Magnetic Resonance Imaging MRI Equipment Market Absolute $ Opportunity
Chapter 5 Global Magnetic Resonance Imaging MRI Equipment Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Type
5.2.1 Extremity MRI
5.2.2 Open MRI
5.2.3 Closed MRI
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetic Resonance Imaging MRI Equipment Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic Resonance Imaging MRI Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Magnetic Resonance Imaging MRI Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Type
9.6.1 Extremity MRI
9.6.2 Open MRI
9.6.3 Closed MRI
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Magnetic Resonance Imaging MRI Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Type
10.6.1 Extremity MRI
10.6.2 Open MRI
10.6.3 Closed MRI
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Magnetic Resonance Imaging MRI Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Type
11.6.1 Extremity MRI
11.6.2 Open MRI
11.6.3 Closed MRI
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Magnetic Resonance Imaging MRI Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Type
12.6.1 Extremity MRI
12.6.2 Open MRI
12.6.3 Closed MRI
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Magnetic Resonance Imaging MRI Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Type
13.6.1 Extremity MRI
13.6.2 Open MRI
13.6.3 Closed MRI
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Magnetic Resonance Imaging MRI Equipment Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Magnetic Resonance Imaging MRI Equipment Market: Competitive Dashboard
14.2 Global Magnetic Resonance Imaging MRI Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 Philips
14.3.3 GE Healthcare
14.3.4 Toshiba
14.3.5 Hitachi
14.3.6 ESAOTE
14.3.7 SciMedix
14.3.8 Paramed
14.3.9 Neusoft
14.3.10 Xingaoyi
14.3.11 ANKE
14.3.12 Huarun Wandong
14.3.13 Alltech