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Global Magnetic Resonance Imaging (MRI) Systems Market Insights, Key Trends, Growth, and Opportunity, Forecast period of 2019-2026

Inclination and benefits of using diagnostic imaging systems has impacted the Global Magnetic Resonance Imaging (MRI) Systems Market positively. This will raise the initial estimated value of the market from USD 5.39 billion in 2018 to an estimated value of 7.87 billion by 2026 registering a CAGR of 4.3% in the forecasted period of 2019-2026

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Competitive Analysis:

The Global Magnetic Resonance Imaging (MRI) Systems Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Magnetic Resonance Imaging (MRI) Systems market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: 

Few of the major market competitors currently working in the Magnetic Resonance Imaging (MRI) Systems are Siemens Healthcare GmbH, GENERAL ELECTRIC, Koninklijke Philips N.V., Hitachi Ltd., CANON MEDICAL SYSTEMS CORPORATION, Aspect Imaging, Bruker, Aurora Health Care, Esaote SpA, FONAR, Neusoft Corporation, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Shimadzu Corporation, Carestream Health, Hologic Inc., Barco, and Nordion Inc.

 Market Drivers:

  • Rising awareness about the benefits of diagnostic imaging systems has positively impacted the growth of the market
  • Development of innovative and hybrid MRI systems that offer high quality imaging are also one of the drivers of the market

Market Restraints:

  • High cost of installation and maintenance of MRI systems will act as a major market restraint
  • MRI systems aren’t useful or compatible in patients that have non-removable metal substances in their body, this is acting as a major restraint for the market


  • By Field Strength
    • Very-high—field MRI systems (4T and above)
    • High-field MRI systems (1.5T to 3T)
      • 5T MRI systems
      • 3T MRI systems
    • Low-to-mid-field MRI systems (less than 1.5T)
  • By Application
    • Neurology
    • Cardiology
    • Breast Imaging
    • Vascular Imaging
    • Extremity Imaging
    • Pediatric Imaging
    • Others
  • By Architecture
    • Closed MRI systems
    • Standard bore MRI
    • Wide bore MRI
    • Open MRI systems
  • By Geography
    • North America
      • US
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Switzerland
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • Rest of Asia-Pacific
    • Middle East and Africa
      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East and Africa

Table of Contents

1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports

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Market Definition: Magnetic Resonance Imaging (MRI) is an imaging technology that is used to diagnose the diseases or health concerns in the body. Magnetic Resonance Imaging scanners uses electromagnetic radiation to develop images of the body. Its applications are widespread in terms of diagnosis, aftermath of diseases, identification of phase of disease.

Key Insights in the Report:

  • The key market players are analyzed and their effects on the market is also observed
  • Market analysis is conducted for the forecast period of 2019 to 2026, and the market segmentations are observed during that period
  • The market drivers and restraints have been clearly analyzed for the effect that they have over the market in the forecast period of 2019 to 2026

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