According to the latest report by IMARC Group, The global magnetic resonance imaging (MRI) systems market exhibited moderate growth during 2015-2020. Looking forward, the global magnetic resonance imaging (MRI) systems market is expected to grow at a CAGR of around 5% during 2021-2026.
Magnetic Resonance Imaging (MRI) systems refer to a non-invasive imaging technology used for producing three-dimensional (3D) images of the anatomy and physiological functioning of the body. An MRI machine uses a strong magnetic field and radio waves to generate detailed images and facilitate the detection, diagnosis, and treatment of a disease. It is usually combined with computed tomography (CT) and positron emission tomography (PET) scans for investigating various abnormalities, such as infections, tumors and cysts in the brain, bones, heart, and other internal organs.
The increasing prevalence of chronic diseases, especially among the geriatric population, and the rising awareness regarding the benefits of early diagnosis are some of the major factors driving the global MRI systems market growth. Rapid technological advancements, such as the development of four-dimensional (4D) imaging techniques and high-field MRI systems that are compatible with cardiac pacemakers, are also supporting the market growth. The sudden outbreak of coronavirus disease (COVID-19) is further creating a positive outlook for the market as MRI is extensively used for evaluating the effects of the virus.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Aurora Imaging Technology
Canon Medical Systems
Esaote S.P.A, Fonar Corporation
Koninklijke Philips NV
Neusoft Medical Systems
Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Architecture:
Breakup by Field Strength:
Low Field Strength
Mid Field Strength
High Field Strength
Breakup by Application:
Breakup by End Use:
Ambulatory Surgical Centers
Breakup by Technology:
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
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