Magnetic Resonance Imaging Market Global Analysis by 2025

Magnetic Resonance Imaging Market to 2025 - Global Analysis and Forecasts by Field Strength (Low-Field MRI Systems, High-Field MRI Systems, Ultra-High MRI Systems), Architecture (Closed MRI Systems and Open MRI Systems), Application (Cardiology, Oncology, Neurology, Gastroenterology, Musculoskeletal and Others), End User (Hospital, Ambulatory Surgical Centers and Diagnostic Centers), and Geography

Publication Month : Sep 2018

  • Report Code : TIPHE100001108
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 183
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The magnetic resonance imaging market is projected to reach US$ 7,955.1 million by 2025 from US$ 5,913.6 million in 2017; it is expected to register a CAGR of 3.8% from 2018 to 2025.

Magnetic resonance imaging (MRI) is a scan which utilizes strong magnetic fields and radio waves for producing detailed images of the inside of the body. The MRI scanner is a large tube that contains powerful magnets, the patient lies inside the tube during the scan. The radio waves manipulate the magnetic position of the atoms of the body, which are picked up by a powerful antenna and sent to a computer. The computer performs calculations, which produces clear, cross-sectional black-and-white images of the body. An MRI scan can be used to examine almost any part of the body, which include brain and spinal cord, bones and joints, breasts, heart and blood vessels, internal organs, such as the liver, womb or prostate gland, and others.

The report offers insights and in-depth analysis of the magnetic resonance imaging market emphasizing on various parameters such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes the impact of the COVID-19 pandemic on the market across all the regions. The COVID-19 pandemic has disrupted the socioeconomic conditions of various countries across the world. Most healthcare providers prefer imaging over the other COVID-19 screening techniques because it offers a primary diagnosis in a short amount of time. COVID-19 and its effect on distinct patients in each demography have been studied using all imaging modalities, including magnetic resonance imaging. The industry has been able to produce smaller and more portable low-magnetic-field MRIs due to advancements in radiology imaging techniques. COVID-19 can cause more significant consequences in people who have underlying medical issues. As a result, during a pandemic, imaging technologies may be more widely adopted. The market, based on region, is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Lucrative Regions for Magnetic Resonance Imaging Market

Lucrative Regions for Magnetic Resonance Imaging Market
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Market Insights

Increasing Awareness Regarding Benefits of Early Diagnosis

Early diagnosis of a medical condition opens the door to treatment and future care. The earlier diagnosis of diseases helps the medical professionals and patients to take up various important medical decisions in terms of care, support needs, financial and legal matters. There exists a large number of advantages to obtaining accurate and early diagnosis after noticing of cognitive symptoms related to a particular medical condition. These benefits include reversal of symptoms, effective, sooner and early treatment of the individual, empowerment of the patient, time for better decision making and others. Magnetic resonance imaging (MRI) is one of the very effective and popularly practiced imaging techniques for diagnosis of diseases associated with various medical specialties including neurological disorders, musculoskeletal diseases, cancer, cardiovascular disorders and others. The increasing awareness among global populace regarding the importance of early disease detection is a major factor responsible to drive the growth of global magnetic resonance imaging market.

Field Strength-Based Insights

Based on field strength, the magnetic resonance imaging market is segmented into low-field MRI systems, high-field MRI systems, and ultra-high field MRI systems. In 2017, the high field MRI systems segment held a largest market share of 55.0% of the magnetic resonance imaging market, by field strength. This segment is also expected to dominate the market in 2025 owing to its ability to have a wide imaging potential and significantly higher resolution that can be used in various modalities that range from standard musculoskeletal studies to advanced work in neurology, cardiology, and specific spectroscopy scanning. Furthermore, the low field MRI systems segment is anticipated to witness the fastest growth rate during the forecast period.

Magnetic Resonance Imaging Market, by Field Strength – 2017 and 2025

Magnetic Resonance Imaging Market, by Field Strength – 2017 and 2025
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Architecture-Based Insights

Based on architecture, the magnetic resonance imaging market is segmented into closed MRI systems and open MRI systems. The open MRI Systems segment is anticipated to grow at a CAGR of 4.4% during the forecast period. The open architecture of the MRI scanners decreases the risk of claustrophobia and risk of panic attacks at exponential levels as well as allows patients of all the sizes and shapes to take up the MRI tests for accurate diagnosis and treatment of their medical conditions.

Application-Based Insights

The application segment includes cardiology, oncology, neurology, gastroenterology, musculoskeletal and others. The musculoskeletal segment is anticipated to grow at a CAGR of 4.5% during the forecast period. The advantages offered by the MRI such as increased signal-to-noise ratio, higher spatial resolution, improved spectral resolution for spectroscopy, improved sensitivity for X-nucleus imaging, and decreased image acquisition times.

End User-Based Insights

Based on end user, the magnetic resonance imaging market is segmented into hospital, ambulatory surgical centers, and diagnostic centers. The hospitals segment is anticipated to grow at a CAGR of 4.0% during the forecast period. Rising prevalence of various diseases, increasing number of hospitals across the globe, and rapid growth of various surgical procedures are primarily attributed the growth of this segment in the magnetic resonance imaging market in the coming years.

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Magnetic Resonance Imaging Market: Strategic Insights

magnetic-resonance-imaging-market
Market Size Value inUS$ 5,913.6 Million in 2017
Market Size Value byUS$ 7,955.1 Million by 2025
Growth rateCAGR of 3.8% from 2018-2025
Forecast Period2018-2025
Base Year2018
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Akshay

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The magnetic resonance imaging market players adopt organic strategies such as product launch and expansion to expand their footprint and product portfolio worldwide as well as to meet the growing demand.

By Field Strength

  • Low-Field MRI Systems
  • High-Field MRI Systems
  • Ultra-High Field MRI SystemsOthers

By Architecture

  • Closed MRI Systems
  • Open MRI Systems

By Application

  • Neurology
  • Musculoskeletal 
  • Cardiology
  • Gastroenterology
  • Oncology
  • Others

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Diagnostic Centers

By

Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South and Central America (SCAM)
    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • General Electric
  • Koninklijke Philips N.V.
  • Siemens AG
  • Canon Medical Systems Corporation
  • Esaote SpA
  • FONAR
  • Hitachi, Ltd.
  • Aspect Imaging
  • NeuSOFT Technologies
  • Time Medical Holding            
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Field Strength , Architecture , Application , End User , and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

Frequently Asked Questions


What is Magnetic Resonance Imaging (MRI)?

MRI could be a scan that utilizes durable magnetic fields and radio waves to bring out comprehensive inside pictures of the body.

How MRI scanner works?

The MRI scanner is a large tube that contains powerful magnets, the patient lies within the tube throughout the scan. The radio waves control the magnetic position of the atoms of the body that are picked up by a strong antenna and sent to a computer. The computer performs calculations, that brings out clear, cross-sectional black & white images of the inside the body.

What are the key trends in the Magnetic Resonance Imaging market report?

The industry has been able to turn out smaller and additional transportable low-magnetic-field MRIs thanks to advancements in radiology imaging techniques. As a result, throughout the pandemic outbreak, imaging technologies is also additional wide adopted.

What are their major strategies to strengthen their market presence?

The MRI market players adopt organic methods like product launch and growth to expand their footprint and product portfolio worldwide yet on meet the growing demand.

Which segment among Magnetic Resonance Imaging market provides the most opportunity for growth?5. Which segment among Magnetic Resonance Imaging market provides the most opportunity for growth?

The hospitals section is anticipated to grow at a CAGR of 4% throughout the forecast. Rising prevalence of assorted diseases, increasing range of hospitals across the world, and rapid climb of assorted surgical procedures are primarily attributed the expansion of this section within the MRI market within the coming back years.

TABLE OF CONTENTS

1. INTRODUCTION 25
1.1 SCOPE OF THE STUDY 25
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 25

2. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – KEY TAKEAWAYS 27

3. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – MARKET LANDSCAPE 30
3.1 OVERVIEW 30
3.2 MARKET SEGMENTATION 30
3.2.1 Global Magnetic Resonance Imaging Market – By Field Strength 31
3.2.2 Global Magnetic Resonance Imaging Market – By Architecture 31
3.2.3 Global Magnetic Resonance Imaging Market – By Application 32
3.2.4 Global Magnetic Resonance Imaging Market – By End User 32
3.2.5 Global Magnetic Resonance Imaging Market – By Geography 32
3.3 PEST ANALYSIS 33
3.3.1 North America – PEST Analysis 33
3.3.2 Europe– PEST Analysis 35
3.3.3 Asia Pacific– PEST Analysis 37
3.3.4 Middle East and Africa – PEST Analysis 39
3.3.5 South and Central America – PEST Analysis 41

4. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – KEY MARKET DYNAMICS 43
4.1 KEY MARKET DRIVERS 43
4.1.1 Increasing Awareness Regarding Benefits of Early Diagnosis 43
4.1.2 Technological Advancements in Magnetic Resonance Imaging 44
4.1.3 Increasing Funding and Favourable Policies by Government and Private Bodies 44
4.2 KEY MARKET RESTRAINTS 45
4.2.1 High Costs of MRI Systems 45
4.2.2 Side Effects and Risks Associated with Magnetic Resonance Imaging 45
4.3 KEY MARKET OPPORTUNITIES 46
4.3.1 Development of Hybrid MRI Systems 46
4.3.2 Emerging Markets 46
4.4 FUTURE TRENDS 48
4.4.1 Replacement of Low-Field MRI Systems to High-Field MRI Systems 48
4.5 IMPACT ANALYSIS 49

5. MAGNETIC RESONANCE IMAGING MARKET – GLOBAL ANALYSIS 50
5.1 GLOBAL MAGNETIC RESONANCE IMAGING MARKET REVENUE FORECASTS AND ANALYSIS 50
5.2 GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY GEOGRAPHY - FORECASTS AND ANALYSIS 51
5.3 MARKET POSITIONING 52
5.4 PERFORMANCE OF KEY PLAYERS 52
5.4.1 Siemens Healthcare GmbH 52
5.4.2 General Electric Company 53
5.4.3 Canon Medical Systems Corporation 53
5.5 EXPERT OPINIONS 53

6. MAGNETIC RESONANCE IMAGING MARKET – GLOBAL REGULATORY SCENARIO 54
6.1 NORTH AMERICA 54
6.1.1 US 54
6.1.2 Canada 55
6.1.3 Mexico 56
6.2 EUROPE 57
6.3 ASIA PACIFIC 58
6.3.1 Japan 58
6.3.2 China 59
6.3.3 India 60
6.4 MIDDLE EAST & AFRICA 61
6.4.1 Saudi Arabia 61
6.4.2 South Africa 62
6.5 SOUTH & CENTRAL AMERICA 63
6.5.1 Brazil 63

7. GLOBAL MAGNETIC RESONANCE IMAGING MARKET ANALYSIS – BY FIELD STRENGTH 64
7.1 OVERVIEW 64
7.2 GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY FIELD STRENGTH, 2017 & 2025 (%) 64
7.3 LOW-FIELD MRI SYSTEMS MARKET 65
7.3.1 Overview 65
7.3.2 Global Low-Field MRI Systems Market Revenue and Forecasts to 2025 (US$ Mn) 65
7.4 HIGH-FIELD MRI SYSTEMS MARKET 66
7.4.1 Overview 66
7.4.2 Global High-Field MRI Systems Market Revenue and Forecasts to 2025 (US$ Mn) 66
7.5 ULTRA HIGH-FIELD MRI SYSTEMS MARKET 67
7.5.1 Overview 67
7.5.2 Global Ultra High-Field MRI Systems Market Revenue and Forecasts to 2025 (US$ Mn) 68

8. GLOBAL MAGNETIC RESONANCE IMAGING MARKET ANALYSIS – BY ARCHITECTURE 69
8.1 OVERVIEW 69
8.2 GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY ARCHITECTURE, 2017 & 2025 (%) 69
8.3 OPEN MRI SYSTEMS MARKET 70
8.3.1 Overview 70
8.3.2 Global Open MRI Systems Market Revenue and Forecasts to 2025 (US$ Mn) 70
8.4 CLOSED MRI SYSTEMS MARKET 71
8.4.1 Overview 71
8.4.2 Global Closed MRI Systems Market Revenue and Forecasts to 2025 (US$ Mn) 71

9. GLOBAL MAGNETIC RESONANCE IMAGING MARKET ANALYSIS – BY APPLICATION 72
9.1 OVERVIEW 72
9.2 GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY APPLICATION, 2017 & 2025 (%) 72
9.3 CARDIOLOGY MARKET 73
9.3.1 Overview 73
9.3.2 Global Cardiology Market Revenue and Forecasts to 2025 (US$ Mn) 73
9.4 ONCOLOGY MARKET 74
9.4.1 Overview 74
9.4.2 Global Oncology Market Revenue and Forecasts to 2025 (US$ Mn) 75
9.5 GASTROENTEROLOGY MARKET 76
9.5.1 Overview 76
9.5.2 Global Gastroenterology Market Revenue and Forecasts to 2025 (US$ Mn) 76
9.6 NEUROLOGY MARKET 77
9.6.1 Overview 77
9.6.2 Global Neurology Market Revenue and Forecasts to 2025 (US$ Mn) 77
9.7 MUSCULOSKELETAL MARKET 78
9.7.1 Overview 78
9.7.2 Global Musculoskeletal Market Revenue and Forecasts to 2025 (US$ Mn) 78
9.8 OTHERS MARKET 79
9.8.1 Overview 79
9.8.2 Global Others Market Revenue and Forecasts to 2025 (US$ Mn) 79

10. GLOBAL MAGNETIC RESONANCE IMAGING MARKET ANALYSIS – BY END USER 80
10.1 OVERVIEW 80
10.2 GLOBAL MAGNETIC RESONANCE IMAGING MARKET, BY END USER, 2017 & 2025 (%) 80
10.3 HOSPITALS MARKET 81
10.3.1 Overview 81
10.3.2 Global Cardiology Market Revenue and Forecasts to 2025 (US$ Mn) 81
10.4 AMBULATORY SURGICAL CENTERS MARKET 82
10.4.1 Overview 82
10.4.2 Global Ambulatory Surgical Centers Market Revenue and Forecasts to 2025 (US$ Mn) 82
10.5 DIAGNOSTIC CENTERS MARKET 83
10.5.1 Overview 83
10.5.2 Global Diagnostic Centers Market Revenue and Forecasts to 2025 (US$ Mn) 83

11. NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 84
11.1 OVERVIEW 84
11.2 NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 85
11.3 NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY FIELD STRENGTH (US$ MN) 85
11.4 NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY ARCHITECTURE (US$ MN) 85
11.5 NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY APPLICATION (US$ MN) 86
11.6 NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY END USER (US$ MN) 87
11.7 NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY COUNTRY (%) 87
11.8 US MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 88
11.8.1 US Magnetic Resonance Imaging Market Revenue and Forecasts to 2025 (US$ Mn) 89
11.8.2 US Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 90
11.8.3 US Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 90
11.8.4 US Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 90
11.8.5 US Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 91
11.9 CANADA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 92
11.9.1 Canada Magnetic Resonance Imaging Market Revenue and Forecasts to 2025 (US$ Mn) 93
11.9.2 Canada Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 93
11.9.3 Canada Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 94
11.9.4 Canada Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 94
11.9.5 Canada Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 94
11.10 MEXICO MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 95
11.10.1 Mexico Magnetic Resonance Imaging Market Revenue and Forecasts to 2025 (US$ Mn) 95
11.10.2 Mexico Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 96
11.10.3 Mexico Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 96
11.10.4 Mexico Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 96
11.10.5 Mexico Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 97

12. EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 98
12.1 OVERVIEW 98
12.2 EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 99
12.3 EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY FIELD STRENGTH (US$ MN) 99
12.4 EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY ARCHITECTURE (US$ MN) 100
12.5 EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY APPLICATION (US$ MN) 100
12.6 EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY END USER (US$ MN) 101
12.7 EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY COUNTRY (%) 101
12.8 GERMANY MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 102
12.8.1 Germany Magnetic Resonance Imaging Market Revenue and Forecasts to 2025 (US$ Mn) 102
12.8.2 Germany Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 103
12.8.3 Germany Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 103
12.8.4 Germany Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 103
12.8.5 Germany Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 104
12.9 UK MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 105
12.9.1 UK Magnetic Resonance Imaging market Revenue and Forecasts to 2025 (US$ Mn) 105
12.9.2 UK Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 106
12.9.3 UK Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 106
12.9.4 UK Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 106
12.9.5 UK Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 107
12.10 FRANCE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 108
12.10.1 France Magnetic Resonance Imaging Market Revenue and Forecasts to 2025 (US$ Mn) 109
12.10.2 France Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 109
12.10.3 France Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 110
12.10.4 France Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 110
12.10.5 France Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 110

13. ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 111
13.1 OVERVIEW 111
13.2 ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 112
13.3 ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY FIELD STRENGTH (US$ MN) 112
13.4 ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY ARCHITECTURE (US$ MN) 113
13.5 ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY APPLICATION (US$ MN) 113
13.6 ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY END USER (US$ MN) 114
13.7 ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY COUNTRY (%) 114
13.8 JAPAN MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 115
13.8.1 Japan Magnetic Resonance Imaging Market Revenue and Forecasts to 2025 (US$ Mn) 116
13.8.2 Japan Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 116
13.8.3 Japan MAGNETIC RESONANCE IMAGING Market Revenue and Forecasts, By Architecture (US$ Mn) 117
13.8.4 Japan Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 117
13.8.5 Japan Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 117
13.9 CHINA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 118
13.9.1 China Magnetic Resonance Imaging Market Revenue and Forecasts to 2025 (US$ Mn) 119
13.9.2 China Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 119
13.9.3 China Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 120
13.9.4 China Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 120
13.9.5 China Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 120
13.10 INDIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 121
13.10.1 India Magnetic Resonance Imaging Market Revenue and Forecasts to 2025 (US$ Mn) 122
13.10.2 India Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 122
13.10.3 India Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 123
13.10.4 India Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 123
13.10.5 India Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 123

14. MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 124
14.1 OVERVIEW 124
14.2 MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 125
14.3 MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY FIELD STRENGTH (US$ MN) 125
14.4 MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY ARCHITECTURE (US$ MN) 125
14.5 MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY APPLICATION (US$ MN) 126
14.6 MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY END USER (US$ MN) 127
14.7 MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY COUNTRY (US$ MN) 127
14.8 UAE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 128
14.9 UAE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 129
14.9.1 UAE Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 129
14.9.2 UAE Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 130
14.9.3 UAE Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 130
14.9.4 UAE Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 130
14.10 SAUDI ARABIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 131
14.11 SAUDI ARABIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 132
14.11.1 Saudi Arabia Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 132
14.11.2 Saudi Arabia Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 133
14.11.3 Saudi Arabia Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 133
14.11.4 Saudi Arabia Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 133
14.12 SOUTH AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 134
14.13 SOUTH AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 135
14.13.1 South Africa Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 135
14.13.2 South Africa Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 136
14.13.3 South Africa Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 136
14.13.4 South Africa Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 136

15. SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 137
15.1 OVERVIEW 137
15.2 SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 138
15.3 SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY FIELD STRENGTH (US$ MN) 138
15.4 SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY ARCHITECTURE (US$ MN) 138
15.5 SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY APPLICATION (US$ MN) 139
15.6 SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS, BY END USER (US$ MN) 140
15.7 SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY COUNTRY (%) 140
15.8 BRAZIL MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 141
15.8.1 Brazil Magnetic Resonance Imaging Market Revenue and Forecasts to 2025 (US$ Mn) 141
15.8.2 Brazil Magnetic Resonance Imaging Market Revenue and Forecasts, by Field Strength (US$ Mn) 141
15.8.3 Brazil Magnetic Resonance Imaging Market Revenue and Forecasts, By Architecture (US$ Mn) 142
15.8.4 Brazil Magnetic Resonance Imaging Market Revenue and Forecasts, By Application (US$ Mn) 142
15.8.5 Brazil Magnetic Resonance Imaging Market Revenue and Forecasts, By End User (US$ Mn) 143

16. MAGNETIC RESONANCE IMAGING MARKET –INDUSTRY LANDSCAPE 144
16.1 OVERVIEW 144
16.2 GROWTH STRATEGIES IN THE MAGNETIC RESONANCE IMAGING MARKET, 2016-2018 144
16.3 ORGANIC DEVELOPMENTS 145
16.3.1 Overview 145
16.4 ORGANIC GROWTH STRATEGIES IN THE MHEALTH MARKET, 2016-2018 145
16.5 PRODUCT APPROVAL 145
16.5.1 Recent Product Approval By Players In The Magnetic Resonance Imaging Market 145
16.6 PRODUCT LAUNCH 146
16.6.1 Recent Product Launch By Players In The Magnetic Resonance Imaging Market 146
16.7 EXPANSION 147
16.7.1 The Magnetic Resonance Imaging Market By Expansion 147
16.8 INORGANIC DEVELOPMENTS 147
16.8.1 Overview 147
16.9 INORGANIC GROWTH STRATEGIES IN THE MHEALTH MARKET, 2016-2018 147
16.10 AGREEMENTS 148
16.10.1 The Magnetic Resonance Imaging Market By Agreements 148
16.11 PARTNERSHIPS 148
16.11.1 Recent Partnership by Players in the Magnetic Resonance Imaging Market 148
16.12 OTHERS 149
16.12.1 Others By Players In The Magnetic Resonance Imaging Market 149

17. MAGNETIC RESONANCE IMAGING MARKET – KEY COMPANY PROFILES 150
17.1 GENERAL ELECTRIC 150
17.1.1 Key Facts 150
17.1.2 Business Description 150
17.1.3 Financial Overview 151
17.1.4 Product Portfolio 151
17.1.5 Swot Analysis 152
17.1.6 Key Developments 152
17.2 KONINKLIJKE PHILIPS N.V. 153
17.2.1 Key Facts 153
17.2.2 Business Description 153
17.2.3 Financial Overview 154
17.2.4 Product portfolio 154
17.2.5 SWOT ANALYSIS 155
17.2.6 Key Developments 155
17.3 SIEMENS AG 157
17.3.1 Key Facts 157
17.3.2 Business Description 157
17.3.3 Financial Overview 158
17.3.4 Product Portfolio 158
17.3.5 Swot Analysis 159
17.3.6 Key Developments 159
17.4 CANON MEDICAL SYSTEMS CORPORATION 160
17.4.1 Key Facts 160
17.4.2 Business Description 160
17.4.3 Financial Overview 161
17.4.4 Product Portfolio 161
17.4.5 Swot Analysis 162
17.4.6 Key Developments 162
17.5 ESAOTE SPA 164
17.5.1 Key Facts 164
17.5.2 Business Description 164
17.5.3 Financial Overview 164
17.5.4 Product Portfolio 164
17.5.5 SWOT Analysis 165
17.5.6 Key Developments 165
17.6 FONAR 166
17.6.1 Key Facts 166
17.6.2 Business Description 166
17.6.3 Financial Overview 166
17.6.4 Product Portfolio 167
17.6.5 Swot Analysis 167
17.6.6 Key Developments 167
17.7 HITACHI, LTD. 168
17.7.1 Key Facts 168
17.7.2 Business Description 168
17.7.3 Financial Overview 168
17.7.4 Product Portfolio 169
17.7.5 Swot Analysis 169
17.7.6 Key Developments 169
17.8 ASPECT IMAGING 170
17.8.1 Key Facts 170
17.8.2 Business Description 170
17.8.3 Financial Overview 170
17.8.4 Product Portfolio 170
17.8.5 Swot Analysis 171
17.8.6 Key Developments 171
17.9 NEUSOFT CORPORATION 172
17.9.1 Key Facts 172
17.9.2 Business Description 172
17.9.3 Financial Overview 172
17.9.4 Product Portfolio 173
17.9.5 Swot Analysis 174
17.9.6 Key Developments 174
17.10 TIME MEDICAL HOLDING 175
17.10.1 Key Facts 175
17.10.2 Business Description 175
17.10.3 Financial Overview 175
17.10.4 Product Portfolio 175
17.10.5 Swot Analysis 176
17.10.6 Key Developments 176

18. APPENDIX 177
18.1 ABOUT THE INSIGHT PARTNERS 177
18.2 GLOSSARY OF TERMS 177
18.3 METHODOLOGY 180
18.3.1 Coverage 181
18.3.2 Secondary Research 182
18.3.3 Primary Research 182

LIST OF TABLES

TABLE 1. NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 85
TABLE 2. NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 86
TABLE 3. NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 86
TABLE 4. NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 87
TABLE 5. SOME OF THE CURRENT PROCEDURAL TERMINOLOGY (CPT) CODES FOR MRI: 89
TABLE 6. US MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 90
TABLE 7. US MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 90
TABLE 8. US MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 90
TABLE 9. US MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 91
TABLE 10. CANADA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 93
TABLE 11. CANADA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 94
TABLE 12. CANADA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 94
TABLE 13. CANADA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 94
TABLE 14. MEXICO MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 96
TABLE 15. MEXICO MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 96
TABLE 16. MEXICO MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 96
TABLE 17. MEXICO MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 97
TABLE 18. EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 99
TABLE 19. EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 100
TABLE 20. EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 100
TABLE 21. EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 101
TABLE 22. GERMANY MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 103
TABLE 23. GERMANY MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 103
TABLE 24. GERMANY MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 103
TABLE 25. GERMANY MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 104
TABLE 26. UK MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 106
TABLE 27. UK MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 106
TABLE 28. UK MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 106
TABLE 29. UK MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 107
TABLE 30. FRANCE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 109
TABLE 31. FRANCE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 110
TABLE 32. FRANCE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 110
TABLE 33. FRANCE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 110
TABLE 34. ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 112
TABLE 35. ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 113
TABLE 36. ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 113
TABLE 37. ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 114
TABLE 38. JAPAN MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 116
TABLE 39. JAPAN MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 117
TABLE 40. JAPAN MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 117
TABLE 41. JAPAN MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 117
TABLE 42. CHINA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 119
TABLE 43. CHINA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 120
TABLE 44. CHINA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 120
TABLE 45. CHINA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 120
TABLE 46. INDIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 122
TABLE 47. INDIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 123
TABLE 48. INDIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 123
TABLE 49. INDIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 123
TABLE 50. MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 125
TABLE 51. MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 126
TABLE 52. MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 126
TABLE 53. MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 127
TABLE 54. UAE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 129
TABLE 55. UAE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 130
TABLE 56. UAE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 130
TABLE 57. UAE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 130
TABLE 58. SAUDI ARABIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 132
TABLE 59. SAUDI ARABIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 133
TABLE 60. SAUDI ARABIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 133
TABLE 61. SAUDI ARABIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 133
TABLE 62. SOUTH AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 135
TABLE 63. SOUTH AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 136
TABLE 64. SOUTH AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 136
TABLE 65. SOUTH AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 136
TABLE 66. SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 138
TABLE 67. SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 139
TABLE 68. SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 139
TABLE 69. SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 140
TABLE 70. BRAZIL MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY FIELD STRENGTH (US$ MN) 142
TABLE 71. BRAZIL MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY ARCHITECTURE (US$ MN) 142
TABLE 72. BRAZIL MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY APPLICATION (US$ MN) 142
TABLE 73. BRAZIL MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 143
TABLE 74. RECENT PRODUCT APPROVAL AND ENHANCEMENTS IN THE MAGNETIC RESONANCE IMAGING MARKET 145
TABLE 75. RECENT PRODUCT LAUNCH IN THE MAGNETIC RESONANCE IMAGING MARKET 146
TABLE 76. THE MAGNETIC RESONANCE IMAGING MARKET BY EXPANSION 147
TABLE 77. THE MAGNETIC RESONANCE IMAGING MARKET BY AGREEMENTS 148
TABLE 78. RECENT PARTNERSHIP IN THE MAGNETIC RESONANCE IMAGING MARKET 148
TABLE 79. OTHERS IN THE MAGNETIC RESONANCE IMAGING MARKET 149
TABLE 80. GLOSSARY OF TERMS, MAGNETIC RESONANCE IMAGING MARKET 177


LIST OF FIGURES

FIGURE 1. ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET, REVENUE (US$ MN), BY GEOGRAPHY 2018 & 2025 27
FIGURE 2. GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY FIELD STRENGTH, MARKET SHARE (%), 2017 28
FIGURE 3. GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY ARCHITECTURE, MARKET SHARE (%), 2017 28
FIGURE 4. GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY APPLICATION, MARKET SHARE (%), 2017 29
FIGURE 5. GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY APPLICATION, MARKET SHARE (%), 2017 29
FIGURE 6. MAGNETIC RESONANCE IMAGING MARKET SEGMENTATION 30
FIGURE 7. MAGNETIC RESONANCE IMAGING SEGMENTATION, BY REGION 31
FIGURE 8. NORTH AMERICA PEST ANALYSIS 33
FIGURE 9. EUROPE PEST ANALYSIS 35
FIGURE 10. ASIA PACIFIC PEST ANALYSIS 37
FIGURE 11. MIDDLE EAST AND AFRICA PEST ANALYSIS 39
FIGURE 12. SOUTH AND CENTRAL AMERICA PEST ANALYSIS 41
FIGURE 13. MAGNETIC RESONANCE IMAGING MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 49
FIGURE 14. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – REVENUE FORECASTS AND ANALYSIS – 2017- 2025 50
FIGURE 15. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – BY GEOGRAPHY FORECASTS AND ANALYSIS – 2017- 2025 51
FIGURE 16. GLOBAL MAGNETIC RESONANCE IMAGING MARKET – MARKET POSITIONING, 2017 52
FIGURE 17. GLOBAL MAGNETIC RESONANCE IMAGING MARKET SHARE BY FIELD STRENGTH, 2017 & 2025 (%) 64
FIGURE 18. GLOBAL LOW-FIELD MRI SYSTEMS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 65
FIGURE 19. GLOBAL HIGH-FIELD MRI SYSTEMS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 66
FIGURE 20. GLOBAL ULTRA-HIGH-FIELD MRI SYSTEMS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 68
FIGURE 21. GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY ARCHITECTURE, 2017 & 2025 (%) 69
FIGURE 22. GLOBAL OPEN MRI SYSTEMS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 70
FIGURE 23. GLOBAL CLOSED MRI SYSTEMS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 71
FIGURE 24. GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY APPLICATION, 2017 & 2025 (%) 72
FIGURE 25. GLOBAL CARDIOLOGY MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 73
FIGURE 26. GLOBAL ONCOLOGY MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 75
FIGURE 27. GLOBAL GASTROENTEROLOGY MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 76
FIGURE 28. GLOBAL NEUROLOGY MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 77
FIGURE 29. GLOBAL MUSCULOSKELETAL MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 78
FIGURE 30. GLOBAL OTHERS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 79
FIGURE 31. GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY END USER, 2017 & 2025 (%) 80
FIGURE 32. GLOBAL HOSPITALS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 81
FIGURE 33. GLOBAL AMBULATORY SURGICAL CENTERS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 82
FIGURE 34. GLOBAL DIAGNOSTIC CENTERS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 83
FIGURE 35. NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE, BY COUNTRY, 2017 (US$ MN) 84
FIGURE 36. NORTH AMERICA MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 85
FIGURE 37. NORTH AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY COUNTRY (%) 87
FIGURE 38. US MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 89
FIGURE 39. CANADA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 93
FIGURE 40. MEXICO MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 95
FIGURE 41. EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE, BY COUNTRY, 2017 (US$ MN) 98
FIGURE 42. EUROPE MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 99
FIGURE 43. EUROPE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY COUNTRY (%) 101
FIGURE 44. GERMANY MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 102
FIGURE 45. UK MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 105
FIGURE 46. FRANCE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 109
FIGURE 47. ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE, BY COUNTRY, 2017 (US$ MN) 111
FIGURE 48. ASIA PACIFIC MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 112
FIGURE 49. ASIA PACIFIC MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY COUNTRY (%) 114
FIGURE 50. JAPAN MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 116
FIGURE 51. CHINA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 119
FIGURE 52. INDIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 122
FIGURE 53. MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE, BY COUNTRY, 2017 (US$ MN) 124
FIGURE 54. MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 125
FIGURE 55. MIDDLE EAST AND AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY COUNTRY (US$ MN) 127
FIGURE 56. UAE MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 129
FIGURE 57. SAUDI ARABIA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 132
FIGURE 58. SOUTH AFRICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 135
FIGURE 59. SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE, BY COUNTRY, 2017 (US$ MN) 137
FIGURE 60. SOUTH AND CENTRAL AMERICA MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 138
FIGURE 61. SOUTH AND CENTRAL AMERICA MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025, BY COUNTRY (%) 140
FIGURE 62. BRAZIL MAGNETIC RESONANCE IMAGING MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 141
FIGURE 63. GROWTH STRATEGIES IN THE MAGNETIC RESONANCE IMAGING MARKET, 2016-2018 144
FIGURE 64. ORGANIC GROWTH STRATEGIES IN THE MHEALTH MARKET, 2016-2018 145
FIGURE 65. INORGANIC DEVELOPMENTS IN THE MHEALTH MARKET, 2016-2018 147

The List of Companies - Magnetic Resonance Imaging Market

1. General Electric
2. Koninklijke Philips N.V.
3. Siemens AG
4. Canon Medical Systems Corporation
5. Esaote SpA
6. FONAR
7. Hitachi, Ltd.
8. Aspect Imaging
9. NeuSOFT Technologies
10. Time Medical Holding

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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