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Magnetic Resonance Equipment Market Top Key Players, Size Estimation, Industry Share, Business Analysis and Growth Forecast to 2026

Jul 1, 2020

Magnetic Resonance Equipement Market is a professional and comprehensive report on the industry. The report monitors the key trends and market drivers in the current scenario and offers on-the-ground insights.

The Global “MRI Equipment Market 2020”, which remained at US$ 7,165.6 Mn in 2017, will reach US$ 11,725.9 Mn before the finish of 2025. In the event that these figures demonstrate genuinely, the worldwide attractive reverberation imaging gear market will ascend at a CAGR of 6.4% somewhere in the range of 2018 and 2025. The rising demand from musculoskeletal application segment is prognosticated to help the global MRI Equipment Market rise at a positive pace, finds Fortune Business Insights in their new study. The study is titled, “Magnetic Resonance Imaging Equipment Market: Global Market Analysis, Insights and Forecasts, 2018 2025.”


Key Players Operating in The MRI Equipment Market Include:


Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:


    • GE Healthcare


    • Siemens Healthcare


    • Koninklijke Philips N.V.


    • Canon Inc.


    • Hitachi, Ltd.


    • Esaote SpA


    • Shenzhen Anke High-tech Co., Ltd.


    • Time Medical Holding




    • Fonar Corporation



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Highlights of the Report:


    • In-depth analysis of various insights, namely, MRI Equipment Market trends, growth drivers, opportunities, and other related challenges.


    • Comprehensive details of key market players, their core competencies, and MRI Equipment Market share.


    • The potency of suppliers and buyers to make better business decisions.


    • Lists out the market size in terms of volume.



The advent of Superconducting Magnets and Software Upgrades to Boost Market


Using magnetic resonance imaging technique is considered as an effective way of diagnosing disorders of the central nervous system, spine lesions, tumors, and the stroke affected areas of blood vessels and brain. The demand for this system is increasing with the rising geriatric population and their susceptibility to various diseases.


Also, the rising demand for minimally invasive or non-invasive diagnostic procedures will boost the uptake of magnetic resonance imaging machines. With recent advancements in scanning techniques such as superconducting magnets, MRI systems, and software grades, the demand for magnetic resonance imaging machines is also increasing. Such factors will bode well for the market during the forecast tenure.


Increasing Emphasis of Early Diagnosis to Boost MRI Equipment Market in Latin America


The increasing adoption of MRI systems for detection of severe internal injuries is propelling the MRI Equipment Market in the Asia Pacific. This regional market also exhibits growth at a relatively higher pace. Besides, the increasing incidence of neurological and musculoskeletal disorders and the rising number of the patient pool will also bode well for the market. Government initiatives for installing new MRI machines in developing economies is likely to boost the market in the Asia Pacific.


The adoption of new MRI techniques and the presence of the majority of market players in North America will help the market to emerge at the fore. Meanwhile, the market in Latin America is likely to witness lucrative growth opportunities because of the increased adoption of MRI systems in the region. This, coupled with the rising emphasis of early diagnosis will help the market in Latin America contribute a significant share in overall market revenue.


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Segmentation of the Global Magnetic Resonance Imaging (MRI) Systems Market


By Strength


    • Less than 1.5 T


    • 1.5 T


    • More than 1.5 T



By Application


    • Musculoskeletal


    • Neurology


    • Cardiology


    • Body Imaging


    • Others



By End user



    • Hospitals


    • Ambulatory Surgical Centers


    • Diagnostic Centers



By Geography


    • North America (USA and Canada)


    • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)


    • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)


    • Latin America (Brazil, Mexico, Rest of Latin America)


    • Middle East and Africa (GCC, South Africa, Rest of Middle East and Africa)



Report Focus:


    • Extensive product offerings


    • Customer research services


    • Robust research methodology


    • Comprehensive reports


    • Latest technological developments


    • Value chain analysis


    • Potential MRI Equipment Market opportunities


    • Growth dynamics


    • Quality assurance


    • Post-sales support


    • Regular report updates



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Reasons to Purchase this Report:


    • Comprehensive analysis of the MRI Equipment Market growth drivers, obstacles, opportunities, and other related challenges.


    • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.


    • Identifies market restraints and boosters.


    • Identifies all the possible segments present in the market to aid organizations in strategic business planning.





    • What is the market size and growth rate of the global and regional market by various segments?


    • What is the market size and growth rate of the market for selective countries?


    • Which region or sub-segment is expected to drive the market in the forecast period?


    • What Factors are estimated to drive and restrain the MRI Equipment Market growth?


    • What are the key technological and market trends shaping the market?


    • What are the key opportunities in the market?


    • What are the key companies operating in the market?


    • Which company accounted for the highest market share?



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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.


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