Magnetic Resonance Imaging Market - Snapshot

Inventive technologies and cutting-edge research have led to the development of several innovative magnetic resonance imaging equipment, helping patients live healthier and longer lives. Magnetic resonance imaging or MRI is an advanced diagnostic technology for obtaining information from the interior of the body. Magnetic resonance imaging is also used in the industry for additional technical purposes. Main advantage of magnetic resonance imaging is that it can create 3D images of the object or patient under study without hurting the patient in any way and without using any ionizing radiation.

magnetic resonance imaging industry

The global magnetic resonance imaging market was valued at US$ 5,900 Mn in 2017 and is projected to expand at a CAGR of 5.2% from 2018 to 2026. There has been a substantial rise in incidence of disorders related with spine, neurology, orthopedic, cardiovascular, head and neck, and abdominal and prostate that has increased the demand for magnetic resonance imaging equipment across the world. According to the World Health Organization (WHO), cardiovascular diseases account for approximately 9.4 million deaths globally each year. The number is slated to increase to more than 23 million by 2030. Upsurge in geriatric population is likely to boost the demand for health care products and services as this segment of population is more prone to diseases, such as, orthopedic (osteoporosis), cardiovascular diseases, etc. Early identification of these disorders is crucial for decision making and ensuring proper treatment. These diseases can be accurately diagnosed with the use of imaging equipment, such as, magnetic resonance imaging (MRI), etc. Hence, rise in aging population is expected to drive the growth of the global magnetic resonance imaging market in the near future.

Pressure on government to explore avenues to improve health care facilities for geriatric population while reducing the financial burden is on the rise. Development of health care infrastructure in emerging economies, paired with rise in awareness about available treatment options for spine, neurology, orthopedic, cardiovascular, head and neck, and abdominal and prostate health issues has led to rapid adoption of latest magnetic resonance imaging equipment in regions, such as, Asia Pacific, the Middle East, Latin America, and emerging African countries. Increased efforts of government and health care organizations in such countries toward prevention and efficient treatment of patients has boosted the adoption of magnetic resonance imaging equipment. However, high price of MRI scanners is a major restraining factor of the growth of the market in emerging countries. In these regions, complementary systems, such as, ultrasound are installed as an alternative to magnetic resonance imaging equipment. Moreover, even after procuring costly high resolution closed system MRI equipment, they could not be used as a large number of patients suffer from claustrophobia and have reservations against these equipment. These factors have resulted in limited adoption of premium devices, such as, very high field MRI (4.0t - 5.0t) and ultra-high field MRI (6.0t and above), thereby leading to ordinary growth of the market. However, technological advancements have prompted the development of high resolution open MRI equipment. These devices are likely to be widely accepted in the near future due to better patient compliance and development in the skills of caregivers.

The global magnetic resonance imaging market has been analyzed on the basis of application, design, device type, end-user, and geography. In terms of application, the spine segment held major market share in 2017 and is projected to remain dominant during the forecast period. In terms of device type, the high-field MRI (1.5T - 3.0T) segment is estimated to dominate the magnetic resonance imaging market globally during the forecast timeline.

Geographically, North America dominated the global magnetic resonance imaging market in 2017. Technological advancements, increase in prevalence of chronic diseases, rapid adoption of magnetic resonance imaging equipment by service providers, and rise in demand for early diagnose of diseases are likely to boost the magnetic resonance imaging market in this region during the forecast period. Asia Pacific is expected to witness significant growth during the forecast period. Untapped opportunities, improving health care infrastructure, favorable government initiatives, and growth in geriatric population are expected to boost the market in the region in the next few years. According to the WHO, global population aged over 60 years is expected to increase from 12% in 2015 to 22% in 2050.

Key players operating in the global magnetic resonance imaging market include Esaote SpA, AllTech Medical Systems, Koninklijke Philips N.V., Siemens Healthcare GmbH, Hitachi, Ltd., CANON MEDICAL SYSTEMS CORPORATION, GE Healthcare, and Magnetica.

Magnetic Resonance Imaging Market to Witness Significant Growth Owing to Rise in Geriatric Population

Creative advancements and bleeding edge research have prompted the improvement of a few inventive attractive reverberations imaging hardware, assisting patients with carrying on with better and longer lives. Attractive reverberation imaging or MRI is a high level analytic innovation for acquiring data from the inside of the body. Attractive reverberation imaging is likewise utilized in the business for extra specialized purposes. Primary bit of leeway of attractive reverberation imaging is that it can make 3D pictures of the article or patient under investigation without harming the patient in any capacity and without utilizing any ionizing radiation.

An upsurge in geriatric populace is probably going to support the interest for medical care items and administrations as this section of populace is more inclined to illnesses, for example, muscular (osteoporosis), cardiovascular sicknesses, and so forth Early recognizable proof of these issues is critical for dynamic and guaranteeing appropriate treatment. These sicknesses can be precisely determined to have the utilization of imaging hardware, for example, attractive reverberation imaging (MRI), and so forth Consequently, ascend in maturing populace is required to drive the development of the worldwide attractive reverberation imaging market sooner rather than later.

Improved Medical Services and Supported Government Initiatives will Augment Growth

The worldwide pandemic of the novel coronavirus had a slight effect on the magnetic resonance imaging market in terms of diagnostic urgency. Major medical research institutes were engrossed in the development of antivirus to fight the COVID-19 pandemic. However, the number of cancer cases is still on a surge, indicating huge scope of growth for both the market and its players.

Geologically, North America ruled the worldwide attractive reverberation imaging market. Mechanical headways, increment in commonness of ongoing sicknesses, fast reception of attractive reverberation imaging gear by specialist organizations, and ascend popular for early analyze of illnesses are probably going to support the attractive reverberation imaging market in this region in the coming years. Undiscovered chances, improving medical services foundation, ideal government activities, and development in geriatric populace are required to help the market in the locale in the following not many years.

Magnetic Resonance Imaging Market - Overview

This report on the magnetic resonance imaging market analyzes the current and future scenario of the global market. Magnetic resonance imaging equipment are used in the diagnosis of various critical diseases and disorders of vital organs, such as, spine, heart, and brain. Growth of the magnetic resonance imaging market is driven by rise in chronic health conditions among patient population, increase in geriatric and overall population with cardiac and neurological defects, rise in demand for advanced diagnostic technology for accurate diagnosis of life-threatening diseases, initiatives undertaken by governments, favorable reimbursement scenario, and technological advancements across the globe. Moreover, argumentative lifestyle habits and progressive rise in obese population, increased R&D investments contributing to new product launches, growing awareness about health care, along with economic growth in emerging markets and technological advancements in the medical devices industry are expected to drive the global magnetic resonance imaging market during the forecast period.

The report comprises an elaborate executive summary, which includes a market snapshot providing information on various segments of the market. It also provides information and data analysis of the global market with respect to segments based on application, design, device type, end-user, and geography. A detailed qualitative analysis of drivers, restraints, and opportunities of the market has been provided in the market overview section. In addition, the section comprises competitive matrix and company profiles with business overview to understand the competitive landscape in the market. This section of the report also provides market attractiveness analysis, in terms of geography, and market share analysis in terms of key players, thus presenting a thorough analysis of the overall competitive scenario of the global magnetic resonance imaging market.

Global Magnetic Resonance Imaging Market: Key Segments

In terms of application, the global magnetic resonance imaging market has been segmented into spine, neurology, orthopedic, cardiovascular, head and neck, abdominal and prostate, and others. Based on design, the market has been categorized into open MRI and closed MRI. In terms of device type, the market has been classified into low-to-mid field MRI (below 1.5T), high field MRI (1.5T - 3.0T), very high field (4.0T - 5.0T), and ultra-high field MRI (6.0T and above). Based on end-user, the global magnetic resonance imaging market has been divided into hospitals, ambulatory surgical centers, and diagnostic imaging centers. Market size and forecast for each of these segments have been provided in terms of US$ Mn for the period from 2016 to 2026, along with their respective CAGR for the forecast period from 2018 to 2026, considering 2017 as the base year.

Global Magnetic Resonance Imaging Market: Regional Outlook

Geographically, the global magnetic resonance imaging market has been categorized into five major regions and key countries in these regions: North America (the U.S., Canada), Europe (the U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, China, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa). Market size and forecast for each of these regions and countries have been provided for the period from 2016 to 2026, along with their respective CAGR for the forecast period from 2018 to 2026, considering 2017 as the base year. This research study also covers the competitive scenario of the market in these regions.

Companies Mentioned in Report

The report profiles major players operating in the global magnetic resonance imaging market based on various attributes, such as, company overview, financial overview, application portfolio, business strategies, and recent developments. Companies covered in this report are – Esaote SpA, AllTech Medical Systems, Koninklijke Philips N.V., Siemens Healthcare GmbH, Hitachi, Ltd., CANON MEDICAL SYSTEMS CORPORATION, GE Healthcare, and Magnetica.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

The global magnetic resonance imaging market is segmented as given below:

Application

  • Spine
  • Neurology
  • Orthopedic
  • Cardiovascular
  • Head and Neck
  • Abdominal and Prostate
  • Others

Design

  • Open MRI
  • Closed MRI

Device Type

  • Low-to-Mid Field MRI (below 1.5T)
  • High Field MRI (1.5T - 3.0T)
  • Very High Field (4.0T - 5.0T)
  • Ultra-High Field MRI (6.0T and Above)

End-user

  • Hospitals
  • Ambulatory Surgical Centers
  • Diagnostic Imaging Centers

Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • France
    • Germany
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

1. Preface 
     1.1. Report Scope and Market Segmentation 
     1.2. Research Highlights

2. Assumptions and Research Methodology 
     2.1. Assumptions and Acronyms Used 
     2.2. Research Methodology

3. Executive Summary 
     3.1. Global Magnetic Resonance Imaging Market Size (US$ Mn) and Distribution, by Region, 2018 and 2026 
     3.2. Global Magnetic Resonance Imaging Market: Market Snapshot

4. Market Overview 
     4.1. Global Magnetic Resonance Imaging Market: Application Overview 
     4.2. Global Magnetic Resonance Imaging Market: Key Industry Developments 
     4.3. Market Dynamics 
     4.4. Drivers and Restraints Snapshot Analysis 
     4.5. Drivers 
     4.6. Restraints 
     4.7. Opportunities 
     4.8. Global Magnetic Resonance Imaging Market Revenue Projections (US$ Mn), 2016–2026

5. Market Outlook 
     5.1. Novel and Advanced Magnetic Resonance Imaging/Equipment and Services 
     5.2. Technological Development in Magnetic Resonance Imaging/Equipment 
     5.3. Total Diagnostic Imaging Procedure Volume – by Key Regions (2017)

6. Global Magnetic Resonance Imaging Market Analysis, by Application 
     6.1. Introduction 
     6.2. Key Insights 
     6.3. Global Magnetic Resonance Imaging Market Size and Forecast, by Application 
            6.3.1. Spine 
            6.3.2. Neurology 
            6.3.3. Orthopedic 
            6.3.4. Cardiovascular 
            6.3.5. Head and Neck 
            6.3.6. Abdominal and Prostate 
            6.3.7. Others 
     6.4. Global Magnetic Resonance Imaging Market Analysis, by Application 
     6.5. Global Magnetic Resonance Imaging Market Attractiveness Analysis, by Application

7. Global Magnetic Resonance Imaging Market Analysis, by Design 
     7.1. Introduction 
     7.2. Key Insights 
     7.3. Global Magnetic Resonance Imaging Market Size and Forecast, by Design 
            7.3.1. Open MRI 
            7.3.2. Closed MRI 
     7.4. Global Magnetic Resonance Imaging Market Analysis, by Design 
     7.5. Global Magnetic Resonance Imaging Market Attractiveness Analysis, by Design

8. Global Magnetic Resonance Imaging Market Analysis, by Device Type 
     8.1. Introduction 
     8.2. Key Insights 
     8.3. Global Magnetic Resonance Imaging Market Size and Forecast, by Device Type 
            8.3.1. Low-to-Mid Field MRI (below 1.5T) 
            8.3.2. High Field MRI (1.5T - 3.0T) 
            8.3.3. Very High Field (4.0T - 5.0T) 
            8.3.4. Ultra-High Field MRI (6.0T and Above) 
     8.4. Global Magnetic Resonance Imaging Market Analysis, by Device Type 
     8.5. Global Magnetic Resonance Imaging Market Attractiveness Analysis, by Device Type

9. Global Magnetic Resonance Imaging Market Analysis, by End-user 
     9.1. Introduction 
     9.2. Key Insights 
     9.3. Global Magnetic Resonance Imaging Market Size and Forecast, by End-user 
            9.3.1. Hospitals 
            9.3.2. Ambulatory Surgical Centers 
            9.3.3. Diagnostic Imaging Centers 
     9.4. Global Magnetic Resonance Imaging Market Analysis, by End-user 
     9.5. Global Magnetic Resonance Imaging Market Attractiveness Analysis, by End-user

10. Global Magnetic Resonance Imaging Market Analysis, by Region 
     10.1. Global Magnetic Resonance Imaging Market Size and Forecast, by Region, 2016–2026 
            10.1.1. North America 
            10.1.2. Europe 
            10.1.3. Asia Pacific 
            10.1.4. Latin America 
            10.1.5. Middle East & Africa 
     10.2. Global Magnetic Resonance Imaging Market Analysis, by Region 
     10.3. Global Magnetic Resonance Imaging Market Attractiveness Analysis, by Region

11. North America Magnetic Resonance Imaging Market Analysis 
     11.1. North America Magnetic Resonance Imaging Market Key Findings 
     11.2. North America Magnetic Resonance Imaging Market Overview 
     11.3. North America Magnetic Resonance Imaging Market Size and Forecast, by Application 
            11.3.1. Spine 
            11.3.2. Neurology 
            11.3.3. Orthopedic 
            11.3.4. Cardiovascular 
            11.3.5. Head and Neck 
            11.3.6. Abdominal and Prostate 
            11.3.7. Others 
     11.4. North America Magnetic Resonance Imaging Market Size and Forecast, by Design 
            11.4.1. Open MRI 
            11.4.2. Closed MRI 
     11.5. North America Magnetic Resonance Imaging Market Size and Forecast, by Device Type 
            11.5.1. Low-to-Mid Field MRI (below 1.5T) 
            11.5.2. High Field MRI (1.5T - 3.0T) 
            11.5.3. Very High Field (4.0T - 5.0T) 
            11.5.4. Ultra-High Field MRI (6.0T and Above) 
     11.6. North America Magnetic Resonance Imaging Market Size and Forecast, by End-user 
            11.6.1. Hospitals 
            11.6.2. Ambulatory Surgical Centers 
            11.6.3. Diagnostic Imaging Centers 
     11.7. North America Magnetic Resonance Imaging Market Forecast, by Country 
            11.7.1. U.S. 
            11.7.2. Canada 
     11.8. North America Magnetic Resonance Imaging Market Attractiveness Analysis 
            11.8.1. By Application 
            11.8.2. By Design 
            11.8.3. By Device Type 
            11.8.4. By End-user 
            11.8.5. By Country

12. Europe Magnetic Resonance Imaging Market Analysis 
     12.1. Europe Magnetic Resonance Imaging Market Key Findings 
     12.2. Europe Magnetic Resonance Imaging Market Overview 
     12.3. Europe Magnetic Resonance Imaging Market Size and Forecast, by Application 
            12.3.1. Spine 
            12.3.2. Neurology 
            12.3.3. Orthopedic 
            12.3.4. Cardiovascular 
            12.3.5. Head and Neck 
            12.3.6. Abdominal and Prostate 
            12.3.7. Others 
     12.4. Europe Magnetic Resonance Imaging Market Size and Forecast, by Design 
            12.4.1. Open MRI 
            12.4.2. Closed MRI 
     12.5. Europe Magnetic Resonance Imaging Market Size and Forecast, by Device Type 
            12.5.1. Low-to-Mid Field MRI (below 1.5T) 
            12.5.2. High Field MRI (1.5T - 3.0T) 
            12.5.3. Very High Field (4.0T - 5.0T) 
            12.5.4. Ultra-High Field MRI (6.0T and Above) 
     12.6. Europe Magnetic Resonance Imaging Market Size and Forecast, by End-user 
            12.6.1. Hospitals 
            12.6.2. Ambulatory Surgical Centers 
            12.6.3. Diagnostic Imaging Centers 
     12.7. Europe Magnetic Resonance Imaging Market Forecast, by Country/Sub-region 
            12.7.1. U.K. 
            12.7.2. France 
            12.7.3. Germany 
            12.7.4. Spain 
            12.7.5. Italy 
            12.7.6. Rest of Europe 
     12.8. Europe Magnetic Resonance Imaging Market Attractiveness Analysis 
            12.8.1. By Application 
            12.8.2. By Design 
            12.8.3. By Device Type 
            12.8.4. By End-user 
            12.8.5. By Country/Sub-region

13. Asia Pacific Magnetic Resonance Imaging Market Analysis 
     13.1. Asia Pacific Magnetic Resonance Imaging Market Key Findings 
     13.2. Asia Pacific Magnetic Resonance Imaging Market Overview 
     13.3. Asia Pacific Magnetic Resonance Imaging Market Size and Forecast, by Application 
            13.3.1. Spine 
            13.3.2. Neurology 
            13.3.3. Orthopedic 
            13.3.4. Cardiovascular 
            13.3.5. Head and Neck 
            13.3.6. Abdominal and Prostate 
            13.3.7. Others 
     13.4. Asia Pacific Magnetic Resonance Imaging Market Size and Forecast, by Design 
            13.4.1. Open MRI 
            13.4.2. Closed MRI 
     13.5. Asia Pacific Magnetic Resonance Imaging Market Size and Forecast, by Device Type 
            13.5.1. Low-to-Mid Field MRI (below 1.5T) 
            13.5.2. High Field MRI (1.5T - 3.0T) 
            13.5.3. Very High Field (4.0T - 5.0T) 
            13.5.4. Ultra-High Field MRI (6.0T and Above) 
     13.6. Asia Pacific Magnetic Resonance Imaging Market Size and Forecast, by End-user 
            13.6.1. Hospitals 
            13.6.2. Ambulatory Surgical Centers 
            13.6.3. Diagnostic Imaging Centers 
     13.7. Asia Pacific Magnetic Resonance Imaging Market Forecast, by Country/Sub-region 
            13.7.1. China 
            13.7.2. India 
            13.7.3. Japan 
            13.7.4. Australia & New Zealand 
            13.7.5. Rest of Asia Pacific 
     13.8. Asia Pacific Magnetic Resonance Imaging Market Attractiveness Analysis 
            13.8.1. By Application 
            13.8.2. By Design 
            13.8.3. By Device Type 
            13.8.4. By End-user 
            13.8.5. By Country/Sub-region

14. Latin America Magnetic Resonance Imaging Market Analysis 
     14.1. Latin America Magnetic Resonance Imaging Market Key Findings 
     14.2. Latin America Magnetic Resonance Imaging Market Overview 
     14.3. Latin America Magnetic Resonance Imaging Market Size and Forecast, by Application 
            14.3.1. Spine 
            14.3.2. Neurology 
            14.3.3. Orthopedic 
            14.3.4. Cardiovascular 
            14.3.5. Head and Neck 
            14.3.6. Abdominal and Prostate 
            14.3.7. Others 
     14.4. Latin America Magnetic Resonance Imaging Market Size and Forecast, by Design 
            14.4.1. Open MRI 
            14.4.2. Closed MRI 
     14.5. Latin America Magnetic Resonance Imaging Market Size and Forecast, by Device Type 
            14.5.1. Low-to-Mid Field MRI (below 1.5T) 
            14.5.2. High Field MRI (1.5T - 3.0T) 
            14.5.3. Very High Field (4.0T - 5.0T) 
            14.5.4. Ultra-High Field MRI (6.0T and Above) 
     14.6. Latin America Magnetic Resonance Imaging Market Size and Forecast, by End-user 
            14.6.1. Hospitals 
            14.6.2. Ambulatory Surgical Centers 
            14.6.3. Diagnostic Imaging Centers 
     14.7. Latin America Magnetic Resonance Imaging Market Forecast, by Country/Sub-region 
            14.7.1. Brazil 
            14.7.2. Mexico 
            14.7.3. Rest of Latin America 
     14.8. Latin America Magnetic Resonance Imaging Market Attractiveness Analysis 
            14.8.1. By Application 
            14.8.2. By Design 
            14.8.3. By Device Type 
            14.8.4. By End-user 
            14.8.5. By Country/Sub-region

15. Middle East & Africa Magnetic Resonance Imaging Market Analysis 
     15.1. Middle East & Africa Magnetic Resonance Imaging Market Key Findings 
     15.2. Middle East & Africa Magnetic Resonance Imaging Market Size and Forecast, by Application 
            15.2.1. Spine 
            15.2.2. Neurology 
            15.2.3. Orthopedic 
            15.2.4. Cardiovascular 
            15.2.5. Head and Neck 
            15.2.6. Abdominal and Prostate 
            15.2.7. Others 
     15.3. Middle East & Africa Magnetic Resonance Imaging Market Size and Forecast, by Design 
            15.3.1. Open MRI 
            15.3.2. Closed MRI 
     15.4. Middle East & Africa Magnetic Resonance Imaging Market Size and Forecast, by Device Type 
            15.4.1. Low-to-Mid Field MRI (below 1.5T) 
            15.4.2. High Field MRI (1.5T - 3.0T) 
            15.4.3. Very High Field (4.0T - 5.0T) 
            15.4.4. Ultra-High Field MRI (6.0T and Above) 
     15.5. Middle East & Africa Magnetic Resonance Imaging Market Size and Forecast, by End-user 
            15.5.1. Hospitals 
            15.5.2. Ambulatory Surgical Centers 
            15.5.3. Diagnostic Imaging Centers 
     15.6. Middle East & Africa Magnetic Resonance Imaging Market Forecast, by Country/Sub-region 
            15.6.1. GCC Countries 
            15.6.2. South Africa 
            15.6.3. Rest of Middle East & Africa 
     15.7. Middle East & Africa Magnetic Resonance Imaging Market Attractiveness Analysis 
            15.7.1. By Application 
            15.7.2. By Design 
            15.7.3. By Device Type 
            15.7.4. By End-user 
            15.7.5. By Country/Sub-region

16. Competition Landscape 
     16.1. Company Profiles 
            16.1.1. AllTech Medical Systems 
                      16.1.1.1. Overview (HQ, Employee Strength, Business Segments) 
                      16.1.1.2. Financials 
                      16.1.1.3. Recent Developments 
                      16.1.1.4. Strategy 
            16.1.2. Koninklijke Philips N.V. 
                      16.1.2.1. Overview (HQ, Employee Strength, Business Segments) 
                      16.1.2.2. Financials 
                      16.1.2.3. Recent Developments 
                      16.1.2.4. Strategy 
            16.1.3. Siemens Healthcare GmbH 
                      16.1.3.1. Overview (HQ, Employee Strength, Business Segments) 
                      16.1.3.2. Financials 
                      16.1.3.3. Recent Developments 
                      16.1.3.4. Strategy 
            16.1.4. Hitachi, Ltd. 
                      16.1.4.1. Overview (HQ, Employee Strength, Business Segments) 
                      16.1.4.2. Financials 
                      16.1.4.3. Recent Developments 
                      16.1.4.4. Strategy 
            16.1.5. CANON MEDICAL SYSTEMS CORPORATION. 
                      16.1.5.1. Overview (HQ, Employee Strength, Business Segments) 
                      16.1.5.2. Financials 
                      16.1.5.3. Recent Developments 
                      16.1.5.4. Strategy 
            16.1.6. GE Healthcare 
                      16.1.6.1. Overview (HQ, Employee Strength, Business Segments) 
                      16.1.6.2. Financials 
                      16.1.6.3. Recent Developments 
                      16.1.6.4. Strategy 
            16.1.7. Magnetica 
                      16.1.7.1. Overview (HQ, Employee Strength, Business Segments) 
                      16.1.7.2. Financials 
                      16.1.7.3. Recent Developments 
                      16.1.7.4. Strategy 
            16.1.8. Esaote SpA 
                      16.1.8.1. Overview (HQ, Employee Strength, Business Segments) 
                      16.1.8.2. Financials 
                      16.1.8.3. Recent Developments 
                      16.1.8.4. Strategy

List of Tables

TABLE 1 Global Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Application, 2016–2026
TABLE 2 Global Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Design, 2016–2026
TABLE 3 Global Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Device Type, 2016–2026
TABLE 4 Global Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by End-user, 2016–2026
TABLE 5 Global Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Region, 2016–2026
TABLE 6 North America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Country, 2016–2026
TABLE 7 North America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Application, 2016–2026
TABLE 8 North America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Design Type, 2016–2026
TABLE 9 North America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Device Type, 2016–2026
TABLE 10 North America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by End-user, 2016–2026
TABLE 11 Europe Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Country/Sub-region, 2016–2026
TABLE 12 Europe Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Application, 2016–2026
TABLE 13 Europe Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Design Type, 2016–2026
TABLE 14 Europe Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Device Type, 2016–2026
TABLE 15 Europe Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by End-user, 2016–2026
TABLE 16 Asia Pacific Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Country/Sub-region, 2016–2026
TABLE 17 Asia Pacific Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Application, 2016–2026
TABLE 18 Asia Pacific Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Design Type, 2016–2026
TABLE 19 Asia Pacific Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Device Type, 2016–2026
TABLE 20 Asia Pacific Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by End-user, 2016–2026
TABLE 21 Latin America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Country/Sub-region, 2016–2026
TABLE 22 Latin America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Application, 2016–2026
TABLE 23 Latin America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Design Type, 2016–2026
TABLE 24 Latin America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Device Type, 2016–2026
TABLE 25 Latin America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by End-user, 2016–2026
TABLE 26 Middle East & Africa Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Country/Sub-region, 2016–2026
TABLE 27 Middle East & Africa Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Application, 2016–2026
TABLE 28 Middle East & Africa Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Design Type, 2016–2026
TABLE 29 Middle East & Africa Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by Device Type, 2016–2026
TABLE 30 Middle East & Africa Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, by End-user, 2016–2026

List of Figures

FIG. 1 Global Magnetic Resonance Imaging Market Size (US$ Mn) Forecast, 2018–2026
FIG. 2 Global Magnetic Resonance Imaging Market Value Share Analysis, by Application, 2017 and 2026
FIG. 3 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Spine, 2016–2026
FIG. 4 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Neurology, 2016–2026
FIG. 5 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Orthopedic,
FIG. 6 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Cardiovascular, 2016–2026
FIG. 7 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Head and Neck, 2016–2026
FIG. 8 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Abdominal and Prostate, 2016–2026
FIG. 9 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Others, 2016–2026
FIG. 10 Global Magnetic Resonance Imaging Market Attractiveness Analysis, by Application
FIG. 11 Global Magnetic Resonance Imaging Market Value Share Analysis, by Design, 2017 and 2026
FIG. 12 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Open MRI, 2016–2026
FIG. 13 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Closed MRI, 2016–2026
FIG. 14 Global Magnetic Resonance Imaging Market Attractiveness Analysis, by Design 
FIG. 15 Global Magnetic Resonance Imaging Market Value Share Analysis, by Device Type, 2017 and 2026
FIG. 16 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Low-to-Mid Field MRI (below 1.5T), 2016–2026
FIG. 17 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by High Field MRI (1.5T - 3.0T), 2016–2026
FIG. 18 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Very High Field (4.0T - 5.0T),
FIG. 19 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Ultra High Field MRI (6.0T and Above), 2016–2026
FIG. 20 Global Magnetic Resonance Imaging Market Attractiveness Analysis, by Device Type
FIG. 21 Global Magnetic Resonance Imaging Market Value Share Analysis, by End-user
FIG. 22 Global Magnetic Resonance Imaging Market Attractiveness, by End-user, 2018–2026
FIG. 23 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Hospitals, 2016–2026
FIG. 24 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Ambulatory Surgical Centers, 2016–2026
FIG. 25 Global Magnetic Resonance Imaging Market Size (US$ Mn) and Y-o-Y Growth, by Diagnostic Imaging Centers, 2016–2026
FIG. 26 Global Magnetic Resonance Imaging Market Value Share Analysis, by Region, 2016 and 2025
FIG. 27 Global Magnetic Resonance Imaging Market Attractiveness Analysis, by Region
FIG. 28 North America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2026
FIG. 29 North America Magnetic Resonance Imaging Market Value Share, by Country, 2017 and 2026
FIG. 30 North America Magnetic Resonance Imaging Market Attractiveness, by Country, 2018–2026
FIG. 31 North America Magnetic Resonance Imaging Market Value Share Analysis, by Application
FIG. 32 North America Magnetic Resonance Imaging Market Attractiveness, by Application, 2018–2026
FIG. 33 North America Magnetic Resonance Imaging Market Value Share Analysis, by Design Type
FIG. 34 North America Magnetic Resonance Imaging Market Attractiveness, by Design Type, 2018–2026
FIG. 35 North America Magnetic Resonance Imaging Market Value Share Analysis, by Device Type
FIG. 36 North America Magnetic Resonance Imaging Market Attractiveness, by Device Type, 2018–2026
FIG. 37 North America Magnetic Resonance Imaging Market Value Share Analysis, by End-user
FIG. 38 North America Magnetic Resonance Imaging Market Attractiveness, by End-user, 2018–2026
FIG. 39 Europe Magnetic Resonance Imaging Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2016–2026
FIG. 40 Europe Magnetic Resonance Imaging Market Value Share, by Country/Sub-region, 2017 and 2026
FIG. 41 Europe Magnetic Resonance Imaging Market Attractiveness, by Country/Sub-region, 2018–2026
FIG. 42 Europe Magnetic Resonance Imaging Market Value Share Analysis, by Application
FIG. 43 Europe Magnetic Resonance Imaging Market Attractiveness, by Application, 2018–2026
FIG. 44 Europe Magnetic Resonance Imaging Market Value Share Analysis, by Design Type
FIG. 45 Europe Magnetic Resonance Imaging Market Attractiveness, by Design Type, 2018–2026
FIG. 46 Europe Magnetic Resonance Imaging Market Value Share Analysis, by Device Type
FIG. 47 Europe Magnetic Resonance Imaging Market Attractiveness, by Device Type, 2018–2026
FIG. 48 Europe Magnetic Resonance Imaging Market Value Share Analysis, by End-user
FIG. 49 Europe Magnetic Resonance Imaging Market Attractiveness, by End-user, 2018–2026
FIG. 50 Asia Pacific Magnetic Resonance Imaging Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2018–2026
FIG. 51 Asia Pacific Magnetic Resonance Imaging Market Value Share, by Country/Sub-region, 2017 and 2026
FIG. 52 Asia Pacific Magnetic Resonance Imaging Market Attractiveness, by Country/Sub-region, 2018–2026
FIG. 53 Asia Pacific Magnetic Resonance Imaging Market Value Share Analysis, by Application
FIG. 54 Asia Pacific Magnetic Resonance Imaging Market Attractiveness, by Application, 2018–2026
FIG. 55 Asia Pacific Magnetic Resonance Imaging Market Value Share Analysis, by Design Type
FIG. 56 Asia Pacific Magnetic Resonance Imaging Market Attractiveness, by Design Type, 2018–2026
FIG. 57 Asia Pacific Magnetic Resonance Imaging Market Value Share Analysis, by Device Type
FIG. 58 Asia Pacific Magnetic Resonance Imaging Market Attractiveness, by Device Type, 2018–2026
FIG. 59 Asia Pacific Magnetic Resonance Imaging Market Value Share Analysis, by End-user
FIG. 60 Asia Pacific Magnetic Resonance Imaging Market Attractiveness, by End-user, 2018–2026
FIG. 61 Latin America Magnetic Resonance Imaging Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2016–2026
FIG. 62 Latin America Magnetic Resonance Imaging Market Value Share, by Country/Sub-region, 2017 and 2026
FIG. 63 Latin America Magnetic Resonance Imaging Market Attractiveness, by Country/Sub-region, 2018–2026
FIG. 64 Latin America Magnetic Resonance Imaging Market Value Share Analysis, by Application
FIG. 65 Latin America Magnetic Resonance Imaging Market Attractiveness, by Application, 2018–2026
FIG. 66 Latin America Magnetic Resonance Imaging Market Value Share Analysis, by Design Type
FIG. 67 Latin America Magnetic Resonance Imaging Market Attractiveness, by Design Type, 2018–2026
FIG. 68 Latin America Magnetic Resonance Imaging Market Value Share Analysis, by Device Type
FIG. 69 Latin America Magnetic Resonance Imaging Market Attractiveness, by Device Type, 2018–2026
FIG. 70 Latin America Magnetic Resonance Imaging Market Value Share Analysis, by End-user
FIG. 71 Latin America Magnetic Resonance Imaging Market Attractiveness, by End-user, 2018–2026
FIG. 72 Middle East & Africa Magnetic Resonance Imaging Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2016–2026
FIG. 73 Middle East & Africa Magnetic Resonance Imaging Market Value Share, by Country/Sub-region, 2017 and 2026
FIG. 74 Middle East & Africa Magnetic Resonance Imaging Market Attractiveness, by Country/Sub-region, 2018–2026
FIG. 75 Middle East & Africa Magnetic Resonance Imaging Market Value Share Analysis, by Application
FIG. 76 Middle East & Africa Magnetic Resonance Imaging Market Attractiveness, by Application, 2018–2026
FIG. 77 Middle East & Africa Magnetic Resonance Imaging Market Value Share Analysis, by Design Type
FIG. 78 Middle East & Africa Magnetic Resonance Imaging Market Attractiveness, by Design Type, 2018–2026
FIG. 79 Middle East & Africa Magnetic Resonance Imaging Market Value Share Analysis, by Device Type
FIG. 80 Middle East & Africa Magnetic Resonance Imaging Market Attractiveness, by Device Type, 2018–2026
FIG. 81 Middle East & Africa Magnetic Resonance Imaging Market Value Share Analysis, by End-user
FIG. 82 Middle East & Africa Magnetic Resonance Imaging Market Attractiveness, by End-user, 2018–2026

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Magnetic Resonance Imaging Market 2018 2026