Magnetic Resonance Imaging (MRI) Systems Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Publication ⇒Dec-23 Delivery Time ⇒ 5-7 Business Days Report Code ⇒PBCHC387-10M-OT

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Magnetic Resonance Imaging (MRI) Systems Market – Report Overview

Pacific Business Consulting’s “Magnetic Resonance Imaging (MRI) Systems Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Magnetic Resonance Imaging (MRI) Systems market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

In 2022, the Magnetic Resonance Imaging (MRI) Systems market exceeded a valuation of over US$ 6.5 Billion, and it is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) exceeding 5% from 2023 to 2030. The market is expected to potentially surpass US$ 9.0 Billion by 2030.

Magnetic Resonance Imaging (MRI) is a non-invasive medical imaging procedure that uses advanced technology to produce detailed three-dimensional images of the body. MRI systems are crucial for the early detection, diagnosis, and monitoring of various chronic diseases without the use of harmful ionizing radiation. This imaging technology relies on detecting alterations in protons within tissue fluid to create images, making it highly effective in identifying conditions such as spinal lesions, tumors, strokes, and other abnormalities.

Key factors contributing to the growth of the global MRI systems market include:

Prevalence of Chronic Diseases: The increasing prevalence of diseases such as cancer has become a significant driver for the adoption of MRI systems. The ability of MRI to identify and diagnose conditions related to spinal lesions, tumors, and strokes plays a crucial role in early detection and treatment.

Technological Advancements: Ongoing advancements in MRI technology, including diffusion and diffusion tensor imaging, neuroimaging techniques, perfusion imaging, and functional imaging, contribute to the versatility and effectiveness of MRI systems. These innovations enhance the utility of MRI across various medical applications.

Intraoperative MRI: The growing development and usage of intraoperative MRI in fields like neurosurgery contribute to market growth. Intraoperative MRI allows real-time imaging during surgical procedures, enabling more accurate and precise interventions.

Rapid Stroke Detection: The use of diffusion-weighted MR imaging for the rapid detection of strokes within 30 minutes of onset is a significant application that enhances the diagnostic capabilities of MRI systems.

Economic Setbacks and Market Recovery: Despite economic setbacks leading to reduced sales of newer machines, the MRI systems market recovered in the second quarter of 2022. This recovery indicates resilience and potential for market growth.

Product Launches: The introduction of new MRI products, such as Bruker’s 7 Tesla and 9.4 Tesla Preclinical MRI Magnets, contributes to market expansion. Increasing innovation in MRI technology enhances the capabilities of these systems.

Growing Number of Diagnostic Imaging Centers: The increasing establishment of diagnostic imaging centers globally, equipped with advanced medical imaging equipment, including MRI systems, boosts market demand. MRI is considered essential for creating detailed images of internal organs and soft tissues without ionizing radiation.

Use in Neuroscience Research: The rising use of MRI in neuroscience research presents promising opportunities for the market. MRI’s non-invasive and non-ionizing properties make it a crucial technology for generating detailed images of the brain, supporting neurological studies and diagnoses.

Despite these growth factors, challenges such as high costs associated with purchasing and installing MRI machines, the depletion of helium gas for cooling, and delayed product approvals due to stringent regulatory frameworks impact market growth, particularly in developing regions. However, the continuous evolution of MRI technology and its expanding applications contribute to the overall positive outlook for the MRI systems market.

Leading players in the Magnetic Resonance Imaging (MRI) Systems segment, including General Electric Company, Hitachi Ltd., Esaote SpA, The InterMed Group, and Canon Medical Systems Corporation, Seimens AG, Koninklijke Philips N.V., Medtronic plc. Aurora Imaging Technologies Inc., are expected to play a crucial role in shaping the future landscape of Magnetic Resonance Imaging (MRI) Systems technologies through ongoing innovation.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Magnetic Resonance Imaging (MRI) Systems market. It also delves into the analysis of present and prospective market competition within the global Magnetic Resonance Imaging (MRI) Systems market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

  • Develop your business strategies by gaining insights into the trends that shape and drive the Magnetic Resonance Imaging (MRI) Systems market across the 10MM (Ten Major Markets).
  • Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Magnetic Resonance Imaging (MRI) Systems market.
  • Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
  • Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
  • Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.
  1. Executive Summary: Magnetic Resonance Imaging (MRI) Systems
    • Global Market Outlook: Magnetic Resonance Imaging (MRI) Systems
  2. Competitive Intelligence Analysis: Magnetic Resonance Imaging (MRI) Systems
  3. Therapeutic Sector SWOT
  4. Technology Roadmap Analysis: Magnetic Resonance Imaging (MRI) Systems
  5. Market Background
    • Drivers
    • Restraints
    • Opportunity
    • Key Market Trends
    • Key Unmet Needs
  6. Key Marketed Products Profile – Major Approved Products: Magnetic Resonance Imaging (MRI) Systems
    • Product Profile
    • Safety and Efficacy
  7. Regulatory Landscape
  8. Magnetic Resonance Imaging (MRI) Systems: Ten Major Market (10MM) – Market Analysis, By Product
    • Open System
    • Closed System
  9. Magnetic Resonance Imaging (MRI) Systems: Ten Major Market (10MM) – Market Analysis, By Application
    • Neurology
    • Musculoskeletal
    • Cardiology
    • Body Imaging
    • Gastroenterology
    • Other Applications
  10. Magnetic Resonance Imaging (MRI) Systems: Ten Major Market (10MM) – Market Analysis, By End User
    • Hospitals
    • Diagnostic & Imaging Centers
    • Other End Users
  11. Magnetic Resonance Imaging (MRI) Systems: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. S. Magnetic Resonance Imaging (MRI) Systems – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. K. Magnetic Resonance Imaging (MRI) Systems – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Germany Magnetic Resonance Imaging (MRI) Systems – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. France Magnetic Resonance Imaging (MRI) Systems – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Italy Magnetic Resonance Imaging (MRI) Systems – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Spain Magnetic Resonance Imaging (MRI) Systems – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Japan Magnetic Resonance Imaging (MRI) Systems – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. China Magnetic Resonance Imaging (MRI) Systems – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Australia Magnetic Resonance Imaging (MRI) Systems – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. India Magnetic Resonance Imaging (MRI) Systems – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Application
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Application
      • By End User
  1. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

  1. Assumptions and Acronyms Used
  2. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
  3. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
  4. Copyrights and Disclaimer

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