Global Magnetic Resonance Imaging Market to 2025
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According to a new market research study titled ‘Magnetic Resonance Imaging Market to 2025 –
Global Analysis and Forecasts by Field Strength, Architecture, Application, and End User, The global
magnetic resonance imaging market is expected to reach US$ 7,955.1 Mn in 2025 from US$
5,913.6 in 2017. The market is estimated to grow with a CAGR of 3.8% from 2018-2025. The
report highlights the trends prevalent in the global magnetic resonance imaging market and the
factors driving the market along with those that act as deterrents to its growth.
Global magnetic resonance imaging market, based on the field strength into low field MRI systems,
high-field MRI systems, and ultra-high-field MRI systems. The high-field MRI systems is the largest
segment among the field strength segment in the magnetic resonance imaging market in 2017 and
is also anticipated to hold the largest market in the year 2025. The low-field MRI systems segment
is fastest growing segment and is accounted to grow at the highest growth rate during the forecast
period. The low-field MRIs segment is also expected to dominate due to the attractive costs as they
are two to three times less expensive to the original equipment manufacturers (OEM) than that of
the high-field counterparts.
The market for magnetic resonance imaging is expected to grow due to increasing awareness
regarding early detection of diseases, technological advancements in magnetic resonance imaging,
and increasing funding and initiatives undertaken by government and private bodies to promote
MRI technology across the world are boosting the market over the years. In addition, the
development of hybrid MRI systems are likely to have a positive impact on the growth of the market
in the coming years.
Key market players operating in the market of magnetic resonance imaging across the globe
includes General Electric, Koninklijke Philips N.V., Siemens AG, Canon Medical Systems
Corporation, Esaote SpA, FONAR, Hitachi, Ltd., Aspect Imaging, Neusoft Corporation and Time
Medical Holding. For instance, in June 2018, Canon Medical Systems Corporation introduced a new
ultra-high resolution research-enabled 3T MRI System that allows for more accurate tissue
diagnosis at early disease stages. The developments performed by the companies are helping the
market to grow in the coming years.
The report segments the global magnetic resonance imaging market as follows:
Global Magnetic Resonance Imaging Market – By Field Strength
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