MRI Systems Market by Field Strength (Low-to-mid, High, Very-high Field), by Architecture (Open MRI Systems and Closed MRI Systems (Standard Bore and Wide Bore) - Global Forecast to 2029

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The global MRI systems market size is estimated to be USD 6,537.1 million in 2021 and is expected to witness a CAGR of 4.58% during the forecast period. Discovery of new helium deposits, technological advancements, increasing focus on the replacement of low-field MRI systems with high-field MRI systems, and increasing geriatric population are the factors driving the growth of this market. However, the presence of high cost of MRI systems, incompatibility of MRI systems in some patient populations, and declining reimbursement rates for MRI procedures and uncertain outcomes are expected to hinder the global MRI systems market growth.

Global MRI Systems Market Size (USD Million), 2021-2029

Source: Erevna Healthcare

By Architecture

On the basis of architecture, the market is categorized into closed MRI systems, standard bore MRI, wide-bore MRI, and open MRI systems. The closed systems segment accounted for the highest revenue share in 2021 and is projected to register the highest CAGR during the forecast period. Closed MRI systems are more powerful and offer higher image quality and throughput.

By Field Strength

Based on field strength, the market is divided into low-to-mid-field (<1.5t), high-field (1.5t to 3t), and very-high-field (4t and above) MRI systems. The very-high-field MRI systems market is expected to grow at the fastest CAGR during the forecast period. The market growth for this segment is high as it is in its nascent stage and rising adoption of advanced technologies.

Regional Insights

North America accounted for the largest revenue share of the global market in 2021. The Asia Pacific is projected to grow at the fastest CAGR during the forecast period. Growth in this market can be attributed to the rising geriatric population, increasing FDI (enabling local and foreign MRI manufacturers to invest in MRI development projects), improving healthcare infrastructure, increasing disposable incomes, and rising demand for high-field MRI equipment in several Asia Pacific countries.

Competitor Insights

Some of the major companies in the market are Hitachi (Japan), Siemens Healthineers (Germany), Canon Medical Systems (Japan), GE Healthcare (U.S.), Philips (Netherlands), Aspect Imaging, Bruker (U.S.), Aurora Imaging Technology (U.S.), Esaote S.P.A (Italy), Fonar Corporation (U.S.), Neusoft Medical Systems (China), Shenzhen Mindray Bio-Medical Electronics (China). Investment in R&D, novel product launches, and strategic collaborations & acquisitions are some of the major strategies adopted by the leading players operating in the industry.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2018 to 2026. The MRI systems market report is categorized into the following segments and subsegments:

MRI Systems Market, By Field Strength (Revenue, 2021-2029, USD Million)

  • High-Field MRI Systems (1.5t to 3t)
    • 5t MRI Systems
    • 6.2.2 3t MRI Systems
  • Low-To-Mid-Field MRI Systems (<1.5t)
  • Very-High-Field MRI Systems (4t and Above

MRI Systems Market, By Architecture (Revenue, 2021-2029, USD Million)

  • Closed MRI Systems
  • Standard Bore MRI
  • Wide-Bore MRI
  • Open MRI Systems

MRI Systems Market, By Region (Revenue, 2021-2029, USD Million)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Scope of MRI Systems Market Report:

Key Parameters Details
Base Year
  • 2021
Forecast Period
  • 2022-2029
Study Coverage
  • Global and regional market size and revenue forecast
  • Segment market size and revenue forecast at global, regional, and country level
  • Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis)
  • Conclusion and recommendations
Qualitative Analysis
  • Market drivers
  • Market restraints
  • Market opportunities
  • Recent market trends
  • Market challenges
  • Porter’s Five Forces analysis
  • PEST analysis
  • Value-chain analysis
  • COVID-19 impact analysis
Regional Market Scope
  • North America (U.S. and Canada)
  • Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
  • Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
  • MEA (South Africa, GCC, Rest of MEA)
Company Profiles
  • Exhaustive profiles of top 15 players
  • 50+ other major players listing
15% Free Customization Available
  • You can customize the study scope to meet your exact requirement. Click here for more details

Table of Contents: MRI Systems Market 2021-2029

  1. Research Methodology

    1. Study Objectives
    2. Study Scope
    3. Research Assumptions
    4. Research Framework

      1. Research Models

        1. Bottom-up Approach
        2. Top-down Approach
        3. Data Triangulation
      2. Data Procurement

        1. Internal Database
        2. Secondary Research
        3. Purchased Database
        4. Primary Research
      3. Data Analysis

        1. Data Validation
        2. Market Size Estimation
        3. Market Forecast Model
      4. Quality Assessment
  2. Introduction: MRI Systems
  3. Executive Summary

    1. Global Market Scenario
    2. Segment Market Scenario
    3. Geographic Market Scenario
    4. COVID-19 Impact
    5. Competitive Landscape
  4. Market Dynamics

    1. Market Drivers

      1. Driver 1
      2. Driver 2
      3. Driver 3
      4. Driver 4
      5. Driver 5
    2. Market Restraint

      1. Restraint 1
      2. Restraint 2
      3. Restraint 3
      4. Restraint 4
    3. Market Opportunities

      1. Opportunity 1
      2. Opportunity 2
      3. Opportunity 3
      4. Opportunity 4
    4. Market Trends

      1. Trend 1
      2. Trend 2
      3. Trend 3
      4. Trend 4
    5. Market Challenges

      1. Challenge 1
      2. Challenge 2
      3. Challenge 3
      4. Challenge 4
  5. Market Environment Analysis

    1. Porter’s 5 Forces Analysis
    2. PESTEL Analysis
    3. Value Chain Analysis
    4. SWOT Analysis
    5. Benchmark
  6. COVID-19 Impact Analysis: MRI Systems Market

    1. COVID-19: Overview
    2. COVID-19 Impact on the Global Market
    3. COVID-19 Impact on the Regional Markets
  7. Market Analysis by Field Strength

    1. High-Field MRI Systems (1.5t to 3t)

      1. High-Field MRI Systems (1.5t to 3t) Market Forecast, 2021-2029 (USD Million)
    2. Low-To-Mid-Field MRI Systems (<1.5t)

      1. Low-To-Mid-Field MRI Systems (<1.5t) Market Forecast, 2021-2029 (USD Million)
    3. Very-High-Field MRI Systems (4t and above)

      1. Very-High-Field MRI Systems (4t and above) Market Forecast, 2021-2029 (USD Million)
  8. Market Analysis by Architecture

    1. Closed MRI Systems

      1. Closed MRI Systems Market Forecast, 2021-2029 (USD Million)
    2. Standard Bore MRI

      1. Standard Bore MRI Market Forecast, 2021-2029 (USD Million)
    3. Wide-Bore MRI

      1. Wide-Bore MRI Market Forecast, 2021-2029 (USD Million)
    4. Open MRI Systems

      1. Open MRI Systems Market Forecast, 2021-2029 (USD Million)
  9. Regional Market Analysis

    1. Regional Market Trends
    2. Regional Market: Comparative Analysis
  10. North America MRI Systems Market

    1. North America MRI Systems Market

      1. North America Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    2. US. MRI Systems Market

      1. US. Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    3. Canada MRI Systems Market

      1. Canada Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
  11. Europe MRI Systems Market

    1. Europe MRI Systems Market

      1. Europe Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    2. Germany MRI Systems Market

      1. Germany Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    3. UK MRI Systems Market

      1. UK Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    4. France MRI Systems Market

      1. France Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    5. Spain MRI Systems Market

      1. Spain Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    6. Italy MRI Systems Market

      1. Italy Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    7. Rest of Europe MRI Systems Market

      1. Rest of Europe Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
  12. Asia Pacific MRI Systems Market

    1. Asia Pacific MRI Systems Market

      1. Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    2. Japan MRI Systems Market

      1. Japan Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    3. China MRI Systems Market

      1. China Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    4. India MRI Systems Market

      1. India Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    5. South Korea MRI Systems Market

      1. South Korea Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
        3. Market Size and Forecast by Device, 2021-2029 (USD Million)
    6. Australia MRI Systems Market

      1. Australia Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    7. Rest of Asia Pacific MRI Systems Market

      1. Rest of Asia Pacific Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
  13. Latin America MRI Systems Market

    1. Latin America MRI Systems Market

      1. Latin America Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    2. Brazil MRI Systems Market

      1. Brazil Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    3. Mexico MRI Systems Market

      1. Mexico Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    4. Argentina MRI Systems Market

      1. Argentina Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    5. Rest of Latin America MRI Systems Market

      1. Rest of Latin America Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
  14. MEA MRI Systems Market

    1. MEA MRI Systems Market

      1. MEA Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    2. GCC MRI Systems Market

      1. GCC Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    3. South Africa MRI Systems Market

      1. South Africa Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
    4. Rest of MEA MRI Systems Market

      1. Rest of MEA Market Size and Forecast, 2021-2029 (USD Million)

        1. Market Size and Forecast by Field Strength, 2021-2029 (USD Million)
        2. Market Size and Forecast by Architecture, 2021-2029 (USD Million)
  15. Competitor Analysis

    1. Market Share Analysis, 2021 & 2029
    2. Competitive Mapping
    3. Key Players Market Place Analysis
    4. Major Recent Developments
  16. Company Profiles

    1. Hitachi (Japan)

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    2. Siemens Healthineers (Germany)

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    3. Canon Medical Systems (Japan)

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    4. GE Healthcare (U.S.)

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    5. Philips (Netherlands)

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    6. Aspect Imaging, Bruker (U.S.)

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    7. Aurora Imaging Technology (U.S.)

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    8. Esaote S.P.A (Italy)

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    9. Fonar Corporation (U.S.)

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    10. Neusoft Medical Systems (China)

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    11. Shenzhen Mindray Bio-Medical Electronics (China)

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    12. Company 12

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    13. Company 13

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    14. Company 14

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    15. Company 15

      1. Company Snapshot
      2. Company Overview
      3. Financials
      4. Field Strength Benchmarking
      5. Recent Developments
    16. Others Prominent Players

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