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Global Magnetic Resonance Imaging (MRI) Systems Market by Field Strength (High-Field MRI Systems (1.5t to 3t) 5t MRI Systems 3t MRI Systems Low-To-Mid-Field MRI Systems (<1.5t) Very-High-Field MRI Systems (4t and Above)) by Architecture (Closed MRI Systems, Standard Bore MRI, Wide-Bore MRI, Open MRI Systems) – Business Overview, Analysis and Industry Forecast 2017-2023

 Healthcare and Pharmaceuticals

Report Overview

Global Magnetic Resonance Imaging (MRI) Systems Market was valued at USD 5.63 Billion in the year 2017. Global Magnetic Resonance Imaging (MRI) Systems Market is further estimated to grow at a CAGR of 4.02% from 2018 to reach USD 7.13 Billion by the year 2023. The North America region holds the highest market share in 2018 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China, and the U.S. are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

Hitachi (Japan), Siemens Healthineers (Germany), Canon Medical Systems (Japan) are the key players in this market. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.


            Increasing geriatric population 

            Detection of metastasis in cancer 


            Quite expensive and not affordable by all 


            Technological advancements 


            The high cost associated with R&D

The Global Magnetic Resonance Imaging (MRI) Systems Market is segmented as By Field Strength, Architecture, and Region. The Field Strength segment is divided into High-Field MRI Systems (1.5t to 3t), 5t MRI Systems, 3t MRI Systems, Low-To-Mid-Field MRI Systems (<1>

The Architecture segment is divided as Closed MRI Systems, Standard Bore MRI, Wide-Bore MRI and Open MRI Systems in which the closed MRI system accounts for the largest market share due to the high field strength of these systems enabling higher image quality.  Among all, it is expected that the closed MRI Systems will be growing at a moderate CAGR of XX % in the assessment period. 

Key Benefits for Stakeholders


Diagnostic centers

Research institutes

Academic institutes

Medical device suppliers

Market research and consulting firms

By Field Strength

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

5t MRI Systems

3t MRI Systems

Low-To-Mid-Field MRI Systems (<1>

Very-High-Field MRI Systems (4t and Above)

By Architecture

Closed MRI Systems

Standard Bore MRI

Wide-Bore MRI

Open MRI Systems

By Region

North America




Key Market Players


Siemens Healthineers

Canon Medical Systems

GE Healthcare


Aspect Imaging


Aurora Imaging Technology

Esaote S.P.A 


(A brief overview of 10 companies is also provided)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1.      Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2.      Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3.      To avoid bias, we filter the collected data collected from authenticated sources.
  4.      GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5.      Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6.      Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

    Key Data from Secondary Research

       2.1.2. Primary Research

    Key Data from Primary Research

    Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottom-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Revenue Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.8. Supply Chain/Value Chain Analysis

4.10. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Magnetic Resonance Imaging (MRI) Systems Market, By Field Strength

6.1 High-Field MRI Systems (1.5t to 3t)

6.1.1 5t MRI Systems

6.1.2 3t MRI Systems

6.2 Low-To-Mid-Field MRI Systems (<1.5t)

6.3 Very-High-Field MRI Systems (4t and Above)

7. Magnetic Resonance Imaging (MRI) System Market, By Architecture

7.1 Closed MRI Systems

7.2 Standard Bore MRI

7.3 Wide-Bore MRI

7.4 Open MRI Systems

8. Geographical Analysis

8.1. Introduction

8.2. North America

       10.2.1. U.S.

       10.2.2. Canada

       10.2.3. Mexico

8.3. Europe

       8.3.1. U.K.

       8.3.2. Germany

       8.3.3. Italy

       8.3.4. France

       8.3.5. RoE

8.4. Asia Pacific

       8.4.1. South Korea

       8.4.2. China

       8.4.3. Japan

       8.4.4. India

       8.4.5. RoAPAC

8.5. RoW

       8.5.1. Latin America

       8.5.2. Middle East and Africa

9. Company Profiles

9.1 Hitachi

9.2 Siemens Healthineers

9.3 Canon Medical Systems

9.4 GE Healthcare

9.5 Philips

9.6 Aspect Imaging

9.7 Bruker

9.8 Aurora Imaging Technology

9.9 Esaote S.P.A 

9.10 Fonar

(A brief overview of 10 companies is also provided)

9. Competitive Analysis

9.1. Introduction

9.2. Market Positioning of Key Players

9.3 Competitive Strategies Adopted by Leading Players

        9.3.1. Investments & Expansions

        9.3.2. New Product Launches

        9.3.3. Mergers & Acquisitions

        9.3.4. Agreements, Joint Ventures, and Partnerships

10. Appendix

10.1. Questionnaire

10.2. Available Customizations 

10.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)


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