Pune, India -- (SBWIRE) -- 05/09/2019 -- The Global Magnetic Resonance Imaging Systems Market is estimated to grow at CAGR above 6 % over the forecast time frame 2019-2026 and reach the market value around USD 9 billion by 2026.

Increasing geriatric population in the predicted years will drive market growth. The risk of degenerative disk disorders due to various physical changes is increased due to ageing, for instance the development of small spinal disks and the loss of spinal fluids. The increase in the prevalence of chronic disease and awareness of early diagnosis are highly influential.

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Adaptation rate will rise with technological advances in scanners. In the recent past a number of advances have been made, in particular in software that simplified the imaging workflow and reduced scans. GE Healthcare, for instance, launched in September 2016 a multi-contrast resonance technology called MAGiC, to provide medical clinicians with more data than conventional scan technology in a fraction of the time.

The lack of skilled technicians and x-rays for the operation and maintenance of machinery prevents the expansion of the industry. These experts also play an important role in interpreting the doctor's instruction, explaining the procedure to patients and selecting suitable imagery parameters and software options for proper scanning.

Industry Insights

Further restricts the adoption of high costs associated with machines. In addition to the high cost of buying a machine, additional expenses include establishing an MRI suite, patient support areas, installation of machines and maintenance.

The market for magnetic resonance imaging systems was dominated by closed MRI machines in 2016. Configuration of the closed magnet is a tube-like tunnel in which the person who is scanned lies. The advantages of this setup, such as faster scanning times and greater image resolution, lead to the growth of the segment. However, due to the compact nature of the system, it is not possible for the equipment to accommodate large patients and a sense of claustrophobia. To overcome these problems, large bore scanners are being developed.

In predicted years, the market for low-to-medium MRI scanners will be able to see significant growth. Adoption rates need to be stepped up for benefits such as open design, comparatively lower purchases and operating costs, lower fringe range and tissue energy deposition. The most important market share was played by hospitals as end users. The growing number of hospitals will further expand the fuel segment through the development of healthcare infrastructure.

Germany has a significant industry share in the magnetic resonance imaging system market. The growth of the industry should lead to an increasing proportion of elderly people and chronic diseases. In-service doctors generally advise the RIM test in accident cases to detect and diagnose personal injury. In-service traffic accidents are increasing.

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End Use Stance

The market is divided into hospitals, imaging centers and others based on end-use. Currently, the hospital segment has the largest market share and will continue to lead throughout the forecast period. Due to the complicated infrastructure requirements of high field MRI machines, however, they are expected to only be adopted by a number of facilities.

Due to government initiatives aimed at improving and increasing the number of primary care facilities, it is expected that the APCs will expand at the fastest CAGR during the forecast period. Simple patients and patients in remote areas can benefit from Mobile MRI machines.

Key Players & Strategies

The Magnetic Resonance Imaging Systems market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players are Koninklijke Philips N.V., Hitachi, Sanrad Medical Systems, Fonar Corporation, Toshiba and Neusoft Medical Systems, Siemens, Aurora Imaging Technologies, Esaote SpA and Toshiba.

Industry players have implemented several strategic initiatives to enhance their market position. Strategic initiatives include fusions, procurement and the launch of new products. Toshiba launched a Vantage Galan 3 T MRI system in January 2017, for example. New product launch will encourage growth in the company.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope
1.1.1. Definition of Magnetic Resonance Imaging (MRI) Systems
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Magnetic Resonance Imaging (MRI) Systems Market By Architecture
1.2.2.1. Global Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate Comparison By Architecture (2015-2026)
1.2.2.2. Global Magnetic Resonance Imaging (MRI) Systems Market Revenue Share By Architecture in 2017
1.2.2.3. Closed
1.2.2.4. Open
1.2.3. Magnetic Resonance Imaging (MRI) Systems Market By Field Strength
1.2.3.1. Global Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate Comparison By Field Strength (2015-2026)
1.2.3.2. Global Magnetic Resonance Imaging (MRI) Systems Market Revenue Share By Field Strength in 2017
1.2.3.3. High to Ultra High (>1.5T)
1.2.3.4. Low to Medium (<1.5T)
1.2.4. Magnetic Resonance Imaging (MRI) Systems Market By End Use
1.2.4.1. Global Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate Comparison By End Use (2015-2026)
1.2.4.2. Global Magnetic Resonance Imaging (MRI) Systems Market Revenue Share By End Use in 2017
1.2.4.3. Hospitals
1.2.5. Magnetic Resonance Imaging (MRI) Systems Market by Geography
1.2.5.1. Global Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter's Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global Magnetic Resonance Imaging (MRI) Systems Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Magnetic Resonance Imaging (MRI) Systems Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Magnetic Resonance Imaging (MRI) Systems Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Magnetic Resonance Imaging (MRI) Systems Major Manufacturers in 2017

CHAPTER 4. MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET BY ARCHITECTURE

4.1. Global Magnetic Resonance Imaging (MRI) Systems Revenue By Architecture
4.2. Closed
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Open
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET BY FIELD STRENGTH

5.1. Global Magnetic Resonance Imaging (MRI) Systems Revenue By Field Strength
5.2. High to Ultra High (>1.5T)
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Low to Medium (<1.5T)
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET BY END USE

6.1. Global Magnetic Resonance Imaging (MRI) Systems Revenue By End Use
6.2. Hospitals
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 7. NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET BY COUNTRY

7.1. North America Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Magnetic Resonance Imaging (MRI) Systems Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Magnetic Resonance Imaging (MRI) Systems Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
7.5. Mexico
7.5.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 8. EUROPE MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET BY COUNTRY

8.1. Europe Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Magnetic Resonance Imaging (MRI) Systems Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 9. ASIA-PACIFIC MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET BY COUNTRY

9.1. Asia-Pacific Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Magnetic Resonance Imaging (MRI) Systems Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 10. LATIN AMERICA MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET BY COUNTRY

10.1. Latin America Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Magnetic Resonance Imaging (MRI) Systems Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.4. Argentina
10.4.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 11. MIDDLE EAST MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET BY COUNTRY

11.1. Middle East Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East Magnetic Resonance Imaging (MRI) Systems Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Saudi Arabia
11.3.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
11.4. UAE
11.4.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
11.5. Rest of Middle East
11.5.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 12. AFRICA MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET BY COUNTRY

12.1. Africa Magnetic Resonance Imaging (MRI) Systems Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Africa Magnetic Resonance Imaging (MRI) Systems Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. South Africa
12.3.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
12.4. Egypt
12.4.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
12.5. Rest of Africa
12.5.1. Market Revenue and Forecast By Architecture, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 13. COMPANY PROFILE

13.1. Koninklijke Philips N.V.
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Product Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Hitachi
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Product Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Sanrad Medical Systems
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Product Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Fonar Corporation
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Product Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Toshiba
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Product Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Neusoft Medical Systems
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Product Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Siemens
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Product Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Aurora Imaging Technologies
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Product Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Esaote SpA
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Product Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Others
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Product Portfolio
13.10.5. Key Developments
13.10.6. Strategies

CHAPTER 14. RESEARCH APPROACH

14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope

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