Magnetic Resonance Imaging Devices Market Set for an Extensive Growth of USD 8937.54 Million by 2029

Data Bridge Market Research conducted a recent market intelligence study, thoroughly analyzing the Magnetic Resonance Imaging Devices Market. The newly published report employs an appealing layout that presents essential data using visually engaging tables, graphs, charts, and figures. Through the integration of these well-designed visual elements, the report strives to enhance the accuracy and precision of the information provided, enabling readers to grasp a comprehensive understanding of the subject matter.

The Magnetic Resonance Imaging Devices report offers an in-depth and detailed market segmentation, alongside a comprehensive analysis of patents and major market players, providing a competitive landscape for our clients. The study encompasses various crucial aspects, such as primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. Inclusive of all opportunities, challenges, drivers, market structures, and the competitive landscape, the Magnetic Resonance Imaging Devices report serves as a valuable resource for our clients. It examines key players, major collaborations, mergers & acquisitions, and also tracks trending innovations and business policies.

Global Magnetic Resonance Imaging Devices Market was valued at USD 6209.40 million in 2021 and is expected to reach USD 8937.54 million by 2029, registering a CAGR of 4.00% during the forecast period of 2022-2029. Diagnostic Centers is expected to witness high growth in the end user segment owing to the increase in incidences of chronic disease. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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To ensure clients gain clear market insights, the Magnetic Resonance Imaging Devices report offers the most up-to-date market analysis. It is a comprehensive and proficient report that focuses on primary and secondary market drivers, market share, leading segments, and geographical analysis. SWOT analysis and Porter’s Five Forces analysis methods are appropriately employed in its generation.

Furthermore, the report delves into the examination of recent and future market trends, while analyzing the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. Data collection modules with large sample sizes are utilized to pull together data and conduct base year analysis.

Key Growth Drivers:

• Increasing number of product launches

One of the important prevailing trends in the market is the rising number of product launches in the high-strength sector, along with the rising acceptance of these high-strength systems.

• Growing incidence of chronic and serious diseases

Due to the rising frequency of practically all forms of severe and chronic disorders, there has been a continual high need for medical imaging in today’s modern medical situation. To effectively diagnose, treat, and manage chronic illness, an effective and technologically sophisticated imaging technology is essential

• Technological advancements

The rising technical improvements in imaging equipment are a key driving factor that is predicted to contribute significantly to the worldwide market’s growth. The introduction of open MRI, which aids in the effective medical imaging of claustrophobic and overweight patients, is one of the technological achievements. Improvements in field strength and computing capability of imaging equipment are also part of the technical advancements.

The report outlines the involvement of key players, including:

• Aspect Imaging (Israel)
• CANON MEDICAL SYSTEMS CORPORATION (Japan)
• Siemens (Germany)
• General Electric Company (US)
• Hitachi, Ltd. (Japan)
• Koninklijke Philips N.V. (Netherlands)
• Neusoft Corporation (China)
• ESAOTE SPA (Italy)
• FONAR (US)
• Synaptive Medical (Canada)
• AllTech Medical Systems (US)
• United Imaging Intelligence (China)
• Medonica Co. LTD (South Korea)
• IMRIS (Canada)
• Promaxo (US)
• AURORA HEALTHCARE US CORP (US)
• SG HealthCare Pvt. Ltd. (India)
• HYPERFINE (US)
• Elekta AB (Sweden)
• Beijing Wandong Medical Technology Co.,Ltd (China)
• ASG Superconductors spa (Italy)

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Key Market Segmentation

Field Strength

• High-Field MRI Systems
• Mid-Field MRI Systems
• Low-Field MRI Systems
• Others

Type

• Closed MRI Systems
• Wide Bore MRI
• Open MRI Systems

Modality                                                                                                

• Stationary System
• Portable/Mobile System
• Point-of-Care (POC) System

Indication

• Brain and Neurological
• Musculoskeletal
• Cardiology
• Mammography
• Oncology
• Pelvic and Abdominal
• Gynecology
• Urology
• Dental
• Others

End User

• Hospitals
• Diagnostic Centers
• Imaging Centers
• Specialty Clinics
• Ambulatory Surgical Centers
• Academic and Research Institutes

Distribution Channel

• Direct Tender
• Retail Sales

The Magnetic Resonance Imaging Devices market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:

1. North America: United States, Canada, and Mexico.
2. Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
3. Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
4. Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
5. South America: Brazil, Argentina, and other countries in South America.

Incorporating these regions into market research is crucial as they serve as significant economic and industrial hubs with diverse consumer markets. By including these regions in their analyses, businesses gain valuable insights into global trends, enabling them to make informed decisions and develop effective strategies. Understanding the market dynamics in these regions helps companies cater to the distinct demands and preferences of various regional markets, whether they plan to expand their operations or simply stay updated with the ever-changing global landscape. This approach ensures that businesses can adapt and tailor their products or services to meet the specific needs of each region, ultimately leading to a more successful and sustainable global presence.

North America dominates the magnetic resonance imaging devices market because of the rise in the utilization of magnetic resonance imaging equipment to diagnose diseases within the region. Furthermore, the growing prevalence of chronic diseases will further accelerate the growth of the magnetic resonance imaging devices market.

Asia-Pacific is expected to show significant amount of growth in the forecast period of 2022 to 2029 because of growing demand of MRI equipment. Moreover, the rapidly increasing analysis frequency and growing government initiative to raise awareness of the importance of analysis is further anticipated to boost the market growth.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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