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Magnetic Resonance Imaging Scanners and Accessories Industry is Expected to Exhibit CAGR 8.20% From 2023 To 2030
The global magnetic resonance imaging scanners and accessories Industry size was estimated at USD 13.25 billion in 2022. The market is expected to expand at a CAGR of 8.2% CAGR (2023-2030).

Magnetic Resonance Imaging Scanners and Accessories Industry Data Book Covers Magnetic Resonance Imaging, MRI Coils & Motion Tracking Systems Markets.

The global magnetic resonance imaging scanners and accessories Industry size was estimated at USD 13.25 billion in 2022. The market is expected to expand at a CAGR of 8.2% CAGR (2023-2030).

Grand View Research’s Magnetic Resonance Imaging scanners and accessories industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Magnetic Resonance Imaging Market Insights

The global magnetic resonance imaging market size was valued at USD 4.8 billion in 2021 and is expected to expand at a CAGR of 7.1% from 2022 to 2030.

Based on architecture, the MRI market is segmented into open and closed systems. The closed MRI system segment held the largest market share in 2021. The closed MRI system uses powerful magnetic fields and high-frequency radio waves to obtain detailed images. A closed structure enables getting detailed slice selection and error-free analysis.

Based on field strength, the MRI market is segmented into low, mid, and high field strength. Low field strength MRI machines have field strength lower than 1.5T, mid-field MRI machine have field strength ranging from1.5T up to 3T, and high field MRI machine has a field strength of more than 3T. The Midfield strength segment held the largest share in 2021 and is expected to experience significant growth during the forecast period.

Based on the end-use, the MRI market is segmented into hospitals, imaging centers, ambulatory care centers, and others. The hospital segment held the largest share in 2021 mainly due to the growing installation of MRI units in the hospitals. Increasing applications of rapid MRI (rMRI) in trauma and emergency care centers and a rising number of MRI installments in teaching hospitals are expected to fuel the segment growth.

Based on the application, the MRI market is segmented into brain & neurological, spine & musculoskeletal, vascular, abdominal, cardiac, breast, obstructive sleep apnea (OSA), and others. MRI systems used for brain and neurological imaging held the largest market share in 2021 as scans produced are of superior quality than those by computerized tomography scans.

Access the Global Magnetic Resonance Imaging Scanners and Accessories Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Magnetic Resonance Imaging Coils Market Insights

The global magnetic resonance imaging coils market size was valued at USD 7.98 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.7% from 2023 to 2030.

Based on the type, the market is segmented into the radiofrequency (RF) coil and gradient coil. The radiofrequency coil held the largest revenue share of 59.5% and is expected to grow at the fastest CAGR of 8.9%. This is because these coils are being used to transmit and receive signals during MRI scans, which is a critical component of the imaging process.

Based on the application, the market is classified into neurology, pediatric, breast, cardiovascular, abdominal, spine, and musculoskeletal, among others. The neurology segment accounted for the highest revenue share of 22.6% and is also expected to register the highest CAGR of 8.9%. This is attributed to the significant advances in imaging technology such as MRI and CT scans, allowing for more precise and accurate diagnoses of neurological conditions.

Based on the end-use, the market is further classified into, ambulatory care centers, hospitals, diagnostic imaging centers, and, others. The hospital segment accounted for the highest revenue share of 29.7%, owing to a favorable reimbursement structure and the availability of hospitals for primary care in several developing economies. Furthermore, investments in MRI systems, including coils, are gradually rising in hospitals, fueling the demand for the segment.

MRI Motion Tracking Systems Market Insights

The global MRI motion tracking systems market size was valued at USD 2.7 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 20.76% from 2022 to 2030.

The optical tracking systems are expected to grow at a lucrative CAGR of 20.18% during the forecast period. Based on type, the MRI motion tracking system market is segmented into optical tracking systems and software. These systems mainly consist of cameras with different specifications such as pixels ranging from 2 MP to 15MP, resolutions starting from 1920x1080 to 4096x3072 and beyond, and frame speeds starting from 360 fps to as high as 665 fps.

Markerless systems are expected to grow at a faster rate of 23.41%. Based on the product, the MRI motion tracking systems market is segmented into a marker and marker-less systems. These systems construct points to model of the body part like the head as a reference, to estimate movements.

Magnetic Resonance Imaging Scanners and Accessories Market – Global Industry Segmentation

Magnetic Resonance Imaging Scanners and Accessories Industry - Segment Analysis, By Architecture

  • Magnetic Resonance Imaging Market
    1. Open Systems
    2. Closed Systems

 

Magnetic Resonance Imaging Scanners and Accessories Industry - Segment Analysis, By Strength

  • Magnetic Resonance Imaging Market
    1. Low Field Strength
    2. Mid Field Strength
    3. High Field Strength 

Magnetic Resonance Imaging Scanners and Accessories Industry - Segment Analysis, By Application

  • Magnetic Resonance Imaging Market
    1. Brain & Neurological
    2. Spine & Musculoskeletal
    3. Vascular
    4. Abdominal
    5. Cardiac
    6. Breast
    7. Obstructive Sleep Apnea (OSA),
    8. Others
  • Magnetic Resonance Imaging Coils Market
    1. Neurology
    2. Cardiovascular
    3. Spine and Musculoskeletal
    4. Pediatric
    5. Breast
    6. Abdominal
    7. Others 

Magnetic Resonance Imaging Scanners and Accessories Industry - Segment Analysis, By Type

  • Magnetic Resonance Imaging Coils Market
    1. Radiofrequency Coil
    2. Gradient Coil
  • MRI Motion Tracking Systems Market
    1. Optical Tracking System
    2. Software 

Magnetic Resonance Imaging Scanners and Accessories Industry - Segment Analysis, By Product

  • MRI Motion Tracking Systems Market
    1. Marker System
    2. Markerless System 

Magnetic Resonance Imaging Scanners and Accessories Industry - Segment Analysis, By End-user 

  • Hospitals
  • Diagnostic Imaging Centers
  • Ambulatory Care Centers
  • Others 

Order your copy of the Free Sample of “Magnetic Resonance Imaging Scanners and Accessories Industry Data Book - Magnetic Resonance Imaging, MRI Coils & Motion Tracking Systems Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

 

Magnetic Resonance Imaging Scanners and Accessories Industry Data Book Regional Outlook

  • North America
    1. U.S.
    2. Canada
  • Europe
    1. U.K.
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Russia
    • Ukraine
    • Belarus
    • Turkey
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of APAC
  • Latin America
    1. Brazil
    2. Mexico
    • Argentina
    • Colombia
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA

Magnetic Resonance Imaging Scanners and Accessories Industry Data Book Competitive Landscape

The high price is one of the most impeding factors for the sales of these systems. The major players are focusing on minimizing the prices for medium-strength MRI systems using various methods.

Key players operating in the magnetic resonance imaging scanners and accessories industry are –

  • GE Healthcare
  • Siemens Healthineers
  • Toshiba Corporation
  • Aurora Imaging Technologies, Inc.
  • Koninklijke Philips N.V.
  • Esaote SPA
  • Sanrad Medical Systems Pvt ltd
  • Fujifilm
  • MR Instruments, Inc.
  • RAPID MR International, LLC
  • ScanMed
  • Canon Medical Systems Corporation
  • Hologic Inc.
  • Bruker
  • TracInnovations
  • Kineticor
  • Metria Innovations

Go through the table of content of magnetic resonance imaging scanners and accessories industry data book to get a better understanding of the Coverage & Scope of the study

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