Europe Magnetic Resonance Imaging Mri Devices Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2028 |
 Market Size (Base Year) |
|
 Market Size (Forecast Year) |
USD 2.22 Billion |
 CAGR |
% |
| Major Markets Players |
|
Europe Magnetic Resonance Imaging (MRI) Devices Market, By Field Strength (High-Field Magnetic Resonance Imaging (MRI) Systems (1.5t to 3t), Low-To-Mid-Field Magnetic Resonance Imaging (MRI) Systems (
Market Analysis and Insights of Europe Magnetic Resonance Imaging (MRI) Devices Market
Data Bridge Market Research analyses that the magnetic resonance imaging (MRI) devices market will exhibit a CAGR of around 6.35% for the forecast period of 2021-2028. Growing prevalence of chronic disorders, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, growing focus on replacing low-field magnetic resonance imaging (MRI) systems with high-level magnetic resonance imaging (MRI) systems and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of magnetic resonance imaging (MRI) devices market.
Magnetic resonance imaging (MRI) devices are the medical devices that are used in the non-invasive imaging of the body. The non-invasive imaging is done for the purpose of diagnosing any disease by generating a high resolution and accurate anatomical photograph.
Upsurge in the awareness among people in regards to early diagnosis of a disease globally is one of the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with surge in the geriatric population base is another market growth determinant. Rising technological innovations in scanning techniques and growing number of hospitals and diagnostic centres will further generate lucrative market growth opportunities.
However, stringent regulatory framework will derail the market growth rate. Lack of medical experts especially in the developing and underdeveloped economies and unfavourable reimbursement scenario will further pose challenges for the market. Incompatibility of MRI devices in certain patient population and high maintenance costs associated with the designated devices will hamper the market growth rate.
This magnetic resonance imaging (MRI) devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on magnetic resonance imaging (MRI) devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Magnetic Resonance Imaging (MRI) Devices Market Scope and Market Size
The magnetic resonance imaging (MRI) devices market is segmented on the basis of field strength, architecture, application, end user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of field strength, the magnetic resonance imaging (MRI) devices market is segmented into high-field magnetic resonance imaging (MRI) systems (1.5t to 3t), low-to-mid-field magnetic resonance imaging (MRI) systems (<1.5t) and very-high-field magnetic resonance imaging (MRI) systems (4t and above). High-field magnetic resonance imaging (MRI) systems (1.5t to 3t) segment is sub-segmented into 5t magnetic resonance imaging (MRI) systems and 3t magnetic resonance imaging (MRI) systems.
- Based on architecture, the magnetic resonance imaging (MRI) devices market has been divided into closed magnetic resonance imaging (MRI) systems, standard bore magnetic resonance imaging (MRI), wide-bore magnetic resonance imaging (MRI) and open magnetic resonance imaging (MRI) systems.
- Based on the application, the magnetic resonance imaging (MRI) devices market is segmented into oncology, neurology, cardiology, gastroenterology, musculoskeletal and other applications.
- On the basis of end user, magnetic resonance imaging (MRI) devices market is segmented into hospitals, diagnostic centers, imaging centers, specialty clinics, ambulatory surgical centers and academic and research institutes.
- On the basis of distribution channel, magnetic resonance imaging (MRI) devices market is segmented into direct tender and retail sales.
Europe Magnetic Resonance Imaging (MRI) Devices Market Country Level Analysis
The magnetic resonance imaging (MRI) devices market is analysed and market size insights and trends are provided by country, field strength, architecture, application, end user and distribution channel as referenced above.
The countries covered in the magnetic resonance imaging (MRI) devices market report are Germany, France, United Kingdom, Italy, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe.
Europe is set to continue to undergo substantial gains during the forecast period. This is because of the prevalence of advanced and modern healthcare technologies coupled with rising cases of chronic disorders. Germany will emerge as the dominating country in this region owing to the increasing usage of magnetic resonance imaging devices for brain and neurological, musculoskeletal, cardiology, mammography, and other applications.
The country section of the magnetic resonance imaging (MRI) devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Europe magnetic resonance imaging (MRI) devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Europe magnetic resonance imaging (MRI) devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe magnetic resonance imaging (MRI) devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Europe Magnetic Resonance Imaging (MRI) Devices Market Share Analysis
Europe magnetic resonance imaging (MRI) devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Europe magnetic resonance imaging (MRI) devices market.
The major players covered in the Europe magnetic resonance imaging (MRI) devices market report are Hitachi, Ltd., Siemens Healthcare GmbH, CANON MEDICAL SYSTEMS CORPORATION, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Aspect Imaging Ltd., Bruker, FONAR Corp., ESAOTE SPA, Neusoft Corporation., TOSHIBA CORPORATION, Synaptive Medical, IMRIS, Elekta AB and ASG Superconductors spa among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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