/ Press Release / Healthcare & Life Sciences

Global MRI Scanner Market is Boosting Owing to Technological Advancements in Medical Imaging Technologies and Introduction of Novel Hybrid MRI Systems

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MRI scanner is a kind of latest medical imaging method that uses magnetic fields, magnetic field gradients and radio waves to capture the images of patients’ inner body. MRI Scanner has numerous benefits as compared to other imaging modalities. The MRI scanner comprises an electromagnetic field and large static magnetic field to develop complete images.

The physical phenomenon called as nuclear magnetic resonance (NMR) is the basis of magnetic resonance imaging (MRI). Powerful magnetic fields and radiofrequency electromagnetic radiation are utilized in MRI devices instead of ionising radiation. The first feature making MRI a desired imaging choice is the nonexistence of dangers related to ionising radiation. The second is that completely dissimilar images than those attained with computed tomography are attained with MRI as the imaging principle of MRI is created on the magnetic characteristics of tissues rather than the weakening of X-rays.

The global demand for MRI scanner market was predicted to be about USD 5.8 billion in 2022, and by the end of 2031, existing and expected developments would hit valuations of around USD 9.2 billion. The industry players and analysts predict the global MRI scanner market growth of around 4.7% in terms of CAGR. During the forthcoming years, increase in elderly population and increase in incidence of diseases such as breast cancer, brain tumor, prostate cancer, and sclerosis is further driving the MRI scanner market. However, decrease in reimbursement rates for MRI procedures and shortage of helium gas deposits are the challenges presented to MRI scanner market development and growth.

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Some of the leading and top MRI scanner companies in the global MRI scanner market include Aspect Imaging, CANON MEDICAL SYSTEMS CORPORATION, Siemens Healthcare GmbH, GE Healthcare, Hitachi, Ltd., Koninklijke Philips N.V., Neusoft Corporation, ESAOTE SPA, FONAR Corp., Synaptive Medical, AllTech Medical Systems, Shanghai United Imaging Medical Technology Co., Ltd., and Medonica Co. LTD among others. The leading five players such as Koninklijke Philips N.V., Siemens Healthcare GmbH, GE Healthcare, Hitachi, Ltd., CANON MEDICAL SYSTEMS CORPORATION hold around 40% market share of the global MRI scanner market.

On the basis of type, the global MRI scanner market can be segmented into portable type and desktop type, with the ‘desktop type’ category having the leading market share of about 60 percent, closely followed by the “portable type” category at about 40 percent of the global MRI scanner market share. On the basis of application, the market can be bifurcated into neuro-imaging, cardiovascular imaging, angiography, musculoskeletal imaging, liver and gastrointestinal imaging, and others. On the basis of end user, the market can be bifurcated into hospitals, ambulatory care centers, medical imaging centers, and others. In terms of geography, North America region held the leading market share of around 40% among other regions such as Asia Pacific, Europe, Latin America, and Middle East & Africa in the global MRI scanner market.

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