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Global Magnetic Resonance Imaging Market (Size of $5,351.7 million in 2015) to Witness 5% CAGR During 2016 – 2022

July 2016

The global magnetic resonance imaging (MRI) market was valued at $5,351.7 million in 2015, and it is expected to grow at a CAGR of 5.0% during 2016-2022. Based on architecture of MRI, the open MRI segment is expected to witness the faster growth at a CAGR of 7.8%, during the forecast period.

The global MRI market is growing at a significant rate, due to increasing healthcare expenditure, and growing geriatric population. The increasing prevalence of chronic diseases and improving healthcare infrastructure in developing countries are also driving the growth of the global magnetic resonance imaging market.

Explore Report with Detailed TOC at: https://www.psmarketresearch.com/market-analysis/mri-market

The information and data in the publication “Global MRI Market Size, Share, Development, Growth and Demand Forecast to 2022” represent the research and analysis of data from various primary and secondary sources. The bottom-top approach has been used to calculate the global market size by architecture, field strength, and application. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with authorities from leading companies of the concerned domain, to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online, and offline research.


MRI is a non-invasive radiology technique used for the diagnosis, assessment, and treatment of medical conditions. It uses strong magnetic field, radio frequency pulses and a computer to produce detailed image of soft tissues, organs, bones, and other internal body structures. MRI scan is used to examine musculoskeletal injuries, sports injuries, alignments of brain, vascular abnormalities, prostrate problem, female pelvic problem, gastrointestinal tract condition, soft tissue and bone pathology or condition and some of the ear, nose and throat conditions.

The factors, such as stringent regulatory requirements for the approval of MRI devices, high cost and lack of trained professionals, and shortage of helium gas deposits are inhibiting the growth of the global market.

Geographically, North America dominated the global market of MRI in 2015; whereas the Asia-Pacific market is expected to witness the fastest growth, a CAGR of 5.8%, during the forecast period.

Some of the key companies operating in the global MRI market include Siemens AG, Koninklijke Philips N.V., General Electric Company, Hitachi Ltd., Toshiba Corporation, Aurora Imaging Technologies, Inc., and Esaote SpA,

Global Magnetic Resonance Imaging (MRI) Market Segmentation
By Architecture

  • Open MRI
  • Closed MRI

By Field Strength

  • High Field MRI
  • Very High Field MRI
  • Low to Mid Field MRI
  • Ultra High Field MRI

By Application

  • Spine MRI
  • Brain, Neck and Head MRI
  • Vascular MRI
  • Musculoskeletal MRI
  • Pelvis and Abdomen MRI
  • Breast MRI
  • Cardiac MRI
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia
  • Rest of the World (RoW)

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