Report Description

United States MRI market is expected to grow at a significant rate during the forecast period. Increasing prevalence of cancer and cardiovascular disorders is considered a major driver for the MRI market. Surge in demand for quick and effective diagnostic tools and equipment to expect accurate results for providing treatment is aiding to increase the adoption of MRI machines across United States. Diffusion weighted MR imaging is used to detect the occurrence of stroke as soon as possible which is the major reason for the high demand of MRI machines. High magnetic frequency MRI systems are developing at a rapid rate which is expected to bolster the MRI market growth. Strong economic position of the United States and well-developed healthcare infrastructure is expected to influence the MRI market growth. Supportive government policies to promote healthcare sector and widen the reach to every sector of society in form of reimbursement policies is expected to positively impact the market growth. Growing demand for non-invasive diagnosis is leading to development of healthcare facilities center which can provide the services like MRI is contributing significantly to the rise of the MRI market.                                                                                                                                                                                                                                              

United States MRI market is segmented into field strength, type, architecture, application, end user, regional distribution, and company. Based on architecture, market is further bifurcated into closed MRI systems and open MRI systems. The closed MRI systems segment is expected to account for major market share for the forecast period, 2023-2027. Closed MRI systems produce detailed images providing results with increased sensitivity through which doctors can read and diagnose and provide effective treatment to patients. Strong magnetic fields produce high quality images thereby fueling the MRI machines demand.

The major players operating in the United States MRI market are GE Healthcare, Philips Healthcare (USA), Siemens Medical Solutions USA Inc., Canon Medical Systems USA, Inc., Hitachi Medical Systems America Inc., Hologic, Inc., Aurora Imaging Technologies, Inc., Fonar Corporation, Esaote North America, Inc., Alltech Medical Systems America, Inc., among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Objective of the Study:

  • To analyze the historical growth of the market size of United States MRI market from 2017 to 2020.
  • To estimate and forecast the market size of United States MRI market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast United States MRI market based on field strength, type, architecture, application, end user, regional distribution, and company.
  • To identify dominant region or segment in the United States MRI.
  • To identify drivers and challenges for United States MRI market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States MRI market.
  • To identify and analyze the profile of leading players operating in United States MRI market.
  • To identify key sustainable strategies adopted by market players in United States MRI market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of United States MRI market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • MRI manufacturing companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to MRI market.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022E

Forecast Period

2023F – 2027F

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Field Strength

·         Type

·         Architecture

·         Application

·         End User

Region Scope

South-Region, West-Region, Mid-West Region & Northeast-Region

Key Companies Profiled

GE Healthcare, Philips Healthcare (USA), Siemens Medical Solutions USA Inc., Canon Medical Systems USA, Inc., Hitachi Medical Systems America Inc., Hologic, Inc., Aurora Imaging Technologies, Inc., Fonar Corporation, Esaote North America, Inc., Alltech Medical Systems America, Inc

Customization Scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, United States MRI market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         United States MRI Market, By Field Strength:

    • High-Field MRI Systems
      • 1.5t MRI Systems
      • 3t MRI Systems
    • Low-To-Mid-Field MRI Systems
      • <1.5t
    • Very-High-Field MRI Systems
      • 4t and Above
  • United States MRI Market, By Type:
    • Fixed
    • Mobile
  • United States MRI Market, By Architecture:
    • Closed MRI Systems
    • Open MRI Systems
  • United States MRI Market, By Application:
    • Brain and Neurological
    • Oncology
    • Spine and Musculoskeletal
    • Abdominal
    • Cardiac
    • Others
  • United States MRI Market, By End User:
    • Hospitals
    • Imaging Centers
    • Ambulatory Surgical Centers
    • Others
  • United States MRI Market, By Region:
    • South
    • West
    • Mid-West
    • North East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States MRI market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

United States MRI market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.     Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on United States MRI Market

4.    Executive Summary

5.    Voice of Customers

6.    United States MRI Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Field Strength (High-Field MRI Systems (1.5t MRI Systems, 3t MRI Systems), Low-To-Mid-Field MRI Systems (<1.5t), Very-High-Field MRI Systems (4t and Above))

6.2.2.     By Type (Fixed, Mobile)

6.2.3.     By Architecture (Closed MRI Systems and Open MRI Systems)

6.2.4.     By Application (Brain and Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac, Others)

6.2.5.     By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others)

6.2.6.     By Region

6.2.7.     By Company (2021)

6.3.  Product Market Map

7.    United States Fixed MRI Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Field Strength

7.2.2.     By Architecture

7.2.3.     By Application

7.2.4.     By End Users

8.    United States Mobile MRI Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Field Strength

8.2.2.     By Architecture

8.2.3.     By Application

8.2.4.     By End Users

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Import-Export Analysis

13.  United States Economic Profile

14.  Competitive Landscape

14.1.              Competition Outlook

14.2.              Company Profiles

14.2.1.  GE Healthcare

14.2.2.  Philips Healthcare (USA)

14.2.3.  Siemens Medical Solutions USA Inc.

14.2.4.  Canon Medical Systems USA, Inc.

14.2.5.  Hitachi Medical Systems America Inc.

14.2.6.  Hologic, Inc.

14.2.7.  Aurora Imaging Technologies, Inc.

14.2.8.  Fonar Corporation

14.2.9.  Esaote North America, Inc.

14.2.10. Alltech Medical Systems America, Inc.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

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Surge in demand for quick and effective diagnostic tools and equipment to expect accurate results, strong economic position of the country and well-developed healthcare infrastructure in the healthcare sector are driving the growth of the United States MRI market in the forecast years, 2023-2027

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GE Healthcare, Philips Healthcare (USA), Siemens Medical Solutions USA Inc., Canon Medical Systems USA, Inc., Hitachi Medical Systems America Inc., Hologic, Inc., among others are some of the leading companies dedicated toward providing related products and services and support the future growth of the United States MRI market in the upcoming five years.

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New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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The United States MRI market analysis was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2020 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.

profile

Sakshi Bajaal

Business Consultant
Press Release

Hospitals segment to dominate the United States MRI Market

Jun, 2021

Increasing occurrence of chronic diseases and favourable reimbursement policies is expected to drive the demand for United States MRI market for the forecast period.