NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028

Lifesciences | Medical Devices & Consumables

NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028

Market by Architecture, Field Type, Application, and Country | Forecast 2021-2028

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Triton’s report predicts that the magnetic resonance imaging (MRI) market in North America is likely to advance at a CAGR of 5.81% during the evaluated years 2021-2028.


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The countries studied in this market are:

•        United States

•        Canada

In the region, the MRI market is supported by various factors, such as the high number of MRI procedures, strong reimbursement, and installation of mobile MRI. Additionally, the innovative designs, including open-MRI, in office and hospital settings have propelled the studied market. Along with this, the presence of eminent market players, such as GE Healthcare and Carestream Health, are driving the magnetic resonance imaging market on a growth path across the North American region.

In the United States, hospitals routinely use machines with a field strength of 1.5-T or 3-T. However, ultra-high-field scanners are gaining momentum across the country. In recent years, several 7-T machines have been installed in research labs. Besides, researchers are developing an 11.7-T device for a human scan at the US National Institute of Health. Furthermore, the Division of Radiological Health within the FDA is responsible for ensuring the safety and effectiveness of medical and radiation-emitting medical devices. Moreover, the FDA regulates companies that manufacture, repackage, re-label, and import such products, including MRI equipment. Hence, such developments are likely to fuel the progress of the magnetic resonance imaging market within the United States.

Fonar Corporation develops and manufactures MRI scanners. It operates its business through segments, such as medical equipment and physician management and diagnostic services. Its medical equipment segment is involved in the manufacturing of upright and multi-position MRI scanners. Additionally, the physician management and diagnostic services segment is engaged in the management of diagnostic imaging centers through its subsidiary. Fonar Corporation has operations in multiple countries, with headquarters in New York, the United States. 

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Table of Content

1. NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. IMPACT OF COVID-19 ON MAGNETIC RESONANCE IMAGING (MRI) MARKET

2.2. KEY INSIGHTS

2.2.1. BASIC MRI TECHNIQUES GAINING POPULARITY

2.3. PORTER’S FIVE FORCES ANALYSIS

2.3.1. THREAT OF NEW ENTRANTS

2.3.2. THREAT OF SUBSTITUTES

2.3.3. BARGAINING POWER OF BUYERS

2.3.4. BARGAINING POWER OF SUPPLIERS

2.3.5. THREAT OF COMPETITIVE RIVALRY

2.4. MARKET ATTRACTIVENESS INDEX

2.5. VENDOR SCORECARD

2.6. KEY IMPACT ANALYSIS

2.6.1. PRICE

2.6.2. SCANNING CAPABILITIES

2.6.3. PATIENT COMFORT

2.7. KEY MARKET STRATEGIES

2.7.1. ACQUISITIONS

2.7.2. PRODUCT LAUNCHES

2.7.3. CONTRACTS & PARTNERSHIPS

2.7.4. BUSINESS EXPANSIONS & DIVESTITURES

2.8. MARKET DRIVERS

2.8.1. GROWTH IN TECHNOLOGY ADVANCEMENTS

2.8.2. GROWING CHRONIC DISEASES

2.9. MARKET CHALLENGES

2.9.1. DECLINING SOURCES FOR HELIUM GAS

2.9.2. UPWARD TREND IN COSTS OF MRI SYSTEMS

2.9.3. STRINGENT REGULATIONS

2.10. MARKET OPPORTUNITIES

2.10.1. MRI USE FOR BREAST CANCER EVALUATION

2.10.2. GROWING ACCIDENTS AND INJURIES

2.10.3. GROWTH IN MINIMALLY INVASIVE PROCEDURES WITH MRI

3. NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET OUTLOOK - BY ARCHITECTURE

3.1. CLOSED MRI SYSTEMS

3.2. OPEN MRI SYSTEMS

4. NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET OUTLOOK - BY FIELD TYPE

4.1. HIGH FIELD

4.1.1. 3T MRI

4.1.2. 7T MRI

4.2. MID FIELD

4.3. LOW FIELD

5. NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET OUTLOOK - BY APPLICATION

5.1. NEUROLOGY

5.2. MUSCULOSKELETAL

5.3. ONCOLOGY

5.4. CARDIOLOGY

5.5. GASTROENTEROLOGY

5.6. OTHER APPLICATIONS

6. NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET – REGIONAL OUTLOOK

6.1. UNITED STATES

6.2. CANADA

7. COMPETITIVE LANDSCAPE

7.1. ANALOGIC CORPORATION

7.2. AURORA IMAGING TECHNOLOGY INC

7.3. CANON MEDICAL CORP

7.4. CARESTREAM HEALTH INC

7.5. ESAOTE SPA

7.6. FONAR CORPORATION

7.7. FUJIFILM HOLDINGS CORPORATION

7.8. GE HEALTHCARE

7.9. HOLOGIC INC

7.10. KONICA MINOLTA

7.11. MEDTRONIC PLC

7.12. MINDRAY MEDICAL INTERNATIONAL LIMITED

7.13. PHILIPS HEALTHCARE

7.14. SIEMENS HEALTHINEERS

7.15. SHIMADZU CORP

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)  

TABLE 2: VENDOR SCORECARD        

TABLE 3: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY ARCHITECTURE, 2021-2028 (IN $ MILLION)  

TABLE 4: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY FIELD TYPE, 2021-2028 (IN $ MILLION)           

TABLE 5: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY HIGH FIELD, 2021-2028 (IN $ MILLION)          

TABLE 6: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY APPLICATION, 2021-2028 (IN $ MILLION)       

TABLE 7: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)               

List of Figures

FIGURE 1: MARKET ATTRACTIVENESS INDEX       

FIGURE 2: KEY IMPACT ANALYSIS     

FIGURE 3: TOP 10 COUNTRIES WITH MOST ROAD TRAFFIC ACCIDENTS IN 2018 (DEATH RATE PER 10,000) 

FIGURE 4: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY ARCHITECTURE, 2020 & 2028 (IN %)  

FIGURE 5: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY CLOSED MRI SYSTEMS, 2021-2028 (IN $ MILLION)      

FIGURE 6: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY OPEN MRI SYSTEMS, 2021-2028 (IN $ MILLION)      

FIGURE 7: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS, BY FIELD TYPE, 2020 & 2028 (IN %)

FIGURE 8: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY HIGH FIELD, 2021-2028 (IN $ MILLION)          

FIGURE 9: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY HIGH FIELD, 2020 & 2028 (IN %)          

FIGURE 10: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY 3T MRI, 2021-2028 (IN $ MILLION)

FIGURE 11: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY 7T MRI, 2021-2028 (IN $ MILLION)

FIGURE 12: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY MID FIELD, 2021-2028 (IN $ MILLION)          

FIGURE 13: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY LOW FIELD, 2021-2028 (IN $ MILLION)          

FIGURE 14: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY APPLICATION, 2020 & 2028 (IN %)       

FIGURE 15: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY NEUROLOGY, 2021-2028 (IN $ MILLION)        

FIGURE 16: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY MUSCULOSKELETAL, 2021-2028 (IN $ MILLION)      

FIGURE 17: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY ONCOLOGY, 2021-2028 (IN $ MILLION)           

FIGURE 18: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY CARDIOLOGY, 2021-2028 (IN $ MILLION)       

FIGURE 19: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY GASTROENTEROLOGY, 2021-2028 (IN $ MILLION) 

FIGURE 20: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY OTHER APPLICATIONS, 2021-2028 (IN $ MILLION)     

FIGURE 21: NORTH AMERICA MAGNETIC RESONANCE IMAGING (MRI) MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)  

FIGURE 22: UNITED STATES MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028 (IN $ MILLION)        

FIGURE 23: CANADA MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028 (IN $ MILLION)       

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