EUROPE MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028

Lifesciences | Medical Devices & Consumables

EUROPE MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028

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

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As per Triton’s research report, Europe’s magnetic resonance imaging (MRI) market is estimated to advance at a CAGR of 5.12% during the reviewed years of 2021-2028. 


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The countries scrutinized in this market include:

•        The United Kingdom

•        Spain

•        Germany

•        Italy

•        France

•        Russia

•        Rest of Europe

Over the years, the growing elderly population, rising incidence of chronic diseases, and increase in accidents have enhanced the demand for MRI in the region. Besides, the increase in per capita income across countries has made advanced techniques affordable, which adds to the studied market’s growth. Other than this, the presence of key players, such as Philips Healthcare, is driving the progression of the MRI market across the region.

Germany is considered to have the best healthcare system in the region, with an extensive network of hospitals and doctors. There are fewer waiting lists for treatments, and medical facilities are known to be equipped with the latest technology. Moreover, the imaging services in the country, including MRI scans, are cost-effective compared to imaging services in the UK. This significantly adds to the German market’s development.

Furthermore, some specialized outpatient clinics are also known to be equipped with MRI scanners. Along with this, innovation is also supporting the market’s growth. For instance, an MRI system by Neoscan Solutions uses digitizers and arbitrary waveform generators from the spectrum to generate test signals and obtain results. Hence, all these aforementioned factors are widening the scope and development of the magnetic resonance imaging market across Germany.

Analogic Corporation is a technology company engaged in designing, manufacturing, and commercializing real-time guidance, diagnostic imaging, and threat detection technology. Moreover, it sells products to OEMs and users in the healthcare sector. Its product line includes CT, MRI, digital mammography, and ultrasound machines, among others. Analogic has operations across various regions, including Europe. 

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Table of Content

1. EUROPE 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. EUROPE MAGNETIC RESONANCE IMAGING (MRI) MARKET OUTLOOK - BY ARCHITECTURE

3.1. CLOSED MRI SYSTEMS

3.2. OPEN MRI SYSTEMS

4. EUROPE 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. EUROPE 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. EUROPE MAGNETIC RESONANCE IMAGING (MRI) MARKET – REGIONAL OUTLOOK

6.1. UNITED KINGDOM

6.2. GERMANY

6.3. FRANCE

6.4. SPAIN

6.5. ITALY

6.6. RUSSIA

6.7. REST OF EUROPE

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: EUROPE MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY COUNTRY, 2021-2028 (IN $ MILLION)          

TABLE 2: VENDOR SCORECARD        

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

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

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

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

TABLE 7: EUROPE 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: EUROPE MAGNETIC RESONANCE IMAGING (MRI) MARKET, BY ARCHITECTURE, 2020 & 2028 (IN %)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

FIGURE 24: FRANCE MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028 (IN $ MILLION)      

FIGURE 25: SPAIN MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028 (IN $ MILLION)      

FIGURE 26: ITALY MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028 (IN $ MILLION)      

FIGURE 27: RUSSIA MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028 (IN $ MILLION)      

FIGURE 28: REST OF EUROPE MAGNETIC RESONANCE IMAGING (MRI) MARKET 2021-2028 (IN $ MILLION)         

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