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Pulished Date April, 2021
ID: 1876
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Europe MRI Systems Market Research Report – Segmented By Field Strength, Architecture, Application and Country (United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands and Rest of Europe) - Industry Analysis, Share, Size, Growth, Trends, And Forecasts (2021 to 2026)

Pulished: April, 2021
ID: 1876
Pages: 138

Europe MRI Systems Market Size (2020 to 2025)

The MRI System Market in Europe is expected to grow at a CAGR of 5% and reach USD 1.51 billion in 2025 from USD 1.18 billion in 2020.

The aging population is much likely to be prone to various health issues, and MRI plays a vital role in different treatment procedures. The aging population was significantly growing in Europe and expected to drive the demand for the MRI systems in the European countries. Germany's total population is 83 million in 2019, in which 16.2 million are above 67 years old, and this value is predicted to be increased to 12.4 million by 2040.

Additionally, Y-O-Y increase in chronic diseases such as neurological diseases and other disorders are directly increasing the number of diagnostic procedures, which is predicted to favor the MRI Systems market growth in Europe. Extensive usage of MRI for various medical applications is expected to act as a driving factor for the market growth.

High costs associated with the MRI systems and treatments, unfavorable reimbursement for recent technologies, and shortage of skilled radiologists are expected to challenge the market growth during the forecast period.

This research report on the Europe MRI Systems Market has been segmented and sub-segmented into the following categories:

  • By Field Strength: Low-to-Mid-Field, High Field, Very High Field, and Ultra-High Field
  • By Architecture: Open MRI and Closed MRI
  • By Application: Brain, Spine, Cardiac, Abdominal and Breast
  • By Country: United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, and Rest of Europe

Regional Analysis:

Europe is closely following North America in leading the majority of the market share in the global MRI systems market. 

The German MRI Systems Market is estimated to lead the European market among all the other nations during the forecast period. Rising awareness about the advantages provided by the early diagnosis of the disease and advancements in technologies towards healthcare are expected to support the market in Germany.

The UK MRI Systems Market is expected to grow at a prominent rate due to the availability of skilled professional employees for operating the MRI systems. A growing number of hospitals in the UK provide complete MRI scanning procedures. These hospitals are equipped with state-of-the-art MRI scanners to provide a quality life for patient care, heart, lungs, bones, breast, and abdomen are propelling the growth of the UK MRI systems market. 

Other countries such as France, Italy, and Spain are expected to hike at a decent CAGR during the forecast period.

Noteworthy companies operating in the European MRI systems market are Hitachi Medical Corporation, Toshiba Medical Systems, Siemens Healthcare, GE Healthcare, Imris Inc., Fonar Corporation, Esaote S.P.A, Neusoft Medical System, Aurora Medical Imaging, and Philips Healthcare.

1.Introduction                                                                  

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                          

                1.4 General Study Assumptions                                                

2. Research Methodology                                                                           

                2.1 Introduction                                                               

                2.2 Research Phases                                                      

                                2.2.1 Secondary Research                                           

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling                                      

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design                                                         

                2.4 Study Timeline                                                          

3. Overview                                                                       

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 Epidemology                                                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                                    

                4.1 Market Drivers                                                          

                4.2 Market Restraints                                                    

                4.3 Key Challenges                                                         

                4.4 Current Opportunities in the Market                                                              

5. Market Segmentation                                                                              

                5.1 Field Strength                                                            

                                5.1.1 Introduction                                           

                                5.1.2 low to mid field                                     

                                5.1.3 High Field                                 

                                5.1.4 Very High Field                                      

                                5.1.5 Ultra High Field                                      

                                5.1.6  Y-o-Y Growth Analysis, By Field Strength                                  

                                5.1.7  Market Attractiveness Analysis, By Type                                  

                                5.1.8 Market Share Analysis, By Field Strength                                   

                5.2 Architecture                .                                              

                                5.2.1 Introduction                                           

                                5.2.2  Open MRI                                               

                                5.2.3 Closed MRI                                             

                                5.2.4 Y-o-Y Growth Analysis, By Type                                     

                                5.2.5 Market Attractiveness Analysis, By Type                                   

                                5.2.6 Market Share Analysis, By Type                                     

                5.3 Application                                                 

                                5.3.1 Introduction                                           

                                5.3.2 Brain                                          

                                5.3.3 Cardiac                                      

                                5.3.4 Abdominal                                              

                                5.3.5 Spine                                         

                                5.3.6 Breast                                       

                                5.3.7 Y-o-Y Growth Analysis, By Application                                         

                                5.3.8  Market Attractiveness Analysis, By Application                                      

                                5.3.9  Market Share Analysis, By Application                                       

6. Geographical Analysis                                                                              

                6.1 Introduction                                                               

                                6.1.1 Regional Trends                                    

                                6.1.2 Impact Analysis                                     

                                6.1.3 Y-o-Y Growth Analysis                                        

                                                6.1.3.1 By Geographical Area                     

                                                6.1.3.2 By Field Strength                              

                                                6.1.3.3 By Architecture                 

                                                6.1.3.4 By Application                    

                                6.1.4  Market Attractiveness Analysis                                     

                                                6.1.4.1 By Geographical Area                     

                                                6.1.4.2 By Field Strength                              

                                                6.1.4.3 By Architecture                 

                                                6.1.4.4 By Application                    

                                6.1.5  Market Share Analysis                                      

                                                6.1.5.1 By Geographical Area                     

                                                6.1.5.2 By Field Strength                              

                                                6.1.5.3 By Architecture                 

                                                6.1.5.4 By Application                    

                6.2 U.K                                                 

                6.3 Spain                                                             

                6.4 Germany                                                     

                6.5 Italy                                                               

                6.6 France                                                          

7.Strategic Analysis                                                                        

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

8.Market Leaders' Analysis                                                                         

                8.1 Hitachi Medical Corporation                                                

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Financial analysis                                  

                                8.1.4 Recent Developments                                       

                                8.1.5 SWOT analysis                                       

                                8.1.6 Analyst View                                          

                8.2 Toshiba Medical Systems                                                     

                8.3 Siemens Healthcare                                                

                8.4 GE Healthcare                                                           

                8.5 Imris Inc.                                                      

                8.6 Fonar Corporation                                                   

                8.7 Esaote S.P.A                                                               

                8.8 Neusoft Medical System                                                      

                8.9 Aurora Medical Imaging                                                        

                8.10 Philips Healthcare                                                  

9.Competitive Landscape                                                                            

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                         

                9.4 New Product Launches                                                         

10.Market Outlook and Investment Opportunities                                                                          

Appendix                                                                           

                a) List of Tables                                                

                b) List of Figures                                                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Europe MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  2. Europe low to mid field Market, By Region, From 2020 to 2025 (USD Million)
  3. Europe High Field Market, By Region, From 2020 to 2025 (USD Million)
  4. Europe Very High Field Market, By Region, From 2020 to 2025 (USD Million)
  5. Europe Ultra High Field Market, By Region, From 2020 to 2025 (USD Million)
  6. Europe MRI Market, By Application, From 2020 to 2025 (USD Million)
  7. Europe Brain Market, By Region, From 2020 to 2025 (USD Million)
  8. Europe Abdominal Market, By Region, From 2020 to 2025 (USD Million)
  9. Europe Cardiac Market, By Region, From 2020 to 2025 (USD Million)
  10. Europe Spine Market, By Region, From 2020 to 2025 (USD Million)
  11. Europe Breast Market, By Region, From 2020 to 2025 (USD Million)
  12. Europe MRI Market, By Architecture, From 2020 to 2025 (USD Million)
  13. Europe Open MRI Market, By Region, From 2020 to 2025 (USD Million)
  14. Europe Closed MRI Market, By Region, From 2020 to 2025 (USD Million)
  15. U.K. MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  16. U.K. MRI Market, By Application, From 2020 to 2025 (USD Million)
  17. U.K. MRI Market, By Architecture, From 2020 to 2025 (USD Million)
  18. Germany MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  19. Germany MRI Market, By Application, From 2020 to 2025 (USD Million)
  20. Germany MRI Market, By Architecture, From 2020 to 2025 (USD Million)
  21. France MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  22. France MRI Market, By Application, From 2020 to 2025 (USD Million)
  23. France MRI Market, By Architecture, From 2020 to 2025 (USD Million)
  24. Italy MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  25. Italy MRI Market, By Application, From 2020 to 2025 (USD Million)
  26. Italy MRI Market, By Architecture, From 2020 to 2025 (USD Million)
  27. Spain MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  28. Spain MRI Market, By Application, From 2020 to 2025 (USD Million)
  29. Spain MRI Market, By Architecture, From 2020 to 2025 (USD Million)

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