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:
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
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