United Kingdom Magnetic Resonance Imaging (MRI) market is expected to register robust growth in the forecast period, 2023-2027.
Rise in Number of Diseases is Expected to Augment the Market Growth
The growing prevalence of chronic diseases coupled with the increasing adoption of diagnostic services are supporting the growth for this market. Furthermore, the ability of magnetic resonance imaging (MRI) of early detection of several conditions including the orthopedic and cardiovascular substantially improves the success rates of the treatment that further favors its adoption across the United Kingdom. The expanding elderly population, who are more prone to various medical issues, is driving up the adoption of MRI systems. Also, the growing awareness regarding the benefits of early diagnosis and the advent of MRI-compatible pacemakers expand the magnetic resonance imaging (MRI) market’s growth rate. Additionally, the expanding healthcare industry along with the initiatives undertaken by the government authorities to make quality healthcare facilities accessible are also expected to fuel the market growth in the forthcoming years.
Launch of Technologically Advance Products Supports the Market Growth
Extensive investments in product development, numerous manufacturers are focusing on efforts to explore more applications of MRI systems which aids he market growth. With this, the enhancing healthcare infrastructure in emerging economies offer lucrative market opportunities for MRI system providers. Product launches and approvals have emerged as a key growth strategy adopted by leading MRI system suppliers which accelerates the growth of the market. This growth strategy further assists manufacturers in the diagnostic imaging market to strengthen their product portfolios and gain market share through increased MRI system shipments. Additionally, the magnetic resonance imaging market is a technological-driven space, which witnesses the development of innovative MRI systems.
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Market Segmentation
The United Kingdom Magnetic Resonance Imaging (MRI) market is segmented into field strength, type, architecture, source, application, end user, regional distribution, and competitive landscape. Based on field strength, the market is divided into 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)). Based on type, the market is bifurcated into fixed and mobile. Based on architecture, the market is bifurcated into closed MRI systems and open MRI systems. Based on source, the market is divided into domestic and import. Based on application, the market is segmented into brain and neurological, oncology, spine and musculoskeletal, abdominal, cardiac, others. Based on end user, the market is divided into
Market Players
Philips Medical Systems UK Limited, GE Healthcare UK Limited, Siemens Healthcare Limited, Canon Medical Systems Limited, Hitachi Medical Systems UK Limited, Fujifilm Healthcare UK Limited, United Imaging Healthcare Company Limited are the key market players operating in United Kingdom Magnetic Resonance Imaging (MRI).
Attribute | Details |
Base Year | 2021 |
Historic Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · Field Strength · Architecture · Source · Application · End User |
Regional scope | London, Southeast, East Anglia, Scotland, Southwest, East Midlands, Yorkshire & Humberside, Rest of United Kingdom |
Key companies profiled | Philips Medical Systems UK Limited, GE Healthcare UK Limited, Siemens Healthcare Limited , Canon Medical Systems Limited, Hitachi Medical Systems UK Limited, Fujifilm Healthcare UK Limited, United Imaging Healthcare Company Limited |
Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
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