Regional Analysis

North America: North America is the largest market for global magnetic resonance imaging (MRI) systems market, accounting for a market share of over 45.0% in 2022. The North America magnetic resonance imaging (MRI) systems market is driven by factors such as high prevalence of chronic diseases such as cancer, cardiovascular diseases, and others. Furthermore, technological advancements in MRI systems, and favorable reimbursement scenario in the region is also contributing to the market growth. Introduction of artificial intelligence (AI) and big data technologies is expected to revolutionize the medical imaging industry.
Europe: Europe is the second-largest market for global magnetic resonance imaging (MRI) systems market, accounting for a market share of over 30.3% in 2022. The Europe magnetic resonance imaging (MRI) systems market is driven by increase in focusing on developing open and wide-bore MRI systems integrated with AI assistants for simplified operations. Rising healthcare expenditures of European governments and increasing availability of insurance coverage for routine health checks including MRI scans are stimulating the market However, high costs involved in installation, maintenance and upgrades of MRI machinery is a major restraint.
Asia Pacific: Asia Pacific is the fastest-growing market for global magnetic resonance imaging (MRI) systems market, accounting for a market share of over 20.4% in 2022. The Asia Pacific magnetic resonance imaging (MRI) systems market has been witnessing significant growth in the forecast period on account of rising healthcare expenditure across developing nations, increasing awareness regarding early disease diagnosis, and growing preference for non-invasive diagnostic procedures.

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
Africa: South Africa, North Africa, and Central Africa