Siemens Healthcare GmbH, KONINKLIJKE PHILIPS N.V., and GE Healthcare are Dominating the Global Magnetic Resonance Imaging Devices Market in 2019

Global Magnetic Resonance Imaging Devices Market is expected to grow with the CAGR of 4.0% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global magnetic resonance imaging devices market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global magnetic resonance imaging devices market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance,

  • In December 2019, Siemens Healthcare GmbH announced that it had launched a number of artificial intelligence (AI) software assistants specifically designed to relieve radiologists of the burden of performing routine MRI scans. After launching such magnetic resonance imaging (MRI) software, the company increased the credibility of its product range.

Siemens Healthcare GmbH is dominating player in global magnetic resonance imaging devices market. The other key players existing in the market includes Aspect Imaging, CANON MEDICAL SYSTEMS CORPORATION (A Subsidiary of Canon Inc.), GE Healthcare, Hitachi, Ltd., Koninklijke Philips N.V., Neusoft Corporation, ESAOTE SPA, FONAR, Synaptive Medical, AllTech Medical Systems, United Imaging Intelligence, Medonica Co. LTD, IMRIS, Deerfield Imaging, Inc., Promaxo, AURORA HEALTHCARE US CORP, SG HealthCare, HYPERFINE, Elekta AB, Beijing Wandong Medical Technology Co.,Ltd, ASG Superconductors spa among others.

Magnetic Resonance Imaging Devices Market Siemens Healthcare GmbH

Siemens Healthcare GmbH headquartered in Erlangen, Germany was founded in year 1896. The company engaged in manufacturing and commercializing of laboratory diagnostics, medical imaging, digital ecosystem, reading solutions across the world. The company operates in multiple segments such as imaging, diagnostics & advanced therapies, out of which imaging is market focused segment. The company offers wide range of product in various categories such as medical imaging, laboratory diagnostics, point-of-care testing, digital health solutions, services & consulting, clinical specialties, accessories, OEM & electronics and healthcare IT out of which medical imaging is market focused category.

  • In November 2018, Siemens Healthcare GmbH has expanded their MRI portfolio by the launching of Magnetom Lumina (3 Tesla) and Magnetom Altea (1.5 Tesla). This development has expanded the product portfolio of the company which has helped to generate adequate revenue in the market.

The company has wide global presence across the world as North America, Europe, Asia-Pacific, South America, Middle East and Africa with its various subsidiaries such as Befund24 GmbH (Germany), Siemens Healthcare Sdn. Bhd. (Malaysia), Siemens Healthcare S.r.l. (Germany), Fast Track Diagnostics Research Limited (Malta), Siemens Healthineers AG, Munich (Germany) among others.


KONINKLIJKE PHILIPS N.V. is headquartered in Amsterdam, Netherlands, was founded in 1891. The company is engaged in offering diagnostic imaging, patient monitoring, image-guided therapy and health informatics and also solutions in consumer health and home care. The company has multiple business segment that is diagnosis & treatment businesses, personal health businesses, connected care & health, other, out of which diagnosis & treatment businesses is the market focused segment. The company provide product in multiple categories that is for consumer, for professionals (healthcare) in this for professionals (healthcare) is the market focused category.

  • In January 2019, Koninklijke Philips N.V. launched new imaging systems solutions in India which includes Next MR Wave (Ingenia Ambition, Ingenia Elition). These MR solutions will equip clinicians with detailed information thereby resulting in diagnosis. This development enhanced the company product portfolio which helps the company to generate adequate revenue.

The company has wide global presence across Europe, North America, South America, Asia-Pacific, Middle East and Africa. The company has various subsidiaries Philips GmbH (Germany), Philips Consumer Lifestyle B.V. (The Netherlands), Philips Medical Systems Nederland B.V. (The Netherlands), Philips Ultrasound, Inc. (U.S.), Philips Oral Healthcare, LLC (U.S.) among others.

GE Healthcare

GE Healthcare mainly focuses in the pursuit of precision health along with improved outcomes for healthcare providers and for therapy innovators around the world. The company has multiple business segments that are healthcare systems, life sciences, out of which healthcare systems is market focused segment. The company provides products in various categories such as accessories and supplies, advanced visualization, anesthesia delivery, bone and metabolic health, computed tomography, contrast media, diagnostic ECG, edison, EP recording, goldSeal - refurbished systems, healthcare IT, hemodynamic recording, interoperability, interventional image guided systems, life sciences, magnetic resonance imaging, mammography, maternal infant care, molecular imaging, nuclear imaging agents, patient monitoring, radiography, fluoroscopy systems, surgical imaging, ultrasound, ventilators, out of these magnetic resonance imaging is the market focused category.

  • In April 2017, GE Healthcare has showcased their wide bore 3.0T magnetic resonance imaging (MRI) system in the International Society of Magnetic Resonance Imaging (ISMRM) Annual Meeting. This system provided high performance with research-focused clinical capabilities which is specially designed for neurological as well oncology research and clinical work. This initiative has enhanced the credibility of the products among the customers

The company has presence in Asia-Pacific, Europe, Middle East and Africa, North America, South America. The company has various subsidiaries such as Hyclone Laboratories Inc (U.K.), Dharmacon (U.S.), VersaMed Corporation (U.S.), GE Healthcare IT (U.S.), GE Healthcare’s eMedia Studios and Services (U.S.).