Siemens Healthcare GmbH, Koninklijke Philips N.V. and GE Healthcare are Dominating in the Global MRI Scanner Market in 2020

Global MRI Scanner Market is expected to grow with the CAGR of 4.98% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below:

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Global MRI scanner market is a highly consolidated market which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.   

The major players dealing in global MRI scanner market are introducing strong range of MRI scanner products provider along with launching new MRI scanner products and adopting strategic initiatives such as acquisition, agreement, business expansion, award and recognition into the market. This has helped the companies to maximize the sales with enhanced product portfolio. For instance, in December 2019, Siemens Healthcare GmbH announced that they have launched multiple software assistants based on artificial intelligence (AI) which are specially design to free radiologists from the burden of performing routine activities during magnetic resonance imaging (MRI) examinations. After launching such types of innovative software for magnetic resonance imaging (MRI), the company enhanced the credibility of their product portfolio.

Siemens Healthcare GmbH is the dominating player in the global MRI scanner market. The other key players existing in the MRI scanner market are Aspect Imaging, CANON MEDICAL SYSTEMS CORPORATION (a subsidiary of Canon Inc.), GE Healthcare, Hitachi, Ltd., Koninklijke Philips N.V., Neusoft Corporation, ESAOTE SPA, FONAR Corp., Synaptive Medical, AllTech Medical Systems, Shanghai United Imaging Medical Technology Co., Ltd., Medonica Co. LTD, IMRIS, Promaxo, Aurora Healthcare US Corp, SG HealthCare, Elekta AB, Beijing Wandong Medical Technology Co., Ltd, ASG Superconductors spa, MinFound Medical Systems Co., Ltd., Hyperfine, SternMed GmbH and Time Medical Holding among others.

MRI Scanner Market

Siemens Healthcare GmbH: 

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

For instance,

  • In November 2018, Siemens Healthcare GmbH announced that they have 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 presence across Europe, North America, Asia-Pacific, South America and Middle East and Africa. The company also has various subsidiary companies 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.: 

Koninklijke Philips N.V. is headquartered in Amsterdam, The Netherlands which 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 deals in multiple business segments such as diagnosis & treatment businesses, personal health businesses, connected care & health and other out of which diagnosis & treatment businesses is the market focused segment. The company has various products under categories which are for consumer and for professionals (healthcare) in which for professionals (healthcare) are the market focused category. 

For instance,

  • In January 2019, Koninklijke Philips N.V. announced that they have 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 has enhanced the company product portfolio which helps the company to generate adequate revenue.

The company has presence in Europe, North America, South America, Asia-Pacific and Middle East and Africa. The company also has various subsidiary companies such as 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:

The company mainly focuses in the pursuit of precision health along with improved outcomes for healthcare providers and for therapy innovators around the world. The company deals in multiple business segments such as healthcare systems and life sciences out of which healthcare systems is the market focused segment. The company has various products under categories which are 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 and ventilators in which for magnetic resonance imaging is the market focused category. 

For instance,

  • In April 2017, GE Healthcare announced that they have 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 wide presence across Asia-Pacific, Europe, Middle East and Africa, North America and South America. The company also has various subsidiary companies 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.) among others.