Germany Magnetic Resonance Imaging Market Size, Share, and COVID-19 Impact Analysis, By Architecture (Open system and Closed system), By Field Strength (Low field strength, Mid field strength, and High field strength), By Application (Obstructive Sleep Apnea, Brain & neurological, Spine & musculoskeletal, Vascular, Abdominal, Cardiac, Breast, and Others), By End-use (Hospitals, Imaging Centers, Ambulatory Surgical Centers, and Others), and Germany Magnetic Resonance Imaging Market Insights, Industry Trend, Forecasts to 2033

Germany Magnetic Resonance Imaging Market Insights Forecasts to 2033

• The Germany Lubricants Market Size was valued at USD 0.69 Billion in 2023.
• The Germany Magnetic Resonance Imaging Market is growing at a CAGR of 5.69% from 2023 to 2033
• The Germany Magnetic Resonance Imaging Market Size is expected to reach USD 1.20 Billion by 2033

The Germany Magnetic Resonance Imaging Market is anticipated to exceed USD 1.20 Billion by 2033, growing at a CAGR of 5.69% from 2023 to 2033. The growing prevalence of chronic diseases and technological advancements are driving the Germany magnetic resonance imaging market.     

Market Overview

Magnetic resonance imaging market refers to the industry of magnetic resonance imaging (MRI), which is a medical imaging technology used for diagnosis and monitoring of various conditions. Magnetic resonance imaging (MRI) is a non-invasive imaging technique that uses strong magnetic field and radiowaves to create detailed images of the internal body structure, organs, and tissues. It is one of the most common diagnostic imaging techniques used in several healthcare settings. The increasing prevalence of various chronic conditions, including cancer and neurological disorders, along with the growing number of trauma cases, is driving the demand for magnetic resonance imaging for diagnosis. There is growing technological advancement in MRI, including high-strength MRI scanners and 3T MRI equipment or even higher 7T MRI equipment that are used for enhanced image quality with detail. Further, these technological improvements aid in enhancing diagnostic confidence and support early detection. Additionally, the use of new AI (artificial intelligence) techniques, which include McSTRA that are used for producing superior clinical imaging with reduced scanning time, are offering new growth opportunities for the market development.

Report Coverage

This research report categorizes the market for the Germany magnetic resonance imaging market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany magnetic resonance imaging market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany magnetic resonance imaging market.

Driving Factors

The increasing prevalence of chronic diseases is responsible for driving the market demand as they offer detailed images of soft tissues and organs without the use of ionizing radiation. As per the representative survey in Germany, 46% of the adult population reported having at least one chronic condition, including cardiovascular (28%) and musculoskeletal conditions (24%). The development of high-field MRI scanners, which are equipped with stronger magnetic fields, is promoting the market growth for magnetic resonance imaging.

Restraining Factors

The lack of proper reimbursement and strict regulatory approval processes are restraining the market growth. Further, the increased cost of this equipment limits its adoption, thereby hampering the market.

Market Segmentation

The Germany magnetic resonance imaging market share is classified into architecture, field strength, application, and end-use.

• The closed system segment dominated the market with the largest share in 2023 and is expected to grow at a significant CAGR during the projected timeframe.

Based on the architecture, the Germany magnetic resonance imaging market is divided into open system and closed system. Among these, the closed system segment dominated the market with the largest share in 2023 and is expected to grow at a significant CAGR during the projected timeframe. Closed system MRI produces high-res images for diagnosing different health problems. Further, they are instrumental when examining smaller organs in great detail. The precise selection of image slices and error free analysis ensured by the enclosed design of closed MRI is driving the market

• The mid field strength segment dominated the market with the largest market share in 2023 and is expected to grow at a substantial CAGR growth during the forecast period.

Based on the field strength, the Germany magnetic resonance imaging market is divided into low field strength, mid field strength, and high field strength. Among these, the mid field strength segment dominated the market with the largest market share in 2023 and is expected to grow at a substantial CAGR growth during the forecast period. Mid field strength MRI is typically around 0.55 Tesla (T) and has significantly low field strength as compared to conventional MRI. The popular use of mid-field strength MRI in the healthcare sector due to its affordable price and ability to capture high-precision images are driving the market.

• The brain & neurological segment dominated the Germany magnetic resonance imaging market in 2023 and is expected to grow at a significant CAGR growth during the forecast period.

Based on the application, the Germany magnetic resonance imaging market is divided into obstructive sleep apnea, brain & neurological, spine & musculoskeletal, vascular, abdominal, cardiac, breast, and others. Among these, the brain & neurological segment dominated the Germany magnetic resonance imaging market in 2023 and is expected to grow at a significant CAGR growth during the forecast period. MRI is used for examining the brain and/or spinal cord for injuries or the presence of structural abnormalities and any neurological conditions such as tumors, strokes, multiple sclerosis, and epilepsy. The higher quality of scans and superior details provided by MRI for brain and neurological conditions diagnosis is propelling the market.

• The hospitals segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR growth during the forecast period.

Based on the end-use, the Germany magnetic resonance imaging market is divided into hospitals, imaging centers, ambulatory surgical centers, and others. Among these, the hospitals segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR growth during the forecast period. MRI is widely used in hospitals for medical diagnosis, staging, and follow-up of disease, providing better contrast in images of soft tissues, e.g. in the brain or abdomen. The growing installation of MRI units in hospitals, as well as rMRI utilization in emergency care and trauma centers are driving the market in the hospitals segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany magnetic resonance imaging market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• SternMed GmbH
• Canon Medical Systems Corporation
• Esaote SpA
• GE Healthcare
• Fujifilm Holdings Corporation
• Koninklijke Philips NV
• Fonar Corporation
• Siemens Healthcare GmbH
• Neoscan Solutions
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In June 2024, Dentsply Sirona unveiled new MRI technology for dentistry. Dentsply Sirona announced that it was working with Germany-based medical technology company Siemens Healthineers to develop dental-dedicated magnetic resonance imaging (ddMRI) technology for dento-maxillofacial diagnostics.

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Magnetic Resonance Imaging Market based on the below-mentioned segments:

Germany Magnetic Resonance Imaging Market, By Architecture

• Open system
• Closed system

Germany Magnetic Resonance Imaging Market, By Field Strength

• Low field strength
• Mid field strength
• High field strength

Germany Magnetic Resonance Imaging Market, By Application

• Obstructive Sleep Apnea
• Brain & neurological
• Spine & musculoskeletal
• Vascular
• Abdominal
• Cardiac
• Breast
• Others

Germany Magnetic Resonance Imaging Market, By End-use

• Hospitals
• Imaging Centers
• Ambulatory Surgical Centers
• Others