| Product Code: ETC5629629 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cyprus saw a significant increase in the concentration of magnetic resonance imaging systems imports, with top exporters being Germany, South Korea, China, USA, and Italy. This shift towards high concentration indicates a more focused market landscape. The impressive 12.87% CAGR from 2020 to 2024 demonstrates sustained growth in this sector, with a notable 8.73% growth rate from 2023 to 2024. These trends suggest a growing demand for advanced medical imaging technology in Cyprus, with key players from diverse countries contributing to the market's development.

The MRI market in Cyprus supports the healthcare sector by providing advanced diagnostic imaging. Demand for MRI systems is rising due to increasing healthcare investments and the need for accurate medical diagnostics.
The market for MRI systems in Cyprus benefits from increasing healthcare expenditures and the need for advanced diagnostic tools. With the healthcare sector focusing on non-invasive diagnostic methods, the adoption of MRI systems for diverse medical applications, from neurology to cardiology, is expanding, thus driving market growth.
The market for MRI systems in Cyprus is constrained by the slow modernization of healthcare infrastructure and the high capital investment required for acquiring and maintaining advanced imaging equipment. Public hospitals, in particular, face challenges in securing the necessary funding, while the private sector remains limited in its capacity to absorb additional costs associated with MRI systems. Furthermore, servicing and upgrading MRI systems often require external expertise, increasing operational expenses.
The government supports investments in medical infrastructure, particularly in MRI systems, by providing financial incentives for the adoption of advanced diagnostic equipment in healthcare facilities.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Magnetic Resonance Imaging Systems Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Magnetic Resonance Imaging Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Magnetic Resonance Imaging Systems Market - Industry Life Cycle |
3.4 Cyprus Magnetic Resonance Imaging Systems Market - Porter's Five Forces |
3.5 Cyprus Magnetic Resonance Imaging Systems Market Revenues & Volume Share, By Field Strength, 2021 & 2031F |
3.6 Cyprus Magnetic Resonance Imaging Systems Market Revenues & Volume Share, By Architecture, 2021 & 2031F |
4 Cyprus Magnetic Resonance Imaging Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Magnetic Resonance Imaging Systems Market Trends |
6 Cyprus Magnetic Resonance Imaging Systems Market Segmentations |
6.1 Cyprus Magnetic Resonance Imaging Systems Market, By Field Strength |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Magnetic Resonance Imaging Systems Market Revenues & Volume, By High-field MRI systems (1.5T to 3T), 2021-2031F |
6.1.3 Cyprus Magnetic Resonance Imaging Systems Market Revenues & Volume, By Low-to-mid-field MRI systems (<1.5T), 2021-2031F |
6.1.4 Cyprus Magnetic Resonance Imaging Systems Market Revenues & Volume, By Very-high-field MRI systems (4T and above), 2021-2031F |
6.2 Cyprus Magnetic Resonance Imaging Systems Market, By Architecture |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Magnetic Resonance Imaging Systems Market Revenues & Volume, By Closed MRI systems, 2021-2031F |
6.2.3 Cyprus Magnetic Resonance Imaging Systems Market Revenues & Volume, By Standard bore MRI, 2021-2031F |
6.2.4 Cyprus Magnetic Resonance Imaging Systems Market Revenues & Volume, By Wide bore MRI, 2021-2031F |
6.2.5 Cyprus Magnetic Resonance Imaging Systems Market Revenues & Volume, By Open MRI systems, 2021-2031F |
7 Cyprus Magnetic Resonance Imaging Systems Market Import-Export Trade Statistics |
7.1 Cyprus Magnetic Resonance Imaging Systems Market Export to Major Countries |
7.2 Cyprus Magnetic Resonance Imaging Systems Market Imports from Major Countries |
8 Cyprus Magnetic Resonance Imaging Systems Market Key Performance Indicators |
9 Cyprus Magnetic Resonance Imaging Systems Market - Opportunity Assessment |
9.1 Cyprus Magnetic Resonance Imaging Systems Market Opportunity Assessment, By Field Strength, 2021 & 2031F |
9.2 Cyprus Magnetic Resonance Imaging Systems Market Opportunity Assessment, By Architecture, 2021 & 2031F |
10 Cyprus Magnetic Resonance Imaging Systems Market - Competitive Landscape |
10.1 Cyprus Magnetic Resonance Imaging Systems Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Magnetic Resonance Imaging Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |