2025年中国MRI医用影像行业：CR5占比90%+，AI加持下，会重新洗牌吗？

Investment Rating - The report does not explicitly state an investment rating for the MRI medical imaging industry in China Core Insights - The Chinese MRI medical imaging industry has rapidly developed and is becoming a significant part of the global MRI market, with domestic brands narrowing the gap with international giants through continuous technological innovation [2] - The industry is expected to benefit from supportive policies for domestic medical devices and the implementation of the "Healthy China 2030" initiative, which will enhance overall medical service levels and stimulate MRI equipment demand [2] - The competitive landscape is shifting, with domestic brands expected to dominate the mid-range market due to their cost-effectiveness, while imported brands may introduce economical models to capture market share [3] Summary by Sections Overview of the China MRI Industry - MRI is a non-invasive imaging technology that does not use ionizing radiation, capable of displaying both morphological structures and biochemical information [3][11] - The technology has evolved significantly, becoming one of the fastest-growing imaging techniques in modern medicine [3] Market Size of the China MRI Industry - The market is currently dominated by tertiary hospitals, but secondary hospitals are expected to grow significantly due to policy incentives [44] - The market size is projected to grow from 115.5 billion RMB in 2020 to 243.2 billion RMB by 2029, with a CAGR of 11.0% [46] Industry Chain of the China MRI Industry - The MRI equipment consists of key components such as the magnet system, gradient system, RF system, and computer/image processing system, with the magnet system accounting for over 90% of the cost [56][57] - Domestic brands have made significant progress in developing core components, although some advanced technologies still require further investment [58] Competitive Landscape of the China MRI Industry - The competitive landscape is characterized by a concentration of patents in high-end MRI technologies within Chinese institutions, but commercialization lags behind foreign companies [49] - Domestic MRI companies are encouraged to collaborate with research institutions to convert patent advantages into marketable products [49]