Modernization of the healthcare infrastructure and technological developments in MRI techniques such as open architecture, high field MRI and superconducting (SC) magnets are the factors driving the magnetic resonance market growth.
The Magnetic Resonance Imaging (MRI) Market is expected to grow at a CAGR of 5.4% from 2020-2030, according to a new research report by Next Move Strategy Consulting.
MRI is used for identify diseases related to tumors, spine lesions, and stroke affecting the area of blood vessels and brain. It provides high dimensional picture of the soft tissues and organs of the human body. MRI is less harmful as it does not use ionizing radiation and therefore, it is the most preferred diagnosis technology by the doctors. The magnetic resonance imaging market growth is gaining momentum due to the surge in diseases such as trauma, cancer and cardiac arrest. Also, factors such as growing demand of advanced equipment to provide better healthcare and rising demand for accurate diagnosis are driving the market growth. However, high installation cost of MRI devices and limited reimbursements are factors expected to hamper the growth of the magnetic resonance imaging market to some extent.
Based on product type, the market is segmented into open MRI and close MRI. On the basis of field strength, the market is divided into high field system, medium field system and low field system. On the basis of application, the market is categorized into brain and neurological, spine and musculoskeletal, vascular, abdominal, cardiac, breast, and others. Based on enduser, the market is bifurcated into hospitals, imaging centers, ambulatory surgical centers, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
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Geographically, North America holds the lion share of the magnetic resonance imaging market. This is attributed to the factors such as introduction of hybrid MRI systems in this region and higher healthcare expenditure. Europe is holding the second-largest share of the market due to growing demand of advanced diagnostic devices and increasing geriatric population.
However, Asia Pacific is expected to show fastest growth in terms of market share owing to rapid expansion of healthcare industry, increasing awareness about the benefits of early diagnosis and availability of low-cost healthcare services.
According to the report, the key players of the market are GE Healthcare, Siemens Healthcare, Philips Healthcare, Hitachi Medical Corporation, Toshiba Medical Systems Corporation, Shimadzu Corp, Carestream Health, Hologic, Barco and Nordion Inc.
Key Insights:
· Current emerging trends and opportunities are extensively analysed in magnetic resonance imaging market report.
· The forecast of the magnetic resonance imaging market comes along with additional information associated with opportunities, restrains and key drivers in the market.
The report magnetic resonance imaging market- segmented by product type, field strength, application, enduser and geography.
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Magnetic resonance imaging (MRI) market is a non-invasive imaging technology that generates three-dimensional, comprehensive anatomical pictures.
It is focused on advanced technology that stimulates and recognizes changes in the orientation of the rotation axis of the protons discovered in the water that makes up the living tissues.
MRI enables your doctor to diagnose a disease or wound and can monitor how well you're doing with your therapy.
It is particularly helpful when searching at smooth tissues and the nervous system.
It may be used to assist diagnose or track therapy for a number of circumstances in the heart, abdomen and pelvis.Magnetic resonance imaging (MRI) market is registering a substantial CAGR of 5.60% in the forecast period of 2019-2026.
This rise in the market can be attributed to the new helium deposits invention, technological innovations in MRI and rise focus on replacing low-field MRI systems with high-level MRI systems.Access insightful study with over 100+ pages, list of tables & figures, profiling 10+ companies.
Magnetic Resonance Imaging (MRI) Systems Market Information: By Type (Open MRI and Close MRI), Field Strength (High-Field MRI Systems), Disease Application (Brain and Neurological MRI), and by End-Users (Hospitals & Clinics) - Forecast Till 2027Market OverviewThe global Magnetic Resonance Imaging (MRI) Systems market 2020 is poised to record USD 5 Billion by 2023 at a 3.5% CAGR over the forecast period.
Market HighlightsThis market is motivated primarily by the growing need for non-invasive procedures, the adverse effects of radiation-based imaging, the growth in research and development activities in the life sciences field, and the the use of magnetic resonance imaging ( MRI) systems in drug discovery and preclinical testing processes.Market expansion, however, is limited by factors such as stringent regulatory approval processes, high instrument prices, a lack of competent operators, and inadequate reimbursement policies for magnetic resonance imaging ( MRI) systems.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/6194 Segmental AnalysisBased on type, field power, disease application and end-user, the global market for magnetic resonance imaging ( MRI) systems is segmented.The market is segmented into open MRI, closed MRI, wide-bore MRI, standard bore MRI, comprise the type segment.The market is segmented into high-field MRI systems, 1.5 t MRI systems, 3 t MRI systems, low-to-mid-field MRI systems, very high-field MRI systems and others on the basis of field strength.The industry is segmented into spinal and musculoskeletal MRI, brain and neurological MRI, vaginal and abdominal MRI, breast MRI, cardiovascular MRI, and others with respect to the application of the disorder.The industry is categorised into medical imaging centres, hospitals and clinics, research labs, and pharmaceutical & biotechnology businesses according to the end consumer.Regional Overview Based on region the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa.Leading to the growing prevalence of cardiovascular, neurological and ophthalmic diseases linked to the increasing geriatric population, which is a significant cause factor for this disease, America dominates the market for magnetic resonance imaging ( MRI) systems.
In addition, factors such as increased government interventions and support for medical device research, increased demand for accurate diagnosis, awareness of the adverse effects of radiation imaging, the potential to provide in-depth photographs of soft tissues and vascular systems, and the involvement of pharmaceutical giants are also driving the growth of the market in this area.Due to significant driving factors such as the provision of specialised treatment facilities, increased healthcare spending, strong healthcare infrastructure and the thriving medical technology industry due to the participation of major market players, Europe is the second largest market and holds a fair share in the global magnetic resonance imaging ( MRI) systems market.
Thus, due to the large customer population, faster adaptation of healthcare technologies, government measures to enhance the quality of healthcare, accessibility of favourable business growth of insurance policies will increase during the forecast period.
In addition, due to lower costs of clinical trials and testing, major players have set up their regional offices and production facilities in Singapore , China, Japan , Korea, and Australia, which would make the Magnetic Resonance Imaging ( MRI) systems industry a positive growth curve in the future.
Due to some major reasons , such as lack of knowledge, insufficient connectivity, and access to treatment facilities, the Middle East & Africa is expected to see the least growth in the sector.
Magnetic resonance imaging (MRI) market is a non-invasive imaging technology that generates three-dimensional, comprehensive anatomical pictures.
It is focused on advanced technology that stimulates and recognizes changes in the orientation of the rotation axis of the protons discovered in the water that makes up the living tissues.
MRI enables your doctor to diagnose a disease or wound and can monitor how well you're doing with your therapy.
It is particularly helpful when searching at smooth tissues and the nervous system.
It may be used to assist diagnose or track therapy for a number of circumstances in the heart, abdomen and pelvis.Magnetic resonance imaging (MRI) market is registering a substantial CAGR of 5.60% in the forecast period of 2019-2026.
This rise in the market can be attributed to the new helium deposits invention, technological innovations in MRI and rise focus on replacing low-field MRI systems with high-level MRI systems.This Magnetic Resonance Imaging (MRI) Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
