Implementation of various technologically advanced products namely espree MRI Systems and introduction of RF subsystem for operating MRI are also attributed for the growth of the global MRI market.
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Plastic Compounding Market Analysis, Growth, Trends To 2022: Grand View Resea...
Magnetic Resonance Imaging Market Size, Segmentation To 2020: Grand View Research, Inc.
1. Magnetic Resonance Imaging Market by Architecture
Analysis (Open and Closed), by Field Strength Analysis
(Low-To-Mid, High, Very High, Ultra High), by Application
Analysis (Brain and Neurological, Spine And
Musculoskeletal, Vascular, Breast, Pelvic and Abdominal,
And Cardiac), Market Size, Regional Outlook, Competitive
Strategies and Forecasts, 2015 To 2022
The major factors attributing for the magnetic resonance imaging market includes
rising awareness about early diagnosis, rising geriatric population base,
introduction of technical advancement such as implementation of software
application in the systems which in turn will increase the accuracy. Implementation
of various technologically advanced products namely espree MRI Systems and
introduction of RF subsystem for operating MRI are also attributed for the growth
of the global MRI market.
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analysis/magnetic-resonance-imaging-market
Moreover, there are few more market propelling factors that includes ascendancy
in patients with cardiovascular and neurological disorders, increasing incidences of
road accidents caused under influence of alcohol, inefficient law enforcement and
rash driving. However, there are certain factors such as high capital investment,
declining reimbursement rates, and declination of helium gas depositions that are
expected to disrupt the growth of this market over the forecast period.
3. In 2014, closed systems accounted for the largest market shares due to fast and
accurate diagnosis results and high usage rate amongst majority of the hospital
chains. Over the forecast period, very high field MRI systems are established to
grow at a significant rate. The improvement in quality of image, having higher
resolutions quality, and increasing speed are the key attributing factors for the
growth of this segment. The brain and neurological MRI system segment is
expected to have the largest MRI market share. The key attributing factor for its
large market share is the lack of substitute imaging tool for brain and neurological
diagnosis.
4. North America is estimated as the major revenue achieving region. Better
reimbursement policies, higher awareness and upgrading technical infrastructure
are the factors fuelling North American market. Asia Pacific is anticipated as the
fastest growing region. Favorable government initiatives such as “change India”
and “make India” campaigns, large pool of well trained medical professionals,
awareness about the sophisticated medical diagnosis technique, growing geriatric
population which requires more focused and accurate diagnosis and development
of healthcare infrastructure are few associating factors for being the fastest
growing region, especially for MRI technologies.
Key players in this market include Hitachi medical corporation, Siemens
Healthcare, and Toshiba medical systems, GE Healthcare, Philips healthcare.
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