The global magnetic resonance imaging (MRI) market is expected to reach
an approximate value of USD 5.6 billion by 2025. Constant introduction of
advanced disease diagnostic technologies is primarily boosting the growth. In
addition, the rapid growth of MRI sector is attributed to the growing
prevalence of chronic diseases which require early diagnosis and timely
treatment to prevent late stage complications. Also, rising number of road
accidents leading to injuries and complications are augmenting the demand for
this modality. The musculoskeletal and spine injuries also demand for magnetic
resonance imaging systems for better scans using high-resolution scanning
technique.
On the other hand, high cost of these products, and requirement of
qualified professional to operate the device are some of the major factors
challenging the growth of the market. Moreover, prolonged life span of these
devices is resulting in delayed repeat purchase and thereby hindering the
market growth.
Furthermore, players are adopting various strategies such as merges and
acquisitions, and collaborations to remain competent in the space. For
instance, Aurora Imaging Technology signed a distribution agreement with Sumec
Group Corporation. Under the terms of agreement, Sumec Corporation is
distributing Aurora Imaging Technology’s MRI system in China. The agreement
provided a platform for both the companies to expand their diagnostics and
screening market for breast scans using Aurora MRI system in China.
In depth research report on Magnetic Resonance
Imaging Market
Further Key Findings from the Study Suggest:
·
Adoption of
advanced imaging technologies is augmenting the growth of MRI market
·
The closed system
segment accounted for the largest share in 2015. Whereas open system is
anticipated to be the fastest growing segment during the forecast period.
·
MRI for neural
and brain disorders dominated the market since no alternate scanning tool is
available
·
In 2015, North
America dominated the global space with the largest revenue share owing to
continuous research and high adoption of advanced techniques
·
Asia Pacific
is anticipated to show the fastest growth rate during the forecast period from
2016 to 2025
·
Rapidly
growing medical tourism industry coupled with growing disposable income of
India, and China are some of the factors that are expected to drive the market
growth
·
Major players
competing in the industry include but are not limited to Siemens AG;
Koninklijke Philips N.V.; GE Healthcare; Hitachi Medical Systems
Grand View Research has segmented the magnetic resonance imaging market
by architecture, field strength, application and region:
Magnetic Resonance Imaging Architecture
Outlook (Revenue, USD Million; 2014 - 2025)
·
Closed Systems
·
Open Systems
Magnetic Resonance Imaging Field Strength
Outlook (Revenue, USD Million; 2014 - 2025)
·
Low Field
Strength
·
Mid Field
Strength
·
High Field
Strength
Magnetic Resonance Imaging Application Outlook
(Revenue, USD Million; 2014 - 2025)
·
Brain and
neurological
·
Spine and
Musculoskeletal
·
Vascular
·
Abdomen
·
Cardiac
·
Breast
·
Others
Magnetic Resonance Imaging Regional Outlook
(Revenue, USD Million; 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Mexico
o
Brazil
·
MEA
o
South Africa
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
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technology, chemicals, materials, healthcare and energy.
For more market analysis reports, please
visit: http://www.grandviewresearch.com/
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