Magnetic Resonance Imaging Device Market Research Forecast, Regional, Trends and Analysis to 2019

11/set/2019 12:30:17 Market Research Future Contatta l'autore

Magnetic resonance imaging (MRI) technique uses a combination of magnetic fields and radio waves to derive a detailed image of organs and tissues of a body. Non-invasive magnetic resonance imaging technique, unlike radiation-based imaging, does not expose patients to any radiation-related adverse effects. Thereby, leading to an increase in the number of patients opting for MRI over other medical imaging techniques like CT scan. These factors are anticipated to the magnetic resonance imaging market growth. Increase in number of patients with cardiovascular, neurological and ophthalmic disorders in geriatric population spiking the need for diagnostic attention which is expected to be another factor propelling the market growth. Moreover, these instances are to be used in research and development activities like drug discovery processes and preclinical research, to investigate possible contributions of MRI technique. This is likely to cast a positive impact on the magnetic resonance imaging market.

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However, challenges like strict regulatory laws imposed by governments and insufficient reimbursements policies for magnetic resonance imaging (MRI) High cost of the instrument and lack of trained operators are expected to constrain the market. The Market Research 2023 end. 

Key players

Some of the top-notch companies in the MRI market, which is Hitachi, Siemens AG, Canon Medical Systems, GE Healthcare, Philips, Toshiba Corporation, Toshiba Corporation, Xingaoyi, and Aurora Imaging Technologies, Inc.

Industry Update

January 2019: The Nova Scotia Halifax Authority collaborated with Synaptive Medical to develop the head-only MRI called Evry. It will assist physicians in making immediate correct decisions for critical patients.

 

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Segmental  Analysis

MRFR conducted a study on the global magnetic resonance imaging market in segments for a vivid understanding of the market. The MRI market study is segmented by type, field strength, disease application, and end user.

Based on type, the market is segmented into open MRI, closed MRI, standard bore MRI, and wide-bore MRI.

Based on field strength, the market is segmented into high-field MRI systems, 1.5t MRI systems, 3t MRI systems, low-to-mid-field MRI systems, very-high-field MRI systems, and others.

Based on disease application, the market is segmented into the spine and musculoskeletal MRI, brain and neurological MRI, pelvic and abdominal MRI, breast MRI, cardiovascular MRI, and others.

Based on end user, the market is segmented into diagnostic imaging centers, hospitals and clinics, research laboratories, and pharmaceutical and biotechnology companies.

Regional Analysis

MRFR predicts the possibility of North America to maintain its hegemony in the magnetic resonance imaging market. MRI technique aids in accurate diagnosis and provides detailed images of soft tissues and vascular system. Increasing prevalence of complicated disorders that require such an accurate diagnosis is likely to drive the regional market growth. Availability of advanced medical infrastructure and professional operators.

Followed by North America, the European market is anticipated to grow at a rapid pace. Capability of European citizens to afford modern medical expenses. Asia Pacific is likely to grow with the highest CAGR in the forthcoming years to multiple market drivers in the region. The region is witnessing a rise in the number of patients with serious disorders which require sincere medical attention. Hence, this is likely to trigger the magnetic imaging market growth in the region. Moreover, governments in the region are availing of medical insurance policies which are expected to trigger market growth in the upcoming years. MRFR reports that healthcare key players are setting up their headquarters and plants in Singapore, China, Japan,

Lack of medical awareness among people and treatment facilities in the Middle East and Africa Emirates, Saudi Arabia and Saudi Arabia is expected to improve the magnetic resonance imaging market growth during the forecast years.

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