Global Magnetic Resonance Imaging (MRI) Market Insights, Opportunity Analysis, Market Shares and Forecast, 2016 - 2022
The worldwide MRI machines market is anticipated to achieve $7.19 Billion by 2022 from $5.61 Billion in 2016, at a CAGR of 5.1% during 2016 to 2022. The major factors that are fuelling market development are the developing geriatric populace; headways in MRI techniques, for example, the advancement of superconducting (SC) magnets, open design, ultra-high-field MRI, and programming applications; and the entry of MRI-good pacemakers are likely to drive the interest for MRI frameworks amongst end clients in the conjecture time frame. Then again, the high cost of MRI frameworks, decreasing helium gas stores, and declining remuneration rates for MRI techniques are foreseen to influence the development of the MRI frameworks market during2016 to 2022. Be that as it may, developing markets in nations like China, India, Brazil, and the Middle East, its novel application ranges like recognition of different sclerosis and bosom disease, and the coming utilization of half and half MRI frameworks give development chances to top players in the MRI frameworks market. Besides, absence of talented work and many-sided quality of MRI instrumentation may posture experiences for the advancement of this business sector.
The global MRI market is segmented on the basis of field strength, application and architecture. Different types of Magnetic Resonance imaging (MRI) are readily available in the market, based on field strength, based upon application etc. On the basis of field strength, this high field Magnetic Resonance Imaging (MRI) gives cleared images as compared with remaining MRI’s. On the basis of MRI architecture, the MRI systems market is widely segmented into closed MRI systems and open type MRI systems. The closed MRI systems segment is anticipated to hold for the largest share of the global MRI systems market in year 2016.On the basis its of applications, the MRI systems market is again classified into spine & musculoskeletal MRI, brain & neurological MRI, vascular MRI, pelvic & abdominal MRI, breast MRI, and major cardiac MRI out of which, brain & neurological MRI holds the major share tailed by spine & musculoskeletal MRI.
Geographically, the report has been categorized into, North America, Europe, Asia Pacific and rest of the world. Out of whichNorth America region is expected to have the largest share in the MRI systems market, followed by developing region Asia. Moreover, Asia is expected to be the fastest-growing region due to factors such as snowballing disposable incomes and growing aging population. Europe region, on the other hand, is an established market for MRI systems as similar to that of the U.S. moreover, due to the Eurozone debt crisis, this region is predictable to register slow growth.
Some of the top players that are involved in the MRI systems market are GE Healthcare, Hitachi Medical Corporation, Philips Healthcare (Netherlands), Siemens Healthcare, and Toshiba Medical Systems (Japan). Merger acquisition are the key strategies that are being widely used in this market. One such example is in 2015 Cerner completed its acquisition of Siemens healthcare.
Please note: The delivery time for the electronic version of this report is between 1-3 business days to allow the preparation of an updated version prior to dispatch.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook