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.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/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
Read our blog on mri market: http://www.grandviewresearch.com/blog/magnetic-resonance-imaging-mri-market-size-share
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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Research
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