The global Magnetic Resonance Imaging (MRI) Market Size research report offers the definition, market shares, drivers, restraints, opportunities, and challenges in an voluminous format. On the basis of Type, the market is further categorized into based on the regions, the market is distributed into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. This markets competitive manufactures and the upcoming manufactures are studied with their research. Revenue, production, price, market share of these players is mentioned with detailed information.
Magnetic Resonance Imaging
(MRI) Market study offers an exhaustive summary of the vendor landscape,
competitive analysis, and key strategies to gain ruthless advantage. Magnetic
Resonance Imaging (MRI) Market Forecast provides sizing and growth
opportunities. It provides comprehensive insights on the latest industry
trends, forecast, and growth drivers in the market. it also includes a detailed
analysis of growth drivers, challenges, and investment opportunities and
delivers a complete overview of segments and the regional outlook of the
market.
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Industry Insights
The global magnetic
resonance imaging (MRI) market was valued at USD 3.2 billion in 2015. The
systems are used mainly for the detection of central nervous system (CNS)
related diseases such as tumors, spine lesions, stroke influenced area in brain
and blood vessels. The main driving factor for this market is increasing
elderly population and high incidences of CNS diseases. The high rates of
chronic diseases due to the increased geriatric population and demand for the
minimally invasive or non-invasive diagnostic procedures fuel the market
growth.
The technology advancement
in various screening techniques namely open systems, software up gradation and
superconducting magnets supports the market growth. The combination of MRI and
pacemaker is a new technology development open the new door for MRI market due
to its duel advantage and application. The higher adoption in the technology is
due to the its sharp and precise images in short period of 20 minutes time
because of its paramagnetic contrast agent and gadolinium-DTPA use as an
intravenous injection.
The high cost of devices
and maintenance as well as servicing cost are hinders the market growth. The
helium gas usage in machine cooling increases the total operation time and
shrinks the productivity. The product approval from FDA and other regulatory
authorities are one of the biggest challenge for the market.
Application Insights
The MRI technique dominates
the medical diagnosis market due to its various biomedical applications. The
MRI is used for the scanning of various body parts such as abdomen, pelvis,
brain, spine, heart, breast and musculoskeletal structure due to its anatomical
and physiological scanning competence.
The other alternative
failed to give accurate and precise imaging results for the neural and brain
disorders that boosts the market growth for MRI market. The lack of other
alternatives are the prime market driver for MRI and encourage the market
growth during the forecast period. The MRI market is not so suitable for the
breast and cardiac imaging due to the other strong preferable techniques such
as of X-ray and other fist line imaging techniques.
Regional Insights
North America dominated the
market with the largest revenue share in 2015. The North America is the
dominate market for the MRI techniques due to technology advancement as well as
easy availability of instrument in this region. The government policies on
healthcare, the reimbursement by the private and government insurances,
awareness for the diseases and early detection heighten the market growth in
North America.
Asia Pacific is the most
potential market for the MRI due to its increasing elderly population and high
incidences of chronic diseases. The China, Japan and India is the growing
economies of Asia and its medical tourism industry is growing at a high rate
this leads to the MRI market in progressive direction. The cheap medical
treatment costs, technology advancement, good facilities and healthcare system
causes the new market opportunity for MRI in this region.
Table of Contents:-
Chapter
1 Methodology and Scope
Chapter
2 Executive Summary
Chapter
3 Magnetic Resonance Imaging (MRI): Market Variables, Trends & Scope
Chapter
4 Magnetic Resonance Imaging (MRI): Product Estimates & Trend Analysis
Chapter
5 Magnetic Resonance Imaging (MRI): Application Estimates & Trend Analysis
Chapter
6 Magnetic Resonance Imaging (MRI): End-use Estimates & Trend Analysis
Chapter
7 Magnetic Resonance Imaging (MRI): Industrial End-use Estimates & Trend
Analysis
Chapter
8 Magnetic Resonance Imaging (MRI): Regional Estimates & Trend Analysis
Chapter
9 Competitive Landscape
Chapter
10 Magnetic Resonance Imaging (MRI): Manufacturers Company Profiles
Top Key Players of Magnetic
Resonance Imaging (MRI) Market:
Siemens AG; Koninklijke
Philips N.V.; GE Healthcare; Hitachi Medical Systems, Toshiba Corporation;
Aurora Imaging Technologies, Inc.; Esaote SpA; Sanrad Medical Systems Pvt. Ltd
Inc.
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