Magnetic Resonance Imaging (MRI) Systems Market to Hit 5.1% CAGR to 2021 Led by Closed MRI
PUNE, India, July 4, 2016 /PRNewswire/ --
The global MRI systems market is projected grow steadily driven by factors such as increasing awareness about early diagnosis and technological advancements with closed MRI systems segment expected to account for the largest share of the global MRI systems market.
Complete report on global MRI systems market across 183 pages, profiling 10 companies and supported with 197 tables and 54 figures is now available at http://www.lifescienceindustryresearch.com/magnetic-resonance-imaging-mri-systems-market-by-architecture-open-mri-closed-mri-field-strength-low-to-mid-field-high-field-very-high-field-ultra-high-field-application-brain-spine-ca.html .
In this report, the global MRI systems market is segmented on the basis of architecture, field strength, application, and region. By architecture, the market is categorized into closed MRI systems and open MRI systems. The MRI systems field strength market is divided into low-to-mid-field MRI (below 1.5T), high-field MRI (1.5T-3T), very-high-field MRI (4T-6T), and ultra-high-field MRI (7T and above). Very-high-field MRI is the fastest-growing field strength, while high-field MRI forms the largest field strength segment.
The rising geriatric population; advancements in MRI techniques such as the development of superconducting (SC) magnets, open architecture, ultra-high-field MRI, and software applications; and the advent of MRI-compatible pacemakers are expected to drive the demand for MRI systems among end users in the forecast period. On the other hand, high cost of MRI systems, depleting helium gas deposits, and declining reimbursement rates for MRI procedures are expected to affect the growth of the MRI systems market from 2016 to 2021.
On the basis of field strength, the MRI systems market is categorized into low-to-mid-field MRI, high-field MRI, very-high-field MRI, and ultra-high-field MRI. High-field emerged as the most widely adopted field strength in the MRI systems market in 2016. This can be attributed to the growing number of replacements and increasing adoption of advanced products.
Based on application, the MRI systems market is broadly classified into spine & musculoskeletal MRI, brain & neurological MRI, vascular MRI, pelvic & abdominal MRI, breast MRI, and cardiac MRI. Spine & musculoskeletal MRI is the fastest-growing segment. The high growth rate of this market can be attributed to the increasing aging population and rising awareness about early diagnosis.
The key players operating in the MRI systems market are GE Healthcare (U.K.), Hitachi Medical Corporation (Japan), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), and Toshiba Medical Systems (Japan). Order a copy of Magnetic Resonance Imaging (MRI) Systems Market by Architecture (Open MRI, Closed MRI), Field Strength (Low-To-Mid Field (<1.5t), High Field (1.5t-3t), Very High Field (4t-6t)) & Application (Brain, Cardiac, Pelvic, Breast, Musculoskeletal) - Global Forecast to 2021 research report at http://www.lifescienceindustryresearch.com/purchase?rname=35652.
Asian countries such as the China and India are lucrative markets for MRI systems, owing to increasing spending power, growing healthcare awareness, improving healthcare infrastructure, growing medical tourism, increasing number of hospitals, and favorable government initiatives.
On a related note, another research on Diagnostic Imaging Market Global Forecast to 2020 says, the global diagnostic imaging market is estimated to grow at a CAGR of 6.2% from 2015 to 2020. North America and Europe hold larger shares and the Asia-Pacific region is expected to grow at the highest CAGR of 7.2%. The X-ray imaging system is expected to hold the largest share of the global diagnostic imaging market in the forecast period. Companies like GE Health, Siemens Healthcare GmBH, Koninklijke Philips N.V, Toshiba Medical Systems Corporation and Hitachi Medical Corporation have been profiled in this 208 pages research report available at http://www.lifescienceindustryresearch.com/diagnostic-imaging-market-by-x-ray-systems-digital-analog-portable-computed-tomography-ultrasound-imaging-systems-2d-3d-4d-doppler-mri-machines-closed-open-and-nuclear-imaging-systems.html .
Explore more reports on the Medical Devices market at http://www.lifescienceindustryresearch.com/category/medical-devices .
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