SAN FRANCISCO, February 21, 2017 /PRNewswire/ --
The global magnetic resonance imaging (MRI) market isexpected 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
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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.
Browse full research report with TOC on "Magnetic Resonance Imaging (MRI) Market Analysis By Architecture (Open And Closed), By Field Strength (Low, Medium, High), By Application (Brain & Neurological, Spine & Musculoskeletal, Vascular, Abdominal & Pelvic, Cardiac, Breast), And Segment Forecasts, 2014 - 2025" at: http://www.grandviewresearch.com/industry-analysis/magnetic-resonance-imaging-market
Further key findings from the report suggest:
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Grand View Research has segmented the magnetic resonance imaging market by architecture, field strength, application and region:
Read Our Blog: Magnetic resonance imaging market: driven by increasing technological advancements in imaging systems
About Grand View Research
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