The
research report “Magnetic Resonance Imaging (MRI) Systems Market
Size By Architecture (Open, Closed), By Field Strength [High to Ultra-high
(>1.5T), Low to Medium (<1.5T)], By End-use (Hospitals, Others), Industry
Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy,
Spain, Russia, Poland, Finland, Netherland, Austria, China, India, Japan, New
Zealand, Australia, Brazil, Mexico, South Africa, Turkey, Saudi Arabia),
Application Potential, Price Trends, Competitive Market Share & Forecast,
2017 - 2024” by Global Market Insights, Inc. says, Magnetic Resonance
Imaging (MRI) Systems Market size is set to exceed USD 8.5 billion by 2024.
Increasing
geriatric population will drive market growth over the forecast years. Ageing
increases the risk of acquiring degenerative disc disease owing to several
bodily changes such as development of tiny cracks in the spinal discs and loss
of spinal fluid. Increasing chronic disease prevalence along with growing
awareness pertaining to early disease diagnosis serve as high impact rendering
factors.
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Technological
advancements in scanners will increase adoption rate. Several advancements have
taken place in the recent past, especially with respect to software which have
simplified imaging workflow and reduced scan time. For instance, in September
2016, GE Healthcare launched a multi-contrast resonance technique called MAGiC
for providing clinicians with more data in a fraction of the time as compared
to conventional scanning technology.
However,
lack of skilled technicians and radiographers required for operating and
maintaining the machines impedes industry expansion. These skilled
professionals also perform the crucial role of interpreting doctor’s
instructions, explaining the procedure to patients and selecting appropriate
imaging parameters and software options for obtaining proper scans.
High
costs associated with the machines further restrains adoption. Apart from high
machine purchase costs, additional expenditures are incurred on establishing an
MRI suite, patient support areas, machine installation and servicing.
Browse key
industry insights spread across 120 pages with 191 market data tables & 12
figures & charts from this 2017 report Magnetic
Resonance Imaging (MRI) Systems Market in detail along with the table of
contents at:
Closed
MRI machines dominated the magnetic resonance imaging systems market in 2016.
Closed magnet configuration consists of a tube-like tunnel in which the patient
is made to lie for conducting the scan. Advantages of this configuration such
as faster scan times and ability to achieve greater image resolution will drive
segment growth. However, inability of the equipment to accommodate large size
patients and feeling of claustrophobia owing to the compact nature of the
equipment hampers adoption. Wide bore scanners are being developed to overcome
such problems.
Low
to medium MRI scanners market is poised to witness significant growth over the
forecast years. Benefits such as open design, comparatively lower purchase and
operational costs, lower fringe field and energy deposition in tissues should boost
adoption rates.
Hospitals
as end users held the largest market share. Increasing number of hospitals
owing to development of healthcare infrastructure will further fuel segment
expansion.
Germany
magnetic resonance imaging systems market held significant industry share.
Increasing proportion of elderly population coupled with growing occurrence of
chronic disease should drive industry growth. Increasing number of road
accidents will further augment demand as doctors generally advise MRI test in
accident cases for proper detection and diagnosis of personal injuries.
Prominent
industry participants include GE Healthcare, Siemens, Koninklijke Philips N.V.,
Hitachi and Toshiba. The industry players make use of various strategies such
as collaborations, partnerships and new product launch for strengthening their
industry foothold. For instance, in January 2017, Toshiba launched Vantage
Galan 3T MRI system.
Browse Related Reports:
Holographic Imaging Market Size By
Product (Holographic Display, Holography Software, Holography Microscopes,
Holographic Prints), By Application (Medical Imaging, Medical Education,
Biomedical Research), By End-Use (Pharmaceutical & Biotechnology Companies,
Research Organizations, Academic Medical Centers, Hospitals & Clinics),
Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France,
Italy, Spain, China, India, Japan, Australia, Brazil, Mexico, South Africa),
Application Potential, Price Trends, Competitive Market Share & Forecast,
2017 – 2024
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