The global Magnetic Resonance Imaging systems market is poised to reach $6,802.7 million by 2020 from $5,093.0 million in 2014, at a CAGR of 5.0% from 2015 to 2020. Rising Aging Population, Technological Advancements, and Increasing Awareness Regarding Early Diagnosis to Drive Growth of the MRI Systems Market Developing Asian countries such as China and India are lucrative markets for MRI systems owing to the growing aging population and rising awareness about early diagnosis in these countries.
The report segments the global magnetic resonance imaging systems market by architecture, field strength, application, and region.High-field MRI (1.5T) accounted for the largest share of the global MRI systems market. However, the very-high-field MRI (3T) segment is expected to grow at the highest CAGR in the forecast period owing to the ongoing technological advancements in this segment.
Factors such as rising aging population and technological advancement such as superconducting (SC) magnets, open architecture, high-field MRI, and software applications are the major drivers of this market. However, high cost of MRI systems, declining reimbursement rates for MRI procedures, and shortage of helium gas deposits are hindering the growth of this market.
Browse 192 market data tables & 56 figures spread through 250 pages and in-depth TOC on “Magnetic Resonance Imaging Systems Market" at http://www.reportsnreports.com/reports/345200-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-cardiac-breast-abdominal-global-forecast-to-2020.html .
On the basis of applications, the magnetic resonance imaging systems market is categorized into spine and musculoskeletal MRI, brain and neurology MRI, vascular MRI,pelvic and abdominal MRI, breast MRI, and cardiac MRI. Brain and neurology MRI is the fastest-growing segment of the market owing to the rising aging population and rising awareness about early diagnosis.
New and innovative product launches was the dominant strategy adopted by key industry participants to increase their market shares and to cater to the unmet needs. From an insight perspective, this research report focuses on qualitative data, market size, and growth of various segments and sub segments, competitive landscape, and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and threats), winning imperatives, and burning issues. The magnetic resonance imaging system market report also offers market sizes and data on the growth of various segments in the industry.
It focuses on emerging and high-growth segments, high-growth regions, and government initiatives.The competitive landscape covers the growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on key players in the MRI systems market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future.
Major players operating in the magnetic resonance imaging systems market are GE Healthcare (U.K.), Hitachi Medical Corporation (Japan), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), and Toshiba Medical Systems (Japan).
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