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Advances in Magnetic Resonance Imaging (MRI) Market Deep Research Study with Forecast by 2025

Press Release   •   Feb 20, 2017 17:14 IST

Advances in Global Magnetic Resonance Imaging Market: Introduction

Magnetic resonance imaging (MRI) uses magnetism, radio waves, and a computer device to develop images of internal body organs and structures. MRI scans offers wide-ranging variety of applications in disease diagnosis. These consists of neuroscans, cardiac, liver scans and others. Closed MR imaging systems has the highest share in the MRI market because of high clinical value offered by the systems. MR imaging is one of the most preferred diagnostic imaging method used for the central nervous system in particular imaging blood vessels, detecting brain tumors, stroke affected areas of brain and spine lesions.

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The research report offers a highly detailed and diversified description of the global MRI market and the advancements that have been made in it recently. It encapsulates the priority of each key advancement and pegs it against the global healthcare industry and the advantages that it can gain through them. The report breaks down the competitive landscape of the global MRI market as well, using proven industry analytical tools including Porter’s Five Force analysis and a SWOT analysis, to help each user formulate successful investment and expansion strategies within the market.

Advances in Global Magnetic Resonance Imaging Market: Top Drivers and Trends

The key driver for the global MRI market currently is the increase in healthcare expenditure that is being funneled into research and development activities. Additionally, physicians are shown to hold a greater favoring towards modern MRI systems over traditional medical imaging modalities, further improving the chances of research and development activities in the global MRI market. Private hospitals are expected to lead the demand for MRI devices, and the adoption rate of MRIs is likely to grow because of the growing occurrences of cardiac diseases, neurological, and oncological cases.

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The challenge faced by the global MRI market is the probable rise in the prices of hospital-grade helium. Liquid helium is used for lowering the temperature of superconducting magnets in MR imaging systems. Severe shortage of liquid helium is expected to limit the market growth as it will affect the rate of production for OEMs in it.

MRI technology has attained a push towards greater evolution rates because of a deep interest shown by manufacturers and technology developers. These developers and manufacturers wish to make it more patient-friendly in light of the improving standards of patient satisfaction and positive recordkeeping. North America has the leading share in the global MRI market, followed by Europe. Both regions owe their advantage in the global MRI market to a faster rate of technological developments aimed at enhancing diagnostics for the swiftly growing aging population. Asia Pacific, on the other hand, is expected to grow at a leading CAGR over next few years, owing to increasing demand.

Advances in Global Magnetic Resonance Imaging Market: Segmentations

The global MRI market is segmented on the basis of architecture, technology, field strength, and applications. The architecture of MRI machines include closed and open systems. Technologies can be segmented into MR, algorithm MR, venogram Functional MRIMR, Spectroscopy, and fusion MR. Field strength segmentations include low, mid, and high field strength systems. Applications include neurological disorder, interventional MRI systems, whole body MRI systems, MRI for brain, breast MRI systems, cardiac MRI systems, and MRI systems for minotiry applications such as those meant for chest, neck, and upper and lower extremities.

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Advances in Global Magnetic Resonance Imaging Market: Companies Mentioned in the Report

Key players in the global MRI market so far, have included Agilent Technologies Inc., Advanced Imaging Research Inc., Bayer Healthcare Pharmaceuticals, Bruker Biospin GmbH, Esaote S.p.A, and Hitachi Medical Corporation.

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