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Global Magnetic Resonance Imaging System Market Forecast to 2018 by Type and Services

Press Release   •   Sep 11, 2014 09:45 EDT

Analysis and discussion about magnetic resonance imaging system market (MRI), its forecasts and more is now available in the global research report “Advances in Magnetic Resonance Imaging (MRI) System Market (2013-2018) - Technology Trend Analysis – By Architecture, Field Strengths, Technology & Applications in Medical Diagnostics with Market Landscape Analysis – Estimates up to 2018”. This report is of 216 pages and can be ordered at ReportsnReports.com.

The current magnetic resonance imaging market is producing over 2,000 units per year. The global market for these systems values $4.13 billion, as of the first quarter of 2013, and is expected to grow at a CAGR of 4.56% reaching approximately around $5.24 billion by 2018. As of March 2013, North America dominates the market with nearly 40% share, followed by Europe due to technological developments for effective diagnostics and rapidly aging population. However, Asia is slated to grow at a high CAGR of 5.2% over the analysis period. Improved spending capability and physicians inclination towards MR imaging over other conventional medical imaging modalities is fuelling demand for MRI across this region. Asia holds enormous growth potential, particularly from countries with large population base such as China and India. The demand is anticipated primarily from private hospitals compared to public hospitals. The adoption of MR imaging equipment market is also likely to grow owing to the rising incidences of cardiac diseases, neurological and oncological cases in the region.

Magnetic resonance imaging (MRI) is a medical imaging technique that makes use of magnetism, radio waves, and a computer to produce images of body structures. MRI scans have a wide variety of applications in disease diagnosis ranging from neuroscans, cardiac to liver scans. Closed MR imaging systems command the market due to the high clinical value delivered by the systems.

MR imaging has become the preferred diagnostic imaging method for imaging the central nervous system, particularly for detecting brain tumors, spine lesions, imaging blood vessels, and stroke affected areas of brain. This technology has gained impetus from the keen interest shown in it by technology developers and manufacturers that wish to make it more patient friendly.

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Liquid helium, which has an extremely low boiling point of minus 452.07˚F, is used for cooling the superconducting magnets of MR systems. A severe shortage in the availability of helium across the globe would affect significantly for MR OEMs. The prices for hospital-grade helium are anticipated to rise from 2013, leading to higher health-care costs or, in the worst scenario, the need for an alternative technique for cooling MRI machines.

Moreover, changing healthcare reforms from early 2013 in the U.S. also resulted in 20-25% reimbursement cuts for MRI, affecting the global clinical OEMS, physicians and healthcare payers. Nevertheless, once market barriers of tight R&D budgets, high costs of MRI scans and alternate cooling systems are resolved, the industry is expected to grow considerably. With technology developers exploring many new applications, especially those involving cardiac and breast imaging, it was inevitable that magnetic resonance imaging would evolve into a highly sophisticated medical imaging tool.

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List of Table 

Table - 1 Global MRI Systems Market, By Geography, 2010 – 2018 ($Million)  68
Table - 2 Global MRI Systems Market, By Architecture, 2010 – 2018 (No. of Installations)  68
Table - 3 Global MRI Systems Market, By Architecture, 2010 – 2018 ($Million)  76
Table - 4 Closed MRI Systems Market, By Geography, 2010 – 2018 ($Million)  77
Table - 5 Open MRI Systems Market, By Geography, 2010 – 2018 ($Million)  79
Table - 6 Field Strength of Various MRI System  81
Table - 7 Global MRI Systems Market, By Field Strength, 2010 – 2018 ($Million)  82
Table - 8 Low To Mid-Field MRI Systems Market, By Geography, 2010 – 2018 ($Million)  83
Table - 9 High-Field MRI Systems Market, By Geography, 2010 – 2018 ($Million)  84
Table - 10 Very High-Field MRI Systems Market, By Geography, 2010 – 2018 ($Million)  85
Table - 11 Global MRI Systems Market, By Technology, 2010 – 2018 ($Million)  86
Table - 12 Mr Angiogram Market, By Geography, 2010 – 2018 ($Million)  87
Table - 13 Mr Venogram Systems Market, By Geography, 2010 – 2018 ($Million)  88
Table - 14 Functional MRI Systems Market, By Geography, 2010 – 2018 ($Million)  89
Table - 15 Mr Spectroscopy Systems Market, By Geography, 2010 – 2018 ($Million)  90
Table - 16 Other MRI Systems Market, By Geography, 2010 – 2018 ($Million)  91
Table - 17 Global MRI Systems Market, By Application, 2010 – 2018 ($Million)  93
Table - 18 MRI Systems For Brain & Neurology Marke, By Geography, 2010 – 2018 ($Million)  94
Table - 19 MRI Systems For Spine Market, By Geography, 2010 – 2018 ($Million)  95
Table - 20 MRI System For Extremity Market, By Geography, 2010 – 2018 ($Million)  96
Table - 21 MRI Systems Vascular Market, By Geography, 2010 – 2018 ($Million)  97
Table - 22 MRI Systems For Pelvic and Abdominal Market, By Geography, 2010 – 2018 ($Million)  98
Table - 23 Breast MRI Systems Market, By Geography, 2010 – 2018 ($Million)  99
Table - 24 Cardiac MRI Systems Market, By Geography, 2010 – 2018 ($Million)  100
Table - 25 Other MRI Systems Applications Market, By Geography, 2010 – 2018 ($Million)  101
Table - 26 North America MRI Market, By Country, 2010 – 2018 ($Million)  105
Table - 27 Europe MRI Market, By Country, 2010 – 2018 ($Million)  107
Table - 28 Asia MRI Market, By Country, 2010 – 2018 ($Million)  109
Table - 29 Row MRI Market, By Country, 2010 – 2018 ($Million)  112

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