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Magnetic Resonance Imaging (MRI) Systems Market

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Magnetic resonance Imaging (MRI) is an advanced medical imaging technique employed to image the anatomy and physiological processes in the body of an individual.
Magnetic Resonance Imaging (MRI) Systems Market Global Industry Insights, Trends, Size, Share, Outlook,
and Opportunity Analysis, 2018-2026
Magnetic resonance Imaging (MRI) is an advanced medical imaging technique employed to
image the anatomy and physiological processes in the body of an individual. These images are
formed by MRI scanners using high power magnets, strong magnetic fields, radio waves and
magnetic field gradients. Magnetic resonance imaging systems does not use ionizing radiations,
it is mainly favored over computed tomography (CT) scans. MRI is also considered to be a
standard option for neuroimaging and investigating neurological cancers, as it provides better
resolution images as compared to that of CT images. It can also be used for musculoskeletal
imaging, including spinal imaging, locating soft tissue tumors, and assessment of joint diseases.
Apart from these applications, MRI can be a suitable option to examine sports injuries, vascular
abnormalities, prostrate problems, pelvic problems of females, assessment of the gastrointestinal
tract, and to investigate several conditions of nose, throat and ear. Patients with preexisting
implants cannot be scanned with MRI.
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The lethal rates caused due to chronic diseases could be lowered with improvised diagnostic
techniques leaving a scope for growth in global magnetic resonance imaging systems market
According to The National Health Council (NHC) of United States, around 133 million cases of
chronic diseases were reported in the country in 2014, which accounts to 40% of the total
population of the country. Moreover, NHC suggests that around 75% of the total healthcare
costs are the results of chronic diseases suggesting these population to be graving for proper
diagnostic and imaging requirements, which could be fulfilled by MRI systems. According to
Center for Disease Control (CDC), 2016, around 610,000 deaths are reported in the U.S.
annually due to cardiac arrest and other cardiovascular diseases. This rate could be lowered if
proper diagnostic and imaging technologies are available in the market leading to opportunities
for advancement in the MRI systems market.
Asia Pacific exhibiting fast growth and technological development in global MRI systems market
The global MRI systems market can be segmented on the basis of type, field strength,
application and regions.
On the basis of type the global MRI systems market can be segmented as1. Closed MRI systems
2. Open MRI systems
On the basis of field strength, the global MRI systems market can be segmented as1.
2.
3.
4.
Low-to-mid-field-MRI
High-field MRI
Very high-field MRI
Ultra- high-field MRI
Based on application, the global MRI systems market can be segmented as1.
2.
3.
4.
5.
6.
Spine and musculoskeletal MRI
Brain and neurological MRI
Vascular MRI
Pelvic and Abdominal MRI
Breast MRI
Cardiac MRI
On the basis of regional segmentation, the global MRI systems market can be segmented into
North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is
expected to hold the major share in the global MRI systems market. According to Organisation
for Economic Co-operation and Development (OECD), 110 per 1000 inhabitants in the U.S. have
undergone MRI examination in 2014, suggesting intense use of MRI systems for diagnostic
purpose in this geographical region. Asia Pacific is expected to exhibit fast growing
development in MRI systems industry due rise in geriatric population. According to the Asian
Development Bank, the geriatric population is projected to reach approximately 923 million by
the end of 2020. Europe has registered slow growth in the global MRI systems market owing to
Eurozone debt crisis.
Report includes chapters which deeply display the following deliverable about industry :
• Magnetic Resonance Imaging (MRI) Systems Market Research Objective and Assumption
• Magnetic Resonance Imaging (MRI) Systems Market Purview - Report Description, Executive
Summary, and Coherent Opportunity Map (COM)
• Magnetic Resonance Imaging (MRI) Systems Market Dynamics, Regulations, and Trends
Analysis - Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New
system Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Magnetic Resonance Imaging (MRI) Systems Market, By Regions
• Magnetic Resonance Imaging (MRI) Systems Market Competition by Manufacturers including
Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and
Product Type.
• Magnetic Resonance Imaging (MRI) Systems Market Manufacturers Profiles/Analysis including
Company Basic Information, Manufacturing Base and Its Competitors.
• Magnetic Resonance Imaging (MRI) Systems Market Manufacturing Cost Analysis including Key
Raw Materials and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Magnetic Resonance Imaging (MRI) Systems Market Forecast including Production,
Consumption, Import and Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
China and India significantly contributing to global MRI systems market due to developing
healthcare facilities
The global MRI systems market is found to show significant growth rate due to prevalence of
chronic diseases like cancer, respiratory diseases and rheumatoid arthritis. The division of public
health reports 178 per 100,000 deaths due to cancer and 156 per 100,000 deaths due to chronic
obstructive pulmonary disease (COPD) according to chronic diseases data brief, 2016. Several
other factors driving the global MRI systems market constitutes of rise in geriatric population,
increase in incidence rates of sport and other injuries, growing awareness among people
regarding early detection of diseases and developing healthcare facilities and infrastructure in
countries such as China and India. However, the stringent regulations for MRI systems approval,
high set up and maintenance cost and lack of helium gas deposits could restrict the growth of
the global MRI systems market.
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The key players operating the global MRI systems market includes Seimens AG, Koninklijke
Philips N.V., Aurora Imaging Technologies Inc., General Electric Company, Hitachi Ltd., Esaote
SpA and Toshiba Corporation. These companies are dominating the global MRI systems market
due to adopting policies like merger and acquisition, partnership and high investments in R&D.
About Coherent Market Insights
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