Magnetic Resonance Imaging Market Will Witness Growth Based On Growing Prevalence Of Chronic Diseases Till 2025:Grand View Research,inc.
The global magnetic resonance imaging (MRI) market is
expected to reach an approximate value of USD 5.6 billion by 2025. Constant
introduction of advanced disease diagnostic technologies is primarily boosting
the growth. In addition, the rapid growth of MRI sector is attributed to the
growing prevalence of chronic diseases which require early diagnosis and timely
treatment to prevent late stage complications. Also, rising number of road
accidents leading to injuries and complications are augmenting the demand for
this modality. The musculoskeletal and spine injuries also demand for magnetic
resonance imaging systems for better scans using high-resolution scanning
technique.
On the other hand, high cost of
these products, and requirement of qualified professional to operate the device
are some of the major factors challenging the growth of the market. Moreover,
prolonged life span of these devices is resulting in delayed repeat purchase
and thereby hindering the market growth.
Furthermore, players are adopting
various strategies such as merges and acquisitions, and collaborations to
remain competent in the space. For instance, Aurora Imaging Technology signed a
distribution agreement with Sumec Group Corporation. Under the terms of
agreement, Sumec Corporation is distributing Aurora Imaging Technology’s MRI
system in China. The agreement provided a platform for both the companies to
expand their diagnostics and screening market for breast scans using Aurora MRI
system in China.
Browse full research report on Magnetic Resonance Imaging
Market: http://www.grandviewresearch.com/industry-analysis/magnetic-resonance-imaging-market
Further Key Findings from the Study Suggest:
- Adoption of advanced imaging technologies is
augmenting the growth of MRI market
- The closed system segment accounted for the largest
share in 2015. Whereas open system is anticipated to be the fastest
growing segment during the forecast period.
- MRI for neural and brain disorders dominated the
market since no alternate scanning tool is available
- In 2015, North America dominated the global space
with the largest revenue share owing to continuous research and high
adoption of advanced techniques
- Asia Pacific is anticipated to show the fastest
growth rate during the forecast period from 2016 to 2025
- Rapidly growing medical tourism industry coupled with
growing disposable income of India, and China are some of the factors that
are expected to drive the market growth
- Major players competing in the industry include but
are not limited to Siemens AG; Koninklijke Philips N.V.; GE Healthcare;
Hitachi Medical Systems
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the magnetic resonance
imaging market by architecture, field strength, application and region:
Magnetic Resonance Imaging Architecture Outlook (Revenue,
USD Million; 2014 - 2025)
- Closed
Systems
- Open
Systems
Magnetic Resonance Imaging Field Strength Outlook
(Revenue, USD Million; 2014 - 2025)
- Low
Field Strength
- Mid
Field Strength
- High
Field Strength
Magnetic Resonance Imaging Application Outlook (Revenue,
USD Million; 2014 - 2025)
- Brain
and neurological
- Spine
and Musculoskeletal
- Vascular
- Abdomen
- Cardiac
- Breast
- Others
Magnetic Resonance Imaging Regional Outlook (Revenue, USD
Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Latin
America
- Mexico
- Brazil
- MEA
- South
Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-magnetic-resonance-imaging-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Comments
Post a Comment