Published on : Dec 04, 2017
Albany, New York, December 4, 2017: A new research report by Market Research Hub gives a brief on the overview of global MRI market. The report titled ‘Magnetic Resonance Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022’ consists of market size, Y-o-Y growth and CAGR of the magnetic resonance imaging market during the projected period of 2017-2022. The report majorly covers different sections on market definition, market dynamics including the key drivers, restraints and trends that are governing the market. The dynamics are based on different micro and macro-economic factors prevailing in the industry during the forecast period.
According to the research forecast, the market is expected to hold a share of over US$ 6,600 Mn in 2017, growing at a robust 6.6% CAGR during the forecast period and reaching a valuation of around US$ 9,100 Mn till the end of 2022.
Dynamic of Global Market for Magnetic Resonance Imaging
There are a lot of factors that are influencing the growth of MRI market. The market growth is encouraged with the rising demand for MRI modality which is helped by increasing use of non-invasive diagnostic techniques to identify various diseases. Another factor that is helping the growth of market is the growing demand for MRI.
However the market growth can be hampered with the decreasing availability of helium gas, which is used in MRI machines to cool down the semi-conductor magnets. But its impact on the market is likely to diminish as many cryogen are coming up as substitutes for the helium gas.
Segmentation of Global Market for Magnetic Resonance Imaging
To simplify the study and understanding of MRI market, the research program has bifurcated the market into various segments. The segmentation is based on various parameters like product type, end user, application, strength and region.
The segmentation on the basis of product type, includes segments like below 0.5T MRI, 3T MRI, 1.5 T MRI. Among these, 1.5 T segment is expected to hold the maximum share in the market. On the basis of end user, segments are diagnostic imaging centers, ambulatory surgical centers and hospitals. In terms of application, segments are prostate, orthopedic, abdominal, spine, head & neck, neurology and cardiovascular. Based on strength, segments includehigh-field MRI, low-field MRI and mid-field MRI.
A major part of the report includes the regional segmentation and its analysis. The regional segments are Latin America, North America, MEA, Europe, Japan and APEJ. North America is projected to rule the market with maximum market share during the forecast period.
Competitive Landscape of Global Market for Magnetic Resonance Imaging
This research report is intended to help the businesses operating in the market to compete with each other efficiently. Thus, it provides brief profiles of the key players in the industry. Some of the key players included in the report are Xingaoyi, Siemens Healthineers, Neusoft Corporation, Koninklijke Philips N.V., Hitachi Medical Systems, Toshiba Medical Systems Corporation, Esaote SpA, GE Healthcare etc.
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