Magnetic Resonance Imaging Device Market to Witness a 3.5% CAGR During the Forecasted Period 2017-2023

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Magnetic Resonance Imaging Device Market to
Witness a 3.5 CAGR During the Forecasted Period
2017-2023
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Magnetic Resonance Imaging (MRI) Systems Market
Magnetic resonance imaging (MRI) technique uses a
combination of strong magnetic fields and radio
waves to derive a detailed image of organs and
tissues of a body. The non-invasive magnetic
resonance imaging technique, unlike
radiation-based imaging, does not expose patients
to any radiation-related adverse effects.
Thereby, leading to an increase in number of
patients opting for MRI over other medical
imaging techniques like CT scan. These factors
are anticipated to impel the magnetic resonance
imaging market growth. Increase in number of
patients with cardiovascular, neurological and
ophthalmic disorders in geriatric population is
spiking the need for diagnostic attention which
is expected to be another factor propelling the
market growth. Moreover, these instances are
creating great scope for market key players to
invest in research and development activities
like drug discovery processes and preclinical
research, to investigate possible contributions
of MRI technique. This is likely to cast a
positive impact on the magnetic resonance imaging
market. Request For Free Sample Report
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Magnetic Resonance Imaging (MRI) Systems Market
Regional Analysis MRFR predicts the
possibility of North America to maintain its
hegemony in the magnetic resonance imaging
market. MRI technique aids in accurate diagnosis
and provides detailed images of soft tissues and
vascular system. Increasing prevalence of
complicated disorders that require such an
accurate diagnosis is likely to drive the
regional market growth. Availability of advanced
medical infrastructure and professional operators
are the main factors likely to prompt the
magnetic resonance imaging market in Europe.
Followed by North America, the European market
is anticipated to grow at a rapid pace.
Capability of the European citizens to afford
modern medical expenses can also trigger the
regional market growth. Asia Pacific is likely to
grow with the highest CAGR in the forthcoming
years owing to multiple market drivers in the
region.
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Magnetic Resonance Imaging (MRI) Systems Market
Segmentation MRFR conducted a study on the
global magnetic resonance imaging market in
segments for a vivid understanding of the market.
The MRI market study is segmented by type, field
strength, disease application, and end
user. Based on type, the market is segmented into
open MRI, closed MRI, standard bore MRI, and
wide-bore MRI. Based on field strength, the
market is segmented into high-field MRI systems,
1.5t MRI systems, 3t MRI systems,
low-to-mid-field MRI systems, very-high-field MRI
systems, and others. Based on disease
application, the market is segmented into the
spine and musculoskeletal MRI, brain and
neurological MRI, pelvic and abdominal MRI,
breast MRI, cardiovascular MRI, and others.
Based on end user, the market is segmented into
diagnostic imaging centers, hospitals and
clinics, research laboratories, and
pharmaceutical and biotechnology companies.
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