Magnetic Resonance Imaging (MRI) Systems Market to grow at 7% CAGR from 2017 to 2024

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Magnetic Resonance Imaging (MRI) Systems Market
share to hit 8.5 bn by 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Magnetic Resonance Imaging
(MRI) Systems Market

• Global Market Insights, Inc. says, Magnetic
  Resonance Imaging (MRI) Systems Market size is
  set to exceed USD 8.5 billion by 2024.
• Increasing geriatric population will drive market
  growth over the forecast years. Ageing increases
  the risk of acquiring degenerative disc disease
  owing to several bodily changes such as
  development of tiny cracks in the spinal discs
  and loss of spinal fluid.
• Increasing chronic disease prevalence along with
  growing awareness pertaining to early disease
  diagnosis serve as high impact rendering factors.
• Several advancements have taken place in the
  recent past, especially with respect to software
  which have simplified imaging workflow and
  reduced scan time.
• However, lack of skilled technicians and
  radiographers required for operating and
  maintaining the machines impedes industry
  expansion.
• Apart from high machine purchase costs,
  additional expenditures are incurred on
  establishing an MRI suite, patient support areas,
  machine installation and servicing.

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Continued...

• Closed MRI machines dominated the magnetic
  resonance imaging systems market in 2016. Closed
  magnet configuration consists of a tube-like
  tunnel in which the patient is made to lie for
  conducting the scan.
• Low to medium MRI scanners market is poised to
  witness significant growth over the forecast
  years. Benefits such as open design,
  comparatively lower purchase and operational
  costs, lower fringe field and energy deposition
  in tissues should boost adoption rates.
• Hospitals as end users held the largest market
  share. Increasing number of hospitals owing to
  development of healthcare infrastructure will
  further fuel segment expansion.
• Germany magnetic resonance imaging systems market
  held significant industry share. Increasing
  proportion of elderly population coupled with
  growing occurrence of chronic disease should
  drive industry growth.
• Prominent industry participants include GE
  Healthcare, Siemens, Koninklijke Philips N.V.,
  Hitachi and Toshiba.

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U.S. Magnetic Resonance Imaging (MRI) Systems
Market size, By Field Strength, 2013-2024 (USD
Million)

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Resonance Imaging (MRI) Systems Market _at_
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