Magnetic Resonance Imaging (MRI) Systems Market Is Predicted to Grow Driven by Increasing R&D Activities in the Field of Neuroscience

Rapidly increasing healthcare expenditure in emerging nations is propelling the growth of the magnetic resonance imaging systems market “Magnetic Resonance Imaging (MRI) Systems Market Size, Share and Global Trend by Strength (Less than 1.5 T, 1.5 T & More than 1.5 T), Application (Musculoskeletal, Neurology, Cardiology, Body Imaging), End User (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers) and Geography Forecast till 2025.” The global magnetic resonance imaging system market is expected to reach a value of US$ 11,725.9 Mn by 2025 from US$ 7,165.6 Mn in 2017 at an exceptional CAGR of 6.4%.

Get Sample PDF Brochure

"Extensive R&D Activities to Facilitate Growth"

Expeditiously increasing healthcare reimbursement policies along with promptly developing healthcare infrastructure in developing as well as developed nations are encouraging the use of the magnetic resonance imaging machines. Recent technological advancements in magnetic resonance imaging procedures and extensive research and development in the field of neuroscience are leading to the adoption of magnetic resonance imaging machines which is then boosting the magnetic resonance imaging systems market. 

Further rising prominence in leveraging diagnostic imaging has led to the development of advanced MRI uses such as neonatal MRI, breast MRI, and others. In addition, the efficient image acquisition of MRI machines along with high spatial resolution are some of the features which are steering the growth and fueling demand for MRI scan.

"1.5T to Be the Most Preferred MRI Option"

The market on the basis of strength are segmented into less than 1.5 T, 1.5 T and more than 1.5 T. Of these, 1.5 T accounted for 70.5% of the MRI systems market share in 2017 and is predicted to grow at a high CAGR attributing to the integration of innovative algorithms in MRI machines along with reasonable costs. MRI systems on the basis of application are segmented into musculoskeletal, neurology, cardiology, body imaging. 

Musculoskeletal segment is predicted to grow at a remarkable rate in the forthcoming year owing to the established clinical efficiency of MRI machines in comprehensive bone imaging. Furthermore, neurology is also predicted to grow at a comparatively higher rate due to development in neuroscience, most conspicuously in emerging countries. Magnetic resonance imaging systems market on the basis of end-user is segmented into ambulatory surgical centers, hospitals, and diagnostic centers. 

The hospital sector in developing nations is expected to witness high growth in the forthcoming year owing to the allocation of significant funds by the government. However, the cost of MRI machines is proportionately related to the technology embedded in it. Handling costs of acquisition and maintenance of MRI machines with advanced technology for improved results is a major obstacle for the growth machine resonance imaging procedures. Therefore, this factor is restricting the growth of the global magnetic resonance imaging system market

"Rising Prevalence of Neurological Disorders in Asia Pacific to Promote Growth"

Geographically, the global magnetic resonance imaging systems market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa. The Asia Pacific market was valued at US$ 3,159.5 Mn in 2017 and is predicted to lead the global MRI systems market in the forthcoming year. The increasing acceptance of MRI machines for diagnostic imaging and execution of strategies by market players is fostering the growth in the region. 

Read more in this press release:

https://www.fortunebusinessinsights.com/press-release/magnetic-resonance-imaging-system-market-9075

Increasing incidences of neurological disorder and musculoskeletal is further boosting the magnetic resonance imaging systems market. Extensive R&D activities for cardiovascular and neurology are likely to contribute significantly to the growth of the magnetic resonance imaging systems market in Europe and North America.

Global magnetic resonance imaging systems market key players are GE Healthcare, Siemens Healthcare, Koninklijke Philips N.V., Canon Inc., Hitachi, Ltd., Esaote SpA, Shenzhen Anke High-tech Co., Ltd., Time Medical Holding, SHENZHEN BASDA MEDICAL APPARATUS CO., LTD., Fonar Corporation, and other prominent players

Get more details here:
https://www.fortunebusinessinsights.com/industry-reports/magnetic-resonance-imaging-mri-systems-market-100087