According to the report Asia Pacific MRI Systems Market, published by Market Data Forecast, the Asia Pacific market is projected to reach USD 1.86 billion by 2021, at a CAGR of 7.6% from 2016 to 2021.
MRI is a scan which uses magnetic field and pulses from Radio wave energy to take pictures of internal parts of our body. MRI can show problems that weren’t seen by other imaging methods. MRI is a powerful technique that is used for identifying problems in various tissues.
Technology in this industry has advanced to the point that MRI is used in combination with X-Ray or other powerful imaging method and known as Hybrid MRI. MRI is mostly used for finding problems like tumours, injury, Bleeding, Blood Vessel Diseases, or Infection. It is also used to see a problem encountered on x-ray or CT scan. MRI can take pictures of Head, Spine, Brain, Abdominal, cardiac and blood vessels and find the diseases or any problems associated with them.
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Asia Pacific MRI Systems Market: Drivers & Restraints
There are many drivers in this market like increase in aging population, developments in MRI techniques, Developing Markets, software Applications, and development of MRI compatible pacemakers. But some of the factors like high cost of MRI systems, draining helium gas deposits, declining reimbursement rates, lack of skilled labour and complexity of machines are restraining the market. This is the fastest developing region in the world because of developing market and increase in spending limits of people.
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Asia Pacific MRI Systems Market: Segmentation
- External MRI Systems Devices
By End Users
- POC testing
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Asia Pacific MRI Systems Market: Overview
The MRI market has expanded exponentially since the advent of MRI technology. This is mainly because MRI is the sole option to observe problems like tumours, internal injuries, infections and blood vessel ailments. Many of these ailments bypass other technologies available. Utility of MRI in combination with other imaging techniques known as Hybrid MRI is a recent advancement in the industry. Hybrid MRI techniques are predicted to become more feasible due to increasing investments in R&D and rising occurrence of internal illnesses like cancer.
Asia Pacific MRI Systems Market: Region-wise Outlook
On the basis of geography, the Asia Pacific market for MRI Systems devices is analysed under India, China, Japan, South Korea and Australia. The rise in geriatric population, increasing frequency of internal ailments and personal disposable income of people in Asian countries such as China and India are contributing to the market growth in these emerging nations. Furthermore, growing awareness about latest developments in medical field along with the availability of advanced medical facilities, favourable reimbursement policies, and rise in healthcare expenditure have also contributed in the growth of emerging economies like India and China.
Key Questions Answered
Asia Pacific MRI Systems Market: Key Players
Key players in the MRI systems market are Hitachi Medical Corporation, Toshiba Medical Systems, Siemens Healthcare, GE Healthcare, Imris Inc., Fonar Corporation, Esaote S.P.A, Neusoft Medical System, Aurora Medical Imaging and Philips Healthcare.
Reasons to buy Asia Pacific MRI Systems Market Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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