Magnetic Resonance Imaging (MRI), a non-invasive imaging technology, that is used for disease detection, diagnosis, and treatment monitoring. These devices use strong magnetic fields, electric field gradients and radio waves to create images of various organs inside the body. In neurology, MRI is able to differentiate between the grey matter and white matter and is used in diagnosis of neurological conditions such as demyelinating diseases, dementia, cerebrovascular disease, infectious diseases, and epilepsy.
Key factors driving the growth of magnetic resonance imaging market in various regions across the globe are increasing demand for diagnostic devices such as MRI and CT scan and increasing number of applications of MRI in areas such as cardiology, oncology and others. Major players in the market are engaged in new product development with improved functionality using new technology. This further fuels the demand for MRI systems by hospitals, ambulatory surgical centers and diagnostic laboratories. Chronic disease such as cardiovascular disease, cancer require imaging tests for diagnosis and monitoring of diseases. The prevalence of these diseases is increasing at a rapid pace in developed as well as developing regions across the globe. Thus, rising prevalence of chronic diseases drives the growth of the market.
The “Global Magnetic Resonance Imaging Market Analysis to 2025” is a specialized and in-depth study of the magnetic resonance imaging industry with a focus on the global market trend. The report aims to provide an overview of global magnetic resonance imaging market with detailed market segmentation by field strength, architecture, application, end user, and geography. The global magnetic resonance imaging market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The global magnetic resonance imaging market is segmented on the basis of field strength, architecture, application, and end user. On the basis of field strength, the market is segmented into low field MRI systems, medium field MRI systems, high field MRI systems and ultra-high MRI systems. On the basis of architecture, the market is segmented into closed MRI systems and open MRI systems. On the basis of application, the market is segmented into cardiology, oncology, neurology, gastroenterology, musculoskeletal and others. On the basis of end user, the market is segmented into hospital, ambulatory surgical centers, diagnostic centers and others.
The report provides a detailed overview on the industry including both qualitative and quantitative information. It provides overview and forecast of the global magnetic resonance imaging market based on field strength, application and end user. It also provides market size and forecast till 2025 for overall magnetic resonance imaging market with respect to five major regions, namely; North America, Europe, APAC, Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 counties globally along with current trend and opportunities prevailing in the region.
North American market for magnetic resonance imaging exhibits growth potential with new product launches by key players and increasing emphasis on early diagnosis and treatment of chronic diseases. In Asia Pacific, increase in geriatric population in China and huge demand for diagnostic services in countries such as India and Japan are key factors contributing to the progress of the market. According to the United Nations Department of Economic and Social Affairs, the percentage of people aged 60 years or more is expected to more than double, from 168 million people in 2010 to (402 million) in 2040. These statistics signifies the demand for diagnostic and treatment of various disease prevalent among the geriatric population.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
The report also includes the profiles of key magnetic resonance imaging manufacturing companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Canon Medical Systems USA, Toshiba Medical Systems Corporation, Hitachi Medical Corporation, General Electric Company, Siemens, Koninklijke Philips N.V., Hologic, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, Esaote SpA and others.
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