Albany, NY -- (SBWIRE) -- 02/06/2019 -- A recent report by ResearchMoz.us, titled, "Magnetic Resonance Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018–2026," traces the progress of the market. To that end, it throws light on the growth drivers and restraints. It also segments the global magnetic resonance imaging market based on different parameters to understand which ones hold out maximum prospect. Further, it discusses the factors shaping the competitive dynamics in the market.
The report finds that the global magnetic resonance imaging market is rising owing to the usage of MRI in diagnosing a range of diseases and disorders of the heart, spine, and brain. Apart from that, the growing pool of elderly highly susceptible to various neurological and cardiac conditions is also having a positive impact on the market. Rising cases of obesity and changing lifestyles of people leading to many chronic diseases is also having a positive impact on the market.
Another factor stoking growth in the global magnetic resonance imaging market is the favorable reimbursement policies of governments across nations. Increasing allocations towards cutting edge research and development of better products is also having a positive impact on the global magnetic resonance imaging market. For instance the new 7 Tesla MRI machine is the first ultra-high field research systems in the world that can transform imaging results into something more informative, precise, and accurate. It is predicted to revolutionize the imaging of brain tumors.
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With respect to application, the global magnetic resonance imaging market can be classified into neurology, spine, cardiovascular, orthopaedic, abdominal and prostate, head and neck, and others. Depending upon design again, the market can be classified into closed MRI and open MRI. With respect to design, the market can be classified into high field MRI (1.5T to 3.0T), low-to-mid field MRI (below 1.5T), very high field (4.0T to 5.0T), and ultra-high field MRI (6.0T and above). Some of the key end use segments driving demand in the global magnetic resonance imaging market are ambulatory surgical centers, hospitals, and diagnostic imaging centers.
When it comes to geographical segments, the global magnetic resonance imaging market is mainly being led by North America and Europe. The developed healthcare infrastructure in the regions, coupled with higher medical spends of people is mainly responsible for majorly fuelling MRI market in the regions. Going forward, however, Asia Pacific magnetic resonance imaging market is expected to hold maximum potential because of the strengthening healthcare infrastructure and large population in the region. China and India are mainly driving the MRI market's growth in Asia Pacific.
Prominent participants in the global magnetic resonance imaging market include AllTech Medical Systems, Esaote SpA, Siemens Healthcare GmbH, Koninklijke Philips N.V., and Hitachi, Ltd. The report studies their product offerings, sales and revenues, and respective market shares.
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