Hyderabad, India -- (SBWIRE) -- 02/22/2018 -- The report "Global MRI Systems Market by Architecture (Open MRI, Closed MRI), by Field Strength (Low -to mid -Field, High Field, Very High Field, Ultra High Field), by Application (Brain, Spine, Cardiac, Abdominal, Breast), and by Region – Industry Analysis, Share, Size, Growth, Trends, and Forecasts (2016-2021)." says, The MRI Systems market is expected to reach USD 7.19 Billion by 2021 from an estimated USD 5.61 Billion in 2016, at a CAGR of 5.1%.

Magnetic Resonance Imaging System is a powerful imaging system used to identify issues related to internal tissues of the body, by providing 3D imagery without any invasive surgery being involved. MRI Systems do not use ionising radiations, instead they use radio waves or strong magnetic fields to resonate the atoms to provide the images. MRI systems can give constant, three-dimensional perspectives of body organs and internal biological systems without obtrusive surgery. Most people do not have the therapeutic skill to legitimately translate a MRI. A MRI can uncover minor harm to ligaments, tendons, and muscles. A MRI show of the heart and encompassing corridors can give early cautioning of propelling coronary ailment, and can help find malignant tumours.

Major developments in the technology of imaging systems, growing elderly population, rising economies of developing nations growing acceptance towards new medical technology and access towards high-end medical treatment and advent of MRI compatible pacemakers are fuelling the growth of the market.

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High Field Strength MRI systems are the leading market segment
With respect to field Strength, MRI Systems are further segmented into low to Mid field, High Field, Very High Field, Ultra High Field. High field strength segment is the major segment currently but Ultra High Field strength segment is expected to witness a rapid growth during the forecast period.
Closed MRI Systems commanded the major market share
By Architecture, The market is further segmented into Open MRI, Closed MRI. Closed MRI segment has occupied the major share of the market in 2016.

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Brain and Neurological segment was the leading market segment
Based on Application, The market is further segmented into Brain, Spine, Cardiac, Breast and Abdomen. The market was led by Brain and neurological application segment is expected to keep doing so in the forecast period.

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North America dominated the market in 2016
As for region, the market is isolated into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. North America represented the biggest offer of the MRI Systems showcase in 2016.North America was nearly trailed by Europe. The Asia-Pacific market is relied upon to demonstrate a fast development with a high CAGR in the figure time frame.

The key players of MRI Systems market include 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.

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