Pune, India -- (SBWIRE) -- 11/22/2018 -- The main objective of this report is to define, describe, and forecast the global "Magnetic Resonance Imaging" market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market. According to a report the global magnetic resonance imaging market is projected to grow at a CAGR of 4% over the forecast period of 2018-2024.

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Growing application of magnetic resonance imaging in diagnostic center, hospital and clinics is boost the market growth

Growing the awareness related to early diagnosis through MRI especially in cancer examinations is the major key factor driving the growth Magnetic Resonance Imaging Market. In addition, high demand of MRI system in diagnostic center, hospital and clinics  and Growing the geriatric population coupled with higher chances of chronic disease are some factors which is also support the market growth. However, the high cost of MRI systems is projected to be the restraining the growth of market. Moreover, the improvement in the medical technologies for better access of diagnosis in developing countries offers huge opportunities for Magnetic Resonance Imaging Market.

NeuViz 128 CT in Vietnam

In May 2018, Neusoft Medical Systems Co., Ltd. (Neusoft Medical), a leading manufacturer of medical equipment and service in China. Neusoft Medical System's NeuViz 128 CT is officially available for clinical use after completing applications training for imaging technologists from Family Hospital.  The NeuViz 128 CT is improving the hospital's diagnostic imaging medical service line as well as the hospitals national ranking by providing complete lower limb blood vessels scanning and cardiac coronary enhancement scanning.

A New Canon Medical Systems Ultrasound Scanner for Bedford Hospital

Bedford Hospital NHS Trust acquired a Canon Medical Systems' Aplio i-700 ultrasound system for its Breast Unit.   Based on positive experience with Canon's equipment, the hospital opted to replace its Aplio XG scanner with the very latest version of the company's Aplio i-series.

The Aplio i-700 fulfils achieving stunning image quality and we also appreciate its ease-of-use due to prior knowledge of the equipment.

Hitachi Healthcare Americas acquires VidiStar

Hitachi Healthcare Americas Corporation of Twinsburg, OH, has acquired VidiStar, a company that developed a web-based diagnostic viewer and customizable structured reporting solution for medical imaging and clinical decision support. The company's technology enables physicians and other healthcare providers with the ability to review and interpret diagnostic studies via the internet.

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In the announcement of the acquisition, Hitachi stated that it expects the acquisition of VidiStar to advance its informatics strategy and analytics capabilities to improve workflow and intelligence for physicians, particularly with providers conducting diagnostic ultrasound examinations.

The North America region dominates the magnetic resonance imaging market

Among the region, North America held the largest share in Magnetic Resonance Imaging Market owing to the more technological advancement in imaging system. Early diagnosis for the chronic diseases offers demand for MRI system in this region. Asia pacific is anticipated to rise moderate rate in this market during forecast period. Growing the healthcare expenditure is also supporting factor for this market in Asia pacific region. In addition developing country such as china is spending more for MRI machine. Growing aging population along with increasing chronic diseases including cancer and neurological,cardiovascular and orthopedic condition increasing the demand for Magnetic Resonance Imaging Market in Asia pacific region.

The major key players in Magnetic Resonance Imaging Market are Esaote SpA, Neusoft Medical Systems Co., Ltd,  Philips Healthcare, Siemens Healthineers, Canon Medical Systems Ltd, Bruker Corporation, Fonar Corporation, Hitachi Medical Systems, GE Healthcare, and Aurora Imaging Technology.

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