Major players operating in the MRI systems market are GE Healthcare (U.K.), Hitachi Medical Corporation (Japan), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), and Toshiba Medical Systems (Japan).
Seattle, WA -- (SBWIRE) -- 02/20/2017 -- The report " Magnetic Resonance Imaging (MRI) Systems Market Architecture (Open MRI, Closed MRI), Field Strength (Low-To-Mid Field (<1.5t), High Field (1.5t-3t), Very High Field (4t-6t)) & Application (Brain, Cardiac, Pelvic, Breast, Musculoskeletal) - Global Forecast to 2021", The global MRI systems market is projected to reach USD 7.19 Billion by 2021 from USD 5.61 Billion in 2016, at a CAGR of 5.1% from 2016 to 2021.
Browse 197 market data Tables and 54 Figures spread through 183 Pages and in-depth TOC on "Magnetic Resonance Imaging (MRI) Systems Market"
Early buyers will receive 10% customization on this report.
Factors such as rising geriatric population; advancements in MRI techniques such as the development of superconducting (SC) magnets, open architecture, ultra-high-field MRI, and software applications; and the advent of MRI-compatible pacemakers are expected to drive the demand for MRI systems among end users in the forecast period. On the other hand, high cost of MRI systems, depleting helium gas deposits, and declining reimbursement rates for MRI procedures are expected to affect the growth of the MRI systems market from 2016 to 2021.
However, emerging markets (such as China, India, Brazil, and Middle East), novel application areas such as detection of multiple sclerosis and breast cancer, and advent of hybrid MRI systems provide new growth opportunities to players in the MRI systems market. Furthermore, dearth of skilled labor and complexity of instrumentation may pose challenges for the growth of this market.
Speak To Our Research Analysts:
The MRI systems market is segmented on the basis of architecture, field strength, application, and region. On the basis of architecture, the MRI systems market is broadly segmented into closed MRI systems and open MRI systems. The closed MRI systems segment is expected to account for the largest share of the global MRI systems market in 2016.
The MRI systems field strength market is categorized into low-to-mid-field MRI, high-field MRI, very-high-field MRI, and ultra-high-field MRI. In this market, the very-high-field segment is the fastest-growing field strength. On the basis of application, the MRI systems market is classified into spine & musculoskeletal MRI, brain & neurological MRI, vascular MRI, pelvic & abdominal MRI, breast MRI, and cardiac MRI. In this market, brain & neurological MRI holds the major share followed by spine & musculoskeletal MRI.
On the basis of geography, the MRI systems market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is further segmented into the U.S. and Canada. Same as North America, Europe is also sub-segmented into Germany, the U.K., France, Italy, Spain, and the Rest of Europe. Asia is further segmented into China, Japan, India, and the Rest of Asia.
Read More | Get the Sample Pages:
The Rest of the World (RoW) is further classified into Brazil and other countries. In 2016, North America is expected to account for the largest share of the MRI systems market, followed by Asia. Asia will be the fastest-growing region due to the increasing disposable incomes and rising aging population. Europe, on the other hand, is a mature market for MRI systems similar to that of the U.S. Owing to the Eurozone debt crisis; this region is estimated to register slow growth.
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Telephone No: 1-888-600-6441