Magnetic Resonance Imaging Market (Field Strength - Low Field (below 0.3T), Mid-field (0.3T to 1.0T), High Field (1.0T to 3.0T), Very High Field (3.0T to 7.0T), Ultra-high Field (above 7.0T); Application - Oncology, Cardiology, and Gastroenterology and Musculoskeletal; Architecture - Open and Closed MRI Systems): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. 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.

Pune, India -- (SBWire) -- 04/22/2019 --The Infinium Global Research analyzes the magnetic resonance imaging (MRI) market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size, and future trends in the global magnetic resonance imaging market. It will help a lot of decision-makers to develop strategies and find new opportunities in the global markets of magnetic resonance imaging.

The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the magnetic resonance imaging market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the global 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.

Magnetic Resonance Imaging (MRI) is a diagnostic imaging technique that uses a powerful magnetic field and radio waves to produce detailed images of the organs and tissues within the human body. MRI help to diagnose certain diseases including the brain, breasts, bones, heart, internal organs and spine. Additionally, it also identifying complications of infectious diseases and detecting musculoskeletal disorders and injuries. MRI machine is a large tube surrounded by a giant circular magnet. When the patient is placed on the movable bed the magnetic field temporarily realigns hydrogen atoms in the human body. The various protons of the body produce very faint signals that are used to create cross-sectional images. Functional MRI is the special type of MRI that maps the brain activity.

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 for MRI system in the diagnostic center, hospital and clinics and Growing the geriatric population coupled with higher chances of chronic disease are some factors which are also supporting the market growth. However, the high cost of MRI systems is projected to be the restraining growth of the market. Moreover, the improvement in the medical technologies for better access to diagnosis in developing countries offers huge opportunities for Magnetic Resonance Imaging Market.

Report Findings

1. Drivers

Growing Awareness Related to Early Diagnosis through MRI Especially in Cancer Examinations

The high demand for MRI system in a diagnostic center, hospital, and clinics

Growing the Geriatric Population Coupled with Higher Chances of Chronic Disease

2. Restraints

High Cost of MRI Systems

3. Opportunities

Improvement in Medical Technologies for Better Access to Diagnosis in Developing Countries

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 the imaging system. Early diagnosis for the chronic diseases offers demand for MRI system in this region. Asia Pacific is anticipated to rise a moderate rate in this market during the forecast period. Growing the healthcare expenditure is also supporting factor for this market in the Asia Pacific region. In addition, developing country such as China is spending more on the MRI machine. A 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 the Asia Pacific region.

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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 the 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 fulfills 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.

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.

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