Growing geriatric population, rising awareness about early diagnosis, technological advancements such as the introduction of software application in the system that in turn increases the accuracy are amongst key factors attributing for the growth of magnetic resonance imaging (MRI) market over the forecast period. Introduction of technologically advanced products such as Espree MRI systems and the way the entire RF subsystems has been operated in MRI are the major drivers of this market. Moreover, increase in incidences of road accidents caused by rash driving or driving after being intoxicated and increasing prevalence of cardiovascular diseases, tumors, and other neurological disorders are also few factors propelling market growth. Few factors impeding market growth includes high capital investment, shortage of helium gas deposition and declining reimbursement rates for MRI procedure. However, manufacturers are now more concern about analyzing more applications and developing cost effective equipment with improved patient comfort which is expected to reduce the impact of aforementioned restraining factors.
On the basis of architecture, the global market is segmented as closed MRI system and open MRI system. In 2014, closed MRI systems emerged as one of the most lucrative segment accounting for majority of market. High usage of these systems amongst majority of hospital chains and advantages associated with it such as rapid and accurate diagnostic results are few factors attributing for its large share. Low-to-mid-field MRI, high field MRI, very high field MRI, and ultra field MRI are the field strengths analyzed in the scope of study. Very-high-field MRI system are expected to grow at a lucrative rate over the forecast period of seven years. Key applications areas of MRI systems include, brain and neurological MRI, spine and musculoskeletal MRI, pelvic and abdominal MRI, vascular MRI, cardiac MRI and breast MRI. The brain and neurological MRI system segment accounted for the largest share of the MRI market. Lack of substitute imaging tool for brain and neurological diagnostics is one of the key factors for its large share.
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North America, Europe, Asia Pacific, MEA, Latin America are few of the key regional markets included in the study. North America on account of technologically advanced healthcare infrastructure, better reimbursement policies and high patient and doctor awareness level emerged as one of the most revenue generating region. However, Asia Pacific is expected to be the fastest growing region market owing to the favorable government initiatives pertaining to the development of healthcare such as “change India”, which includes 10 policies that are expected to transform India’s healthcare sector. However, Japan remains as an early adaptor of novel MRI technologies.
Key players operating in global MRI system market includes GE Healthcare, Hitachi medical corporation, Philips healthcare, Siemens Healthcare, and Toshiba medical systems.
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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On the basis of architecture, the global market is segmented as closed MRI system and open MRI system. In 2014, closed MRI systems emerged as one of the most lucrative segment accounting for majority of market. High usage of these systems amongst majority of hospital chains and advantages associated with it such as rapid and accurate diagnostic results are few factors attributing for its large share. Low-to-mid-field MRI, high field MRI, very high field MRI, and ultra field MRI are the field strengths analyzed in the scope of study. Very-high-field MRI system are expected to grow at a lucrative rate over the forecast period of seven years. Key applications areas of MRI systems include, brain and neurological MRI, spine and musculoskeletal MRI, pelvic and abdominal MRI, vascular MRI, cardiac MRI and breast MRI. The brain and neurological MRI system segment accounted for the largest share of the MRI market. Lack of substitute imaging tool for brain and neurological diagnostics is one of the key factors for its large share.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/magnetic-resonance-imaging-market
North America, Europe, Asia Pacific, MEA, Latin America are few of the key regional markets included in the study. North America on account of technologically advanced healthcare infrastructure, better reimbursement policies and high patient and doctor awareness level emerged as one of the most revenue generating region. However, Asia Pacific is expected to be the fastest growing region market owing to the favorable government initiatives pertaining to the development of healthcare such as “change India”, which includes 10 policies that are expected to transform India’s healthcare sector. However, Japan remains as an early adaptor of novel MRI technologies.
Key players operating in global MRI system market includes GE Healthcare, Hitachi medical corporation, Philips healthcare, Siemens Healthcare, and Toshiba medical systems.
Get more information of Tunable Laser Market on TOC:
http://www.grandviewresearch.com/industry-analysis/magnetic-resonance-imaging-market/request-toc
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
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