Global Magnetic Resonance Imaging (MRI) Market Trends, Size, Forecast - 2018-2023
Global magnetic resonance imaging (MRI) market is expected to grow at a CAGR 6.5% during 2018-2023. The MRI market has varied and innovative products due to the successful outcome of research and development and patents. The pivotal factors for the modest growth of the MRI market include the adoption of diagnostic devices and hybrid operating rooms across the globe. Technological advancement and innovation boosted the MRI market across the globe. R&D in the MRI market will bring technological advancement for better accuracy and patient care. Rising lifestyle-oriented diseases such as Cancer, CVD, CHD, and other neurological diseases are expected to create a huge demand for MRI products globally. MRI products, diagnosis, and treatment are costly and may affect market growth. However, the rising adoption of diagnostic devices and machines are expected to create a huge demand for the MRI market. APAC region has less adoption and development in MRI Market. However, with the rise in healthcare spending and favorable government policies, the APAC region is expected to create a significant opportunity for the market. The market is segmented on the basis of Application, Architecture, Field Strength and Geography. Global Magnetic Resonance Imaging (MRI) Market by application includes Brain &Neurological MRI, Spine & Musculoskeletal MRI, Vascular MRI, Pelvic & Abdominal MRI, Breast MRI, and Cardiac MRI.
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On the basis of geography, the global MRI market has been segmented into North America, Europe, Asia Pacific and Rest of the World. North America generates the highest revenues across the globe due to the huge adoption of an MRI. The major countries contributing to North America MRI market includes the US and Canada. North America has the highest rate of healthcare spending followed by Europe due to a huge number of lifestyle-oriented patients. Untapped APAC region such as China, India, Japan and S. Korea are the most emerging economies due to significant development in the healthcare system. APAC region is expected to create a significant opportunity for MRI market in the future. Improved healthcare spending, infrastructure development, and favorable government policies made the APAC region an emerging economy with significant opportunity for stakeholders.
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Global Magnetic Resonance Imaging (MRI) Market Segmentation
By application
Brain and neurological mri
Spine and musculoskeletal mri
Vascular mri
Pelvic and abdominal mri
Breast mri
Cardiac mri
By architecture
Closed mri systems
Open mri systems
By field strength
Low to mild field mri systems
High field mri systems
Very high field mri systems
Ultra high field mri systems
Competitive landscape
Key strategies
Key company analysis
Regional analysis
North america
United states
Canada
Europe
Uk
Germany
France
Italy
Spain
Rest of europe
Apac
India
China
Japan
Rest of apac
Rest of the world
Company profiles
Agilent technologies, inc.
Amber diagnostics, inc.
Aurora imaging technology, inc.
Canon medical systems corporation
Esoate spa
Emergence teleradiology llc
Fonar corporation
Fujifilm holdings corporation
Ge healthcare
Hitachi medical corporation
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