Title: Magnetic Resonance Imaging (MRI) Systems Market to grow at 7% CAGR from 2017 to 2024
1Magnetic Resonance Imaging (MRI) Systems Market
share to hit 8.5 bn by 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Key Insights from Magnetic Resonance Imaging
(MRI) Systems Market
- Global Market Insights, Inc. says, Magnetic
Resonance Imaging (MRI) Systems Market size is
set to exceed USD 8.5 billion by 2024. - Increasing geriatric population will drive market
growth over the forecast years. Ageing increases
the risk of acquiring degenerative disc disease
owing to several bodily changes such as
development of tiny cracks in the spinal discs
and loss of spinal fluid. - Increasing chronic disease prevalence along with
growing awareness pertaining to early disease
diagnosis serve as high impact rendering factors. - Several advancements have taken place in the
recent past, especially with respect to software
which have simplified imaging workflow and
reduced scan time. - However, lack of skilled technicians and
radiographers required for operating and
maintaining the machines impedes industry
expansion. - Apart from high machine purchase costs,
additional expenditures are incurred on
establishing an MRI suite, patient support areas,
machine installation and servicing.
3Continued...
- Closed MRI machines dominated the magnetic
resonance imaging systems market in 2016. Closed
magnet configuration consists of a tube-like
tunnel in which the patient is made to lie for
conducting the scan. - Low to medium MRI scanners market is poised to
witness significant growth over the forecast
years. Benefits such as open design,
comparatively lower purchase and operational
costs, lower fringe field and energy deposition
in tissues should boost adoption rates. - Hospitals as end users held the largest market
share. Increasing number of hospitals owing to
development of healthcare infrastructure will
further fuel segment expansion. - Germany magnetic resonance imaging systems market
held significant industry share. Increasing
proportion of elderly population coupled with
growing occurrence of chronic disease should
drive industry growth. - Prominent industry participants include GE
Healthcare, Siemens, Koninklijke Philips N.V.,
Hitachi and Toshiba.
4U.S. Magnetic Resonance Imaging (MRI) Systems
Market size, By Field Strength, 2013-2024 (USD
Million)
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Resonance Imaging (MRI) Systems Market _at_
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