MRI System Market to 2020 – Global Forecast by Architecture, Field Strength & Application in a Latest Research Report Available at RnRMarketResearch.com
(PRWEB) March 11, 2015 -- Rising aging population, technological advancements, and increasing awareness regarding early diagnosis will drive growth of the MRI Systems Market. Developing Asian countries such as China and India are lucrative markets for MRI systems owing to the growing aging population and rising awareness about early diagnosis in these countries.
High field and very high field whole body cylindrical scanners dominate the market, supplied by major MNC companies including GE Healthcare with approximately 25-30% market share, Siemens with around 25-30% market share, Philips with approximately 20% market share, Toshiba about 10-12% market share and Hitachi with around 5% market share. The companies profiled in the MRI system market report are Aurora Imaging Technology, Inc., Esaote S.P.A., Fonar Corporation, GE Healthcare, Hitachi Medical Corporation, IMRIS, Inc., Neusoft Medical Systems Co., Ltd. (Neusoft Medical), Philips Healthcare, Siemens Healthcare, and Toshiba Medical Systems Corporation (Part of Toshiba Corporation). New and innovative product launches were the dominant strategy adopted by key industry participants to increase their market shares and to cater to the unmet needs. Complete report is available at http://www.rnrmarketresearch.com/magnetic-resonance-imaging-mri-systems-market-by-architecture-open-mri-closed-mri-field-strength-low-to-mid-field-high-field-very-high-field-ultra-high-field-application-brain-spine-ca-market-report.html.
The report segments the global MRI systems market by architecture, field strength, application, and region. High-field MRI (1.5T) accounted for the largest share of the global MRI systems market. However, the very-high-field MRI (3T) segment is expected to grow at the highest CAGR in the forecast period owing to the ongoing technological advancements in this segment.
MRI imaging has been an essential clinical diagnostic device since the 1980s, with the current worldwide market estimated to be around US$ 4. 5 billion per annum from the sale of around 3500 systems unit. The US, European and Japanese markets are sharing around 80% of this total having huge mature markets. The buyers upgrading their outdated systems and purchasing more MRI scanners to take care of the demand within tough cost-efficiency criteria.
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High field entire body systems have been generally welcomed by the market as they give extra applications which were previously unavailable and greatly enhance image resolution and quality, especially for ligament. However, higher field entire body MRI systems are large and costly to buy and difficult to install. These qualities have deferred purchasing decisions of many hospitals and clinics or made them to look for alternatives. At present the greatest demand for MRI procedures in the US is for Brain, Head and Neck scans with spine and extremity scans running a close second.
From an insight perspective, this research report focuses on qualitative data, market size, and growth of various segments and sub segments, competitive landscape, and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and threats), winning imperatives, and burning issues. The report also offers market sizes and data on the growth of various segments in the industry. It focuses on emerging and high-growth segments, high-growth regions, and government initiatives. The competitive landscape covers the growth strategies adopted by industry players in the last three years. The company profiles comprise basic views of key players in the MRI systems market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above-mentioned market research data, current market size, and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
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