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Magnetic Resonance Imaging Device

Market to Witness a 3.5% CAGR


During the Forecasted Period 2017-
2023
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Magnetic Resonance Imaging (MRI)
Systems Market

Magnetic resonance imaging (MRI) technique uses a combination of strong magnetic fields and radio
waves to derive a detailed image of organs and tissues of a body. The non-invasive magnetic resonance
imaging technique, unlike radiation-based imaging, does not expose patients to any radiation-related
adverse effects. Thereby, leading to an increase in number of patients opting for MRI over other medical
imaging techniques like CT scan. These factors are anticipated to impel the magnetic resonance imaging
market growth. Increase in number of patients with cardiovascular, neurological and ophthalmic disorders
in geriatric population is spiking the need for diagnostic attention which is expected to be another factor
propelling the market growth. Moreover, these instances are creating great scope for market key players
to invest in research and development activities like drug discovery processes and preclinical research, to
investigate possible contributions of MRI technique. This is likely to cast a positive impact on the magnetic
resonance imaging market.

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Magnetic Resonance Imaging (MRI) Systems Market

Regional Analysis:

MRFR predicts the possibility of North America to maintain its hegemony in the
magnetic resonance imaging market. MRI technique aids in accurate diagnosis and
provides detailed images of soft tissues and vascular system. Increasing prevalence of
complicated disorders that require such an accurate diagnosis is likely to drive the
regional market growth. Availability of advanced medical infrastructure and
professional operators are the main factors likely to prompt the magnetic resonance
imaging market in Europe.

Followed by North America, the European market is anticipated to grow at a rapid


pace. Capability of the European citizens to afford modern medical expenses can also
trigger the regional market growth. Asia Pacific is likely to grow with the highest CAGR
in the forthcoming years owing to multiple market drivers in the region.

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Magnetic Resonance Imaging (MRI) Systems Market

Segmentation:
MRFR conducted a study on the global magnetic resonance imaging market in segments for a vivid
understanding of the market. The MRI market study is segmented by type, field strength, disease
application, and end user.
Based on type, the market is segmented into open MRI, closed MRI, standard bore MRI, and wide-bore
MRI.
Based on field strength, the market is segmented into high-field MRI systems, 1.5t MRI systems, 3t MRI
systems, low-to-mid-field MRI systems, very-high-field MRI systems, and others.
Based on disease application, the market is segmented into the spine and musculoskeletal MRI, brain
and neurological MRI, pelvic and abdominal MRI, breast MRI, cardiovascular MRI, and others.
Based on end user, the market is segmented into diagnostic imaging centers, hospitals and clinics,
research laboratories, and pharmaceutical and biotechnology companies.

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