Pune, December 12, 2022 (GLOBE NEWSWIRE) — According to the latest report published by Growth Plus Reports, the global magnetic resonance imaging (MRI) equipment market. an hour is expected 12.07 billion dollars by 2030 and grow to a CAGR of 6.30% during the stipulated period. The global magnetic resonance imaging (MRI) equipment market is primarily driven by new product introductions, technological advancements, and widespread adoption of high-field MRI systems. Furthermore, growing awareness of the benefits of early diagnosis as well as favorable reimbursement policies are driving the global MRI market. However, the growth of the magnetic resonance imaging market is stifled by high equipment costs and a low adoption rate of new equipment. This exclusive information was released by Growth Plus Reports in their report titled “Magnetic Resonance Imaging (MRI) Equipment Market – Global Outlook and Forecast 2022-2030.”
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Magnetic resonance imaging (MRI) is a non-invasive medical imaging technique that produces accurate images of almost every internal human structure, including organs, bones, muscles and blood vessels. Magnetic waves are used in MRI scanners to create images of the body. An MRI scan does not produce any radiation, like X-rays. The most commonly used imaging diagnostic method in healthcare for detecting cancer, bone damage, neurological disorders, etc. is magnetic resonance imaging (MRI). Open MRI equipment, wide bore MRI equipment, and closed MRI equipment are the three categories by which magnetic resonance imaging (MRI) is categorized.
Drivers of growth
Technological advancements are driving the growth of the Magnetic Resonance Imaging (MRI) market. The introduction of new technology such as multi-contrast MRI systems, the introduction of new software support for better photographic results and shorter scan times are increasing the adoption of new technology and also helping doctors understand the physical condition more precisely. These factors drive the global Magnetic Resonance Imaging (MRI) market.
The global Magnetic Resonance Imaging (MRI) Equipment market is analyzed from five different perspectives – strength, type, application, end user, and region
Excerpts from ‘by force’
The global magnetic resonance imaging (MRI) equipment market is classified into:
- Very high field (MRI) systems (4T and above)
- High-field systems (MRI) (1.5T to 3T)
- Low-field systems (MRI) (1.5T)
The high-field (MRI) system (1.5T to 3T) dominates the global magnetic resonance imaging market due to its high diagnostic accuracy, high power, and shorter scan time. In addition, lower device cost and increasing application in underdeveloped countries are contributing to the growth of the high-field (1.5T–3T) magnetic resonance imaging (MRI) equipment market. Furthermore, a strong product portfolio, technological advancements, and multi-purpose use in diagnostics and research are driving the global high-field magnetic resonance imaging market. Moreover, increasing prevalence of chronic diseases such as cardiovascular diseases, neurological diseases, and cancer cases are also propelling the global high-field magnetic resonance imaging (MRI) system market.
Excerpts from ‘by type’
Global Magnetic Resonance Imaging (MRI) Equipment Market on the basis of Type classified into:
- Open systems
- Closed systems
- Wide bore systems
Closed systems dominate the global MRI market due to their excellent image processing quality, high specificity and precision, and ability to diagnose multiple conditions. Furthermore, shorter diagnosis period and higher magnetic resonance imaging for early diagnosis are driving the growth of the closed system magnetic resonance imaging (MRI) equipment market.
Excerpts from ‘Segmentation by regions
The global magnetic resonance imaging (MRI) equipment market is segmented into
- North America
- Asia Pacific
- The rest of the world
The global magnetic resonance imaging (MRI) equipment market is dominated by North America, followed by Asia Pacific. North America’s large share of the global market is attributed to the high adoption rate of new technology and equipment, favorable reimbursement policies, and increasing awareness of the benefits of early diagnosis. In addition, the development of infrastructure, and the increasing prevalence of chronic diseases in the region. Additionally, favorable reimbursement policies and increasing awareness of the benefits of early diagnosis are contributing to the growth of the magnetic resonance imaging (MRI) market in North America.
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Excerpts from ‘Competitive Landscape’
Prominent players operating in the global magnetic resonance imaging (MRI) equipment market are:
- GENERAL ELECTRIC COMPANY (GE Healthcare)
- Siemens Healthineers AG
- Koninklijke Philips NV
- Canon Medical Systems Corporation
- Hitachi, Ltd.
- Esaote SpA
- Time Medical Holding
- Shenzhen Anke Hi-tech Co., Ltd.
- Shenzhen Basda Medical Apparatus Co., Ltd.
- Mindray Bio-Medical Electronics Co., Ltd.
- Corporation Fonar
- Fujifilm Holding Corp
- Aspect Imaging
- Aurora Imaging Technology
- Neusoft Medical Systems
Table of contents
- Market ecosystem
- Time frame under consideration
- Historical years – 2020
- Base year – 2021
- Estimated years – 2022 to 2030
- Currency used in the report
- THE POWER OF RESEARCH
- Research approach
- Data collection methodology
- Data sources
- Secondary sources
- Primary sources
- Approach to market assessment
- From the bottom up
- Top down
- Market forecasting model
- Limitations and assumptions
- PREMIUM INSIGHT
- Current market trends (COVID-19 perspective)
- Key players and competitive positioning (2021)
- MARKET DYNAMICS
- GLOBAL MAGNETIC RESONANCE EQUIPMENT (MRI) MARKET – ANALYSIS AND FORECAST, BY VOLUME
- Very high field MRI systems (4 and above)
- High-field MRI systems (1.5T to 3T)
- Low-field MRI systems (<1.5T)
- GLOBAL MAGNETIC RESONANCE EQUIPMENT (MRI) MARKET – ANALYSIS AND FORECAST, BY TYPE
- Open MRI systems
- Closed MRI systems
- Wide bore MRI systems
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered by free analyst hours and expert interviews with every report
- Comprehensive quantitative and qualitative insights at the segment and sub-segment level
- Trends and perspective of the impact of Covid 19
- Detailed insights at global/regional/country level
- Deep-rooted insights into market dynamics (drivers, constraints, opportunities) and the business environment
- A blanket on the competition field
- Winning imperatives
- Comprehensive coverage of ‘Strategic Development’ recorded by leading players in the market
- Assessment of the distributor landscape
- Pricing intelligence
- User base assessment
- Analysis of investments and initiatives
- ‘Business Profile’ of Key Players
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