Closed MRI Systems Market Size, Growth, Trends, And Forecasts 2018-2023

Posted by rohan on August 2nd, 2018

Closed MRI System Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Closed MRI Systems Market was worth USD 3.71 Billion in 2018 and is expected to reach 4.71 Billion USD by 2021 with a CAGR of 4.90%. The market is segmented into Field Strength (low to mid-range, High Field, Very High Field, Ultra High Field) by Application (Brain, Spine, Cardiac, Abdominal, Breast) and by region – Global Industry Analysis, Size, Share, Growth, Trends, and forecasts (2016-2021). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

MRI is a test which uses magnetic field and pulses from Radio wave energy to take pictures of various parts of our body. There are many drivers in this market like rise in geriatric population, developments in MRI techniques, Developing Markets, open architecture, and software Applications, and development of MRI compatible pacemakers. But some of the factors like high cost of MRI systems, draining helium gas deposits, declining reimbursement rates, dearth of skilled labor and complexity of machines are restraining the market.

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Brain and neurological MRI is the Largest Growing Segment and the largest segment which is because of rise in geriatric population, and people gaining sufficient awareness to detect diseases. High Field Strength is the most commonly used field strength in market because of increase in replacements and increasing adoption of advanced products.

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Geographically, North America has the highest share in the global market followed by Asia. The highest share of North America is attributed to its greater availability of advanced Technology and greater spending limits for people. Asia Pacific has the highest CAGR because of the rise in spending limits of people and rise in geriatric population.

Key players in the Closed MRI systems market are Hitachi Medical Corporation, Toshiba Medical Systems, Siemens Healthcare, GE Healthcare, Imris Inc., Fonar Corporation, Esaote S.P.A, Neusoft Medical System, Aurora Medical Imaging and Philips Healthcare.

Scope of the report

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.

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