Magnetic resonance imaging (MRI) is a technique that employs both strong magnetic field and radio frequency waves to generate high resolution images of the organs and tissues. MRI is an advanced diagnostic tool and also a safer technique as it avoids the x-ray radiation exposure. MRI accounts for more than 20% amongst all the medical imaging techniques. Magnetic Resonance Imaging Systems market is estimated to grow at a CAGR of 5.6% to reach $8.6 Billion by 2020. The increasing prevalence of life style diseases such as cardiovascular, cancer and diabetes and improving access to healthcare facilities are driving the market. Insufficient reimbursement policies and high cost of MRI procedures are the factors hindering the growth of the market.
Key players in MRI systems market are:
- GE Healthcare
- Hitachi Medical Corporation
- Toshiba Medical Systems
- Siemens Healthcare
- Philips Healthcare
The market for MRI systems is classified into three categories based on architecture, strength of field and application and each of these segments are further broken down into sub-segments to give a comprehensive analysis of global magnetic resonance imaging systems market.
The overall market has also been presented from the perspective of different geographic locations and key economies in this market. Competitors are highlighted and market players are profiled with attributes covering company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the each of the prominent players for 2015 are detailed.
The report also provides a detailed qualitative analysis of the factors responsible for driving and hindering the growth of the magnetic resonance imaging systems market and future opportunities that can propel the market.