Magnetic Resonance Imaging (MRI) Machines Market Value Projected to Expand by 2030

Magnetic Resonance Imaging (MRI) Machines Market is valued around USD 6.55 Billion in 2019 and expected to reach USD 11.68 Billion by 2030 with the CAGR of 5.4% over the forecast period.
MRI machine is used for the medical imaging in radiology to study the detail analysis of human anatomy with effective diagnosis of various disorders. It is a non invasive procedure which uses the strong magnetic waves to obtain the anatomical image for analysis. It is one of the least detrimental and versatile diagnostic procedures. For further detailed study of organs sometimes contrast agents are given to the patient intravenously or orally which are safer than as compared to CT and X-ray contrast. Patients with medical implants such as pacemaker and other may have some difficulties during MRI scan. Market players are aggressively working for the development of implant friendly MRI machine.
Global Magnetic Resonance Imaging (MRI) Machines Market report is segmented on the basis of architecture, field strength, application and by regional. Based upon architecture, the MRI machine market is fragmented into open MRI machines and closed MRI machines. Based on field strength, the market is fragmented into Low field MRI, High field MRI, and Ultra high Field MRI. On the basis of application, the market is divided into Orthopedic, Spine, Neurology, Cardiovascular, Head and Neck, Abdominal & Prostate, and Others. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW which are further segmented into major countries such as U.S., UK, France, and others.

The Magnetic Resonance Imaging (MRI) Machines market is mainly driven by the high prevalence rate of various disorders such as orthopedic, neurological, cardiovascular, abdominal disorders which indirectly increased the demand for MRI scans for better and accurate diagnosis. Moreover, wide application with rising geriatric population along with the amplification in trauma cases is likely to propel the market growth. In addition, constant innovation with technological advancement is also expected to positively affect the market growth. However, high cost of the MRI machines as well as lack of proper reimbursement policies in the developing economies are expected to restrain the market growth.


The developed regions such as North America and Europe are expected to hold the major market share owing to the presence of major market players in the region with innovation. Moreover, growing technological advancement along with the well developed healthcare facilities & infrastructure. Moreover, Asia Pacific is expected to dominate the MRI machine market in terms of growth rate owing to the rise in geriatric population and amplification in trauma cases with high demand of accurate diagnosis. Moreover, rapid development of healthcare facilities with wide applications and rising healthcare expenditure is also expected to contribute the market growth.

The major market players profiled in the Magnetic Resonance Imaging (MRI) Machines market includes Aspect Imaging, Fonar Corporation, Hitachi Ltd., Koninklijke Philips NV, GE Healthcare, Siemens Healthcare GmbH, Neusoft Medical Systems Co. Ltd, Esaote SpA, Canon Medical Systems Corporation and Aurora Imaging Technology among others.


About Us:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that range from the pre consultation to after-sales services provide an excellent client experience and ensure right strategic decision making for businesses.
Contact US:
Joseph Lawrence (Head - Client Engagement & Servicing)
Joseph@nextmsc.com

Comments

Post a Comment

Popular posts from this blog

Surgical Robotics Market Global Demand, Latest Technology and Outlook 2020 to 2030

Image
The Global Surgical Robotics Market size was valued at USD 66.02 billion in 2019 and is predicted to reach USD 158.70 billion by 2030 with a CAGR of 8.3% from 2020-2030. Surgical Robotics lead to minimally invasive procedures with high precision, minimal incision, reduced blood loss, lesser pain, and quicker healing time, as compared to traditional surgical procedures. In robotically assisted surgeries, the surgeon controls overall surgical procedure by manipulating the self-powered, computer aided robot, that comprises of miniature surgical instruments mounted on its robotic arms. Surgical robots are commonly used in minimally invasive surgery, remote surgery, and unmanned surgery. The increasing commercialization of surgical robots consequently propagates the growth of global surgical robotics market. Access Full Description of this report at:- https://www.nextmsc.com/report/surgical-robotics-market Top Companies: Medtronic plc, Smith & Nephew Plc. (Blue Belt Technologies, Inc
Read more

Airport Stands Equipment Market Size and Key Trends in terms of volume and value 2020-2030

Airport Stands Equipment Market is valued around USD 1.25 Billion in 2019 and expected to reach USD 2.00 Billion by 2030 with the CAGR of 4.30% over the forecast period . Airport Stands Equipment is specially designed equipment’s used on airports for aircrafts and passengers. These equipment’s include ramps, bridges, guidance systems, and many more to further enhance the consumer experience with limited efforts. This equipment’s also reduce the human efforts along with high operational efficiency. This also eliminates the inconvenience to passenger or staff on daily basis with excellent high speed work. Global Airport Stands Equipment Market report is segmented on the basis of equipment type and by regional. Based upon equipment type, the airport stands equipment market is fragmented into Air Bridges, Preconditioned Air Unit, Electrical Ground Power Unit, and Stand Entry Guidance System. The regional bifurcation of countries includes North America, Europe, Asia-Pacific, and RoW
Read more

Cancer Drug Market Global Research Analysis Report and Clinical Outlook 2020 to 2030

Image
The Global Cancer Drug Market size valued at USD 112.73 billion in 2019, and is predicted to reach USD 215.11 billion by 2030, with a CAGR of 5.9%, from 2020-2030. Cancer is a chronic disease that tends to initiate abnormal growth of cells, leading to formation of tumors that have tendency to propagate throughout the lymphatic system, blood, and tissues in the human body. Conversely, benign tumors are non-cancerous tumors. There are different types of cancers like lung cancer, stomach cancer, breast cancer, prostate cancer, liver cancer, esophagus cancer, cervical cancer, renal cancer, bladder cancer, and others. Cancer can be diagnosed with the help of various clinical investigations such as CT scans, blood test, biopsy, and others diagnostic options. In early stages of cancer, chemotherapy is used as first-line treatment, and for chronic cancer diseases targeted therapy, immunotherapy as well as a combination of different therapies is used as treatment options. Access Full Descr
Read more