Magnetic Resonance Imaging Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“MRI Market Size Worth $5.8 Billion By 2026 | CAGR: 5.3%�
The global MRI market size is expected to reach an approximate value of USD 5.8 billion by 2026, according to a report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.3% during the forecast period. Constant introduction of advanced disease diagnostic technologies is primarily boosting the growth. Rapid growth of MRI sector is attributed to the rising prevalence of chronic diseases which require early diagnosis and timely treatment to prevent late stage complications. Also, rising number of road accidents leading to injuries and complications are augmenting the demand for this modality. The musculoskeletal and spine injuries also demand for these systems for better diagnosis using high-resolution scanning technique. On the other hand, high cost and requirement of qualified professional to operate the device are some of the major factors challenging the growth of the MRI market. Moreover, prolonged life span of these devices is resulting in delayed repeat purchase and thereby hindering the market growth. Market players are adopting various strategies such as collaborations and mergers and acquisitions to remain competent. For instance, Aurora Imaging Technology signed a distribution agreement with Sumec Group Corporation. Under the terms of agreement, Sumec Corporation is distributing Aurora Imaging Technology’s MRI system in China. The agreement provided a platform for both the companies to expand their diagnostics and screening market for breast scans using Aurora MRI system in China. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/magnetic-resonance-imagingmarket
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Further key findings from the report suggest: • Closed system segment held the largest market share in 2018. Whereas open system is anticipated to be the fastest growing segment during the forecast period. •
MRI for neural and brain disorders led the magnetic resonance imaging market owing to the lack of lternate scanning tool
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High field MRI segment which includes 1.5T to 7T MRI machines, is expected to showcase a significant CAGR in developed regions during the forecast period
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Ambulatory surgical centers are expected to exhibit the highest CAGR during the forecast period owing to government initiatives to improve primary care
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In 2018, North America led with the largest revenue share owing to continuous research and high adoption of advanced techniques. Whereas Asia Pacific is anticipated to showcase the fastest CAGR from 2019 to 2026
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Rapidly growing medical tourism industry coupled with growing disposable income of India, and China are some of the factors that are expected to drive the growth
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Major players competing in the industry include but are not limited to Siemens AG; Koninklijke Philips N.V.; GE Healthcare; and Hitachi Medical Systems
Grand View Research has segmented the global MRI market based on architecture, field strength, application, and end use, and region: Magnetic Imaging Resonance (MRI) Architecture Outlook (Revenue, USD Million, 2015 - 2026) • Closed System •
Open System
Magnetic Imaging Resonance (MRI) Field Strength Outlook (Revenue, USD Million, 2015 - 2026) • Low Field Strength •
Mid Field Strength
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High Field Strength
Magnetic Imaging Resonance (MRI) Application Outlook (Revenue, USD Million, 2015 - 2026) • Brain and Neurological
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Low Field Strength
o
Mid Field Strength
o
High Field Strength
Spine and musculoskeletal o
Low Field Strength
o
Mid Field Strength
o
High Field Strength
Vascular
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•
•
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o
Low Field Strength
o
Mid Field Strength
o
High Field Strength
Abdomen o
Low Field Strength
o
Mid Field Strength
o
High Field Strength
Cardiac o
Low Field Strength
o
Mid Field Strength
o
High Field Strength
Breast o
Low Field Strength
o
Mid Field Strength
o
High Field Strength
Other o
Low Field Strength
o
Mid Field Strength
o
High Field Strength
Table of Contents Chapter 1 Methodology and Scope 1.1 Market Segmentation & Scope 1.1.1 Architecture 1.1.2 Field Strength 1.1.3 Application 1.1.4 Regional Scope 1.1.5 Estimates and Forecast Timeline 1.2 Research Methodology 1.3 Information Procurement 1.3.1 Purchased Database 1.3.2 GVR’s Internal Database
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1.3.3 Secondary Sources 1.3.4 Primary Research 1.3.5 Details of Primary Research 1.3.5.1 Data for primary interviews in North America 1.3.5.2 Data for Primary Interviews in Europe 1.3.5.3 Data for Primary Interviews in Asia Pacific 1.3.5.4 Data for Primary Interviews in Latin America 1.3.5.5 Data for Primary Interviews in Middle East & Africa 1.4 Information or Data Analysis 1.4.1 Data Analysis Models 1.5 Market Formulation & Validation 1.6 Model Details 1.6.1 Commodity Flow Analysis (Model 1) 1.6.1.1 Approach 1: Commodity Flow Approach 1.6.2 Volume Price Analysis (Model 2) 1.6.2.1 Approach 2: Volume Price Analysis 1.7 List of Secondary Sources 1.8 List of Primary Sources 1.9 List of Abbreviations 1.10 Objectives 1.10.1 Objective 1: 1.10.2 Objective 2: Continue…………………. About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact: Sherry James
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Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com
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