Global Magnetic Resonance Imaging (MRI) Market By Type (Open MRI, Closed MRI)), Field Strength (High Field System, Medium Field System, Low Field System), Application (Brain and Neurological, Spine and Musculoskeletal, Vascular, Pelvic and Abdominal, Breast, Cardiac)
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The Global Market for MRI Systems is expected to reach $7.3 billion by 2022, growing at a CAGR of 5.4% during the forecast period. Closed MRI Systems is expected to dominate the market during the forecast period due to high value delivered through the systems. Rising Geriatric population is one of the major drivers for the MRI Systems market due to increasing number of diseases among the old population. The World Health Organisation (WHO) report states that there are certain health conditions that are expected to rise with the rise in ageing population, the conditions includes dementia, cancer, increase in the number of falls, obesity and diabetes. Increase in the prevalence of diseases such as cardiovascular diseases is also the key driving factors for the market. X-Ray equipment is expected to dominate the market. Increase in the demand for the home care therapeutic devices and introduction of portable devices is responsible for the growing demand for X-Ray equipment. The report highlights the adoption of Magnetic Resonance Imaging (MRI), globally.
Based on the Type, the Global Magnetic Resonance Imaging Market is segmented into Open MRI and Closed MRI segment. Based on the Field Strength, the market is bifurcated into High Field System, Medium Field System and Low Field System segments. Based on the Application, the market is bifurcated into Brain and Neurological MRI, Spine and Musculoskeletal MRI, Vascular MRI, Pelvic and Abdominal MRI, Breast MRI and Cardiac MRI segments. The geographies included in the report are North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Key Players profiled in the report includes General Electric, Siemens Healthcare, Philips Group, Hitachi Ltd., Toshiba Medical Systems Corporation, Shimadzu Corporation, Hologic Inc., Barco and Onex Corporation.