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magnetic resonance imaging (mri) systems

The Magnetic Resonance Imaging (MRI) Systems Market is Expected to Grow at a CAGR of 5% from 2009 to 2016/n

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magnetic resonance imaging (mri) systems

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  1. Magnetic Resonance Imaging (MRI) Systems - Global Pipeline Analysis, Opportunity Assessment and MarketForecasts to 2016

  2. The Magnetic Resonance Imaging (MRI) Systems Market is Expected to Grow at a CAGR of 5% from 2009 to 2016 The global Magnetic Resonance Imaging (MRI) systems market is forecast to exceed $4 billion by 2016 with a Compound Annual Growth Rate (CAGR) of 5% from 2009-2016. The market is expected to be driven by new clinical indications of MRI, especially in the areas of cardiology and neurology, along with technological advancement and upgradation of MRI devices. The increasing use of MRI in detecting diseases in their early stages, such as multiple sclerosis and breast cancer, is also a key driver of the MRI systems market. In addition, Diffusion MRI is now the preferred method, rather than Computed Tomography (CT) for the diagnosis of stroke. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Magnetic-Resonance-Imaging-MRI-Systems-Global-Pipeline-Analysis-Opportunity-Assessment-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices The emerging economies, such as Brazil, India and China will also play a significant role in driving the demand for MRI systems in the near future. With these economies witnessing significant economic growth, their respective

  3. governments are attempting to improve their healthcare infrastructure. Healthcare is emerging as a prime focus of these economies and healthcare spending, both at the private and public levels, is expected to double over the next seven years. In the developed countries, the MRI systems market is approaching saturation level with the focus now shifting towards developing new technologies which will improve the efficiency and save costs for hospitals and diagnostic imaging facilities. High Field MRI Systems to be the Key Revenue Generator in the Future The global high field MRI systems market was valued at $ 0.9 billion in 2009 and is forecast to reach $1.7 billion in 2016 with a CAGR of 9%. It is those MRI systems which are greater than or equal to 3 Tesla in field strength that are included in this segment. High field MRI system was introduced in the US in 2002 and since then has gained immense popularity amongst radiologists and healthcare providers. The main advantage of a high field MRI system is the increase in noise to signal ratio as well as the high spectral resolution. High field MRI systems can be used to improve the temporal resolution and thereby increasing the image quality and reducing scan time. A high field MR system is primarily used to examine the smaller parts of the body. The high field MRI

  4. systems are increasingly being adopted by radiologists due to advantages such as faster scan times and enhanced image quality. angiography, interactive cardiac MR and interventional MR are expected to drive the growth of high field MRI systems in the future. The US to Continue to be the Biggest MRI Systems Market The US was the biggest market for MRI systems in 2009, contributing 38% towards the global MRI systems market. This contribution is expected to reach 42% by 2016. The US MRI systems market was valued at $1.2 billion in 2009 and is forecast to grow at a CAGR of 6% to reach $1.8 billion by 2016. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Magnetic-Resonance-Imaging-MRI-Systems-Global-Pipeline-Analysis-Opportunity-Assessment-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices The market is expected to receive a boost from the recent healthcare reforms that have proposed insurance coverage for nearly 37 million previously uninsured people. The Affordable Care Act, introduced by the reforms, is expected to help patients gain better access to preventive services not only by

  5. expanding the insurance coverage but by also reducing the cost barrier of preventive medicine. The key driving growth factor is the introduction of new technologies which are overcoming the previous technical concerns in high field 3Tesla MRI systems These factors are expected to spur growth in the MRI systems market in the US which is currently hampered by the economic slowdown and the proposed reimbursement cuts for diagnostic imaging. Siemens Healthcare, GE Healthcare and Philips Healthcare Dominate the Global MRI Systems Market The global MRI systems market is dominated by Siemens Healthcare (32%), followed by GE Healthcare (29%) and Philips Healthcare (16%). These companies offer a wide range of products along with high quality service to MRI systems operators and radiologists. These companies cater to the needs of diverse markets through their product line. The competitive advantage of these device manufacturers lies in their innovative product line and advanced technology. With strong bases in the US and other developed nations, these companies are now focusing on the emerging nations. This is because of the emerging nations significant population coupled with increasing affordability and accessibility of healthcare services.

  6. GlobalData’s new report, “Magnetic Resonance Imaging (MRI) Systems - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016” provides key data, information and analysis on the global MRI systems market. The report provides market landscape, competitive landscape and market trends information the MRI systems market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Magnetic-Resonance-Imaging-MRI-Systems-Global-Pipeline-Analysis-Opportunity-Assessment-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Medical_Devices Visit our report store: http://www.globaldata.com

  7. For more details contact: pressreleases@globaldata.com North America: +1 646 395 5477 Europe: +44 207 753 4299 +44 1204 543 533 Asia Pacific: +91 40 6616 6782

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