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The global magnetic resonance imaging (MRI) market was valued at USD 3.2 billion in 2015 and is predicted to grow at higher CAGR in the forecast period as the scope, products and its applications are rising enormously across the globe.<br>
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Magnetic Resonance Imaging (MRI) Market Revenue Drivers, Growth Opportunities, Supply Chain Analysis and Forecast Research Report Till 2025 “The global magnetic resonance imaging (MRI) market was valued at USD 3.2 billion in 2015 and is predicted to grow at higher CAGR in the forecast period as the scope, products and its applications are rising enormously across the globe.” The global Magnetic Resonance Imaging (MRI) Market research report provides complete insights on industry scope, global trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready, data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global magnetic resonance imaging (MRI) market was valued at USD 3.2 billion in 2015. The systems are used mainly for the detection of central nervous system (CNS) related diseases such as tumors, spine lesions, stroke influenced area in brain and blood vessels. The main driving factor for this market is increasing elderly population and high incidences of CNS diseases. The high rates of chronic diseases due to the increased geriatric population and demand for the minimally invasive or non-invasive diagnostic procedures fuel the market growth. Key Players: Major players competing in the industry include but are not limited to Siemens AG; Koninklijke Philips N.V.; GE Healthcare; Hitachi Medical Systems. These companies hold a strong position in the global market mainly due to their strong geographic reach. Some other players operating in the market include Toshiba Corporation; Aurora Imaging Technologies, Inc.; Esaote SpA; Sanrad Medical Systems Pvt. Ltd Inc.
Request free sample to get complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/magnetic-resonance-imaging-market/request-sample Growth Drivers: The technology advancement in various screening techniques namely open systems, software up gradation and superconducting magnets supports the market growth. The combination of MRI and pacemaker is a new technology development open the new door for MRI market due to its duel advantage and application. The higher adoption in the technology is due to the its sharp and precise images in short period of 20 minutes time because of its paramagnetic contrast agent and gadolinium-DTPA use as an intravenous injection. The high cost of devices and maintenance as well as servicing cost are hinders the market growth. The helium gas usage in machine cooling increases the total operation time and shrinks the productivity. The product approval from FDA and other regulatory authorities are one of the biggest challenge for the market. Application Outlook: Brain and neurological Spine and Musculoskeletal Vascular Abdomen Cardiac Breast Regional Insight: North America dominated the market with the largest revenue share in 2015. The North America is the dominate market for the MRI techniques due to technology advancement as well as easy availability of instrument in this region. The government policies on healthcare, the reimbursement by the private and government insurances, awareness for the diseases and early detection heighten the market growth in North America. Asia Pacific is the most potential market for the MRI due to its increasing elderly population and high incidences of chronic diseases. The China, Japan and India is the growing economies of Asia and its medical tourism industry is growing at a high rate this leads to the MRI market in progressive direction. The cheap medical treatment costs, technology advancement, good facilities and healthcare system causes the new market opportunity for MRI in this region. Browse Related Category Research Reports @ https://blog.naver.com/tomclark
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