Magnetic resonance imaging systems industry can be traced back to late 1970s. Initially, resistive magnets with weak magnetic fields were utilized for producing diagnostic images with low spatial resolution. Though, weak magnets were used, conventional magnetic resonance imaging produced higher resolution images as compared to the CT scanners. Therefore, preference for magnetic resonance imaging systems was considerably high even then. In 1980s, superconducting magnets gained momentum. Till late 1990s 1.5 Tesla super conducting magnets were utilized whereas, currently 3 Tesla magnets are used. Furthermore, majority of the magnetic resonance imaging systems today use hydrogen nucleus that fosters its efficiency. Due to advancements in technology, conventional magnetic resonance imaging systems have been replaced by the advanced magnetic resonance imaging systems.
Magnetic resonance imaging Market: Key Players
The research study includes profiles of leading companies operating in the global magnetic resonance imaging market. Key players profiled in the report include: Siemens Healthineers, GE Healthcare, Phillips, Hitachi, Canon Medical Systems, Aspect Imaging, FONAR, Neusoft Medical Systems, Aurora Imaging Technology and Mindray.
Philips and Hologic Inc. has collaborated with each-other:
Philips and Hologic Inc. announced partnership agreement. Collaboration was aimed at providing integrated solutions to professionals by gathering Hologic’s innovator mammography techniques with Philips’ diagnostic solutions. This collaboration will foster company’s growth.
Drivers for the Global Magnetic resonance imaging Market:
Advancements in magnetic resonance imaging techniques, such as superconducting (SC) magnets, open architecture, high-field MRI, and software applications, are generating interest among academic institutes, research laboratories, hospitals, and physicians. Additionally, the advent of magnetic resonance imaging compatible pacemakers will significantly increase the number of patients eligible for magnetic resonance imaging procedures. Moreover the growth of magnetic resonance imaging systems in developed markets such as North America and Europe is mainly driven by replacement. Hence the prime factors responsible for the new wave of replacement include the introduction of magnetic resonance imaging scanners with wider patient bores and replacement of existing magnetic resonance imaging systems that have reached optimum utilization.
Opportunities for the Global Magnetic resonance imaging Market:
Advancements in the magnetic resonance imaging systems will positively influence industry growth during analysis timeframe. While Growing public awareness pertaining to early disease diagnosis will serve to be a high impact rendering factor for the magnetic resonance imaging systems market growth. An early disease diagnosis enables the individual to participate in their own legal, financial and long-term care planning. However early diagnosis of orthopedic, cardiovascular and other diseases significantly increases the probability for successful treatment. Therefore, due to above mentioned reasons, demand for advanced magnetic resonance imaging will augment the magnetic resonance system market growth.
Restrains for the Global Magnetic resonance imaging Market:
The high cost of magnetic resonance imaging solutions is restraining the market growth. Moreover magnetic resonance imaging systems might induce malfunctioning or permanent damage to implantable devices such as pacemakers and ICDs. In addition, orthopedic implants such as screws, plates, or artificial joints produce distorted images in an magnetic resonance imaging scan. Also the incompatibility of magnetic resonance imaging systems for patients with implants is therefore adversely affecting the growth potential of this market. While the high degree of technical skill is required to handle advanced and sophisticated magnetic resonance imaging systems which is hampering the growth of the market.
Region Wise, Global Magnetic resonance imaging Market Analysis:
Report covers the region wise analysis, global magnetic resonance imaging market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Among all, North America leads the global magnetic resonance imaging market share followed by Asia Pacific & Europe. While the North America leads the global magnetic resonance imaging market due to the increasing geriatric population susceptible to several chronic diseases. Elderly population base requires critical monitoring and diagnosis that surges the demand for magnetic resonance imaging systems. Moreover, favorable regulatory scenario for magnetic resonance imaging systems in North America should augment the industry growth in the forthcoming years.
Global Magnetic resonance imaging Market: Product analysis
- Open systems
- Closed systems
Global Magnetic resonance imaging Market: Application analysis
- Ambulatory surgical centers
- Diagnostic centers
Global Magnetic resonance imaging Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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