Magnetic Resonance Imaging System Global Market – Overview
The Magnetic Resonance Imaging System Market is expected to reach approximately US$ 83020+ Mn by 2030 attributed to the growing demand of non-invasive and non-ionizing diagnostic procedures that have significantly fewer side effects. Magnetic Resonance Imaging is a technique used in radiology to produce body images for diagnostic purposes and treatment. The MRI scanner is a tube surrounded by a giant circular magnet with a movable bed in the center. The magnet creates a strong magnetic field that positions the protons in the body. The body is then exposed to a beam of radio waves that produces a faint signal to be detected by the receiver portion of the MRI. The process is generally used when other tests fail to provide sufficient data for diagnostics. The increasing growth for non-invasive diagnostic procedures with minimum or no side effects is trending in the healthcare industry. Owing to this demand, there has been significant advancements in the magnetic resonance imaging technology such as the lung MRI. As lungs are air-filled, the density of hydrogen atoms is very low. Yet recent advancements have made it possible to take magnetic resonance images related to lungs.
Top Key Players includes: Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers, Xcelsitas AG, Drägerwerk AG & Co. KGaA, Toshiba Medical Systems Corporation, Shimadzu Corporation, Hitachi Ltd, Hologic Corporation and Barco NV amongst others.
Focus of the report
- CAGR values in the market for the forecast period
- Key trends in the market place
- Major players and brands
- Historical and current market size and projection up to 2030.
- Detailed overview of parent market
- Changing market dynamics of the industry
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Market, by Component
The equipments used in the magnetic room account for the highest revenue share among the systems needed for magnetic resonance imaging. Magnetic rooms are situated inside the MRI suite containing the MRI scanner. It is accessed via an electronically controlled doorway within the console. The magnetic room consists of a number of important equipments such as ventilators and pumps. Among those equipments, ventilators hold the major share valued at US$ 14.34 Mn in 2017.
Market, by Region
Presently, North America accounted for the largest share in the magnetic resonance imaging system market and is expected to exhibit the same trend over the forecast period. As North America is a developed region with operating centers of key players, sound economic condition and structured insurance reimbursement systems, the market is able to show optimum growth. Moreover because of the favorable insurance scenario, the commercial availability of the products is effective and well-organized.
Competitive Market Share
The report provides both, qualitative and quantitative research of the market, as well as it helps to gain important insights of current and future market and trending technologies adopted by the key players. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers and acquisitions(M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.
Why Buy this Report?
- Extensive analysis on latest trends and growth opportunities in different regions across the globe
- Comprehensive assessment on recent technological advancements and forecast of the upcoming period
- A comparative analysis of leading players and emerging players in the Magnetic Resonance Imaging System market
- Authentic information on new product launches, organic and inorganic strategies, and more
- Valuable insights on the impact of regulatory framework on the global Magnetic Resonance Imaging System market
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