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15-Jan-2021

Global Magnetic Resonance Imaging Devices Market To Witness Massive Growth | Competitive Outlook Siemens Healthcare GmbH, CANON MEDICAL SYSTEMS CORPORATION, GENERAL ELECTRIC COMPANY

DBMR has added a new report titled Global Magnetic Resonance Imaging Devices Market with analysis provides the insights which bring marketplace clearly into the focus and thus help organizations make better decisions. This Global Magnetic Resonance Imaging Devices Market report emphasizes on the detailed understanding of the some decisive factors such as size, share, sales, forecast trends, supply, production, demands, industry and CAGR in order to provide a comprehensive outlook of the global market.  The conventional data in the global market report is presented in a graphical form while highlighting the proposed statistics. It also comprises of vendors, suppliers and key players in the global market. The unique data presented in the report are evaluated with an instinctive and scientific way in order to get a better understanding of the global market.

This Global Magnetic Resonance Imaging Devices Market research report analyzes top players in the key regions like North America, South America, Middle east and Africa, Asia and Pacific region. It delivers insight and expert analysis into key consumer trends and behavior in market place, In addition to an overview of the market data and key brands.  It also provides all data with easily digestible information to guide every businessman’s future innovation and move business ahead.

Magnetic resonance imaging (MRI) devices market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.0% in the forecast period of 2020 to 2027 and is expected to reach USD 8,263.26 million by 2027. Increasing focus on replacing low-field MRI systems with high-level MRI systems and introduction of advance technology based magnetic resonance imaging devices are the major drivers which propelled the demand of the market in the forecast period.

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Key Market Competitors:

Few of the major market competitors currently working in the global magnetic resonance imaging (MRI) devices market are Hitachi, Ltd., Siemens Healthcare GmbH, CANON MEDICAL SYSTEMS CORPORATION, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V.,, Aspect Imaging., Bruker, AURORA HEALTHCARE US CORP, ESAOTE SPA, FONAR, Neusoft Corporation, Mindray DS USA, Inc., TOSHIBA CORPORATION, Sanrad Medical Systems Private Limited,  FUJIFILM Holdings Corporation, ONEX Corporation, Hologic, Inc., Quality Electrodynamics, LLC, Shenzhen Anke High-tech Co., Magritek Ltd and others.

Global Magnetic Resonance Imaging Devices Market, By Field Strength (High-Field MRI Systems, Mid-Field MRI Systems, Low-Field MRI Systems, Others), Type (Closed MRI Systems, Wide Bore MRI, Open MRI Systems), Modality (Stationary System, Portable/Mobile System, Point-of-Care (POC) System), Indication (Brain and Neurological, Musculoskeletal, Cardiology, Mammography, Oncology, Pelvic and Abdominal, Gynecology, Urology, Dental, Others), End User (Hospitals, Diagnostic Centers, Imaging Centers, Specialty Clinics, Ambulatory Surgical Centers, Academic & Research Institutes), Distribution Channel (Direct Tender, Retail Sales), Country (U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, Rest of Europe, China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, South Africa, UAE, Israel, Egypt and Rest of Middle East and Africa) Industry Trends and Forecast to 2027

Magnetic resonance imaging devices have techniques that are mainly used in radiology to take pictures of anatomy and physiological processes in the patient’s body. MRI scans are used to diagnose brain tumours, MS, stroke, brain injury, developmental disorders, dementia, infections and causes of headaches. The MRI scan method is a type of diagnostic test that is not invasive and is used to diagnose the wide range of medical conditions.

Increased focus on replacing low-level magnetic resonance imaging systems with high-level magnetic resonance imaging, increasing the age of the elderly, increasing awareness of early diagnosis, introducing magnetic resonance imaging techniques and increasing the incidence of chronic diseases are the main drivers which enhanced the demand for magnetic resonance imaging devices market. However, the high cost of magnetic resonance imaging systems, product recall and increased use of refurbished and recycled magnetic resonance imaging products are expected to hinder the growth of magnetic resonance imaging devices market during the forecast period.

Strategic Initiatives by Manufactures is Creating New Opportunities for Players in the Magnetic Resonance Imaging Devices Market

Magnetic resonance imaging devices market also provides you with detailed market analysis for every country growth in aesthetic industry with magnetic resonance imaging devices sales, impact of advancement in the magnetic resonance imaging devices and changes in regulatory scenarios with their support for the magnetic resonance imaging devices market. The data is available for historic period 2010 to 2018.

Competitive Analysis:

Global magnetic resonance imaging (MRI) devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of magnetic resonance imaging (MRI) devices market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition: Global Magnetic Resonance Imaging (MRI) Devices Market

Magnetic resonance imaging is a imaging technology in medical field that creates comprehensive pictures of the tissues and organs in body using a computer-generated radio waves and magnetic field. MRI machines also captures 3D picture which can be viewed from various angles. It is a noninvasive method by which medical professionals study tissues, organs, and skeletal system. MRI is frequently used to examine imaging test of spinal cords and brains.

Market Drivers

  • Continuous advancement in MRI technologies is driving the market growth
  • Rising aging population is helping in the market growth
  • Innovation of new helium deposits is flourishing the market growth
  • Rising preference for high-field MRI system over low-field MRI system
  • Rising prevalence of chronic diseases drives the market growth

Market Restraints

  • Expensive MRI systems hinders the market growth
  • Inconsistent MRI systems in some patient population hampers the market growth
  • High maintenance and servicing charges acts as market restraints

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Key Developments in the Market:

  • In February 2019, Hitachi Medical Systems Holding Introduced new generation Magnetic Resonance Imaging, Echelon Smart Plus. This system features smart space, smart eco, and smart comfort without affecting the diagnostic speed and Quality. These systems were patient friendly as well as take less space as compare to traditional product.
  • In November 2018, Canon Medical Systems USA, Inc. has launched its new premium RMI scheme. The Vantage Orian also provides a set of improved software for reducing scanning period and increasing productivity. This brand release has boosted the company’s brand profile and its business value.

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Reasons to Purchase this Report

  • Current and future of global magnetic resonance imaging (MRI) devices market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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Last Updated: 15-Jan-2021