Sales of MRI Compatible Patient Monitoring Systems Set to Soar in Asia-Pacific in Future
The increasing number of MRI exams being conducted in several countries is massively pushing up the demand for MRI compatible patient monitoring systems across the world. As per the Annual International Profiles of Health Care Systems Commonwealth Fund published by the Commonwealth Fund, the U.S., France, and Germany were some of the major countries in the world that saw the highest number of MRI exams of people per 1,000 population in 2014.
According to various reports, there were 114.3, 95.5, and 109.5 MRI exams done per 1,000 people in Germany, France, and the U.S. in 2014. Furthermore, the increasing number of product launches and the surging research and development (R&D) projects and activities in several countries are propelling the demand for MRI compatible patient monitoring systems across the world. Besides these factors, the soaring public awareness about healthcare is also pushing up the demand for MRI compatible patient monitoring systems.
The rising usage of these systems, especially in the developing countries such as China and India is creating lucrative growth opportunities for the companies manufacturing MRI compatible patient monitoring systems. Moreover, the rising prevalence of chronic diseases is massively pushing up the requirement for MRI scans, on account of the fact that these scans are required for diagnosing chronic diseases. Due to these factors, the sales of MRI compatible patient monitoring systems are rising sharply across the world.
Furthermore, this number grew to 46.9 in 2011, as per the findings of OECD. Apart from the mushrooming installation of MRI units, the increasing healthcare expenditure in the regional countries such as India and China is also positively impacting the growth of the MRI compatible patient monitoring system market in the APAC region. The market is also predicted to demonstrate huge expansion in the North American region in the upcoming years.
This will be a result of various factors such as the surging population of geriatric people, the ballooning usage of technologically advanced and innovative medical systems, and the increasing incidence of several lifestyle-associated and chronic diseases in the region, as per the estimates of P&S Intelligence, a market research company based in India. The MRI compatible patient monitoring system market is also predicted to register huge expansion in Europe in the forthcoming years.