Magnetic Resonance Imaging Systems Market New Opportunities, Top Trends, Rising Demand, Emerging Growth | By Kenneth Research

Global Spending on Health: A World in Transition”, released in theyear 2019 by the World Health Organization (WHO), the global spending on healthcare recorded USD 7.8 trillion in 2017, which was an increase by USD 0.2 trillion from the recorded value of USD 7.6 trillion in 2016.

Recently, a significant growth in healthcare spending have been observed in the low- and middle-income nations. In the middle-income nations, healthcare spending rose by 6.3% a year between 2000 and 2017, while the economy rose by 5.9% a year. Additionally, health spending in low-income countries also observed a growth by 7.8% a year in the same period. The growth in the healthcare spending of these nations can be attributed to the increasing focus of the governments in these nations to meet the laid down targets of the Sustainable Development Goals (SDGs) of 2030. Such factors are anticipated to drive the growth of the MAGNETIC RESONANCE IMAGING SYSTEMS MARKET during the forecast period.

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Global Magnetic Resonance Imaging Systems Market valued approximately USD 3.6 billion in 2017 is anticipated to grow with a healthy growth rate of more than 5.3 % over the forecast period 2018-2025. The advent of the technologically advanced MRI systems with better image and high throughput is the major trend that are responsible for the wide adoption of Magnetic Resonance Imaging Systems globally. Global Magnetic Resonance Imaging Systems market is majorly driven by growing geriatric population.

For Instance: The Population Reference Bureau reveals that in United States people aged 65 years or above is projected to get double near approx. 98 million by 2060 from 46 million in 2016. However, the geriatric population rate is expected to rise nearly around 24 % by 2060 from 15 % in 2016. Thus, rapid increase in geriatric population would increase the demand for magnetic resonance imaging systems owing to growing prevalence of heart-related problems thereby, supplementing the growth of the magnetic resonance imaging systems market over the forecast period. However, high cost associated with magnetic resonance imaging systems is a major factor that impede the growth of the magnetic resonance imaging systems market over the forecast period.

The leading market players mainly include-
GE Healthcare
Siemens AG
Koninklijke Philips N.V.
Hitachi Medical Systems America AG.
Toshiba Corporation
Aurora Imaging Technologies, Inc.
Esaote SPA
Sanrad Medical Systems Pvt ltd.
Neusoft Medical Systems
Bruker

On the basis of segmentation, the magnetic resonance imaging systems market is segmented into architecture, field strength, application and end-user. The architecture segment of global magnetic resonance imaging systems market is classified into open systems and closed systems of which closed type segment accounts for the largest market share owing to the growing focus on research to develop advanced open MRI systems with better space. Based on field strength segment, the market is classified into low field strength, mid field strength and high field strength. The application segment includes brain & neurological, spine & musculoskeletal, vascular, abdominal, cardiac and breast of which abdominal segment holds the leading positions. On the basis of end-user segment, the magnetic resonance imaging systems market is classified into hospitals, imaging centers and ambulatory surgical centers.

The regional analysis of magnetic resonance imaging systems market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. North America have occupied major share in the global magnetic resonance imaging systems market. Major reasons for the dominance of North America are favorable reimbursement policies and insurance coverage. Whereas, Asia-Pacific is expected to emerge as the fastest growing region in terms of market share. The growth of Asia-Pacific region is witnessed owing to increasing geriatric population, presence of skilled healthcare staff and advanced healthcare facilities and services.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Field Strength:
LOW field strength
Mid field strength
High field strength

By Architecture:
Open Systems
Closed Systems

By Application:
Brain & neurological
Spine & Musculoskeletal
Vascular
Abdominal
Cardiac
Breast

By End-user:
Hospitals
Imaging Centers
Ambulatory Surgical Centers

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
ROE
Asia Pacific
China
India
Japan
ROAPEC
LAMEA
Brazil
Mexico
ROW
Middle East & Africa

Furthermore, years considered for the study are as follows:

Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

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Target Audience of the Global Magnetic Resonance Imaging Systems Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

THE REPORT ANSWERS QUESTIONS SUCH AS:

  1. What is the market size in Global?
  2. What are the factors that affect the growth of Market over the forecast period?
  3. What is the competitive position of Market?
  4. Which are the best product areas to be invested in over the forecast period of that Market?
  5. What are the opportunities of that Market ?

WHAT ARE THE KEY SEGMENTS IN THE MARKET?
• By product type
• By End User/Applications
• By Technology
• By Region

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

Key Topic Covered in this Report
• Market Growth Opportunities
• Leading Market Players
• Market Size and Growth Rate
• Market Growth Drivers
• Company Market Share
• Market Trends and Technological

About Kenneth Research

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Leonard Thomas is an energetic and versatile freelance writer for 5 years, he pen down any type of articles and web content. he is a Cambridge University Business English Certificate (Europe Level) holder . he is analytical, enthusiastic and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses .

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