Magnetic Resonance Imaging Systems Market 2021 Industry Growth Estimate, Key Players Analysis, Gross Margins, Strategy, Application, Investment Plan, Opportunity and 2030 Forecast

In a recently published report, Magnetic Resonance Imaging Systems Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for .. products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

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.

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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

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