Magnetic Resonance Imaging Systems Market – Strategic Acquisitions and Collaborations among Industry Players to Spur Growth, Trend, Size, Share, Revenue, Drivers, Value and Volume Analysis 2030

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 Magnetic Resonance Imaging Systems Market 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 is valued approximately USD 5.81 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 4.0% over the forecast period 2019-2026. A magnetic resonance imaging systems often abbreviated as MRI, is a technique of medical imaging used in radiology to form the pitchers of anatomy and the physical processes of the body. These pitchers are further used to diagnose and detect the presence of abnormalities in the body. This system uses MRI scanners to generate images of the organs in the body. Magnetic resonance imaging (MRI) system is medical application of nuclear magnetic resonance (NMR). This system is ideal as an effective diagnostic tool for tumors, central nervous system disorders, spine lesions, and stroke affected area in brain and blood vessels. Increasing geriatric population, high incidences of tumors and central nervous system disorders, increasing government support for MRI and increasing focus on the replacement of low-field MRI systems with high-field MRI systems are the few factor responsible for high CAGR of the market over the forecast period.

For instance: according to the US Census Bureau’s “An Aging World Report 2015” estimated that, the number of people over 65 years will constitute 16.7% of the global population by 2050, which is almost double of that population in 2015 (8.5%). Moreover, novel application areas such as detection of metastasis and multiple sclerosis in cancer aided with emergence of hybrid MRI systems are the major factor likely to create lucrative growth opportunity to the market in the upcoming years. However, high cost of MRI systems and declining reimbursement rates for MRI procedures and uncertain outcomes of healthcare reforms are few factor anticipated to restraining the growth of global Magnetic Resonance Imaging Systems market during the forecast period.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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The regional analysis of global Magnetic Resonance Imaging Systems Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the favorable reimbursement policies, advanced healthcare facilities & high healthcare spending and growing geriatric population in the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising demand for high-field MRI systems, increasing geriatric population and high prevalence of cancer are few factors that would offer lucrative growth opportunities for the Magnetic Resonance Imaging Systems market across Asia-Pacific region.

Major market player included in this report are:
Siemens Healthineers
Canon Medical Systems
GE Healthcare
Aspect Imaging
Aurora Imaging Technology
Esaote S.P.A

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:
High Field
Very-high Field

By Architecture:
Closed MRI Systems
Standards Bore MRI
Wide-Bore MRI
Open MRI Systems

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By Region:
North America
Asia Pacific
Latin America
Rest of the World

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