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Magnetic Resonance Imaging (MRI) System Market worth $5.24 Billion By 2018
Date:4/29/2013

comprises low to mid-field strength, high field strength and very-high field strength MR systems, the technology segment is classified as MR Angiogram, MR Venogram, functional MRI, MR Spectroscopy and Fusion MR, while the application segment covers breast MRI, cardiac MRI, interventional MRI, whole body MRI and MRI for brain, and neurological disorders.

Closed systems with high field strengths dominate the market due to their high clinical significance and higher image resolution. Technological advancements such as the introduction of MRI-compatible pacemakers and digital broadband scanners drive the growth of the Magnetic Resonance Imaging System Market. Aging population in developed countries and increasing cases of chronic diseases in developing economies accelerates the market growth from the demand side.

The use of MRI Technology is expected to dilate globally owing to its significance in modern medical diagnosis for diverse biomedical applications. MRI systems for neurology and brain disorders command the current market, while cardiac MRI and breast MR systems are gaining momentum, due to rising cardiac and breast cancer cases globally.

With its ability to image anatomically and functionally, MRI has found its way into surgical applications and as well as in diffusion and perfusion imaging. It is being combined with other modalities such as PET, SPECT and ultrasound to achieve new heights of image clarity.

In brief, the highlights of the report are as follows:

  • Comprehensive analysis of the market structure, along with forecast of the MRI market, based on magnet type, field strength, technology, and applications
  • Identification of factors driving and restraining the growth of MR imaging market for the next five years (2013-2018)
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SOURCE MarketsandMarkets
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