Report Highlights
The global market for MRI systems reached $5.8 billion in 2015. The market should reach nearly $6.1 billion and $8.0 billion in 2016 and 2021 respectively, growing at a compound annual growth rate (CAGR) of 5.7% from 2016 to 2021.
Report Includes
- An overview of the global markets and technologies for medical magnetic resonance imaging (MRI).
- Analyses of market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- Descriptions of the trends and developments for each type of MRI technology and how each is meant to satisfy the needs of customers.
- Identification of highly competitive MRI industries and their position in the overall imaging market.
- A look at macro trends that benefit the MRI market, which include:
- A globally aging population.
- Continued global urbanization.
- Prevalence of major diseases such as heart disease, cancer and diabetes.
- Expanding access to health-care products and services, particularly in rural areas and for younger populations.
- Examination of the MRI business in terms of specific companies and their position in the market.
- Profiles of major players in the industy.
SCOPE OF REPORT
The report includes only those devices and products that are listed above. It segments the global market and the products market only by four regions as listed above. The scope of the report includes and covers the following:
- Key market segment analysis.
- Market dynamics (drivers and restraints).
- Market estimation for the forecast period of 2016 through 2021.
- Competitive developments and landscape.
- Regional analysis.
- Profiles of key market players.
- Patents.
Analyst Credentials
Himani Singhi has been working in healthcare, biotechnology and life sciences business research and consulting since 2009. She has expertise in business strategy, market and competitive intelligence, business performance measurement and management, business analysis and analytics, and forecasting. Himani studied in the U.K. and holds double masters, one in life sciences/allied science and the other in business analysis.
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The global market for MRI systems was $4.9 billion in 2012. This market is projected to reach $5.4 billion in 2013 and $6.9 billion by 2018, at an estimated compound annual growth rate (CAGR) of 5% from 2013 to 2018.
Report Includes
- Descriptions of the trends and developments for each type of MRI technology and how each is meant to satisfy the needs of customers.
- Analyses of market trends, with data from 2012, estimates for 2013 and projections of compound annual growth rates (CAGRs) through 2018.
- Examination of the MRI business in terms of specific companies and their position in the market.
- Identification of highly competitive MRI industries and their position in the overall imaging market.
Report Highlights
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In the U.S., recent reimbursement changes and the economic downturn have called the expanding use of MRI scanning into question. The North American market is worth $2.3 billion in 2010 and is expected to increase at a 4.4% compound annual growth rate (CAGR) to reach $2.9 billion in 2015.
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Europe ranks with the U.S. as one of the most developed MRI markets. Expanding applications in the neurologic, cardiac, and breast MRI areas should drive the EU market. This sector is estimated at $1.2 billion in 2010 and is expected to increase at a 10% compound annual growth rate (CAGR) to reach $1.9 billion in 2015.
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Japan remains an early adopter of newer MRI equipment, making it a prime opportunity for newer 3T equipment. This market is valued at $1 billion in 2010 and should reach $1.3 billion in 2015, a compound annual growth rate (CAGR) of 4.3%.
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