The global magnetic resonance imaging MRI equipment market is forecast to grow at a CAGR of 6.2% from 2019-2028 to reach $XX billion by 2028. The growth in the market can be attributed to factors such as the growing number of patients suffering from chronic diseases, the development, and introduction of new advanced technologies for MRI scanners, and the increasing adoption rate due to technological advancements.
MRI, also known as magnetic resonance imaging (MRI), is a medical imaging technique that uses magnetism and radio waves to create images of the human body. MRI creates detailed pictures, unlike any other diagnostic tool. It can show injuries inside the skull or joints without surgery; it can detect cancerous tumors in organs not visible on X-rays, such as ovaries and thyroid glands; it provides better resolution than standard x-ray equipment for viewing broken bones like those found in football players' arms or legs. For example, Open MRI machines have more accessibility features because they are open-air rather than enclosed by metal walls. In some cases, these allow people with claustrophobia to undergo an examination - something which would be impossible if the equipment were enclosed in a tight space.
On the basis of type, the magnetic resonance imaging equipment market is segmented into Extremity MRI, Open MRI, and Closed MRI.
Extremity MRI Equipment refers to Magnetic Resonance Imaging (MRI) equipment used in extremities. It consists of an arm and a leg holder, which are attached to the subject’s body using Velcro straps. Extremity MRIs produce good quality images for bones such as wrist, foot or hand. The device is mostly used by orthopedists and sports medicine doctors who need detailed information on their patients' extremities without exposing them to radiation from x-rays or CT scans.
Open MRI machines are more economical and less sophisticated than closed-body scanners. The machine looks a bit like a combination of a submarine and a big metal cylinder or tube lying on its side. The patient will need to lie down on the back with arms overhead in order for it to do its work properly. Open MRIs don't provide as detailed images as closed body scanning equipment but they may be worth considering if weight is an issue for the patient or when imaging certain areas of the patient's body such as joints because open MRIs tend to create stronger magnetic fields which can allow them to see better under these specific circumstances.
Closed MRI equipment is a type of imaging scanner that has no opening to the outside world. Therefore, it cannot be used in situations where there are people or animals close by who could get caught up in an electromagnetic field during operation and receive burns as well as exposure to harmful ionizing radiation. Closed MRI scanners have been found useful for scanning patients who need more detailed images than can be obtained with an extremity scan but may not tolerate open magnetic resonance procedures because they require lying down flat on their backs for long periods of time.
On the basis of application, the global magnetic resonance imaging equipment market is segmented into Hospitals, Clinics & Others.
The application of Magnetic Resonance Imaging MRI Equipment in hospitals is the most widespread. Hospitals have a higher requirement for this type of equipment due to its capability and reliability, which allow doctors to provide a quick diagnosis on patients with high accuracy.
The application in clinics is for those who are seeking diagnostic and therapeutic procedures done by professionals. Magnetic resonance imaging has been used to show the different parts of a patient’s body that may be damaged or abnormal, like tumors or cysts. It can also help identify degenerative diseases like Alzheimer's disease if any exist.
On the basis of region, the global magnetic resonance imaging equipment market is segmented into North America, Latin America, and Europe. North America is the largest region of magnetic resonance imaging market in 2018 with a significant share because it has more number of hospitals which are required to have this equipment.
Latin America comprises Brazil as its major country while Europe includes Germany and France among others. The Magnetic Resonance Imaging Equipment Market by Type (Extremity MRI, Open MRI, ClosedMRI), By Application (Hospitals, Clinics), and Region (North America, Asia Pacific & Middle East Africa). Forecast To 2028 report presents various segments prevailing within these regions along with their respective drivers/challenges at a global level that might impact growth prospects for investors or stakeholders over the forecast period 2019-2028.
Growth factors can be attributed to the growing prevalence of diseases such as cancer, diabetes, and obesity. The increasing demand for medical services in countries with developing economies has also contributed to this growth factor. Moreover, changes in healthcare policies across the globe are anticipated to help boost the MRI equipment market in various regions including the Asia Pacific and Latin America during a forecast period 2018-2028.
Up Market Research published a new report titled “Magnetic Resonance Imaging MRI Equipment Market research report which is segmented by Types (Extremity MRI, Open MRI, Closed MRI), By Applications (Hospitals, Clinics, Other), By Players/Companies Siemens, Philips, GE Healthcare, Toshiba, Hitachi, ESAOTE, SciMedix, Paramed, Neusoft, Xingaoyi, ANKE, Huarun Wandong, Alltech”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Magnetic Resonance Imaging MRI Equipment Market Research Report|
|By Type||Extremity MRI, Open MRI, Closed MRI|
|By Application||Hospitals, Clinics, Other|
|By Companies||Siemens, Philips, GE Healthcare, Toshiba, Hitachi, ESAOTE, SciMedix, Paramed, Neusoft, Xingaoyi, ANKE, Huarun Wandong, Alltech|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||250|
|Number of Tables & Figures||175|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Extremity MRI, Open MRI, Closed MRI and By Application Hospitals, Clinics, Other.
Some of the companies that are profiled in this report are:
Magnetic Resonance Imaging MRI Equipment Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Magnetic Resonance Imaging MRI Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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