High-Field MRI (1.5T) Accounted for the Largest Share of the Global MRI Systems Market

Date: 2015-08-20

“Developing Asian countries such as China and India are lucrative markets for MRI systems owing to the growing aging population and rising awareness about early diagnosis in these countries. 

The report segments the global MRI systems market by architecture, field strength, application, and region. High-field MRI (1.5T) accounted for the largest share of the global MRI systems market. However, the very-high-field MRI (3T) segment is expected to grow at the highest CAGR in the forecast period owing to the ongoing technological advancements in this segment.

On the basis of architecture, the MRI systems market is segmented into closed MRI systems and open MRI systems. The closed MRI systems segment accounted for the largest share of MRI systems market owing to its benefits such as fast scanning and high resolution. 

On the basis of applications, the MRI systems market is categorized into spine and musculoskeletal MRI, brain and neurology MRI, vascular MRI, pelvic and abdominal MRI, breast MRI, and cardiac MRI. Brain and neurology MRI is the fastest-growing segment of the market owing to the rising aging population and rising awareness about early diagnosis. 

New and innovative product launches was the dominant strategy adopted by key industry participants to increase their market shares and to cater to the unmet needs.


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