Magnetic Resonance Imaging (MRI) Systems Market by Architecture (Open MRI, Closed MRI), Field Strength (low-to-mid field, high field, very high field, ultra-high field) & Application (Brain, Spine, Cardiac, Breast, Abdominal) – Global Forecast to 2020

Date: 2015-07

“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.
From an insight perspective, this research report focuses on qualitative data, market size, and growth of various segments and subsegments, competitive landscape, and company profiles. The qualitative data covers various levels of industry analysis such as market dynamics (drivers, restraints, opportunities, and threats), winning imperatives, and burning issues. The report also offers market sizes and data on the growth of various segments in the industry. It focuses on emerging and high-growth segments, high-growth regions, and government initiatives. The competitive landscape covers the growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on key players in the MRI systems market and the product portfolios, developments, and strategies adopted by market players to maintain and increase their market shares in the near future. The above-mentioned market research data, current market size, and forecast of future trends will help key players and new entrants to make the necessary decisions regarding product offerings, geographical focus, change in approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.

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