Research and Markets has announced the addition of the “Magnetic Resonance Imaging (MRI) Systems Market – Global Forecast to 2021“ report to their offering.
The global MRI systems market is projected to reach $7.19 billion by 2021 from USD 5.61 billion in 2016, at a CAGR of 5.1 percent from 2016 to 2021.
In this report, the global MRI systems market is segmented on the basis of architecture, field strength, application, and region. By architecture, the market is categorized into closed MRI systems and open MRI systems. The MRI systems field strength market is divided into low-to-mid-field MRI (below 1.5T), high-field MRI (1.5T-3T), very-high-field MRI (4T-6T), and ultra-high-field MRI (7T and above). Very-high-field MRI is the fastest-growing field strength, while high-field MRI forms the largest field strength segment.
The rising geriatric population; advancements in MRI techniques such as the development of superconducting (SC) magnets, open architecture, ultra-high-field MRI, and software applications; and the advent of MRI-compatible pacemakers are expected to drive the demand for MRI systems among end users in the forecast period. On the other hand, high cost of MRI systems, depleting helium gas deposits, and declining reimbursement rates for MRI procedures are expected to affect the growth of the MRI systems market from 2016 to 2021.
Asian countries such as the China and India are lucrative markets for MRI systems, owing to increasing spending power, growing healthcare awareness, improving healthcare infrastructure, growing medical tourism, increasing number of hospitals, and favorable government initiatives
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