FORT WORTH, Texas, May 13, 2015 /PRNewswire/ --
The global closed MRI systems market was valued at $4,714.6 million in 2014, and is projected to reach $6,064.1 million by 2019, at a CAGR of 5.2% from 2014 to 2019.
Browse through the TOC of Closed MRI Systems Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Factors influencing the growth of the global closed MRI systems market are rise in the aging population, growing awareness among people about the benefits of MRI scanning, and advancements in the field of MRI techniques that include superconducting (SC) magnets, open architecture, high-field MRI, and software applications. Despite these advantages, high cost of MRI systems, reduction in the availability of helium that would force hospitals to replace costly MRI magnets, and declining reimbursement rates for MRI procedures are factors restraining its market growth.
In 2014, about 31.5% of the global closed MRI systems market was dominated by North America, followed by Europe.
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The global closed MRI systems market is segmented on the basis of field strength, application, and geography. According to field strength, this market is classified into low-to-mid field MRI, high field MRI, very high field MRI, and ultra-high field MRI. Similarly, on the basis of application, the market is categorized into spine & musculoskeletal MRI, brain & neurological MRI, vascular MRI, pelvic & abdominal MRI, breast MRI, and cardiac MRI. Lastly, by geography this market is further segmented into North America, Europe, Asia, and rest of the world.
This report offers a comprehensive analysis of market share and value chain analysis, in addition to market metrics such as drivers, restraints, and upcoming opportunities. It also presents competitive landscape and company profiles of key players thriving in this market.
The Global MRI Devices Market is mainly driven by aging population, technological advancements, and increasing government initiatives to expand MRI facilities. The market was valued at $4.13 million in 2013 and is expected to reach $5.25 million by 2018, at a CAGR of 4.58%.
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