Global MRI Market poised to grow beyond USD 7.22billion by 2021
Infinium Global Research has undertaken a new report on Global MRI Market: Trends Analysis and Forecast 2021. The report presents analysis global as well as regional markets of MRIs over the period of 2015 to 2021 Moreover, the IGR-Growth Matrix given in the report provides key focus areas and investment areas the market players can focus on. The market size is presented in terms of value for the historic year 2015 and estimated for forecast period of 2016 to 2021.
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Growing geriatric population, rising awareness about early diagnosis, technological advancements such as the introduction of software application in the system that in turn increases the accuracy are amongst key factors attributing for the growth of magnetic resonance imaging (MRI) market over the forecast period. Introduction of technologically advanced products such as Espree MRI systems and the way the entire RF subsystems has been operated in MRI are the major drivers of this market. Moreover, increase in incidences of road accidents caused by rash driving or driving after being intoxicated and increasing prevalence of cardiovascular diseases, tumors, and other neurological disorders are also few factors propelling market growth. Few factors impeding market growth includes high capital investment, shortage of helium gas deposition and declining reimbursement rates for MRI procedure. However, manufacturers are now more concern about analyzing more applications and developing cost effective equipment with improved patient comfort which is expected to reduce the impact of aforementioned restraining factors.
North America on account of technologically advanced healthcare infrastructure, better reimbursement policies and high patient and doctor awareness level emerged as one of the most revenue generating region. However, Asia Pacific is expected to be the fastest growing region market owing to the favorable government initiatives pertaining to the development of healthcare such as “change India”, which includes 10 policies that are expected to transform India’s healthcare sector. However, Japan remains as an early adaptor of novel MRI technologies.
Moreover the report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, Infinium Global Research- Growth Matrix (IGR- Growth Matrix) given in the report brings an insight on the investment areas that existing or new market players can consider.
The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of MRIs. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the MRIs that will impact the demand during the forecast period.
The Infinium Global Research- Growth Matrix (IGR- Growth Matrix) provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
The companies covered in the report include Aspen MRIs Inc. (U.S.), Cabot Corporation (U.S.), MRI Technologies LLC (U.S.), Nano High-Tech Co. Ltd. (China), Guangdong Alison Hi-Tech Co. Ltd. (China), Active MRIs (Portugal), Enersens SAS (France), JIOS MRI Corporation (South Korea) and BASF SE (Germany).
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