Global Magnetic Resonance Imaging (MRI) Systems Market Set to Grow to $9.9bn by 2024

Tuesday 15 January 2019, Amsterdam

Rapid expansions in the applications of MRI and an increased medical awareness of MRI systems as a diagnostic tool have triggered strong growth in this market in recent years. As this trend continues, and new applications are discovered (coupled with continued product innovation), the market will continue to achieve strong revenue growth. The future of the MRI devices market look promising, as more innovative devices are in the R&D pipeline and eventually enters the market. In the recent years, there have been progressive improvements in the safety, comfort, convince and efficacy of MRI devices, yet there is potential for more innovation. With steady progression of the industry, MRI equipment will gain popularity among healthcare providers, with that market expanding worldwide and the devices developed to address a wider range of medical conditions. As MRI markets in developed countries mature, emerging national markets will continue to drive the growth of MRI sales, as a result of increased healthcare spending.

The lead analyst of the report commented "Opportunities in the market include the development and increased preference towards ultra-high field systems which are capable of imaging ions and neurotransmitters, ultimately achieving a new level of diagnostic imaging.

There are strong opportunities for market growth in rising countries such as China and India where the density of MRI scanners per million of the population is a major concern. As the global awareness of the benefits of MRI increases, and in response to strong patient demand, government spending in healthcare in these respective countries is expected to increase. This will ultimately provide strong opportunities for market players to direct their focus towards emerging countries, rather than in developed countries, where the MRI market is steadily reaching saturation."

Leading companies featured in the report include Aurora Healthcare US Corp, Bruker Corporation, Canon Medical Systems, Esaote SpA, GE Healthcare, Hitachi, Ltd., Neusoft Medical Systems Co., Ltd., Philips Healthcare, Shenzhen Anke High-tech Co., Ltd., Siemens Healthineers