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MRI is a medical diagnostic imaging technique by which detailed images of human anatomical structure is obtained thus facilitating early diagnosis of disease. The global MRI market is expected to grow at a CAGR of 3.3% from 2012 to 2017. Increase in the aging population and rise in the number of patients suffering from chronic diseases are driving the MRI market. In developing nations such as those in
Asia and RoW, increase in disposable income has led to rise in the spending on healthcare, which eventually increased the demand for MRI equipment.
The MRI market is segmented into Open MRI and Closed MRI based on structure. On the basis of field strength MRI is categorized into High-Field, Mid-Field and Low-Field. Open and Closed MRI will grow at a CAGR of 4.8% and 2.5% respectively from 2012 to 2017.
The Americas and
Europe are the larger MRI markets; however,
Asia and RoW regions are expected to have the highest growth rates for MRI scanners in the near future on account of technological advancements in MRI, rising affordability and increase in awareness amongst patients.
The Americas have the largest share in the Open MRI market on account of the increasing aging populations who are aware of the benefits of early diagnosis. There has also been a steep rise in the number of patients suffering from chronic diseases in this region leading to high usage of Open MRI equipment.
This report provides a holistic view to the overall global MRI market with 8 year market data & forecast based on following segmentation: