'Magnetic Resonance Imaging (MRI) systems market will reach $10.4bn by 2022' predicts visiongain report

A new report by visiongain, a London-based business information provider, predicts that the global market for MRI systems will be worth $10.4bn by 2022. The market generated sales of $4.0bn in 2010.

The medical device industry has witnessed explosive growth in recent years. According to visiongain estimates, the global market was worth $236.1bn in 2010. Much of this growth is linked to the rising prevalence of a number of diseases worldwide; most notably in cardiac and neurological systems. This has fuelled a strong demand for technically advanced medical and diagnostic imaging devices, capable of providing accurate and detailed diagnoses, which can allow earlier and therefore potentially life-saving, medical intervention. Magnetic Resonance Imaging (MRI) represents the fastest growing segment of the global medical imaging market, where in response to patient demand, hospitals and healthcare care providers around the world are upgrading their older equipment with state of the art systems.

Hemant Mistry, healthcare industry analyst, says: “The MRI market continues to grow despite the global economic uncertainty and healthcare cutbacks being witnessed in a number of countries worldwide. This is due in part to emerging clinical applications and the new trend of hybrid technology, which provides systems with the ability to capture images both anatomically and functionally. For example, the combination of MRI with other imaging modalities, such as Positron Emission Tomography (PET) scans, has allowed for the imaging of cartilage damage, previously thought unreliable. Indeed, experts claim this technique could replace the use of arthroscopy in the near future. These factors, coupled with the worldwide aging population, increased applications and technological innovations, will drive the growth of the MRI systems market, which is poised to become the largest segment of the global medical imaging devices market.’

Visiongain’s research also suggests that the world MRI systems market may benefit from globalisation. While developed markets such as the US and Western Europe are steadily reaching saturation, the focus on new product development is likely to be in emerging countries, such as India and China. The emerging countries offer huge opportunities, owing to the low density of MRI scanners in these regions. Also, as a result of these countries’ rapidly growing economies, there is an increased focus towards healthcare spending from their respective governments. Furthermore, growth in these countries will trigger increased awareness and adoption globally, which will further strengthen the global market.

Visiongain predicts that the MRI systems market will grow rapidly to 2022. The future of the MRI systems market appears promising and has significant potential for growth and investment with the increasing demand for improved diagnostic and medical imaging equipment. This new report adds to visiongain’s wide range of analytical reports in healthcare and other industry areas.

For sample pages and further information concerning the visiongain report Magnetic Resonance Imaging (MRI) Systems: Global Market Outlook 2012-2022 please visit http://www.visiongain.com/Report/793/Magnetic-Resonance-Imaging-%28MRI%29-Systems-Global-Market-Outlook-2012-2022

For an executive summary or to order it today please contact:
Email: Sara Peerun on sara.peerun@visiongainglobal.com
Tel: +44 (0) 20 7336 6100

About visiongain

Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors.

Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on.

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This release was published on openPR.