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What are the Major Drivers, Restraints, Threats, And Opportunities in The Global Magnetic Resonance Imaging (MRI) Compatible Patient Monitoring System Market?
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The information and data in the publication “Global MRI Compatible Patient Monitoring Systems Market Size, Share, Development, Growth and Demand Forecast to 2020” represent the research and analysis of data from various primary and secondary sources. The top-bottom approach has been used to calculate the global MRI compatible patient monitoring systems market. P&S Intelligence analysts and consultants interact with leading companies of the concerned domain to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
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However, certain restraints including strict regulatory requirements for the approval of MRI compatible patient monitoring systems, and high cost of MRI compatible patient monitoring systems are hindering the growth of the global MRI compatible patient monitoring market. The increasing awareness about MRI compatible patient monitoring systems in developing countries, such as China and India, are laying opportunities for the growth of the global MRI compatible patient monitoring systems market. North America dominates the global MRI compatible patient monitoring systems market, due to the presence of developed healthcare infrastructure, high healthcare spending and increasing prevalence of chronic diseases. According to the Organization for Economic Co-operation and Development (OECD), in 2001, the number of MRI units per 1 million inhabitants in Canada and the U.S. were 4.19 and 20.11 respectively, which increased to 8.83 and 35.49 respectively, in 2013.
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Similarly, the Asia-Pacific MRI compatible patient monitoring systems market is expected to grow at the fastest rate during the period 2015 – 2020. According to the OECD, in 2002, the number of MRI units per million inhabitants in Japan was 35.32, which increased to 46.87 in 2011.
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