Magnetic Resonance Imaging Market Innovative Strategy By 2027

Magnetic Resonance Imaging Market 2021-2027 Financial Insights, Business Growth Strategies with Competitive Landscape

The Magnetic Resonance Imaging market is expected to grow from USD 1.3 billion in 2019 to USD 1.9 billion by 2027, at a CAGR of 7.9% during the forecast period.

The Magnetic Resonance Imaging market Research study published by MarketInsightsReports, entitled Global Magnetic Resonance Imaging Market Growth 2021-2027 consists of the market share, size, segmentation, and current trends. The study also contains the numerical research of the global Magnetic Resonance Imaging market on a global level and offers planning and designing statistics to boost business development. The report author has included key competitive landscape (upcoming identifiers) on past and future projections of Magnetic Resonance Imaging market industrial growth in forecast time-period. It then sheds light on key development trends, regional application and type wise analysis in the Magnetic Resonance Imaging market report.

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Driver: Technological advancements in the strength of MRI

Advancements in MRI techniques, such as superconducting (SC) magnets, open architecture, high-field MRI, and software applications, are generating interest among academic institutes, research laboratories, hospitals, and physicians. Additionally, the advent of MRI-compatible pacemakers will significantly increase the number of patients eligible for MRI procedures. The growth of MRI systems in developed markets such as North America and Europe is mainly driven by replacement. The prime factors responsible for the new wave of replacement include the introduction of MRI scanners with wider patient bores and replacement of existing MRI systems that have reached optimum utilization

Restraint: High cost of MRI system and incompatibility with some patient populations

MRI machines come in a variety of sizes and magnetic strengths. The average sales price for MRI systems with a magnetic strength of 1.5T and less is approximately USD 1.5 million. While 1.5T MRI systems with superconducting magnets also cost high. Similarly, high-field (3T) MRI systems cost approximately USD 2.5–5 million. Moreover, even refurbished low-field MRI systems can cost USD few millions. The high cost of MRI solutions is expected to restrain the market growth. Moreover, MRI systems might induce malfunctioning or permanent damage to implantable devices such as pacemakers and ICDs. In addition, orthopedic implants such as screws, plates, or artificial joints produce distorted images in an MRI scan. The incompatibility of MRI systems for patients with implants is therefore adversely affecting the growth potential of this market

Top Companies in the Global Magnetic Resonance Imaging Market are - GE Healthcare (US), Bracco Imaging (Italy), Bayer HealthCare (Germany), Guerbet (France), Lantheus (US), Daiichi Sankyo (Japan), Unijules Life Sciences (India), J.B. Chemicals and Pharmaceuticals (India), Spago Nanomedicine (Sweden), Taejoon Pharm (South Korea), Jodas (India), Magnus Health (India)

Magnetic Resonance Imaging Market Segmentation:

This report fragments the Global Magnetic Resonance Imaging Market based on Types are-

Barium-based Contrast Media

Iodinated Contrast Media

Gadolinium-based Contrast Media

Microbubble Contrast Media

Based on Application, the Global Magnetic Resonance Imaging Market are divided into-

Radiology

Interventional Radiology

Interventional Cardiology

Global Magnetic Resonance Imaging Market: Regional Segment-

North America (US, Canada)
Europe (Germany, UK, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Latin America (Brazil, Mexico)
Middle East and Africa

The Study Objectives Of the Magnetic Resonance Imaging Market are:

To Analyse global Magnetic Resonance Imaging status, future forecast, growth opportunity, key market and key players.
To Present the Magnetic Resonance Imaging development in North America, Europe, Asia Pacific, Latin America & Middle East and Africa.
To Strategically profile the key players and comprehensively analyse their development plan and strategies.
To Define, Describe and Forecast the Magnetic Resonance Imaging market by product type, market applications and key regions.

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Some Major Points from Table of Contents:

Chapter 1. Research Methodology & Data Sources
Chapter 2. Executive Summary
Chapter 3. Magnetic Resonance Imaging Market: Industry Analysis
Chapter 4. Magnetic Resonance Imaging Market: Product Insights
Chapter 5. Magnetic Resonance Imaging Market: Application Insights
Chapter 6. Magnetic Resonance Imaging Market: Regional Insights
Chapter 7. Magnetic Resonance Imaging Market: Competitive Landscape

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