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Magnetic Resonance Imaging (MRI) Market by Type, Application, Element, Trends and Forecast to 2022

2018-07-03 23:46:17 | Medical Devices News
The global magnetic resonance imaging (MRI) market was valued at $5,351.7 million in 2015, and it is expected to grow at a CAGR of 5.0% during 2016-2022. Based on architecture of MRI, the open MRI segment is expected to witness the faster growth at a CAGR of 7.8%, during the forecast period.

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MRI is a non-invasive radiology technique used for the diagnosis, assessment, and treatment of medical conditions. It uses strong magnetic field, radio frequency pulses and a computer to produce detailed image of soft tissues, organs, bones, and other internal body structures. MRI scan is used to examine musculoskeletal injuries, sports injuries, alignments of brain, vascular abnormalities, prostrate problem, female pelvic problem, gastrointestinal tract condition, soft tissue and bone pathology or condition and some of the ear, nose and throat conditions.

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Geographically, North America dominated the global market of MRI in 2015; whereas the Asia-Pacific market is expected to witness the fastest growth, a CAGR of 5.8%, during the forecast period.

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Some of the key companies operating in the global MRI market include Siemens AG, Koninklijke Philips N.V., General Electric Company, Hitachi Ltd., Toshiba Corporation, Aurora Imaging Technologies, Inc., and Esaote SpA,

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