DUBLIN--(BUSINESS WIRE)--Jul 6, 2018--The "Magnetic Resonance Imaging (MRI) Systems Market by Architecture (Open MRI Systems and Closed MRI Systems (Standard Bore and Wide Bore), Field Strength (Low-to-mid Field, High-field (1.5T and 3T), and Very-high Field) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The MRI systems market is expected to reach USD 7.09 billion by 2023 from an estimated USD 5.85 billion in 2018, at a CAGR of 3.9%.

The key factors driving the growth of this market include, rising awareness about the benefits of early diagnosis, technological advancements leading to the replacement of low-field MRI systems with high-field MRI systems, and discovery of new helium deposits.

On the other hand, the high cost of MRI systems, incompatibility of MRI systems in some patients, and declining reimbursement rates for MRI procedures are likely to restrain the growth of this market to a certain extent.

On the basis of field strength, the MRI systems market is segmented into high-field, low-to-mid-field, and very-high-field MRI systems. The high-field MRI systems held the largest share in this market in 2017. The large share of these systems can be attributed to the replacement of low-field MRI systems with high-field MRI systems, owing to their high throughput and better image quality.

Based on architecture, the global MRI systems market is segmented into closed MRI systems, and open MRI systems. The closed MRI systems segment is further segmented into a standard bore MRI systems and wide bore MRI systems. In 2017, the wide-bore closed MRI systems segment is expected to grow at the fastest CAGR as these systems accommodate large/obese patients as well.

In 2017, Asia Pacific is estimated to account for the largest share of the MRI systems market, followed by Europe. The large share of Asia Pacific in MRI systems market can be majorly attributed to high-growth countries such as China and India, growing awareness regarding the benefits of early diagnosis, and rising disposable incomes in the Asia Pacific region.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 MRI Systems Market, By Field Strength

7 MRI Systems Market, By Architecture

8 MRI Systems Market, By Region

9 Competitive Landscape

10 Company Profiles

Aspect Imaging Aurora Imaging Technology Bruker Canon Medical Systems Esaote S.P.A Fonar GE Healthcare Hitachi Neusoft Medical Systems Philips Shenzhen Mindray Bio-Medical Electronics Siemens Healthineers

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Related Topics:Magnetic Resonance Imaging (MRI)

KEYWORD:

INDUSTRY KEYWORD: HEALTH RADIOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/06/2018 01:36 PM/DISC: 07/06/2018 01:36 PM

http://www.businesswire.com/news/home/20180706005363/en