Global Advanced MRI Visualization Systems Market 2018-2022 | Rise in the Prevalence of Neurological and Spinal Disorders to Boost Demand | Technavio

October 8, 2018

LONDON--(BUSINESS WIRE)--Oct 8, 2018-- analysts forecast the global advanced MRI visualization systems market to grow at a CAGR of over 8% during the forecast period, according to their latest market research report.

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Technavio analysts forecast the global advanced MRI visualization systems market to grow at a CAGR of over 8% by 2022. (Graphic: Business Wire)

The launch of new contrasting agents for diagnostics is one of the major trends being witnessed in the . Contrasting agents are used in MRI for improving the visibility of internal body organs and structures and are usually administered orally or intravenously.

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According to Technavio analysts, one of the key factors contributing to the growth of the global advanced MRI visualization systems market is the rise in the prevalence of neurological and spinal disorders:

Global advanced MRI visualization systems market: Rise in the prevalence of neurological and spinal disorders

The demand for advanced MRI has been increasing significantly over the last few years due to the rise in the incidence of neurological and spinal disorders across the world. For instance, according to NIH, Parkinson’s disease affects half a million people in the US every year.

According to a senior analyst at Technavio for research on medical imaging, “In all the neurological and spinal disorders, MRI is being used as a diagnostic tool to perform the imaging of the affected body part. For instance, in the case of neurological disorders, the imaging of the brain is necessary to check the severity of the condition. The use of advanced MRI helps in showcasing better imaging in terms of quality and accuracy, which helps physicians and surgeons take decisions on how to go about the treatment.”

Global advanced MRI visualization systems market: Segmentation analysis

The global advanced MRI visualization systems market research report provides market segmentation by product (ultra-high-field advanced MRI visualization systems and high-field advanced MRI visualization systems), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major products, ultra-high-field advanced MRI visualization systems and high-field advanced MRI visualization systems, the high-field advanced MRI visualization systems segment held the largest market share in 2017, contributing to over 94% of the market. This product segment will dominate the global market throughout the forecast period.

The Americas held the largest share of the market in 2017, accounting for close to 54% share. It was followed by EMEA and APAC respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period.

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Regional comparison Key leading countries

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SOURCE: Technavio Research

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