DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/0482c8/global_magnetic_re) has announced the addition of the "Global Magnetic Resonance Imaging (MRI) Market: Advanced Technologies and Global Forecast (2011 - 2016)" report to their offering.
The global MRI systems market is being boosted by technological advancements and the increasing number of MRI applications such as identification of multiple sclerosis. The global MRI market is expected to grow from $4,000 million in 2011 to $4,760 million in 2016, at an estimated CAGR of 3.55% from 2011 to 2016. Closed MRI systems commanded the largest share within the MRI market, mainly due to the high clinical value delivered by the systems.
MRI software is required to increase the quality of the MRI image obtained. It helps in plane adjustment, also provides functional MRI images. All the major players such as, GE Healthcare, Siemens, and Philip Healthcare are actively involved in developing software for MRI. There are institutes such as Massachusetts General Hospital; which are also actively involved in MRI software.
The major restraint for MRI market is that MRI equipment involves high installation and maintenance costs. For instance, the systems require radio frequency (RF) shielding, and helium used for cooling the MRI coils also requires replacement every three years, which increases the maintenance cost of MRI equipment. The major factor driving the MRI market from demand side is the growing population in developing nations and the increase in aging population in developed countries.
MRI market has an opportunity to grow in the developing market such as Brazil, Russia, India, and China. With rising focus on healthcare, there is an increasing expenditure on capital equipments. Moreover, with the advent of colored MRI market, identification of cancerous cells is also possible. MRI is also likely to replace Computed Tomography (CT) for coronary angiography.
Key Topics Covered:
Executive Summary 1 Introduction 2 Summary 3 Mri Market Overview 4 Mri Systems Market 5 Geographic Analysis 6 Competitive Landscape 7 Company Profiles Appendix
Companies Mentioned:
- Analogic Corporation
- Aurora Imaging Technology Inc.
- Bruker Biospin Gmbh
- Esaote S.P.A.
- Fonar Corporation
- Ge Healthcare
- Hitachi Medical Corporation
- Imris Inc.
- Medtronic Surgical Navigation Technologies
- Philips Healthcare
- Shenzhen Basda Medical Apparatus Co. Ltd.
- Siemens Healthcare
- Toshiba Medical Systems Corp
- Insightec Ltd
- Beijing Wandong Medical Equipment Co. Ltd
- Medinus Co. Ltd
- Mr Instruments Inc. (Mrii)
- Noras Mri Products Gmbh
- Xi'an Landcom Digital Medical Science & Technology Co. Ltd
- Xinaomdt Technology Co. Ltd
For more information visit http://www.researchandmarkets.com/research/0482c8/global_magnetic_re