Advances in Magnetic Resonance Imaging Propelled by Healthcare Outlay

San Francisco, California, August 23, 2017 : The global advances in magnetic resonance imaging (MRI) market is foreseen to profit from elevating healthcare expenditure directed toward more research and development facilities. In a report by TMR Research, titled “Advances in Magnetic Resonance Imaging (MRI) Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” industry players are expected to gain momentum from the greater acceptance of modern MRI systems over conventional medical imaging modalities. As a result, there could be more chances of research and development efforts receiving support in the long run.

The adoption rate of MRI systems is prophesied to rise significantly in the coming years due to the growing incidences of oncological, neurological, and cardiac diseases. This could increasingly benefit the growth of the world advances in MRI market as private hospitals top the demand for MRI equipment in the near future. However, the serious shortage of liquid helium employed for decreasing the temperature of superconducting magnets used in MRI systems is anticipated to obstruct the growth of the market. Furthermore, the likely increase in hospital-grade helium prices could frustrate the demand for advances in MRI.

Nevertheless, MRI technology is projected to experience a telling push in its evolution owing to a profound interest exhibited by technology developers and manufacturers. Consequently, the demand is predicted to make a comeback in the world advances in MRI market. Developers and manufacturers could be looking to keep pace with bettering standards pertaining to positive recordkeeping and patient satisfaction. In this regard, they are forecasted to improve the demand for advances in MRI while working toward making MRI technology more patient-friendly.

If key geographies are concerned, the international advances in MRI market could witness the dominance of developed regions such as Europe and North America. The previous region could follow the latter securing a probable leading share in the market. With a view to improve diagnostics catered to their rising geriatric population, both these regions could supplement the growth of the international market while adopting continuous and aggressive technological developments in the field. On the other hand, Asia Pacific is envisaged to take a different route for progressing in the market. The developing region could exploit the rising demand in its market for posting an exponential CAGR during the forecast period 2017–2025.

Some of the important companies envisioned to make an impressive advancement in the worldwide advances in MRI market could be Esaote S.p.A, Bruker Biospin GmbH, Bayer Healthcare Pharmaceuticals, Advanced Imaging Research, Inc., and Agilent Technologies, Inc. More clarity on the competitive landscape of the market is expected to be provided in the publication.

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