Hospitals segment to dominate the United States MRI Market
Increasing occurrence of
chronic diseases and favourable reimbursement policies is expected to drive the
demand for United States MRI market for the forecast period.
According to TechSci Research report, “United
States MRI Market By Field Strength (High-Field MRI Systems (1.5t MRI
Systems, 3t MRI Systems), Low-To-Mid-Field MRI Systems (<1.5t),
Very-High-Field MRI Systems (4t and Above)) By Type (Fixed, Mobile) By Architecture
(Closed MRI Systems and Open MRI Systems) By Application (Brain and
Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac, Others)
By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others)
By Company, By Region, Forecast & Opportunities, 2026”, The United
States MRI market is expected to witness significant growth for the next five
years. Magnetic resonance imaging MRI is a noninvasive diagnostic methodology
which provides three-dimensional view of organs and joints by generating
computerized images. MRI finds application in treatment of diseases such as
spinal infections, spinal tumors, vertebral osteomyelitis, Scheuermann’s
disease as these diseases require early diagnosing to ensure effective
treatment. There is high demand for open MRI systems as they are less enclosed than
the closed MRI systems and therefore are suitable for patents suffering from
anxiety.
The COVID-19 outbreak across the world which has been
declared as pandemic by World Health Organization has affected countries
adversely. Leading authorities in United States imposed lockdown restrictions
and released a set of precautionary measures to contain the spread of novel
coronavirus. Coronavirus affected patients started suffering from shortness of
breath along with coughing and sneezing which created lucrative opportunities
for the growth of the MRI market. United States authorities increased the
capacity of hospitals as a greater number of patients were getting affected daily
and getting admitted into the hospital facilities. MRI is used to for early
diagnosis in a short time. These are also used to study the effect of
coronavirus on adult and children and response of the treatment by giving
several combinations of drugs to patients. Rising demand for advanced lung
imaging solutions and the need for more effective treatment is fostering the
growth of MRI market. Therefore, MRI market is positively impacted by the
coronavirus pandemic.
However, stringent regulations and policies and high
cost of buying and installing MRI machines may create hindrance in the growth
of the MRI market.
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United
States MRI market is segmented into filed strength, type, architecture,
application, end user, regional distribution, and company. Based on end user,
market is further bifurcated into hospitals, imaging centers, ambulatory
surgical centers and others. The hospital segment is expected to account for
major market share for the forecast period, 2022-2026. Surge in demand for
rapid MRI in emergency and trauma centers is boosting the market growth.
Growing installation of MRI machines in hospital units and teaching hospitals
is contributing significantly to the rise of the MRI market. Based on application,
market is majorly categorized into brain and neurological, oncology, spine and
musculoskeletal, abdominal, cardiac and others. The brain and neurological
segment is expected to dominate the MRI market as they produce superior quality
images than the conventional technologies used for scanning. Based on field strength,
market is fragmented into high-field MRI systems (1.5t MRI systems, 3t MRI
systems), low-to-mid-field MRI systems (<1.5t) and very-high-field MRI
systems (4t and above). The very-high-field MRI systems segment is anticipated
to hold lion’s share for the predicted period as it finds application in
research and development activities.
GE
Healthcare, Philips Healthcare (USA), Siemens Medical Solutions USA Inc., Canon
Medical Systems USA, Inc., Hitachi Medical Systems America Inc., Hologic, Inc.,
Aurora Imaging Technologies, Inc., Fonar Corporation, Esaote North America,
Inc., Alltech Medical Systems America, Inc. are the leading players operating
in United States MRI market. Manufacturers are increasingly focusing on research
and development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several MRI manufacturers
are coming up with their technologically advanced offerings.
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“Advancements
in technology used in MRI machines such as visualization software, open MRI and
superconducting magnets is ensuring faster contract scans and quick results is
boosting the adoption of MRI machines. Also, the use of intravenous injections
which uses paramagnetic contrast agents to get clear, sharp, and accurate
images in a short duration of time is expected to increase the demand of MRI
machines. Innovations in MRI machine technology such as neuroimaging, MR
spectroscopy and the use of intraoperative MRI in neurosurgery is expected to
propel the MRI market growth until 2026” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“United States MRI Market
By Field Strength (High-Field MRI Systems (1.5t MRI Systems, 3t MRI Systems),
Low-To-Mid-Field MRI Systems (<1.5t), Very-High-Field MRI Systems (4t and
Above)) By Type (Fixed, Mobile) By Architecture (Closed MRI Systems and Open MRI
Systems) By Application (Brain and Neurological, Oncology, Spine and
Musculoskeletal, Abdominal, Cardiac, Others) By End User (Hospitals, Imaging
Centers, Ambulatory Surgical Centers, Others) By Company, By Region, Forecast
& Opportunities, 2026” has evaluated
the future growth potential of United States MRI market and provided statistics
& information on market size, shares, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the of United States MRI market.
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