© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Magnetic Resonance Imaging (MRI) Systems Market share to hit $8.5 bn by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Global Market Insights, Inc. says, Magnetic Resonance Imaging (MRI) Systems Market size is set to exceed USD 8.5 billion by  Increasing geriatric population will drive market growth over the forecast years. Ageing increases the risk of acquiring degenerative disc disease owing to several bodily changes such as development of tiny cracks in the spinal discs and loss of spinal fluid.  Increasing chronic disease prevalence along with growing awareness pertaining to early disease diagnosis serve as high impact rendering factors.  Several advancements have taken place in the recent past, especially with respect to software which have simplified imaging workflow and reduced scan time.  However, lack of skilled technicians and radiographers required for operating and maintaining the machines impedes industry expansion.  Apart from high machine purchase costs, additional expenditures are incurred on establishing an MRI suite, patient support areas, machine installation and servicing. Key Insights from Magnetic Resonance Imaging (MRI) Systems Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Closed MRI machines dominated the magnetic resonance imaging systems market in Closed magnet configuration consists of a tube-like tunnel in which the patient is made to lie for conducting the scan.  Low to medium MRI scanners market is poised to witness significant growth over the forecast years. Benefits such as open design, comparatively lower purchase and operational costs, lower fringe field and energy deposition in tissues should boost adoption rates.  Hospitals as end users held the largest market share. Increasing number of hospitals owing to development of healthcare infrastructure will further fuel segment expansion.  Germany magnetic resonance imaging systems market held significant industry share. Increasing proportion of elderly population coupled with growing occurrence of chronic disease should drive industry growth.  Prominent industry participants include GE Healthcare, Siemens, Koninklijke Philips N.V., Hitachi and Toshiba. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S. Magnetic Resonance Imaging (MRI) Systems Market size, By Field Strength, (USD Million)

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