Europe Magnetic Resonance Imaging Devices Market By Field Strength (Low-To-Mid-Field MRI Systems (<1.5T), High-Field MRI Systems (1.5T to 3T), Very-High-Field MRI Systems (4T and Above)), Architecture (Closed MRI Systems, Open MRI Systems, Standard Bore MRI, Wide-Bore MRI), Application (Oncology, Musculoskeletal, Cardiology, Gastroenterology, Neurology, Others), End-Use (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others), Country (Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe), Market Trends and Forecast to 2027
Market Analysis and Insights: Europe Magnetic Resonance Imaging Devices Market
Magnetic resonance imaging (MRI) is a medical imaging tool used in radiology to produce images of the body's structure and physiological processes. MRI scanners utilize strong magnetic fields, magnetic field gradients, and radio waves to generate body organ pictures. MRI does not require X-rays or the use of ionizing radiation which separates it from CT or CAT scans and PET scans. Magnetic resonance imaging is a scientific use of nuclear magnetic resonance imaging (NMR). NMR can also be used for imaging in other NMR applications, such as NMR spectroscopy.
Magnetic resonance imaging devices market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 2.99 billion by 2027 growing at a CAGR of 4.33% in the above-mentioned forecast period. The growth in market value can be attributed to increasing geriatric population and advancement in scanning techniques.
Discovery of new helium deposits along with growing awareness among people on early diagnosis are some major opportunities that will impact this markets growth in the forecast period of 2020 to 2027.
Some other factors hampering the growth of Europe magnetic resonance imaging devices market includes high cost for MRI services and incompatibility with MRI devices in some patient populations, along with decreased reimbursement rates of MRI treatments and unclear results for health reforms.
This magnetic resonance imaging devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on magnetic resonance imaging devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Magnetic resonance imaging devices Market Scope and Market Size
Magnetic Resonance Imaging Devices Market is segmented on the basis of field strength, architecture, application and end-use. Growth between segments helps you analyse niche growth pockets and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on the field strength, Europe magnetic resonance imaging devices market is segmented into three segments as low-to-mid-field MRI systems (<1.5T), high-field MRI systems (1.5T to 3T) and very-high-field MRI systems (4T and above). High-field MRI systems (1.5T to 3T) is sub-segmented into 1.5T MRI systems and 3T MRI systems.
- Based on the architecture, this market is segmented into closed MRI systems, open MRI systems, standard bore MRI and wide-bore MRI.
- Based on the application, this market is segmented into oncology, musculoskeletal, cardiology, gastroenterology, neurology and others.
- Europe magnetic resonance imaging devices market is also segmented based on end-use and is segmented into hospitals, imaging centers, ambulatory surgical centers and others.
Magnetic Resonance Imaging Devices Market Country Level Analysis
Magnetic resonance imaging devices market is analysed and market size information is provided by country, field strength, architecture, application and end-use as referenced above.
The countries covered in the market report are Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia and Rest of Europe in the Europe.
The country section of the magnetic resonance imaging devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Europe magnetic resonance imaging devices market report also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for magnetic resonance imaging devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the magnetic resonance imaging devices market. The data is available for the historic period 2010 to 2018.
Europe Magnetic Resonance Imaging Devices Market Recent Developments
- In April 2019, Biotronik, Inc. has launched Rivacor and Acticor cardiac resynchronization therapy defibrillator (CRT-D) and implantable cardioverter defibrillator (ICD) in Europe as world’s smallest CRT-D and ICD devices that are approved for 3T full-body magnetic resonance imaging (MRI) scans. With the launch of this product, the company will expand its product portfolio which helps to increase sales and revenue of the company.
- In February 2019, Axonics Modulation Technologies, Inc. has been given CE clearance for 1.5T and 3T full-body magnetic resonance imaging state branding for the Axonics r-SNM device. The only implantable SNM system known as the Axonics r-SNM system has received a full-body, conditional MRI label for sale in Europe. With the approval for this product, the company expands its business as well as product portfolio to grow its sales and revenue.
Competitive Landscape and Magnetic Resonance Imaging Devices Market Share Analysis
Europe magnetic resonance imaging devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to magnetic resonance imaging devices market.
The major players covered in the report are 3M, Medtronic, GENERAL ELECTRIC COMPANY, ESAOTE SPA, Hitachi, Ltd, Siemens Healthcare Private Limited, CANON MEDICAL SYSTEMS CORPORATION, Koninklijke Philips N.V., TOSHIBA CORPORATION, Carestream Health, Hologic, Inc., STERYLAB S.r.l., Wardray Premise Limited, and Medinvent Ltd among other domestic and regional players. Market share data is available for Europe. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Europe Magnetic Resonance Imaging Devices Market
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