Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets

October 20, 2010

Wellesley, Mass. – According to a new technical market research report, MEDICAL MAGNETIC RESONANCE IMAGING (MRI): TECHNOLOGIES AND GLOBAL MARKETS (HLC078A) from BCC Research (www.bccresearch.com), the global market value of MRI technology is an estimated $6.6 billion in 2010, but is expected to increase to more than $9.7 billion in 2015, for a 5-year compound annual growth rate (CAGR) of 8%.

The largest regional segment of the market, North America, is projected to grow at a CAGR of 4.4% to reach $2.9 billion in 2015. Its value is estimated at $2.3 billion in 2010.

The segment made up of Europe, Eastern Europe and the former Soviet republics is estimated at $1.2 billion in 2010, and is expected to increase at a 5-year CAGR of 10% to reach nearly $1.9 billion in 2015.

The Japan segment is projected to have a 5-year CAGR of 4.3%, rising from more than $1 billion in 2010 to nearly $1.3 billion in 2015.

The Rest of the World segment will have the highest 5-year CAGR at 13.1%, rising from nearly $1.2 billion in 2010 to $2.2 billion in 2015.

Medical imaging costs make up one of the fastest-growing components of overall healthcare costs, and MRI is one of the leading imaging technologies used by healthcare providers. Whether the imaging is done for diagnostic or interventional reasons, the market for MRI is expanding.

Medical imaging through the use of MRI equipment accounts for approximately 25% of the medical imaging technologies used globally. Determining the influence of MR imaging on future healthcare trends and the viability for market expansion in a stringent reimbursement and regulatory environment are key reasons for conducting this market study.

Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets( HLC078A )
Publish Date: Aug 2010    

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