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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