MRI Global Market Predicted to Be Worth Nearly US$6 Billion by 2015

The global magnetic resonance imaging (MRI) market is expected to grow at an estimated Compound annual growth rate (CAGR) of 5.5% from 2010 to 2015, according to a recent market research report.

The closed MRI systems submarket commanded the largest share within the MRI market. This is mostly due to the high clinical value delivered by the systems. Increasing applications such as identification of multiple sclerosis and technologic advancements are driving the global MRI systems market, according to MarketsandMarkets (Dallas, TX, USA), a global market research and consulting firm. MarketsandMarkets studied the MRI market based on technologies and applications and analyzed major market drivers, restraints, and opportunities for the MRI systems market in North America, Europe, Asia, and ROW (rest of the world).

The global MRI market is expected to grow from $4,470.5 million in 2010 to $5,844.4 million in 2015, at an estimated CAGR of 5.5% from 2010 to 2015. The closed MRI systems submarket commanded the largest share within the MRI market. This is mainly due to the high clinical value delivered by the systems. Increasing applications such as identification of multiple sclerosis and technologic advancements are driving the global MRI systems market.

The high-field MRI market commands the largest share of the overall MRI market in terms of value. Therefore, the 1.5T systems are considered as the gold standard of the industry and systems with field strengths of 1.5T is highly manufactured. The applications of such MRI systems include brain exploration, pulmonary MR angiography, peripheral MR angiography, bone and joint imaging, abdominopelvic imaging, and cardiac imaging.

MarketsandMarkets publishes about 120 qualitative market research reports per year across 10 main industries

Related Links:
MarketsandMarkets