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San Jose, California (PRWEB) November 10, 2011

Follow us on LinkedIn Global market for MRI systems is expected to grow backed by advancements in MRI technology and usage of MRI in newer applications such as identification of multiple sclerosis, among others. The market managed to sustain positive growth during recession due to the continuous improvements in the image quality and equipment features. Further, the development of newer techniques for imaging of specific portions of brains complex structure is driving growth in the MRI market. MRI is also finding use in conjunction with other modalities for achieving higher levels of image clarity. Also, 3-D MRI is expected to find use as a substitute for arthroscopy. The ability of MRI systems to image functionally as well as anatomically has allowed the technology to find footing in the diffusion and perfusion imaging, and surgical planning and navigation fields. The market is also witnessing a trend towards development of hybrid systems and integrated technology. Equipment incorporating innovative advancements such as improved temporal resolution, reduced exposure to radiation and reduced scanning time are expected to fuel market growth.

Globally, the expanding use of MRI technology into newer geographical regions is expected to fuel market growth. Europe is a more mature market for MRI systems akin to the US and increasing applications in areas such as breast, neurology and cardiac divisions would drive MRI market in Europe. Among the Asian countries, Japan continues to adopt newer technologies faster, thereby enabling the introduction of novel 3.0T equipment in Japanese market. Major economies such as North America, Europe, and Japan are expected to witness a decrease in market share while newer markets improve their share in the market.

As stated by the new market research report on Magnetic Resonance Imaging (MRI) Equipment, the US represents the largest regional market. The market is witnessing increasing use of dedicated systems meant for specific application including heart, brain and orthopedics. Very High-Field Systems represent the fastest growing segment as hospitals and clinics upgrade old equipment with next state-of-the-art systems. Technological advancements and aging baby-boomer population are forecast to propel growth of the market. In developing countries of Asia-Pacific and Latin America, technological advancements and increased utilization of imaging equipment are major drivers of growth in the MRI market.

In value terms, MRI equipment market in Asia-Pacific is poised to grow at the fastest compounded annual growth rate of 8.2% over the analysis period. Improved spending capability and greater awareness about healthcare services is fuelling demand for MRI technology across Asian countries. The region holds enormous growth potential, particularly from countries with large population base such as India and China. The demand is anticipated primarily from stand-alone imaging facilities, and private hospitals, as compared to public hospitals. The MRI equipment market is also likely to gain from the rising incidences of neurological, oncological, and cardiac diseases in the region. Among various segments, Closed MRI Systems, with their capability to deliver high clinical value account for largest share of the market. However, Open MRI Systems is expected to register fastest growth with a CAGR of 8.3% over the analysis period.

Major players profiled in the report include Esaote SPA, FONAR Corporation, GE Healthcare, Hitachi Medical Corporation, IMRIS Inc., Medinus Co., Ltd., Medtronic Navigation Inc., Millennium Technology Inc., Philips Healthcare, Shenzhen Anke High-tech Co., Ltd., Siemens Healthcare, Toshiba Medical Systems Corp., Beijing Wandong Medical Equipment Co., Ltd, and Koninklijke Philips Electronics N.V.

The research report titled Magnetic Resonance Imaging (MRI) Equipment: A Global Strategic Business Report announced by Global Industry Analysts Inc., provides a comprehensive review of the Magnetic Resonance Imaging (MRI) Equipment market, current trends, growth drivers, new product introductions, recent industry activity, and focus on major global market players. The study analyzes market data and analytics in terms of value and volume sales for the global market by the following regions – US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific, Latin America, and Rest of World. Key product segments analyzed include Closed MRI Systems and Open MRI Systems. In addition, the US Market for MRI Equipment is analyzed by Magnetic Field Strength, namely Low & Mid-Field Systems, High Field Systems and Very-High Field Systems.

For more details about this comprehensive market research report, please visit http://www.strategyr.com/Magnetic_Resonance_Imaging_MRI_Equipment_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

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Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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San Jose, California (PRWEB) November 21, 2011

Follow us on LinkedIn 3D medical imaging technology represents an advanced integrated solution in the field of medical imaging for making faster and accurate diagnosis possible and improving patient throughput as well. This in turn helps in achieving higher success rates through better treatment outcomes. Advanced capabilities, such as 3D and 4D imaging, are now a reality given the technological innovations that have made computing of multiple probe signals in a given time possible, across various imaging modalities. Above all, the 3D imaging has given the ultrasound segment a major thrust during the past few years. From a technological perspective, developments in this promising field have been rapid and also driven by the growing inclination towards portable light weight and 3D imaging equipment.

As stated by the new market research report on 3D Medical Imaging, Europe represents the largest regional market, although the US constitutes the single largest market globally. The escalating usage of MRI, CT, and ultrasound imaging has fuelled growth of the European market for 3D medical imaging market. In Europe, the 3D imaging segment has expanded over the recent years as applications became increasingly affordable. In addition, there is an increasing popularity for 3D as a tool for rapid diagnosis that is capable of tackling large amounts of medical data produced daily in hospitals across Europe, resulting in enhanced workflow efficiency.

Asia-Pacific is likely to emerge as the fastest growing market with a CAGR of 17.5% over the analysis period. MRI & CT represents the largest segment, and is projected to record the fastest CAGR of 14% over the analysis period. Characterized by the larger population, increasing number of hospitals and diagnostic centers, as well as supported by a fair knowledge of advanced technologies and increasing purchasing power, Asia-Pacific represents a potential market for 3D medical imaging. The market for overall diagnostic imaging equipment in emerging markets, such as Brazil, India, and China is increasing. These countries, where the public healthcare systems are traditionally impoverished and substandard, struggle to offer adequate healthcare to the people. Several factors, such as the increasing personal incomes and improved healthcare funding by the government, encouraged many facilities to procure sophisticated diagnostic imaging equipment. Growing sales of innovative equipment, catering to high-end hospitals and growing middle class population, would also lead to the rapid growth of the market in all the three countries. The adoption of advanced technologies by many of the high-end urban hospitals would rapidly drive diagnostic imaging revenues in all the three countries in the coming years.

The ultrasound equipment market globally managed to weather challenges posed by the economic slowdown and witnessed recovery in 2010. Additionally, improvements in the Ultrasound technology, coupled with the persistent uncertainty regarding the cost-efficiency and safety of MRI and CT modalities, and expanding utilization of the modality in latest clinical applications, is set to make ultrasound a primary medical imaging option in the coming years. Technological advancements in MRI are currently targeted at increasing contrast image and resolution, improving workflow, increasing patient throughput and reducing scan time, apart from the bore size. In fact, the primary focus is currently on patient comfort improvements and production maximization.

Select major players profiled in the report include Barco NV, GE Healthcare, Hitachi Aloka Medical Ltd., Philips Healthcare, Samsung Medison America Inc., Siemens Healthcare, The Esaote Group, TomTec Imaging Systems GmbH, Toshiba America Medical Systems, among others.

The research report titled 3D Medical Imaging: A Global Strategic Business Report announced by Global Industry Analysts Inc., provides a comprehensive review of 3D Medical Imaging, the software and workstations used in MRI and CT, and Ultrasound machines, market dynamics and trends, product overview, competitive scenario, recent industry activity, recent product introductions/innovations, and profiles of select major global and niche market participants. The report provides annual value sales estimates and projections for 3D Medical Imaging Software and Workstations used in MRI and CT, and Ultrasound machines market for the years 2009 through 2017 for the following regions – US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of World. Also, a six-year (2003-2008) historic analysis is provided for additional perspective. The report analyzes the 3D Medical Imaging market by the following modalities MRI and CT, and Ultrasound.

For more details about this comprehensive market research report, please visit http://www.strategyr.com/3D_Medical_Imaging_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.

Telephone 408-528-9966

Fax 408-528-9977

Email press(at)StrategyR(dot)com

Web Site http://www.StrategyR.com/

###

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