An aging population and increasing awareness of the benefits of MRI are among the reasons why the global market for "closed" MRI scanners could reach $6.06 billion by the end of the decade.
A new report by MicroMarket Monitor predicts that advances in MRI techniques, including superconducting magnets, open architecture, high-field MRI, and software applications, will also fuel growth.
The global market for closed MRI systems will climb from $4.71 billion in 2014 to $6.06 billion by 2019, at a compound annual growth rate of 5.2%, according to the firm. However, the high cost of MRI systems; less availability of helium, which might force hospitals to replace costly magnets; and declining reimbursement rates for MRI procedures could adversely affect global growth.
As of last year, North America dominated the global market, with an approximate share of 31%, followed by Europe.
