Magnetic resonance imaging (MRI) is a scanning technique that uses strong magnetic field and radio waves to produce detailed images of internal structure of body. These images are displayed on a computer screen using various software. To obtain better images, contrast agent (Gadolinium) is given intravenously to obtain better resolution image after scanning in some cases. MRI has application in diagnosis and monitoring treatment for variety of chronic conditions within brain, chest, abdomen and pelvis.
Constant introduction of advanced disease diagnostic technologies is primarily boosting the growth. Rapid growth of MRI sector is attributed to the rising prevalence of chronic diseases which require early diagnosis and timely treatment to prevent late stage complications. Also, rising number of road accidents leading to injuries and complications are augmenting the demand for this modality. The musculoskeletal and spine injuries also demand for these systems for better diagnosis using high-resolution scanning technique.
On the other hand, high cost and requirement of qualified professional to operate the device are some of the major factors challenging the growth of the MRI market. Moreover, prolonged life span of these devices is resulting in delayed repeat purchase and thereby hindering the market growth.
Very few players such as Siemens AG; Koninklijke Philips N.V.; GE Healthcare; Hitachi Medical Systems that are leading the industry. These players hold a strong position in the global market due to commercial availability of their products across the globe and strong brand identity. Some other players operating in this market include but are not limited to Toshiba Corporation; Aurora Imaging Technologies, Inc.; Esaote SpA; Sanrad Medical Systems Pvt. Ltd. Inc.
Market players are adopting various strategies such as collaborations and mergers and acquisitions to remain competent. For instance, Aurora Imaging Technology signed a distribution agreement with Sumec Group Corporation. Under the terms of agreement, Sumec Corporation is distributing Aurora Imaging Technology’s MRI system in China. The agreement provided a platform for both the companies to expand their diagnostics and screening market for breast scans using Aurora MRI system in China.
Factors such as the growing worldwide prevalence of HIV/AIDS, increasing number of blood transfusions and blood donations, benefits offered by point-of-care instruments and kits, and increasing government initiatives are expected to drive the growth of the market worldwide.The HIV diagnosis market is projected to reach USD 3.88 Billion by 2021 from USD 2.35 Billion in 2016, at a CAGR of 10.5% from 2016 to 2021.Market DynamicsDrivers+ Growing Worldwide Prevalence of HIV/Aids+ Increasing Number of Blood Transfusions and Blood Donations+ Benefits Offered By Point-Of-Care Instruments & Kits+ Increasing Government InitiativesRequest for Free Sample Pages – https://www.marketsandmarkets.com/requestsampleNew.asp?id=66008285AIDS is a major public health concern with a prevalence rate that has increased dramatically in the past two decades.
This increase in the prevalence of HIV, and the subsequent increase in the number of patients suffering from AIDS, has resulted in an increase in the demand for advanced technologies for HIV diagnostics.According to the World Health Organization (WHO), in 2016, around 36 million people were diagnosed with HIV globally, of which 2.1 million were reported to be cases of new HIV infections.
Globally, 1.1 million people died from HIV-related causes in 2015.
According to the CDC, in 2015, more than 1.2 million people in the U.S. were reportedly infected with HIV, and almost 19% of these were not aware about their status.According to Canada’s source for HIV, the CATIE, in 2014, 75,500 Canadians were found to be HIV-infected, and HIV incidence has increased by 9.7% since 2011.
According to the Robert Koch Institute, there were 84,700 individuals with HIV in Germany in 2016 and more than 3,200 new cases of HIV in 2015.
According to AVERT, in 2015, 5.1 million people were living with HIV/AIDS in Asia, of which only 64% population were aware about their HIV status.
Serious causes of secondary headache include brain tumors, stroke and brain hemorrhage.
Patients having very severe headache, thunderclap headache or sudden change in pattern of long duration headache or having associated symptoms like: vision loss, frequent vomiting, seizures and drowsiness may have serious disease.
This type of headache requires brain scan (CT or MRI Scan).
It may also require surgery depending on the pathology.
Brain tumour biopsy or surgery may be required to know the tissue diagnosis or to relieve the headache and other associated neurological symptoms.
The global medical electronics market is expected to reach USD 219.0 billion by 2024, according to a new report by Grand View Research.
Increasing geriatric population coupled with sedentary lifestyle contributes to chronic cardiovascular, gastrointestinal, and respiratory disorders.Diagnostic applications of medical electronics are fueled due to growing awareness about healthcare amongst people.
Population in developed countries opts for early diagnosis for effective treatment and cure.
Growing number of accidents and permanent injuries also contribute to this upsurge.
Improving healthcare facilities eases the procedures of reimbursements and related medical procedures even in developing countries.Industry players are focused on the commercialization of new technologies and integrated systems.
All these factors are expected to act as a catalyst for the market growth over the forecast period.The largest application of medical electronics is in the field of diagnostics, especially imaging.
