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The 'Magnetic Resonance Imaging ( MRI ): Advanced Technologies and Global Forecast (2010 - 2015)' studies the MRI market based on technologies and applications and analyzes major market drivers, restraints, and opportunities for the magnetic resonance imaging systems market in North America, Europe, Asia and ROW (Rest of the World).

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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 sub-market 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 technological 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. Thus, the 1.5T systems are considered as 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.

Source: MarketsandMarkets