由 Carol Ko
, Staff Writer | October 10, 2013
According to a new market research report by BCC Research, higher tesla strength scanners and growth in underserved markets in developing countries will drive MRI system sales in the future.
Data from BCC Research shows that the global market for MRI systems was valued at $4.9 billion in 2012 and is expected to reach $5.4 billion in 2013. The report projects this market to grow to $6.9 billion in 2018 — a five-year compound annual growth rate of 5 percent from 2013 to 2018.
The biggest advance to make an impact on the market is the clinical use of 3-tesla MRI scanners. The resulting improvements in image quality and precision in anatomical structures have expanded MRI's applications in neurology, cardiology, spinal, extremity, and breast areas. In turn, these higher-field scanners have spurred the development of more sensitive, specialized coils and magnets.
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According to the report, reimbursement cuts have led MRI users to increase the use of their MRI equipment to make the most of their purchase, creating a demand for newer equipment that helps users maximize equipment usage.
The market's growth will come from a globally aging population and the resulting rise in chronic diseases and previously underserved markets in developing countries that now have better access to health care.
The report also identifies obstacles to MRI market growth, which include more cost-effective diagnostic imaging alternatives such as X-ray, CT and ultrasound and lack of qualified personnel to conduct and analyze tests.