According to the report Latin America Closed MRI Systems Market, published by Market Data Forecast, the global market is projected to reach USD 390 million by 2021, at a CAGR of 5.10%, from 2016 to 2021.
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Closed MRI is a scan which utilizes magnetic field and pulses from Radio wave energy to make pictures of internal parts of our body. Closed MRI is generally more powerful with higher field strength and gives clearer images of malfunctioned part of the body.
Closed MRI are completely closed on all sides. Market is expected to increase at a significant rate during the forecast period due to the development of pacemakers.
The MRI technique provides detailed information on clinically relevant images of an organism, both anatomically and functionally, without the use of ionizing radiation.
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This functionality and excellent safety profile of MRI systems makes them indispensable for the detection and assessment of chronic diseases
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Latin America Closed MRI Systems Market: Drivers & Restraints
There are many drivers in this market like developments in MRI techniques, increase in aging population, open architecture, Developing Markets, and software Applications, and development of MRI compatible pacemakers. But some of the factors like draining helium gas deposits high cost of MRI systems, declining reimbursement rates, lack of skilled labor and complexity of machines are restraining the market.
This Another Driver in this region is its availability of advanced technology and high spending limit
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Latin America Closed MRI Systems Market: Segmentation
By Field Strength
- Low to Mid Field
- High Field
- Very High Field
- Ultra High Field
- MY-o-Y Growth Analysis, By Field Strength
- Market Attractiveness Analysis, By Field Strength
- Market Share Analysis, By Field Strength
- Y-o-Y Growth Analysis, By Application
- Market Attractiveness Analysis, By Application
- Market Share Analysis, By Application
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information. Get report at www.marketdataforecast.com/market-reports/latin-america-closed-mri-system-market-2329/customize-report
Latin America Closed MRI Systems Market: Overview
The growth in this market is largely driven by the increasing incidence of cancer, diabetes and chronic diseases owing to the rising geriatric population. Features like visual monitoring, easy start up, mobility of system, steady and continuous infusion of multiple drugs at the same time, patient safety some of the major factors that are furthering the growth of the potential market of advanced infusion systems over conventional ones.
If the training is not good enough, it can lead to increased mortality rate, which is restraining the growth of this market to some extent. The presence of strict regulations for product approval and possible medication errors associated with infusion pump may restrain the growth of the market during the forecast period.
Latin America Closed MRI Systems Market: Region-wise Outlook
Based on Geography, Latin America is further segmented in to Brazil, Argentina, Mexico and the rest of Latin America. Brazil accounts for the largest market share in the region with more than 55% of the market and is expected to lead the market during the forecast period.
Key Questions Answered
- What will be the market growth till 2021 and what will be the resultant market forecast in the year? What was the market size from 2016 to 2021 ?
- What is the current and future Closed MRI Systems Market outlook in Latin America? What trends are affecting the Latin America market?
- What is the competitive landscape and market share of major players in the Closed MRI Systems Market space in Latin America?
- What are the key, high growth markets that Closed MRI Systems Market manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Closed MRI Systems Market Market currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Closed MRI Systems Market?
- What are the challenges and barriers that have hindered widespread adoption of Closed MRI Systems Market?
- A comprehensive mapping of the competitive landscape and the market participants behaviour ?
Latin America Closed MRI Systems Market: Key Players
Key players in the Closed MRI systems market are Hitachi Medical Corporation, Toshiba Medical Systems, Siemens Healthcare, GE Healthcare, Imris Inc., Fonar Corporation, Esaote S.P.A, Neusoft Medical System, Aurora Medical Imaging and Philips Healthcare.
Reasons to access Latin America Closed MRI Systems Market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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