The Business Research Company’s Magnetic
Resonance Imaging Devices And Equipment Market covers market
characteristics, size and growth, segmentation, regional and country
breakdowns, competitive landscape, market shares, trends and strategies for
this market.
The magnetic resource imaging
devices and equipment market consists of sales of magnetic resource imaging
systems devices and equipment and related services. Magnetic resonance imaging
(MRI) systems are imaging machines used to form pictures of inflammation or
infection in an organ, degenerative diseases, strokes, musculoskeletal
disorders, tumors, and other irregularities that exist in tissue or organs in a
body. MRI systems use a fixed or static magnetic field and radio frequency
signals to visualize anatomy, tissue characteristics, vascular flow, chemical
composition of tissues, and perfusion and diffusion of tissues.
Major players in the market are Siemens Healthineers, GE Healthcare,
Philips Healthcare, Hitachi Ltd. and Canon Medical Systems.
Changes in the lifestyle,
technological advancement and increase in number of chronic diseases are
increasing the demand for the diagnostics, driving the growth of MRI systems
market. Magnetic resonance imaging (MRI) systems are used to produce three dimensional
detailed anatomical images of the human body facilitating diagnosis, disease
detection and treatment monitoring. The rising health concerns are increasing
the demand for medical imaging technologies in healthcare centers for
diagnosis. For instance, in India, 150,000 health and wellness centers with a
budget of $ 1.8 billion enable the healthcare system more accessible.
Increasing health consciousness and importance to health insurance is also
causing significant growth in the market.
Strict approvals and regulations
by government bodies such as US Food and Drug Administration (FDA) is hampering
the growth of magnetic resonance imaging systems, devices and equipment market.
MRI systems manufacturers are required to comply several regulations in the form
of device quality check, labeling, premarket approval, device investigation and
reporting, apart from the regular registration process. Due to these stringent
regulations, many manufacturers prefer to outsource the manufacturing to other
countries where no such regulations are imposed. For instance, in July 2017,
the European Medicines Agency (EMA), restricted the use of some linear
gadolinium agents used in MRI body scans and to suspend the authorizations of
others, as the gadolinium deposits are found in the brain after MRI scans. EMA
has recommended these restrictions and suspensions in order to prevent any
risks that could potentially be associated with gadolinium brain deposition.
View complete Report: https://www.thebusinessresearchcompany.com/report/magnetic-resonance-imaging-devices-and-equipment-global-market-report
The EU agencies and US-FDA
require 3 to 7 years along with all parts of the registration dossier to be
submitted to approve the medical devices. The US-FDA assess each technical
section for 6 months which may increase to another 6 months cycle if
questions/concerns are raised. However, the technical sections’ assessment is
done simultaneously and therefore the manufacturers should identify the time
taking processes and plan the work accordingly and plan estimated date of
approval.
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