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In the U.S., recent reimbursement changes and the economic downturn have called the expanding use of MRI scanning into question. The North American market is worth $2.3 billion in 2010 and is expected to increase at a 4.4% compound annual growth rate (CAGR) to reach $2.9 billion in 2015.
Europe ranks with the U.S. as one of the most developed MRI markets. Expanding applications in the neurologic, cardiac, and breast MRI areas should drive the EU market. This sector is estimated at $1.2 billion in 2010 and is expected to increase at a 10% compound annual growth rate (CAGR) to reach $1.9 billion in 2015.
Japan remains an early adopter of newer MRI equipment, making it a prime opportunity for newer 3T equipment. This market is valued at $1 billion in 2010 and should reach $1.3 billion in 2015, a compound annual growth rate (CAGR) of 4.3%.
INTRODUCTIONREASONS FOR DOING THE STUDYMedical imaging costs make up one of the fastest-growing components of overall healthcare costs, and medical resonance imaging (MRI) is one of the leading imaging technologies used by healthcare providers. Whether the imaging is done for diagnostic or interventional reasons, the market for MRI is expanding.
Medical imaging through the use of MRI equipment accounts for approximately 25% of the medical imaging tec