Magnetic Resonance Elastography (MRE) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
- January 2038
- Medical Equipments
- 0 pages
Magnetic resonance elastography (MRE) is a non-invasive medical imaging technique employed by health care professionals and radiologists for in-vivo quantitative assessment of biomechanical properties of the tissues and soft structures in the body. The magnetic resonance elastography (MRE) procedure is based on the magnetic resonance imaging (MRI) technology and is performed by generating shear waves in the tissue under observation, receiving the images, and analyzing the images to develop and assess tissue stiffness. The elasticity imaging technique has various approaches including excitation application, measurement of tissue response to the stress applied, and estimation of mechanical parameters. Magnetic resonance elastography (MRE) has shown promising results over elastography done using Doppler ultrasound, computed tomography, or any other modality.
Increasing incidence of chronic diseases affecting various muscles of the body including lung cancer, cardiovascular diseases such as atherosclerosis and myocardial infraction, breast cancer, and other conditions affecting the skeletal muscles; increasing research & development by research institutes and market players for diversifying the use of magnetic resonance elastography (MRE) technique; and rising awareness about the diagnosis and screening, especially in developing countries, are some of the major factors driving the global magnetic resonance elastography (MRE) market. Increasing per capita health care expenditure in developing countries, expanding usage areas of magnetic resonance elastography owing to rising number of research activities, and improving health care infrastructure in developing countries such as China, India, and Brazil are expected to increase the demand for new and advanced imaging technologies for use in the diagnosis of conditions affecting the soft tissues and the muscles in the next few years. This is expected to drive the global magnetic resonance elastography (MRE) market during the forecast period. However, higher cost of the procedure compared to other imaging techniques and lack of uniformity in reimbursement policies pertaining to diagnostic imaging procedures across the globe are some of the factors expected to restrain the global magnetic resonance elastography (MRE) market during the forecast period.
The global magnetic resonance elastography (MRE) market has been segmented based on application, end-user, and region. Based on application, the market has been divided into hepatic magnetic resonance elastography, breast magnetic resonance elastography, brain magnetic resonance elastography, skeletal muscle magnetic resonance elastography, and others. Among applications, the breast magnetic resonance elastography segment dominated the global market in 2016, owing to increasing prevalence of breast cancer, especially in developing countries, and rising preference by radiologists for the MRE technique over other imaging techniques. The skeletal muscle magnetic resonance elastography segment is expected to register a higher CAGR during the forecast period, as increasing number of health care settings are preferring the MRE technique in the diagnosis of skeletal muscle disorders. Based on end-user, the global magnetic resonance elastography (MRE) market has been divided into hospitals, diagnostic imaging centers, research institutes, and others. The diagnostic imaging centers segment is expected to dominate the global market from 2017 to 2025, owing to increasing number of patients worldwide undergoing diagnostic imaging led by increasing incidence of cancer and neurological disorders, adoption of new and advanced equipment and technologies by diagnostic imaging centers, and rising preference for preventive care in developed countries.
Based on region, the global magnetic resonance elastography (MRE) market has been classified into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2016 and is expected to continue its dominance during the forecast period, owing to high prevalence of breast cancer in the region, high per capita health care expenditure in the U.S., and adequate reimbursement policies in the region. Asia Pacific is expected to witness a large pool of patients undergoing diagnostic imaging procedures in the near future. This is expected to increase the demand for the magnetic resonance elastography technique in the region from 2017 to 2025.
Key players operating in the global magnetic resonance elastography (MRE) market are Resoundant, Inc., Siemens Healthcare Private Limited, and Koninklijke Philips N.V.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Medical Equipments
Medical DevicesImpact of Chinas Medical Devices Market-Thematic Research
Medical DevicesGenomics-Thematic Research