Pramod Kumar

11 months ago · 1 min. reading time · ~10 ·

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Increasing Demand for MRI Exams Fueling Sales of MRI Compatible Patient Monitoring Systems

Increasing Demand for MRI Exams Fueling Sales of MRI Compatible Patient Monitoring Systems

The increasing number of MRI exams being conducted in several countries is massively pushing up the demand for MRI compatible patient monitoring systems across the world. As per the Annual International Profiles of Health Care Systems Commonwealth Fund published by the Commonwealth Fund, the U.S., France, and Germany were some of the major countries in the world that saw the highest number of MRI exams of people per 1,000 population in 2014.

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According to various reports, there were 114.3, 95.5, and 109.5 MRI exams done per 1,000 people in Germany, France, and the U.S. in 2014. Furthermore, the increasing number of product launches and the surging research and development (R&D) projects and activities in several countries are propelling the demand for MRI compatible patient monitoring systems across the world. Besides these factors, the soaring public awareness about healthcare is also pushing up the demand for MRI compatible patient monitoring systems. 

The rising usage of these systems, especially in the developing countries such as China and India is creating lucrative growth opportunities for the companies manufacturing MRI compatible patient monitoring systems. Moreover, the rising prevalence of chronic diseases is massively pushing up the requirement for MRI scans, on account of the fact that these scans are required for diagnosing chronic diseases. Due to these factors, the sales of MRI compatible patient monitoring systems are rising sharply across the world. 

This is driving the advancement of the global MRI compatible patient monitoring system market. Across the globe, the sales of these systems are predicted to rise sharply in the Asia-Pacific (APAC) region in the coming years. This will be because of the increasing installation of MRI units in the regional countries. As per the Organization for Economic Cooperation and Development (OECD), in Japan, the total number of MRI units per one million citizens was 35.3 in 2002.

Therefore, it can be said with certainty that the demand for MRI compatible patient monitoring systems will shoot-up all over the world in the future years, mainly because of the rising incidence of various lifestyle-associated and chronic diseases and the increasing number of MRI exams in various countries. 

Source: P&S Intelligence

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