Changing in the life style of population leads to various types of degenerative and chronic disease that affects the biological structure. In support to biological structure, various types of devices are implanted in human body that helps in replacing and enhancing the biological structure. These medical implants are man-made devices that are introduced in human body through surgical procedures and are left in the body after treatment. These devices are mostly implanted in geriatric population suffering from organ degeneration. During Magnetic Resonance Imaging (MRI) procedure some implant devices may fail to provide necessary treatment and compromise on patient safety which can lead to severe harm or death of the patient. To overcome this problem, many companies are trying to develop various type of implantable devices with non-ferromagnetic materials that overcome the harmful effect of MRI on patient.
Global MRI safe implantable device market is witnessing high growth owing to shifting lifestyle choices, high incidence of degenerative and chronic disease, rising geriatric population and technology advancement in implantable devices such as high-field MRI, software applications, superconducting magnets and open architecture. However, high cost of MRI safe implantable devices and inadequate reimbursement policies for MRI safe implantable devices may hamper the growth of MRI safe implantable device market over the forecast period.
Most of the orthopedic implants are made from non-ferromagnetic materials and helps in an escalating the number of patients for MRI procedure. On the other hand, in some orthopedic implants instances owing to formation of conductive loop there might be some MRI related heating problem. Due to widespread use of vascular access and catheters most of the patients may require MRI procedures which in turn exhibits the growth of global MRI safe implantable device market.
North America held the largest revenue share in the global MRI safe implantable device market followed by Europe and Asia Pacific owing to increase in geriatric population, technological advancements, increasing awareness for safe procedures and increase in the healthcare expenditure per capita. The developing nations in Asia Pacific, Middle East and Africa hold huge potential for growth in the global MRI safe implantable device market due to increase in chronic degenerative diseases along with healthcare expenditure.
In 2019, the market size of MRI Safe Implantable Device is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for MRI Safe Implantable Device.
This report studies the global market size of MRI Safe Implantable Device, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the MRI Safe Implantable Device production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Medtronic
Zimmer Biomet
Biotronik
Boston Scientific
St. Jude Medical
Stryker
Smith & Nephew
Johnson & Johnson
Smiths Medical
Abbott
Cochlear
Market Segment by Product Type
High Field MRI
Low-To-Mid Field MRI
Very-High-Filed MRI
Ultra-High-Filed MRI
Market Segment by Application
Hospitals
Clinics
Ambulatory Surgical Centers
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the MRI Safe Implantable Device status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key MRI Safe Implantable Device manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of MRI Safe Implantable Device are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on MRI Safe Implantable Device. Industry analysis & Market Report on MRI Safe Implantable Device is a syndicated market report, published as Global (United States, European Union and China) MRI Safe Implantable Device Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of MRI Safe Implantable Device market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.