Increasing Aging Population Driving MRI Compatible Patient Monitoring Systems Market

During the forecast period (2015–2020), the global magnetic resonance imaging (MRI) compatible patient monitoring systems market is projected to witness a 3.1% CAGR. The market is registering growth due to the rising aging population, increasing installation of MRI devices, and surging prevalence of chronic diseases. The monitors that are utilized for monitoring patients during the MRI scans are referred to as MRI compatible patient monitoring systems. Geographically, the largest share of the market is expected to be occupied by North America during the forecast period.

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Another factor contributing to the growth of the MRI compatible patient monitoring systems market is the rising prevalence of chronic diseases. The prevalence of different chronic diseases is rising because of the lack of preventive care and altering lifestyle. About 117 million people in the U.S. were suffering from at least one chronic disease in 2012, according to the Center of Disease Control and Prevention. Accurate diagnosis is required for the prevention and treatment of these diseases, which is leading to increased utilization of MRI scans and thereby MRI monitoring systems.

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The growing installation of MRI devices is also among the major driving factors of the MRI compatible patient monitoring systems market. Advancements in the medical technology is resulting in improved treatment and diagnosis of different chronic diseases. MRI scanners aid physicians in diagnosing several conditions through images of internal structure and organs of the body. Moreover, it does not expose patients to ionizing radiation and help monitor and examine the course of the disease. MRI compatible patient monitoring systems are utilized for providing continuous monitoring during the procedure.

Hence, the market is growing due to the surging geriatric population, increasing prevalence of chronic diseases, and rising installation of MRI devices.

This study covers

• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings

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