Report: MRI market to grow globally beyond $4 billion by 2010

Twitter icon
Facebook icon
LinkedIn icon
e-mail icon
Google icon
Key developments in magnetic resonance imaging (MRI) systems – such as the evolution to open architecture – have led to MRI becoming the system of choice for assorted imaging procedures for organs and structures (i.e., brain, spine, bones, joints). Because of this evolution, the MRI market has hit $3.5 billion worldwide and will likely top $4 billion by 2010, according to a new study released today from Kalorama Information called Medical Imaging Markets, Volume II: Magnetic Resonance.
Key factors for the growth in 2010 are expected to be increases in the use of interventional MRI in brain surgery and expanded use of MRI diffusion imaging to diagnose strokes and other injuries to the brain. Additionally, cardiac MRI also is expected to grow substantially in clinical use over the next decade, the reports states.
According to the report, MRI is moving more to functional imaging uses for imaging the body in real time as ultrasound already does. Functional imaging also can be used in the study of peripheral blood flow and orthopedics, the report states.
"With the introduction of whole-body MRI, which offers better sensitivity and higher specificity in detecting bone metastasis, and black-blood MRI, which produces an image of the artery where blood appears black as opposed to typical MRI scans where blood appears bright, we're moving into the next phase of MRI diagnostic capabilities," said Joseph Constance, the report's author. "While these and other advanced technologies come with a high price tag, the benefits to worldwide health far exceed the costs which in time will lessen as the technologies are refined."