MRI - Compatible IV Infusion Pump Systems Market Poised to Rake in US$ 400 Mn by 2027
Verfasser: ShashiiPawar on Wednesday, 9 August 2017North America is projected to remain dominant in the global MRI-compatible IV infusion pump system market, according to a report by Future Market Insights (FMI). In North America, there is a surge in demand for advanced IV infusion pump system compatible with intravenous infusion of drugs and essential fluids during MRI imaging procedures. This growth in demand is primarily attributed to increasing incidences of life-threatening diseases and growing geriatric population in this region.
Market in North America is projected to expand at 13.6% CAGR, to reach nearly US$ 200 Mn in revenues by 2027-end. North American government is offering favourable reimbursement policies for infusion therapies, further boosting the market growth in this region. However, increasing product recalls on the back of safety concerns and design deficiencies are expected to hamper growth of the MRI-compatible IV infusion pump system market in North America.
Higher Adoption of Non-Magnetic MRI-Compatible IV Infusion Pump System to Fuel Market Growth in Western Europe