News | June 04, 2008

MRI Procedure Growth Slowing to 3 Percent, Says Study

June 5, 2008 - According to IMV's recent census of MRI sites in the U.S., an estimated 27.5 million MRI procedures were performed at 7,195 sites in 2007, a 14 percent increase from 24.2 million in 2003, for an average annualized rate of 3 percent per year.

This represents a slowdown in procedure growth compared to the beginning of the decade, when the average annual growth rate from 1999 to 2003 was approximately 15 percent per year.

"Several factors are contributing to the slower growth of MRI procedures, which in turn influences MRI purchases," said Lorna Young, senior director, market research at IMV. "With the advent of the Deficit Reduction Act (DRA) of 2005, precertification requirements from health insurers, and the relative maturity of the MRI market, MRI purchases have slowed.

"Currently, virtually all of the hospitals above 200 beds have at least one MRI, and the DRA has slowed the acquisition of MRI systems by independent imaging centers. Unlike CT, which is used 24/7 for emergency and scheduled procedures, MRI procedures tend to be provided on a scheduled basis for specifically prescribed indications. We have also observed that the replacement cycle for MRI is getting longer, which is slowing the number of MRIs that are replaced.

"New procedures are the key avenue for growth, and 3T MRIs are providing some of the market excitement for the future. While only 3 percent of the units installed in 2003 were 3T, at least 20 percent of those who are planning to purchase MRI over the next few years are planning to purchase these systems as replacement or additional units for their department."

For more information:

Related Content

Ingenia Ambition X 1.5T MR. This innovation is the latest advance in the Ingenia MRI portfolio, which comprises fully-digital MRI systems, healthcare informatics and a range of maintenance and life cycle services for integrated solutions that empower a faster, smarter, and simpler path to enabling a confident diagnosis
News | Magnetic Resonance Imaging (MRI) | September 14, 2018
Philips, a global leader in health technology, launched the Ingenia Ambition X 1.5T MR.
Veye Chest version 2
News | Lung Cancer | September 11, 2018
Aidence, an Amsterdam-based medical AI company, announced that Veye Chest version 2, a class IIa medical device, has
Sponsored Content | Case Study | Magnetic Resonance Imaging (MRI) | September 07, 2018 | By Sabine Sartoretti, M.D.
As soon as the Compressed SENSE technology became available to the MRI team at Kantonsspital Winterthur (Switzerland),...

Image courtesy of Philips Healthcare

Feature | Magnetic Resonance Imaging (MRI) | September 06, 2018 | By Melinda Taschetta-Millane
According to the Prescient & Strategic Intelligence report, “Global Magnetic Resonance Imaging (MRI) Market Size,...
Brain Iron Levels May Predict Multiple Sclerosis Disabilities
News | Neuro Imaging | August 31, 2018
A new, highly accurate magnetic resonance imaging (MRI) technique can monitor iron levels in the brains of multiple...
Study Finds Multiple Sclerosis Drug Slows Brain Shrinkage

An NIH-funded clinical trial suggested that the anti-inflammatory drug ibudilast may slow brain shrinkage caused by progressive MS. Image courtesy of Robert J. Fox, M.D., Cleveland Clinic.

News | Neuro Imaging | August 30, 2018
August 30, 2018 — Results from a clinical...
Rapid Cardiac MRI Technique May Cut Costs, Boost Care in Developing World
News | Magnetic Resonance Imaging (MRI) | August 29, 2018
A newly developed rapid imaging protocol quickly and cheaply diagnosed heart ailments in patients in Peru, according to...
iSchemaView RAPID Technology Now Installed in More Than 500 Stroke Centers
News | Neuro Imaging | August 27, 2018
iSchemaView announced that more than 575 stroke centers in 22 countries have selected the RAPID advanced imaging...
Radiation Therapy Affects Event Recall for Children With Brain Tumors
News | Radiation Therapy | August 24, 2018
Children with certain types of brain tumors who undergo radiation treatment are less likely to recall the specifics of...
Scientists Develop New MRI Tool for Cancer Diagnosis and Therapy

Researchers in the laboratory ‘Biomedical Nanomaterials’ of NUST MISIS. Image courtesy of PR Newsfoto/NUST MISIS.

News | Oncology Diagnostics | August 24, 2018
A European research group has developed a system that allows doctors to both improve the accuracy of diagnosing...
Overlay Init