In 2017, the United States had the highest average price for magnetic resonance imaging (MRI) among select developed countries. At that time an MRI cost on average 1,430 U.S. dollars. The Netherlands had the lowest cost for an MRI at that time. An MRI in the Netherlands cost 190 U.S. dollars as of 2017.
Magnetic resonance imaging
Magnetic resonance imaging is medical scan that uses radio waves combined with a large magnet to look inside the body. The United States has one of the highest densities of MRI scanners per million people in the world. In total, however, the number of MRI scans performed in the U.S. has actually dropped between 2016 and 2017. Nevertheless, the total global market is expected to increase significantly until 2021.
Medical technology industry
The global medical technology industry involves many actors and companies. Medtronic currently holds the largest global market share among medical technology companies. However, some companies specialize in diagnostic imaging, specifically. Siemens generated the most revenue among all diagnostic imaging companies globally in recent years. Siemens is expected to continue dominating the market among all diagnostic imaging companies at least until 2024.
