Magnetic Resonance Imaging (MRI) Market Growth: Market Insights and Forecast

 

Magnetic Resonance Imaging (MRI) Market Size was valued at USD 5.4 Bn in 2022 and is expected to reach USD 8.93 Bn by 2030 and grow at a CAGR of 6.5% during the forecasted period 2023-2030.

The Magnetic Resonance Imaging (MRI) Market Report provides a comprehensive analysis of the global Magnetic Resonance Imaging (MRI) market, highlighting key trends, growth drivers, challenges, and opportunities. The report aims to assist industry stakeholders in making informed decisions and formulating effective strategies.

The Magnetic Resonance Imaging (MRI) market has witnessed significant growth in recent years and is expected to continue its upward trajectory in the coming years. MRI is a non-invasive imaging technique that uses strong magnetic fields and radio waves to generate detailed images of the body's internal structures. It has become an indispensable tool in medical diagnostics, enabling healthcare professionals to accurately diagnose and monitor various conditions.

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One of the key factors driving the growth of the MRI market is the increasing prevalence of chronic diseases such as cancer, cardiovascular disorders, and neurological disorders. MRI provides superior imaging capabilities compared to other diagnostic modalities, allowing for early detection and precise characterization of these diseases. Moreover, advancements in MRI technology have led to improved image quality, faster scanning times, and enhanced patient comfort, further fueling its adoption.

Another factor contributing to the market's growth is the rising demand for minimally invasive procedures. MRI-guided interventions have gained popularity as they offer real-time visualization and accurate targeting during surgeries or therapeutic procedures.

KEY MARKET SEGMENTS

By Architecture outlook

·         Open System

·         Closed System

By Field Strength Outlook

·         Low Field Strength

·         Mid Field Strength

·         High Field Strength

By Application Outlook

·         Cardiac

·         Abdominal

·         Vascular

·         Brain and neurological

·         Other

By End Use

·         Hospitals

·         Imaging centres

·         Ambulatory surgical centres

·         Others

Major Players Listed in the Report are as Follows:

GE healthcare, Siemens AG, Toshiba Corporation, Aurora imaging Technologies, Esaote SPA, Sahrad Medical Systems, Fujifilm, Koninklijke Philips N.V. and others

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