Global MRI Market was valued at USD 6.30 Bn in 2023 and is expected to reach USD 9.47 Bn by 2030, at a CAGR of 6 % during the forecast period.
Market Overview:
This research study meticulously analyzes and evaluates the Global MRI Market market’s trajectory over the forecast duration. It encompasses a comprehensive examination focusing on primary and secondary drivers, market share, leading segments, and geographical analysis.
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Market Scope:
Leveraging both primary and secondary research methodologies, we delved into the MRI Market from various perspectives. This approach facilitated a nuanced understanding of prevailing market dynamics encompassing supply-demand dynamics, pricing trends, product preferences, consumer behaviors, and more. The collected data underwent rigorous analysis utilizing diverse market estimation and data validation techniques. Additionally, our in-house data forecasting engine provided insights into market growth projections up to 2027.
Dynamics:
The rising prevalence of chronic diseases, such as cardiovascular diseases, cancer, and neurological disorders, has been a major driver of the MRI market. MRI’s ability to provide detailed anatomical and functional information without exposing patients to ionizing radiation makes it a preferred imaging modality for diagnosing and monitoring these conditions. The world’s population is aging rapidly, leading to an increased incidence of age-related diseases and conditions that require medical imaging for diagnosis and treatment planning. As the elderly population grows, there is a greater demand for non-invasive imaging techniques like MRI to assess and manage age-related health issues, such as stroke, dementia, osteoarthritis, and cancer. Continuous advancements in MRI technology have driven market growth by improving image quality, reducing scan times, enhancing patient comfort, and expanding the range of applications. Innovations such as higher field strengths, advanced coil designs, parallel imaging techniques, and motion correction algorithms have made MRI more accurate, efficient, and accessible for clinicians and patients alike.
Segmentation:
by Technology
Closed MRI Systems
Open MRI Systems
Wide-bore MRI Systems
by Field
Strength Low-field MRI (Less than 1.0 Tesla)
Mid-field MRI (1.0 Tesla to 3.0 Tesla)
High-field MRI (Greater than 3.0 Tesla)
by Application
Neurology
Orthopedics
Cardiology
Oncology
Imaging
Pediatrics
by End-User
Hospitals
Diagnostic Imaging Centers
Research Institutions
Ambulatory Surgical Centers
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Key Players:
The report also accentuates the key industry players in the global MRI Market, offering detailed company profiles, product specifications, capacity, production, pricing, cost, revenue, and contact information. Noteworthy MRI market players are meticulously assessed and ranked within the market landscape.
North America:
1. GE Healthcare (United States)
1. Siemens Healthineers AG (United States)
2. Philips Healthcare (United States)
3. Canon Medical Systems Corporation (United States)
4. Hitachi Medical Corporation (United States)
5. Smart Scan Medical Imaging, LLC (Florida)
Europe:
6. Aspect Imaging (Israel)
7. DMS Group (Brazil)
8. Esaote SpA (Italy)
9. Bracco Imaging S.p.A. (Italy)
Asia-Pacific:
10. Neusoft Medical Systems Co., Ltd. (China)
11. United Imaging Healthcare Co., Ltd. (China)
12. Mindray Medical International Limited (China)
13. Hologic, Inc. (Australia)
14. Toshiba Medical Systems Corporation (Japan)
15. Medison Co., Ltd. (South Korea)
16. Allengers Medical Systems Limited (India)
Regional Analysis:
Further segmenting the MRI market into distinct regions and segments, our study delves into numerous countries, unraveling prevailing trends and opportunities within each region.
COVID-19 Impact Analysis on MRI Market:
Our research endeavors to furnish industry enterprises with strategic insights into the impact of the COVID-19 pandemic. Concurrently, we explored major national marketplaces, unveiling their respective market potential.
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Key Questions Answered in the MRI Market Report:
• What are the key growth prospects in the global MRI market concerning product type and region?
• Which segments within the MRI market are poised for rapid growth and why?
• Which regions are anticipated to exhibit accelerated development?
• What factors are driving the growth of the MRI market?
• What are the inherent business risks within the MRI market?
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