openPR Logo
Press release

The Global Magnetic Resonance Imaging (MRI) Market is Set to Reap $13.28 Billion in Revenue by 2028

10-05-2021 02:20 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Triton Market Research

The Global Magnetic Resonance Imaging (MRI) Market

The Global Magnetic Resonance Imaging (MRI) Market

According to Triton’s report, the global magnetic resonance imaging (MRI) market, which acquired $7.54 billion in 2020, is forecasted to witness growth at 5.62% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Magnetic Resonance Imaging (MRI) Market’ contains the Global Analysis and Forecasts by Architecture (Open MRI Systems, Closed MRI Systems), Field Type (Mid Field, Low Field, High Field [7T MRI, 3T MRI]), Application (Neurology, Oncology, Musculoskeletal, Gastroenterology, Cardiology, Other Applications), and by Geography (North America, Europe, Latin America, Asia-Pacific, Middle East and Africa).

Request Free Sample of the Global Magnetic Resonance Imaging (MRI) Market Report @ https://www.tritonmarketresearch.com/reports/mri-market#request-free-sample

Triton’s research report assesses the global magnetic resonance imaging (MRI) market to advance based on revenue at a CAGR of 5.62% during the period of 2021-2028. It is further estimated to display revenue worth $13.28 billion by 2028.

MRI, also known as magnetic resonance imaging, is an advanced technology used to diagnose various diseases. It is used across various medical fields, including neurology, oncology, cardiology, and others.

MRI technology has developed significantly over the years, resulting in quick scans, more accessible cardiac imaging, and others. Recently, the FDA authorized GE Healthcare’s magnetic resonance image compilation software, which is the first multi-contrast MRI technology that delivers eight contracts in a single scan. Therefore, the advancements in MRI technology, coupled with the growing prevalence of chronic conditions, are widening the scope and growth of the MRI market.
In contrast, a decrease in sources for helium gas, the elevated cost of MRI systems, and stringent rules are obstructing the growth of the MRI market.
The MRI market is sectioned into architecture, field type, and application. Based on architecture, it is divided into open MRI systems and closed MRI systems. The field type includes mid field, low field, and high field, with high field segmented into 7T MRI and 3T MRI. Lastly, the application section is branched into neurology, oncology, musculoskeletal, gastroenterology, cardiology, and other applications.

Globally, the Asia-Pacific holds the largest market for MRI and is estimated to continue its stronghold till 2028. This robust growth can be attributed to the considerable population growth across major countries, including China and India. Besides this, the increasing number of chronic conditions, such as heart and brain diseases, has increased the need for advanced healthcare solutions. Therefore, as mentioned, all these factors are fuelling the overall development of the magnetic resonance imaging market across the APAC region.
Aurora Imaging Technology Inc, Carestream Health Inc, Philips Healthcare, Esaote SPA, Hologic Inc, Shimadzu Corp, Analogic Corporation, Fujifilm Holdings Corporation, Fonar Corporation, Canon Medical Corp, Mindray Medical International Limited, GE Healthcare, Konica Minolta, Medtronic Plc, and Siemens Healthineers are well-known companies in the MRI market.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/mri-market#purchase-option

Question & Answer: Magnetic Resonance Imaging (MRI) Market

Question 1: What elements are widening the scope and growth of the MRI market?

Answer: MRI technology has developed significantly over the years, resulting in quick scans, more accessible cardiac imaging, and others. Recently, the FDA authorized GE Healthcare’s magnetic resonance image compilation software, which is the first multi-contrast MRI technology that delivers eight contracts in a single scan. Therefore, the advancements in MRI technology, coupled with the growing prevalence of chronic conditions, are widening the scope and growth of the MRI market.

Question 2: What aspects are obstructing the growth of the MRI market?

Answer: A decrease in sources for helium gas, the elevated cost of MRI systems, and stringent rules are obstructing the growth of the MRI market.

Question 3: Which region is likely to become the fastest evolving region in the application security market?

Answer: Globally, the Asia-Pacific holds the largest market for MRI and is estimated to continue its stronghold till 2028. This robust growth can be attributed to the considerable population growth across major countries, including China and India.
Besides this, the increasing number of chronic conditions, such as heart and brain diseases, has increased the need for advanced healthcare solutions. Therefore, as mentioned, all these factors are fuelling the overall development of the magnetic resonance imaging market across the APAC region.

Question 4: Which are the well-known companies in the MRI market?

Answer: Aurora Imaging Technology Inc, Carestream Health Inc, Philips Healthcare, Esaote SPA, Hologic Inc, Shimadzu Corp, Analogic Corporation, Fujifilm Holdings Corporation, Fonar Corporation, Canon Medical Corp, Mindray Medical International Limited, GE Healthcare, Konica Minolta, Medtronic Plc, and Siemens Healthineers are well-known companies in the MRI market.

Related Report:

Global Mobile Imaging Services Market

The global mobile imaging services market is likely to showcase growth in its revenue during 2021-2028 at a CAGR of 4.62%. It is forecasted to acquire revenue worth $2.07 billion by 2028.

Mobile imaging refers to diagnostic imaging solutions that can be carried to various locations easily due to their compact design.

The studied market is growing at a faster pace owing to various factors, such as the rising geriatric population, increasing prevalence of chronic conditions, and favorable government initiatives.

Additionally, the rising imaging procedures, including MRI, CT, and ultrasound, opens new avenues for the mobile imaging services market globally.

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release The Global Magnetic Resonance Imaging (MRI) Market is Set to Reap $13.28 Billion in Revenue by 2028 here

News-ID: 2417790 • Views: 82

More Releases from Triton Market Research

Global Marketing Automation Software Market to Garner $8625.39 Million in Revenu …
A recent study by Triton Market Research titled 'Global Marketing Automation Software Market' entails the Global Analysis and Forecasts by End-users (Large Enterprises, SMEs), Application (Inbound Marketing, Email Marketing, Lead Scoring and Lead Nurturing, Reporting and Analytics, Social Media Marketing, Campaign Management, Mobile Application, Other Applications), Deployment (On-premise, Cloud), Vertical (Healthcare, BFSI, Manufacturing, and Distribution, Advertising and Design, Retail, Telecommunication and Information Technology, Others), and Geography (Asia-Pacific, North America, Middle
Global Bone Densitometer Market to Gain $1321.36 Million in Revenue by 2028
A recent study by Triton Market Research titled 'Global Bone Densitometer Market,' entails the global analysis and forecasts by Technology (Peripheral Bone Densitometry, Axial Bone Densitometry), End-users (Hospitals, Specialty Clinics, Other End-users), Application (Osteoporosis & Osteopenia, Rheumatoid Arthritis, Cystic Fibrosis, Body Composition Measurement), and Regional Outlook (Asia-Pacific, North America, Latin America, Middle East and Africa, Europe). Bone densitometry devices are designed to calculate bone density accurately and lower the impact
Global Bank Encryption Software Market to Gain $29.50 Billion in Revenue by 2028
A recent study by Triton Market Research named 'Global Bank Encryption Software Market' includes the global analysis and forecast by Deployment Model (On-Premise, Cloud), Enterprise Type (Large Enterprises, Small & Medium Enterprises), Component (Software, Services), Encryption Type (Disk Encryption, Communication Encryption, File/Folder, Cloud Encryption), and by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa). Encryption software uses algorithms to encrypt the data in an unreadable format to protect
The Global Virtual Meeting Software Market to Gain $27909.68 Million by 2028
A recent study by Triton Market Research titled 'Global Virtual Meeting Software Market' contains Global Analysis and Forecasts by Applications (BFSI, Education, IT & Telecom, Government, Healthcare, Manufacturing, Other Applications), by Enterprise Size (Large Enterprises, Small & Medium Enterprises), by Component (Software, Service), by Deployment Type (On-premise, Cloud), and by Regional Outlook (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa). Virtual Meeting Software Market is a virtual conferencing

All 5 Releases


More Releases for MRI

Magnetic Resonance Imaging (MRI) Systems Market by Field Strength (High-Field MR …
Global Magnetic Resonance Imaging (MRI) Systems Market was valued at USD 5.63 Billion in the year 2017. Global Magnetic Resonance Imaging (MRI) Systems Market is further estimated to grow at a CAGR of 4.02% from 2018 to reach USD 7.13 Billion by the year 2023. The North America region holds the highest market share in 2018 and the Asia Pacific is considered as the fastest growing market in the forecasted
Mri Systems Market Trends and Segments 2020
Magnetic resonance imaging (MRI) is an integrated healthcare system which is used for imaging internal parts of body. It is most widely used for diagnostics imaging of central nervous system for detecting stroke affected areas of brain, brain tumours, imaging blood vessels and spine lesions. It involves the use of magnetism, radio waves, and a computer to produce images of body structures. MRI scans are also used widely for cardiac
North America Hybrid MRI Market: Drivers & Restraints
According to the report Hybrid MRI Market, published by Market Data Forecast, the North America market is projected to grow substantially during the forecast period. MRI is an imaging technique which involves radio frequencies and magnetic field used to picture internal structures of the body without using radiation. MRI can be merged with other powerful methods to take clearer pictures of organs or in even treating some cancers. MRI in
Development Trends in Intraoperative MRI Market 2016
Qyresearchreports include new market research report Global Intraoperative MRI Market Research Report 2016 to its huge collection of research reports. The thorough report here assembles different perspectives having a place with the general Intraoperative MRI market which verbalizes the present-day data and future exposures with reference to the dynamic powers at play. The prime reason for the examination report is to offer the endorser with an extensive format and make accessible
Global MRI Industry 2022 Trends and Review
ReportsWeb.com has announced the addition of the “Global MRI Market Research Report 2017” The report focuses on global major leading players with information such as company profiles, product picture and specification. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD) , market share and growth rate of MRI in these regions, from 2012 to 2022 (forecast) , covering North America, Europe, China, Japan, Southeast Asia
United States MRI System Market Report 2017
In this report, the United States MRI System market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven regions: The West Southwest The Middle Atlantic New England The South The Midwest with sales (volume), revenue (value), market share and growth rate of MRI System in these