Magnetic Resonance Imaging (MRI) Systems Market Outlook, Key Financials, Segmental Revenue and Geographical Revenue till 2027

Market Overview

The Magnetic Resonance Imaging (MRI) Systems Market is expected to grow at a CAGR of 5.5% during the forecast period and reach a market value of USD 5 Billion. The functional magnetic resonance imaging systems market is one of the rapidly improving market structures that is expected to achieve better future results due to the rising number of cases of tumors, cancers, injuries, and other forms of diseases in the liver, kidneys, bone, and tissues, which leads to ongoing investments in the establishment and growth of the magnetic resonance imaging systems market size and share.

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The functional magnetic resonance imaging system is a non-invasive approach that uses light to locate and probe any type of sickness or injury the imaging system, allows healthcare professionals to effectively treat certain ailments. Despite the limitations and risks associated with radioactive technology's UV radiations, the MRI technique has acquired increasing popularity in the healthcare sector all over the world. The MRI technology has gained popularity as a result of its ability to provide a primary diagnosis for a specific ailment in a short amount of time.

Market Segmentation

Based on the Type, the Magnetic Resonance Imaging (MRI) Systems Market has been segmented into Open MRI, Closed MRI, Standard Bore MRI, and Wide-Bore MRI.

Based on the Field Strength, the Magnetic Resonance Imaging (MRI) Systems Market has been segmented into High-Field MRI Systems, 5t MRI Systems, 3t MRI Systems, and Low-To-Mid-Field MRI Systems, Very-High-Field MRI Systems, and Others.

Based on the application, the Magnetic Resonance Imaging (MRI) Systems Market has been segmented into Spine and musculoskeletal MRI, Brain & neurological MRI, Pelvic and Abdominal MRI, Breast MRI, Cardiovascular MRI, and Others.

Based on the End-User, the Magnetic Resonance Imaging (MRI) Systems Market has been segmented into hospitals & Clinics, Diagnostic Centers, and Others.

Based on the Region, the Magnetic Resonance Imaging (MRI) Systems Market has been segmented into North America, Europe, Asia-Pacific, and LAMEA.

Regional Classification

The Asia Pacific region has accounted for the majority of the magnetic resonance imaging systems market share, as the primary drivers for the industry's growth are established here, and the population appears to be quite interested in new product improvements. China, Japan, Korea, and India are predicted to account for the majority of the magnetic resonance imaging systems market revenue. According to figures from magnetic resonance imaging systems, the population of these countries, as well as their disposable incomes, has been growing, resulting in changes in lifestyles and demands.

The European region has also seen significant growth, with contributions from developed countries such as France, Germany, Denmark, Belgium, and others, because the majority of the people in these countries are getting older and more susceptible to a variety of diseases, creating a market for MRI scans. Rapid technological advancements have also aided the growth of the magnetic resonance imaging systems market in these countries.

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Industry News

The major key players in the market are Hitachi, Siemens AG, Canon Medical Systems, GE Healthcare, Philips, Toshiba Corporation, Toshiba Corporation, Xingaoyi, and Aurora Imaging Technologies Inc.

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This release was published on openPR.