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Magnetic Resonance Imaging Market is projected to touch USD 7.2 billion in 2029, registering 4.2% CAGR during 2022-2029 | Size Report, Share & Forecast

11-28-2022 08:43 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Gmi Research

Magnetic Resonance Imaging Market

Magnetic Resonance Imaging Market

Magnetic Resonance Imaging Market was valued at USD 5.2 billion in 2021 and is forecast to touch USD 7.2 billion in 2029, exhibiting a CAGR of 4.2% from 2022-2029.

For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/mri-systems-market-analysis-industry-research/

The factors driving the growth of MRI Systems Market includes rising cases of cancer around the world, growing use of MRI systems to identify diseases related to spine lesions, tumors, and strokes, growing demand for quick and effective diagnostic procedures and improvements in the living standards. Moreover, technological advancements in MRI systems, rise in the launch of innovative products, increase in Government's expenditure on the Healthcare sector, growing number of clinical trials around the world and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, strategic mergers, and acquisitions between key industry players, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the MRI Systems Market is hindered attributed to high cost of Magnetic Resonance Imaging (MRI) systems.

The leading players operating in the MRI Systems Market are GENERAL ELECTRIC COMPANY, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Koninklijke Philips N.V., Aspect Imaging., Hitachi, Siemens Healthcare GmbH, CANON MEDICAL SYSTEMS, Bruker, AURORA HEALTHCARE and ESAOTE SPA, among others.

Based on Application, the Breast Cancer segment is predicted to capture the largest market share during the forecast period

Increasing cases of breast cancer across the globe, is pushing the demand for Magnetic Resonance Imaging systems.

Based on End-User, the Hospitals segment is projected to lead the market over the forecast period

Rising awareness amongst consumers about early diagnosis and increasing Government expenditure on improving healthcare infrastructure, are propelling MRI Systems Market size.

Based on Region, the North American region is anticipated to hold the highest market share during the forecast period

Rise in consumers spending on healthcare services, growing prevalence of chronic diseases, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Key Development

In 2018, Koninklijke Philips N.V. partnered with Hologic Inc., to provide integrated solutions by offering solutions to the healthcare professionals.

Market Segmentation

Segmentation by Type

Open
Closed
Standing

Segmentation by Application

Neurology
Cardiology
Musculoskeletal
Breast Cancer
Others

Segmentation by End-User

Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Others

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe - +353 1 442 8820; US - +1 860 881 2270
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Website: https://www.gmiresearch.com/

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GMI Research's leadership team with extensive experience in research and consulting together with our research and domain expertise creates a strong value proposition to create solutions that addresses our clients business problems and add significant value to long lasting relationship.

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