Magnetic Resonance Imaging (MRI) Market is Going to Reach at CAGR of 6.5% by 2029

Global magnetic resonance imaging (MRI) market was valued at USD 5.64 billion in 2021 and is expected to reach USD 9.34 billion by 2029, registering a CAGR of 6.5% during the forecast period of 2022-2029. The "closed magnetic resonance imaging (MRI) systems" accounts for the largest architecture segment in the magnetic resonance imaging (MRI) market within the forecasted period owing to the fact that it offers higher and more powerful image quality and throughput. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Drivers

Growing Diseases Require Diagnostic Services
The increasing prevalence of chronic diseases along with the rising adoption of diagnostic services are the most significant factor driving the growth for this market. Moreover, the ability of magnetic resonance imaging (MRI) of early detection of various conditions such as the orthopedic and cardiovascular substantially increases the success rates of the treatment that further favors its adoption across the globe and accelerates the overall growth of the market. Furthermore, the expanding senior population, which is more vulnerable to such medical issues, is driving up adoption.

Rising awareness about the benefits of early diagnosis and the advent of MRI-compatible pacemakers will further expand the magnetic resonance imaging (MRI) market's growth rate in the future. Furthermore, the expanding healthcare sector along with the government initiatives to make quality healthcare facilities accessible are also expected to fuel market growth.

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Global Magnetic Resonance Imaging (MRI) Market Scope
The magnetic resonance imaging (MRI) market is segmented on the basis of type, process, field strength, architecture, application and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type
Process
Field Strength
Architecture
Application
Others

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