Magnetic Resonance Imaging Systems Devices And Equipment Market Overview, Segmentation, Outlook And Trends Report 2033

The magnetic resonance imaging systems devices and equipment market size has grown strongly in recent years. It will grow from $9.4 billion in 2023 to $10.23 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to diagnostic imaging advancements, aging population, trauma and emergency care, oncology and cancer diagnosis.

The magnetic resonance imaging systems devices and equipment market size is expected to see strong growth in the next few years. It will grow to $13.92 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to emerging markets growth, regulatory support, radiation reduction, value-based healthcare. Major trends in the forecast period include high-field and ultra-high-field mri, cardiac mri, musculoskeletal mri, hybrid imaging.

Market Overview -
Magnetic resonance imaging (MRI) systems are imaging machines used to form pictures of inflammation or infection in an organ, degenerative diseases, strokes, musculoskeletal disorders, tumors, and other irregularities that exist in tissue or organs in a body. MRI systems use a fixed or static magnetic field and radio frequency signals to visualize anatomy, tissue characteristics, vascular flow, the chemical composition of tissues, and perfusion and diffusion of tissues.

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Rising Demand For Diagnostics Drives Growth In The Mri Systems Market
Changes in lifestyle, technological advancement, and the increase in the number of chronic diseases are increasing the demand for diagnostics, driving the growth of MRI systems market. Magnetic resonance imaging (MRI) systems are used to produce three-dimensional detailed anatomical images of the human body facilitating diagnosis, disease detection, and treatment monitoring. The rising health concerns are increasing the demand for medical imaging technologies in healthcare centres for diagnosis. For instance, in India, 150,000 health and wellness centres with a budget of $ 1.8 billion enable the healthcare system more accessible. Increasing health consciousness and the importance of health insurance are also causing significant growth in the market.

Competitive Landscape -
Major companies operating in the magnetic resonance imaging systems devices and equipment market include Siemens Healthineers, GE Healthcare, Philips Healthcare, Hitachi Ltd., Canon Medical Systems, Esaote S.p.A, Bruker Corporation, Fonar Corporation, Neusoft Medical Systems Co. Ltd., Time Medical Systems, Aurora Imaging Technology, AllTech Medical Systems, Magnetica, Tomtec Imaging Systems GMBH, Sanrad Medical Systems Pvt. Ltd., Agilent Technologies Inc., Analogic Corporation, Hologic Inc, IMRIS Inc., Innervision Mri, Medinus Co., Medtronic plc, Millennium Technology Inc., Mindray Medical International Ltd., MR Solutions, Toshiba Corporation, Koninklijke Philips N.V., Hyperfine

Advancements In Mri Technology Transforming The Diagnostic Landscape
Companies in the magnetic resonance imaging devices and equipment market are increasingly investing in advanced MRI imaging technologies to enhance their diagnosis and to reduce orders for rescans. The advanced MRI systems such as Multi contract MRI scanners, silent MRI Scanning technologies, and others allow radiologists to modify patient's image contrast after scanning, which is not possible with conventional imaging systems. In December 2021, Fujifilm Healthcare Americas Corporation, a US-based medical technology company, unveiled its new velocity MRI System, an advanced high-field open MRI system. The new product is designed to streamline the workflow and enhance the patient's experience.

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Key Segments -
The magnetic resonance imaging systems devices and equipment market covered in this report is segmented -
1) By Type: Close MRI, Open MRI
2) By Application: Oncology, Neurology, Cardiology, Inflamatory and Infectious Diseases, Other Applications
3) By End User: Hospitals, Imaging centers, Ambulatory surgical centers

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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