MRI Systems Market to Reach $13.92B by 2028 at 8.0% CAGR, Driven by Emerging Markets and Advanced Imaging Tech

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Magnetic Resonance Imaging Systems Devices And Equipment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $13.92 billion In 2028 At A CAGR Of 8.0%:

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.

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Magnetic Resonance Imaging Systems Devices And Equipment Market Major 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 Driver - 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.

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Prominent Trend - 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.

Magnetic Resonance Imaging Systems Devices And Equipment Market Players
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

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Largest And Fastest Growing Region In The Market
Western Europe was the largest region in the global magnetic resource imaging devices and equipment market in 2023. North America was the second-largest region in global magnetic resource imaging devices and equipment market. The regions covered in the magnetic resonance imaging systems devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Magnetic Resonance Imaging Systems Devices And Equipment Market Report Structure
3. Magnetic Resonance Imaging Systems Devices And Equipment Market Trends And Strategies
4. Magnetic Resonance Imaging Systems Devices And Equipment Market - Macro Economic Scenario
5. Magnetic Resonance Imaging Systems Devices And Equipment Market Size And Growth
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27. Magnetic Resonance Imaging Systems Devices And Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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