Leading Growth Driver in the Magnetic Resonance Imaging Systems Devices And Equipment Market in 2025: Rising Demand For Diagnostics Drives Growth In The Mri Systems Market Driver's Influence

What Are the Market Size and Growth Forecast for the Magnetic Resonance Imaging Systems Devices And Equipment Market?
The market size for magnetic resonance imaging systems devices and equipment has witnessed robust growth lately. It is predicted to expand from $10.07 billion in 2024 to $10.74 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.6%. Factors such as advancements in diagnostic imaging, an increasing aging population, the need for trauma and emergency care, as well as oncology and cancer diagnosis have contributed to the growth during the historic period.

The market for magnetic resonance imaging systems devices and equipment is set to experience consistent expansion in the coming years, reaching a value of $12.02 billion in 2029 with a CAGR of 2.9%. This growth during the forecast period is linked to factors like the burgeoning of emerging markets, regulatory backing, reduction in radiation exposure, and value-based healthcare. Anticipated trends during this period encompass high-field and ultra-high-field MRI, cardiac MRI, musculoskeletal MRI, and hybrid imaging.

What Is Contributing to the Growth of the Magnetic Resonance Imaging Systems Devices And Equipment Market?
Lifestyle alterations, advancements in technology, and a rise in chronic disease incidence are escalating the need for diagnostics, propelling the MRI systems market forward. MRI systems, which produce detailed three-dimensional anatomical images of the human body, are increasingly being used to aid diagnosis, identify diseases, and monitor treatment processes. This growing health awareness is enhancing the demand for medical imaging technologies in healthcare institutions for diagnostic purposes. For instance, India has 150,000 health and wellness centres funded by a $1.8 billion budget, which makes healthcare widely accessible. The surge in health consciousness and the prominence of health insurance are also stimulating substantial market growth.

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Which Key Market Leaders Are Driving Magnetic Resonance Imaging Systems Devices And Equipment Industry Growth?
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

What Are the Emerging Trends in the Magnetic Resonance Imaging Systems Devices And Equipment Industry?
In an effort to improve patient access, reduce transportation requirements to imaging facilities, and deliver efficient diagnostic services at the point of care, leading firms in the magnetic resonance imaging systems devices and equipment market are focusing on the creation of mobile magnetic resonance imaging (MRI) scanners. These mobile MRI scanners are portable and can provide imaging services in numerous locations outside of traditional hospital environments. With a field strength of 1.5T, the scanner produces high-grade imaging that is on par with conventional stationary systems. As an illustration, Siemens Healthineers AG, a company based in Germany, unveiled MAGNETOM Viato. Mobile in November 2022, which is a mobile MRI scanner. With a 70 cm open bore, the scanner can accommodate a vast array of patients, including those who might feel uncomfortable in regular bore MRI systems. The MAGNETOM Viato.Mobile is equipped with remote scanning and reading capabilities, fostering operational productivity and facilitating expert consultations from remote locations via tools such as syngo Virtual Cockpit and WeScan.

What Are the Main Segments in the Magnetic Resonance Imaging Systems Devices And Equipment Market?
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

Subsegments:
1) By Close MRI: High-field MRI, Low-field MRI, Very High-field MRI
2) By Open MRI: Open High-field MRI, Open Low-field MRI

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Which Geographic Area Leads the Magnetic Resonance Imaging Systems Devices And Equipment 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.

What Is Covered In The Magnetic Resonance Imaging Systems Devices And Equipment Global Market Report?

- Market Size Analysis: Analyze the Magnetic Resonance Imaging Systems Devices And Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Magnetic Resonance Imaging Systems Devices And Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Magnetic Resonance Imaging Systems Devices And Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Magnetic Resonance Imaging Systems Devices And Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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