Magnetic Resonance Imaging (MRI) Systems Market Research Report: Information By Type (Open MRI and Closed MRI), By Field Strength (High-Field MRI Systems), By Disease Application (Brain and Neurological MRI), and by End-Users (Hospitals & Clinics), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
The magnetic resonance imaging systems market is expected to reach USD 5,100 Million by 2030 at 7.30% CAGR during the forecast period 2022-2030. The demand for Applications of the MRI method has multiplied and Population growth and growing per capita earnings for individuals. These are just a few market drivers driving the Magnetic Resonance Imaging (MRI) Systems market.
Magnetic Resonance Imaging (MRI) Systems Market refers to the market for medical imaging devices that use strong magnetic fields and radio waves to produce detailed images of internal body structures. The market is driven by factors such as the increasing prevalence of chronic diseases, the growing demand for non-invasive diagnostic procedures, and technological advancements in MRI systems.
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The COVID-19 pandemic had a significant impact on the Magnetic Resonance Imaging (MRI) Systems Market. The initial impact of the pandemic was a decline in the demand for MRI systems due to the disruptions in the healthcare system caused by the pandemic. Many elective surgeries, diagnostic procedures, and other non-emergency medical procedures were postponed, leading to a decline in the demand for MRI systems.
Magnetic Resonance Imaging (MRI) Systems Market Segmentation
The magnetic resonance imaging systems market has been segmented into type, diseases application and end-users.
Based on the type, the market has been segmented into open-MRI and close-MRI.
Based on the diseases application, the market has been segmented into brain and neurological MRI.
Based on the end-users, the market has been segmented into hospitals and clinics.
Magnetic Resonance Imaging (MRI) Systems Market Regional Analysis
The largest region in the Magnetic Resonance Imaging (MRI) Systems Market is North America. The region is characterized by the presence of a large number of leading players in the market, a well-developed healthcare infrastructure, and high healthcare spending. The increasing prevalence of chronic diseases, the growing demand for non-invasive diagnostic procedures, and the availability of advanced MRI systems are driving the growth of the market in North America.
The Asia-Pacific region is expected to grow at a significant rate in the coming years due to the increasing demand for early and accurate disease diagnosis, the growing demand for non-invasive diagnostic procedures, and the growing population.
Magnetic Resonance Imaging (MRI) Systems Market Key Players
Some of the key market players are:
- Hitachi
- Siemens AG
- Canon Medical Systems
- GE Healthcare
- Philips
- Toshiba Corporation
- Xingaoyi
- Aurora Imaging Technologies Inc.
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