Magnetic Resonance Imaging (MRI) Machines Market Size, Comprehensive Analysis, Development Strategy, Future Plans and Industry Growth with High CAGR by Forecast 2030

The Magnetic Resonance Imaging (MRI) Market was valued at USD 6.55 billion in 2019 and is predicted to reach USD 11.68 billion by 2030 with a CAGR of 5.4% from 2020-2030.

Magnetic resonance imaging is a diagnostic technology that uses a strong magnetic field and radio waves to produce detailed pictures of the internal organs. MRI can provide anatomical images of the brain or spinal cord using different sequences of magnetic pulses. MRI pictures also help to detect brain injuries, brain damages associated with epilepsy, abnormally developed brain regions, neurodegenerative disorders, tumors, inflammation, infection, vascular irregularities and strokes. It also provides accurate information about the structure of the bones, soft tissues and joints. MRI technology does not use ionizing radiation and thereby less harmful than X-rays and CT scans.

Access Full Description of this report at:-

https://www.nextmsc.com/report/magnetic-resonance-imaging-machines-market

Competitive Landscape

The key players of magnetic resonance imaging market include GE Healthcare, Siemens Healthcare, Philips Healthcare, Hitachi Medical Corporation, Toshiba Medical Systems Corporation, Shimadzu Corp, Carestream Health, Hologic, Barco and Nordion Inc. The market players of MRI have been making new strategic collaborations and launching innovative products in order to maintain their dominance over the market. For instance, in December 21, 2020, GE Healthcare signed an agreement with Profound Medical to expand Profound’s potential TULSA-PRO system by interfacing it with GE’s new MRI scanners. Also, in July 17, 2020, Philips Healthcare had launched helium free MRI machine that consists of revolutionary Blue Seal magnet and operates with only seven liters of helium, instead of usual 1500 liters.

Market Dynamics and Trends

The rising public awareness and improving healthcare facilities have increased the demand for better diagnosis and treatment, which in turn has been driving the magnetic resonance imaging market growth. Also, the rise in various cardiovascular, neurological, and ophthalmic diseases along with growing geriatric population are factors expected to increase the demand for MRI scans for accurate diagnosis, thus driving the MRI market growth during the forecast period. Moreover, rise in trauma cases, constant innovation in the MRI machines by the market players, increased demand for accurate diagnosis and the potential to provide in-depth photographs of soft tissues and vascular systems are factors expected to boost the MRI market growth.

However, reduced reimbursement amounts, lack of expert professionals and high cost associated with the installation of MRI systems are few factors expected to restrain the market growth to some extent. On the other hand, increasing investments in R&D activities and development of cost-effective MRI machines are expected to provide ample growth opportunities for the market players in the coming years.

Request sample copy of this report at:-

https://www.nextmsc.com/Magnetic-Resonance-Imaging-Machines-Market/request-sample

Market Segmentations and Scope of the Study:

The magnetic resonance imaging market is categorized on the basis of product type, field strength, application, enduser and geography. On the basis of product type, the market is segmented into, open MRI and close MRI. On the basis of field strength, the market is divided into high field system, medium field system and low field system. Based on application, the market is categorized into brain and neurological, spine and musculoskeletal, vascular, abdominal, cardiac, breast, and others. Based on enduser, the market is bifurcated into hospitals, imaging centers, ambulatory surgical centers, and others. Geographic breakdown and analysis of each of the aforesaid segments include regions comprising North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the lion share of the MRI market at present. This is attributed to factors such as higher healthcare expenditure, rising cases of chronic diseases, and introduction of hybrid MRI systems in this region. Europe is holding the second-largest share of the market due to growing demand of advanced diagnostic devices and increasing geriatric population.

However, Asia Pacific is expected to show fastest growth in terms of market share owing to rapid expansion of healthcare industry, increasing awareness about the benefits of early diagnosis and availability of low-cost healthcare services.

Contact:
Phone Number: +1-217-650-7991
E-mail: info@nextmsc.com

About Next Move Strategy Consulting:

Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.

For more insights, please visit, https://www.nextmsc.com

This release was published on openPR.