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Magnetic Resonance Imaging Market Analysis and Opportunities by 2031
Magnetic Resonance Imaging Market Analysis and Opportunities by 2031
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Magnetic Resonance Imaging Market Analysis
The surge in aging populations, increase in the number of people having cancer, technical advancements in the field of healthcare leading to the innovation of new and cutting-edge technologies, and growing awareness regarding the importance of early diagnosis of disease, which helps in early treatment are some factors that are expanding the market growth. An increase in investments leading to the introduction of new products and funded projects for improving MRI technologies in pediatric care are anticipated to augment the market's expansion during the forecast period.
Increasing Product Launches to Favor Market Growth
The growing number of product launches, coupled with the increasing adoption of high-strength systems, is one of the key opportunities offered to the players in the market. Technological innovations have led to the development and subsequent marketing of high-strength imaging equipment. In August 2023, Union Minister Dr. Jitendra Singh introduced India's first indigenously developed, lightweight, ultrafast, affordable, high-field (1.5 Tesla) next-generation MRI scanner in New Delhi. Under the National Biopharma Mission of the Department of Biotechnology, Bengaluru-based startup Voxelgrids Innovations Pvt Ltd has developed a compact MRI Scanner to solve the country's unmet need.
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