Rising Demand For Diagnostics Drives Growth In The Mri Systems Market: Strengthening the Growth Trajectory of the Magnetic Resonance Imaging Systems Devices And Equipment Market

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What Is the Expected CAGR for the Magnetic Resonance Imaging Systems Devices And Equipment Market Through 2025?
The market for magnetic resonance imaging systems devices and equipment has seen robust growth in the past few years. Its size is projected to increase from $10.07 billion in 2024 to $10.74 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.6%. Factors driving the growth during the historical period include developments in diagnostic imaging, an increasing elderly populace, the need for trauma and emergency care, as well as advancements in oncology and cancer diagnosis.

What's the Projected Size of the Global Magnetic Resonance Imaging Systems Devices And Equipment Market by 2029?
The market for magnetic resonance imaging systems, devices, and equipment is set to experience consistent growth in the coming years, with projections suggesting it will reach a value of $12.02 billion in 2029, growing at a Compound Annual Growth Rate (CAGR) of 2.9%. Factors contributing to this forecasted growth include the development of emerging markets, regulatory support, reduction in radiation, and a focus on value-based healthcare. Furthermore, significant trends expected during the forecast period include the growth of high-field and ultra-high-field MRI, cardiac MRI, musculoskeletal MRI, and hybrid imaging.

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Top Growth Drivers in the Magnetic Resonance Imaging Systems Devices And Equipment Industry: What's Accelerating the Market?
The surge in lifestyle changes, advancements in technology, and a growing number of chronic illnesses are heightening the need for diagnostics, thereby fuelling the expansion of the MRI systems market. By creating three-dimensional comprehensive anatomical images of the human body, Magnetic Resonance Imaging (MRI) systems play a crucial role in diagnosing, detecting disease, and monitoring treatment. Heightened health concerns contribute to the elevated demand for medical imaging technologies at healthcare centers for diagnosis. For example, with a budget of $ 1.8 billion, there are 150,000 health and wellness centers in India, making the healthcare system more reachable. An increase in health consciousness coupled with the significance of health insurance are also important drivers of market growth.

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What Trends Will Shape the Magnetic Resonance Imaging Systems Devices And Equipment Market Through 2029 and Beyond?
Major firms in the market for magnetic resonance imaging systems, devices, and equipment are primarily concentrating on the advancement of mobile MRI scanners. These scanners aim to improve patient accessibility, limit transportation to imaging facilities, and deliver effective diagnostic solutions at the patient's location. Mobile MRI scanner is a portable unit intended to offer imaging services in a range of locations away from conventional hospital environments. The scanner functions at a field power of 1.5T, producing high-caliber imaging akin to standard stationary systems. To illustrate, Siemens Healthineers AG, a business based in Germany, debuted the MAGNETOM Viato.Mobile, a portable MRI scanner, in November 2022. The scanner, with its 70 cm open bore, can accommodate a broader variety of patients, including those who might feel uneasy in standard bore MRI systems. The MAGNETOM Viato.Mobile features abilities for remote scanning and reading, which boosts operational efficiency and facilitates remote expert consultations via platforms 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 Top Companies are Driving Growth in the Magnetic Resonance Imaging Systems Devices And Equipment Market?
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

Which Regions Will Dominate the Magnetic Resonance Imaging Systems Devices And Equipment Market Through 2029?
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.

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