Global MRI Market: was worth US$ 5.61 Bn in 2021 and total revenue is expected to grow at a rate of 6 % CAGR from 2022 to 2029, reaching almost US$ 8.95 Bn in 2029.
Global MRI Market Overview:
A research team conducted extensive primary and secondary research for the worldwide industry's Global MRI Market study. Secondary research was conducted to supplement existing data, segment the market, assess total market size, anticipate market size, and growth rate.
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Global MRI Market Dynamic:
Advances in MRI techniques such as superconducting (SC) magnets, open architecture, high-field MRI, and software applications are all of interest to academic institutes, research laboratories, hospitals, and clinicians. The availability of MRI-compatible pacemakers will vastly expand the number of patients who can benefit from MRI operations. Replacement is driving the rise of MRI equipment in developed markets including North America and Europe. The advent of MRI scanners with bigger patient bores and the replacement of current MRI systems that have attained optimum use are the primary factors for the new wave of replacement.
Our team at Maximize collects market information and data from a number of sources in order to provide a more realistic regional perspective. The study's country-level analysis is based on a review of several regional stakeholders, regional tax laws and policies, consumer behaviour, and macroeconomic statistics.
Global MRI Market Segmentation:
Based on Architecture, the market is sub-segmented into Open MRI Systems, Closed MRI Systems Standard Bore and Wide Bore. In 2021, the closed MRI system category led the market, accounting for 75.8% of total market share. To obtain comprehensive images, the closed MRI system employs intense magnetic fields and high-frequency radio waves. The closed structure allows for accurate slice selection and analysis. Due to the tremendous noise, patients in closed MRIs may feel claustrophobic and uncomfortable. As a result of these issues, the results may be erroneous. Some industry participants are concentrating their efforts on developing broad bore and open MRI systems that are suitable for claustrophobic and big patients. Some paediatric MRI machine manufacturers even include artwork and cartoons on the devices to help children relax while they are being scanned. The Adventure series of MRI scanners from GE Healthcare is specifically developed for child imaging.
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Global MRI Market Key Players:
• Siemens Healthineers
• GE Healthcare
• Canon Medical Systems
• Koninklijke Philips N.V.
• Aurora Imaging Technologies Inc.
• General Electric Company
• Esaote SpA
• Toshiba Corporation.
• Aspect Imaging
• Neusoft Medical Systems
• Shenzhen Mindray Bio-Medical Electronics
• Aurora Imaging Technology
• Sanrad Medical Systems Pvt. Ltd.
• Mindray Medical International Limited
• Hologic, Inc.
• Nordion Inc.
• United Imaging Healthcare Co., Ltd.
A country-level examination of the Global MRI Market focuses on categories identified as potentially high-growth, countries with the largest market share, and countries with the highest development potential. The regional breakdowns in the Global MRI Market report include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
COVID-19 Impact Analysis on Global MRI Market: The impact of COVID-19 on global Global MRI market has also been included in the report.
Key Questions answered in the Global MRI Market Report are:
Which product segment had the largest share in the Global MRI market in 2020?
How is the projected competitive landscape of the Global MRI market in the forecast period (2021-2027)?
Which are the key factors aiding the Global MRI market growth?
Which region is responsible for the maximum share in the Global MRI market in 2020?
What will be the CAGR of the global Global MRI market in the forecast period (2021-2027)?
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About Maximize Market Research:
Maximize Market Research, a global market research firm with a dedicated team of professionals and data has carried out extensive research on the Transportation management system market. Maximize Market Research provides syndicated and custom B2B and B2C business and market research on 12,000 high-growth emerging technologies, opportunities, and threats to companies in the chemical, healthcare, pharmaceuticals, electronics, and communications, internet of things, food and beverage, aerospace and defense, and other manufacturing sectors. Maximize Market Research is well-positioned to analyze and forecast market size while also taking into consideration the competitive landscape of the sectors.
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