MRI Market Analysis By Types, New Technologies, Applications, New Opportunities After COVID-19 and Forecasts 2022-2029


Posted October 4, 2023 by Maximizemahesh25

MRI Market was worth US$ 5.94 Bn in 2022 and total revenue is expected to grow at a rate of 6% CAGR from 2023 to 2029, reaching almost US$ 8.94 Bn in 2029.
 
MRI Market Overview:

The research MRI examines the MRI Market in depth. The research also includes

information on the market's current and future prospects. This analysis examines the significant market trends and drivers, as well as their implications. The report also addresses some of the market's potential uncertain blocks, as well as emerging prospects that might give the industry new dimensions. The study divides the MRI market into segments based on applications, types, and geographical areas.

Strategic Competitive Window:

The Competition Strategic Window examines MRI market competitive landscape in terms of markets, applications, and geographies to assist the vendor in determining a match or alignment between their strengths and future growth potential. It describes the best or most advantageous fit for vendors to implement consecutive merger and acquisition plans of MRI market, geographic expansion strategies, research and development strategies, and new product introduction strategies to execute future business expansion and growth over a forecast period.

MRI Market Dynamics:

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.

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Market Share Analysis:

An increasing health concern among individuals such as anxiety, depression, and stress owing to hectic lifestyle resulting in increasing demand for MRI services across the globe. According to the Centre for Disease Control & Prevention, 7.6% of adults from the age group of 18 and above, which is approximately 0.0184 billion people in the U.S. are suffering from asthma disease. Growing expenditure on relaxing therapies such as sauna and MRI treatment provides a sense of respiratory relief for asthmatic patients. In addition, the rising per capita income of individuals, improving the standard of living, and changing lifestyles trends across the globe are major factors expected to boost the growth of the target market.

Segmentation:

by Application

Spine and musculoskeletal MRI
Brain and neurological MRI
Vascular MRI
Pelvic and Abdominal MRI
Breast MRI
Cardiac MRI

by Architecture

Open MRI Systems
Closed MRI Systems
Standard Bore
Wide Bore

by Field Strength

Low-to-mid Field
High-field
1.5T
3T
Very-high Field

Key Players:

1. Siemens Healthineers
2. GE Healthcare
3. Phillips
4. Hitachi
5. Canon Medical Systems
6. Koninklijke Philips N.V.
7. Aurora Imaging Technologies Inc.
8. General Electric Company
9. Esaote SpA
10.Toshiba Corporation.
11.Aspect Imaging
12.Bruker
13.Fonar
14.Neusoft Medical Systems
15.Shenzhen Mindray Bio-Medical Electronics
16.Xingaoyi
17.Aurora Imaging Technology
18.Sanrad Medical Systems Pvt. Ltd.
19.Mindray Medical International Limited
20.Hologic, Inc.
21.Nordion Inc.
22.United Imaging Healthcare Co., Ltd.
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Report provides:

Market Penetration: Provides extensive MRI market description from the major players.
Market Development: Provides detailed information on attractive new areas as well as a market penetration analysis in existing categories.
Market Diversification: Offers in-depth coverage of new product launches, underserved areas, recent developments, and investment opportunities.
Competitive Assessment & Intelligence: Provides in-depth research of the major firms' market shares, strategy, products, certification, regulatory approvals, patent landscape, and manufacturing capacity.
Product Development & Innovation: Provides insightful information about future technological trends.
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Last Updated October 4, 2023