Magnetic Resonance Imaging (MRI) Market segment, Size, Trends, Opportunities, Demand, Growth Analysis and Forecast by

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Data Bridge Market Research analyses that the magnetic resonance imaging (MRI) market, which was USD 283.94 million in 2022, would rise to USD 498.91 million by 2030 and is expected to undergo a CAGR of 7.30% during the forecast period from 2023 to 2030.

"For a profound understanding of the  Magnetic Resonance Imaging (MRI) Market industry, the Magnetic Resonance Imaging (MRI) Market research report is an excellent solution. This industry report provides a comprehensive assessment of the market in terms of revenue and the evolving business sector. The market analysis conducted here highlights various segments expected to witness the fastest business development within the forecast frame. The extensive Magnetic Resonance Imaging (MRI) Market report covers market analysis, market definition, market segmentation, key developments in the market, competitor analysis of key players, and a detailed research methodology.

The superior Magnetic Resonance Imaging (MRI) Market report analyzes and estimates general market drivers, considering consumer demand, government policy, and demand related to consumer buying patterns, market growth, and development. A team of domain experts analyzes and estimates this market data using well-established statistical and coherent models. It divides the global market size value and market volume by manufacturers, type, application, and region. The Global Magnetic Resonance Imaging (MRI) Market business report sheds light on various inhibitors and motivators in the market for a particular product in both quantitative and qualitative manners, providing precise information to users.

Magnetic Resonance Imaging (MRI) Market   segment, Size, Trends, Opportunities, Demand, Growth Analysis and Forecast by 2030

Explore Further Details about This Research Magnetic Resonance Imaging (MRI) Market Report https://www.databridgemarketresearch.com/reports/global-magnetic-resonance-imaging-mri-market

Magnetic Resonance Imaging (MRI) Market Scope and Segmentation

REPORT METRIC

DETAILS

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Type (Conventional, Bio-based), Process (Trans-Esterification, Direct Esterification), Field Strength (High-Field Magnetic Resonance Imaging (MRI) Systems (1.5t to 3t), Low-To-Mid-Field Magnetic Resonance Imaging (MRI) Systems (<1.5t), Very-High-Field Magnetic Resonance Imaging (MRI) Systems (4t and Above)), Architecture (Closed Magnetic Resonance Imaging (MRI) Systems, Standard Bore Magnetic Resonance Imaging (MRI), Wide-Bore Magnetic Resonance Imaging (MRI), Open Magnetic Resonance Imaging (MRI) Systems), Application (Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal, and Other Applications), End Users (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others)

Countries Covered

U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Siemens (Germany), General Electric (U.S.), Koninklijke Philips N.V. (Netherlands), Hitachi Ltd. (Japan), ESAOTE SPA (Italy), Aspect Imaging Ltd. (Israel), FONAR Corp. (U.S.), Neusoft Corporation (China), AURORA HEALTHCARE US CORP (U.S.), and  Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)

Market Opportunities

  • Growing Adoption of Multimodality Imaging
  • Increasing Research on Cancer Radiation Therapy

Market Definition

Magnetic resonance imaging (MRI) is a medical procedure that gives three-dimensional images of the body and is used to diagnose the underlying disease. It is used to diagnose strokes, cancers, and other spinal abnormalities mainly affecting blood vessels and the brain. This technology is widely used when a tissue or nervous system problem exists. The major types of magnetic resource imaging devices and equipment are closed MRI and open MRI.

Global Magnetic Resonance Imaging (MRI) Market Dynamics

Drivers

  • Increasing Awareness About the Health Concerns

The increasing health concerns are surging the demand for medical imaging technologies in different healthcare centers for diagnosis. For instance, 150,000 health and wellness centers with a budget of $ 1.8 billion allow the healthcare system to be more available in India. Also, growing health consciousness and the importance of health insurance are leading to major market growth. Thus, this factor boosts market growth.

  • Increasing Technological Advancements by Market Players

Several advanced MRI machines such as multi-contract MRI scanners, silent MRI scanning technologies, and others let radiologists modify patients' image contrast post scanning, which is impossible with conventional imaging systems. For instance, Fujifilm Healthcare Americas Corporation, a U.S.-based medical technology company, launched its new velocity MRI System, an advanced high-field open MRI system, in 2021. The new product is designed to ease the workflow and improve the patient's experience. Thus, this factor enhances the market growth.

Opportunities

  • Growing Adoption of Multimodality Imaging

Multimodality imaging plays an important role, mainly after introducing integrated positron emission tomography/computed tomography (PET/CT) and commercializing combined PET/magnetic resonance imaging (PET/MRI) systems. For instance, as per the research study published in BRJ Journal in 2021, simultaneous PET–MRI scanning and a single image reconstruction framework allow the comprehensive assessment of cardiovascular disease with enhanced PET image quality. It could considerably improve the diagnosis of heart diseases. Therefore, this factor boosts the market growth.  

  • Increasing Research on Cancer Radiation Therapy

The growing research for cancer radiation therapy enhances the market segment's growth. For instance, ViewRay Inc. launched a phase III randomized controlled trial titled "Locally Advanced Pancreatic cancer treated with ABLAtivE stereotactic MRI-guided adaptive radiation therapy" for patients receiving a combination of chemotherapy and 5-fraction MRIdian SMART in 2022. The study shows superior overall survival in patients receiving post-chemotherapy MRIdian SMART. Thus, this factor boosts the market's growing rapidly.

The report can answer the following questions:

  • Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Magnetic Resonance Imaging (MRI) Market
  • Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Magnetic Resonance Imaging (MRI) Market
  • Different types and applications of Magnetic Resonance Imaging (MRI) Market share of each type and application by revenue.
  • Global of  Magnetic Resonance Imaging (MRI) Market size (sales, revenue) forecast by regions and countries from 2022 to 2028 of Magnetic Resonance Imaging (MRI) Market
  • Upstream raw materials and manufacturing equipment, industry chain analysis of Magnetic Resonance Imaging (MRI) Market
  • SWOT analysis of Magnetic Resonance Imaging (MRI) Market
  • New Project Investment Feasibility Analysis of Magnetic Resonance Imaging (MRI) Market

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