Latest News- Magnetic Resonance Imaging (MRI) Systems Market: Closed MRI systems is expected to lead the Product segment during 2025-2029

The Magnetic Resonance Imaging (MRI) Systems Market is being driven by Increasing prevalence of diseases coupled with growing geriatric population

The Magnetic Resonance Imaging (MRI) Systems Market is expected to grow at a CAGR of 6.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3085.2 million. In the realm of Magnetic Resonance Imaging (MRI) Systems, recent advancements have primarily focused on software and computing enhancements. Siemens Healthineers' latest innovation, the Simultaneous Multi-Slice application, exemplifies this trend. This groundbreaking technology accelerates 2D imaging acquisition by a factor of three, enabling advanced applications such as diffusion tensor imaging (DTI) and blood oxygenation level-dependent imaging in clinical settings. By significantly reducing MRI brain examination times, clinicians can now bring clinical relevance to sophisticated neurological applications, with potential for further acceleration in routine examinations of orthopedic and abdominal areas. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Closed MRI systems
  • Open MRI systems
• Type
  • Fixed MRI
  • Mobile MRI
• End-user
  • Hospitals
  • Diagnostic centers
  • Ambulatory surgical centers
  • Research institutes and universities
  • Veterinary clinics
• Technology
  • High-field MRI
  • Low-field MRI
  • AI-enabled MRI
  • Ultra-high-field
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of diseases coupled with growing geriatric population
• Technological advances in MRI
• Expanding clinical applications of MRI

However, the market also witnesses some limitations, which are as follows:

• High cost of MRI systems
• Rise in adoption of refurbished MRI systems
• Limitations associated with MRI systems

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Market Scope in Magnetic Resonance Imaging (MRI) Systems Market Research Report

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Research Analysis Overview

The Magnetic Resonance Imaging (MRI) Systems Market encompasses advanced technologies such as Magnetic Resonance Thermometry, Parallel Imaging, Compressed Sensing, and more. Key trends include Image Segmentation, Registration, Remote Diagnostics, Cloud-based MRI, Data Analytics, and Quality Assurance. Regulatory Compliance, Patient Experience, Economic Analysis, Market Access, Supply Chain, Technology Adoption, Clinical Trials, Regulatory Approvals, CE Marking, ISO Standards, Data Security, Ethical Considerations, and Regulatory Compliance are crucial factors shaping this market.

Market Research Overview

The MRI Systems Market is a significant segment of the global healthcare equipment industry, as identified by Technavio. This market encompasses manufacturers of Magnetic Resonance Imaging (MRI) scanners, which utilize magnetic fields, gradient coils, and RF coils for advanced diagnostic imaging. These systems are integral to the global healthcare equipment market, which includes manufacturers of capital equipment, instruments, implants, accessories, and consumables. Technavio's market analysis calculates the market size based on the combined revenue generated by these manufacturers. Key components of MRI systems, such as superconducting magnets, are crucial for delivering precise and accurate diagnostic information, contributing to the growth and innovation within this market segment.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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