MRI Equipment Market Set to Reach US$10.8 Billion by 2030, Driven by Advancements and Growing Healthcare Needs - ResearchAndMarkets.com

The "Magnetic Resonance Imaging (MRI) Equipment - A Global Market Overview" report has been added to ResearchAndMarkets.com's offering.

MRI systems remain a cornerstone in today’s medical imaging landscape, aiding in the diagnosis and management of various chronic conditions. These non-invasive devices are favoured for their precision and safety, significantly overshadowing ionizing radiation methods, despite certain limitations for patients with metallic implants and severe claustrophobia.

Market Growth Projections

The Magnetic Resonance Imaging (MRI) Equipment market is anticipated to expand from US$7.6 billion in 2024 to US$10.8 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 6% during the analysis period. Chronic diseases, technological advancements, and increased healthcare awareness contribute to the escalating demand for MRI equipment globally.

Regional Market Insight

North America currently takes the lead in the MRI market share, supplemented by progressive healthcare infrastructure and a rising prevalence of chronic diseases. However, the Asia-Pacific region is catching up rapidly, expected to exhibit the quickest growth rate within the forecast period, thanks to medical infrastructural improvements and a burgeoning elderly population.

Technological Innovations and Emerging Trends

Closed MRI systems dominate the market; however, Open MRI systems are rapidly gaining traction for their patient-friendly design, significantly benefiting claustrophobic individuals and children. High-field MRI systems also demonstrate a growing preference based on their capability to deliver optimal image resolution, beneficial for intricate diagnostic requirements.

Applications and Market Dominance

In terms of applications, the Brain and Neurology segment prevails due to the criticality in diagnosing neurological disorders. Conversely, Breast imaging is projected to register a notable growth curve, supported by the high incidence of breast cancer and advancements in MRI methods.

End-User Dynamics

Hospitals emerge as the largest end-user segment, with a comprehensive installation base of MRI systems. Nevertheless, Diagnostic Imaging Centers are projected to witness considerable growth due to the escalating number of these centers in emerging economies and the surge in demand for non-invasive diagnostic procedures.

Comprehensive Market Insights

The analysis encompasses a multitude of facets, including different MRI equipment based on architecture, field strength, applications, and end-user sectors, providing a granular view of the market landscape. This overview offers vital insights, reflecting the current trends and potential opportunities within the global MRI equipment market, guiding stakeholders in strategic decision-making.

For detailed information about the Geographic, Architecture, Application, and End-User segmentation, please refer to the comprehensive market analysis. Such in-depth knowledge is instrumental in understanding the trajectory of the MRI Equipment market as we advance towards a more sophisticated and patient-centric healthcare paradigm.

Key Attributes:

Companies Featured

• Alltech Medical Systems, LLC
• Aurora Healthcare US Corp.
• Bruker Corporation
• Canon Medical Systems Corporation
• Esaote SpA
• FONAR Corp.
• Fujifilm Holdings Corporation
• GE Healthcare
• Koninklijke Philips N.V.
• Neusoft Medical Systems Co., Ltd.
• Sanrad Medical Systems Pvt Ltd
• Shimadzu Corporation
• Siemens Healthineers AG
• Time Medical Holding

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