The global Magnetic Resonance Imaging market is anticipated to grow at a considerable CAGR during the forecast period (2020-2026). MRI is utilized to detect human conditions and diseases through radio waves and large magnets by looking at organs. These systems are utilized majorly to examine brain tumors, spinal cords, blood vessel areas, as well as several other conditions.
The growth of the market is attributed to the increasing adoption of diagnostic devices in developed as well as developing economies and technological advancements in MRI systems. Increasing lifestyle-oriented diseases such as cancer, cardiovascular diseases (CVD), coronary heart disease (CHD) have resulted in increased demand for MRI systems across the globe and hence driven the global magnetic resonance imaging (MRI) industry growth.
Browse the full report description of "Global Magnetic Resonance Imaging Market Size, Share & Trends Analysis Report by Architecture (Closed MRI System and Open MRI Systems), by Application (Cardiology, Oncology, Neurology, Gastroenterology, Musculoskeletal, and Others), by Field Strength (Low-To-Mid-Field MRI Systems, High-Field MRI Systems, and Very-High-Field MRI Systems) Forecast 2020-2026" at https://www.omrglobal.com/industry-reports/magnetic-resonance-imaging-mri-market
Furthermore, the increasing adoption of MRI systems in emerging economies is one of the major factors stimulating the growth of the market. Emerging markets are widely recognized as one of the important growth areas for medical devices, such as MRI. These markets are witnessing significant growth, in terms of the middle-class population, increased access to care, and new feature versus price trade-offs. Thus, large and mid-size companies are focusing on investing in these countries.
Emerging economies, such as China and India, are providing growth opportunities for the market studied. In these regions, new sales are expected to be fueled by the rapid uptake of less expensive MRI systems. This is expected to provide access to healthcare in the majority of the remote areas of these price-sensitive economies. In Asia-Pacific, the increasing healthcare expenditure is also enabling physicians to diagnose a wide range of diseases, primarily through MRI and CT, particularly for cancer examinations, which is eventually boosting the market growth.
Market Coverage
Key Questions Addressed by the Report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Magnetic Resonance Imaging Market Report Segment
By Architecture
By Application
By Field Strength
Global Magnetic Resonance Imaging Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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