Global Magnetic Resonance Imaging Systems Devices And Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

19 Oct, 2021

The magnetic resource imaging devices and equipment market consists of sales of magnetic resource imaging systems devices and equipment and related services. Magnetic resonance imaging (MRI) systems are imaging machines used to form pictures of inflammation or infection in an organ, degenerative diseases, strokes, musculoskeletal disorders, tumors, and other irregularities that exist in tissue or organs in a body. MRI systems use a fixed or static magnetic field and radio frequency signals to visualize anatomy, tissue characteristics, vascular flow, chemical composition of tissues, and perfusion and diffusion of tissues.

Global Magnetic Resonance Imaging Systems Devices And Equipment Market Size And Drivers:

The global magnetic resonance imaging systems devices and equipment market is expected to grow from $7.1 billion in 2020 to $7.96 billion in 2021 at a compound annual growth rate (CAGR) of 12.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $9.95 billion in 2025 at a CAGR of 5.7%. Changes in the lifestyle, technological advancement and increase in number of chronic diseases are increasing the demand for the diagnostics, driving the growth of MRI systems market.

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Trends In The Global Magnetic Resonance Imaging Systems Devices And Equipment Market

Companies in the magnetic resonance imaging devices and equipment market are increasingly investing in advanced MRI imaging technologies to enhance their diagnosis and to reduce orders for rescans. The advanced MRI systems such as Multi contract MRI scanners, silent MRI Scanning technologies and others allow radiologists to modify patient's image contrast after scanning, which is not possible with conventional imaging systems. In March 2018, Philips collaborated with Hologic to give integrated solutions to professionals by gathering Hologic’s innovator mammography techniques with Philips’ diagnostic solutions. In January 2019, Koninklijke Philips N.V. launched new imaging systems solutions include Next MR Wave. These solutions will equip clinicians with particular data thereby resulting in the analysis. This development enhanced the company product portfolio which helps the company to produce adequate revenue.

Global Magnetic Resonance Imaging Systems Devices And Equipment Market Segments:
The global magnetic resonance imaging systems devices and equipment market is further segmented –
By Type: Close MRI, Open MRI
By Application: Oncology, Neurology, Cardiology, Inflammatory and Infectious Diseases, Others
By End User: Hospitals, Imaging centers, Ambulatory Surgical Centers
By Geography: The global magnetic resonance imaging systems devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Magnetic Resonance Imaging Systems Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides magnetic resonance imaging systems devices and equipment market overviews, analyzes and forecasts market size and growth for the global magnetic resonance imaging systems devices and equipment market, magnetic resonance imaging systems devices and equipment market share, magnetic resonance imaging systems devices and equipment market players, magnetic resonance imaging systems devices and equipment market segments and geographies, magnetic resonance imaging systems devices and equipment market’s leading competitors’ revenues, profiles and market shares. The magnetic resonance imaging systems devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.