Cardiac Magnetic Resonance Imaging(MRI) Market size was valued at USD 4.8 billion in 2021 and is expected to expand at a CAGR of 7.1% from 2022 to 2030.
An effective diagnostic tool for locating conditions such as tumours, strokes, and illnesses of the spine that affect the brain and blood arteries is magnetic resonance imaging (MRI). The market is expanding due to the rising occurrence of diseases. For instance, the International Agency for Research on Cancer estimates that there were 19,292,789 new cancer cases worldwide in 2020. Additionally, the adoption of MRI equipment is anticipated to be aided by the growing need for speedy and accurate diagnostic treatments. These MRI equipment are being installed in several nations. According to the OECD, there were 34.54 MRI units installed in the United States for every million people in 2020. Additionally, it is anticipated that the addition of artificial intelligence to MRI will accelerate market expansion.
The MRI market is expanding due to improvements in diagnostic methods like open MRI, visualisation software, and superconducting magnets. The majority of the most recent improvements in MRI technology relate to the software. Additionally, the development of MRI systems that are compatible with cardiac pacemakers is anticipated to fuel market expansion in the cardiology sector. Additionally, different paramagnetic contrast agents, including gadolinium-DTPA, are injected intravenously to provide clear, correct images more quickly. During the forecast period, these MRI technology improvements are anticipated to drive market expansion.
The magnetic resonance imaging system is necessary in a sizable number of cases of tumours, malignancies, injuries, and other types of disorders in the liver, kidneys, bone, and tissues globally. Continuous expenditures are made to build and expand the magnetic resonance imaging market size and share as a result of the rising demand for the technology. As a result, these elements will contribute to the quick enhancement of market structures, which is anticipated to exhibit significant expansion during the anticipated time.
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By Type
- Closed System
- Opened System
By Application
- Hospitals
- Diagnostics Laboratories
- Diagnostic Imaging Centers
- Other
key players
- General Electric Company
- Philips Healthcare
- Medtronic
- Koninklijke Philips N.V
- Siemens Healthcare Private Limited
- Hitachi Medical Systems
- Canon Medical
- Aurora Imaging Technologies, Inc
- Esaote SpA
- Sanrad Medical Systems Pvt. Ltd Inc
By Region
United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World.
What’s Included in the Report –
- Market size and growth projections, 2020- 2030
- Market size, share, and growth projections across regions and countries, 2022- 2030
- Market size and CAGR of key products, applications, and end-user verticals, 2022- 2030
- Short and long term Market trends, drivers, restraints, and opportunities
- Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
- Latest market news and developments
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