Magnetic Resonance Imaging (MRI) Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2027

 

Magnetic Resonance Imaging (MRI) is a non-invasive imaging technique used to create three-dimensional (3D) images of organs and soft tissues within the human body. An MRI machine is made up of an adjustable bed and a large tube surrounded by a circular magnet that applies a magnetic field and radio waves to the patient's body. It generates detailed images and aids in the diagnosis of brain, bone, breast, heart, internal organs, and spine abnormalities. The Magnetic Resonance Imaging (MRI) Systems Market is typically used in conjunction with PET and CT scans to assist doctors in examining joints, ligaments, cartilage, muscles, and tendons, which is useful for detecting various muscular and bone injuries.

One of the key factors driving the market growth is the rising prevalence of chronic diseases, as well as the increasing adoption of diagnostic services globally. Magnetic Resonance Imaging (MRI) Systems Market allows for the early detection of orthopedic, cardiovascular, and other conditions, which significantly improves treatment success rates. As a result, the global adoption of Magnetic Resonance Imaging (MRI) Systems Market procedures has increased. Additionally, the growing geriatric population, which is more vulnerable to such medical conditions, is contributing to their increased adoption. Various technological advancements in imaging equipment, such as software upgrades and the use of superconducting magnets that are compatible with cardiac pacemakers, are boosting the market growth.

Furthermore, innovations such as the introduction of 3D and 4D imaging with accelerated processing speed and automated workflow, as well as government initiatives to make quality healthcare facilities available to all, are expected to drive the market even further.

Magnetic Resonance Imaging (MRI) Market: Competitive Analysis

Siemens AG, Koninklijke Philips N.V., Medtronic plc, Aurora Imaging Technologies Inc., General Electric Company, Hitachi Ltd., Esaote SpA, The InterMed Group, and Canon Medical Systems Corporation are among the major players in the global Magnetic Resonance Imaging (MRI) market.