"Medical Magnetic Resonance Imaging (MRI): Technologies
and Global Markets" is a study or report that looks at MRI
technology used in healthcare and its worldwide market. It explores
how MRI works, its different types, any advancements in the
technology, and how it's used across the globe. This report also
examines factors like market size, trends, competition, and
regulatory issues influencing MRI technology on a global
scale.
BOSTON, May 3, 2024
/PRNewswire/ -- According to the latest BCC Research
study, the demand for Medical Magnetic Resonance Imaging (MRI):
Technologies and Global Markets expected to grow from
$7.2 billion in 2023 and will reach
$9.8 billion by the end of 2028 at a
compound annual growth rate (CAGR) of 6.4% from 2023 through
2028"
This report gives you details about the medical MRI market,
including how it works, how much money it makes, new advancements
in technology, important companies that make MRI machines, and who
they're up against in the industry.
Some Interesting Facts
- A new MRI device, MAGNETOM Freemax, from the Helium Independent
facility, is smaller and doesn't need long helium pipes anymore,
making it easier to use.
- Siemens partnered with Ohio State
University to develop a new MRI tech called High-V MRI (also
known as .55T). It's good for imaging implants, reduces certain
imaging challenges, and can help with lung scans.
- Low-field MRI is a new way of doing MRI scans with machines
that have much lower power than usual. These machines are more
portable and can be used at the bedside in places like intensive
care units. They're safe around metal and make it easier to scan
very sick patients.
To explore more insights and details about the Medical Magnetic
Resonance Imaging (MRI): Technologies and Global Markets, click
here to gain a deeper understanding of its complexities.
Medical Magnetic Resonance Imaging (MRI): Technologies and
Global Markets is driven by factors such as:
- Increasing demand for advanced imaging
technologies: People want better imaging tools for their
health. That includes things like MRI and CT scans. As technology
gets better, people expect clearer pictures and more accurate
results. This is important for finding and treating diseases
earlier, planning treatments better, and making sure patients get
the best care possible.
- Rising global geriatric population.: means there
are more older people worldwide. This is because people are living
longer, and there are fewer babies being born in many places. As a
result, there are more seniors aged 65 and older compared to
younger age groups. This trend has big effects on healthcare
because older adults often need more medical attention and support
as they age and face health challenges.
- Growing prevalence of chronic diseases.: More and more
people are dealing with long-term health problems like diabetes,
heart disease, cancer, and lung issues. This is because we're
living longer, not always making the healthiest choices, and
environmental factors play a role too. With better ways to detect
and treat these conditions, there's a bigger need for healthcare
services to help people manage and treat them.
- Increased healthcare spending.: simply means that
we're spending more money on healthcare. This includes things like
doctor visits, treatments, medicines, and hospital stays. There are
a few reasons for this, like more people needing healthcare as they
get older, better medical technology, and more chronic diseases.
So, healthcare systems, governments, and individuals are putting
more money into healthcare to make sure everyone can get the care
they need.
Request a Sample Copy of the Medical Magnetic
Resonance Imaging (MRI): Technologies and Global Markets
Report Synopsis
Report
Metrics
|
Details
|
Base year
considered
|
2022
|
Forecast Period
considered
|
2023-2028
|
Base year market
size
|
$6.8 billion
|
Market Size
Forecast
|
$9.8 billion
|
Growth Rate
|
CAGR of 6.4% for the
forecast period of 2023-2028
|
Segment
Covered
|
Architecture, Field
Strength, Application, End User, and Region
|
Regions
covered
|
North America, Europe,
Asia-Pacific, and Rest of the World (RoW)
|
Countries
covered
|
U.S., Canada, Germany,
the U.K., France, Italy, Spain, China, India, Japan, Australia,
South Korea, the Middle East and Africa, and South
America
|
Key Market
Drivers
|
- Increasing demand
for advanced imaging technologies.
- Rising global
geriatric population.
- Growing prevalence
of chronic diseases.
- Increased
healthcare spending.
|
Segmentation Analysis:
- By Architecture:
MRI machines come in different
designs. Closed MRI systems are like a tunnel, which some people
might find a bit tight. Open MRI systems have more space around the
patient, so they're less confining. Extremity MRI systems are made
specifically for scanning certain body parts, like arms or legs.
Each type has its advantages, depending on the patient's needs and
comfort level.
- By Field Strength:
MRI machines vary in the
strength of the magnetic field they use. Low-medium field MRI
machines have a moderate magnetic field strength, while high field
MRI machines have stronger magnetic fields. Very high and
ultra-high field MRI machines have even stronger magnetic fields.
The strength of the magnetic field affects the quality and detail
of the images produced during the scan. So, depending on what
doctors need to see, they might use different types of MRI machines
with varying field strengths.
- By Application:
MRI technology is used for
different purposes, depending on the part of the body being
scanned. Spine MRI focuses on imaging the spine, Brain MRI is for
examining the brain, while Vascular and cardiac MRI looks at blood
vessels and the heart. Extremities and musculoskeletal MRI are for
scanning arms, legs, or joints, and Head and neck MRI focuses on
those areas. Whole body MRI scans the entire body, and Abdominal
and pelvis MRI concentrates on the stomach and pelvic region. There
are also other specialized uses for MRI technology depending on
specific medical needs.
- By Application:
MRI machines are used by
different types of facilities. Diagnostic imaging laboratories use
them for various medical scans, while hospitals have MRI machines
for diagnosing and treating patients. There are also other places
where MRI machines might be found, depending on specific needs or
settings.
This report on medical magnetic resonance imaging (MRI):
technologies and global markets provide comprehensive insights and
analysis, addressing the following key questions:
- What is the projected market size and growth rate of the
market?
The Magnetic Resonance Imaging (MRI) market was valued at
$6.8 billion in 2022 and will reach
$9.8 billion by 2028. The market is
expected to witness a CAGR of 6.4% from 2023 to 2028.
- What are the key factors driving the growth of the market?
Key factors which are driving the growth are increasing demand for
advanced imaging technologies, increasing geriatric population
across the globe, increasing prevalence of chronic diseases, rising
healthcare spending.
- What segments are covered in the market?
The global MRI market is segmented based on architecture, field
strength, application, end-user, and region.
- By architecture, which segment will dominate the market by the
end of 2028?
Closed MRI segment will dominate the market in 2028.
- Which region has the highest market share in the market?
North America holds the highest
share of the market.
Some of the Key Market Players Are:
- ALLTECH MEDICAL SYSTEMS LLC
- AURORA HEALTHCARE U.S. CORP.
- CANON MEDICAL SYSTEMS CORP.
- ESAOTE SPA
- FONAR CORP.
- FUJIFILM HOLDINGS CORP.
- GE HEALTHCARE
- KONINKLIJKE PHILIPS N.V.
- MEDONICA CO. LTD.
- SHENZHEN ANKE HIGH-TECH CO.
LTD.
- SIEMENS HEALTHINEERS AG
- TIME MEDICAL HOLDING
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