Global Magnetic Resonance Imaging Market: Emerging Trends, Business Growth Opportunities, Major Driving Factors
This report on the magnetic resonance imaging market analyzes the current and future scenario of the global market. Magnetic resonance imaging equipment are used in the diagnosis of various critical diseases and disorders of vital organs, such as, spine, heart, and brain. Growth of the magnetic resonance imaging market is driven by rise in chronic health conditions among patient population, increase in geriatric and overall population with cardiac and neurological defects, rise in demand for advanced diagnostic technology for accurate diagnosis of life-threatening diseases, initiatives undertaken by governments, favorable reimbursement scenario, and technological advancements across the globe. Moreover, argumentative lifestyle habits and progressive rise in obese population, increased R&D investments contributing to new product launches, growing awareness about health care, along with economic growth in emerging markets and technological advancements in the medical devices industry are expected to drive the global magnetic resonance imaging market during the forecast period.
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Global Magnetic Resonance Imaging Market Witness Most Promising Rise in Demand:
Inventive technologies and cutting-edge research have led to the development of several innovative magnetic resonance imaging equipment, helping patients live healthier and longer lives. Magnetic resonance imaging or MRI is an advanced diagnostic technology for obtaining information from the interior of the body. Magnetic resonance imaging is also used in the industry for additional technical purposes. Main advantage of magnetic resonance imaging is that it can create 3D images of the object or patient under study without hurting the patient in any way and without using any ionizing radiation.
The global magnetic resonance imaging market was valued at US$ 5,900 Mn in 2017 and is projected to expand at a CAGR of 5.2% from 2018 to 2026. There has been a substantial rise in incidence of disorders related with spine, neurology, orthopedic, cardiovascular, head and neck, and abdominal and prostate that has increased the demand for magnetic resonance imaging equipment across the world. According to the World Health Organization (WHO), cardiovascular diseases account for approximately 9.4 million deaths globally each year. The number is slated to increase to more than 23 million by 2030. Upsurge in geriatric population is likely to boost the demand for health care products and services as this segment of population is more prone to diseases, such as, orthopedic (osteoporosis), cardiovascular diseases, etc. Early identification of these disorders is crucial for decision making and ensuring proper treatment. These diseases can be accurately diagnosed with the use of imaging equipment, such as, magnetic resonance imaging (MRI), etc. Hence, rise in aging population is expected to drive the growth of the global magnetic resonance imaging market in the near future.
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The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
Key Players of Magnetic Resonance Imaging Market Report:
Key players operating in the global magnetic resonance imaging market include Esaote SpA, AllTech Medical Systems, Koninklijke Philips N.V., Siemens Healthcare GmbH, Hitachi, Ltd., CANON MEDICAL SYSTEMS CORPORATION, GE Healthcare, and Magnetica.
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