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Huge Demand of Global MRI Systems Market during 2022–2031
MRI Systems Market 2022 Analysis of the World’s Leading Suppliers, Sales, Trends and Forecasts up to 2031
MRI Systems Market 2022–2031
New Study Reports “MRI Systems Market 2022 Global Analysis By Key Regions, Production, Consumption, Revenue, Applications, Growth and Forecasts 2031” has been Added on PersistenceMarketResearch.
Report Details:
The MRI Systems Market is expected to grow on a healthy note in the subsequent decade. With value-based care picking up, close to 15% of the entire population is under its umbrella as of now. Programs like “Online Bachelor’s Degree in General Studies with a Concentration in Healthcare” is being floated, which could aid professionals to lead in the value-based care strategies. In other words, the future belongs to professionals bringing conventional skills in communication, care, and leadership with new-fangled skills in analytics and technology. So, “being value-based” would hold value in the healthcare vertical in the future.
As per Persistence Market Research’s latest revised industry analysis, the global MRI systems market was valued at over 8 Bn in 2020, and is projected to exhibit a CAGR of 6.5% over the forecast period (2021–2031).
Increase in cases of brain aneurysm and traumatic brain injury, rise in prevalence of chronic disorders, R&D in developing innovative MRI scanners, increased product and acceptance due to improved warrantees and service plans by manufacturers are some of the driving factors for MRI systems.
Key Players:
The report has profiled some of the important players prevalent in the global like — GE Healthcare, Royal Philips NV,, Siemens Healthineers, Neusoft Medical Systems, Aspect Imaging, Canon Medical Systems, Inc.,, Hitachi Medical Systems, Esaote S.p.A, Fonar Corporation, AllTech Medical Systems and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the MRI Systems Market.
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Manufacturers of MRI scanners are providing extended post installation warranties along with repairing services and other service plans such as MRI system management, site planning, installation, and de-installation services for buyers. Industry leaders such as Siemens, Philips Healthcare, and GE Healthcare provide Mobile MRI (which can be transported from one place to another) services through their certified mobile trailer manufacturers. Such facilities provided by manufacturers have led to increased product acceptance, which has contributed to market growth.
The active healthcare landscape in developing economies is anticipated to boost growth of the medical devices industry and the diagnostic imaging market. Over the past few years, governments in Asia Pacific are encouraging start-ups as well as MNCs to boost industrial growth across the region.
- For example, the Government of India launched an initiative called ‘The Start-Up India’ in January 2016, which included US$ 1.5 billion funding for start-ups.
Medical devices are among the main segments of the healthcare industry, and governments are supporting the industry by setting up venture capital funds to support small and medium enterprises providing magnetic resonance imaging systems.
Key Takeaways from Market Study
- By strength type 1.5T MRI systems hold a market share of 46.7%, and the segment is set to expand at a CAGR of around 6.4% through 2031.
- By architecture type, open architecture holds 57.6% market share, and is expected to continue growing at a moderate rate over the forecast period.
- By end user, hospitals hold the largest share of over 40%, and are expected to continue a similar trend throughout the forecast period.
- By region, North America held the highest share in the global market in 2020, growing at a CAGR of nearly 5.6%.
“Rising incidence of neurological disorders and increasing initiatives by healthcare governing bodies to promote MRI systems are expected to drive market growth over the coming years,” says an analyst of Persistence Market Research.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
MRI Systems Market Manufacturers
MRI Systems Market Distributors/Traders/Wholesalers
MRI Systems Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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MRI Systems Market — Report Highlights
- A detailed overview of parent market of MRI Systems Market
- Changing MRI Systems Market dynamics in the industry
- In-depth segmentation of the MRI Systems Market
- Historical, current, and projected MRI Systems Market size regarding volume and value
- Recent industry trends and developments in MRI Systems Market
- Competitive landscape of the MRI Systems Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on MRI Systems Market performance
- Must-have information for MRI Systems Market players to sustain and enhance their market footprint
Key Questions Answered in the MRI Systems Market Report
How is the MRI Systems Market expected to grow over the projected period?
What direction is the MRI Systems Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the MRI Systems Market in future?
What are the key market drivers in the MRI Systems Market?
What are significant opportunities and improvement areas for MRI Systems Market manufacturers?
What are the key developments and trends taking over the MRI Systems Market?
Which are the emerging countries that are expected to create significant growth opportunities in the MRI Systems Market?
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