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Jul 1, 2020 2:44 AM ET

Magnetic Resonance Equipment Market Top Key Players, Size Estimation, Industry Share, Business Analysis and Growth Forecast to 2026

iCrowd Newswire - Jul 1, 2020

Magnetic Resonance Equipement Market is a professional and comprehensive report on the industry. The report monitors the key trends and market drivers in the current scenario and offers on-the-ground insights.

The Global “MRI Equipment Market 2020”, which remained at US$ 7,165.6 Mn in 2017, will reach US$ 11,725.9 Mn before the finish of 2025. In the event that these figures demonstrate genuinely, the worldwide attractive reverberation imaging gear market will ascend at a CAGR of 6.4% somewhere in the range of 2018 and 2025. The rising demand from musculoskeletal application segment is prognosticated to help the global MRI Equipment Market rise at a positive pace, finds Fortune Business Insights in their new study. The study is titled, “Magnetic Resonance Imaging Equipment Market: Global Market Analysis, Insights and Forecasts, 2018 2025.”


Key Players Operating in The MRI Equipment Market Include:


Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:













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Highlights of the Report:







The advent of Superconducting Magnets and Software Upgrades to Boost Market


Using magnetic resonance imaging technique is considered as an effective way of diagnosing disorders of the central nervous system, spine lesions, tumors, and the stroke affected areas of blood vessels and brain. The demand for this system is increasing with the rising geriatric population and their susceptibility to various diseases.


Also, the rising demand for minimally invasive or non-invasive diagnostic procedures will boost the uptake of magnetic resonance imaging machines. With recent advancements in scanning techniques such as superconducting magnets, MRI systems, and software grades, the demand for magnetic resonance imaging machines is also increasing. Such factors will bode well for the market during the forecast tenure.


Increasing Emphasis of Early Diagnosis to Boost MRI Equipment Market in Latin America


The increasing adoption of MRI systems for detection of severe internal injuries is propelling the MRI Equipment Market in the Asia Pacific. This regional market also exhibits growth at a relatively higher pace. Besides, the increasing incidence of neurological and musculoskeletal disorders and the rising number of the patient pool will also bode well for the market. Government initiatives for installing new MRI machines in developing economies is likely to boost the market in the Asia Pacific.


The adoption of new MRI techniques and the presence of the majority of market players in North America will help the market to emerge at the fore. Meanwhile, the market in Latin America is likely to witness lucrative growth opportunities because of the increased adoption of MRI systems in the region. This, coupled with the rising emphasis of early diagnosis will help the market in Latin America contribute a significant share in overall market revenue.


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Segmentation of the Global Magnetic Resonance Imaging (MRI) Systems Market


By Strength






By Application








By End user







By Geography








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