Magnetic Resonance Imaging (MRI) Systems Market Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

 

Magnetic Resonance Imaging (MRI) Systems Market
Magnetic Resonance Imaging (MRI) Systems Market

Magnetic resonance imaging systems are increasingly being used. The growth of the global Magnetic Resonance Imaging System Market is positively impacted by the growing awareness of the advantages of diagnostic imaging systems. Additionally, the market is anticipated to grow thanks to the innovation and hybrid MRI systems that provide high-quality imaging. Additionally, the market is anticipated to be driven by the expanding geriatric population in both developed and developing economies, as well as the rising prevalence of chronic diseases. The lack of qualified workers and the high price of MRI systems, however, could limit market expansion. A significant barrier to the market is the inability of MRI to be used or compatible with patients who have non-removable metal substances in their bodies.

Key Magnetic Resonance Imaging (MRI) Systems market participants are introducing new products to broaden their product portfolios and improve their market share. For instance, the Dutch conglomerate company Royal Philips introduced new 1.5- and 3-tesla MRI scanners in November 2021, along with software-based workflow improvements that are intended to help radiology facilities run more effectively.

Over the forecast period, the Magnetic Resonance Imaging (MRI) Systems market is anticipated to grow as more market participants make acquisitions. For instance, in July 2022, the medical equipment company Canon Medical Systems announced the expansion of its distributorship with the purchase of NXC Imaging, a distributor and service provider of medical imaging equipment. It is anticipated that this acquisition will increase Canon Medical Systems' sales and service reach in the northern U.S.

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