Global MRI Systems Market to Grow by USD 1.5 Billion in 2019-2023
By MedImaging International staff writers Posted on 07 Feb 2019 |
Image: The growth of the global MRI systems market size is projected to grow by almost USD 1.58 billion between 2019-2023 (Photo courtesy of Siemens Healthcare).
The global MRI systems market size is projected to grow at a CAGR of more than 5%, or by almost USD 1.58 billion, during the forecast period 2019-2023, driven primarily by technological advances.
These are the latest findings of Technavio Research, (London, UK), a global technology research and advisory company.
A CT scanner requires ionizing radiation for acquiring body images, whereas technological advances in MRI scanners now allow clinicians to perform the same body scan with higher clarity and accuracy without ionizing radiation. The introduction of new generation MRI scanners has significantly simplified cardiac MR procedures. There have also been significant advances in MRI technology in the area of software and computing, allowing end-users to capture faster and more accurate scans with greater detail.
Geographically, the US and Canada are the major revenue contributors to the MRI systems market in the Americas. Increased healthcare spending in North America and South America has been driving the growth of the MRI systems market in the region. Additionally, in Brazil, initiatives such as the Unified Health System offering free healthcare services to all permanent residents and foreigners have increased access to medical facilities, thereby fueling the growth of the country’s MRI systems market.
Related Links:
Technavio Research
These are the latest findings of Technavio Research, (London, UK), a global technology research and advisory company.
A CT scanner requires ionizing radiation for acquiring body images, whereas technological advances in MRI scanners now allow clinicians to perform the same body scan with higher clarity and accuracy without ionizing radiation. The introduction of new generation MRI scanners has significantly simplified cardiac MR procedures. There have also been significant advances in MRI technology in the area of software and computing, allowing end-users to capture faster and more accurate scans with greater detail.
Geographically, the US and Canada are the major revenue contributors to the MRI systems market in the Americas. Increased healthcare spending in North America and South America has been driving the growth of the MRI systems market in the region. Additionally, in Brazil, initiatives such as the Unified Health System offering free healthcare services to all permanent residents and foreigners have increased access to medical facilities, thereby fueling the growth of the country’s MRI systems market.
Related Links:
Technavio Research
Latest Industry News News
- Bayer and Google Partner on New AI Product for Radiologists
- Samsung and Bracco Enter Into New Diagnostic Ultrasound Technology Agreement
- IBA Acquires Radcal to Expand Medical Imaging Quality Assurance Offering
- International Societies Suggest Key Considerations for AI Radiology Tools
- Samsung's X-Ray Devices to Be Powered by Lunit AI Solutions for Advanced Chest Screening
- Canon Medical and Olympus Collaborate on Endoscopic Ultrasound Systems
- GE HealthCare Acquires AI Imaging Analysis Company MIM Software
- First Ever International Criteria Lays Foundation for Improved Diagnostic Imaging of Brain Tumors
- RSNA Unveils 10 Most Cited Radiology Studies of 2023
- RSNA 2023 Technical Exhibits to Offer Innovations in AI, 3D Printing and More
- AI Medical Imaging Products to Increase Five-Fold by 2035, Finds Study
- RSNA 2023 Technical Exhibits to Highlight Latest Medical Imaging Innovations
- AI-Powered Technologies to Aid Interpretation of X-Ray and MRI Images for Improved Disease Diagnosis
- Hologic and Bayer Partner to Improve Mammography Imaging
- Global Fixed and Mobile C-Arms Market Driven by Increasing Surgical Procedures
- Global Contrast Enhanced Ultrasound Market Driven by Demand for Early Detection of Chronic Diseases