Thursday, December 19, 2019

Magnetic resonance imaging Market Size Industry Analysis, Share, Growth, Trends and Forecast 2023

Market Overview
Magnetic resonance imaging (MRI) Market Industry technique uses a combination of strong magnetic fields and radio waves to derive a detailed image of organs and tissues of a body. The non-invasive magnetic resonance imaging medical Device technique, unlike radiation-based imaging, does not expose patients to any radiation-related adverse effects. Thereby, leading to an increase in number of patients opting for MRI over other medical imaging techniques like CT scan. These factors are anticipated to impel the magnetic resonance imaging market growth. Increase in number of patients with cardiovascular, neurological and ophthalmic disorders in geriatric population is spiking the need for diagnostic attention which is expected to be another factor propelling the market growth. Moreover, these instances are creating great scope for market key players to invest in research and development activities like drug discovery processes and preclinical research, to investigate possible contributions of MRI Size technique. This is likely to cast a positive impact on the magnetic resonance imaging market.
However, challenges like strict regulatory laws imposed by governments and insufficient reimbursements policies for magnetic resonance imaging (MRI) Data system procedures can hinder the MRI market expansion. High cost of the MRI instrument and lack of trained operators are expected constraints on the market proliferation. The Market Research Future’s (MRFR) report on the global magnetic resonance imaging market mentions that the market is likely to register a CAGR of 3.5% during the forecast period of 2017-2023 and the market valuation is expected to scale up to USD 5 Billion by 2023 end. 
Key players
Some of the top-notch companies in the MRI market which are profiled by MRFR are Hitachi, Siemens AG, Canon Medical Systems, GE Healthcare, Philips, Toshiba Corporation, Toshiba Corporation, Xingaoyi, and Aurora Imaging Technologies, Inc.

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