Global Magnetic Resonance Imaging (MRI) Systems Market by Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

Global Magnetic Resonance Imaging (MRI) Systems Market was valued at USD 5.65 Billion in 2019, and is set to grow at CAGR of 5.2% over forecast period 2020–2026. The key factors driving the market are rising prevalence of chronic diseases, growing adoption of imaging possibilities with less exposure to harmful radiations and increasing demand for early diagnostic techniques.

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The magnetic resonance imaging (MRI) systems market would benefit from growing investment plans in the healthcare sectors, especially in the Asia Pacific region. In the research segment, a hike in the influx of investment would ensure a better growth rate. As the demand for better diagnosis and non-invasive procedures are rising, people are looking forward to technologies that can inspire better market understanding. However, a high price can create a negative impact on the market.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing awareness regarding early diagnosis is likely to drive the growth of the market.
Continuous technological advancements in MRI systems are driving the growth of the market.
High prices of MRI systems are restraining the growth of the market.
The introduction of hybrid MRI systems is creating new growth opportunities in the market.
Rise in application of these systems for the detection of metastasis in cancer and multiple sclerosis is creating new growth opportunities.