Global magnetic resonance imaging (MRI) market is expected to grow at a CAGR 6.5% during 2018-2023. The MRI market has varied and innovative products due to the successful outcome of research and development and patents. The pivotal factors for the modest growth of the MRI market include the adoption of diagnostic devices and hybrid operating rooms across the globe. Technological advancement and innovation boosted the MRI market across the globe. R&D in the MRI market will bring technological advancement for better accuracy and patient care. Rising lifestyle-oriented diseases such as Cancer, CVD, CHD, and other neurological diseases are expected to create a huge demand for MRI products globally. MRI products, diagnosis, and treatment are costly and may affect market growth. However, the rising adoption of diagnostic devices and machines are expected to create a huge demand for the MRI market. APAC region has less adoption and development in MRI Market. However, with the rise in healthcare spending and favorable government policies, the APAC region is expected to create a significant opportunity for the market. The market is segmented on the basis of Application, Architecture, Field Strength and Geography. Global Magnetic Resonance Imaging (MRI) Market by application includes Brain &Neurological MRI, Spine & Musculoskeletal MRI, Vascular MRI, Pelvic & Abdominal MRI, Breast MRI, and Cardiac MRI.

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On the basis of geography, the global MRI market has been segmented into North America, Europe, Asia Pacific and Rest of the World. North America generates the highest revenues across the globe due to the huge adoption of an MRI. The major countries contributing to North America MRI market includes the US and Canada. North America has the highest rate of healthcare spending followed by Europe due to a huge number of lifestyle-oriented patients. Untapped APAC region such as China, India, Japan and S. Korea are the most emerging economies due to significant development in the healthcare system. APAC region is expected to create a significant opportunity for MRI market in the future. Improved healthcare spending, infrastructure development, and favorable government policies made the APAC region an emerging economy with significant opportunity for stakeholders.

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Global Magnetic Resonance Imaging (MRI) Market Segmentation

By application

Brain and neurological mri

Spine and musculoskeletal mri

Vascular mri

Pelvic and abdominal mri

Breast mri

Cardiac mri

By architecture

Closed mri systems

Open mri systems

By field strength

Low to mild field mri systems

High field mri systems

Very high field mri systems

Ultra high field mri systems

Competitive landscape

Key strategies

Key company analysis

Regional analysis

North america

United states

Canada

Europe

Uk

Germany

France

Italy

Spain

Rest of europe

Apac

India

China

Japan

Rest of apac

Rest of the world

Company profiles

Agilent technologies, inc.

Amber diagnostics, inc.

Aurora imaging technology, inc.

Canon medical systems corporation

Esoate spa

Emergence teleradiology llc

Fonar corporation

Fujifilm holdings corporation

Ge healthcare

Hitachi medical corporation

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