The global magnetic resonance imaging market is forecast to reach USD 8.50 Billion by 2027, according to a new report by Reports and Data. Magnetic Resonance Imaging (MRI) is a non-invasive scanning technology that produces three-dimensional detailed anatomical images by incorporating powerful magnets and radiofrequency, unlike the X-Rays and CT Scans which make use of ionizing radiation technology. Inside parts of various joints, ligaments, cartilage, muscles, tendons, and other injured parts of the body, especially for the disorders of the soft tissues, which cannot be observed with X-Rays and CT scan, can be projected through MRI system. Rising number of geriatric population and increasing incidences of Alzheimer's disease and cancerous and non-cancerous tumors are few diseases that highly require magnetic resonance imaging for the treatments and procedures. An increased awareness about healthcare & wellness, changing neurological & cerebrospinal disease patterns, government supports, and escalating volumes of implementation of the MRI units in various healthcare centers is expected to boost the further rapid growth of this market.

The COVID-19 pandemic has drastically altered the sectors of all the industry verticals across the world and has dynamically changed the economic scenario of the Magnetic Resonance Imaging (MRI) market. The report is furnished with extensive data on the market scenario and financial structure owing to the coronavirus pandemic. The report provides substantial data about the present and future impact of COVID-19 on the market. The report covers extensive analysis of present and future trends and the factors that are likely to influence the growth of the market in a post-pandemic scenario.

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The report aims to help readers and users improve their business performances by providing insightful data about the business sphere, such as recent technological development, product advancements, adoption of strategic business steps, and new processes. The report is formulated through exhaustive primary and secondary research which is verified and validated by industry experts, efficient analysts, and professionals.

The report offers an extensive analysis of the competitive landscape along with business overviews, expansion plans, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product and brand promotions, government and corporate deals, and partnerships, among others.

Leading Players Analyzed in the Report:

GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers AG, Canon Medical Systems Corporation, Hitachi Medical Systems, Sanrad Medical Systems Pvt. Ltd Inc., Esaote SpA, Shenzhen Anke Hi-Tech Co., Ltd., Time Medical Systems, and FONAR Corporation

Machine Type Outlook (Revenue, USD Billion; 2016-2027)

Closed MRI, Open MRI

Sales Channel Outlook (Revenue, USD Billion; 2016-2027)

Online Retailing, Medical Stores & Brand Outlet

Field Strength Outlook (Revenue, USD Billion; 2016-2027)

Low Field Strength, Medium Field Strength, High Field Strength

Application Outlook (Revenue, USD Billion; 2016-2027)

Neurological & Cerebrospinal, Cardiovascular, Abdominal, Breast, Others

End-Users Outlook (Revenue, USD Billion; 2016-2027)

Hospitals, Clinics & Diagnostic Centers, Ambulatory Surgical Centers, Others

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Key Regions Studied in the Report:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The Global Magnetic Resonance Imaging (MRI) Market imparts a deeper understanding of the Magnetic Resonance Imaging (MRI) market by providing a panoramic view of the industry vertical. Furthermore, to offer a better understanding of the competitive landscape, extensive SWOT analysis and Porter’s Five Forces analysis are included in the report. Along with this, feasibility analysis and investment return analysis are also covered in the report.

Further, the report is fragmented on the basis of product types offered in the market, application spectrum, and key regions of the Magnetic Resonance Imaging (MRI) market. The segments are studies based on current and emerging trends in the Magnetic Resonance Imaging (MRI) market. The regional segment covers the key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The regions are studied for the production and consumption patterns, import/export analysis, supply and demand ratio, market share and size based on volume and value, trends and demands, revenue share, and presence of the key players of the market.

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