Magnetic Resonance Imaging Market Leading Players Analysis, Size And Growth Factors By 2030
Magnetic Resonance Imaging Industry Overview The global magnetic resonance imaging market size was valued at USD 4.8 billion in 2021 and is expected to expand at a CAGR of 7.1% from 2022 to 2030. Magnetic Resonance Imaging (MRI) is an efficient diagnostic machine for identifying diseases related to spine lesions, tumors, and strokes impacting the area of blood vessels and the brain. The increasing prevalence of diseases is driving the market growth. For instance, as per the International Agency for Research on Cancer, in 2020, 19,292,789 new cancer cases were recorded globally. In addition to this, the growing demand for quick and effective diagnostic procedures is expected to contribute to the adoption of MRI machines. Various countries are installing these MRI machines. As per OECD, in 2020 the number of MRI units installed in the U.S. was 34.54 per million population. Furthermore, the integration of artificial intelligence in MRI is also expected to boost market growth. Gather mo...