According to the business intelligence report titled ‘Global MRI (Magnetic Resonance Imaging) Market 2022-2028’, available with MarketStudyReport, global MRI (Magnetic Resonance Imaging) market is anticipated to accumulate a sizable valuation of USD 6343 million by the end of 2028, progressing at a CAGR of 8.1% throughout the study period.

Prevalence of chronic diseases such as spine lesions, stroke, and tumors, along with technological advancements that simplify diagnostic procedures and provide improved results are some of the primary factors that are aiding the augmentation of global MRI (Magnetic Resonance Imaging) market.

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In addition, availability of a strong health insurance coverage in major countries will provide an impetus for the market growth in the upcoming years.

Notably, an MRI is known to be more dependable than a regular CT scan as the former diagnostic method provides precise images of disorders in important soft tissues of the human body, including brain, ligaments, tendons, spinal cord, and nerves, which are harder to detect in an X-ray or CT scan.

Moving on to segmentation, global MRI industry is bifurcated in terms of product (3T & 7T MRI systems, 1.5T MRI systems, 0.2T-2T MRI systems, others), anatomy (chest, breast, abdomen & pelvis, musculoskeletal, musculoskeletal resonance angiography, central nervous system, others), and end user scope (hospitals, diagnostic imaging centers).

Speaking of the product landscape, the 1.5T MRI systems segment accounted for the largest industry share in 2021 and is expected to retain its spot in the coming years.

From a regional frame of reference, North America, Europe, and Asia Pacific are the major geographies that contribute significantly to overall market remuneration. A granular analysis of each regional market in terms of size, current trends, and growth potential is included in the document for stakeholders to identify key avenues for expansion.

The competitive framework of global MRI (Magnetic Resonance Imaging) business sphere is influenced by key players such as Fujifilm Holdings Corporation, Koninklijke Philips N.V., Shenzhen Basda Medical Apparatus Co., Ltd., GE Healthcare, ASG Superconductors S.p.A., Esaote S.p.A., Canon Medical Systems Corporation, Aspect Imaging Ltd., Shenzhen Anke High-tech Co., Ltd., Time Medical Holdings Company Ltd., and Fonar Corporation among others.