Rise in ageing population and diseases drive APAC's MRI market

The population aged above 65 in China is projected to reach 247 million by 2030.

A rise in ageing population and incidence of diseases is expected to drive Asia-Pacific’s magnetic resonance imaging (MRI) market, which is projected to register a compound annual growth rate of 3.5% during the forecast period 2021 to 2025, according to Market Insight Reports.

According to the World Population Ageing 2019 report, in China the population aged above 65 years or over is expected to reach 246.98 million by 2030 from 164.48 million in 2019.

“As the number of the elderly population is expected to rise in the near future who are more prone to chronic diseases such as cardiovascular and neurological diseases which will boost the market over the forecast period,” the report stated.

Also considered to be the major factors driving the growth of the market are advanced healthcare facilities, technological advancements, and a growing demand for advanced healthcare facilities like MRI.

MRI is considered to be the best tool for diagnostic imaging and neuroscience research. It provides morphological images with the highest spatial resolution and unmatched soft tissue contrast, as well as the unique functional information of the central nervous system.