Global MRI market foresees 6.4% CAGR growth until 2028

The market is projected to grow to $9.8b within the forecast period.

The Magnetic Resonance Imaging (MRI) market is expected to reach $9.8b at a compound annual growth rate (CAGR) of 6.4% until 2028.

A report by BCC Research revealed that rising demand for advanced imaging technologies for clearer and more accurate results served as a key driver to the market’s growth.

Additionally, the market was driven by factors such as the rising global geriatric population, increased prevalence of chronic diseases, and a hike in healthcare spending.

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The report also mentioned that in terms of architecture, the closed MRI segment is expected to dominate the market in 2028.

Aside from architecture, the market was segmented based on field strength, application, end-user, and region.