Launch of MRI compatible monitoring systems is expected to propel growth of the magnetic resonance imaging (MRI) systems market. In December 2019, Iradimed Corporation announced completion of the CE Mark renewal process for its MRI compatible patient vital signs monitoring systems. The company resumed shipments of the systems into European Commission markets after the renewal.

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Medical imaging uses strong magnetic fields to produce detailed images of internal organs in patients and thereby help in better diagnosis. MRI technology is used in all kinds of medical imaging. A portion of MRI equipment includes MRI scanners. These equipment use radio waves or electromagnetic radiation to create images of soft tissues and organs. These hard tissue images are produced by passing through the target tissues and by adjusting the radio waves’ frequency and wavelength to resonate with the target. This enables the instrument to make a more detailed and in turn, more effective examination of the target organs.

The global magnetic resonance imaging (MRI) market was valued at US$ 5,107.3 Mn in 2020 and is forecast to reach a value of US$ 6,637.2 Mn by 2027 at a CAGR of 3.3% between 2021 and 2027.

Products in the magnetic resonance imaging (MRI) systems markets are used to diagnose and monitor almost every type of disease. These products enable physicians to make a quicker diagnosis and monitor patients much more efficiently. MRI scans have also proven useful in the treatment and recovery of cancer patients. The medical imaging machine produces two images, a superimposed image that is covered by a glass panel and a real time x-ray that is taken just as the patient lies in a hospital bed. These two images together are able to provide a clearer picture than the conventional x-rays because they produce images from different angles, which are more sensitive to subtle changes in body structures. They also are able to provide faster pictures when dealing with multiple problems.

Magnetic resonance imaging (MRI) systems market products have revolutionized the way that doctors and healthcare providers do their work. There are many uses for this modern medical instrument which makes it vital for diagnosing and monitoring almost all types of illnesses and conditions. It is often compared to a giant digital camera which is able to create images at a much faster speed than any other device. It has made the examination of patients faster, more accurate and more valuable.

There are a number of diseases that can be better diagnosed through MRI procedures. These include: atherosclerosis, cardiovascular diseases, congenital heart defects, and even certain forms of cancers. Thus, increasing prevalence of chronic disorders is expected to propel growth of the global magnetic resonance imaging (MRI) systems market. According to the American Cancer Society, in 2019, there will be an estimated 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the U.S.

Because of the growing medical imaging sector, the global magnetic resonance imaging (MRI) systems market is also expected to witness significant growth. The images created through MRI are often used as a diagnostic test by doctors to determine the severity of a heart condition or whether a patient has suffered a cerebral hemorrhage. It is also used in conjunction with an endoscopic ultrasound to create a cross-sectional view of a human brain.

Top Key Players Include In Magnetic Resonance Imaging (MRI) Systems Market: Seimens AG, Koninklijke Philips N.V., Aurora Imaging Technologies Inc., General Electric Company, Hitachi Ltd., Esaote SpA and Toshiba Corporation.

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