Magnetic Resonance Imaging (MRI) Systems Market worth 7.09 Billion USD by 2023

"Magnetic Resonance Imaging (MRI) Systems Market by Architecture (Open MRI Systems and Closed MRI Systems (Standard Bore and Wide Bore)), Field Strength (Low-to-mid Field, High-field (1.5T and 3T), and Very-high Field) - Global Forecast to 2023", The MRI systems market is expected to reach USD 7.09 Billion by 2023 from an estimated USD 5.85 Billion in 2018, at a CAGR of 3.9%. The key factors driving the growth of this market include technological advancements leading to the increased adoption of high-field MRI systems, growing geriatric population, and the discovery of new helium deposits.
The closed MRI systems segment held the largest share of the market in 2017

Based on architecture, the MRI systems market is segmented into closed and open MRI systems. The closed MRI segment is further divided into standard bore and wide bore MRI systems. In 2017, the closed MRI systems segment accounted for the largest share of the MRI systems market. The large share of this segment can be attributed to the superconducting magnets used in these systems to obtain higher image quality and throughput. The wide bore closed MRI segment is also expected to grow at the fastest rate during the forecast period owing to its patient-friendly design that accommodates larger patients.

By field-strength, very-high-field MRI systems to grow at the highest rate during the forecast period

The MRI systems market is segmented by field strength into high-field (1.5T and 3T), low-to-mid field (