Cardiac MRI Testing Systems Market Report Expects the Market Value of USD 1196 MN BY 2026

Posted On April 24, 2020     

The Global Cardiac MRI Testing Systems Market value is expected to grow from USD 850 MN in 2019 to USD 1196 MN by 2026 at a CAGR of 5% during 2020-2026 as per the market report by Value Market Research. The high prevalence of cardiac diseases among all age groups and a rising elderly population across the globe is a key driver for the Cardiac MRI Testing Market. Technological advancements coupled with computer-aided analysis/diagnosis and development of IT and IoT in healthcare with significant backing from governments is providing a push for market growth. On the other hand, insufficient reimbursement policies especially in emerging and underdeveloped economies and high cost of MRI examinations may cut-down the growth of the market. Also, the ongoing 2019-20 pandemic condition caused by 2019-nCOV is positively driving the MRI test market.

Cardiac MRI Testing Systems are used to capture images of the human heart and nearby blood vessels by using magnets and radio waves. A cardiac MRI is a medical test commonly used to examine and diagnose several health conditions that include congenital and valvular heart diseases, cardiomyopathy, and heart attacks. Even though magnetic resonance imaging is a painless imaging technique with no exposure to ionizing radiation, it is not recommended to people with metal implants or pacemakers. The cardiac MRI testing system utilizes radio frequencies to realign the existing hydrogen atoms of the body without impacting the tissues chemically. This imaging system captures the energy and creates a picture of the tissue.

"Global Cardiac MRI Testing Systems Market Report By Product (Open MRI System, Closed MRI System), By Applications, (Hospital, Clinic, Diagnostic Imaging Center, Other) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" report begins with the market introduction, market snapshot followed by in-depth regional revenue/volume for the next six years. The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future.

By product the Cardiac MRI Testing Systems market is divided into open MRI system, closed MRI system. on the basis of applications the Cardiac MRI Testing Systems market is divided into hospital, clinic, diagnostic imaging center, other.

North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are the regions covered in the report. This geographical section of the report highlights the share of the revenue/volume spread globally. 

The Report Segments Global Cardiac MRI Testing Systems Market -
By Product

  • Open MRI System
  • Closed MRI System

By Applications

  • Hospital
  • Clinic
  • Diagnostic Imaging Center
  • Other

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Players Profiled In the Report:
General Electric Company, Medtronic, Koninklijke Philips N.V., Siemens Healthcare, Canon Medical Systems Corporation, Bruker, Hitachi Medical Systems, Mindray, Neusoft Medical Systems, Ningbo Jansen NMR Technology.

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