GlobalData’s report, “Magnetic Resonance Imaging (MRI) Systems Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033,” reveals that India’s MRI systems market accounted for around 22 per cent of the Asia-Pacific market in 2023
Magnetic Resonance Imaging (MRI) systems in India bear a significant responsibility in addressing the country’s disease burden. They play a crucial role in early and accurate diagnosis, monitoring disease progression, and guiding treatment plans across a wide range of medical conditions. Against this backdrop, India’s MRI systems market is expected to grow at a compound annual growth rate (CAGR) of around 11 per cent through 2033, forecasts GlobalData.
GlobalData’s report, “Magnetic Resonance Imaging (MRI) Systems Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033,” reveals that India’s MRI systems market accounted for around 22 per cent of the Asia-Pacific market in 2023.
Shreya Jain, Medical Devices Analyst, GlobalData comments, “High costs, maintenance issues, power consumption, and the requirement for specialised expertise together pose obstacles to the widespread access to MRI services in India, especially in rural and underserved regions. Over the past decade, there has been a growing emphasis on innovation in radiology and imaging within the medical industry, which has led to the rapid emergence of new technologies, advancements in visualisation techniques, and the integration of Artificial Intelligence (AI).”
Jain concludes, “The anticipated developments in MRI systems in India, including advanced portable and cost-effective MRI solutions, hold the potential to enhance accessibility, especially in remote regions. Furthermore, the integration of AI for image analysis and interpretation stands to elevate diagnostic precision and streamline processes.”