According to the Prescient & Strategic Intelligence report, “Global Magnetic Resonance Imaging (MRI) Market Size, Share, Development, Growth and Demand Forecast to 2022,”1 the global magnetic resonance imaging (MRI) market size is projected to reach $7.5 billion by 2022, growing at a compound annual growth rate (CAGR) of 5 percent during the forecast period. The market is driven by factors such as growing geriatric population, increasing prevalence of chronic diseases and technological advancements. An increasing awareness about the benefits of MRI technology and increasing healthcare expenditure are also driving the growth of the global MRI market.
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