Elderly population drives demand

The Magnetic Resonance Imaging (MRI) market in India is projected to grow at a CAGR of 2.61% to reach US$197 million by 2024, from US$169 million in 2018.

The growth is propelled by the growing elderly population, and the prevalence of chronic diseases, said ResearchAndMarkets report “India Magnetic Resonance Imaging (MRI) Market – Forecasts from 2019 to 2024”, released 6 June 2019.

Furthermore, growing health expenditure is augmenting the market growth during the forecast period. In addition, growing research activities are providing and, in the future also will provide an opportunity for MRI installations for research purposes, emanating the market growth in this country.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments.

The report profiles General Electric Company, Siemens Healthcare Private Limited, Canon Medical Systems Corporation, Koninklijke Philips and Hitachi Ltd. fiinews.com