Forecast: Magnetic Resonance Imaging Exams in Hospitals in Australia

Between 2013 and 2023, the number of MRI exams in hospitals in Australia exhibited a steady growth, increasing from 1.6 to 2.3 exams per thousand persons. This period saw year-on-year variations oscillating, with notable spikes in 2020 and 2021 that were followed by a decline in 2022 before picking up again in 2023. The past five years (2018-2023) reflect an average annual growth rate (CAGR) of 2.83%, indicating a moderate but positive growth trend.

Future trends (2024-2028) show a forecasted steady increase, with the number of MRI exams expected to rise from 2.4 to 2.6 per thousand persons, corresponding to a five-year compound annual growth rate (CAGR) of 1.61% and a cumulative growth rate of 8.33%.

Future trends to watch for:

  • Advancements in MRI technology making scans more efficient and accessible.
  • Changes in healthcare policy and insurance coverage affecting the demand for MRI exams.
  • Potential impacts of emerging health issues or pandemics on MRI usage.

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