The number of Magnetic Resonance Imaging (MRI) units in the US has grown significantly from 2013, where it stood at 11.22 thousand units, to 13.94 thousand units in 2023. This represents a notable increase despite some fluctuations observed over the years. From 2014 to 2023, the market displayed varying year-on-year changes, peaking in 2014 with an 8.16% rise and seeing a significant dip of -13.45% in 2020, likely influenced by the COVID-19 pandemic. The last recorded CAGR over five years (2019-2023) was 1.68%.
Looking ahead, forecasts suggest continued growth, reaching 15.6 thousand units by 2028. This implies a forecasted 5-year CAGR of 1.79% and a growth rate of 9.29% over the same period.
Future Trends to Watch:
- Technological advancements in MRI efficiency and capabilities
- Increased healthcare spending and reforms driving demand
- Potential impacts of economic shifts and healthcare policies on growth
- Competition from emerging imaging technologies
