The MRI exams in US hospitals have shown fluctuating trends over the past decade. Initial years from 2013 to 2016 witnessed a decline. However, 2017 marked a significant recovery with a 9.7% increase. This improvement was followed by minor variations until 2019 which saw an uptick of 6.74%. The pandemic year of 2020 caused a sharp drop of 11.05%, but the market rebounded strongly in 2021 with a 13.02% increase. By 2023, MRI exams stood at 20.113 million, reflecting a 5.16% uptick from the previous year.
Looking forward, forecasted data suggests a steady rise, with exams expected to grow to 22.807 million by 2028, reflecting a five-year CAGR of 1.99%. This growth translates to an overall 10.38% increase over the period.
Future trends to watch for include advances in MRI technology, potential changes in healthcare policies, and increased accessibility which could drive higher utilization rates. Additionally, an aging population and rising prevalence of chronic diseases may further spur demand for MRI exams.
