The global MRI market is projected to reach approximately $4.8 billion by 2016 from $4 billion in 2011, according to a MarketsandMarkets news release.
The company's report, "Magnetic Resonance Imaging (MRI) Market: Advanced Technologies and Global Forecast (2011-2016)," estimated the global market will increase at a compound annual growth rate of 3.55 percent from 2011-2016. MarketsandMarkets said the major market drivers were the increasing aging population and incidence of diseases as well as MRIs' safety for providers and patients.
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The company's report, "Magnetic Resonance Imaging (MRI) Market: Advanced Technologies and Global Forecast (2011-2016)," estimated the global market will increase at a compound annual growth rate of 3.55 percent from 2011-2016. MarketsandMarkets said the major market drivers were the increasing aging population and incidence of diseases as well as MRIs' safety for providers and patients.
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