Superconducting Magnets Market Forecast to Reach $1.6 Billion by 2025
iCrowd Newswire
07 May 2021, 12:08 GMT+10
Superconducting Magnets Market is forecast to reach $1.6 billion by 2025, after growing at a CAGR of 5.6% during 2020-2025. With rise in the consumption medical equipment and MRIs demand, the Superconducting Magnets Market is witnessing an increase in demand. Growing public concerns specially regarding heart will further enhance the overall market demand for superconducting magnets during the forecast period.
Superconducting Magnets Market Segment Analysis - By Application
MRI Machines sector has been the primary market for superconducting magnets. Magnetic Resonance Imaging (MRI) is a non-invasive imaging technology that produces three dimensional detailed anatomical images. It is often used for disease detection, diagnosis, and treatment monitoring. It is based on sophisticated technology that excites and detects the change in the direction of the rotational axis of
Superconducting Magnets Market Forecast to Reach $1.6 Billion by 2025 The Growing Popularity for Medical Equipment and MRI s Demand, Is Likely to Aid in the Market Growth of Superconducting Magnets Market.
BriefingWire.com, 4/22/2021 - Superconducting Magnets Market is forecast to reach $1.6 billion by 2025, after growing at a CAGR of 5.6% during 2020-2025. With rise in the consumption medical equipment and MRIs demand, the Superconducting Magnets Market is witnessing an increase in demand. Growing public concerns specially regarding heart will further enhance the overall market demand for superconducting magnets during the forecast period.
Key Takeaways
Asia-Pacific dominates the Superconducting Magnets Market owing to increasing demand from applications such as MRI machines, mass spectrometers and others.
Global Superconducting Magnets Market 12
The Superconducting Magnets Market – Global industry Analysis, Size, Share, Growth, Trends and Forecast, 2021–2027 report provides AN analysis of the Superconducting Magnets Marketplace for the period 2021–2027, whereby 2020 to 2027 is that the forecast period and 2019 is taken into account because the base year. information for 2016 has been enclosed as historical info. The report covers all the trends and technologies that play a serious role within the growth of the Superconducting Magnets Market throughout the forecast period. It highlights the drivers, restraints and opportunities expected to influence the Market’s enlargement throughout this era. The study provides a holistic perspective on the Market’s growth in terms of revenue and volume (in US$ Mn and Units) across completely different nations that embody North America, Europe, Asia Pacific, Mideast & continent and South America. The report highlights key trends movi