Ireland MRI Market to be Dominated by the Oncology segment by 2028
Growing prevalence of chronic diseases
across Ireland is expected to drive the growth of the Ireland MRI Market in the
forecast period, 2024-2028.
According to TechSci Research report, “Ireland MRI Market– By Region,
Competition Forecast and Opportunities, 2018-2028F,” the Ireland MRI Market is anticipated to grow at a steady rate in the
forecast period, 2024-2028. This is attributed to the growing demand for MRI
for the diagnosis of various chronic diseases among the population.
Additionally, the increasing cases of cancer across Ireland, along with the
increasing research and developments in cancer diagnosis and treatment, are
propelling the Ireland MRI Market and are also expected to positively influence
market growth in the forecast period.
The increasing
prevalence of cancer has created a compelling need for advanced diagnostic
tools, including MRI, to aid in early detection, accurate staging, and
treatment planning. According to the National Cancer Registry Ireland,
approximately 36,907 invasive cancers were diagnosed annually during 2018-2020,
or 24,793 cancers excluding the common but rarely fatal non-melanoma skin
cancer. In total, an estimated 44,753 cancers and non-invasive tumors
registrable by NCRI were diagnosed annually in the same period.
Across most forms of the disease, men were
more likely to have a cancer diagnosis than women, and age-standardized rates
were about 20% higher in men for all cancers combined (excluding non-melanoma
skin cancer). MRI can detect subtle abnormalities and provide precise
information about the characteristics of tumors, including their vascularity,
composition, and invasiveness. This helps oncologists and radiologists
accurately stage the cancer and determine the appropriate course of treatment,
and, in turn, boost the Ireland MRI Market.
Additionally,
the rising demand for healthcare investment around the world is expanding and Ireland
is upgrading its infrastructure to meet the growing healthcare demands. The
inclusion of advanced diagnostic imaging technologies, such as MRI systems, has
recently become apparent as healthcare providers increase their investment in
facilities. This has affected the demand for MRI. Therefore, the rise in
healthcare infrastructure is fueled by the growth of the Ireland MRI Market.
Moreover,
improved patient awareness about the benefits of MRI and its role in accurate
diagnosis and treatment has contributed to the market's growth. Patients are
actively seeking advanced imaging options and requesting MRI scans, driving the
demand for MRI equipment. Researchers and manufacturers are constantly striving
to develop advanced technologies that boost the growth of the Ireland MRI
Market in the forecast period.
However, the high cost of acquiring and
operating MRI systems can be a significant restraining factor for healthcare
facilities, particularly smaller clinics or those with limited financial
resources. The capital investment required for purchasing and maintaining MRI
systems can deter some healthcare providers from adopting or upgrading their
imaging capabilities. Additionally, limited availability in remote areas is
limiting the MRI imaging market in the country. In Ireland, there may be
disparities in access to healthcare services, particularly in remote or rural
areas. MRI technology is typically concentrated in larger urban centers, making
it less accessible for patients residing in remote areas.
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in-depth TOC on "Ireland MRI Market.”
Based on type, the market is segmented
into fixed and mobile. The fixed segment dominated the market in 2022 and the
mobile segment is expected to hold the largest share in the forecast period due
to advancement in technology, rising cancer cases and busy lifestyle of
population.
Based on architecture, the market is
segmented into closed MRI systems and open MRI systems. The closed MRI system
segment dominated the market in 2022. This is due to powerful magnetic fields
and high-frequency radio waves to obtain detailed images. A closed structure
enables getting detailed slice selection and error-free analysis. Patients in
the closed MRI may feel claustrophobic and disturbed due to its loud noise.
These problems may result in inaccurate results.
Based on Application, the market is
segmented into brain and neurological, oncology, spine and musculoskeletal,
abdominal, cardiac, and others. The oncology segment dominated the market in
2022. This is due to the rising prevalence of cancer across the country in both
men and women.
Based on end user, the market is
segmented into hospitals, imaging centers, ambulatory surgical centers, and
others. The hospitals segment dominated the market in 2022 is expected to rise
in the forecast period due to the presence of overall facilities for the
treatment of all types of chronic diseases such as cancer, that requires the
diagnosis for its further treatment.
Major companies operating in the Ireland
MRI Market includes:
· Siemens Healthineers Ireland
· Johnson & Johnson Ireland Limited
· Abbott Ireland Limited
· Boston Scientific Ireland Ltd
· Medtronic Ireland Limited
· LivaNova Ireland Limited
· Integer Ireland Medical Ltd
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“The high prevalence of
chronic diseases, such as cancers, neurological disorders, and musculoskeletal
conditions, along with the rising need for the diagnosis of these disorders, is
leading to an increase in demand for MRI. This trend is positively influencing
the Ireland MRI Market. Additionally, the growing advancements in MRI
techniques, such as high-resolution capabilities, improved patient comfort, and
automated scanning methods, are making MRI more advanced. As a result, the
Ireland MRI Market is experiencing lucrative growth in the diagnosis of chronic
diseases and severe injuries," said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Ireland MRI Market By Type (Fixed, Mobile), By Architecture
(Closed MRI Systems and Open MRI Systems), By Source (Domestic v/s Import), By
Application (Brain and Neurological, Oncology, Spine and Musculoskeletal,
Abdominal, Cardiac, Others), By End User (Hospitals, Imaging Centers,
Ambulatory Surgical Centers, Others), By Region, Competition Forecast &
Opportunities, 2028F,” has
evaluated the future growth potential of Ireland MRI Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Ireland MRI Imaging Market.
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