Open System MRI Market to grow with a CAGR of 6.50% through 2030F
Increasing healthcare infrastructure and a supportive
regulatory environment are the major drivers for the Global Open System MRI
Market.
According to TechSci Research report, “Open System MRI Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast,
2020-2030F”, Global open system MRI Market has valued at USD 1.35
billion in 2024 and is anticipated to witness an impressive growth in the
forecast period with a CAGR of 6.50% through 2030F. This can be due to
collaborations and partnerships among leading companies with a diverse approach
to merge the expertise of individual companies and to strengthen their position
in the market.
Market expansion in emerging economies is a significant driver of demand for
the global open system MRI (Magnetic Resonance Imaging) market. Emerging
economies, which include countries in Asia, Latin America, the Middle East, and
Africa, are experiencing rapid economic growth, increased healthcare
investments, and expanding healthcare infrastructure.
As emerging economies experience economic growth,
governments and private sectors often allocate more resources to healthcare.
Increased healthcare spending translates into greater investments in medical
equipment, including MRI systems. Emerging economies are building and upgrading
healthcare facilities, including hospitals and diagnostic centers, to meet the
healthcare needs of their growing populations. The acquisition of modern
medical imaging equipment is a priority to enhance healthcare services. Emerging
economies often face a higher burden of diseases, including non-communicable
diseases such as cardiovascular diseases and cancer. MRI technology is vital
for early diagnosis, disease staging, and treatment planning.
Open MRI systems are more acceptable by people who suffer from claustrophobia and panic attacks because they carry a lower risk of these disorders. For scanning newborns, open systems are typically preferable since they can handle fatter and stockier patients. As open systems enable diagnostic imaging of a variety of illnesses, hospitals and diagnostic facilities choose to purchase them.
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Global Open System MRI Market segmentation is based on resolution,
application, and region.
Based on application, in 2024, the Global Open System
MRI Market largest share was dominated by Cardiology segment in the forecast
period and is predicted to continue expanding over the coming
years. Cardiovascular diseases are a leading cause of mortality and
morbidity globally. The demand for cardiovascular imaging techniques, including
cardiac MRI, has been increasing due to the need for accurate diagnosis,
monitoring, and treatment planning for heart-related conditions. MRI is a
non-invasive imaging modality known for its high spatial and contrast
resolution. It provides detailed images of the heart's structure and function,
making it an essential tool for diagnosing various cardiac conditions such as
myocardial infarctions, cardiomyopathies, and valvular diseases. Over the
years, there have been significant advancements in cardiac MRI technology,
including faster imaging techniques, improved image quality, and enhanced
post-processing capabilities. These advancements have made cardiac MRI more
accessible and valuable in clinical practice.
Based on region, Asia-pacific region to fastest growth in
the Global Open System MRI Market. APAC is the most populous region in the
world, with a significant and growing population. A larger population often
translates to increased demand for healthcare services, including diagnostic
imaging such as MRI scans. Many countries in the APAC region have been
experiencing robust economic growth over the past few decades. This economic
prosperity has led to an expansion of healthcare infrastructure, increased healthcare
spending, and greater accessibility to advanced medical technologies, including
MRI systems. As income levels rise in APAC countries, there is a growing
awareness of healthcare and a greater focus on preventive and diagnostic
healthcare services. This increased awareness drives the demand for medical
imaging services, including MRI scans.
Some of the major companies operating in the Global Open System MRI Market
include:
· GE
Healthcare
· Hitachi
Medical Corporation
· Philips
Healthcare
· Siemens
Healthcare
· ESAOTE
SA
· Canon
Medical Systems Corporation
· Hologic
Inc.
· Nordion
Inc.
· Onex
Corporation (Carestream Health)
· Shimadzu
Corporation
· Toshiba
Corporation
· Barco
N.V.
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“Certain areas, particularly in North America, are projected to exert
significant demand for MRI. The growth in the competitive landscape and the
presence of well-established companies in the market, committed to enhance the
overall wellbeing of people each year, are expected to contribute to a
remarkable growth of the Global Open System MRI Market in the forecast
period" said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based Global management consulting firm.
"Open System MRI Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Resolution (Low-field scanner, Mid-field scanner and High-field scanner), By Application (Neurology, Gastroenterology, Oncology, Cardiology and Other), By Region & Competition, 2020-2030F" evaluated the future growth potential of
Global Open System MRI Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
innovative 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 Global Open
System MRI Market.
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