Malaysia MRI Imaging System Market to be Dominated by the Rising Prevalence of Chronic Disorders through 2028
Prevalence of internal diseases
such as congestive heart failure and rising geriatric population is expected to
drive the Malaysia MRI market in
the forecast period, 2024-2028.
According to TechSci Research
report, “Malaysia MRI Market– By Region, Competition, Forecast and
Opportunities, 2018-2028”, the Malaysia MRI market is anticipated to grow
at a significant rate in the forecast period, 2024-2028. The MRI market in
Malaysia is witnessing significant growth because of the rising cases of
chronic disorder in the country. Older adults are more likely to develop
chronic diseases, which can typically be managed but not cured. Cancer, heart
disease, stroke, diabetes, and arthritis are the most prevalent chronic disease
categories. Chronic diseases are long-term health conditions that often
progress slowly over time and may be accompanied by complex symptoms. According
to National Library of Medicine, in Malaysia, hypertension was the most
prevalent chronic condition (7.9%, 7.6 to 8.2), followed by diabetes mellitus
(4.0%, 3.8 to 4.2) in 2019. MRI, on the other hand, offers several
advantages over other imaging techniques. For one, it can produce highly
detailed, three-dimensional images of internal structures, including soft
tissues and organs. This allows physicians to identify abnormalities that may
be difficult or impossible to see with other imaging techniques leading to the
expansion of the Malaysia MRI market. MRI is particularly effective in
identifying the presence and extent of tumors in the brain, breast, prostate,
and many other organs. By using contrast agents, physicians can enhance the
images to better visualize the blood vessels and tissue characteristics of the
tumor, which can help in determining the best treatment plan. MRI is also
useful in diagnosing neurological disorders such as multiple sclerosis,
Alzheimer's disease and Parkinson's disease. These conditions often involve
subtle changes in the brain and nervous system that may be difficult to detect
with other imaging techniques. With MRI, however, physicians can identify these
changes and monitor their progression over time which is likely to fuel the
market over the forecast period.
However, the high knocking
noises associated with MRI scans and occurrence of heat by the radiofrequency
may hamper the growth of the market in the forecast period.
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in-depth TOC on “Malaysia MRI Imaging System Market”
The Malaysia MRI market is
segmented into field strength, type, architecture, application, end user,
source, product, and company.
Based on architecture, the
market is divided into closed MRI systems and open MRI systems. the open MRI
segment is anticipated to grow at a faster rate during the forecast period.
This is attributed to the low sound, flexibility, children friendly and less
artifacts production in open MRI.
Based on application, the market
is divided into brain and neurological, oncology, spine and musculoskeletal,
abdominal, cardiac, and others. The brain and neurological segment is expected
to witness a rise over the forecast period. This is attributed to rising cases
of neurological disorders due to lifestyle changes among the population of
Malaysia.
Based on product, the market is
divided into refurbished and new. The new segment is expected to witness a rise
over the forecast period. This is attributed to the better image quality for
efficient diagnosis of illness.
Major companies operating in
Malaysia MRI market are:
- Siemens Healthcare
- Fujifilm Holdings
- Philips Healthcare
- GE Healthcare
- SIA ARBOR MEDICAL
- Canon Medical Systems
- SHIMADZU
- Best Contact (M) Sdn Bhd.
- Esaote
- I-MEDIC IMAGING SDN. BHD
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“Malaysia MRI market is expected
to witness a significant growth in the upcoming years, due to the growing
awareness about early diagnosing and prevalence of chronic diseases in aged
population in the nation. The increasing technological advancements in imaging
systems and increasing private and government investments and collaborations
will drive a notable market segment in Malaysia, in turn, strengthening the
growth of the market through 2028” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Malaysia MRI Market Segmented
By Field Strength (High-Field MRI Systems (1.5t MRI Systems, 3t MRI Systems),
Low-To-Mid-Field MRI Systems (<1.5t), Others), By Type (Fixed, Mobile), By
Architecture (Closed MRI Systems, Open MRI Systems), By Application (Brain and
Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac, Others),
By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others),
By Source (Import, Domestic), ByProduct (Refurbished, New), By Region,
Competition, Forecast and Opportunities, 2028” has
evaluated the future growth potential of Malaysia 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 Malaysia MRI market.
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