Israel Magnetic Resonance Imaging (MRI) Market to be Dominated by High-field MRI Systems through 2028
The recent development
of cardiac pacemaker compatible MRI systems are expected to drive the growth of
the Israel Magnetic Resonance Imaging (MRI) Market in the forecast period.
According to TechSci Research report, “Israel Magnetic Resonance Imaging (MRI) Market – By Region, Competition, Forecast and
Opportunities, 2028”,
Israel magnetic resonance imaging
(MRI) market is anticipated to grow at an impressive rate in the forecast
period, 2024-2028. This can be ascribed to the increasing government's
initiative to improve healthcare facilities in Israel. One of the key
initiatives implemented by the Israeli government is the construction of new
hospitals and medical centers. In recent years, the government has invested
heavily in the construction of new medical facilities throughout the country.
For example, in 2020, the government announced plans to build a new hospital in
Jerusalem, which will be the largest hospital in Israel and one of the most
advanced medical centers in the Middle East. This hospital is expected to
provide high-quality care to patients with complex medical needs, including
cancer, heart disease, and neurological disorders. In addition to the
construction of new facilities, the government has invested in upgrading
existing medical centers. For example, in 2019, the government approved a plan
to invest over 2 billion shekels (USD 620 million) to upgrade hospitals
throughout the country, including the addition of new wards, medical equipment,
and technology.
The
Magnetic Resonance Imaging (MRI) market in Israel has seen a notable growth
over the last few years, but there are some challenges. One
of the major challenges, the Israeli MRI market is facing is regulatory
hurdles. The Israeli Ministry of Health regulates medical devices, including
MRI machines, and has strict requirements for safety and efficacy. This can
make it difficult for MRI manufacturers to introduce new products or upgrade
existing ones. In addition, the regulatory process can be time-consuming and
expensive, which can limit the ability of smaller companies to enter the
market. Funding constraints is another challenge, the Israeli MRI market face.
MRI machines are expensive to purchase and maintain, and the cost of running an
MRI facility can be prohibitive for some healthcare providers. In addition, the
Israeli healthcare system is underfunded, which can limit the availability of
MRI services to patients. This can lead to long waiting times for MRI scans,
which can delay diagnosis and treatment. Competition from other imaging
technologies is a challenge being faced by the Israel MRI market. Other imaging
technologies, such as computed tomography (CT) and ultrasound, offer advantages
over MRI in certain situations. For example, CT scans are better at detecting
bone fractures, while ultrasound is often used for obstetric imaging. This can
make it difficult for MRI manufacturers to compete with these technologies.
Browse over XX market data Figures spread through xx Pages and an in-depth TOC on "Israel Magnetic Resonance Imaging (MRI) Market”
Israel magnetic resonance imaging (MRI) market can
be segmented by field strength, type, architecture, application, end user,
source, product, and region.
Based on application,
the Israel magnetic resonance imaging (MRI) market can be segmented into brain &
neurological, oncology, spine & musculoskeletal, abdominal, cardiac, and
others. The brain & neurological segment is expected to dominate the
market during the forecast period because MRI scans provide highly detailed
images of the brain and surrounding tissues without exposing the patient to
ionizing radiation. Another reason MRI is commonly used for brain and
neurological disorders is its ability to produce images in multiple planes and
with a high level of contrast. This enables doctors to visualize even small
structures and subtle changes in the brain's anatomy and function.
Based on product, the Israel
magnetic resonance imaging (MRI) market can be divided into refurbished and new. The refurbished segment dominated
the market in 2022 and is expected to maintain its dominance throughout the
forecast period. This can be attributed to the fact that refurbished MRI
systems are typically less expensive than new ones. This can be particularly
important for smaller medical practices or facilities that may not have the
budget to purchase a brand-new system. Also, refurbished MRI systems can often
be installed more quickly than new ones, as they are already pre-assembled and
tested. This can be especially beneficial for medical practices that need to
start using the machine as soon as possible.
Major companies operating in Israel magnetic resonance
imaging (MRI) market are:
- GE Medical Systems Israel Ltd
- Philips Medical Haifa
- Siemens Healthineers Israel
- Hitachi High-Tech Israel, Ltd.
- Canon Medical Systems (Tzamal Medical)
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“The magnetic resonance
imaging (MRI) market in Israel is poised for growth in the coming years, driven
by the growth in outpatient clinics. One of the upcoming trends in the Israel
MRI market is the development of more powerful and faster MRI machines. As
technology advances, MRI manufacturers are investing in research and
development to create machines that are faster, more powerful, and more efficient.
These machines will enable healthcare providers to conduct MRI scans in a
shorter amount of time, reducing patient wait times and increasing the number
of patients that can be scanned in a day. The use of MRI for personalized
medicine is another upcoming advancement in the Israeli MRI market. By using
MRI to identify specific biomarkers, healthcare providers can create
personalized treatment plans for patients, based on their individual needs and
medical conditions. This approach can lead to better outcomes and improved
patient care.” said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“Israel
Magnetic Resonance Imaging (MRI) Market By Field Strength (High-Field MRI
Systems (1.5t MRI Systems, 3t MRI Systems), Low-To-Mid-Field MRI Systems
(<1.5t), and Others), By Type (Fixed, Mobile), By Architecture (Closed MRI
Systems, Open MRI Systems), By Application (Brain & Neurological, Oncology,
Spine & Musculoskeletal, Abdominal, Cardiac, and Others), By End User
(Hospitals, Imaging Centers, Ambulatory Surgical Centers, and Others), By
Source (Import, Domestic), By Product (Refurbished, New), By Region,
Competition, Forecast and Opportunities, 2028”, has evaluated the future growth
potential of Israel Magnetic Resonance Imaging (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 Israel Magnetic Resonance Imaging (MRI) market.
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