According to the report “Global Closed MRI Systems Market,” published by Market Data Forecast, the global market is projected to reach USD 4.28 billion by 2021 from USD 3.37 billion in 2016, at a CAGR of 4.9% from 2016 to 2021.
Closed MRI’s have been around the longest and make use of a capsule-like space to take high quality images. The machine is actually a magnet the patient lies in, and a radio wave is used to send signals to the body and receive them back. The returning signals are converted into images by a computer attached to the scanner. MRI scanners come in different magnet field strengths measured in teslas or “T”, usually between 0.5T and 3.0T. The results of these images are very detailed, allowing doctors to make an accurate diagnosis and craft a specific treatment plan for your condition. Because of the shape of the scan, it is able to take images of areas not available with any other scans, meaning that in some cases closed MRIs are absolutely necessary.
The drawbacks of the closed MRI lies specifically in the lack of comfort they afford the patient. The dimensions and shape of the scans are very small and encapsulated causing claustrophobia. The fact that it takes several minutes to take a full scan increases the risk of claustrophobia and panic attacks can develop in some cases. Movement inside the capsule ruins the images, so it is also crucial that the patient stay extremely still or risk having to repeat the scan. In addition, the narrow dimensions mean that large or obese patients are unable to fit in many traditional closed machines.
The problems patients have had with the closed scans has led engineers and scientists to develop wide-bore MRIs. Although still closed in the traditional sense, these MRI machines have larger internal dimensions decreasing the likelihood of panic attacks and claustrophobia inside the machines and allowing for larger patients to fit.
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Global Closed MRI Systems Market: Drivers & Restraints
There are many drivers in this market like increase in aging population, developments in MRI techniques, Developing Markets, open architecture, and software Applications, and development of MRI compatible pacemakers. But some of the factors like high cost of MRI systems, draining helium gas deposits, declining reimbursement rates, lack of skilled labor and complexity of machines are restraining the market.
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Global Closed MRI Systems market: Segmentation
- Low to Mid Field
- High Field
- Very High Field
- Ultra High Field
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Global Closed MRI Systems market: Overview
Presently, MRI is the most commonly used non-invasive imaging modality for early diagnosis and screening of various diseases, such as multiple sclerosis (MS), dementia, breast cancer, prostate cancer, spinal tuberculosis, and Alzheimer. This will further improve the overall demand for closed MRI systems all around the world.
Furthermore, advancements in MRI techniques include superconducting (SC) magnets, open architecture, high-field MRI, and software applications. The advent of MRI-compatible pacemakers will significantly increase the number of patients eligible for MRI procedures. However, high cost of MRI systems, reduction in the availability of helium that could force hospitals to replace costly MRI magnets, and declining reimbursement rates for MRI procedures are factors restraining the growth of the closed MRI system market.
Global Closed MRI Systems market: Region-wise Outlook
Based on Geography, this market is further segmented in to North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America has the largest share followed by Asia-Pacific. Asia-Pacific will be fastest growing region because of increase in spending limit.
Key Questions Answered
- What is the current and future Closed MRI Systems market outlook worldwide? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Closed MRI Systems space globally?
- What are the key, high growth markets that Closed MRI Systems manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Closed MRI Systems currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook Closed MRI Systems?
- What are the challenges and barriers that have hindered widespread adoption of Closed MRI Systems?
Global Closed MRI Systems market: Key Players
Key players in the Closed MRI systems market are Hitachi Medical Corporation, Toshiba Medical Systems, Siemens Healthcare, GE Healthcare, Imris Inc., Fonar Corporation, Esaote S.P.A, Neusoft Medical System, Aurora Medical Imaging and Philips Healthcare.
Reasons to buy Global Closed MRI Systems market Report:
- Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
- Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
- A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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