According to the report Open MRI System Market, published by Market Data Forecast, the global market is projected to reach USD 3.16 billion by 2021, at a CAGR of 7.10% from 2016 to 2021.
Magnetic Resonance Imaging (MRI) is of two types open MRI and closed MRI. Closed MRI holds the largest share in the Global MRI system market. Magnetic Resonance Imaging is a medical imaging technique which uses magnetic field and pulses of radio wave energy. Medical imaging is the method of making a visual image of the inside of the body for medical intervention. This helps in creating a databank of normal anatomy and physiology of internal organs so that any irregularity can be observed immediately. During the MRI test the patient has to lie on his back on a table part of the MRI scanner and head, chest and arms might be strapped to keep the body still. The table will slide in the magnetic space.
An open MRI has a larger opening in comparison with standard MRI machine. Some magnets do not completely surround the body. For claustrophobic people open MRI is one of the best ways to use without any suffocation. It is also be easily used for obese people. Open MRI Machines are not available in all diagnostic or health centres. Many developing countries are bound to invest in these machines for betterment of the people.
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Open MRI System Market: Drivers & Restraints
Open MRI System market growth is likely to propagate in the future as per current trends of increase in the number of patients across the globe. Increasing geriatric people in Asian and African countries and advancements in MRI techniques in North America and Europe regions are fuelling the demand for Open MRI System market. With addition to it, people suffering from multiple sclerosis and breast cancer are likely to diagnose by Open MRI Systems and these risk factors are growing over the years. Increasing government’s focus over the healthcare sector in developing countries elevating the investment in Open MRI System market is across the Asia Pacific region. The restraints involved in the market are high cost of MRI machines, depositing of depleting helium gas and decreasing rate of reimbursement for MRI procedures.
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Open MRI System Market: Segmentation
By Field Strength
- Low to Mid field
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Open MRI System Market: Overview
Open MRI systems are not as widely used as closed MRI systems. Most of the developing nations are contributing a huge investment to improve the diagnostic imaging techniques. An Open MRI machine consists of both top and both magnetic areas and the patient is not enclosed. These machines are essential in medical fields especially Neurology. Neurologists majorly depend on these MRI system techniques for accuracy to diagnose central nervous system. Other medical specialists that rely on the MRI systems are neurosurgeons, orthopaedic surgeons and chiropractors.
Therefore, the research and innovative developments in the diagnostic techniques have increased the demand for the procedures. These devices have a high level of accuracy. This market is able to grow because of increase in the patients and high demand of Open MRI systems in various medical fields.
Open MRI System Market: Region-wise Outlook
North America is the top marketplace for Open MRI System because of increasing of aged population. More than the developed countries, the developing countries like Asia-Pacific holding second largest market, China, Japan, Middle East and Africa will likely to show tremendous growth in the market in the future due to increasing disposable income. Western Europe is observed as the growing market with the increase in the number of patients than Eastern Europe.
Key Questions Answered
- What is the current and future Open MRI Systems market outlook all over the world? What trends are affecting the Global market?
- What is the competitive landscape and market share of major players in the Open MRI Systems space globally?
- What are the key, high growth markets that Open MRI Systems manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the Open MRI Systems currently on the market? How will emerging technologies fulfil these unmet needs?
- What is physician perception and market outlook of Open MRI Systems?
- What are the challenges and barriers that have hindered widespread adoption of Open MRI Systems?
Open MRI Systems Market: Key Players
Generic drugs with several brand names are being manufactured in different parts of the world. Some of the global key players in Open MRI Systems market are Hitachi Medical Corporation (Japan), Toshiba Medical Systems (Japan), Siemens Healthcare (Germany), GE Healthcare (U.K.), and Philips Healthcare (Netherlands).
Reasons to buy Open 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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