The global open MRI systems market size is expected to reach USD 1.4 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.4%. Increasing demand for high strength open MRI systems is expected to drive growth during the forecast period.
Changing
lifestyle and increasing prevalence of age-associated chronic conditions
including cancers and neurological disorders are among the factors expected to
boost the demand for safer and accurate diagnostic imaging devices. Open MRIs
are specifically designed to provide comfort to patients, especially children
and obese patients.
Limited
number of high strength open MRI systems and large number of ongoing studies
are expected to widen the scope for growth of the market over the forecast
period. Launch of Oasis open MRI 1.2T system by Hitachi and rapid geographic
expansion of the company are likely to contribute to the high demand for
advanced open MRIs in developed and developing regions.
Increasing
number of strategic initiatives such as development of advanced software for
open MRI systems and patient-friendly devices with less noise is among the
factors expected to propel market growth. Moreover, rising awareness about
preventive diagnostics and growing medical tourism in developing regions are
some of the factors expected to aid in growth.
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Open MRI Systems
Market Report Highlights
- High field
strength open MRI systems segment is expected to grow at the fastest CAGR
as these systems are effective in capturing detailed images
- Low field
strength open MRI systems segment held the largest market share in 2018
mainly owing to limitations of open structure in integrating high strength
magnets
- On the basis
of application, the brain segment held the largest open MRI systems market
share in 2018 owing to growing geriatric population and high prevalence of
neurodegenerative diseases
- The breast
segment, based on application, is expected to grow at a lucrative rate
mainly due to growing incidence of breast cancer and rising demand for
early diagnosis
- Asia Pacific
is anticipated to witness the fastest growth over the forecast period due
to factors such as rapidly advancing healthcare facilities, increasing
disposable income, rising awareness about preventive diagnostics, and
growing economies
- Major players
in the industry are focusing on technological advancements to enhance
images and reduce the time of diagnosis
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Open MRI Systems
Market Segmentation
Grand View Research has
segmented the global open MRI systems market on the basis of field strength,
application, and regions:
Open MRI Systems
Field Strength Outlook (Volume in ‘000 Units; Revenue, USD Million, 2015 -
2026)
- Low
- Medium
- High
Open MRI Systems
Application Outlook (Volume in ‘000 Units; Revenue, USD Million, 2015 - 2026)
- Brain
- Spine
- Abdominal
- Breast
- Cardiac
- Others
Open MRI Systems
Regional Outlook (Volume in ‘000 Units; Revenue, USD Million, 2015 - 2026)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- Thailand
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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