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Asia Pacific Closed MRI Systems Market Research Report – Segmented By Field Strength, Application and Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis on Size, Share, Trends & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 2233
Pages: 135

APAC Closed MRI System Market Size (2022 to 2027)

The size of the Asia-Pacific Closed MRI Systems Market was worth USD 0.69 Billion USD in 2022. It is further expected to reach 1.00 billion USD by 2027, growing at a CAGR of 7.73% from 2022 to 2027. The market for closed MRI systems in the Asia Pacific is expanding due to an older population and increased public knowledge of the benefits of MRI scanning.

Magnetic resonance imaging (MRI) is a method used in radiology to capture images of physiological processes within the body. A closed magnetic resonance imaging (MRI) system is a tube-like tunnel with a strong magnetic field that allows higher resolution and thinner slices. Understanding smaller bodily parts are advantageous. In addition, it scans people faster than traditional MRI scanners. Closed magnetic resonance imaging (MRI) systems employ a magnetic field and radio waves to screen and diagnose diseases such as multiple sclerosis (MS), cartilage degeneration in the knees, breast cancer, dementia, and prostate cancer.

Increased technological advancements, such as combining MRI with PET or CT to provide imaging options with less harmful radiation exposure, rising MRI adoption in developing countries, and increasing universal health coverage in developed and developing markets, are also propelling the magnetic resonance imaging market forward. Magnetic resonance imaging (MRI) is a useful diagnostic tool for detecting disorders such as tumors, strokes, and spinal lesions that affect blood vessels and the brain. The increased prevalence of these disorders is projected to be a significant factor in market expansion.

The high cost of MRI equipment, declining reimbursement rates for MRI treatments, and a reduction in the supply of helium, which could force hospitals to replace pricey MRI magnets, are expected to hamper the market growth during the forecast period. The market's expansion is expected to be limited by the high cost of closed MRI systems. In addition, the emerging nations, a scarcity of qualified personnel to operate the systems is a key impediment to the market's expansion. Furthermore, a decrease in the availability of helium, which might be used as an alternative to magnets in MRI systems, and a lack of proper infrastructure are important factors impeding the growth of the closed MRI systems market in Asia pacific.

This research report on the Asia Pacific Closed MRI System Market has been segmented and sub-segmented into the following categories.

By Application: 

  • Brain
  • Spine
  • Cardiac
  • Breast
  • Abdomen

By Field Strength: 

  • Low to midfield
  • High Field
  • Very High Field
  • Ultra-High Field

By Country: 

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Geographically, the Asia Pacific is one of the fastest-growing regions in the global MRI market and this influence the projected to last for a few more years. Furthermore, because of China, India, and Japan's well-established healthcare system and the initiatives being carried out by numerous organizations, this area is likely to enhance its market share in the future.

Emerging economies in the APAC, such as China and Japan, are expected to expand the highest over the forecast period. In addition, the market in APAC is expected to witness relatively steady growth over the forecast period owing to rapid growth in infrastructure, availability of appropriate healthcare setup, and growing awareness about early diagnosis among the general population.

KEY MARKET PLAYERS:

Companies dominating the Asia Pacific Closed MRI System Market profiled in the report 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.

1.Introduction                                                                  

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                          

                1.4 General Study Assumptions                                                

2. Research Methodology                                                                           

                2.1 Introduction                                                               

                2.2 Research Phases                                                      

                                2.2.1 Secondary Research                                           

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling                                      

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design                                                         

                2.4 Study Timeline                                                          

3. Overview                                                                       

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 Epidemology                                                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                                    

                4.1 Market Drivers                                                          

                4.2 Market Restraints                                                    

                4.3 Key Challenges                                                         

                4.4 Current Opportunities in the Market                                                              

5. Market Segmentation                                                                              

                5.1 Field Strength                                                            

                                5.1.1 Introduction                                           

                                5.1.2 Low to Mid Field                                   

                                5.1.3 High Field                                 

                                Very High Field                                 

                                5.1.5  Ultra High Field                                     

                                5.1.6  MY-o-Y Growth Analysis, By Field Strength                                              

                                5.1.7  Market Attractiveness Analysis, By Field Strength                                

                                5.1.8 Market Share Analysis, By Field Strength                                   

                5.2 Application                                                 

                                5.2.1 Introduction                                           

                                5.2.2 Brain                                          

                                5.2.3 Cardiac                                      

                                5.2.4 Spine                                         

                                5.2.5 Abdominal                                              

                                5.2.6 Breast                                       

                                5.2.7 Y-o-Y Growth Analysis, By Application                                         

                                5.2.8  Market Attractiveness Analysis, By Application                                      

                                5.2.9  Market Share Analysis, By Application                                       

6. Geographical Analysis                                                                              

                6.1 Introduction                                                               

                                6.1.1 Regional Trends                                    

                                6.1.2 Impact Analysis                                     

                                6.1.3 Y-o-Y Growth Analysis                                        

                                                6.1.3.1 By Geographical Area                     

                                                6.1.3.2 By Field Strength                              

                                                6.1.3.3 By Application                    

                                6.1.4  Market Attractiveness Analysis                                     

                                                6.1.4.1 By Geographical Area                     

                                                6.1.4.2 By Field Strength                              

                                                6.1.4.3 By Application                    

                                6.1.5  Market Share Analysis                                      

                                                6.1.5.1 By Geographical Area                     

                                                6.1.5.2 By Field Strength                              

                                                6.1.5.3 By Application                    

                6.2 China                                                             

                6.3 India                                                              

                6.4 Japan                                                            

                6.5 South Korea                                                               

                6.6 Australia                                                      

7.Strategic Analysis                                                                        

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

8.Market Leaders' Analysis                                                                         

                8.1 Hitachi Medical Corporation                                                

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Financial analysis                                  

                                8.1.4 Recent Developments                                       

                                8.1.5 SWOT analysis                                       

                                8.1.6 Analyst View                                          

                8.2 Toshiba Medical Systems                                                     

                8.3 Siemens Healthcare                                                

                8.4 GE Healthcare                                                           

                8.5 Imris Inc.                                                      

                8.6 Fonar Corporation                                                   

                8.7 Esaote S.P.A                                                               

                8.8 Neusoft Medical System,                                                     

                8.9 Aurora Medical Imaging                                                        

                8.10 Philips Healthcare                                                  

9.Competitive Landscape                                                                            

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                         

                9.4 New Product Launches                                                         

10.Market Outlook and Investment Opportunities                                                                          

Appendix                                                                           

                a) List of Tables                                                

                b) List of Figures                                                              

  1. Asia-Pacific Closed MRI Market, By Field Strength, From 2022 - 2027 (USD Billion)
  2. Asia-Pacific low to midfield Market, By Region, From 2022 - 2027 (USD Billion)
  3. Asia-Pacific High Field Market, By Region, From 2022 - 2027 (USD Billion)
  4. Asia-Pacific Very High Field Market, By Region, From 2022 - 2027 (USD Billion)
  5. Asia-Pacific Ultra High Field Market, By Region, From 2022 - 2027 (USD Billion)
  6. Asia-Pacific Closed MRI Market, By Application, From 2022 - 2027 (USD Billion)
  7. Asia-Pacific Brain Market, By Region, From 2022 - 2027 (USD Billion)
  8. Asia-Pacific Abdominal Market, By Region, From 2022 - 2027 (USD Billion)
  9. Asia-Pacific Cardiac Market, By Region, From 2022 - 2027 (USD Billion)
  10. Asia-Pacific Spine Market, By Region, From 2022 - 2027 (USD Billion)
  11. Asia-Pacific Breast Market, By Region, From 2022 - 2027 (USD Billion)
  12. Japan Closed MRI Market, By Field Strength, From 2022 - 2027 (USD Billion)
  13. Japan Closed MRI Market, By Application, From 2022 - 2027 (USD Billion)
  14. China Closed MRI Market, By Field Strength, From 2022 - 2027 (USD Billion)
  15. China Closed MRI Market, By Application, From 2022 - 2027 (USD Billion)
  16. India Closed MRI Market, By Field Strength, From 2022 - 2027 (USD Billion)
  17. India Closed MRI Market, By Application, From 2022 - 2027 (USD Billion)
  18. Australia Closed MRI Market, By Field Strength, From 2022 - 2027 (USD Billion)
  19. Australia Closed MRI Market, By Application, From 2022 - 2027 (USD Billion)
  20. South Korea Closed MRI Market, By Field Strength, From 2022 - 2027 (USD Billion)
  21. South Korea Closed MRI Market, By Application, From 2022 - 2027 (USD Billion)

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