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Pulished Date April, 2021
ID: 2246
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Europe Open MRI Systems Market Research Report – Segmented By Field Strength & Application and Country (United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands and Rest of Europe) - Industry Analysis, Share, Size, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 2246
Pages: 190

Europe Open MRI Systems Market Size (2021 to 2026)

The size of the European Open MRI Systems Market is predicted to value USD 1.11 billion by 2026 from USD 0.80 billion in 2021, growing at a CAGR of 6.70% during the forecast period. The market is primarily driven by the growing awareness of the benefits of early analysis, technical advances leading to the replacement of low-discipline MRI structures with large-area MRI structures, and the finding of additional helium resources.

The growth of the European open MRI systems market is expected to be driven by the rising prevalence of age-associated chronic diseases, increasing healthcare expenditure, and increasing MRI techniques. Also, the growing geriatric population and changing lifestyles are the major factors accelerating the market growth in the developed countries such as Germany, UK, Italy, and France. The largest shares of the market are attributed to an increase in emergency cases with serious damage to the brain and other body parts. In addition, a rising number of cancer and other illness patients merely creates market growth opportunities. The use of MRI is steadily increasing; for example, customized care is becoming an important element of medicine, and molecular imaging is making a big contribution through non-invasive methods for accurate disease diagnosis and determination. 

According to the European Cancer Information System (ECIS), Europe's cancer burden is expected to increase to 2.7 million new cases and 1.3 million deaths by 2020. As a result, all of these elements contribute to the open European system MRI market. Furthermore, due to Europe's high cancer rate, open system MRI, which aids in planning cancer treatments such as surgery or radiation, is likely to grow in popularity in the near future. With all of these factors in mind, the Europe Open System MRI Market is anticipated to expand significantly throughout the forecast period.

When MRI is combined with other strong imaging methods, such as radiography, it can treat infertile patients. Furthermore, combining Magnetic Particle Imaging (MPI) with MRI allows for high-resolution pictures of inside organs and tissues. All of these factors contribute to the market's expansion.

However, few factors may restrain the market growth, such as the high cost of MRI systems. In addition, a lack of awareness and reimbursement policies in some countries may impede the market growth. 

This research report on the European Open MRI Systems Market is segmented and sub-segmented into the following categories.

By Field Strength: 

  • Low
  • Midfield

By Application: 

  • Brain
  • Spine
  • Cardiac
  • Breast
  • Abdomen

By Country: 

  • United Kingdom
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Rest of Europe

Geographically, the European Open MRI systems market is most likely to register a CAGR of 6.7% during the forecast period. The European Open MRI System Market held the largest share over the forecast period, and it is anticipated to witness rapid share throughout the forecast period. Increasing age-related chronic disease and growing demand for safe & accurate diagnostic methods are primarily driving the market. Germany dominated the MRI System Market and is likely to continue its dominance throughout the forecast period. Most MRI scans were performed in Germany. 136 scans per 1,000 people were recorded by the nation last year. Furthermore, the segment's expansion is projected to be fuelled by the region's constantly changing healthcare infrastructure and supportive government regulations. Growing geriatric population and increasing incidences of emergency cases of several brain injuries are augmenting the market growth. 

According to the Germany Federal Statistical Office's 2020 estimate, the country's population is now around 83 million people. 16.2 million are above the age of 67, with the figure expected to rise to 21.4 million by 2040. The elderly population is projected to grow in the near future, making them more susceptible to chronic illnesses such as neurological diseases and other disorders, which would boost diagnostic procedures and, in turn, drive the market over the forecast period.

On the other hand, the UK is anticipated to witness better market share over the forecast period. Favorable government policies, increasing adoption of MRI applications in the diagnostic of various diseases, and evolving healthcare infrastructure boost the Open MRI System Market market growth.

KEY MARKET PLAYERS:

A few of the notable market participants operating in the European Open MRI Systems market profiled in the report are Hitachi Medical Corporation (Japan), Toshiba Medical Systems (Japan), Siemens Healthcare (Germany), GE Healthcare (U.K.), and Philips Healthcare (Netherlands).

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 Y-o-Y Growth Analysis, By Field Strength   

                                5.1.4 Market Attractiveness Analysis, By Field Strength 

                                5.1.5  Market Share Analysis, By Field Strength  

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Brain          

                                5.2.3 Spine         

                                5.2.4 Abdominal              

                                5.2.5 Breast       

                                5.2.6 Cardiac      

                                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 U.K                 

                6.3 Spain                             

                6.4 Germany                     

                6.5 Italy                               

                6.6 France                          

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 GE Healthcare                           

                                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 Hitachi Medical Corporation                

                8.3 Philips Healthcare                    

                8.4 Siemens Healthcare                

                8.5 Toshiba Medical Systems                     

                8.6 Aastrom Biosciences                              

                8.7 Celgene Corporation                              

                8.8 Invitrogen                   

                8.9 Cytori Therapeutics                 

                8.10 Retractable Technologies                   

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                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and 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 the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, 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
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organisations a strong financial foothold in the market
  1. Europe Open MRI Systems Market, By Field Strength, From 2021 to 2026 (USD Billion)
  2. Europe Low to Mid Field Market, By Region, From 2021 to 2026 (USD Billion)
  3. Europe Open MRI Systems Market, By Application, From 2021 to 2026 (USD Billion)
  4. Europe Brain Market, By Region, From 2021 to 2026 (USD Billion)
  5. Europe Spine Market, By Region, From 2021 to 2026 (USD Billion)
  6. Europe Cardiac Market, By Region, From 2021 to 2026 (USD Billion)
  7. Europe Abdominal Market, By Region, From 2021 to 2026 (USD Billion)
  8. Europe Breast Market, By Region, From 2021 to 2026 (USD Billion)
  9. U.K. Open MRI Systems Market, By Field Strength, From 2021 to 2026 (USD Billion)
  10. U.K. Open MRI Systems Market, By Application, From 2021 to 2026 (USD Billion)
  11. Germany Open MRI Systems Market, By Field Strength, From 2021 to 2026 (USD Billion)
  12. Germany Open MRI Systems Market, By Application, From 2021 to 2026 (USD Billion)
  13. France Open MRI Systems Market, By Field Strength, From 2021 to 2026 (USD Billion)
  14. France Open MRI Systems Market, By Application, From 2021 to 2026 (USD Billion)
  15. Italy Open MRI Systems Market, By Field Strength, From 2021 to 2026 (USD Billion)
  16. Italy Open MRI Systems Market, By Application, From 2021 to 2026 (USD Billion)
  17. Spain Open MRI Systems Market, By Field Strength, From 2021 to 2026 (USD Billion)
  18. Spain Open MRI Systems Market, By Application, From 2021 to 2026 (USD Billion)

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