As per the report published by Market Data Forecast, the size of the Global Open MRI Systems Market is expected to value USD 2.57 Billion in 2019 and is estimated to reach USD 3.62 Billion by 2024 with a CAGR OF 7.10%.
MRI is a scan that utilizes the magnetic field and pulses from Radio wave energy to make pictures of internal parts of our body. MRI may show problems that weren’t seen by other imaging methods. MRIs are generally closed but there are some which don’t enclose your body completely which is called open MRI. But they aren’t available everywhere.
MRI is mainly used for finding problems like tumors, injury, Bleeding, Blood Vessel Diseases, or Infection. It is also used to see a problem encountered on an x-ray or CT scan. MRI can take pictures of Head, Spine, Brain, Abdominal, cardiac and blood vessels and find the diseases or any problems associated with them. In the past, open MRI was considered as low field MRI and most of the people think it’s less powerful than closed MRI. But now a day’s field strength is increased and in the range of midfield MRI. Its field strength is even improved to the high field but we do not call it open anymore.
Increasing incidences of emergency cases with severe injuries in the brain and other body parts are ascribed to lead the highest shares of the market. Also, a growing number of patients with cancer and other diseases is solely to set up growth opportunities for the market. In addition, rising focus on early diagnosis of a particular issue as there will be a permanent cure when it is diagnosed at a starting stage is greatly influencing the growth of the open MRI systems market. Increasing knowledge in the utilization of these systems for various applications in the medical sector is also spurring the demand of the market. Growing demand to promote the health of a patient after treatment with the systems is lavishing the demand of the market.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 - 2024 |
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Segments Covered |
By Field Strength, Application and Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Hitachi Medical Corporation (Japan), Toshiba Medical Systems (Japan), Siemens Healthcare (Germany), GE Healthcare (U.K.) and Philips Healthcare (Netherlands) |
This research report on Global Open MRI Systems Market segmented and sub-segmented into the following categories and evaluated market size and forecast for each segment until 2024.
Open MRI Systems Market Analysis – By Field Strength:
The low to midfield strength sector is growing tremendously from past few years and is also to continue the same growth flow in the coming years. The rise in the focus on introducing innovative devices with modern technology is escalating the growth of the market. Also, increasing capital income in both developed and developing countries is prompting the growth rate of this market.
Open MRI Systems Market Analysis – By Application:
On the basis of Application, the Brain segment is ruling with the highest shares of the market. The emergence of 3D technology in the medical field is leveraging the demand for the open MRI systems market. Also, the rise in the research and development institutes is gearing up the growth of the market.
Regional Analysis:
North America is accounted for in holding the highest shares of the market. Rising disposable income in urban areas is straightly expanding the demand of the market. The Asia Pacific is positioned second in leading shares of this market by owing to the adoption of the latest technological developments and also the introduction of various products in favor of the end-users. Additionally, a growing aging population is driving the growth of the market. Europe is anticipated to hit the highest CAGR in foreseen years with the increasing focus on targeted therapeutic diseases. Also, increasing revenue in most of the countries is elevating the growth rate of the open MRI systems market. The Middle East and Africa are deemed to huge growth opportunities in the near future. Rise in the awareness among people over the availability of several treatment procedures is lucratively magnifying the demand of the market.
Few of the leading companies operating in the Global Open MRI Systems Market are:
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 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
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
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