Open MRI Systems Market

Global Open MRI Systems Market Size (2023 to 2028)

The size of the global open MRI systems market is expected to value USD 2.94 Billion in 2023 and is estimated to reach USD 4.15 Billion by 2028, growing at a CAGR of 7.10% from 2023 to 2028.

MRI is a scan that utilizes the magnetic field and pulses from Radio wave energy to take pictures of our body's internal parts. MRI may show problems that weren’t seen by other imaging methods. MRIs are generally closed, but some 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 the 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 a low-field MRI, and most people think it was less powerful than closed MRI. But now 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. A growing number of patients with cancer and other diseases is solely to set up growth opportunities for the market. Also, the 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 significantly influencing the growth of the open MRI systems market. Increasing knowledge in the utilization of these systems for various applications in the medical sector also spurs the market growth. Growing demand to promote a patient's health after treatment with the systems is lavishing the market's need.

REPORT COVERAGE:

This research report on the global open MRI systems market has been segmented and sub-segmented based on the field of strength, application, and region.

Open MRI Systems Market – By Field Strength:

• Low to Mid Field

The low to midfield strength sector is growing tremendously over the past few years and will continue the same growth flow in the coming years. The rise in the focus on introducing innovative devices with modern technology is escalating the market's growth. Also, increasing capital income in both developed and developing countries is prompting the growth rate of this market.

Open MRI Systems Market – By Application:

• Brain
• Spine
• Abdominal
• Breast
• Cardiac

Based on the application, the brain segment had the largest share of the global open MRI systems market in 2022. 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.

Open MRI Systems Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa

Regionally, North America accounted for holding the highest shares of the global open MRI systems 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 adopting the latest technological developments and introducing 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 countries is elevating the growth rate of the open MRI systems market. The Middle East and Africa have deemed too substantial growth opportunities in the near future. The rise in awareness among people over the availability of several treatment procedures is lucratively magnifying the market demand.

PROMINENT PLAYERS IN THIS MARKET:

Some of the leading companies operating in the Global Open MRI Systems Market are Hitachi Medical Corporation (Japan), Toshiba Medical Systems (Japan), Siemens Healthcare (Germany), GE Healthcare (U.K.), and Philips Healthcare (Netherlands).