Open System MRI Market to grow with a CAGR of 6.50% through 2030F
Increasing healthcare
infrastructure and a supportive regulatory environment are the major drivers
for the Global Open System MRI Market.
According to TechSci Research report, “Global Open System MRI Market
Industry Size, Share, Trends, Competition, Opportunity and Forecast,
2020-2030F”, Global open system MRI Market has valued at USD 1.35
billion in 2024 and is anticipated to witness an impressive growth in the
forecast period with a CAGR of 6.50% through 2030F. This can be due to
collaborations and partnerships among leading companies with a diverse approach
to merge the expertise of individual companies and to strengthen their position
in the market.
Market expansion in emerging economies is a significant driver of demand for
the global open system MRI (Magnetic Resonance Imaging) market. Emerging
economies, which include countries in Asia, Latin America, the Middle East, and
Africa, are experiencing rapid economic growth, increased healthcare
investments, and expanding healthcare infrastructure.
As emerging economies
experience economic growth, governments and private sectors often allocate more
resources to healthcare. Increased healthcare spending translates into greater
investments in medical equipment, including MRI systems. Emerging economies are
building and upgrading healthcare facilities, including hospitals and
diagnostic centers, to meet the healthcare needs of their growing populations.
The acquisition of modern medical imaging equipment is a priority to enhance
healthcare services. Emerging economies often face a higher burden of diseases,
including non-communicable diseases such as cardiovascular diseases and cancer.
MRI technology is vital for early diagnosis, disease staging, and treatment
planning.
Browse over XX market data Figures and spread through 110 Pages and an in-depth TOC on "Global Open System MRI Market.”
Open MRI systems are more acceptable by people who suffer from claustrophobia
and panic attacks because they carry a lower risk of these disorders. For
scanning newborns, open systems are typically preferable since they can handle
fatter and stockier patients. As open systems enable diagnostic imaging of a
variety of illnesses, hospitals and diagnostic facilities choose to purchase
them.
The MagnificoTM Vet is a
powerful, veterinarian-focused scanning breakthrough designed for swiftly and
conveniently imaging animals of all sizes. There has never been a simpler way
to perform veterinary MRI scanning, from the user-friendly interface and simple
patient positioning to the quick data entry and patient retrieval. The
environmentally friendly MagnificoTM Vet is a masterpiece of practical design
ready to offer superb diagnostic images. It is created with sustainable green
permanent-magnet technology, is cryogen-free, and consumes a great deal less
power than superconducting systems.
Reimbursement issues are indeed a challenge in the global open system MRI
(Magnetic Resonance Imaging) market. These challenges revolve around the
complexities of healthcare reimbursement policies, which can vary widely from
one country to another and even within different healthcare systems within a
single country. Healthcare reimbursement models vary considerably across
different countries and healthcare systems. Some countries have a predominantly
government-funded or single-payer system, while others rely on private
insurance, a mix of public and private funding, or out-of-pocket payments. Each
reimbursement model has its own rules and processes for covering medical
services, including diagnostic imaging like MRI scans. n some healthcare
systems, obtaining prior authorization or preapproval from payers (government
health agencies or insurance companies) is necessary before conducting MRI
scans. The approval process can be time-consuming and administratively
burdensome for healthcare providers.
Global Open System MRI Market segmentation is based on resolution,
application, and region.
Based on application, in 2024, the Global Open System MRI Market largest share
was dominated by Cardiology segment in the forecast period and is predicted to
continue expanding over the coming years. Cardiovascular diseases are a
leading cause of mortality and morbidity globally. The demand for
cardiovascular imaging techniques, including cardiac MRI, has been increasing
due to the need for accurate diagnosis, monitoring, and treatment planning for
heart-related conditions. MRI is a non-invasive imaging modality known for its
high spatial and contrast resolution. It provides detailed images of the
heart's structure and function, making it an essential tool for diagnosing
various cardiac conditions such as myocardial infarctions, cardiomyopathies,
and valvular diseases. Over the years, there have been significant advancements
in cardiac MRI technology, including faster imaging techniques, improved image
quality, and enhanced post-processing capabilities. These advancements have
made cardiac MRI more accessible and valuable in clinical practice.
Based on region, Asia-pacific
region to fastest growth in the Global Open System MRI Market. APAC is the most
populous region in the world, with a significant and growing population. A
larger population often translates to increased demand for healthcare services,
including diagnostic imaging such as MRI scans. Many countries in the APAC
region have been experiencing robust economic growth over the past few decades.
This economic prosperity has led to an expansion of healthcare infrastructure,
increased healthcare spending, and greater accessibility to advanced medical
technologies, including MRI systems. As income levels rise in APAC countries,
there is a growing awareness of healthcare and a greater focus on preventive
and diagnostic healthcare services. This increased awareness drives the demand
for medical imaging services, including MRI scans.
Some of the major companies operating in the Global Open System MRI Market
include:
·
GE Healthcare
·
Hitachi Medical
Corporation
·
Philips Healthcare
·
Siemens Healthcare
·
ESAOTE SA
·
Canon Medical Systems
Corporation
·
Hologic Inc.
·
Nordion Inc.
·
Onex Corporation
(Carestream Health)
·
Shimadzu Corporation
·
Toshiba Corporation
·
Barco N.V.
Download Free Sample Report
Customers can also request
10% free customization on this report.
“Certain areas, particularly in North America, are projected to exert
significant demand for MRI. The growth in the competitive landscape and the
presence of well-established companies in the market, committed to enhance the
overall wellbeing of people each year, are expected to contribute to a
remarkable growth of the Global Open System MRI Market in the forecast period"
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based Global management consulting firm.
Open System MRI, By Resolution (low-field scanner, mid-field scanner, and
high-field scanner), By Application (neurology, gastroenterology, oncology,
cardiology, and other applications), and By Region, Competition 2020-2030F
evaluated the future growth potential of Global Open System
MRI Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide innovative market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Open System MRI
Market.
Contact
Mr. Ken Mathews
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com