Japan Magnetic Resonance Imaging Market to be dominated by Oncology till FY2027
Increasing awareness about the benefits of early diagnosis
and growing prevalence of neurological disorders are expected to drive the
demand for the Japan Magnetic Resonance Imaging Market in the forecast period,
FY2023-FY2027.
According
to TechSci Research report, “Japan Magnetic Resonance Imaging Market By Field Strength
(High-Field Magnetic Resonance Imaging Systems (1.5t Magnetic Resonance Imaging
Systems, 3t Magnetic Resonance Imaging Systems), Low-To-Mid-Field Magnetic
Resonance Imaging Systems (<1.5t), Very-High-Field Magnetic Resonance
Imaging Systems (4t and Above)), By Type (Fixed, Mobile), By Architecture
(Closed Magnetic Resonance Imaging Systems and Open Magnetic Resonance Imaging
Systems), By Application (Brain and Neurological, Oncology, Spine and
Musculoskeletal, Abdominal, Cardiac, Others), By End User (Hospitals, Imaging
Centers, Ambulatory Surgical Centers, Others), By Region, Competition Forecast
& Opportunities, FY2027”,
the Japan Magnetic Resonance Imaging market is anticipated to witness robust
growth in the forecast period, FY2023-FY2027. Magnetic Resonance Imaging (MRI)
uses a strong magnetic field and radiofrequency to produce clear and detailed
images of the internal tissues and organs. Market players are making efforts to
replace the low-field MRI systems with high-field MRI systems to increase the
accuracy and produce clearer images of the organs.
However,
the high initial costs required for buying expensive diagnosis instruments may
restrain the Japan Magnetic Resonance Imaging market growth in the forecast
period.
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The
Japan Magnetic Resonance Imaging market is segmented into field strength, type,
architecture, application, end user, regional distribution, and competition
landscape.
On the basis of field strength, the
Japan Magnetic Resonance Imaging market is divided into high-field Magnetic
Resonance Imaging systems (1.5t Magnetic Resonance Imaging systems, 3t Magnetic
Resonance Imaging systems), low-to-mid-field Magnetic Resonance Imaging systems
(<1.5t), very-high-field Magnetic Resonance Imaging systems (4t and above).
The very-high-field Magnetic Resonance Imaging systems (4t and above) segment
is expected to witness the fastest incremental growth in the forecast period,
FY2023-FY2027. These are highly sensitive and can produce high-resolution
images with shorter scan times.
On the basis of type, the Japan Magnetic
Resonance Imaging market is bifurcated into fixed and mobile. The mobile
segment is expected to witness high demand in the forecast period as they are
flexible and can be taken to the patients for MRI scans which increases the
convenience and comfort of the patients.
On the basis of architecture, the Japan
Magnetic Resonance Imaging market is divided into closed Magnetic Resonance
Imaging systems and open Magnetic Resonance Imaging systems. Closed Magnetic
Resonance Imaging systems are more effective and can help diagnose the problems
and offer quick scanning than its counterpart. They have a stronger magnetic
field which enables them to take accurate, detailed, and high-quality images.
On the basis of application, the Japan
Magnetic Resonance Imaging market is divided into brain and neurological,
oncology, spine and musculoskeletal, abdominal, cardiac, others. The oncology
segment is expected to hold the largest market share in the next five years.
Cancer is considered one of the leading causes of death, and the mortality rate
is increasing due to the occurrence of cancer in Japan. Magnetic Resonance
Imaging helps healthcare professionals to find the presence of cancer and
identify the signs responsible for the spread of cancer in the body. Magnetic Resonance Imaging aids in planning
the possible course of treatment of cancer, such as the need for surgery or
treatment or radiation therapy which is the major reason the healthcare
professionals perform it.
On the basis of end user, the Japan
Magnetic Resonance Imaging market is divided into hospitals, imaging centers,
ambulatory surgical centers, and others. The hospital segment is expected to
dominate the end user segment of the Japan Magnetic Resonance Imaging market in
the forecast period. The rise in the number of hospital facilities and the
presence of specialized departments for testing, consultation, and skilled
healthcare professionals are the key attracting factors for the patients to
visit hospitals. Furthermore, favorable government policies promoting the
construction of hospital facilities and providing reimbursements for treatment
are influencing the market demand.
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“The advent of innovative technologies
to advance the healthcare system and the ongoing research and development
activities owing to the increased focus of the leading authorities to improve
the diagnosis process are expected to accelerate the growth of the Japan
Magnetic Resonance Imaging market in the next five years. Development of the MR
machines that can interpret the patients' dreams by identifying specific items
such as men and books are expected to create lucrative opportunities for market
growth. Modernization and maintenance of the MRI systems aimed at improving the
quality and efficiency of care and making it more economical for patients is
expected to propel the Japan Magnetic Resonance Imaging market growth till
FY2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Japan Magnetic Resonance
Imaging Market By Field Strength (High-Field Magnetic Resonance Imaging Systems
(1.5t Magnetic Resonance Imaging Systems, 3t Magnetic Resonance Imaging
Systems), Low-To-Mid-Field Magnetic Resonance Imaging Systems (<1.5t),
Very-High-Field Magnetic Resonance Imaging Systems (4t and Above)), By Type
(Fixed, Mobile), By Architecture (Closed Magnetic Resonance Imaging Systems and
Open Magnetic Resonance Imaging Systems), By Application (Brain and
Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac, Others),
By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others),
By Region, Competition Forecast & Opportunities, FY2027”, has evaluated the future
growth potential of Japan Magnetic Resonance Imaging and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge 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 Japan Magnetic Resonance Imaging market.
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