Malaysia MRI Market to Grow with a CAGR of 7.03% through 2030
Prevalence of internal diseases
such as congestive heart failure and rising geriatric population is expected to
drive the Malaysia MRI market in
the forecast period, 2026-2030.
According to TechSci Research
report, “Malaysia MRI Market– By Region, Competition, Forecast and
Opportunities, 2030F”, the Malaysia MRI market stood at USD 28.14 million in 2024 and is anticipated to grow with a CAGR of 7.03% in the forecast period through 2030. The MRI market in
Malaysia is witnessing significant growth because of the rising cases of
chronic disorder in the country. Older adults are more likely to develop
chronic diseases, which can typically be managed but not cured. Cancer, heart
disease, stroke, diabetes, and arthritis are the most prevalent chronic disease
categories. Chronic diseases are long-term health conditions that often
progress slowly over time and may be accompanied by complex symptoms. According
to National Library of Medicine, in Malaysia, hypertension was the most
prevalent chronic condition (7.9%, 7.6 to 8.2), followed by diabetes mellitus
(4.0%, 3.8 to 4.2) in 2019. MRI, on the other hand, offers several
advantages over other imaging techniques. For one, it can produce highly
detailed, three-dimensional images of internal structures, including soft
tissues and organs. This allows physicians to identify abnormalities that may
be difficult or impossible to see with other imaging techniques leading to the
expansion of the Malaysia MRI market. MRI is particularly effective in
identifying the presence and extent of tumors in the brain, breast, prostate,
and many other organs. By using contrast agents, physicians can enhance the
images to better visualize the blood vessels and tissue characteristics of the
tumor, which can help in determining the best treatment plan. MRI is also
useful in diagnosing neurological disorders such as multiple sclerosis,
Alzheimer's disease and Parkinson's disease. These conditions often involve
subtle changes in the brain and nervous system that may be difficult to detect
with other imaging techniques. With MRI, however, physicians can identify these
changes and monitor their progression over time which is likely to fuel the
market over the forecast period.
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Figures spread through XX Pages and an
in-depth TOC on “Malaysia MRI Imaging System Market”
The Malaysia MRI market is
segmented into field strength, type, architecture, application, end user,
source, product, and company.
Based on Architecture, Open MRI systems are experiencing the fastest growth among architectural categories. While closed MRI systems currently dominate in terms of market share due to their high-field strength and superior image quality, open MRI systems are rapidly gaining traction. This surge is primarily driven by their patient-friendly design, which addresses common issues associated with traditional MRI scans, such as claustrophobia and discomfort. Open MRI systems feature a more spacious and less confining structure, making them particularly suitable for pediatric, geriatric, and obese patients, as well as those with anxiety disorders. This design enhancement leads to improved patient compliance and comfort during scans.
Based on Region, East Malaysia is experiencing significant growth, albeit from a lower base compared to West Malaysia. This surge is primarily driven by concerted efforts to enhance healthcare infrastructure and accessibility in the region. Historically, East Malaysia has faced challenges such as limited access to advanced medical facilities and a shortage of specialized healthcare professionals. Recognizing these disparities, the Malaysian government has initiated various programs aimed at bridging the healthcare gap between East and West Malaysia. Investments have been channeled into building new hospitals, upgrading existing facilities, and deploying mobile diagnostic units equipped with MRI capabilities to serve remote and underserved communities. These initiatives are part of a broader strategy to decentralize healthcare services and ensure equitable access across the nation.
Major companies operating in
Malaysia MRI market are:
- Siemens Healthcare Sdn. Bhd.
- FUJIFILM Malaysia Sdn. Bhd.
- Philips Malaysia Sdn Bhd
- GE HealthCare
- SIA ARBOR MEDICAL
- CANON MEDICAL SYSTEMS MALAYSIA SDN. BHD.
- Shimadzu Malaysia Sdn. Bhd.
- Best Contact (M) Sdn Bhd.
- TransAid Solutions Sdn Bhd
- I-MEDIC IMAGING SDN. BHD
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“Malaysia MRI market is expected
to witness a significant growth in the upcoming years, due to the growing
awareness about early diagnosing and prevalence of chronic diseases in aged
population in the nation. The increasing technological advancements in imaging
systems and increasing private and government investments and collaborations
will drive a notable market segment in Malaysia, in turn, strengthening the
growth of the market through 2030” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“Malaysia MRI Market Segmented
By Field Strength (High-Field MRI Systems (1.5t MRI Systems, 3t MRI Systems),
Low-To-Mid-Field MRI Systems (<1.5t), Others), By Type (Fixed, Mobile), By
Architecture (Closed MRI Systems, Open MRI Systems), By Application (Brain and
Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac, Others),
By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others),
By Source (Import, Domestic), ByProduct (Refurbished, New), By Region and Competition, 2020-2030F” has
evaluated the future growth potential of Malaysia MRI market 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 Malaysia MRI market.
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