The
MRI Market in Ireland has witnessed significant growth and development in the
years. MRI (Magnetic Resonance Imaging) is a non-invasive imaging technique
that uses powerful magnets and radio waves to create detailed images of the internal
structures of the body. It is widely used in the diagnosis and monitoring of
various medical conditions. It plays a crucial role in the diagnosis and
treatment planning for a wide range of medical specialties, including
neurology, orthopedics, cardiology, and oncology. The availability of
state-of-the-art MRI scanners has improved the accuracy of diagnoses and
facilitated better patient care.
Rising
Prevalence of Chronic Disease
Ireland
has witnessed a significant rise in the prevalence of chronic diseases, which
has subsequently resulted in an increased demand for advanced medical imaging
technologies, such as Magnetic Resonance Imaging (MRI) systems. Chronic
diseases are health conditions that require ongoing medical management, and
they have become a growing concern for the Irish population. For instance,
according to the National Institute of Health, the prevalence of the four main
categories of chronic diseases among adults in Ireland has been estimated to be
9.4% for asthma, 9.8% for Chronic Obstructive Pulmonary Disease (COPD), 5.2%
for diabetes, and 4.3% for cardiovascular disease (CVD).
Several
factors, including lifestyle and dietary habits, have contributed to the rising
prevalence of chronic diseases in Ireland. Changes in lifestyle and dietary
habits have led to an increase in non-communicable diseases, such as
cardiovascular diseases, diabetes, and obesity. Sedentary lifestyles, unhealthy
diets, and tobacco use have become more common, leading to a higher incidence
of these chronic conditions and leading to the development of the MRI market in
Ireland.
MRI
provides detailed and high-resolution images of soft tissues, organs, and
structures within the body. This level of diagnostic accuracy is particularly
important in the assessment of chronic diseases, as it allows healthcare
professionals to identify and evaluate abnormalities, tumors, lesions, or
degenerative changes with precision. The demand for accurate diagnoses to guide
appropriate treatment plans is directly linked to the increasing prevalence of
chronic diseases. Many chronic diseases require long-term monitoring to
evaluate treatment effectiveness and disease progression.
MRI
provides a non-invasive method for serial imaging and monitoring changes in
tumor size, response to therapy, or disease activity. Regular MRI scans allow
healthcare providers to adjust treatment plans based on the evolving needs of
the patient. The increasing prevalence of chronic diseases necessitates ongoing
monitoring, which drives the demand for MRI services.
Also,
the rise in the geriatric population is leading to an increase in the
population suffering from chronic diseases, raising the demand for the MRI
market. The prevalence of age-related chronic diseases, such as
neurodegenerative diseases like Alzheimer's disease and Parkinson's disease, is
rising along with life expectancy. The aging population necessitates more
thorough medical care and diagnostic equipment to successfully manage these
disorders, which raises the demand for MRI technologies for prompt diagnosis
and treatment. The benefits that MRI provides in detecting and monitoring
chronic diseases can be ascribed to the rise in demand for MRI equipment,
thereby bolstering the growth of the Ireland MRI market.
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Clinical
Advantages of MRI
The
clinical advantages of MRI are highly relevant to the growth of the Ireland MRI
market. These advantages make MRI an essential imaging modality in various
medical specialties and contribute to its increasing demand, such as superior
soft tissue visualization, multiplanar imaging, non-invasive and
radiation-free, functional imaging capabilities, multi-parametric imaging, and
real-time imaging. MRI excels at providing detailed imaging of soft tissues,
including organs, muscles, tendons, and nerves. This superior soft tissue
visualization allows healthcare providers to identify and assess abnormalities,
lesions, and tumors with high precision. The ability to differentiate between
healthy and diseased tissues is crucial for accurate diagnoses and treatment
planning, driving the demand for MRI. Hence, it influences the growth of the
Ireland MRI Market.
According
to the published research article, High-field magnetic resonance imaging (MRI)
at 3.0 T has rapidly gained acceptance in the MR community for both research
and clinical applications. The most straightforward advantage of high-field MRI
at 3.0 T is the increased signal-to-noise ratio (SNR) that scales linearly with
the field strength. Additionally, MRI enables imaging in multiple planes,
including axial, sagittal, and coronal views. This capability allows healthcare
professionals to examine anatomical structures from various angles and obtain a
comprehensive understanding of the patient's condition. The ability to
visualize structures in multiple planes enhances diagnostic accuracy and aids
in surgical planning, contributing to the growth of the Ireland MRI market.
Growing
Technological Advancement
Ongoing
technological advancements in MRI systems have played a vital role in driving
the market. High-field strength scanners, such as 3 Tesla (3T) MRI machines,
offer superior image quality and enhanced visualization of structures, leading
to improved diagnostic accuracy. Additionally, the development of advanced
imaging techniques, such as functional MRI (fMRI) and diffusion-weighted
imaging (DWI), has expanded the clinical applications of MRI, further driving
its adoption. The multiple advancements in technology are advancing MRI
techniques by adding features such as high field strength, better clarity, etc.
These systems are equipped with the latest technological advancements, such as
higher magnetic field strengths, improved image quality, faster scan times, and
specialized imaging techniques.
The
addition of new features includes the development of higher magnetic field
strengths. Traditional MRI systems operated at 1.5 Tesla (T), but newer systems
now offer higher field strengths, such as 3T and even 7T. Higher magnetic field
strengths result in crisper details, better spatial resolution, and better
image quality. This increases the visibility of subtle abnormalities and
smaller structures for medical professionals, allowing for more accurate
diagnosis and raising the demand for MRI in relation to patients needing
illness diagnosis. Another technological breakthrough is the introduction of
specialized MRI techniques. These techniques include functional MRI (fMRI),
diffusion-weighted imaging (DWI), and magnetic resonance spectroscopy (MRS),
among others. fMRI enables the mapping of brain activity, aiding in the
diagnosis and treatment of neurological disorders.
Diffusion-Weighted
Imaging (DWI) is particularly useful in assessing tissue integrity and identifying
abnormalities in conditions such as stroke. Insights into the chemical makeup
of tissues are provided by magnetic resonance spectroscopy (MRS), which helps
in the detection of some cancers and metabolic diseases. The availability of
these specialized imaging techniques has boosted the clinical utility of MRI
and widened its clinical uses across a range of medical specialties.
Additionally,
there have been improvements in image acquisition speed. Faster imaging
techniques, such as parallel imaging and compressed sensing, have reduced scan
times significantly. This is particularly beneficial for patients who may have
difficulty remaining still during the scanning process, such as young children
or individuals with claustrophobia. Faster scans also enhance patient
throughput, allowing healthcare facilities to serve a larger number of patients
efficiently.
For
instance, according to the global cancer observatory, in 2020, about 31,855 new
cases of cancer were reported in Ireland, including 4,503 cases of prostate
cancer, 3,433 cases of breast cancer, 3,261 cases of lung cancer, 3,178 cases
of colorectal cancer, 1,316 cases of melanoma skin cancer, and 16,154 cases of
other types. In addition to this, the growing demand for quick and effective
diagnostic procedures is expected to contribute to the adoption of MRI
machines, thereby propelling the growth of the MRI market in Ireland.
Furthermore,
improvements in MRI hardware and software have enhanced patient comfort and the
overall procedure. The noise levels that patients endure while scanning have
decreased thanks to advancements in gradient technology and magnet design.
Additionally, improvements in patient positioning methods and coil design have
made scans more relaxing, reducing anxiety and enhancing patient compliance.
The availability of cutting-edge MRI systems in Ireland enables medical
professionals to provide more precise diagnosis, create individualized
treatment plans, and assess the efficacy of medicines for a variety of
illnesses.
Market
Segmentation
Ireland MRI market is segmented
based on the type, architecture, source, application, end user, region and
competitive landscape. Based on type, the market is segmented into fixed, and
mobile. Based on architecture, the market is segmented
into closed MRI systems and open MRI systems. Based on source, the market is segmented
into domestic and import. Based on Application, the
market is segmented into brain and neurological, oncology, spine and musculoskeletal,
abdominal, cardiac, and others. Based on end user, the market is segmented into hospitals,
imaging centers, ambulatory surgical centers, and others.
Market Players
Siemens Healthineers Ireland,
Johnson & Johnson Ireland Limited, Abbott Ireland Limited, Boston
Scientific Ireland Ltd, Medtronic Ireland Limited, LivaNova Ireland Limited, Integer
Ireland Medical Ltd, etc. are some of the leading companies operating in the
market.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
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Historic Data
|
2018 – 2021
|
|
Estimated Year
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2023
|
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for
2018-2022 and 2023-2028
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|
Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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|
Segments covered
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Type
Architecture
Source
Application
End User
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|
Regional scope
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Northern Ireland,
North-West, West, Midland East, Dublin, Shannon, South-East, Cork-Kerry
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Key companies profiled
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Siemens Healthineers Ireland, Johnson
& Johnson Ireland Limited, Abbott Ireland Limited, Boston Scientific
Ireland Ltd, Medtronic Ireland Limited, LivaNova Ireland Limited, Integer
Ireland Medical Ltd
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet
your exact research needs. Explore purchase options
|
|
Delivery Format
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PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
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Report Scope:
In this report, Ireland MRI market
has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
·
Ireland
MRI Market, By Architecture
o
Closed
MRI Systems
o
Open MRI
Systems
·
Ireland
MRI Market, By Source
o
Domestic
o
Import
·
Ireland
MRI Market, By Application
o
Brain and
Neurological
o
Oncology
o
Spine and
Musculoskeletal
o
Abdominal
o
Cardiac
o
Others
·
Ireland
MRI Market, By End User
o
Hospitals
o
Imaging
Centers
o
Ambulatory
Surgical Centers
o
Others
·
Ireland
MRI Market, By Region:
o
Northern Ireland
o
North-West
o
West
o
Midland East
o
Dublin
o
Shannon
o
South-East
o
Cork-Kerry
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in Ireland MRI market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market
players (up to five)
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