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 (MRI) market is expected to grow at a significant CAGR for the forecast period, FY2023-FY2027. The prevalence of chronic disease and the growing old age population coupled with high healthcare expenditure by the government authorities are the major driving factors for the market growth. The surge in the number of research and development activities in the Asia-pacific region facilitates the installation of Magnetic Resonance Imaging machines in Japan for research and other purposes. The healthcare system's adoption of innovative and novel technologies and the introduction of advanced diagnosis methods are expected to create lucrative opportunities for the Japan Magnetic Resonance Imaging market growth.

Increasing Demand for Non-Invasive Treatment Spurs Market Growth

The minimally invasive treatment uses advanced technology and methods to treat the body without harming the body. It prevents the number and size of incisions made on the body and therefore lowers the risk of complications to the surrounding muscles and tissues. These are economical and can detect cancer at an early stage, which helps provide quality treatment to the patients. Certain liver cancers, prostate cancer, and uterine cancer that are invisible or not visibly detected by the CT scans can be easily diagnosed using the Magnetic Resonance Imaging (MRI) technique.

Rising Awareness About MRI Fusion Biopsy technique Drives Market Growth

MRI fusion biopsy uses both the ultrasound test and MRI system to provide a complete image of the prostate cancer and find the targeted tissue sample. MRI can find out the abnormal areas that were earlier not detected by taking ultrasound alone. After identifying the abnormalities, MRI is used as a guide to performing ultrasound and biopsy both simultaneously. There are several advantages of using the MRI Fusion Biopsy. For example, identifying hidden tumors and facilitating the diagnosis of high-risk prostate cancer is accelerating the country's adoption of MRI fusion biopsy. It can create a 3D map of the prostate, which allows to perform targeted biopsies and improve the sampling resulting in a more accurate diagnosis. The surge in demand for targeted biopsies and the increasing utilization rate of the multiparametric MRI for the treatment of prostate cancer is boosting the demand for MRI fusion biopsy, which is expected to create opportunities for Japan Magnetic Resonance Imaging market growth in the predicted period.

Growing Old Age Populations Supports High Market Demand

Japan is a developed country and boasts of a developed healthcare system. The Japanese population is aging at a rapid rate. It has a higher life expectancy due to advanced healthcare facilities and equipment and medicines, and the adoption of healthy habits. The majority of the Japanese population is older and needs advanced medical facilities to remain hale and hearty. With the rise in age, immunity starts declining, and the body is easily affected by various diseases. Japanese healthcare system utilizes maximum of its resources for the treatment of the elderly population.

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Market Segmentation

The Japan Magnetic Resonance Imaging market is segmented on the basis of field strength, type, architecture, application, end user, regional distribution, and competition landscape. Based on the field strength, the 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). Based on the type, the market is divided into fixed and mobile. Based on architecture, the market is divided into closed Magnetic Resonance Imaging systems and open Magnetic Resonance Imaging systems. Based on application, the market is divided into brain and neurological, oncology, spine and musculoskeletal, abdominal, cardiac, others. Based on end user, the market is divided into hospitals, imaging centers, ambulatory surgical centers, others. The market is also studied on the basis of regional distribution and the regions are majorly divided into Hokkaido & Tohoku, Chubu, Chugoku, Kyushu, and Others.

Market Players

GE Healthcare Japan Corporation, Philips Electronics Japan Ltd., Siemens Healthcare Diagnostics KK, Hitachi Medical Corporation, Canon Medical Systems Corporation, are among the major market players in the Japan region that led the market growth of the Japan Magnetic Resonance Imaging market.

Report Scope:

In this report, Japan Magnetic Resonance Imaging market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• 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)
• Japan Magnetic Resonance Imaging Market, By Type:
• Fixed
• Mobile
• Japan Magnetic Resonance Imaging Market, By Architecture:
• Closed Magnetic Resonance Imaging Systems
• Open Magnetic Resonance Imaging Systems
• Japan Magnetic Resonance Imaging Market, By Application:
• Brain and Neurological
• Oncology
• Spine and Musculoskeletal
• Abdominal
• Cardiac
• Others
• Japan Magnetic Resonance Imaging Market, By End User:
• Hospitals
• Imaging Centers
• Ambulatory Surgical Centers
• Others
• Japan Magnetic Resonance Imaging Market, By Region:

o   Hokkaido & Tohoku

o   Chubu

o   Chugoku

o   Kyushu

o   Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Japan Magnetic Resonance Imaging 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).