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.
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Attribute
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Details
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Base Year
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FY2021
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Historic Data
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FY2017 – FY2020
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Estimated Year
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FY2022
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Forecast Period
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FY2023 – FY2027
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Quantitative Units
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Revenue in USD Million, and CAGR for FY2017-FY2021 and FY2022-FY2027
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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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·
Nutrition Type
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Route of Administration
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Substrate
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Application
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End User
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Region scope
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Hokkaido & Tohoku, Chubu, Chugoku, Kyushu, and Others
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Key companies profiled
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GE Healthcare Japan Corporation, Philips Electronics Japan
Ltd., Siemens Healthcare Diagnostics KK, Hitachi Medical Corporation, Canon Medical
Systems Corporation
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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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, 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:
- 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).
Japan Magnetic Resonance
Imaging Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]