Quick Summary:
In the rapidly evolving healthcare landscape, the Open System MRI Market plays a pivotal role in shaping diagnostic practices around the world. As a powerful tool succeeding CT scans due to its higher sensitivity, the use of non-ionizing radiation, and the comfort it ensures to various categories of patients, the Open MRI acquires an unprecedent level of importance in the medical industry.
The Open System MRI is not just advanced technology; it’s patient-derived technology. Designed to accommodate claustrophobic, obese and pediatric patients, these open-end systems prioritize patients' comfort while ensuring a less stressful diagnostic process. Offering exquisite detail of brain, spinal cord, and vascular anatomy, this diagnostic tool presents itself as a crucial integration to the neurology segment, supporting the diagnosis and research for conditions such as brain cancer and spinal cord injury.
The competitive landscape of the market includes players such as GE Healthcare, Hitachi Medical Corporation, Philips Healthcare - augmenting the industry with innovative products and contributing to the market's robust growth. Discover an exhaustive analysis of the dynamics, offerings, challenges, and opportunities that shape the Open System MRI Market, by purchasing this research report.
MRI is a powerful diagnostic tool which is replacing CT because of its higher sensitivity and use of non-ionizing radiations. Open MRI is the more popular one between the two available systems of MRI, open and closed. Open MRI systems have a magnetic field in the top and bottom and do not enclose the patient in a tunnel. Open MRI is used to accommodate claustrophobic, obese and pediatric patients.
Conventional MRI scanners are a cylinder shape, while an open MRI does not completely surround your body. It is usually open on two or three sides. An Open MRI provides a more relaxed, less confining environment and lower noise levels making it less stressful for you. Therefore all these factors are supporting the open system MRI market.
Open System MRI Market Trends
Neurology Segment is Expected to Witness Significant Growth Over the Forecast Period.
Magnetic resonance imaging is one of the most commonly used tests in neurology. MRI provides exquisite detail of brain, spinal cord, and vascular anatomy and has the advantage of being able to visualize anatomy in all three planes, such as axial, sagittal, and coronal. Thus, the neurology segment is expected to witness significant growth over the forecast period owing to the rising incidence of brain cancer, spinal cord injury, and new product launches.For instance, the Globocan in 2020 reported that globally, around 339.7 million people are expected to suffer from brain cancer by 2025, and this number is projected to reach 435.6 million by 2040. Therefore, the growing number of people with brain cancer is likely to increase the demand for diagnosis, which will help this segment grow.
Similarly, the National Spinal Cord Injury Statistical Center reported in March 2022 that the annual incidence of traumatic spinal cord injury (SCI) was approximately 54 cases per one million people in the United States in 2021, which equals 18,000 new SCI cases each year. So, the high number of SCI cases is making more people want open-system MRI, which is helping this segment grow.
Furthermore, the launch of new products is fueling the growth of the studied market. For instance, in May 2022, Bruker launched 7 Tesla and 9.4 Tesla conduction-cooled Maxwell magnets for its market-leading preclinical magnetic resonance imaging systems portfolio. Following the success of its BioSpec Maxwell 3 Tesla model, the new range of Maxwell 7 Tesla and 9.4 Tesla magnets eliminates the need for liquid helium or nitrogen refills while offering high-field sensitivity and resolution for advanced preclinical MRI and PET/MR research. Thus, such product launches are contributing to the growth of the market.
North America is Expected to Witness a Significant Growth Over the Forecast Period.
Over the next few years, North America is expected to grow a lot. This is because heart and brain diseases are becoming more common. Besides, the high number of cardiovascular (CVD) and brain disorders reported in the region is contributing to the growth of the market in the region. For example, a February 2022 NCBI article reported a higher incidence of acute myocardial infarction (MI) in Canada, with an annual prevalence of 4.97 events per 1000 population. An increase in CVDs is expected to increase the demand for diagnostic imaging procedures like MRI, thus driving the growth of the market.In the same way, an article in the journal The Lancet Regional Health Americas from February 2022 said that there were 0.9 cases of brain trauma for every 1000 people in Mexico between 2020 and 2021. Hence, cases of brain trauma could increase the need for open-system MRIs, which would help the studied market grow.
The rise in MRI diagnostic procedures in the United States is expected to fuel the growth of the market under consideration. For example, a Mayo Clinic article from July 2022 said that the number of MRI diagnostic procedures went up by 40% in April 2022 compared to the same month the year before. As a result, the increase in diagnostic procedures is likely to be the main driver of market growth in the area.
The growth of this market in the region is also being driven by the release of new products. For example, Fujifilm Healthcare America Health Corporation released the Velocity MRI System in November 2021. This is a high-field open MRI system that is very advanced.The Velocity MRI system is the newest MRI scanner. Its open gantry, integrated radiofrequency (RF) coils, and reconstruction technologies are meant to speed up workflow and improve the patient experience.
As a result, more cardiovascular and neurological diseases, more diagnostic procedures, and new products are driving the growth of the studied market in the nation.
Open System MRI Industry Overview
The open system MRI market is consolidated due to the presence of a few market players operating globally and regionally. Some of the market players that operate in this segment are GE Healthcare, Hitachi Medical Corporation, Philips Healthcare, Siemens Healthcare, ESAOTE SA, and Canon Medical Systems Corporation.Additional Benefits:
- The market estimate (ME) sheet in Excel format
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Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- GE Healthcare
- Hitachi Medical Corporation
- Philips Healthcare
- Siemens Healthcare
- ESAOTE SA
- Canon Medical Systems Corporation
- Hologic Inc.
- Nordion Inc.
- Onex Corporation (Carestream Health)
- Shimadzu Corporation
- Toshiba Corporation
- Barco N.V.
Methodology
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