The global open system MRI market size was estimated to be USD 1.74 billion in 2023 and is expected to reach at USD 3.35 billion by 2034 with a CAGR of 6.13% during the forecast period 2024-2034. Surge in age-associated chronic diseases, growing demand for early, safe & accurate diagnostic methods, increasing awareness regarding the early diagnosis, rising technological advancements, surge in adoption of advanced systems, growing healthcare expenditures, and increasing launch of technologically advanced open MRI systems are some of the key factors boosting the market growth.
Increasing launch of technologically advanced open MRI systems is predicted to boost the market growth during the forecast period. Open MRI systems are favored by patients with claustrophobia and those prone to panic attacks because they carry a lower risk of inducing such reactions. These systems are highly popular for scanning infants and can easily accommodate larger and overweight patients. Hospitals and diagnostic centers prioritize acquiring open systems due to their versatility in performing diagnostic imaging for a wide spectrum of medical conditions. For instance, in July 2022, At the European Congress of Radiology (ECR) 2022, which took place in Vienna, Austria from July 13th to 17th, Esaote SpA unveiled the Magnifico Open system, representing the latest advancement in open whole-body MRI technology.
By resolution, low-field strength was the highest revenue-grossing segment in the global open system MRI market in 2023 owing to presence of these systems, rising focus on development of advanced technologies, and surge in prevalence of chronic diseases. Additionally, high-field Strength is predicted to grow at fastest CAGR during the forecast period owing to the rising application of high-field strength system in a wide range of conditions including musculoskeletal and spine disorders, growing technological advancements in these systems to enhance captured images, and rising launch of advanced systems. For instance, in July 2022, At ECR 2022, Canon Medical unveiled a novel MRI system. This latest addition is a 1.5T open-bore MRI system designed to address the diverse needs of customers within the rapidly growing 1.5T MR market segment.
By application, neurology was the highest revenue-grossing segment in the global open system MRI market in 2023 owing to increasing prevalence of brain cancer & spinal cord injury, and surge in new product launches. For instance, in May 2022, Bruker has introduced 7 Tesla and 9.4 Tesla conduction-cooled Maxwell magnets as an expansion to its top-tier preclinical magnetic resonance imaging systems collection. Building on the popularity of the BioSpec Maxwell 3 Tesla version, these fresh Maxwell magnets at 7 Tesla and 9.4 Tesla obviate the necessity for periodic liquid helium or nitrogen replenishments. They provide exceptional sensitivity and resolution at high-field levels, catering to advanced preclinical MRI and PET/MR research needs. Additionally, cardiology is predicted to grow at fastest CAGR during the forecast period owing to the rising prevalence of cardiovascular diseases, growing technological advancements, and increasing focus on development of advanced imaging systems.
By end-user, hospitals was the highest revenue-grossing segment in the global open system MRI market in 2023 owing to rising incidences of chronic diseases, surge in number of hospitals & patients visiting to hospitals, and increasing launch of advanced systems. For instance, in January 2023, The Magnifico Vet Open MRI system from Esaote North America, Inc. is a cutting-edge imaging tool created with a focus on providing accurate diagnoses in a variety of veterinary institutions. Additionally, diagnostic clinics is predicted to grow at fastest CAGR during the forecast period owing to the growing number of patients visiting to clinics for the diagnosis of the diseases, increasing need for the early diagnosis of the disease, and surge in adoption of advanced technologies.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising prevalence of heart & brain diseases, surge in MRI diagnostic procedures, growing introduction of new products. For instance, in August 2023, FUJIFILM Healthcare Americas Corporation has received FDA 510(k) clearance for its latest 1.5 Tesla magnetic resonance imaging (MRI) system, known as the ECHELON Synergy. This system utilizes Synergy DLR, an exclusive Deep Learning Reconstruction (DLR) technology infused with artificial intelligence (AI), which improves image clarity and accelerates scan times. This advancement ultimately leads to improved throughput, image quality, and patient contentment. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the surge in healthcare infrastructure & supportive government policies, growing demand for diagnosis of various diseases, and rising initiatives for the launch of advanced products by major market players. For instance, in February 2023, Fujifilm India made a significant announcement during the 75th National Conference of the Indian Radiological and Imaging Association (IRIA) by expanding its product and solutions lineup. This expansion encompasses the unveiling of new additions such as the ultrasound systems Arietta 850 DeepInsight and Arietta 650 DeepInsight, as well as the introduction of the advanced MRI machine APERTO Lucent. Another noteworthy addition to the portfolio is the Non DICOM printer APEOS.
Increasing launch of technologically advanced open MRI systems is predicted to boost the market growth during the forecast period. Open MRI systems are favored by patients with claustrophobia and those prone to panic attacks because they carry a lower risk of inducing such reactions. These systems are highly popular for scanning infants and can easily accommodate larger and overweight patients. Hospitals and diagnostic centers prioritize acquiring open systems due to their versatility in performing diagnostic imaging for a wide spectrum of medical conditions. For instance, in July 2022, At the European Congress of Radiology (ECR) 2022, which took place in Vienna, Austria from July 13th to 17th, Esaote SpA unveiled the Magnifico Open system, representing the latest advancement in open whole-body MRI technology.
By resolution, low-field strength was the highest revenue-grossing segment in the global open system MRI market in 2023 owing to presence of these systems, rising focus on development of advanced technologies, and surge in prevalence of chronic diseases. Additionally, high-field Strength is predicted to grow at fastest CAGR during the forecast period owing to the rising application of high-field strength system in a wide range of conditions including musculoskeletal and spine disorders, growing technological advancements in these systems to enhance captured images, and rising launch of advanced systems. For instance, in July 2022, At ECR 2022, Canon Medical unveiled a novel MRI system. This latest addition is a 1.5T open-bore MRI system designed to address the diverse needs of customers within the rapidly growing 1.5T MR market segment.
By application, neurology was the highest revenue-grossing segment in the global open system MRI market in 2023 owing to increasing prevalence of brain cancer & spinal cord injury, and surge in new product launches. For instance, in May 2022, Bruker has introduced 7 Tesla and 9.4 Tesla conduction-cooled Maxwell magnets as an expansion to its top-tier preclinical magnetic resonance imaging systems collection. Building on the popularity of the BioSpec Maxwell 3 Tesla version, these fresh Maxwell magnets at 7 Tesla and 9.4 Tesla obviate the necessity for periodic liquid helium or nitrogen replenishments. They provide exceptional sensitivity and resolution at high-field levels, catering to advanced preclinical MRI and PET/MR research needs. Additionally, cardiology is predicted to grow at fastest CAGR during the forecast period owing to the rising prevalence of cardiovascular diseases, growing technological advancements, and increasing focus on development of advanced imaging systems.
By end-user, hospitals was the highest revenue-grossing segment in the global open system MRI market in 2023 owing to rising incidences of chronic diseases, surge in number of hospitals & patients visiting to hospitals, and increasing launch of advanced systems. For instance, in January 2023, The Magnifico Vet Open MRI system from Esaote North America, Inc. is a cutting-edge imaging tool created with a focus on providing accurate diagnoses in a variety of veterinary institutions. Additionally, diagnostic clinics is predicted to grow at fastest CAGR during the forecast period owing to the growing number of patients visiting to clinics for the diagnosis of the diseases, increasing need for the early diagnosis of the disease, and surge in adoption of advanced technologies.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising prevalence of heart & brain diseases, surge in MRI diagnostic procedures, growing introduction of new products. For instance, in August 2023, FUJIFILM Healthcare Americas Corporation has received FDA 510(k) clearance for its latest 1.5 Tesla magnetic resonance imaging (MRI) system, known as the ECHELON Synergy. This system utilizes Synergy DLR, an exclusive Deep Learning Reconstruction (DLR) technology infused with artificial intelligence (AI), which improves image clarity and accelerates scan times. This advancement ultimately leads to improved throughput, image quality, and patient contentment. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the surge in healthcare infrastructure & supportive government policies, growing demand for diagnosis of various diseases, and rising initiatives for the launch of advanced products by major market players. For instance, in February 2023, Fujifilm India made a significant announcement during the 75th National Conference of the Indian Radiological and Imaging Association (IRIA) by expanding its product and solutions lineup. This expansion encompasses the unveiling of new additions such as the ultrasound systems Arietta 850 DeepInsight and Arietta 650 DeepInsight, as well as the introduction of the advanced MRI machine APERTO Lucent. Another noteworthy addition to the portfolio is the Non DICOM printer APEOS.
Segmentation: Open System MRI Market Report 2022 - 2033
Open System MRI Market Analysis & Forecast by Resolution 2023 - 2034 (Revenue USD Bn)
- Low-Field Strength
- Mid-Field Strength
- High-Field Strength
Open System MRI Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Neurology
- Gastroenterology
- Cardiology
- Oncology
- Others
Open System MRI Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Hospitals
- Diagnostic Clinics
- Others
Open System MRI Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
North America
- U.S.
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Open System MRI Market: Resolution Estimates & Trend Analysis
8. Open System MRI Market: Application Estimates & Trend Analysis
9. Open System MRI Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Open System MRI Market
12. Europe Global Open System MRI Market
13. Asia Pacific Global Open System MRI Market
14. Latin America Global Open System MRI Market
15. MEA Global Open System MRI Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Hologic Inc.
- Hitachi Medical Corporation
- Barco N.V.
- Philips Healthcare
- ESAOTE SA
- Shimadzu Corporation
- Toshiba Corporation
- GE Healthcare
- Siemens Healthcare
- Nordion Inc.
- Canon Medical Systems Corporation
- Onex Corporation (Carestream Health)
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | October 2023 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 1.74 Billion |
| Forecasted Market Value ( USD | $ 3.35 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
