Closed MRI Systems

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Closed MRI Systems Market:
Market Scenario:
Magnetic Resonance Imaging (MRI) technology refers to the method of capturing the images of physiological
processes in the interior parts of the body, mostly used in radiology. Closed MRI systems are made up of a tube-like
tunnel which is used to obtain high resolution. Closed MRI provides better visual 3D images of the inner structure of
the body. It delivers several advantages including diagnosis of numerous diseases, for example, breast cancer, prostate
cancer, multiple sclerosis and spinal tuberculosis and more. Closed MRI provides better results than open MRI and uses
high field strength of 1.5 Tesla and 3.0 Tesla, which has the provision of giving more clear imaging results.
There are more benefits of using closed MRI system than the open system that has anticipated boosting the growth of
the market. Furthermore, rising awareness about advanced technology of closed MRI over X-ray is attributed to
increasing the growth of the market over the forecast period. Moreover, the rising number of installation of MRI
machine in hospitals is providing lucrative growth opportunities for the closed MRI systems market.
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For example, G. Green Construction Co., a leading company in full-service builder and construction, took a step to
install 3T MRI systems of Siemens Company at Boston’s children hospital in March 2018. Moreover, similar strategies
are adopted by numerous key players such as Cape Breton Regional Hospital, situated in Canada, to set up a new MRI
unit to enhance its product portfolio and deal with a large number of customers.
Moreover, rising prevalence of brain and spinal injuries is witnessing the remarkable growth of the market. For
instance, according to the estimation of National Spinal Cord Injury Statistical Center, around 54 incidences per one
million individuals in the U.S. are occurring of spinal cord injury annually from the U.S. population of 327 million people
and there are approximately 17700 new spinal cord injuries incidences each year.
However, there are several restraints in the closed MRI systems market. There are many patients who have suffered
from sudden attacks during MRI, which is anticipated to trigger the growth opportunities of the market. For example,
estimation of Health Research Funding Organization stated that due to claustrophobia, the owing structure of tube-like
tunnel of closed MRI, approximately 13% of the individuals suffered from panic attacks in the course of MRI diagnosis.
This is attributed to be major restraint of the market growth.
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Furthermore, expensive diagnosis of closed MRI is anticipated to impede the market growth. Moreover, developing
countries have lack of skilled professional which might the hamper the market expansion in these regions. According to
Global Health Workforce Labour Market estimation, there has been a greater demand for the health workers since
2013 and will rise up to 80 million workers. Moreover, there is scarcity of around 15 million health employees
worldwide. According to a new statistics provided by the World Health Organisation (WHO), India has a shortage of
500,000 health employees. In view of all the above facts, this may hinder the growth of closed MRI system market.
Regional Analysis:
Geographically, the metabolic testing market is segmented on the basis of the region covering North America, Asia
Pacific, Europe, and LAMEA. Europe is expected to be dominant in the closed MRI systems market due to several
factors including increased adoption of closed MRI systems market and development of MRI compatible market. In
addition, increasing geriatric population and the rising awareness related to benefits of closed MRI in the medical
treatment, owing to increase in the neurological and brain MRI are the major factors attributed to a positive influence
in the market.
Furthermore, according to the survey of European Magnetic Resonance Forum, the demand of closed MRI system
market is higher than open MRI system in Europe. This has led to providing huge opportunities for the market growth.
Key players:
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Prominent key players in the market are: Hitachi Medical Corporation, Siemens Healthineers, GE Healthcare, Canon
Medical Systems, Philips Healthcare, Toshiba Medical Systems, Aspect Imaging, Aurora Medical Imaging, Esaote S.P.A.,
and Fonar Corporation.
Competitive Intelligence:
With the vision of increasing the MRI business and integrate the advanced technology of it by offering better medical
solutions, a leading company, “Toshiba Medical Systems” has done an acquisition of “Olea Medical” a global developer
of medical imaging application.
Segmentation:
By Application:
o Brain
o Breast
o Spine
o Cardiac
o Abdominal
By Strength of Magnetic Field:
o 3.0 Tesla
o 1.5 Tesla
o Others
By End Users:
o Hospitals
o Research Institutes
o Diagnostic Centres
Regions Covered:
o North America (U.S and Canada)
o Europe (Germany, France, Italy and Rest of Europe)
o Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
o LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)
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Direct: +1 513 549-5911 (U.S.)
+44 203 318 2846 (U.K.)
Email: sales@reportsmonitor.com
Direct:
+1 513 549-5911 (U.S.) | +44 203 318 2846 (U.K.)