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Magnetic Resonance Imaging (MRI) is a non-invasive medical procedure that utilizes a powerful magnetic field, radio waves, and a computer to create detailed virtual images of internal organs. Closed MRI systems, featuring a tube-like tunnel with a magnetic field ranging from 1.5 to 3.0 Tesla or higher, are crucial for generating high-resolution images of organs such as the brain, heart, spine, breast, and abdomen. In 2014/2015, the sale of MRI machines in the United States reached approximately 11,500 units, with one-fourth being open systems and the rest closed systems, according to the European Magnetic Resonance Forum (EMRF) Foundation.
The closed MRI system market is anticipated to grow due to its advantages over conventional open MRI systems and the rising incidence of brain and spinal injuries.
Drivers of Closed MRI Systems Market:
Advantages of Closed MRI Systems: Closed MRI systems, with magnetic field strengths ranging from 1.5 to 3.0 Tesla, offer superior imaging results compared to open MRI systems. The wider range of field strength is beneficial for detecting lesions in conditions like multiple sclerosis, enhancing nerve visibility, and improving diagnostic accuracy for various medical conditions.
Awareness and Preference for MRI over X-ray: Increasing awareness about the benefits of MRI, which avoids harmful radiation present in X-ray and other imaging techniques, is contributing to the growth of the closed MRI system market. A significant number of patients opt for MRI diagnosis in England, reflecting the preference for this non-invasive imaging modality.
Installation of MRI Machines: The installation of MRI machines in healthcare facilities, such as Boston Children’s Hospital and Cape Breton Regional Hospital, indicates a growing trend that is expected to boost the closed MRI system market.
Rising Incidence of Spinal and Brain Injuries: The increasing occurrence of spinal and brain injuries is creating a favorable environment for the growth of the closed MRI market, as MRI is a key diagnostic tool for these conditions.
Restraints of Closed MRI Systems Market:
Claustrophobia-Related Challenges: The closed structure of MRI systems poses challenges for claustrophobic patients, leading to panic attacks during the diagnosis. This issue could hinder the growth of the closed MRI systems market.
High Cost: The high cost associated with closed MRI systems may act as a restraint, limiting their widespread adoption.
Shortage of Skilled Professionals: In emerging countries, the lack of skilled professionals to operate closed MRI systems poses a challenge. The global shortage of health workers, as predicted by the Global Health Workforce Labor Market Projections, adds to this constraint.
Regional Analysis of Closed MRI Systems Market:
Europe holds a dominant position in the closed MRI system market, driven by the high adoption of closed MRI systems compared to open MRI. The demand for closed MRI systems in Europe is attributed to their prevalence in diagnostic procedures.
Competitive Landscape:
Key players in the closed MRI systems market include Hitachi, Siemens Healthineers, Canon Medical Systems, GE Healthcare, Philips, Aspect Imaging, Bruker, Aurora Imaging Technology, and Esaote S.P.A. Mergers and acquisitions are common strategies among these players, enhancing their capabilities and market presence.
Closed MRI Systems Market - Taxonomy:
Strength of Magnetic Field:
· 5 Tesla
· 3.0 Tesla
· Others
Application:
· Brain
· Spine
· Cardiac
· Breast
· Abdominal
End Users:
· Hospitals
· Diagnostic Centers
· Research Institutes
Region:
· North America
· Europe
· Latin America
· Middle East
· Asia Pacific
· Africa
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65560
Published on :
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