The global open MRI systems market size is expected to reach USD 2.73 billion by 2030, registering a CAGR of 7.7% from 2024 to 2030. Increasing demand for high strength open MRI systems is expected to drive growth during the forecast period.
Changing lifestyle and increasing prevalence of age-associated chronic conditions including cancers and neurological disorders are among the factors expected to boost the demand for safer and accurate diagnostic imaging devices. Open MRIs are specifically designed to provide comfort to patients, especially children and obese patients.
Limited number of high strength open MRI systems and large number of ongoing studies are expected to widen the scope for growth of the market over the forecast period. Launch of Oasis open MRI 1.2T system by Hitachi and rapid geographic expansion of the company are likely to contribute to the high demand for advanced open MRIs in developed and developing regions.
Increasing number of strategic initiatives such as development of advanced software for open MRI systems and patient-friendly devices with less noise is among the factors expected to propel market growth. Moreover, rising awareness about preventive diagnostics and growing medical tourism in developing regions are some of the factors expected to aid in growth.
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Changing lifestyle and increasing prevalence of age-associated chronic conditions including cancers and neurological disorders are among the factors expected to boost the demand for safer and accurate diagnostic imaging devices. Open MRIs are specifically designed to provide comfort to patients, especially children and obese patients.
Limited number of high strength open MRI systems and large number of ongoing studies are expected to widen the scope for growth of the market over the forecast period. Launch of Oasis open MRI 1.2T system by Hitachi and rapid geographic expansion of the company are likely to contribute to the high demand for advanced open MRIs in developed and developing regions.
Increasing number of strategic initiatives such as development of advanced software for open MRI systems and patient-friendly devices with less noise is among the factors expected to propel market growth. Moreover, rising awareness about preventive diagnostics and growing medical tourism in developing regions are some of the factors expected to aid in growth.
Open MRI Systems Market Report Highlights
- The mid-field segment dominated the market and accounted for a share of 46.8% in 2023. This includes devices with 0.3T to 1 T strength.
- The high-field segment is expected to grow at the fastest CAGR of 9.0% over the forecast period, owing to remarkable research bringing revolutionary advancements in the imaging sector.
- Brain & Neurological segment dominated the market and accounted for a share of 22.6% in 2023.
- The breast segment is expected to grow significantly at a CAGR of 8.3% over the forecast period, owing to the increasing prevalence of breast cancer.
- The hospitals segment dominated the market and accounted for a share of 37.2% in 2023. Several hospitals installed open MRI machines due to their advantages over traditional MRI machines.
- The imaging centers segment is expected to grow at the fastest CAGR of 9.4% over the forecast period.
- North America accounted for the largest revenue share of 36.74% in the open MRI systems market in 2023, owing to many major market players and the high adoption of advanced diagnostic technologies.
The leading players in the Open MRI Systems market include:
- GE Healthcare
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- Hitachi, Ltd.
- CANON MEDICAL SYSTEMS CORPORATION
- Esaote SPA
- FUJIFILM Holdings Corporation
- Neusoft Corporation
- Alltech Medical Systems
- Shenzhen Anke High-tech Co., Ltd.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Open MRI Systems Market Variables, Trends, & Scope
Chapter 4. Open MRI Systems Market: Field Strength Estimates & Trend Analysis
Chapter 5. Open MRI Systems Market: Application Estimates & Trend Analysis
Chapter 6. Open MRI Systems Market: End Use Estimates & Trend Analysis
Chapter 7. Open MRI Systems Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
The leading players in the Open MRI Systems market include:- GE Healthcare
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- Hitachi, Ltd.
- CANON MEDICAL SYSTEMS CORPORATION
- Esaote SPA
- FUJIFILM Holdings Corporation
- Neusoft Corporation
- Alltech Medical Systems
- Shenzhen Anke High-tech Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.63 Billion |
| Forecasted Market Value ( USD | $ 2.73 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
