Market Overview:
The global open magnetic resonance imaging system market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for MRI systems due to the rising prevalence of chronic diseases, technological advancements in MRI systems, and growing investments by healthcare institutions for upgrading their imaging infrastructure. Based on type, the global open magnetic resonance imaging system market is segmented into permanent magnet and superconducting MRI systems. The permanent magnet segment is expected to account for a larger share of the global market than the superconducting segment during the forecast period. This can be attributed to factors such as lower cost and easy installation of permanent magnets as compared with superconducting magnets. However, growth in demand for high-field strength (HFS) MRI systems is expected to drive growth in demand for superconducting MRIs over the forecast period. Based on application,the global open magnetic resonance imaging systemmarketis divided into clinic and experiment applications segments.
Product Definition:
Open Magnetic Resonance Imaging System is a device that uses magnets and radio waves to create pictures of the inside of the body. It is used to diagnose medical conditions, such as tumors or bleeding in the brain.
Permanent Magnet:
Permanent magnet is a type of magnetic material that has non-magnetic properties and can be demagnetized and re-magnetized many times without loss of magnetism. Permanent magnets are produced from materials such as iron, nickel, neodymium, and cobalt. The most common use for permanent magnets is in the form of electronic devices such as hard disk drives or computer memory where they are used to provide resistance to data loss caused by power fluctuations.
Superconducting:
Superconducting magnets are used in MRI systems to provide extremely strong magnetic fields with low energy loss. These superconducting magnets produce very little heat and can maintain the temperature of the magnet at a high level even after continuous use for several hours.
Application Insights:
MRI systems are widely used in clinics for musculoskeletal imaging. The growing adoption of MRI for clinical applications across various segments including orthopedics, neurology, and pain management is expected to drive the global market over the forecast period. In additionMRI systems are also used in research settings to study human health issues. The increasing number of studies on NMR images and its applications such as drug discovery & development is expected to propel growth over the forecast period.
Increasing demand for faster diagnosis along with technological advancements that enhance overall efficiency has driven the need for more sophisticated equipment which eventually resulted in increased adoption of NIRVANO by clinics across various regions especially in Europe and North America where it was originally launched.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for diagnostic services. Moreover, growing prevalence of neurological disorders and cancer is expected to drive regional growth over the forecast period. For instance, as per statistics published by American Cancer Society in 2018, 1 out of 3 people will get cancer during their lifetime in U.S., with prostate cancer being most prevalent among all cancers (58%) diagnosed annually in men nationwide.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising disposable income coupled with improving healthcare facilities & infrastructure at a domestic level due to increased government spending on health care programs & initiatives such as National Health Mission 2015 (NHM) and Ayushman Bharat Yojana 2016 (ABY).
Growth Factors:
- Increasing demand for minimally invasive surgeries: Open MRI systems offer high image quality and are less expensive than traditional MRI systems, which is driving their adoption in hospitals and clinics.
- Growing demand for personalized medicine: Open MRI systems provide greater flexibility in terms of positioning the patient and can accommodate larger patients, making them ideal for personalized medicine applications.
- Rising prevalence of chronic diseases: The increasing prevalence of chronic diseases such as cancer, Alzheimer's disease, and multiple sclerosis is fueling the demand for diagnostic imaging services, thereby propelling the growth of the open MRI system market.
- Technological advancements: The development of new technologies such as ultra-high field (UHF) open MRIs is expected to boost the growth of this market in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Open Magnetic Resonance Imaging System Market Research Report
By Type
Permanent Magnet, Superconducting
By Application
Clinic, Experiment
By Companies
GE, Alltech, WDM, Anke, Toshiba, Philips, United Imaging, Hitachi, Siemens, XGY
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Open Magnetic Resonance Imaging System Market Report Segments:
The global Open Magnetic Resonance Imaging System market is segmented on the basis of:
Types
Permanent Magnet, Superconducting
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinic, Experiment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Alltech
- WDM
- Anke
- Toshiba
- Philips
- United Imaging
- Hitachi
- Siemens
- XGY
Highlights of The Open Magnetic Resonance Imaging System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Permanent Magnet
- Superconducting
- By Application:
- Clinic
- Experiment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Open Magnetic Resonance Imaging System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Open Magnetic Resonance Imaging System (OMRS) is a software that enables users to create and share MRI images. OMRS allows for the sharing of MRI images between different users, as well as the collaboration of multiple MRI image editors.
Some of the major companies in the open magnetic resonance imaging system market are GE, Alltech, WDM, Anke, Toshiba, Philips, United Imaging, Hitachi, Siemens, XGY.
The open magnetic resonance imaging system market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Open Magnetic Resonance Imaging System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Open Magnetic Resonance Imaging System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Open Magnetic Resonance Imaging System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Open Magnetic Resonance Imaging System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Open Magnetic Resonance Imaging System Market Size & Forecast, 2018-2028
4.5.1 Open Magnetic Resonance Imaging System Market Size and Y-o-Y Growth
4.5.2 Open Magnetic Resonance Imaging System Market Absolute $ Opportunity
Chapter 5 Global Open Magnetic Resonance Imaging System Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Open Magnetic Resonance Imaging System Market Size Forecast by Type
5.2.1 Permanent Magnet
5.2.2 Superconducting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Open Magnetic Resonance Imaging System Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Open Magnetic Resonance Imaging System Market Size Forecast by Applications
6.2.1 Clinic
6.2.2 Experiment
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Open Magnetic Resonance Imaging System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Open Magnetic Resonance Imaging System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Open Magnetic Resonance Imaging System Analysis and Forecast
9.1 Introduction
9.2 North America Open Magnetic Resonance Imaging System Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Open Magnetic Resonance Imaging System Market Size Forecast by Type
9.6.1 Permanent Magnet
9.6.2 Superconducting
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Open Magnetic Resonance Imaging System Market Size Forecast by Applications
9.10.1 Clinic
9.10.2 Experiment
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Open Magnetic Resonance Imaging System Analysis and Forecast
10.1 Introduction
10.2 Europe Open Magnetic Resonance Imaging System Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Open Magnetic Resonance Imaging System Market Size Forecast by Type
10.6.1 Permanent Magnet
10.6.2 Superconducting
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Open Magnetic Resonance Imaging System Market Size Forecast by Applications
10.10.1 Clinic
10.10.2 Experiment
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Open Magnetic Resonance Imaging System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Open Magnetic Resonance Imaging System Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Open Magnetic Resonance Imaging System Market Size Forecast by Type
11.6.1 Permanent Magnet
11.6.2 Superconducting
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Open Magnetic Resonance Imaging System Market Size Forecast by Applications
11.10.1 Clinic
11.10.2 Experiment
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Open Magnetic Resonance Imaging System Analysis and Forecast
12.1 Introduction
12.2 Latin America Open Magnetic Resonance Imaging System Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Open Magnetic Resonance Imaging System Market Size Forecast by Type
12.6.1 Permanent Magnet
12.6.2 Superconducting
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Open Magnetic Resonance Imaging System Market Size Forecast by Applications
12.10.1 Clinic
12.10.2 Experiment
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Open Magnetic Resonance Imaging System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Open Magnetic Resonance Imaging System Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Open Magnetic Resonance Imaging System Market Size Forecast by Type
13.6.1 Permanent Magnet
13.6.2 Superconducting
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Open Magnetic Resonance Imaging System Market Size Forecast by Applications
13.10.1 Clinic
13.10.2 Experiment
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Open Magnetic Resonance Imaging System Market: Competitive Dashboard
14.2 Global Open Magnetic Resonance Imaging System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE
14.3.2 Alltech
14.3.3 WDM
14.3.4 Anke
14.3.5 Toshiba
14.3.6 Philips
14.3.7 United Imaging
14.3.8 Hitachi
14.3.9 Siemens
14.3.10 XGY
