The Open MRI System market is predicted to reach 3.16 Billion with a CAGR of 7.1% according to the Market Data Forecast

The Open MRI System market is predicted to reach 3.16 Billion with a CAGR of 7.1% according to the Market Data Forecast

ID: 2345 | April 2018 | Region: Global

The Global Open MRI System Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Global Open MRI Systems is estimated to be USD 2.24 Billion in 2016 and predicted to rise to USD 3.16 Billion by 2021 with a CAGR of 7.1%. The market is segmented by Field Strength (low to mid-range) by Application (Brain, Spine, Cardiac, Abdominal, Breast) and by region – Global Industry Analysis, Size, Share, Growth, Trends and forecasts (2016-2021).Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.

MRI is a test which uses magnetic field and pulses from Radio wave energy to take pictures of various parts of our body. There are many drivers in this market like rise in geriatric population, developments in MRI techniques, Developing Markets, open architecture, and software Applications, and development of MRI compatible pacemakers. But some of the factors like high cost of MRI systems, draining helium gas deposits, declining reimbursement rates, dearth of skilled labor and complexity of machines are restraining the market.

Brain and neurological MRI is the Largest Growing Segment and the largest segment which is because of rise in geriatric population, and people gaining sufficient awareness to detect diseases.

Geographically, North America has the highest share in the global market followed by Asia. The highest share of North America is attributed to its greater availability of advanced Technology and greater spending limits for people. Asia Pacific has the highest CAGR because of the rise in spending limits of people and rise in geriatric population

Key players in the Open MRI systems market are Hitachi Medical Corporation (Japan), Toshiba Medical Systems (Japan), Siemens Healthcare (Germany), GE Healthcare (U.K.), and Philips Healthcare (Netherlands).

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