Europe Open System MRI Market Outlook 2031:
The Europe Open System MRI Market size was valued at USD 334.28 Million in 2022 and is likely to reach USD 637.15 Million by 2031 expanding at a CAGR of 7.43% during 2023 – 2031. The growth of the market is attributed to growing incidences of age – associated chronic diseases.
The open MRI system is more popular among the available of two MRI systems, closed, and open. Open MRI system provides fresh open-air experience that allow patients to gain relaxation. The use of magnetic particle imaging (MPI) with MRI is resulting high resolution picture of inside organs and tissues.
The COVID-19 pandemic affected the demand and supply of the Europe open system MRI market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Open System MRI Market Trends, Drivers, Restraints, and Opportunities
- Research & development and technological advancement in the medical sector is estimated to drive the Europe open system MRI market during the forecast period.
- High demand for safe and accurate diagnostic methods and changing lifestyles is projected to expand the Europe open system MRI market.
- Cancer cases in the Europe have risen to 2.7 million of all types is expected to boost the Europe open system MRI market during the forecast period.
- High cost of MRI system and some part of population does not afford this treatment is hampering the market growth during the forecast period.
- High skills required for operating MRI machines is hindering the market growth during the forecast period.
- Europe is planning to increase use of open system MRI which help in planning cancer treatment such as surgery and radiation in future is fueling the market during the forecast period.
Scope of Europe Open System MRI Market Report
The report on the Europe open system MRI market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Open System MRI Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Applications (Neurology, Gastroenterology, Cardiology, Oncology, and Others)
|
|
Regional Scope
|
Europe
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Hitachi Medical Corporation; GE Healthcare; Siemens Healthcare; Philips Healthcare; ESAOTE SA
|
Europe Open System MRI Market Segment Insights
The neurology segment is projected to expand at a considerable CAGR
Based on applications, the Europe open system MRI market is divided into neurology, gastroenterology, cardiology, oncology, and others. The neurology segment is projected to expand at a considerable CAGR during the forecast period due to the use of MRI system in the neurology includes inspection & vascular irregularities diagnosis of brain & spinal cord tumors, which lead to stroke. MRI detect the degenerative disorders such as multiple sclerosis and it even detect brain injury from trauma.
As the number of peoples with dementia is expected to rise the demand of Europe open system MRI market during the forecast period. However, the gastroenterology segment is anticipated to hold a key market share during the forecast period due to increasing demand of MRI system in the gastrointestinal disorders. On the other hand, the cardiology segment is anticipated to hold a key market share during the forecast period due to increasing the number patients related to heart diseases.
Germany is anticipated to constitute a key market share
In terms of geography, the Europe open system MRI market is classified as Germany, United Kingdom, France, Italy, Spain, and Rest of Europe. Germany is anticipated to constitute a key market share during the forecast period due to increasing rate of dementia patients. . Furthermore, increasing healthcare infrastructure and supportive government regulations are expected to drive the market during the forecast period.
On the other hand, the market in United States is projected to expend at a considerable CAGR during the forecast period due to adoption of MRI system in diagnosis of various diseases.
Segments
The Europe open system MRI market has been segmented on the basis of
Applications
- Neurology
- Gastroenterology
- Cardiology
- Oncology
- Others
Geography
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
Key Players
Competitive Landscape
Key players competing in the Europe open system MRI market include Hitachi Medical Corporation; GE Healthcare; Siemens Healthcare; Philips Healthcare; and ESAOTE SA
These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.
Request For Customization
Enquiry Before Buying
Speak With Analyst
