Closed MRI Systems Market PESTEL Analysis, SWOT Analysis, CAGR and Value Chain Study to 2030

Magnetic Resonance Imaging (MRI) is a technique used in radiology to capture images of physiological processes in body. Closed MRI system is a tube-like tunnel with high field strength used to obtain greater resolution and thinner slices for a more accurate diagnosis. Moreover, it is helpful to study smaller parts of body, and to perform patient body scan faster than other MRI systems. Furthermore, closed MRI systems uses magnetic field and radio waves that screen and diagnose various diseases, such as multiple sclerosis (MS), cartilage degeneration in the knee, breast cancer, dementia, prostate cancer, and spinal tuberculosis among others.

Growing aging population and awareness among people about benefits of MRI scanning are key factors driving the growth of global closed MRI system market. In addition, technological advancements like low field strength, high field strength MRI systems and increasing health awareness in developed countries are all major factors driving the global closed MRI systems market.

However, the high cost of MRI systems and declining reimbursement rates for MRI procedures are primary factors restraining the growth of the global closed MRI systems market. Moreover, reduction in the availability of helium that could act as an alternative for magnets in the MRI systems, and inadequate appropriate infrastructure are major factors hampering growth of the global closed MRI systems market.

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Currently, the market in North America dominates the global closed MRI systems market in revenue terms owing to the availability of appropriate infrastructure, high awareness levels among the general population about health care, and high amount of disposable income in the region. Europe is currently holding second-largest market followed by Asia Pacific. The market in Asia Pacific is expected to witness relatively high growth over the forecast period owing to rapid growth in infrastructure, availability of appropriate healthcare setup and growing awareness about early diagnosis among the general population. Emerging economies in the Asia Pacific such as India and China are expected to expand the highest over the forecast period.

Global Closed MRI Systems Market Segmentation:

Global closed MRI systems market segmentation by field strength:

Low-To-Mid Field

High Field

Very High Field

Ultra-High Field

Global closed MRI systems market segmentation by application:

Brain

Spine

Cardiac

Breast

Abdominal

Global closed MRI systems market segmentation by region:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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Key Players:

GE Healthcare

Philips Healthcare

Siemens Healthcare

Toshiba Medical Systems

Imris Inc.

Fonar Corporation

Esaote S.P.A.

Hitachi Medical Corporation

Neusoft Medical System

Aurora Medical Imaging