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North America Open System MRI Market - Growth, Trends And Forecasts (2017 - 2022)

  • January 2017
  • 122 pages
  • Mordor Intelligence LLP
Report ID: 2997590

Summary

Table of Contents

The North American Open system MRI market is expected to grow at a CAGR of 5.4% to reach $511.3 million by 2020.?MRI is a powerful diagnostic tool which is replacing CT because of its higher sensitivity and use of non-ionizing radiations. Open MRI is the more popular one between the two available systems of MRI, open and closed. Open MRI systems have a magnetic field in the top and bottom and do not enclose the patient in a tunnel. This prevents the patients becoming Claustrophobic. There is a study which shows that one in every 6 patients suffers from claustrophobia hence the open system is preferred and is fast replacing the closed system.

The per capita income in countries is high in countries such as USA and Canada, making health care facilities such as MRI more affordable. There is a rise in the aging population and disease incidence in these countries contributing to the growing Open System MRI market. A large investment is being made by the governments on the healthcare industry. The equipment market can be segmented based on the resolution (low-field, mid-field and high field), the applications (Neurology, Cardiology, Gastroenterology and Oncology) and regionally (USA, Canada and other countries). The key players in the industry are GE , Hitachi Medical Corporation , Philips Healthcare, Siemens Healthcare and Toshiba Medical Systems.

Drivers:

Advancement in technology and healthcare facilities has made this technology popular. It is not only safe but also preferred by all patients as it does not make them claustrophobic. It is more sensitive than CT. The growing aging population and higher incidence of diseases are drivers of this market.

Constraints:

The increasing number of accidents recorded in patients with implants such as pacemakers and cochlear implants. The technology also requires skilled professionals for performing the diagnosis and analyzing the results.

What the report offers?

1) Market Definition for the specified topic along with identification of key drivers and restraints for the market.

2) Market analysis for the North American Open System MRI Market in Healthcare Industry, with region specific assessments and competition analysis on a North American scale. 3) Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a North American and regional scale.

4) Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.

5)Identification and analysis of the Macro and Micro factors that affect the North American Open System MRI Market in Healthcare Industry on both North American and regional scale.

6)A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

Please note: this report requires certain updates. We have all the information available but require 2 business days to complete the process and ensure it is as up-to-date as possible.


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