Open MRI Systems Market: Sales, Revenue, Gross Margin Analysis 2021 | Market Data Forecast
MRI is an imaging technique designed to
visualize the internal structures of a human body using magnetic and
electromagnetic fields which induce a resonance effect of hydrogen atoms. The
electromagnetic emission created by these atoms is registered and processed by
a dedicated computer to produce the images of the body structures.
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The global Open MRI Systems market is estimated
to have a value of USD 2.24 billion in 2016. With a CAGR of 7.1%, the market
size is expected to grow rapidly to cross USD 3.16 billion by 2021. The market
growth apart from attainable scan reports can be attributed to the increasing
aged population and development of MRI compatible pacemakers.
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The augmented use of High-field MRI (1.5T)
needed for pre-operative scans have led to their significant market share among
Open MRI Systems market products. The market analysis discloses that due to
ongoing research and technological advancements a new classification called
very-high-field MRI (3T) is anticipated to show high CAGR values in the near
future. Depending on the application, the Brain and Neurological MRI holds the
highest share owing to rise in geriatric population. Also growing awareness in
people to have advanced safety scans in order to prevent further complications
in the future is also driving this market segment.
In future, technological advancement will
likely to supply further features for early detection of molecular and cellular
changes in Alzheimer illness and for different diseases. Fonar Corporation, a
U.S. primarily based company, has developed a newly invented frequency receiver
and scanning protocol that enables scoliosis patients to get a copy of
diagnostic footage of their spines without the risk accompanied by X-rays. Over
the global market of scanning technologies, the MRI Systems contribute for more
than 20% of medical imaging systems.
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As of now, North America with its advanced
cutting-edge technologies making the services more abundant in clinical
applications accounted for the largest share of global Open MRI Systems market,
followed by the Asia Pacific and Europe.
The major market contributors for the global
Open MRI Systems market are Hitachi Medical Corporation (Japan), Toshiba
Medical Systems (Japan), Siemens Healthcare (Germany), GE Healthcare (U.K.),
and Philips Healthcare (Netherlands).
The scope of the report provides:
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The evaluation of the
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Addresses the opportunities
by better understanding the market through size estimates and growth rate
analysis to forecast the market for the future
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Extensive segmentation to
understand the dynamics of market at a very granular level by splitting down
the market to the smallest segment
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Addresses the key market
dynamics involving the drivers, restraints and challenges with an aim of
providing insights for gaining market share
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The factors responsible for
the shaping of the industry as it is as a result of competitive environment is
analyzed through Porter’s Five Forces
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The effects of political,
economic, social, technological, legal and environmental factors on the
industry is analyzed through PESTLE analysis to better understand the aspects
of strategic management required to comply with the exogenous and endogenous
factors
·
Strategic evaluation of the
key players to gain insights of their performance allowing access to their
product portfolio, financial performance and the strengths of their business strategic
developments
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Comparative study of the
firms across the industry measuring their performances based on market share
and recent activities in order to achieve competitive intelligence
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Equip you with the
information providing with the investment opportunities in the industry
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