Asia-Pacific open MRI Systems Market is expected to reach USD 740 million by 2021 with a CAGR of 9.40%

The Asia-Pacific open MRI Systems Market was worth USD 470 million in 2016 and is expected to reach USD 740 million by 2021 with a CAGR of 9.40%.

MRI is a scan which utilizes magnetic field and pulses from Radio wave energy to make pictures of internal parts of our body. MRI may show problems that wasn’t seen by other imaging methods. MRI’s are generally closed but there are some which doesn’t enclose your body completely which is called open MRI. But they aren’t available everywhere.

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MRI is mainly used for finding problems like tumors, injury, Bleeding, Blood Vessel Diseases, or Infection. It is also used to see a problem encountered on x-ray or CT scan. MRI can take pictures of Head, Spine, Brain, Abdominal, cardiac and blood vessels and find the diseases or any problems associated with them. In the past open MRI was considered as low field MRI and most of the people think it’s less powerful than closed MRI. But now a day’s field strength is increased and in the range of mid field MRI. It’s field strength is even improved to high field but we do not call it open anymore.

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There are many drivers in this market like increase in developments in MRI techniques, aging population, Developing Markets, software Applications, open architecture, and development of MRI compatible pacemakers. But some of the factors like draining helium gas deposits, high cost of MRI systems, declining reimbursement rates, complexity of machines and lack of skilled labor are restraining the market. This is the fastest growing region in the world because of developing market and increase in spending limits of people.

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The Open MRI Systems market is segmented based on Application and field strength. Based on field Strength, Open MRI Systems are further segmented into low to mid field. On the basis of Application, market is further segmented into Spine, Cardiac, Brain, Breast and Abdomen. Under this segmentation, Brain and Neurological MRI holds the highest Share owing to rise in geriatric population and rise in early awareness levels. Based on Geography, Asia-Pacific is further segmented into China, Japan, and India.

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

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