Technavio analyzes that the Open System MRI Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 267.2 million.There are various factors that contribute to the growth of the market.ai_driver_list1
In the dynamic landscape of the global open system MRI market, the low field segment emerged as the largest and most rapidly expanding application sector in 2023. This resurgence of low-field MRI devices can be attributed to significant advancements in both hardware and software technology. Initially, the performance of low-field scanners was perceived as inferior to their high-field counterparts (1.5 T and 3 T). However, advancements have made various scanning applications, such as those involving soft tissues like muscles, ligaments, nerves, spinal cord, brain, and even metal implants, pacemakers, and insulin pumps, increasingly feasible in low-field systems. The acceptance of high-performance low-field MRI scanners is expected to continue during the forecast period, with proposed adaptations offering distinct advantages over high-field MRI systems in terms of cost-effectiveness, portability, and ease of use for scanning a wide range of anatomies and patient populations.
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Open System MRI Market Segmentation
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An Open MRI machine is a painless diagnostic tool that uses a magnet, radio waves, and a computer to produce clear images of organs and structures within the body. Unlike X-rays, which use radiation, Open MRI does not involve radiation exposure. Instead, it may use contrast material, such as gadolinium, to enhance diagnostic images. Open MRI is particularly useful for examining soft tissues, including the brain, spinal cord, nerves, muscles, and blood vessels. It can help identify various conditions, such as tumors, inflammation, infection, and issues related to blood supply. A healthcare provider may recommend an Open MRI instead of a CT scan for certain diagnostic needs.
The Open MRI market is a significant segment of the global healthcare equipment industry, according to Technavio's market research. This market is characterized by the use of Open MRI machines for imaging tests, providing painless and clear images of organs and structures. These machines employ a magnet, radio waves, and a computer to generate detailed scans, without the need for radiation like traditional X-rays. Technavio's analysis of the global healthcare equipment market encompasses the revenues of manufacturers in the diagnostic equipment and devices sector, spanning capital equipment, instruments, implants, accessories, and consumables. The healthcare equipment market size is determined by the combined earnings of these companies, serving various therapy areas.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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