Hyderabad, India -- (SBWire) -- 02/27/2018 --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).
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