Open MRI Systems Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Open MRI systems are diagnostic systems that incorporates magnet to take images inside of the body in an open setting in contrast to the closed ones. The open MRI includes a magnetic top and bottom while it is open on all the four sides. This design helps to reduce the risk of claustrophobia and panic attacks among patients thereby increasing the accuracy of the diagnosis.
MARKET DYNAMICS
The open MRI systems market is anticipated to grow in the forecast, owing to increasing number of diagnostic tests across the world, rising awareness among populace regarding early benefits of diagnosis and increasing number of patients suffering with tumors. However, high costs of open MRI systems are likely to obstruct the growth of the market during the forecast period.
MARKET SCOPE
The "Open MRI Systems Market Analysis to 2028" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of open MRI systems market with detailed market segmentation by field strength, application, and geography. The open MRI systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading open MRI systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The open MRI systems market is segmented on the basis of field strength and application. Based on field strength the market is segmented as, low, medium and high. The open MRI systems market is categorized based on application such as brain, spine, abdominal, breast, cardiac, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the open MRI systems market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The open MRI systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting open MRI systems market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the open MRI systems market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the open MRI systems market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The open MRI systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting open MRI systems market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the open MRI systems market in these regions.
MARKET PLAYERS
The report covers key developments in the open MRI systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from open MRI systems market are anticipated to have lucrative growth opportunities in the future with the rising demand for open MRI systems market in the global market. Below mentioned is the list of few companies engaged in the open MRI systems market.
The report also includes the profiles of key open MRI systems market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- General Electric
- Hitachi Medical Systems
- ESAOTE SPA
- Koninklijke Philiips N.V.
- Canon Medical Systems Corporation
- Altair Engineering, Inc.
- Revtek Solutions
- MinFound Medical Systems
- SternMed
- Time Medical Holding
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Open MRI Systems Market - By Field Strength
1.3.2 Open MRI Systems Market - By Application
1.3.3 Open MRI Systems Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OPEN MRI SYSTEMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. OPEN MRI SYSTEMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. OPEN MRI SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. OPEN MRI SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. OPEN MRI SYSTEMS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. OPEN MRI SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - FIELD STRENGTH
7.1. OVERVIEW
7.2. FIELD STRENGTH MARKET FORECASTS AND ANALYSIS
7.3. LOW
7.3.1. Overview
7.3.2. Low Market Forecast and Analysis
7.4. MEDIUM
7.4.1. Overview
7.4.2. Medium Market Forecast and Analysis
7.5. HIGH
7.5.1. Overview
7.5.2. High Market Forecast and Analysis
8. OPEN MRI SYSTEMS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BRAIN
8.3.1. Overview
8.3.2. Brain Market Forecast and Analysis
8.4. SPINE
8.4.1. Overview
8.4.2. Spine Market Forecast and Analysis
8.5. ABDOMINAL
8.5.1. Overview
8.5.2. Abdominal Market Forecast and Analysis
8.6. BREAST
8.6.1. Overview
8.6.2. Breast Market Forecast and Analysis
8.7. CARDIAC
8.7.1. Overview
8.7.2. Cardiac Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. OPEN MRI SYSTEMS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Open MRI Systems Market Overview
9.1.2 North America Open MRI Systems Market Forecasts and Analysis
9.1.3 North America Open MRI Systems Market Forecasts and Analysis - By Field Strength
9.1.4 North America Open MRI Systems Market Forecasts and Analysis - By Application
9.1.5 North America Open MRI Systems Market Forecasts and Analysis - By Countries
9.1.5.1 United States Open MRI Systems Market
9.1.5.1.1 United States Open MRI Systems Market by Field Strength
9.1.5.1.2 United States Open MRI Systems Market by Application
9.1.5.2 Canada Open MRI Systems Market
9.1.5.2.1 Canada Open MRI Systems Market by Field Strength
9.1.5.2.2 Canada Open MRI Systems Market by Application
9.1.5.3 Mexico Open MRI Systems Market
9.1.5.3.1 Mexico Open MRI Systems Market by Field Strength
9.1.5.3.2 Mexico Open MRI Systems Market by Application
9.2. EUROPE
9.2.1 Europe Open MRI Systems Market Overview
9.2.2 Europe Open MRI Systems Market Forecasts and Analysis
9.2.3 Europe Open MRI Systems Market Forecasts and Analysis - By Field Strength
9.2.4 Europe Open MRI Systems Market Forecasts and Analysis - By Application
9.2.5 Europe Open MRI Systems Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Open MRI Systems Market
9.2.5.1.1 Germany Open MRI Systems Market by Field Strength
9.2.5.1.2 Germany Open MRI Systems Market by Application
9.2.5.2 France Open MRI Systems Market
9.2.5.2.1 France Open MRI Systems Market by Field Strength
9.2.5.2.2 France Open MRI Systems Market by Application
9.2.5.3 Italy Open MRI Systems Market
9.2.5.3.1 Italy Open MRI Systems Market by Field Strength
9.2.5.3.2 Italy Open MRI Systems Market by Application
9.2.5.4 Spain Open MRI Systems Market
9.2.5.4.1 Spain Open MRI Systems Market by Field Strength
9.2.5.4.2 Spain Open MRI Systems Market by Application
9.2.5.5 United Kingdom Open MRI Systems Market
9.2.5.5.1 United Kingdom Open MRI Systems Market by Field Strength
9.2.5.5.2 United Kingdom Open MRI Systems Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Open MRI Systems Market Overview
9.3.2 Asia-Pacific Open MRI Systems Market Forecasts and Analysis
9.3.3 Asia-Pacific Open MRI Systems Market Forecasts and Analysis - By Field Strength
9.3.4 Asia-Pacific Open MRI Systems Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Open MRI Systems Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Open MRI Systems Market
9.3.5.1.1 Australia Open MRI Systems Market by Field Strength
9.3.5.1.2 Australia Open MRI Systems Market by Application
9.3.5.2 China Open MRI Systems Market
9.3.5.2.1 China Open MRI Systems Market by Field Strength
9.3.5.2.2 China Open MRI Systems Market by Application
9.3.5.3 India Open MRI Systems Market
9.3.5.3.1 India Open MRI Systems Market by Field Strength
9.3.5.3.2 India Open MRI Systems Market by Application
9.3.5.4 Japan Open MRI Systems Market
9.3.5.4.1 Japan Open MRI Systems Market by Field Strength
9.3.5.4.2 Japan Open MRI Systems Market by Application
9.3.5.5 South Korea Open MRI Systems Market
9.3.5.5.1 South Korea Open MRI Systems Market by Field Strength
9.3.5.5.2 South Korea Open MRI Systems Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Open MRI Systems Market Overview
9.4.2 Middle East and Africa Open MRI Systems Market Forecasts and Analysis
9.4.3 Middle East and Africa Open MRI Systems Market Forecasts and Analysis - By Field Strength
9.4.4 Middle East and Africa Open MRI Systems Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Open MRI Systems Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Open MRI Systems Market
9.4.5.1.1 South Africa Open MRI Systems Market by Field Strength
9.4.5.1.2 South Africa Open MRI Systems Market by Application
9.4.5.2 Saudi Arabia Open MRI Systems Market
9.4.5.2.1 Saudi Arabia Open MRI Systems Market by Field Strength
9.4.5.2.2 Saudi Arabia Open MRI Systems Market by Application
9.4.5.3 U.A.E Open MRI Systems Market
9.4.5.3.1 U.A.E Open MRI Systems Market by Field Strength
9.4.5.3.2 U.A.E Open MRI Systems Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Open MRI Systems Market Overview
9.5.2 South and Central America Open MRI Systems Market Forecasts and Analysis
9.5.3 South and Central America Open MRI Systems Market Forecasts and Analysis - By Field Strength
9.5.4 South and Central America Open MRI Systems Market Forecasts and Analysis - By Application
9.5.5 South and Central America Open MRI Systems Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Open MRI Systems Market
9.5.5.1.1 Brazil Open MRI Systems Market by Field Strength
9.5.5.1.2 Brazil Open MRI Systems Market by Application
9.5.5.2 Argentina Open MRI Systems Market
9.5.5.2.1 Argentina Open MRI Systems Market by Field Strength
9.5.5.2.2 Argentina Open MRI Systems Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. OPEN MRI SYSTEMS MARKET, KEY COMPANY PROFILES
11.1. GENERAL ELECTRIC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. HITACHI MEDICAL SYSTEMS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ESAOTE SPA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. KONINKLIJKE PHILIIPS N.V.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CANON MEDICAL SYSTEMS CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. ALTAIR ENGINEERING, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. REVTEK SOLUTIONS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MINFOUND MEDICAL SYSTEMS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. STERNMED
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TIME MEDICAL HOLDING
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. General Electric2. Hitachi Medical Systems3. ESAOTE SPA4. Koninklijke Philiips N.V.5. Canon Medical Systems Corporation6. Altair Engineering, Inc.7. Revtek Solutions8. MinFound Medical Systems9. SternMed10. Time Medical Holding
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.