Market Challenges And Opportunities

Closed MRI Systems Market Drivers

Advantages of using closed MRI systems over open MRI systems is expected to be a major factor for growth of the market. Closed MRI systems have field strength of 1.5 Tesla and can reach up to 3.0 Tesla, which can give four to five times clearer imaging results as compared to open MRI system. This advantage of wide range of field strength has led to increasing use of these systems in lesion detection in multiple sclerosis, nerve visibility for brachial plexus, anatomic structures in the wrist or diagnostic accuracy for hepatic metastases.

Closed MRI Systems Market Restraint

Owing to its closed structure, several claustrophobic patients suffer from panic attacks during MRI diagnosis. For instance, according to factsheet of 2014 Health Research Funding Organization, up to 13% of the patients suffer from panic attacks due to claustrophobia during MRI diagnosis. This is expected to be a major restraining factor for growth of the market.

Furthermore, high cost of closed MRI system is expected to hinder growth of the closed MRI systems market. Moreover, lack of skilled professionals to handle the systems in emerging countries is a major challenge for growth of the closed MRI system market. In 2016, according to the prediction of Global Health Workforce Labor Market Projections for 2030, global demand for health workers will rise to 80 million workers, double the current (2013) while the supply of health workers is expected to reach 65 million over the same period, resulting in a worldwide net shortage of 15 million health workers. According to World Health Organization (WHO) in 2016, India is lacking with 500,000 doctors. According to the recent study findings by Public Health Foundation of India for Ministry of Health and Family Welfare in 2015, radiography and imaging professionals alone accounts for 88.7% of skill gap out of 97.9% across various health workforce categories, amounting to a huge shortage of medical laboratory technicians.

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