CLOSED MRI SYSTEMS MARKET ANALYSIS

Closed MRI Systems MarketSize and Trends

Magnetic resonance imaging (MRI) is a non-invasive medical test that uses powerful magnetic field, radio waves, and a computer to produce detailed virtual image of internal organs of the body. Closed MRI systems have a tube-like tunnel with magnetic field of around 1.5 to 3.0 tesla or above to generate detailed image of the organs. Closed MRI system is used in screening and diagnosis of brain, cardiac, spine, breast or abdominal abnormalities. According to European Magnetic Resonance Forum (EMRF) Foundation, the US sale of MRI machine in 2014 / 2015 was approximately 11,500 MRI systems for which one quarter is open system and rest are closed systems. The closed MRI system market is expected to witness growth, owing to its advantages over conventional open MRI and increasing incidence of brain and spinal injuries.

Increasing awareness about benefits of MRI over X-ray and other imaging techniques using harmful radiation is also expected to propel growth of closed MRI system market in the forecast period. For instance, over the period of January 2016 to January 2017, 3,234,690 patients underwent MRI diagnosis in England. Moreover, increasing number of MRI machine installation is expected to enhance the closed MRI system market growth. For instance, in March 2018, G. Greene Construction Co. installed a Siemens 3T MRI at Boston Children’s Hospital. Furthermore, Cape Breton Regional Hospital installed a new MRI unit, in March 2018. Increasing incidences of spinal and brain injuries is also expected to create a conducive environment for growth of the closed MRI market. For instance, according to 2017 Spinal Cord Injury factsheet of National Spinal Cord Injury Statistical Center (NSCISC), the annual incidence of spinal cord injury in the U.S. is 54 cases per million or about 17,500 new cases each year.

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