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Closed MRI Systems MarketClosed MRI Systems Market - Latest Advancements & Market Outlook 2018 to 2026

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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
Closed MRI Systems Market
Global Industry Insights, Trends, Outlook, and
Opportunity Analysis, 2018–2026
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REPORT DESCRIPTION
Closed MRI Systems Market Overview
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.
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.
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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.
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.
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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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Closed MRI Systems Market - Regional Analysis
Based on geography, the closed MRI system market has been segmented into North America,
Latin America, Europe, Middle East, Asia Pacific, and Africa. Europe holds the dominant
position in the closed MRI system market over the forecast period, owing to high adoption of
closed MRI as compared to open MRI. For instance, according to European Magnetic
Resonance Forum (EMRF) Foundation, open systems are mostly sold in the U.S., and the
market share of open system is limited in Europe. This is creating a demand for closed MRI
systems usage in the diagnosis in Europe.
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