Open System MRI Market

Executive Summary

Open System MRI Market was valued at US $2.32 billion in 2021 and is projected to grow at 7.11% CAGR over the forecast period to reach US $3.51 billion by 2027. Open System MRI Market represented US $0.30 billion opportunity over 2019-2021 and estimated to create US $1.19 billion opportunity in 2027 over 2021.

Open System MRI from Consainsights analyses the Open System MRI Market in the Life Sciences industry over the forecast period to 2027.

Open System MRI research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Open System MRI segmentation includes Resolution, Application and Geography.

Based on the Resolution, the Open System MRI analysis covers Low- Field Scanner, Mid-field Scanner, High-Field Scanner.

In Resolution segment, Low- Field Scanner segment has highest cagr growth of 6.29%.

Based on the Application, the Open System MRI analysis covers Neurology, Gastroenterology, Cardiology, Oncology, Others.

In Application segment, Neurology segment has highest cagr growth of 6.29%.

Based on the region, the Open System MRI analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include GE Healthcare, Hitachi Medical Corporation, Philips Healthcare, Siemens Healthcare, ESAOTE SA, Canon Medical Systems Corporation and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Resolution

Introduction

In 2021, Low- Field Scanner segment has the highest revenue of US $1.09 billion and is expected to grow at CAGR of 6.29% by 2027 Low- Field Scanner segment has highest cagr growth of 6.29%.

Low- Field Scanner

Low- Field Scanner segment was valued at US $0.95 billion in 2019 and is projected to grow at 6.29% CAGR over the forecast period to reach US $1.64 billion by 2027. Low- Field Scanner segment represented US $0.14 billion opportunity over 2019-2021 and estimated to create US $0.55 billion opportunity in 2027 over 2021.

Mid-field Scanner

Mid-field Scanner segment was valued at US $0.56 billion in 2019 and is projected to grow at 6.29% CAGR over the forecast period to reach US $0.97 billion by 2027. Mid-field Scanner segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.33 billion opportunity in 2027 over 2021.

High-Field Scanner

High-Field Scanner segment was valued at US $0.52 billion in 2019 and is projected to grow at 6.29% CAGR over the forecast period to reach US $0.90 billion by 2027. High-Field Scanner segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.30 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, Neurology segment has the highest revenue of US $0.92 billion and is expected to grow at CAGR of 6.29% by 2027 Neurology segment has highest cagr growth of 6.29%.

Neurology

Neurology segment was valued at US $0.80 billion in 2019 and is projected to grow at 6.29% CAGR over the forecast period to reach US $1.39 billion by 2027. Neurology segment represented US $0.12 billion opportunity over 2019-2021 and estimated to create US $0.47 billion opportunity in 2027 over 2021.

Gastroenterology

Gastroenterology segment was valued at US $0.59 billion in 2019 and is projected to grow at 6.29% CAGR over the forecast period to reach US $1.02 billion by 2027. Gastroenterology segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.34 billion opportunity in 2027 over 2021.

Cardiology

Cardiology segment was valued at US $0.41 billion in 2019 and is projected to grow at 6.29% CAGR over the forecast period to reach US $0.70 billion by 2027. Cardiology segment represented US $0.06 billion opportunity over 2019-2021 and estimated to create US $0.24 billion opportunity in 2027 over 2021.

Oncology

Oncology segment was valued at US $0.15 billion in 2019 and is projected to grow at 6.29% CAGR over the forecast period to reach US $0.26 billion by 2027. Oncology segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.09 billion opportunity in 2027 over 2021.

Others

Others segment was valued at US $0.08 billion in 2019 and is projected to grow at 6.29% CAGR over the forecast period to reach US $0.14 billion by 2027. Others segment represented US $0.01 billion opportunity over 2019-2021 and estimated to create US $0.05 billion opportunity in 2027 over 2021.