Market Size of Asia Pacific Open System MRI Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 338.09 Million |
| Market Size (2029) | USD 491.50 Million |
| CAGR (2024 - 2029) | 7.77 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Open System MRI Market Analysis
The Asia Pacific Open System MRI Market size is estimated at USD 338.09 million in 2024, and is expected to reach USD 491.5 million by 2029, growing at a CAGR of 7.77% during the forecast period (2024-2029).
Open systems are preferred systems for scanning infants and can accommodate overweight and obese patients also. Hospitals and diagnostic centers prefer to purchase open systems as they allow diagnostic imaging of a variety of conditions. These systems have a small risk of panic attacks and claustrophobia, leading to widespread acceptance of these programs by patients with these conditions.
The growth of this open MRI systems market can be attributed to the increasing geriatric population and rising prevalence of cancer in the region. According to estimates of Johnson and Johnson, Asia pacific has 50% of the world's cancer burden in the year 2020 and is expected to increase by 36% for 2030. However, the growing disease burden, and increasing application of the MRI system, and the advantages of the open MRIs are boosting the market growth in the region. Therefore all these factors are supporting the Asia Pacific Open System MRI market.
