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Europe Open System MRI Market - Growth, Trends And Forecasts (2020 - 2025)

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The European Open System MRI market is poised to reach $310.18 million by 2021 growing at a CAGR of 6.3%. MRI is replacing CT in diagnosis because it is more sensitive and safer as it does not use ionizing radiation. Within the fast rising MRI market, the open system market is taking over the currently popular closed system market. This is because the open system does not enclose the patient with the magnetic fields only the top and the bottom. This is more preferred as it does not cause claustrophobia which is a very common symptom in patients. The rising incidence of cardiovascular, neurological and gastrointestinal diseases and cancers, MRI has become a popular diagnostic tool in the healthcare domain.

The European countries like UK, France and Germany have a high per capita income and good healthcare policies making facilities such as MRI more affordable. There is a rising aging population in these countries increasing the demand for advanced healthcare facilities such as MRI. Constant advancements in technologies are made because to the large investments made on healthcare research.

The market can be segmented based on the resolution (low-field, mid-field and high field), the applications (Neurology, Cardiology, Gastroenterology and Oncology) and geographically (UK, France, Sweden, Scandinavia, Germany and other countries). The key players in the industry are GE, Hitachi Medical Corporation, Philips Healthcare, Siemens Healthcare and Toshiba Medical Systems.

Drivers:

Advancement in technology and healthcare facilities contribute to the growing Open System MRI market. It is also preferred over the closed system MRI and is fast replacing it. The increased incidence of diseases and rise in aging population are also market drivers.

Constraints:

The increasing number of accidents recorded in patients with implants such as pacemakers and cochlear implants. The technology also requires skilled professionals for performing the diagnosis and analyzing the results.

What the report offers?

  • Market Definition for the specified topic along with identification of key drivers and restraints for the market.
  • Market analysis for the European Open System MRI Market in Healthcare Industry, with region specific assessments and competition analysis on a European scale.
  • dentification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
  • Identification and analysis of the Macro and Micro factors that affect the European Open System MRI Market in Healthcare Industry on both European and regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

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