Open System MRI market Size

Study Period: | 2018 - 2028 |
Fastest Growing Market: | Asia Pacific |
Largest Market: | North America |
CAGR: | 4.8 % |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Open System MRI market Analysis
MRI is a powerful diagnostic tool which is replacing CT because of its higher sensitivity and use of non-ionizing radiations. Open MRI is the more popular one between the two available systems of MRI, open and closed. Open MRI systems have a magnetic field in the top and bottom and do not enclose the patient in a tunnel. Open MRI is used to accommodate claustrophobic, obese and pediatric patients.
Conventional MRI scanners are a cylinder shape, while an open MRI does not completely surround your body. It is usually open on two or three sides. An Open MRI provides a more relaxed, less confining environment and lower noise levels making it less stressful for you. Therefore all these factors are supporting the open system MRI market.
Open System MRI market
MRI is a powerful diagnostic tool which is replacing CT because of its higher sensitivity and use of non-ionizing radiations. Open MRI is the more popular one between the two available systems of MRI, open and closed. Open MRI systems have a magnetic field in the top and bottom and do not enclose the patient in a tunnel. This prevents the patients becoming Claustrophobic.
In the report, a detailed analysis of the open system MRI market is provided. The market is evaluated by collating revenues generated across segments, categorized by Resolution, Application, and Geography.
By Resolution | |
Low- Field Scanner | |
Mid-field Scanner | |
High-Field Scanner |
By Application | |
Neurology | |
Gastroenterology | |
Cardiology | |
Oncology | |
Others |
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Open System MRI market Trends
This section covers the major market trends shaping the Open System MRI market according to our research experts:
Application in Neurology is Expected to Dominate the market
MRI is the best tool for diagnostic imaging and neuroscience research. It provides morphological images with the highest spatial resolution and unmatched soft tissue contrast, as well as the unique functional information of the central nervous system (CNS). 97% of MRI sites perform the brain examinations and 1 in 4 MRI scans is of the brain, making it one of the most commonly performed exams in neurology.
The neurological uses of MRI systems include the diagnosis of brain and spinal cord tumors, infection and vascular irregularities, which may lead to stroke. MRI can also detect the disorders, along with performing the monitoring of degenerative disorders, such as multiple sclerosis, and it can even document brain injury from trauma.
According to The American Speech-Language-Hearing Association (ASHA), worldwide, in 2016, there were approximately 27 million new cases of Traumatic Brain Injury (TBI) with an age-adjusted incidence rate of 369 per 100,000, which represents a 3.6% increase from 1990. In the same year, prevalence was 55.5 million individuals, representing an 8.4% increase from 1990.
Hence, the increase prevalence of TBI have resulted in increased demand for diagnostic imaging equipment like open MRI and hence this factor is expected for the market growth.

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North America is Expected to Dominate the Open System MRI Market
North America currently dominates the open system MRI market, and it is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the well-established healthcare system of the United States and the initiatives that are being carried out by the various organizations, along with the government to promote the disease diagnosis. Siemens and Philips are the leading companies in the United States.
The average MRI scanning cost ranges between USD 650 to USD 950 based on dye being used or not. With that, the United States has the largest market share in North America, and is also expected to record a high CAGR over the forecast period.

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Open System MRI market
Majority of the open system MRI are being manufactured by the some of the major key players. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market grow.
Open System MRI market Leaders
GE Healthcare
Hitachi Medical Corporation
Philips Healthcare
Siemens Healthcare
ESAOTE SA
*Disclaimer: Major Players sorted in no particular order

Open System MRI market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Number of MRI Procedures
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4.2.2 Increasing Product Launches
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4.3 Market Restraints
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4.3.1 High Cost of Open MRI Systems
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Resolution
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5.1.1 Low- Field Scanner
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5.1.2 Mid-field Scanner
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5.1.3 High-Field Scanner
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5.2 By Application
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5.2.1 Neurology
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5.2.2 Gastroenterology
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5.2.3 Cardiology
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5.2.4 Oncology
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5.2.5 Others
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Italy
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5.3.2.5 Spain
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5.3.2.6 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 South Korea
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Middle-East and Africa
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5.3.4.1 GCC
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5.3.4.2 South Africa
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5.3.4.3 Rest of Middle East and Africa
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5.3.5 South America
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5.3.5.1 Brazil
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5.3.5.2 Argentina
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5.3.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 GE Healthcare
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6.1.2 Hitachi Medical Corporation
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6.1.3 Philips Healthcare
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6.1.4 Siemens Healthcare
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6.1.5 ESAOTE SA
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6.1.6 Canon Medical Systems Corporation
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Open System MRI market Research FAQs
What is the study period of this market?
The Open System MRI Market is studied from 2018 - 2028.
What is the growth rate of Open System MRI Market?
The Open System MRI Market is growing at a CAGR of 4.8% over the next 5 years.
Which region has highest growth rate in Open System MRI Market?
Asia Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Open System MRI Market?
North America holds highest share in 2021.
Who are the key players in Open System MRI Market?
GE Healthcare, Hitachi Medical Corporation, Philips Healthcare, Siemens Healthcare, ESAOTE SA are the major companies operating in Open System MRI Market.
Open System MRI Industry Report
Statistics for the 2023 Open System MRI market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Open System MRI analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.