Japan Magnetic Resonance Imaging Market Size

Japan Magnetic Resonance Imaging Market Analysis

The Japan Magnetic Resonance Imaging Market size is estimated at USD 668.09 million in 2024, and is expected to reach USD 879.39 million by 2029, growing at a CAGR of 5.65% during the forecast period (2024-2029).

The COVID-19 pandemic has sparked the disturbance of long-established practices in an extremely short period. Issues such as climate change and other infectious diseases are set to cause even worse crises and new societal risks in the future. It has had a significant impact on stroke healthcare, including the prehospital care system and in-hospital workflow. Before the COVID-19 pandemic, brain MRI was mainly used to evaluate the indication for reperfusion therapy according to the institutional policy. After the lifting of the State of Emergency in the With-COVID-19 period, the proportion of patients undergoing MRI increased, especially in patients who only received intravenous thrombolysis. Therefore, it is observed that the use of MRI imaging significantly increased, which, in turn, boosted the growth of the MRI market in Japan.

According to a study titled 'Acute Ischemic Stroke During the Convalescent Phase of Asymptomatic COVID-2019 Infection in Men', published in April 2021, acute ischemic stroke (AIS) is a documented neurological consequence in COVID-19 infected patients who have respiratory symptoms. AIS, on the other hand, has not been recorded as a late complication in COVID-19 individuals who do not have respiratory symptoms. The results from the clinical course, imaging, and laboratory findings were retrieved and compared. The incidence rate is high in covid-positive patients which are expected to increase the demand for the MRI market in Japan.

Some of the major factors driving the market growth include the rising burden of chronic diseases and increasing demand for diagnostic imaging for the same and the presence of key companies in the country. Furthermore, Japan is a research-intensive country, and research studies in the area of magnetic resonance imaging are further expected to advance the MRI technology and increase more awareness. For instance, according to the research study published in September 2021, titled 'Comparison of Diagnostic Accuracy for TNM Stage Among Whole-Body MRI and Coregistered PET/MRI Using 1.5-T and 3-T MRI Systems and Integrated PET/CT for Non-Small Cell Lung Cancer', whole-body MRI and coregistered PET/MRI using 3-T and 1.5-T systems are as accurate or more accurate than PET/CT, whereas differences between 3-T and 1.5-T MRI systems are not considered significant. Therefore, the market studied in Japan is expected to witness strong growth over the forecast period.