Open MRI Systems Market Size To Reach $2.73 Billion By 2030

Open MRI Systems Market Growth & Trends

The global open MRI systems market size is expected to reach USD 2.73 billion by 2030, registering a CAGR of 7.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for high strength open MRI systems is expected to drive growth during the forecast period.

Changing lifestyle and increasing prevalence of age-associated chronic conditions including cancers and neurological disorders are among the factors expected to boost the demand for safer and accurate diagnostic imaging devices. Open MRIs are specifically designed to provide comfort to patients, especially children and obese patients.

Limited number of high strength open MRI systems and large number of ongoing studies are expected to widen the scope for growth of the market over the forecast period. Launch of Oasis open MRI 1.2T system by Hitachi and rapid geographic expansion of the company are likely to contribute to the high demand for advanced open MRIs in developed and developing regions.

Increasing number of strategic initiatives such as development of advanced software for open MRI systems and patient-friendly devices with less noise is among the factors expected to propel market growth. Moreover, rising awareness about preventive diagnostics and growing medical tourism in developing regions are some of the factors expected to aid in growth.

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Open MRI Systems Market Report Highlights

• The mid-field segment dominated the market and accounted for a share of 46.8% in 2023. This includes devices with 0.3T to 1 T strength.

• The high-field segment is expected to grow at the fastest CAGR of 9.0% over the forecast period, owing to remarkable research bringing revolutionary advancements in the imaging sector.

• Brain & Neurological segment dominated the market and accounted for a share of 22.6% in 2023.

• The breast segment is expected to grow significantly at a CAGR of 8.3% over the forecast period, owing to the increasing prevalence of breast cancer.

• The hospitals segment dominated the market and accounted for a share of 37.2% in 2023. Several hospitals installed open MRI machines due to their advantages over traditional MRI machines.

• The imaging centers segment is expected to grow at the fastest CAGR of 9.4% over the forecast period.

• North America accounted for the largest revenue share of 36.74% in the open MRI systems market in 2023, owing to many major market players and the high adoption of advanced diagnostic technologies.

Open MRI Systems Market Segmentation

Grand View Research has segmented global open MRI systems market report based on field strength, application, end-use, and region:

Open MRI Systems Field Strength Outlook (Revenue, USD Million, 2018 - 2030)

• Low-Field

• Mid-Field

• High-Field

Open MRI Systems Application Outlook (Revenue, USD Million, 2018 - 2030)

• Obstructive Sleep Apnea

• Brain & Neurological

• Spine & Musculoskeletal

• Vascular

• Abdominal

• Cardiac

• Breast

• Others

Open MRI Systems End-use Outlook (Revenue, USD Million, 2018 -2030)

• Hospitals

• Imaging Centers

• Ambulatory Surgical Centers

• Others

Open MRI Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Open MRI Systems Market

• GE Healthcare

• Siemens Healthineers AG

• Koninklijke Philips N.V.

• Hitachi, Ltd.

• CANON MEDICAL SYSTEMS CORPORATION

• Esaote SPA

• FUJIFILM Holdings Corporation

• Neusoft Corporation

• Alltech Medical Systems

• Shenzhen Anke High-tech Co., Ltd.