North America Open MRI Systems Market Set for Robust Growth by 2030

According to the latest market research study published by P&S Intelligence, the North American open MRI system market is poised for robust growth, with a projected market size increase from USD 880.9 million in 2024 to USD 1,380.8 million by 2030, advancing at a compound annual growth rate (CAGR) of 7.8%. The growing prevalence of chronic diseases, an aging population, and the increasing demand for cost-effective medical imaging solutions are driving the market. Technological advancements, such as MRI-compatible devices and hybrid MRIs, are further accelerating market growth. These innovations allow for safer and more accurate diagnostics, making open MRI systems an essential tool in medical imaging.

Governments and healthcare institutions are increasingly focusing on the early detection of diseases like cancer and neurological disorders, enhancing the demand for MRI systems. This shift toward preventive healthcare, along with the expansion of healthcare infrastructure, is expected to create new opportunities in the market.

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Key Insights

• The semi-open, high-field type of open MRI system dominated the market in 2022, accounting for over 45% of the share. These systems offer faster scan times, superior image quality, and the ability to view smaller anatomical parts, making them highly preferred in clinical settings.

• Advanced open MRI systems are projected to grow the fastest during the forecast period, thanks to their ability to conduct weight-bearing imaging. This is particularly useful for diagnosing sports injuries and musculoskeletal conditions.

• The neurology segment held the largest share in 2022, accounting for around 56%. Open MRI systems are widely used in diagnosing neurological conditions such as brain injuries, Alzheimer's disease, and other central nervous system disorders, driven by a rising number of traumatic brain injuries.

• U.S. is the largest market for open MRI systems, holding over 90% of the market share in 2022. The country's extensive healthcare infrastructure, high healthcare spending, and aging population are key factors contributing to this dominance.

• The increasing demand for non-invasive, patient-friendly diagnostic methods is driving the growth of open MRI systems. Claustrophobia among patients, especially women, has led to a rise in preference for open MRI scans, enhancing their market adoption.

• Technological innovations like the integration of AI and artifact stabilization software are playing a pivotal role in reducing the workload of radiologists, thereby improving the efficiency and accuracy of MRI procedures.

• In addition to technological advancements, the growing awareness about early disease diagnosis, especially cancer detection, is significantly boosting the demand for MRI scans. Initiatives for early cancer screening, particularly breast cancer awareness campaigns, have contributed to increased MRI usage.

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• Canada is expected to be the fastest-growing market in the region, driven by the rising demand for high-quality diagnostic services and the expansion of healthcare infrastructure.

• The growing number of diagnostic imaging centers in the U.S. and Canada, coupled with the increasing prevalence of cancer and neurological diseases, is expected to continue fueling the market's expansion.

• The ongoing integration of integrated PET/MRI systems is enhancing soft tissue anomaly detection, further propelling the adoption of MRI systems in oncology and other clinical applications.

• Key players in the market are investing in R&D and strategic collaborations to introduce next-generation MRI technologies, thereby improving system capabilities and capturing larger market shares.

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