(MoneyNewsWire.Net, April 16, 2018 ) Latin America open MRI Systems Market was worth 170 million USD in 2016 and is expected to grow at a CAGR OF 8.20% and reach 250 million USD by 2021. MRI is a scan which utilizes magnetic field and pulses from Radio wave energy to make pictures of internal parts of our body. MRI may show problems that wasn’t seen by other imaging methods. MRI’s are generally closed but there are some which doesn’t enclose your body completely which is called open MRI. But they aren’t available everywhere.
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MRI is mainly used for finding problems like injury, tumors, Bleeding, Infection or Blood Vessel Diseases. It is also used to see a problem encountered on x-ray or CT scan. MRI can take pictures of Spine, Head, Brain, cardiac, Abdominal, and blood vessels and find the diseases or any problems associated with them. In the past open MRI was considered as low field MRI and most of the people think it’s less powerful than closed MRI. But now a day’s field strength is increased and in the range of mid field MRI. It’s field strength is even improved to high field but we do not call it open anymore.
There are many drivers in this market like increase in developments in MRI techniques, aging population, Developing Markets, software Applications, open architecture, and development of MRI compatible pacemakers. While some other factors like high cost of MRI systems, declining reimbursement rates, draining helium gas deposits, lack of skilled labor and complexity of machines have been restraining the market. Latin America is one of the developing markets owing to its growing economy.
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The Open MRI Systems market is segmented based on field strength, Application. Based on field Strength, Open MRI Systems are further Segmented into low to mid field. Based on Application, market is further segmented into Brain, Spine, Cardiac, Breast and Abdomen. In this market, Brain and Neurological MRI holds the Highest Share owing to rise in geriatric population and rise in early awareness levels. Based on Geography, Latin America is further segmented in to brazil and the rest of Latin America.
Major players in the Open MRI systems market are Toshiba Medical Systems (Japan), Hitachi Medical Corporation (Japan), GE Healthcare (U.K.), Siemens Healthcare (Germany), and Philips Healthcare (Netherlands).
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