Market Trends of Italy Magnetic Resonance Imaging Industry
This section covers the major market trends shaping the Italy Magnetic Resonance Imaging Market according to our research experts:
Open MRI Systems Segment is Expected to Hold a Significant Market Share Over the Forecast Period
An MRI machine that is structured differently, primarily for patient comfort, is called an open MRI. Patients are gently sent through a hollow, cylindrical structure that houses traditional MRI machines. For people with claustrophobia, being in such a small, enclosed area might be difficult. Additionally, they are unable to accommodate those who have broad shoulders or are quite overweight. On the other hand, an open MRI has wide-open sides and is more shaped like a donut with magnets above and below the patient. Patients who are claustrophobic, fat, or young can all be treated using open MRI. The major factors that are expected to drive the growth of the studied market of magnetic resonance imaging (MRI) in Italy are the increasing burden of chronic diseases and initiatives by market players. For instance, the Globocan 2020 report states that Italy reported 415,269 instances of cancer in 2020, with breast cancer being the most common type and accounting for roughly 13.3% of all cancer cases in the nation. Additionally, according to the same analysis, there were 1,230,693 cancer cases in total during a five-year period, with a predicted increase to 495,038 instances by 2040. Thus, if cancer cases rise in the nation, more magnetic resonance imaging systems are likely to be used for cancer diagnoses and tumor monitoring, which will propel the growth of the country's researched market. Several market participants are engaged in strategic projects that are promoting market expansion. For instance, in October 2021, Esaote, an Italian biomedical business with expertise in ultrasound, specialized magnetic resonance imaging, and healthcare information technology, enters the market for entire body magnetic resonance imaging with the new system "Magnifico Open." It is an open MRI system from Esaote, uses cutting-edge technology to satisfy operational and financial requirements in addition to therapeutic objectives. Therefore, efforts to provide innovative technology to aid in patient safety may increase the market in this area.
Therefore, it is anticipated that advances related to open magnetic resonance imaging (MRI) systems will increase market growth in this sector.
