Magnetic Resonance Imaging Market in Japan Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

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 is expected to increase the demand for diagnostic imaging and the MRI market in Japan.

Some of the major factors driving the market growth include the rising burden of chronic diseases, increasing demand for diagnostic imaging, and the presence of key Magnetic Resonance Imaging manufacturers in the country. Furthermore, Japan is a research-intensive country, and research studies in the area of Magnetic Resonance Imaging systems are expected to advance the MRI technology and increase awareness. For instance, according to a 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 MRI 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 Magnetic Resonance Imaging market in Japan is expected to witness strong growth over the forecast period.

Japan Magnetic Resonance Imaging Market Trends

This section covers the major market trends shaping the Japan Magnetic Resonance Imaging Market according to our research experts:

Oncology Segment is Expected to Witness Significant Growth in Future

Japan Magnetic Resonance Imaging Industry Segmentation

As per the scope of this report, magnetic resonance imaging is a medical imaging technique, which is used in radiology to produce pictures of the anatomy and the physiological processes of the body. These pictures are further used to diagnose and detect the presence of abnormalities in the body. Japan Magnetic Resonance Imaging (MRI) Market is segmented by Architecture (Closed MRI Systems and Open MRI Systems), Field Strength (Low Field MRI Systems, High Field MRI Systems, Very High Field MRI Systems and Ultra-high MRI Systems), Application (Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal, and Other Applications). The report offers the value (in USD million) for the above segments.