North America Open System MRI Market Size (2024 - 2029)

North America Open System MRI Market Analysis

The North America Open System MRI Market size is estimated at USD 596.56 million in 2024, and is expected to reach USD 872.89 million by 2029, growing at a CAGR of 7.91% during the forecast period (2024-2029).

• COVID-19 had a significant impact on the North American open system MRI market. In the initial pandemic waves, strict lockdown measures suspended non-urgent scheduled visits and hospitalizations. It declined demand for MRI imaging, affecting the studied market. For instance, in March 2020, the American College of Radiology (ACR) updated its guidelines for MRI use by recommending that practitioners minimize the use of MRI except when necessary and postpone all non-urgent or non-emergent exams. Thus, COVID-19 initially slowed down the growth of the Open MRI market, but the market is currently in a recovery phase. It is expected to regain its market growth momentum during the forecast period.
• Open MRI systems are helpful for claustrophobic patients. Claustrophobia and other anxiety manifestations are commonly encountered during MRI, and patient motion, lack of cooperation, or other patient factors could compromise MRI workflow. Hence, the open system is preferred and quickly replaces the closed one. Furthermore, a rise in the aging population and an increase in chronic disease incidence in North America are expected to drive the market's growth.
• For instance, as per the data published by the American Cancer Society in 2023, more than 1.9 million new cancer cases are likely to be diagnosed in the United States in 2023. Of these, 238,340 lung and bronchus cancer cases, 300,590 breast cancer cases, and 288,300 prostate cancer cases were expected to be reported in 2023. This is anticipated to increase the demand for MRI scans for proper diagnosis and treatments. Furthermore, new product launches and approvals are also likely to propel the market growth over the forecast period. However, the high cost of open MRI systems is anticipated to restrain the market growth.

North America Open System MRI Industry Segmentation

Magnetic resonance imaging (MRI) uses a strong magnetic field and radio waves to create detailed images of the organs and tissues within the body. Open MRI systems have a magnetic field at the top and bottom and do not enclose the patient in a tunnel. This prevents patients from becoming claustrophobic.

The North American open system MRI market is segmented by resolution, application, and geography. By resolution, the market is segmented into low-field scanner, mid-field scanner, and high-field scanner. By application, the market is segmented into neurology, gastroenterology, cardiology, oncology, and other applications. The report also offers the market size and forecasts for three countries across the region. For each segment, the market sizing and forecasts have been done on the basis of value (USD).