Increasing awareness about the benefits of early diagnosis and growing prevalence of neurological disorders are expected to drive the demand for the Japan Magnetic Resonance Imaging Market in the forecast period, FY2023-FY2027.
According to TechSci Research report, “Japan Magnetic Resonance Imaging Market By Field Strength (High-Field Magnetic Resonance Imaging Systems (1.5t Magnetic Resonance Imaging Systems, 3t Magnetic Resonance Imaging Systems), Low-To-Mid-Field Magnetic Resonance Imaging Systems (<1.5t), Very-High-Field Magnetic Resonance Imaging Systems (4t and Above)), By Type (Fixed, Mobile), By Architecture (Closed Magnetic Resonance Imaging Systems and Open Magnetic Resonance Imaging Systems), By Application (Brain and Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac, Others), By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others), By Region, Competition Forecast & Opportunities, FY2027”, the Japan Magnetic Resonance Imaging market is anticipated to witness robust growth in the forecast period, FY2023-FY2027. Magnetic Resonance Imaging (MRI) uses a strong magnetic field and radiofrequency to produce clear and detailed images of the internal tissues and organs. Market players are making efforts to replace the low-field MRI systems with high-field MRI systems to increase the accuracy and produce clearer images of the organs.
However, the high initial costs required for buying expensive diagnosis instruments may restrain the Japan Magnetic Resonance Imaging market growth in the forecast period.
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The Japan Magnetic Resonance Imaging market is segmented into field strength, type, architecture, application, end user, regional distribution, and competition landscape.
On the basis of field strength, the Japan Magnetic Resonance Imaging market is divided into high-field Magnetic Resonance Imaging systems (1.5t Magnetic Resonance Imaging systems, 3t Magnetic Resonance Imaging systems), low-to-mid-field Magnetic Resonance Imaging systems (<1.5t), very-high-field Magnetic Resonance Imaging systems (4t and above). The very-high-field Magnetic Resonance Imaging systems (4t and above) segment is expected to witness the fastest incremental growth in the forecast period, FY2023-FY2027. These are highly sensitive and can produce high-resolution images with shorter scan times.
On the basis of type, the Japan Magnetic Resonance Imaging market is bifurcated into fixed and mobile. The mobile segment is expected to witness high demand in the forecast period as they are flexible and can be taken to the patients for MRI scans which increases the convenience and comfort of the patients.
On the basis of architecture, the Japan Magnetic Resonance Imaging market is divided into closed Magnetic Resonance Imaging systems and open Magnetic Resonance Imaging systems. Closed Magnetic Resonance Imaging systems are more effective and can help diagnose the problems and offer quick scanning than its counterpart. They have a stronger magnetic field which enables them to take accurate, detailed, and high-quality images.
On the basis of application, the Japan Magnetic Resonance Imaging market is divided into brain and neurological, oncology, spine and musculoskeletal, abdominal, cardiac, others. The oncology segment is expected to hold the largest market share in the next five years. Cancer is considered one of the leading causes of death, and the mortality rate is increasing due to the occurrence of cancer in Japan. Magnetic Resonance Imaging helps healthcare professionals to find the presence of cancer and identify the signs responsible for the spread of cancer in the body. Magnetic Resonance Imaging aids in planning the possible course of treatment of cancer, such as the need for surgery or treatment or radiation therapy which is the major reason the healthcare professionals perform it.
On the basis of end user, the Japan Magnetic Resonance Imaging market is divided into hospitals, imaging centers, ambulatory surgical centers, and others. The hospital segment is expected to dominate the end user segment of the Japan Magnetic Resonance Imaging market in the forecast period. The rise in the number of hospital facilities and the presence of specialized departments for testing, consultation, and skilled healthcare professionals are the key attracting factors for the patients to visit hospitals. Furthermore, favorable government policies promoting the construction of hospital facilities and providing reimbursements for treatment are influencing the market demand.
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“The advent of innovative technologies to advance the healthcare system and the ongoing research and development activities owing to the increased focus of the leading authorities to improve the diagnosis process are expected to accelerate the growth of the Japan Magnetic Resonance Imaging market in the next five years. Development of the MR machines that can interpret the patients’ dreams by identifying specific items such as men and books are expected to create lucrative opportunities for market growth. Modernization and maintenance of the MRI systems aimed at improving the quality and efficiency of care and making it more economical for patients is expected to propel the Japan Magnetic Resonance Imaging market growth till FY2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Japan Magnetic Resonance Imaging Market By Field Strength (High-Field Magnetic Resonance Imaging Systems (1.5t Magnetic Resonance Imaging Systems, 3t Magnetic Resonance Imaging Systems), Low-To-Mid-Field Magnetic Resonance Imaging Systems (<1.5t), Very-High-Field Magnetic Resonance Imaging Systems (4t and Above)), By Type (Fixed, Mobile), By Architecture (Closed Magnetic Resonance Imaging Systems and Open Magnetic Resonance Imaging Systems), By Application (Brain and Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac, Others), By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others), By Region, Competition Forecast & Opportunities, FY2027”, has evaluated the future growth potential of Japan Magnetic Resonance Imaging and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Japan Magnetic Resonance Imaging market.
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