Product Code: 16205
The Global Open System MRI Market was valued at USD 1.35 billion in 2024 and is projected to grow at a CAGR of 6.50% through 2030. Open MRI systems offer a more patient-friendly alternative to conventional closed MRI machines by accommodating individuals with claustrophobia, mobility challenges, or larger body sizes. These systems enhance comfort and accessibility while enabling imaging in diverse positions, making them suitable for a range of clinical applications including neurology, musculoskeletal, and abdominal diagnostics. The growing global burden of neurological disorders, coupled with an aging population and increasing incidence of chronic diseases, is driving demand for non-invasive and repeatable diagnostic tools like MRI. Although open MRI systems typically offer lower magnetic field strengths than closed systems, ongoing advancements in imaging technology are narrowing this performance gap. Their adaptability and focus on patient experience position open MRI units as an increasingly vital component in modern diagnostic healthcare.
Market Overview |
Forecast Period | 2026-2030 |
Market Size 2024 | USD 1.35 Billion |
Market Size 2030 | USD 1.94 Billion |
CAGR 2025-2030 | 6.50% |
Fastest Growing Segment | Neurology |
Largest Market | North America |
Key Market Drivers
Advancements in MRI Technology
Technological innovations continue to enhance the performance and versatility of open MRI systems. Higher magnetic field strengths such as 3T and 7T are improving image resolution and diagnostic accuracy. Faster imaging techniques, including compressed sensing and parallel imaging, reduce scan time-benefiting children, elderly, and claustrophobic patients. Developments like functional MRI (fMRI), Diffusion-Weighted Imaging (DWI), and Magnetic Resonance Angiography (MRA) have expanded the scope of clinical applications, while MR spectroscopy allows metabolic analysis of tissues. The increasing geriatric population, especially those managing chronic illnesses like cancer, drives demand for frequent imaging. Additionally, advancements in radiofrequency coils, digital interfaces, and real-time imaging contribute to improved workflow, patient comfort, and clinical outcomes.
Key Market Challenges
Market Saturation
Market saturation in developed regions presents a barrier to further growth. Many hospitals and imaging centers in North America and Europe already have established MRI infrastructure, leading to limited opportunities for new installations. Growth in these regions is primarily driven by system upgrades or replacements rather than new acquisitions. This saturation results in heightened competition among manufacturers, which pressures pricing and profit margins. Furthermore, in capital-constrained environments, healthcare providers may hesitate to invest in new systems unless substantial improvements in imaging capability or patient outcomes can be demonstrated. However, untapped markets in emerging economies offer growth potential where diagnostic imaging capacity remains underdeveloped.
Key Market Trends
Wide-Bore Open MRI
The adoption of wide-bore open MRI systems is accelerating, driven by their patient-centric design. These systems offer a more spacious bore, alleviating anxiety and discomfort, especially for claustrophobic, pediatric, and bariatric patients. Their ergonomic design facilitates better access and positioning, enabling functional and musculoskeletal imaging in varied postures. Caregiver presence during pediatric scans is an added advantage. Wide-bore systems are now equipped with high-performance imaging capabilities, closing the gap with traditional MRI in terms of diagnostic accuracy. Their broad clinical utility spans neuroimaging, cardiovascular studies, oncology, and orthopedic assessments, making them increasingly popular in both outpatient and hospital settings.
Key Market Players
- GE Healthcare
- Hitachi Medical Corporation
- Philips Healthcare
- Siemens Healthcare
- ESAOTE SA
- Canon Medical Systems Corporation
- Hologic Inc.
- Nordion Inc.
- Onex Corporation (Carestream Health)
- Shimadzu Corporation
- Toshiba Corporation
- Barco N.V.
Report Scope:
In this report, the Global Open System MRI Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Open System MRI Market, By Resolution:
- Low-field scanner
- Mid-field scanner
- High-field scanner
Open System MRI Market, By Application:
- Neurology
- Gastroenterology
- Oncology
- Cardiology
- Other applications
Open System MRI Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- India
- South Korea
- Australia
- Japan
- Europe
- Germany
- France
- United Kingdom
- Spain
- Italy
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Open System MRI Market.
Available Customizations:
Global Open System MRI Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Impact of COVID-19 on Global Open System MRI Market
5. Voice of Customer
6. Global open system MRI Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Resolution (Low-field scanner, Mid-field scanner and High-field scanner)
- 6.2.2. By Application (Neurology, Gastroenterology, Oncology, Cardiology and Other)
- 6.2.3. By Region
- 6.2.4. By Company (2024)
- 6.3. Market Map
7. Asia Pacific open system MRI Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Resolution
- 7.2.2. By Application
- 7.2.3. By Country
- 7.3. Asia Pacific: Country Analysis
- 7.3.1. China open system MRI Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Resolution
- 7.3.1.2.2. By Application
- 7.3.2. India open system MRI Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Resolution
- 7.3.2.2.2. By Application
- 7.3.3. Australia open system MRI Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Resolution
- 7.3.3.2.2. By Application
- 7.3.4. Japan open system MRI Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Resolution
- 7.3.4.2.2. By Application
- 7.3.5. South Korea open system MRI Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Resolution
- 7.3.5.2.2. By Application
8. Europe open system MRI Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Resolution
- 8.2.2. By Application
- 8.2.3. By Country
- 8.3. Europe: Country Analysis
- 8.3.1. France open system MRI Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Resolution
- 8.3.1.2.2. By Application
- 8.3.2. Germany open system MRI Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Resolution
- 8.3.2.2.2. By Application
- 8.3.3. Spain open system MRI Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Resolution
- 8.3.3.2.2. By Application
- 8.3.4. Italy open system MRI Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Resolution
- 8.3.4.2.2. By Application
- 8.3.5. United Kingdom open system MRI Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Resolution
- 8.3.5.2.2. By Application
9. North America open system MRI Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Resolution
- 9.2.2. By Application
- 9.2.3. By Country
- 9.3. North America: Country Analysis
- 9.3.1. United States open system MRI Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Resolution
- 9.3.1.2.2. By Application
- 9.3.2. Mexico open system MRI Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Resolution
- 9.3.2.2.2. By Application
- 9.3.3. Canada open system MRI Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Resolution
- 9.3.3.2.2. By Application
10. South America open system MRI Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Resolution
- 10.2.2. By Application
- 10.2.3. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil open system MRI Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Resolution
- 10.3.1.2.2. By Application
- 10.3.2. Argentina open system MRI Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Resolution
- 10.3.2.2.2. By Application
- 10.3.3. Colombia open system MRI Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Resolution
- 10.3.3.2.2. By Application
11. Middle East and Africa open system MRI Market Outlook
- 11.1. Market Size & Forecast
- 11.2. Market Share & Forecast
- 11.2.1. By Resolution
- 11.2.2. By Application
- 11.2.3. By Country
- 11.3. MEA: Country Analysis
- 11.3.1. South Africa open system MRI Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Resolution
- 11.3.1.2.2. By Application
- 11.3.2. Saudi Arabia open system MRI Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Resolution
- 11.3.2.2.2. By Application
- 11.3.3. UAE open system MRI Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Resolution
- 11.3.3.2.2. By Application
12. Market Dynamics
- 12.1. Drivers
- 12.2. Challenges
13. Market Trends & Developments
- 13.1. Recent Developments
- 13.2. Product Launches
- 13.3. Mergers & Acquisitions
14. Global open system MRI Market: SWOT Analysis
15. Porter's Five Forces Analysis
- 15.1. Competition in the Industry
- 15.2. Potential of New Entrants
- 15.3. Power of Suppliers
- 15.4. Power of Customers
- 15.5. Threat of Substitute Product
16. PESTLE Analysis
17. Competitive Landscape
- 17.1. GE Healthcare
- 17.1.1. Business Overview
- 17.1.2. Company Snapshot
- 17.1.3. Products & Services
- 17.1.4. Financials (In case of listed companies)
- 17.1.5. Recent Developments
- 17.1.6. SWOT Analysis
- 17.2. Hitachi Medical Corporation
- 17.3. Philips Healthcare
- 17.4. Siemens Healthcare
- 17.5. ESAOTE SA
- 17.6. Canon Medical Systems Corporation
- 17.7. Hologic Inc.
- 17.8. Nordion Inc.
- 17.9. Onex Corporation (Carestream Health)
- 17.10. Shimadzu Corporation
- 17.11. Toshiba Corporation
- 17.12. Barco N.V.
18. Strategic Recommendations
19. About Us & Disclaimer