In radiology, the images of physiological processes in bodyAre magnetic resonance imaging (MRI). There are two types of MRI systems, which include closed MRI systems and open MRI systems. Closed MRI system is a tube-like tunnel withhighfield strength that is used in greater resolution and thinner slices. The study of smaller parts ofhumanelyBody and fast scanning of patients can be achieved by using closed MRI systems. Closed MRI systems usemagnetic and other diseases such as multiple sclerosis (MS), cartilage degeneration in the knee, breast cancer, dementia, prostate cancer, spinal tuberculosis, and others.
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MRI scanning are major factors driving growthof closed MRI systems market. Thus, advancements in MRI techniques, which includes superconducting (SC) magnets, open architecture, high-field MRI, and software applications are expected to provide opportunities to the market, as well as fuelinggrowth of closed MRI systems market.
HOWEVER, high cost of magnetic resonance imaging systems, declining reimbursement rates for MRI procedures, complexity MRI Magnets in hospitals is expected to be the growth of closed MRI systems market.
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Key Developments in Closed MRI Systems Market
Key players are adopting various strategies such as mergers, acquisitions, new product launches, expansions, collaborations, partnerships, approvals, and joint ventures to maintain its position in the closed MRI systems market. On April 2, 2018, a healthcare technology unit of GE Healthcare was acquired by Veritas Capital. In 2017, Seimens merged its $ 15 million healthcare business with its competitor, as an alternative to a flotation. A major diagnostic breakthrough in multiple sclerosis was achieved by Fonar Corporation with the launch of Advanced UPRIGHT® MRI.
Some of the key players in the closed MRI systems market include GE Healthcare, Philips Healthcare, Siemens Healthcare, Toshiba Medical Systems, Imris Inc., Fonar Corporation, Esaote SPA, Hitachi Medical Corporation, Neusoft Medical Systems, and Aurora Medical Imaging.
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