As per World Health Organization, 48,639 new cancer cases were reported in Malaysia, out of which 17.3% accounts for breast cancer and 13.6% for colorectum cancer
Rising Technological Advancements is Booming the Malaysia MRI Market
According to International Trade Administration, as a part of the Malaysia Economy Digital Economy Blueprint, the Malaysian government launched the MyDIGITAL initiative. The government has plans to make Malaysia a high-income, digitally driven country and a regional leader in the digital economy by 2030, and this initiative is a part of those plans.
Rising Geriatric Population Directs Enormous Demand of MRI
According to the Department of Statistics Malaysia, the percentage of the population aged 65 and above is projected to increase from 7.3% in 2020 to 15.3% by 2040
Rising Accidents is Expected to Drive the Malaysia MRI Market
According to Ministry of Transport Malaysia, in 2019 there were 567,516 road accidents and 6,167 road facilities in 2019.
Recent Development
- In September 2022, the FDA has approved MRI software from GE Healthcare, which the company claims can produce better image quality while giving patients a quicker experience inside the scanner. With the agency's approval, the company can now use 3D imaging sequences instead of 2D ones in its AIR Recon DL programs, which in some situations will eliminate the need for multiple 2D scans to make a diagnosis. The software uses deep learning and spans all body parts and nearly all clinical MRI procedures.
Mergers & Acquisitions
- In December 2022, Siemens Healthineers AG and General Electric healthcare division considered acquiring two divisions; patient monitoring and respiratory interventions, that Medtronic Plc is spinned off.
- In November 2021, General Electric healthcare announced its partnership with Optellum and Cambridge to inculcate medical scanning devices with broad range of artificial intelligence.
Market Segmentation
Malaysia MRI market is segmented into field strength, type, architecture, application, end user, source, product, company, and regional distribution. Based on field strength, malaysia MRI market is divided high-field MRI systems (1.5t MRI systems, 3t MRI systems), low-to-mid-field MRI systems (<1.5t), and others. Based on type, Malaysia MRI market is categorized into stationary and mobile. Based on architecture, Malaysia MRI market is categorized into closed MRI systems and open MRI systems. Based on application, Malaysia MRI market is categorized into brain and neurological, oncology, spine and musculoskeletal, abdominal, cardiac, and others. Based on end user, Malaysia MRI market is categorized into hospitals, imaging centers, ambulatory surgical centers, and others. Based on source, Malaysia MRI market is categorized into import and domestic. Based on product, Malaysia MRI market is categorized into refurbished and new. Based on region, the Malaysia MRI market is segmented into the East Malaysia and the West Malaysia.
Company Profiles
Siemens Healthcare, Fujifilm Holdings, Philips Healthcare, GE Healthcare, SIA ARBOR MEDICAL, Canon Medical Systems, SHIMADZU, Best Contact (M) Sdn Bhd., Esaote, and I-MEDIC IMAGING SDN. BHD are some of the key players of Malaysia MRI market.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, Volume in Tons, and CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, volume forecasting, company shares, competitive landscape, growth factors, and trends |
Segments covered | Field Strength Type Architecture Application End User Source Product |
Country scope | The East Malaysia and the West Malaysia. |
Key companies profiled | Siemens Healthcare, Fujifilm Holdings, Philips Healthcare, GE Healthcare, SIA ARBOR MEDICAL, Canon Medical Systems, SHIMADZU, Best Contact (M) Sdn Bhd., Esaote, I-MEDIC IMAGING SDN. BHD |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |