Italy MRI Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Closed, Open), And By Application (Screening, Diagnosis, Treatment Monitoring, Research) - Forecasts From 2024 To 2029

Italy MRI Market was evaluated at US$651.01 million for the year 2022, growing at a CAGR of 0.61%, reaching the market size of US$679.219 million by the year 2029.

Magnetic Resonance Imaging (MRI) is a non-invasive imaging technique used for disease detection, diagnosis, and treatment monitoring. It produces detailed 3D images of living tissues, including the brain, spinal cord, nerves, muscles, ligaments, and tendons. MRI scanners are particularly effective for non-bony parts or soft tissues, unlike computed tomography (CT), which uses harmful ionizing radiation. MRI is often used to image knee and shoulder injuries, as it provides a clearer view of the brain, spinal cord, nerves, muscles, ligaments, and tendons compared to regular X-rays and CT. Italy's reputation for quality healthcare services and medical expertise could attract international patients seeking advanced diagnostic procedures, contributing to the growth of the MRI market. The aging population and favourable insurance coverage could further boost this demand. Italy’s MRI market is driven by the rise in ischemic heart diseases and Alzheimer’s disease since MRI devices are essential in the detection and diagnosis of such diseases. The Italy MRI market is also driven by the recent developments in imaging technology. Technological developments such as the introduction of CAAS vFFR, advancements in open MRI devices, etc., play a vital role in driving the market.

MARKET DRIVERS:

• Developments in imaging technology

Advancements in the technology of MRI devices are an essential driver of the market. Companies such as ESAOTE SpA play a vital role in developing better technology to ensure more efficient imaging techniques. The introduction of techniques such as CAAS vFFR, which can be used to assess if a coronary artery is narrowing and if it requires emergency attention, has helped in driving the imaging market. The findings of the FAST I, FAST Extend, and FAST II trials have established vFFR as a reliable and easy-to-use tool to measure coronary physiology. The tests have recently reaffirmed the excellent diagnostic accuracy of CAAS vFFR, which calculates pressure drop and vFFR value without invasive wires.

Open MRI of the latest generation offers superior diagnostic quality, patient comfort, and minimal operating expenses. With the new "Magnifico Open," Esaote joins the field of entire-body magnetic resonance imaging. Magnifico Open is the result of Esaote's extensive MRI knowledge. Esaote presents Magnifico Open, an open MRI system with cutting-edge technology to meet not only clinical needs but also operational and budgetary demands. The user can choose from a wide range of receiving coils and enjoy cutting-edge MRI technology, while the permanent magnet allows for easy installation and minimal running expenses. The open magnet and easily accessible patient table allow for quick and comfortable patient placement, which is perfect for both claustrophobic patients and youngsters. The advancements in such technologies are crucial for market development and are expected to drive the MRI market upward.

• Italy’s economic situation impacts on healthcare costs.

Economic health significantly influences healthcare spending, with stable economies leading to increased investments in the healthcare sector, such as MRI machines. Technological advancements provide financial resources for research and development, enabling the introduction of newer MRI technologies. Access to capital for healthcare providers improves funding for MRI equipment purchases and maintenance. Insurance coverage and reimbursement policies also impact the affordability of healthcare services. Economic growth facilitates infrastructure development, leading to increased demand for MRI services. Medical tourism attracts patients from other countries seeking advanced medical services. Government initiatives and research support also positively impact the MRI market. In conclusion, economic conditions, healthcare policies, technological innovations, and demographic trends all contribute to the growth of the MRI market in Italy. Italy has a very stable and developed economy. It provides universal healthcare free of cost to all citizens. Most general care, inpatient treatment, and health screenings are provided free to residents. Maternity care, specialist care, home care, hospice care, preventative medicine, and medications are other statutory advantages. This trend may prove to be a minor challenge for the MRI market; nonetheless, the imaging market is set to rise.

Key Developments:

• October 2023- Esaote, an Italian company specializing in ultrasound, MRI, and healthcare IT, has introduced the S-scan Open, a new configuration of its best-selling MRI system. The update is a result of continuous research and development, aiming to provide advanced performance and enhance the operator experience and patient comfort during diagnostic examinations, based on global market needs and user feedback. 
• February 2023- Esaote, an Italian biomedical company, showcased its latest ultrasound, MRI, and medical IT technologies at ECR 2023, the European Congress of Radiology. The company, which specializes in ultrasound, specialized magnetic resonance imaging, and healthcare information technology, will be showcasing the latest advancements in these areas. Artificial Intelligence will be a key highlight at ECR 2023, which is one of the largest medical meetings in Europe and the second-largest radiological meeting globally. Attendees include professionals, radiographers, physicists, industry representatives, and press reporters. 

Italy MRI Market Scope:

Segmentation

• By Type
  • Closed
  • Open
• By Application
  • Screening
  • Diagnosis
  • Treatment Monitoring
  • Research