Silent Scan Technology Market to Hike at 5.4% CAGR During 2016-2026

Silent Scan Technology Market

The latest report published by Future Market Insights (FMI) on the global market for silent scan technology reveals that lack of awareness among people and high cost has been consistently derailing the rate of adoption of the technology. The report also projects that the market for silent scan technology will surge at an above-average CAGR of 5.4% between 2016 and 2026. The research data offered in the report has been compiled after conducting a thorough survey of around 300 healthcare establishments spanning across regions such as Latin America, North America, Eastern Europe, Western Europe, Japan, the Middle-East & Africa (MEA) and Asia Pacific excluding Japan (APEJ). In countries such as the U.S., Germany, the Netherlands, Belgium, Saudi Arabia, Australia, Canada, the U.A.E and the U.K., the number of respondents were significantly high as compared to other countries that were surveyed for the purpose of the research. In addition, it was understood that around 44% of the healthcare facilities that were surveyed presently own an MRI machine with silent-or-soft0scan technology while a majority of them were still uncertain about the use of the technology. Factors such as low knowledge regarding the technology, high-cost, inadequacy of the technology, limited number of distribution channel are currently constricting the scope of silent scan technology integrated MRI machines.

Globally, the silent scan technology is still at an early stage of recognition despite showcasing an efficient model for controlling decibel level. This is partly due to the costliness of the technology, making it unfordable for most healthcare facilities. On the other hand, private hospitals are more receptive towards the technology. Moreover, the technology is expected to evolve and become more effective over the next couple of years, signaling a much brighter prospect of the global market for silent scan technology going forward. Adoption is likely to gain momentum across the globe, as technology progresses further and prices become competitive.

The report also finds that the adoption of the technology varied widely on the basis of type of healthcare setting. Private hospitals are highly optimistic about the potentials of the technology. Silent scan technology has so far received a positive response from of its end-users, and there’s sense of greater realization of the capabilities and advantages of silent scan integrated MRIs. Preference for silent scan integrated MRIs is expected to increase in the forthcoming years. FMI’s report found that in 2016, silent scan installations surpassed 1,800 units, an increase of more than 70% from the previous year. In 2015, silent scanners represented 1% of total number of MRI machine installed, and due to a positive outlook among end-users, adoption of silent scan integrated MRIs is likely is soar during the forecast period.

Key Insights From the Report Include:  On the basis of end-user, hospitals are expected to remain at the forefront of global silent scan integrated MRIs throughout the assessment period. In terms of volume, hospitals accounted for around 50% share of the global market in 2016. Among regions, the markets for silent scan in APEJ and North America will continue to dominate and collectively account for more than 50% volume share of the market. In North America, the U.S. accounts for the largest share of market meanwhile China will remain the most lucrative market for silent scan technology in APEJ region.

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