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MRI System Market by Architecture Type (Open MRI and Close MRI), by Field Strength (High field system, Medium field system and Low Field System), - Global Opportunity Analysis and Industry Forecast, 2014-2022

LI 161048
Pages: 100
Dec 2016 | 1633 Views
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Author's : Sriram Radhakrishnan
Tables: 29
Charts: 8
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MRI Market Overview: 

The global MRI market generated $4,981 million in 2015 and is expected to grow at a CAGR of 3.81% during the analysis period to reach $6,493 million by 2022. MRI is a noninvasive diagnostic methodology that generates computerized images of internal body tissues and organs using radio waves magnetic resonate atoms. MRI provides three dimensional views of organ and joints without invasive surgery in a detailed manner. MRI detects heart and surrounding arteries views and associated troubles. MRI study includes brain MRI, spines MRI, individual organ MRI, and extremities.

Market Segmentation

Segment Review

The global MRI System market is segmented based on architecture, magnetic field strength, application, end users, and geography. Based on architecture, the market is segmented into Open MRI and Close MRI. According to field strength, the market is classified into low, mid, high, very high, and ultra-high field system. Based on application, the market is classified into ultra-Brain MRI, Spine MRI, Organ MRI, and Extremities. Based on end users, the market is segmented into clinics, hospitals, and diagnostic centers. The close MRI by type segment dominated the global market by product type in 2015, and is expected to maintain its dominance by 2022, registering the fastest CAGR of 3.16% during the forecast period.

                                                                                                                              Top Investment Pockets

At present, by field type medium and high field segments have witnessed large-scale adoption of MRI system as compared to low-field MRI. The former segments provide better image quality, which lead to better diagnosis of the diseases.

Increase in adoption of MRI systems in hospitals, clinics, and diagnostic centers is expected to rise with highest market share and is identified as one of the lucrative targets for investment. However, based on architecture, the market is segmented into open MRI and closed MRI. The l recent years it witnessed large scale adoption in the MRI system market. Developments such as movement reduction application, high image quality, and less expensive scans, are expected to witness good growth in the coming years. However, this advancement currently possesses small market size in terms of value.

North America holds the largest market share of MRI systems due to the adoption of advancement in technology making MRI systems market more abundant in clinical applications. The global MRI system market in North America accounted for USD 1,756 million in 2014 and is anticipated to garner USD 2,245 million in 2022 expanding at a CAGR of 3.04 % between 2016 and 2022.

In future technological advancement will likely to offer additional features for early detection of molecular and cellular changes in Alzheimer disease and for other diseases. Fonar Corporation, a U.S. based company, has developed a new Radio Frequency receiver and scanning protocol that allows scoliosis patients to get diagnostic pictures of their spines without the risk of x-rays.

Key players operating in MRI systems market are GE Healthcare, Siemens Healthcare, Philips Healthcare, Hitachi Medical Corporation, Toshiba Medical Systems Corporation, Shimadzu Corp, Carestream Health, Hologic, Barco and Nordion Inc.

GE Healthcare, Siemens Healthcare, Philips Healthcare, Hitachi Medical Corporation, and Toshiba Medical Systems Corporation play key role in the market of MRI technology.

KEY BENEFITS

  • This report entails the detailed quantitative analysis of the current market and estimations through 2014-2022, which assists in identifying the prevailing market opportunities.
  • The report offers a detailed analysis of the key driving and restraining factors of the MRI system market.
  • An extensive analysis of current research and clinical developments within the market is provided with key market dynamic factors that help understand the behavior of the market.
  • Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • Competitive intelligence helps understand the competitive scenario across the geographies.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand competitive outlook of the market.

MRI SYSTEM MARKET KEY SEGMENTS:

BY ARCHITECTURE TYPE

  • Open MRI
  • Close MRI

BY FIELD STRENGTH

  • High field
  • Mid field
  • Low field

BY GEOGRAPHY

  • North America
  • Europe
  • Asia-Pacific
  • Latin America, Middle East and Africa (LAMEA)
 

Chapter: 1 INTRODUCTION

1.1 Report Description
1.2 Key Benefits
1.3 Key Market Segments
1.4 Research Methodology

1.4.1 Secondary Research
1.4.2 Primary Research
1.4.3 Analyst Tools and Models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO Perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key Findings

3.2.1 Top Factors Impacting the Market
3.2.2 Top Investment Pockets
3.2.3 Top Winning Strategies

3.3 Porters Five Force Analysis
3.4 Market Dynamics

3.4.1 Drivers
3.4.2 Restraints
3.4.3 Opportunities

Chapter: 4 WORLD MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET BY TYPE, 2014-2022

4.1 Open MRI

4.1.1 Key Market Trends
4.1.2 Key Growth Factors and Opportunities
4.1.3 Market Size and Forecast

4.2 Close MRI

4.2.1 Key Market Trends
4.2.2 Key Growth Factors and Opportunities
4.2.3 Market Size and Forecast

Chapter: 5 WORLD MAGNETIC RESONANCE IMAGING (MRI) BY FIELD STRENGTH, 2014-2022

5.1 High Field system

5.1.1 Key Market Trends
5.1.2 Key Growth Factors and Opportunities
5.1.3 Market Size and Forecast

5.2 Medium Field system

5.2.1 Key Market Trends
5.2.2 Key Growth Factors and Opportunities
5.2.3 Market Size and Forecast

5.3 Low Field system

5.3.1 Key Market Trends
5.3.2 Key Growth Factors and Opportunities
5.3.3 Market Size and Forecast

Chapter: 6 WORLD MAGNETIC RESONANCE IMAGING (MRI) SYSTEMS MARKET BY GEOGRAPHY, 2014-2022

6.1 North America

6.1.1 Key Market Trends
6.1.2 Key Growth Factors and Opportunities
6.1.3 Market Size and Forecast

6.2 Europe

6.2.1 Key Market Trends
6.2.2 Key Growth Factors and Opportunities
6.2.3 Market Size and Forecast

6.3 Asia-Pacific

6.3.1 Key Market Trends
6.3.2 Key Growth Factors and Opportunities
6.3.3 Market Size and Forecast

6.4 Latin America, Middle East and Africa (LAMEA)

6.4.1 Key Market Trends
6.4.2 Key Growth Factors and Opportunities
6.4.3 Market Size and Forecast

Chapter: 7 COMPANY PROFILES

7.1 GE Healthcare

7.1.1 Company Overview
7.1.2 Key Strategies and Developments
7.1.3 SWOT Analysis

7.2 Siemens Healthcare

7.2.1 Company Overview
7.2.2 Key Strategies and Developments
7.2.3 SWOT Analysis

7.3 Philips Healthcare

7.3.1 Company Overview
7.3.2 Business Performance
7.3.3 Key Strategies and Developments
7.3.4 SWOT Analysis

7.4 Hitachi Medical Corp

7.4.1 Company Overview
7.4.2 Key Strategies and Developments
7.4.3 SWOT Analysis

7.5 Toshiba Medical Systems Corp

7.5.1 Company Overview
7.5.2 Key Strategies and Developments
7.5.3 SWOT Analysis

7.6 Shimadzu Corp

7.6.1 Company Overview
7.6.2 Key Strategies and Developments
7.6.3 SWOT Analysis

7.7 Carestream Health

7.7.1 Company Overview
7.7.2 Key Strategies and Developments
7.7.3 SWOT Analysis

7.8 Hologic

7.8.1 Company Overview
7.8.2 Key Strategies and Developments
7.8.3 SWOT Analysis

7.9 Barco

7.9.1 Company Overview
7.9.2 Key Strategies and Developments
7.9.3 SWOT Analysis

7.10 Nordion

7.10.1 Company Overview
7.10.2 Key Strategies and Developments
7.10.3 SWOT Analysis

List of Figures

FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP INVESTMENT POCKETS
FIG. 3 PORTERS FIVE FORCES ANALYSIS OF WORLD MRI SYSTEM MARKET
FIG. 4 INCREASING PREVALENCE OF DISEASES ACROSS DEVELOPED AND DEVELOPING ECONOMIES
FIG. 5 GROWTH OF CT SCAN IN OECD 32 OVER MRI SYSTEMS
FIG. 6 WORLD MRI SYSTEM MARKET BY TYPE, 2015(PIE CHART OF GLOBAL NUMBERS BY TYPE)
FIG. 7 WORLD MRI SYSTEM MARKET BY FIELD TYPE, 2015(PIE CHART OF GLOBAL NUMBERS BY TYPE)
FIG. 8 WORLD MRI SYSTEM MARKET BY GEOGRAPHY, 2015(PIE CHART OF GLOBAL NUMBERS BY GEOGRAPHY)

List of Tables

TABLE 1 WORLD OPEN MRI SYSTEM MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 2 NORTH AMERICA OPEN MRI SYSTEM MARKET, ($MILLION), GROWTH (%)
TABLE 3 EUROPE OPEN MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 4 ASIA PACIFIC OPEN MRI SYSTE MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 5 LAMEA OPEN MRI SYSTE MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 6 WORLD CLOSED MRI SYSTEM MARKET, ($MILLION),
TABLE 7 NORTH AMERICA CLOSED MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 8 EUROPE CLOSED MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 9 ASIA PACIFIC CLOSED MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 10 LAMEA CLOSED MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 11 WORLD HIGH FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 12 NORTH AMERICA HIGH FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%)
TABLE 13 EUROPE HIGH FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 14 ASIA PACIFIC OPEN MRI SYSTE MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 15 LAMEA HIGH FIELD MRI SYSTE MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 16 WORLD MEDIUM FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 17 NORTH AMERICA MEDIUM FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 18 EUROPE MEDIUM FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 19 ASIA PACIFIC CLOSED MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 20 LAMEA MEDIUM FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 21 WORLD LOW FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 22 NORTH AMERICA LOW FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 23 EUROPE MEDIUM FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 24 ASIA PACIFIC LOW FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 25 LAMEA LOW FIELD MRI SYSTEM MARKET, ($MILLION), GROWTH (%) 2014-2022
TABLE 26 NORTH AMERICA WORLD MRI SYSTEM MARKET MARKET, ($MILLION), GROWTH (%)2015-2022
TABLE 27 EUROPE WORLD MRI SYSTEM MARKET MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 28 APAC WORLD MRI SYSTEM MARKET, ($MILLION), GROWTH (%)2014-2022
TABLE 29 LAMEA WORLD MRI SYSTEM MARKET , ($MILLION), GROWTH (%)2014-2022

 

MRI is a noninvasive diagnostic technique that creates computerized images of internal body tissues and is established on nuclear magnetic resonance of atoms within the body generated by the practice of radio waves. MRI gives different information about structures of internal body parts such as minor damages to ligaments, tendons, and muscles that cannot be seen with the X-ray, ultrasound, or computed tomography (CT) scan. The MRI system market is anticipated to grow at a CAGR of 4.96% from 2016 to 2022.

The growth of MRI market is due to increase in aging population in the western countries. Rise in number of diseases such as brain tumors, breast cancers, prostate cancers, scoliosis, and sclerosis enhance the demand for MRI, and thus majorly drive the MRI market. However, development in technology such as superconducting (SC) magnets, open architecture, high-field MRI, and software applications also fuel market growth. However, decline in restitution rates for MRI procedures and scarcity of helium gas deposits obstruct the growth of this market.

North America holds the largest market share of MRI systems due to the adoption of advancement in technology making MRI systems market more abundant in clinical applications. Therefore, the growth in demand for these devices in large and mid-sized diagnostic canter and hospitals has supplemented the growth of MRI systems in this region. Moreover; the market has witnessed significant growth in the recent years. Presently, North America is the fastest growing largest regional market for MRI system market and it is anticipated to increase in its market share by 2022.  Europe is leading the growth in regional market for MRI system and Europe has acquired the third largest position among other regions is anticipated to increase in its market share by 2022. Europe market trend shows the growth in market of MRI systems due to the adoption of advancement in technology by making MRI systems market more common in clinical applications. Therefore, the growth in demand for these devices in large and mid-sized diagnostic center and hospitals supplement the growth of MRI systems in this region. Fonar Corporation, a U.S. based company, has developed a  new technology for scoliosis patients in which new Radio Frequency (RF) receiver and scanning protocol that allows scoliosis patients to get diagnostic pictures of their spines without the risks of x-rays.

GE Healthcare, Siemens Healthcare, Philips Healthcare, Hitachi Medical Corporation and Toshiba Medical Systems Corporation are the key playing players in the market of MRI technology.

 

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