Magnetic Resonance Imaging (MRI) Market Analysis By Architecture (Open And Closed), By Field Strength (Low, Medium, High), By Application (Brain & Neurological, Spine & Musculoskeletal, Vascular, Abdominal & Pelvic, Cardiac, Breast), And Segment Forecasts, 2014 - 2025

Published: Jan, 2017 | Pages: 90 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global magnetic resonance imaging (MRI) market is expected to reach an approximate value of USD 5.6 billion by 2025. Constant introduction of advanced disease diagnostic technologies is primarily boosting the growth. In addition, the rapid growth of MRI sector is attributed to the growing prevalence of chronic diseases which require early diagnosis and timely treatment to prevent late stage complications. Also, rising number of road accidents leading to injuries and complications are augmenting the demand for this modality. The musculoskeletal and spine injuries also demand for magnetic resonance imaging systems for better scans using high-resolution scanning technique.

On the other hand, high cost of these products, and requirement of qualified professional to operate the device are some of the major factors challenging the growth of the market. Moreover, prolonged life span of these devices is resulting in delayed repeat purchase and thereby hindering the market growth.

Furthermore, players are adopting various strategies such as merges and acquisitions, and collaborations to remain competent in the space. For instance, Aurora Imaging Technology signed a distribution agreement with Sumec Group Corporation. Under the terms of agreement, Sumec Corporation is distributing Aurora Imaging Technology's MRI system in China. The agreement provided a platform for both the companies to expand their diagnostics and screening market for breast scans using Aurora MRI system in China.

Further Key Findings From the Study Suggest:

Adoption of advanced imaging technologies is augmenting the growth of MRI market

The closed system segment accounted for the largest share in 2015. Whereas open system is anticipated to be the fastest growing segment during the forecast period.

MRI for neural and brain disorders dominated the market since no alternate scanning tool is available

In 2015, North America dominated the global space with the largest revenue share owing to continuous research and high adoption of advanced techniques

Asia Pacific is anticipated to show the fastest growth rate during the forecast period from 2016 to 2025

Rapidly growing medical tourism industry coupled with growing disposable income of India, and China are some of the factors that are expected to drive the market growth

Major players competing in the industry include but are not limited to Siemens AG; Koninklijke Philips N.V.; GE Healthcare; Hitachi Medical Systems

 Table of Contents

Chapter 1 Research Methodology
                    1.1 Information procurement
                    1.2 Data Analysis
                    1.3 Approaches for market estimation
                         1.3.1 Approach 1: Demand Analysis& Bottom up Approach
                         1.3.2 Approach 2: Top down market estimation
                         1.3.3 Approach 3: Commodity flow and bottom up market estimation
                         1.3.4 Approach 4: KoL perspective based market sizing
Chapter 2 Executive Summary
                    2.1 Market Snapshot
Chapter 3 Magnetic Resonance Imaging Market Variables, Trends & Scope
                    3.1 Market segmentation & scope
                    3.2 Market Driver Analysis
                         3.2.1 Rising prevalence of chronic diseases
                         3.2.2 Technological advancement
                         3.2.3 Increasing awareness of early diagnosis
                    3.3 Market Restraints Analysis
                         3.3.1 High cost of MRI system
                         3.3.2 Depleting helium deposits
                         3.3.3 Declining reimbursement rates for MRI
                    3.4 Penetration & growth prospect mapping
                    3.5 Magnetic Resonance Imaging - SWOT Analysis, By Factor (political & legal, economic and technological)
                    3.6 Industry Analysis - Porter's
Chapter 4 Magnetic Resonance Imaging Market: Architecture Estimates & Trend Analysis
                    4.1 Magnetic resonance imaging market: Architecture movement analysis
                    4.2 Open Systems
                         4.2.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
                    4.3 Closed System
                         4.3.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
Chapter 5 Magnetic Resonance Imaging Market: Field Strength Estimates & Trend Analysis
                    5.2 Low Field Strength
                         5.2.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
                    5.3 Mid Field Strength
                         5.3.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
                    5.4 High Field Strength
                         5.4.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
Chapter 6 Magnetic Resonance Imaging Market: Application Estimates & Trend Analysis
                    6.2 Brain & Neurological
                         6.2.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
                    6.3 Spine & Musculoskeletal
                         6.3.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
                    6.4 Vascular
                         6.4.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
                    6.5 Abdominal
                         6.5.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
                    6.6 Cardiac
                         6.6.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
                    6.7 Breast
                         6.7.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
                    6.8 Others
                         6.8.1 Market Estimates and Forecast, 2014 - 2025 (USD Million)
Chapter 7 Magnetic Resonance Imaging: Regional Estimates & Trend Analysis, by Architeture, Field Strength and Application
                    7.1 North America
                         7.1.1 U.S.
                               7.1.1.1 Market estimates and forecast, by architecture, 2014 - 2025 (USD Million)
                               7.1.1.2 Market estimates and forecast, by field strength, 2014 - 2025 (USD Million)
                               7.1.1.3 Market estimates and forecast, by application, 2014 - 2025 (USD Million)
                         7.1.2 Canada
                               7.1.2.1 Market estimates and forecast, by architecture, 2014 - 2025 (USD Million)
                               7.1.2.2 Market estimates and forecast, by field strength, 2014 - 2025 (USD Million)
                               7.1.2.3 Market estimates and forecast, by application, 2014 - 2025 (USD Million)
                    7.2 Europe
                         7.2.1 U.K.
                               7.2.1.1 Market estimates and forecast, by architecture, 2014 - 2025 (USD Million)
                               7.2.1.2 Market estimates and forecast, by field strength, 2014 - 2025 (USD Million)
                               7.12.1.3 Market estimates and forecast, by application, 2014 - 2025 (USD Million)
                         7.2.2 Germany
                               7.2.2.1 Market estimates and forecast, by architecture, 2014 - 2025 (USD Million)
                               7.2.2.2 Market estimates and forecast, by field strength, 2014 - 2025 (USD Million)
                               7.2.2.3 Market estimates and forecast, by application, 2014 - 2025 (USD Million)
                    7.3 Asia Pacific
                         7.3.1 Japan
                               7.3.1.1 Market estimates and forecast, by architecture, 2014 - 2025 (USD Million)
                               7.3.1.2 Market estimates and forecast, by field strength, 2014 - 2025 (USD Million)
                               7.3.1.3 Market estimates and forecast, by application, 2014 - 2025 (USD Million)
                         7.3.2 China
                               7.3.2.1 Market estimates and forecast, by architecture, 2014 - 2025 (USD Million)
                               7.3.2.2 Market estimates and forecast, by field strength, 2014 - 2025 (USD Million)
                               7.3.2.3 Market estimates and forecast, by application, 2014 - 2025 (USD Million)
                    7.4 Latin America
                         7.4.1 Brazil
                               7.4.1.1 Market estimates and forecast, by architecture, 2014 - 2025 (USD Million)
                               7.4.1.2 Market estimates and forecast, by field strength, 2014 - 2025 (USD Million)
                               7.4.1.3 Market estimates and forecast, by application, 2014 - 2025 (USD Million)
                         7.4.2 Mexico
                               7.4.2.1 Market estimates and forecast, by architecture, 2014 - 2025 (USD Million)
                               7.4.2.2 Market estimates and forecast, by field strength, 2014 - 2025 (USD Million)
                               7.4.2.3 Market estimates and forecast, by application, 2014 - 2025 (USD Million)
                    7.5 Middle East and Africa (MEA)
                         7.5.1 South Africa
                               7.5.1.1 Market estimates and forecast, by architecture, 2014 - 2025 (USD Million)
                               7.5.1.2 Market estimates and forecast, by field strength, 2014 - 2025 (USD Million)
                               7.5.1.3 Market estimates and forecast, by application, 2014 - 2025 (USD Million)
Chapter 8 Competitive Landscape
                    8.1 GE Healthcare
                         8.1.1 Company Overview
                         8.1.2 Financial Performance
                         8.1.3 Product Benchmarking
                         8.1.4 Strategic Initiatives
                    8.2 Siemens AG
                         8.2.1 Company Overview
                         8.2.1 Financial Performance
                         8.2.2 Product Benchmarking
                         8.2.3 Strategic Initiatives
                    8.3 Koninklijke Philips N.V.
                         8.3.1 Company Overview
                         8.3.2 Financial Performance
                         8.3.3 Product Benchmarking
                         8.3.4 Strategic Initiatives
                    8.4 Hitachi Medical Systems America, Inc.
                         8.4.1 Company Overview
                         8.4.2 Financial Performance
                         8.4.3 Product Benchmarking
                         8.4.4 Strategic Initiatives
                    8.5 Toshiba Corporation
                         8.5.1 Company Overview
                         8.5.2 Financial Performance
                         8.5.3 Product Benchmarking
                         8.5.4 Strategic Initiatives
                    8.6 Aurora Imaging Technologies, Inc
                         8.6.1 Company Overview
                         8.6.2 Financial Performance
                         8.6.3 Product Benchmarking
                         8.6.4 Strategic Initiatives
                    8.7 Esaote SpA
                         8.7.1 Company Overview
                         8.7.2 Financial Performance
                         8.7.3 Product Benchmarking
                         8.7.4 Strategic Initiatives
                    8.8 Sanrad Medical Systems Pvt. Ltd.
                         8.8.1 Company Overview
                         8.8.2 Financial Performance
                         8.8.3 Product Benchmarking
                         8.8.4 Strategic Initiatives

List of Tables

TABLE 1 North America Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 2 North America Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 3 North America Magnetic Resonance Imaging Market, By Application, 2014 - 2025 (USD Million)
TABLE 4 U.S. Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 5 U.S. Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 6 U.S. Magnetic Resonance Imaging Market, By Application, 2014 - 2025 (USD Million)
TABLE 7 Canada Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 8 Canada Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 9 Canada Magnetic Resonance Imaging Market, By Application, 2014 - 2025 (USD Million)
TABLE 10 Europe Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 11 Europe Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 12 Europe Magnetic Resonance Imaging Market, By Application, 2014 - 2025 (USD Million)
TABLE 13 U.K. Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 14 U.K. Magnetic Resonance Imaging Market, By Field Strength, 2014 - 20255 (USD Million)
TABLE 15 U.K. Magnetic Resonance Imaging Market, By Application, 2014 - 2025 (USD Million)
TABLE 16 Germany Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 17 Germany Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 18 Germany Magnetic Resonance Imaging Market, By Application, 2014 - 2025 (USD Million)
TABLE 19 Asia Pacific Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 20 Asia Pacific Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 21 Asia Pacific Magnetic Resonance Imaging Market,, By Application, 2014 - 2025 (USD Million)
TABLE 22 Japan Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 23 Japan Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 24 Japan Magnetic Resonance Imaging Market,, By Application, 2014 - 2025 (USD Million)
TABLE 25 China Magnetic Resonance Imaging Market,, By Architecture, 2014 - 2025 (USD Million)
TABLE 26 China Magnetic Resonance Imaging Market,, By Field Strength, 2014 - 2025 (USD Million)
TABLE 27 China Magnetic Resonance Imaging Market, By Application, 2014 - 2025 (USD Million)
TABLE 28 Latin America Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 29 Latin America Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 30 Latin America Magnetic Resonance Imaging Market, By Application, 2014 - 2025 (USD Million)
TABLE 31 Brazil Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 32 Brazil Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 33 Brazil Magnetic Resonance Imaging Market, By Application, 2014 - 2025 (USD Million)
TABLE 34 Mexico Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 35 Mexico Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 36 Mexico Magnetic Resonance Imaging Market, By Application, 2014 - 2025 (USD Million)
TABLE 37 MEA Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025 (USD Million)
TABLE 38 MEA Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 39 MEA Magnetic Resonance Imaging Market, By Application, 2014 - 2025 (USD Million)
TABLE 40 South Africa Magnetic Resonance Imaging Market, By Architecture, 2014 - 2025
TABLE 41 South Africa Magnetic Resonance Imaging Market, By Field Strength, 2014 - 2025 (USD Million)
TABLE 42 South Africa Magnetic Resonance Imaging By Application, 2014 - 2025 (USD Million)