Africa Open System MRI Market - Growth, Trends And Forecasts (2016 - 2021)

  • ID: 3784677
  • Report
  • Region: Africa
  • 95 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • GE Healthcare
  • Philips Healthcare
  • Siemens Healthcare
  • Toshiba Medical Systems
  • MORE
African market is poised to reach $87 million by 2020 growing at a CAGR of 7.6%. MRI is a powerful diagnostic tool which is replacing CT because of its higher sensitivity and use of non-ionizing radiations. Open MRI is the more popular one between the two available systems of MRI, open and closed. Open MRI systems have a magnetic field in the top and bottom and do not enclose the patient in a tunnel. This prevents the patients becoming Claustrophobic. There is a study which shows that one in every 6 patients suffers from claustrophobia hence the open system is preferred and is fast replacing the closed system.

There is a growing demand for better diagnostic facilities like MRI in the African countries because of the incidence of diseases and cancers and a rise in the aging population. The awareness among people about early diagnosis of diseases for prevention and faster cure has increased contributing to the growing market. The market can be segmented based on the resolution (low-field, mid-field and high field), the applications (Neurology, Cardiology, Gastroenterology and Oncology) and geographically (Nigeria, Kenya, Egypt and other countries). The key players in the industry are GE, Hitachi Medical Corporation, Philips Healthcare, Siemens Healthcare and Toshiba Medical Systems.

Drivers: Advancement in technology and healthcare facilities has made this technology popular. It is not only safe but also preferred by all patients as it does not make them claustrophobic. It is more sensitive than CT. The growing aging population and higher incidence of diseases are drivers of this market.

Constraints: The increasing number of accidents recorded in patients with implants such as pacemakers and cochlear implants. The technology also requires skilled professionals for performing the diagnosis and analyzing the results.

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FEATURED COMPANIES

  • GE Healthcare
  • Philips Healthcare
  • Siemens Healthcare
  • Toshiba Medical Systems
  • MORE
INTRODUCTION
  • Study Deliverables
  • Market Definition
  • Sizing Units
  • Base Currency
  • Review and forecast period years
  • General Study Assumptions
RESEARCH METHODOLOGY
  • Introduction
  • Analysis Methodology
  • Econometric forecast models
  • Research Assumptions
EXECUTIVE SUMMARY

KEY INFERENCES

MARKET OVERVIEW AND INDUSTRY TRENDS
  • Current market scenario
  • Technology Overview
  • New developments in therapeutics
  • Investment analysis
  • Porters Five Force Analysis
  • Bargaining Power of suppliers
  • Bargaining power of buyers
  • Degree of competition
  • Threat of substitution
  • Threat of new entrants
DRIVERS, RESTRAINTS, OPPORTUNITIES
  • Market Drivers
  • Increasing advancements in technology
  • Increasing applications in clinical diagnosis boosting the market growth
  • Increasing disease incidence
  • Market Restraints Lack of Skilled professionals
  • Increase in number of accidents
  • Interpretation of complex data
  • Market Opportunities
  • Key Challenges
AFRICA OPEN SYSTEM MRI MARKET SEGMENTATION
  • By resolution
  • Low- Field Scanner
  • Mid-field Scanner
  • High-Field Scanner
  • By Application
  • Neurology
  • Gastroenterology
  • Cardiology
  • Oncology
AFRICA OPEN SYSTEM MRI MARKET SEGMENTATION BY GEOGRAPHY - COUNTRY SHARES AND FORECAST
  • Africa
  • Introduction
  • Morocco
  • Algeria
  • South Africa
  • Rest of Africa
COMPETITIVE LANDSCAPE
  • Merger and Acquisition Analysis
  • Patent Analysis
  • The Challengers
KEY VENDORS
  • GE Healthcare
  • Hitachi Medical Corporation
  • Philips Healthcare
  • Siemens Healthcare
  • Toshiba Medical Systems
ANALYST OUTLOOK FOR INVESTMENT OPPORTUNITIES

FUTURE OUTLOOK OF THE MARKET

APPENDIX
  • Abbreviations
  • Bibliography
  • Disclaimer
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GE Healthcare
Hitachi Medical Corporation
Philips Healthcare
Siemens Healthcare
Toshiba Medical Systems
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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