Introduction of technologically advanced products such as Espree MRI systems and the way the entire RF subsystems has been operated in MRI are the major drivers of this market. Moreover, increase in incidences of road accidents caused by rash driving or driving after being intoxicated and increasing prevalence of cardiovascular diseases, tumors, and other neurological disorders are also few factors propelling market growth.
Few factors impeding market growth includes high capital investment, shortage of helium gas deposition and declining reimbursement rates for MRI procedure. However, manufacturers are now more concern about analyzing more applications and developing cost effective equipment with improved patient comfort which is expected to reduce the impact of aforementioned restraining factors.
The report segments the global MRI market by architecture, field strength, application, and region. By architecture, the market is categorized into closed MRI systems and open MRI systems. The MRI systems field strength market is divided into low-to-mid-field MRI (below 1.5T), high-field MRI (1.5T-3T), very-high-field MRI (4T-6T), and ultra-high-field MRI (7T and above).
On the basis of field strength, the MRI systems market is categorized into low-to-mid-field MRI, high-field MRI, very-high-field MRI, and ultra-high-field MRI. Based on application, the MRI systems market is classified into spine & musculoskeletal MRI, brain & neurological MRI, vascular MRI, pelvic & abdominal MRI, breast MRI, and cardiac MRI.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. North America on account of technologically advanced healthcare infrastructure, better reimbursement policies and high patient and doctor awareness level emerged as one of the most revenue generating region. However, Asia Pacific is expected to be the fastest growing region market owing to the favorable government initiatives pertaining to the development of healthcare such as “change India”, which includes 10 policies that are expected to transform India’s healthcare sector. However, Japan remains as an early adaptor of novel MRI technologies.
The key companies covered in the report include GE Healthcare, Hitachi Medical Corporation, Philips healthcare, Siemens Healthcare, and Toshiba medical systems.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of MRI globally as well as regionally. Moreover, the Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider.
The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of MRI. Moreover, the study highlights current market trends and provides forecast from 2016 to 2021. We also have highlighted future trends in the MRI market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the MRI market to understand the current and future trends in this market and formulate their strategies accordingly.
1.1 4ort Description
1.2 Research Methods
1.3 Research Approaches
2. Executive Summary
3. Global MRI Market Overview
3.2 Market Dynamics
3.3 Porter’s Five Forces Analysis
3.4 Author - Growth Matrix Analysis
3.5 Competitive Landscape in the MRI Market
4. Global MRI Market Analysis, by Architecture (USD Million) 2014-2021
4.1 Closed MRI Systems
4.2 Open MRI Systems
5. Global MRI Market Analysis, by Field Strength (USD Million) 2014-2021
5.1 Low-To-Mid-Field MRI Systems (<1.5T)
5.2 High-Field MRI Systems (1.5T to 3T)
5.2.1 1.5T MRI Systems
5.2.2 3T MRI Systems
5.3 Very-High-Field MRI Systems (4T to 6T)
5.4 Ultra-High-Field MRI Systems (7T and Above)
6. Global MRI Market Analysis, by Application (USD Million) 2014-2021
6.1 Brain and Neurological MRI
6.2 Spine and Musculoskeletal MRI
6.3 Vascular MRI
6.4 Pelvic and Abdominal MRI
6.5 Breast MRI
6.6 Cardiac MRI
7. Global MRI Market Analysis, by Region (USD Million) 2014-2021
7.1 North America
7.1.1 North America MRI Market by Architecture (USD Million)
7.1.2 North America MRI Market by Field Strength (USD Million)
7.1.3 North America MRI Market by Application (USD Million)
7.2.1 Europe MRI Market by Architecture (USD Million)
7.2.2 Europe MRI Market by Field Strength (USD Million)
7.2.3 Europe MRI Market by Application (USD Million)
7.3.1 Asia-Pacific MRI Market by Architecture (USD Million)
7.3.2 Asia-Pacific MRI Market by Field Strength (USD Million)
7.3.3 Asia-Pacific MRI Market by Application (USD Million)
7.4 Rest of the World (RoW)
7.4.1 RoW MRI Market by Architecture (USD Million)
7.4.2 RoW MRI Market by Field Strength (USD Million)
7.4.3 RoW MRI Market by Application (USD Million)
8. Company Profiles
8.1 Hitachi Medical Systems (Subsidiary of Hitachi Ltd.)
8.2 Siemens Healthcare
8.3 Toshiba Medical Systems Corporation
8.4 GE Healthcare
8.5 Philips Healthcare
8.6 Bruker Corporation
8.7 Aurora Imaging Technology, Inc.
8.8 Esaote S.P.A
8.9 Fonar Corporation
8.10 Neusoft Medical Systems Co., Ltd.
- Bruker Corporation
- Esaote S.P.A
- Fonar Corporation
- GE Healthcare
- Hitachi Medical Systems (Subsidiary of Hitachi Ltd.)
- Neusoft Medical Systems Co., Ltd.
- Philips Healthcare
- Siemens Healthcare