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Canada Magnetic Resonance Imaging (MRI) Market - Forecasts from 2019 to 2024

  • ID: 4766941
  • Report
  • Region: Canada
  • 71 pages
  • Knowledge Sourcing Intelligence LLP
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FEATURED COMPANIES

  • General Electric Company
  • Hitachi, Ltd.
  • Koninklijke Philips N.V.
  • MORE
The Canada MRI market is projected to grow at a CAGR of 2.66% to reach US$0.378 billion by 2024, from US$0.323 billion in 2018. The MRI market in Canada is poised to grow during the forecast period owing to an aging population and prevalence of chronic diseases. Furthermore, growing health expenditure is augmenting the market growth during the forecast period. In the end, the growing trend of medical screening and early disease detection due to the growing health awareness among citizens will provide an opportunity for the growth of the Canada MRI market in the forecast period and beyond.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations being implemented by the relevant agencies. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Canada MRI value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the Canada MRI market.

Major industry players profiled as part of the report are General Electric Company, Siemens Healthcare Limited, Canon Medical Systems Corporation, Koninklijke Philips N.V., and Hitachi, Ltd.

Segmentation

The Canada MRI market has been analyzed through following segments:

By Type
Closed
Open

By Application
Screening
Diagnosis
Treatment Monitoring
Research
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • General Electric Company
  • Hitachi, Ltd.
  • Koninklijke Philips N.V.
  • MORE
1. Introduction
1.1. Market Overview
1.2. Market Definition
1.3. Scope Of The Study
1.4. Currency
1.5. Assumptions
1.6. Base, And Forecast Years Timeline

2. Research Methodology
2.1. Research Design
2.2. Secondary Sources

3. Executive Summary

4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Force Analysis
4.5.1. Bargaining Power Of Suppliers
4.5.2. Bargaining Power Of Buyers
4.5.3. Threat Of New Entrants
4.5.4. Threat Of Substitutes
4.5.5. Competitive Rivalry In The Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. Canada MRI Market By Type
5.1. Closed
5.2. Open

6. Canada MRI Market By Application
6.1. Screening
6.2. Diagnosis
6.3. Treatment Monitoring
6.4. Research

7. Competitive Intelligence
7.1. Recent Deals And Investment
7.2. Competitive Benchmarking And Analysis
7.3. Strategies Of Key Players

8. Company Profiles
8.1. General Electric Company
8.2. Siemens Healthcare Limited
8.3. Canon Medical Systems Corporation
8.4. Koninklijke Philips N.V.
8.5. Hitachi, Ltd.
Note: Product cover images may vary from those shown
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  • General Electric Company
  • Siemens Healthcare Limited
  • Canon Medical Systems Corporation
  • Koninklijke Philips N.V.
  • Hitachi, Ltd.
Note: Product cover images may vary from those shown
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The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.

The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.

The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.

 

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