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Africa Magnetic Resonance Imaging (MRI) Market - Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 5175487
  • Report
  • August 2020
  • Region: Africa
  • 110 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Esaote SpA
  • GE Healthcare
  • Hitachi Ltd
  • Koninklijke Philips NV
  • Neusoft Corporation
  • Siemens AG
  • MORE
The key factors propelling the growth of the magnetic resonance imaging market are the rising technological advancement, such as the inclusion of MRI with PET or CT, to provide imaging possibilities with less exposure to harmful radiations. The global players, such as GE, Siemens, and Philips, have an extensive hold on improving technology, as well as global distribution channels. The combination of Magnetic Particle Imaging (MPI) with MRI provides access to high-quality images of tissues and organ inside the body. MRI has been used with other powerful imaging techniques, such as when MRI is combined with radiography, it is used to treat infertility patients. With the inclusion of MRI with other imaging modalities, the combination provides improved quantification by MRI-based motion correction without additional radiation and lesser scanning time. Additionally, due to rising popularity of technologically advanced MRI systems such as hybrid MRI, particularly in the developed market, is expected to fuel the market. The other factors, such as increasing geriatric population and rising adoption of MRI systems are driving the African magnetic resonance imaging market.

Key Market Trends

Oncology Segment is Expected to Show Better Growth in the Forecast Years

Based on application, the market is segmented into Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal, and Other Applications. Oncology deals with diagnosis and treatment of tumors and cancers. According to Globocan, in 2018, among both the sexes, breast and Cervix uteri cancers are the most common cancers found in Africa, with breast cancer alone contributing to around 16% of the total new cases. Thus, there is a growing demand for better diagnostic facilities like MRI in the African countries because of the rising burden of cancer and growing aging population. Hence, rising awareness among people about early diagnosis of diseases for prevention and faster cure is expected to show better growth in the forecast period.

Competitive Landscape

The African magnetic resonance imaging market is highly competitive and consists of several major players. The major players into the Africa magnetic resonance imaging market are Canon Medical Systems Corporation, Esaote SpA, GE Healthcare, Hitachi Ltd, Koninklijke Philips NV, Neusoft Corporation, and Siemens AG.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Esaote SpA
  • GE Healthcare
  • Hitachi Ltd
  • Koninklijke Philips NV
  • Neusoft Corporation
  • Siemens AG
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Geriatric Population
4.2.2 Technological Advancements in MRI Systems
4.2.3 Increasing Adoption of MRI Systems
4.3 Market Restraints
4.3.1 High Cost of MRI Systems
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Architecture
5.1.1 Closed MRI Systems
5.1.2 Open MRI Systems
5.2 Field Strength
5.2.1 Low Field MRI Systems
5.2.2 High Field MRI Systems
5.2.3 Very High and Ultra-high MRI Systems
5.3 Application
5.3.1 Oncology
5.3.2 Neurology
5.3.3 Cardiology
5.3.4 Gastroenterology
5.3.5 Other Applications
5.4 Geography
5.4.1 Africa
5.4.1.1 Egypt
5.4.1.2 Kenya
5.4.1.3 Nigeria
5.4.1.4 South Africa
5.4.1.5 Rest of Africa

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Canon Medical Systems Corporation
6.1.2 Esaote SpA
6.1.3 GE Healthcare
6.1.4 Hitachi Ltd
6.1.5 Koninklijke Philips NV
6.1.6 Neusoft Corporation
6.1.7 Siemens AG

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • Canon Medical Systems Corporation
  • Esaote SpA
  • GE Healthcare
  • Hitachi Ltd
  • Koninklijke Philips NV
  • Neusoft Corporation
  • Siemens AG
Note: Product cover images may vary from those shown
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