HOME Top Market Reports Advances in Magnetic Resonance Imaging (MRI) Market (2013-2018) - Technology Trend Analysis – By Architecture, Field Strengths, Technology & Applications in Medical Diagnostics with Market Landscape Analysis – Estimates up to 2018

Advances in Magnetic Resonance Imaging (MRI) Market (2013-2018) - Technology Trend Analysis – By Architecture, Field Strengths, Technology & Applications in Medical Diagnostics with Market Landscape Analysis – Estimates up to 2018

By: marketsandmarkets.com
Publishing Date: April 2013
Report Code: MD 1989

 

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The research service on Advances in MRI Systems Market (2013-2018) - Technology Trend Analysis - By Architecture, Field Strengths, Technology and Applications in Medical Diagnostics with Market Landscape Analysis - Estimates up to 2018, is an attempt to showcase the technology and market impact of existing and emerging MR systems having a huge growth potential in medical imaging for the coming five years.

Magnetic resonance imaging (MRI) is a medical imaging technique that makes use of magnetism, radio waves, and a computer to produce images of body structures. MRI scans have a wide variety of applications in disease diagnosis ranging from neuroscans, cardiac to liver scans. Closed MR imaging systems command the market due to the high clinical value delivered by the systems.

MR imaging has become the preferred diagnostic imaging method for imaging the central nervous system, particularly for detecting brain tumors, spine lesions, imaging blood vessels, and stroke affected areas of brain. This technology has gained impetus from the keen interest shown in it by technology developers and manufacturers that wish to make it more patient friendly.

The current magnetic resonance imaging industry is producing over 2,000 units per year. The global market for these systems values $4.13 billion, as of the first quarter of 2013, and is expected to grow at a CAGR of 4.56% reaching approximately around $5.24 billion by 2018. As of March 2013, North America dominates the market with nearly 40% share, followed by Europe due to technological developments for effective diagnostics and rapidly aging population. However, Asia is slated to grow at a high CAGR of 5.2% over the analysis period. Improved spending capability and physicians inclination towards MR imaging over other conventional medical imaging modalities is fuelling demand for MRI across this region. Asia holds enormous growth potential, particularly from countries with large population base such as China and India. The demand is anticipated primarily from private hospitals compared to public hospitals. The adoption of MR imaging equipment market is also likely to grow owing to the rising incidences of cardiac diseases, neurological and oncological cases in the region.

Liquid helium, which has an extremely low boiling point of minus 452.07˚F, is used for cooling the superconducting magnets of MR systems. A severe shortage in the availability of helium across the globe would affect significantly for MR OEMs. The prices for hospital-grade helium are anticipated to rise from 2013, leading to higher health-care costs or, in the worst scenario, the need for an alternative technique for cooling MRI machines.

Moreover, changing healthcare reforms from early 2013 in the U.S. also resulted in 20-25% reimbursement cuts for MRI, affecting the global clinical OEMS, physicians and healthcare payers. Nevertheless, once market barriers of tight R&D budgets, high costs of MRI scans and alternate cooling systems are resolved, the industry is expected to grow considerably. With technology developers exploring many new applications, especially those involving cardiac and breast imaging, it was inevitable that magnetic resonance imaging would evolve into a highly sophisticated medical imaging tool.

Scope of the Report

This research report evaluates the global market of magnetic resonance imaging by architecture, field strength, technology market, application, and geography. The report analyzes geography; forecasting revenues and trends in each of the following submarkets:

  • By Architecture
    • Closed systems
    • Open systems
  • By Field Strength
    • Low field strength systems
    • Mid field strength systems
    • High field strength systems
  • By Technology
    • MR Angiogram
    • MR Venogram
    • Functional MRI
    • MR Spectroscopy
    • Others -Fusion MR
  • By Application
    • Whole Body MRI systems
    • Interventional MRI systems
    • MRI for Brain and Neurological disorder
    • Breast MRI systems
    • Cardiac MRI systems
    • MR systems for Other applications such as -;Chest,Neck, Upper and Lower extremities
  • By Geography
    • North America
      • The U.S.
      • Canada
    • Europe
      • France
      • Germany
      • U.K.
    • Asia
      • China
      • Japan
      • India
    • ROW
      • Australia
      • Brazil
      • Israel
      • Russia

Each section provides market data, market drivers, trends and opportunities, top-selling products, key players, and competitive outlook.

Table Of Contents   
   
   
1 Introduction (Page No. - 24)  
   1.1 Key Take Aways 
   1.2 Report Scope & Segmentation 
   1.3 Research Methodology 
   1.4 Key Data Points From Secondary  & Primary Resources 
   1.5 Assumptions 
   
2 Executive Summary (Page No. - 32)
   
3 MRI – Technology Snapshot  (Page No. - 38)   
   3.1 MRI Technology Overview 
   3.2 MRI Technology Evolution 
   3.3 Commercially Available Products 
   3.4 MRI Vs Conventional Imaging Modalities 
   3.5 Technology Segmentation 
       3.5.1 Technology Segmentation –By Architecture
       3.5.2 Technology Segmentation – By Field Strengths
       3.5.3 Technology Segmentation – By Technology
       3.5.4 Technology Segmentation – By RF Coils
   3.6 MRI – Technology Trends 
   3.7 Technology Roadmap 
   3.8 Research Based Initiatives 
   
4 MRI- Value Chain Analysis  (Page No. - 61)  
   4.1 Value Chain Analysis 
   4.2 MRI- Value Chain Analysis – By Porter’s Five Forces Model 
   4.3 Gap Analysis 
   
5 MRI- Market Landscape Analysis (Page No. - 71)  
   5.1 Global MRI Market  
   5.2 MRI Business Process 
   5.3 Global MRI Market – By Geography 
   5.4 Trend Analysis – Pricing & Installations 
   5.5 Factors Influencing Global MRI Market 
       5.5.1 Helium Shortage – Impact On MRI Market
   5.6 MRI Systems Market, By Architecture 
       5.6.1 Closed MRI Systems Market
             5.6.1.1 Global Closed MRI Systems Market –Market Dynamics
       5.6.2 Open MRI Systems Market
             5.6.2.1 Global Open MRI Systems Market –Market Dynamics
   5.7 MRI Systems Market, By Field Strengths 
       5.7.1 Low To Mid-Field MRI Systems
       5.7.2 High-Field MRI Systems
       5.7.3 Very High-Field MRI Systems
   5.8 MRI Systems Market, By Technology 
       5.8.1 Mr-Angiography (Mra)
       5.8.2 Mr-Venography (Mrv)
       5.8.3 Fusion MRI
       5.8.4 Mr Spectroscopy (Mrs)
       5.8.5 Other MRI Systems Market - By Technology
   5.9 MRI Systems Market, By Applications 
       5.9.1 MRI for Brain & Neurological Disorders
       5.9.2 MRI for Spine
       5.9.3 MRI for Extremity
       5.9.4 Vascular MRI Market
       5.9.5 MRI for Pelvic & Abdominal
       5.9.6 Breast MRI
       5.9.7 Cardiac MRI
       5.9.8 Others
   5.10 MRI Systems-Global Impact 
   
6 Geographic Analysis, and Technology Adoption & Development Potential (Page No. - 116)  
   6.1 Overview 
   6.2 Geographic Analysis - North America (U.S. & Canada) 
       6.2.1 Technology Adoption & Development – North America
   6.3 Geographic Analysis - Europe (Germany, France, U.K., Italy, Spain, Turkey, ROE) 
       6.3.1 Technology Adoption & Development – Europe
   6.4 Geographic Analysis - Asia (Japan, China, India, Roa) 
       6.4.1 Technology Adoption & Development – Asia
   6.5 Geographic Analysis -ROW (Brazil, Rrow) 
       6.5.1 Technology Adoption & Development – ROW
   
7 Regulatory Landscape Analysis (Page No. - 174) 
   7.1 Overview 
   7.2 Regulatory Landscape Analysis – By Region 
   7.3 Regulatory Landscape Analysis – By Country 
   
8 Reimbursement Scenario (Page No. - 180)  
   8.1 "Reimbursement Scenario for MRI 
   
9 Investment Analysis and Opportunities (Page No. - 182)  
   9.1 Investment Analysis 
   9.2 Investor Network 
   9.3 Cost Vs. Benefit Analysis 
   9.4 Potential Investment Opportunities  
   
10 Competitive Landscape Analysis (Page No. - 189)  
   10.1 Competitive Landscape - Overview 
   10.2 Key Mergers & Acquisitions (2009 – 2013) 
   10.3 Key Partnerships/Collaborations/Agreements (2009 – 2013) 
   10.4 New Product Launches (2009 – 2013) 
   10.5 Other Developments (2009 – 2013) 
   
11 Patent Analysis (Page No. - 208) 
   11.1 Patent Analysis 
   11.2 Y-O-Y Patent Analysis 
   
12 Key Company Profiles (Page No. - 211)  
   12.1 Aurora Imaging Technology 
   12.2 Agilent Technologies, Inc. 
   12.3 ASG Superconductors S.P.A. 
   12.4 Advanced Imaging Research, Inc. DBA Sree Medical Systems 
   12.5 Bartington Instruments, Ltd. 
   12.6 Bayer Healthcare Pharmaceuticals 
   12.7 Biophan Technologies, Inc. 
   12.8 Bruker Biospin Gmbh 
   12.9 Doty Scientific, Inc. 
   12.10 Esaote S.P.A 
   12.11 Fonar Corporation 
   12.12 Ge Healthcare 
   12.13 Hitachi Medical Corporation 
   12.14 IMRIs, Inc. 
   12.15 LMT Lammers Medical Technology Gmbh 
   12.16 Philips Healthcare 
   12.17 Shenzhen Basda Medical Apparatus Co. Ltd. 
   12.18 Siemens Healthcare 
   12.19 Toshiba Medical Systems Corporation 
   12.20 Insightec Ltd. 
   12.21 MR Instruments, Inc. 
   12.22 Time Medical Systems 
   
13 Appendix (Page No. - 256) 
   U.S. Patents 
   European Patents 
   Japan Patents 


List Of Tables (117 Tables)   
     
Table 1  Global MRI Systems Market, By Geography, 2010 – 2018 ($Million) 
Table 2  Global MRI Systems Market, By Geography, 2010 – 2018 (No. of Installations) 
Table 3  Global MRI Systems Market, By Architecture, 2010 – 2018 (No. of Installations) 
Table 4  Global MRI Systems Market, By Architecture, 2010 – 2018 ($Million) 
Table 5  Closed MRI Systems Market, By Geography, 2010 – 2018 ($Million) 
Table 6  Closed MRI Systems Market, By Geography, 2010 – 2018 (No. of Installations) 
Table 7  Open MRI Systems Market, By Geography, 2010 – 2018 ($Million) 
Table 8  Open MRI Systems Market, By Geography, 2010 – 2018 (No. of Installations) 
Table 9  Field Strength of Various MRI System 
Table 10 Global MRI Systems Market, By Field Strength, 2010 – 2018 ($Million)  
Table 11  Global MRI Systems Market, By Field Strength, 2010 – 2018 (No . of Installations) 
Table 12 Low To Mid-Field MRI Systems Market, By Geography, 2010 – 2018 ($Million)  
Table 13 Low To Mid-Field MRI Systems Market, By Geography, 2010 – 2018 (No. of  Installations)  
Table 14 High-Field MRI Systems Market, By Geography, 2010 – 2018 ($Million)  
Table 15 High-Field MRI Systems Market, By Geography, 2010 – 2018 (No. of Installations)  
Table 16 Very High-Field MRI Systems Market, By Geography, 2010 – 2018 ($Million)  
Table 17 Very High-Field MRI Systems Market, By Geography, 2010 – 2018 (No. of  Installations)  
Table 18 Global MRI Systems Market, By Technology, 2010 – 2018 ($Million)  
Table 19 Mr Angiogram Market, By Geography, 2010 – 2018 ($Million)  
Table 20 Mr Venogram Systems Market,By Geography, 2010 – 2018 ($Million)  
Table 21 Functional MRI Systems Market, By Geography, 2010 – 2018 ($Million)  
Table 22 Mr Spectroscopy Systems Market,By Geography, 2010 – 2018 ($Million)  
Table 23 Other MRI Systems Market, By Geography, 2010 – 2018 ($Million)  
Table 24 Global MRI Systems Market, By Application, 2010 – 2018 ($Million)  
Table 25 MRI Systems for Brain & Neurology Market, By Geography, 2010 – 2018 ($Million)  
Table 26 MRI Systems for Spine Market, By Geography, 2010 – 2018 ($Million)  
Table 27  MRI System for Extremity Market, By Geography, 2010 – 2018 ($Million)  
Table 28 MRI Systems Vascular Market, By Geography, 2010 – 2018 ($Million)  
Table 29 MRI Systems for Pelvic and Abdominal Market, By Geography, 2010 – 2018 ($Million) 
Table 30 Breast MRI Systems Market, By Geography, 2010 – 2018 ($Million)  
Table 31 Cardiac MRI Systems Market, By Geography, 2010 – 2018 ($Million)  
Table 32 Other MRI Systems Applications Market, By Geography, 2010 – 2018 ($Million)  
Table 33 North America MRI Market, By Country, 2010 – 2018 (No. of Installation)  
Table 34 North America MRI Market, By Country, 2010 – 2018 ($Million)  
Table 35 North America MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 36 North America MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 37 North America Open MRI Market, By Field Strength, 2010 – 2018 (No. of  Installation)  
Table 38 North America Closed MRI Market, By Field Strength, 2010 – 2018 (No. of  Installation)  
Table 39 U.S. MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 40 U.S. MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 41 Canada MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 42 Canada MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 43 U.S. Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 44 U.S. Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 45 Canada Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 46 Canada Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 47 Europe MRI Market, By Country, 2010 – 2018 (No. of Installation)  
Table 48 Europe MRI Market, By Country, 2010 – 2018 ($Million)  
Table 49 Europe MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 50 Europe MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 51 Europe Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 52 Europe Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 53 Italy MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 54 Italy MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 55 Turkey MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 56 Turkey MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 57 Spain MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 58 Spain MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 59 Germany MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 60 Germany MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 61 France MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 62 France MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 63 U.K. MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 64 U.K. MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 65 ROE MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 66 ROE MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 67 Italy Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 68 Italy Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 69 Turkey Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 70 Turkey Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 71 Spain Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 72 Spain Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 73 Germany Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 74 Germany Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 75 France Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 76 France Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 77 U.K. Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 78 U.K. Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 79 ROE Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 80 ROE Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 81 Asia MRI Market, By Country, 2010 – 2018 (No. of Installation)  
Table 82 Asia MRI Market, By Country, 2010 – 2018 ($Million)  
Table 83 Asia MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 84 Asia MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 85 Asia Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 86 Asia Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 87 Japan MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 88 Japan MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 89 China MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 90 China MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 91 India MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 92 India MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 93 Roa MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 94 Roa MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 95 Japan Open MRI Market, By Field-Strength, 2010 – 2018 (No. of Installation)  
Table 96 Japan Closed MRI Market, By Field-Strength, 2010 – 2018 (No. of Installation)  
Table 97 China Open MRI Market, By Field-Strength, 2010 – 2018 (No. of Installation)  
Table 98 China Closed MRI Market, By Field-Strength, 2010 – 2018 (No. of Installation)  
Table 99 India Open MRI Market, By Field-Strength, 2010 – 2018 (No. of Installation)  
Table 100 India Closed MRI Market, By Field-Strength, 2010 – 2018 (No. of Installation)  
Table 101 Roa Open MRI Market, By Field-Strength, 2010 – 2018 (No. of Installation)  
Table 102 Roa Closed MRI Market, By Field-Strength, 2010 – 2018 (No. of Installation)  
Table 103 ROW MRI Market, By Country, 2010 – 2018 (No. of Installation)  
Table 104 ROW MRI Market, By Country, 2010 – 2018 ($Million)  
Table 105 ROW MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 106 ROW MRI Market, By Architecture, 2010 – 2018 ($ Million)  
Table 107 ROW Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 108 ROW Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 109 Brazil MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 110 Brazil MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 111 Rrow MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Table 112 Rrow MRI Market, By Architecture, 2010 – 2018 ($Million)  
Table 113 Brazil Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 114 Brazil Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 115 Rrow Open MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 116 Rrow Closed MRI Market, By Field Strength, 2010 – 2018 (No. of Installation)  
Table 117 Other Major Countries MRI Market, 2010 – 2018 (No. of Installation)  
   
   
   
List of Figures (34 Figures)    
    
Figure 1 Global MRI Market, By Architecture, 2010 – 2018 ($Million)  
Figure 2 Global MRI Market, By Application, 2010 – 2018 ($Million)   
Figure 3 Global MRI Market, By Field Strength, 2010 – 2018 ($Million)   
Figure 4 MRI Market, By Geography, 2010 – 2018 ($Million)   
Figure 5 MRI Market Growth Rate, By Geography (2013 – 2018)  
Figure 6 Global MRI Equipment Value Chain Analysis, By Manufacturers, 2013   
Figure 7 Porter’s Value Chain Analysis for MRI Market  
Figure 8 Global MRI Market, By Field Strength  2010 – 2018 (No. of Installation)  
Figure 9 Global MRI Market, By Architecture, 2010 – 2018 (No. of Installation)  
Figure 10 Global MRI Systems Market Share, By Architecture, 2013 Vs 2018 (No. of  Installations)  
Figure 11 Global MRI Market Share, By Geography, 2013 ($Million)  
Figure 12 Global MRI Systems Market, By Geography, 2010 – 2018 ($Million)  
Figure 13 MRI Pricing Trend  
Figure 14 Global MRI Systems Market, By Geography, 2010 – 2018 (No. of Installation)  
Figure 15 Factors Influencing Growth of The MRI Market  
Figure 16 Global MRI Systems Market Share, By Architecture,  2013 Vs 2018 ($Million)  
Figure 17 MRI Systems Market Share, By Field Strengths, 2013, ($Million)  
Figure 18 Global MRI Systems Market Share, By Technology (2013)  
Figure 19 Global MRI Market Share, By Applications, 2013, ($Million)  
Figure 20 North America MRI Market Share, By Country (2013)  
Figure 21 Europe MRI Market Share, By Country (2013)  
Figure 22 Asia MRI Market Share, By Country (2013)  
Figure 23 Row MRI Market Share, By Country (2013)  
Figure 24 MRI Market, By Country, 2013 (No of Installation)  
Figure 25 Technology Adoption & Development Potential – By Geography   
Figure 26 MRI- Investor Network  
Figure 27 MRI Screening Procedures Worldwide  
Figure 28 Need for MRI Units Per Million Population, By Country   
Figure 29 MRI Potential Investment Analysis – Cost Vs. Benefits  
Figure 30 Global MRI Market Share, By Key Player (2013)  
Figure 31 Key Growth Strategies (2013)  
Figure 32 Indicative Share of Global MRI Patents  
Figure 33 Patent Analysis, By Assignee  
Figure 34 Global MRI Patents, January 2006 To December 2012

Magnetic resonance imaging (MRI) is a noninvasive technology that exploits the use of magnetic fields and radio waves to generate anatomical images of the body. Technological advancements have led to innovations in MRI systems such as open MRI, high field strength MR systems, and dedicated MRI machines for wide range of applications in fields of oncology, neurology, and cardiology. Currently, research is being carried out to combine MR machines with other imaging modalities for achieving better image clarity. Though these dual modality MR imaging systems are still in the realm of research, they offer a great scope for medical diagnosis in the near future.

A major advantage of MR Imaging is that it does not use any ionizing radiation, unlike conventional imaging. Magnetic resonance imaging is non-invasive and offers exquisite clinical images, both functionally and anatomically, with better contrast of soft tissues and anatomical structures. Many diseases such as brain tumors and breast tumors are more readily apparent in MR images than CT or other conventional imaging modalities. The global MR Imaging market is estimated to be $4.13 billion, as of March 2013; it is poised to grow at a CAGR of 4.56% to reach approximately around $5.24 billion by 2018.

This market research report evaluates the global market of magnetic resonance imaging by architecture, field strength, technology, application, and geography. The market by architecture is further categorized as closed and open MRI systems; the field strength segment comprises low to mid-field strength, high field strength and very-high field strength MR systems, while the technology segment is classified as MR Angiogram, MR Venogram, functional MRI, MR Spectroscopy and Fusion MR. In addition, the application segment covers breast MRI, cardiac MRI, interventional MRI, whole body MRI and MRI for brain, and neurological disorders.

This research report covers in-depth market analysis of MR imaging based on architecture - open and closed systems providing market dynamics and opportunities for the coming five years. Closed systems account for the largest share of the total market in 2013. However open MR systems are anticipated to witness a high growth rate owing to rising demand by physician for claustrophobic and elder patients.

GLOBAL MRI SYSTEMS MARKET, BY ARCHITECTURE, 2010 – 2018 ($MILLION)

MRI Systems Market

Source: Annual Reports, Expert Interviews, MarketsandMarkets Analysis

GLOBAL MRI SYSTEMS MARKET, BY APPLICATION, 2010-2018 ($MILLION)

 

Source: Annual Reports, Expert Interviews, MarketsandMarkets Analysis

MR systems are used for musculoskeletal imaging, abdomen imaging, cardiovascular imaging, and breast imaging. Cardiac MRI, breast MRI, MRI for

MRI Systems Market

neurological applications are expected to capture significant market share in the next few years owing to rapidly aging population and rising cases of chronic disorders.

The increasing applications in the field of angiography, cancer screening, breast screening, and neurology would certainly foster the growth of the market. Functional MRI remains a significant market, due to increasing number of research to study the human brain and brain disorders across the universities world-wide.

Key players in the market include GE Healthcare (U.K.), Hitachi Medical Systems (Japan), Philips Healthcare (The Netherlands), Siemens Healthcare (Germany), and Toshiba Medical Systems (Japan). The report profiles around 22 companies - leading magnet systems and RF coil manufacturers to clinical OEMs.

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