HOME Top Market Reports Magnetic Resonance Imaging (MRI) Systems Market by Architecture (Open MRI, Closed MRI), Field Strength (low-to-mid field, high field, very high field, ultra-high field) & Application (Brain, Spine, Cardiac, Breast, Abdominal) - Global Forecast to 2020

Magnetic Resonance Imaging (MRI) Systems Market by Architecture (Open MRI, Closed MRI), Field Strength (low-to-mid field, high field, very high field, ultra-high field) & Application (Brain, Spine, Cardiac, Breast, Abdominal) - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: March 2015
Report Code: MD 3220

 

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MRI systems market is estimated to grow at a CAGR of 5.0% to reach $6,802.7 million by 2020. The closed magnetic resonance imaging system segment accounted for the largest share of the MRI systems market.

In this report, the global market is broadly segmented by architecture, field strength, application, and region. By architecture, MRI systems market is categorized into closed and open magnetic resonance imaging system.

On the basis of field strength, MRI systems market is categorized into low-to-mid-field MRI, high-field MRI, very-high-filed MRI, and ultra-high-filed MRI. In 2014, the high-field MRI segment accounted for the largest share of the market attributing to the growing number of replacements of low-to-mid field magnetic resonance imaging system.

Based on applications, the MRI systems market is broadly classified into spine and musculoskeletal MRI, brain and neurology MRI, vascular MRI, pelvic and abdominal MRI, breast MRI, and cardiac MRI. Spine and musculoskeletal MRI is the fastest-growing segment of the market attributing to the growing aging population and rising awareness about early diagnosis.

Growth of the market is propelled by the rising aging population and technological advancements such as superconducting (SC) magnets, open architecture, high-field MRI, and software applications. Emerging markets (China, India, Brazil, and Middle East), novel application areas such as multiple sclerosis and breast cancer, and advent of hybrid magnetic resonance imaging system provide new growth opportunities to players in the market. However, high costs of magnetic resonance imaging system, declining reimbursement rates for MRI procedures, shortage of helium gas deposits, dearth of trained personnel, and uncertain outcomes of changing healthcare reforms are hindering the growth of this market.

Key players operating are GE Healthcare (U.K.), Hitachi Medical Corporation (Japan), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), and Toshiba Medical Systems (Japan).

Scope of the Report

  • This study does not cover the accessories, services, and refurbished magnetic resonance imaging system markets

Particular

Scope

Region

  • North America
  • Europe
  • Asia (China, Japan, India,  and Rest of Asia)
  • RoW (Brazil and Other Countries)

Historical Years

2013

Base Year

2014

Estimated Year

2015

Forecast Period

2015–2020

Revenue Currency

USD ($)

Market Segmentation

This research report categorizes the magnetic resonance imaging system market on the basis of architecture, field strength, application, and region.

By Architecture

  • Closed MRI Systems
  • Open MRI Systems

By Field Strength

  • Low-to-mid-field MRI
  • High-field MRI
  • Very-high-field MRI
  • Ultra-high-field MRI

By Application

  • Spine and Musculoskeletal MRI
  • Brain and Neurology MRI
  • Vascular MRI
  • Pelvic and Abdominal MRI
  • Breast MRI
  • Cardiac MRI

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia
    • China
    • Japan
    • India
    • Rest of Asia
  • Rest of the World (RoW)
    • Brazil
    • Other Countries

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Markets Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Market Size Estimation
    2.2 Market Crackdown and Data Triangulation
           2.2.1 Key Data From Secondary Sources
           2.2.2 Key Data From Primary Sources
                    2.2.2.1 Key Industry Insights
           2.2.3 Assumptions for the Study

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 34)
    4.1 MRI Systems Market to Grow at A Modest Rate
    4.2 Market, By Application
    4.3 Market, By Region
    4.4 Market, By Field Strength
    4.5 Market, By Architecture
    4.6 Lifecycle Analysis, By Region

5 Market Overview (Page No. - 38)
    5.1 Introduction
    5.2 Evolution
           5.2.1 Commercial Products
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Geriatric Population
                    5.3.1.2 Rising Awareness About Early Diagnosis
                    5.3.1.3 Technological Advancements
           5.3.2 Restraints
                    5.3.2.1 High Costs 
                    5.3.2.2 Ceasing Helium Gas Deposits Around the World
                    5.3.2.3 Declining Reimbursement Rates for MRI Procedures
           5.3.3 Opportunities
                    5.3.3.1 Emerging Markets (China, India, Brazil, and the Middle East)
                    5.3.3.2 Novel Application Areas Such as Detection of Multiple Sclerosis and Breast Cancer
                    5.3.3.3 Advent of Hybrid MRI Systems
           5.3.4 Challenges
                    5.3.4.1 Dearth of Trained Personnel
                    5.3.4.2 Uncertain Outcomes of Changing Healthcare Reforms
           5.3.5 Regulatory Landscape
                    5.3.5.1 U.S.
                    5.3.5.2 Canada
                    5.3.5.3 Europe
                    5.3.5.4 Australia
                    5.3.5.5 China
                    5.3.5.6 India
                    5.3.5.7 Japan
                    5.3.5.8 South Korea
           5.3.6 Reimbursement Scenario
           5.3.7 Burning Issues
                    5.3.7.1 Increasing Focus on Replacement of Low-Field MRI Systems With High-Field MRI Systems

6 Industry Insights (Page No. - 52)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Force Analysis
           6.3.1 Threat From New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Buyers
           6.3.4 Bargaining Power of Suppliers
           6.3.5 Intensity of Competitive Rivalry
    6.4 Industry Trends
    6.5 Strategic Benchmarking
           6.5.1 New Product Launches

7 MRI Systems Market, By Architecture (Page No. - 58)
    7.1 Introduction
    7.2 Closed MRI Systems
    7.3 Open MRI Systems

8 Microscopy Market, By Field Strength (Page No. - 67)
    8.1 Introduction
    8.2 Low-To-Mid-Field MRI Systems (<1.5t)
    8.3 High-Field MRI Systems (1.5t)
    8.4 Very-High-Field MRI Systems (3t)
    8.5 Ultra-High-Field MRI Systems (7t and Above)

9 MRI Systems Market, By Application (Page No. - 80)
    9.1 Introduction
    9.2 Brain and Neurological MRI
    9.3 Spine and Musculoskeletal MRI
    9.4 Vascular MRI
    9.5 Pelvic and Abdominal MRI
    9.6 Breast MRI
    9.7 Cardiac MRI

10 MRI Systems Market, By Region (Page No. - 101)
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
     10.3 Europe
             10.3.1 Germany
             10.3.2 France
             10.3.3 U.K.
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Rest of Europe (RoE)
     10.4 Asia
             10.4.1 China
             10.4.2 India
             10.4.3 Japan
             10.4.4 Rest of Asia (RoA)
     10.5 Rest of the World (RoW)
             10.5.1 Brazil
             10.5.2 Other Countries

11 Competitive Landscape (Page No. - 157)
     11.1 Overview
     11.2 Market Share Analysis
     11.3 Battle for Market Share: New Product Launches Was the Key Growth Strategy Adopted By Market Players
     11.4 New Product Launches
     11.5 Agreements, Partnerships, and Collaborations
     11.6 Expansions
     11.7 Other Developemnts

12 Company Profiles (Page No. - 167)
     12.1 Introduction
     12.2 Aurora Imaging Technology, Inc.
             12.2.1 Business Overview
             12.2.2 Company Snapshot
             12.2.3 Product Portfolio
             12.2.4 Key Strategy
             12.2.5 Recent Developments
     12.3 Esaote S.P.A
             12.3.1 Business Overview
             12.3.2 Company Snapshot
             12.3.3 Product Portfolio
             12.3.4 Key Strategy
             12.3.5 Recent Developments
     12.4 Fonar Corporation
             12.4.1 Business Overview
             12.4.2 Product Portfolio
     the Company Offers the Following Products:
             12.4.3 Key Strategy
             12.4.4 Recent Developments
     12.5 GE Healthcare
             12.5.1 Business Overview
             12.5.2 Company Snapshot
             12.5.3 Product Portfolio
             12.5.4 Services
             12.5.5 Recent Developments
             12.5.6 MnM View
     12.6 Hitachi Medical Corporation
             12.6.1 Business Overview
             12.6.2 Product Portfolio
             12.6.3 Key Strategy
             12.6.4 Recent Developments
             12.6.5 MnM View
     12.7 IMRIS, Inc.
             12.7.1 Business Overview
             12.7.2 Product Portfolio
             12.7.3 Key Strategy
             12.7.4 Recent Developments
     12.8 Neusoft Medical Systems Co., Ltd. (Neusoft Medical)
             12.8.1 Business Overview
             12.8.2 Products & Services
             12.8.3 Key Strategy
             12.8.4 Recent Developments
     12.9 Philips Healthcare
             12.9.1 Business Overview
             12.9.2 Philips Healthcare: Company Snapshot
             12.9.3 Product Portfolio
             12.9.4 Recent Developments
             12.9.5 MnM View
     12.1 Siemens Healthcare
             12.10.1 Business Overview
             12.10.2 Company Snapshot
             12.10.3 Product Portfolio
             12.10.4 Recent Developments
             12.10.5 MnM View
     12.11 Toshiba Medical Systems Corporation (Part of Toshiba Corporation)
             12.11.1 Business Overview
             12.11.2 Products & Services
             12.11.3 Key Strategy
             12.11.4 Recent Developments
             12.11.5 MnM View

13 Appendix (Page No. - 197)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Other Developments
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.1 Related Reports


List of Tables (192 Tables)

Table 1 Commercially Available MRI Sytems
Table 2 Technological Advancements and Aging Population to Drive Market Growth
Table 3 High Costs of MRI Systems and Reimbursement Cuts to Hinder Market Growth
Table 4 Emerging Markets Offer New Growth Avenues for Market Players
Table 5 Lack of Trained Workforce and Changing Healthcare Reforms Constraining the Growth of MRI Market
Table 6 Regulatory Landscape Analysis, By Country
Table 7 Global MRI Systems Market Size, By Architecture, 2013–2020 ($Million)
Table 8 Global Market, By Architecture, 2013–2020 (No. of Installations)
Table 9 Closed Magnetic Resonance Imaging System Market Size, By Region,2013-2020 ($Million)
Table 10 Closed Magnetic Resonance Imaging System Market, By Region, 2013-2020 (No. of Installations)
Table 11 North America: Closed Market Size, By Country, 2013-2020 ($Million)
Table 12 Europe: Closed Market Size, By Country/Region, 2013-2020 ($Million)
Table 13 Asia: Closed Market Size, By Country/Region, 2013-2020 ($Million)
Table 14 ROW: Closed Market Size, By Country/Region, 2013-2020 ($Million)
Table 15 Open Magnetic Resonance Imaging System Market Size, By Region,2013-2020 ($Million)
Table 16 Open Magnetic Resonance Imaging System Market, By Region, 2013–2020 (No. of Installations)
Table 17 North America: Open Market Size, By Country, 2013-2020 ($Million)
Table 18 Europe: Open Market Size, By Country/Region, 2013-2020 ($Million)
Table 19 Asia: Open Magnetic Resonance Imaging System Market Size, By Country/Region, 2013-2020 ($Million)
Table 20 ROW: Open Magnetic Resonance Imaging System Market Size, By Country, 2013-2020 ($Million)
Table 21 Magnetic Resonance Imaging System Market Size, By Field Strength, 2013–2020 ($Million)
Table 22 Magnetic Resonance Imaging System Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 23 Low-To-Mid-Field Magnetic Resonance Imaging System Market Size, By Region, 2013–2020 ($Million)
Table 24 Low-To-Mid-Field Market Size, By Region, 2013–2020 (No. of Installations)
Table 25 North America: Low-To-Mid-Field Market Size, By Country, 2013-2020 ($Million)
Table 26 Europe: Low-To-Mid Field Market Size, By Country, 2013-2020 ($Million)
Table 27 Asia: Low-To-Mid Field Market Size, By Country, 2013-2020 ($Million)
Table 28 ROW: Low-To-Mid-Field Market Size, By Country, 2013-2020 ($Million)
Table 29 High-Field Magnetic Resonance Imaging System Market Size, By Region, 2013–2020 ($Million)
Table 30 High-Field Market Size, By Region, 2013–2020 (No. of Installations)
Table 31 North America: High-Field Market Size, By Country, 2013-2020 ($Million)
Table 32 Europe: High-Field Magnetic Resonance Imaging System Market Size, By Country, 2013-2020 ($Million)
Table 33 Asia: High-Field Magnetic Resonance Imaging System Market Size, By Country, 2013-2020 ($Million)
Table 34 ROW: High-Field Magnetic Resonance Imaging System Market Size, By Country, 2013-2020 ($Million)
Table 35 Very-High-Field Magnetic Resonance Imaging System Market Size, By Region, 2012–2019 ($Million)
Table 36 Very-High-Field Market Size, By Region, 2013–2020 (No. of Installations)
Table 37 North America: Very-High-Field Market Size, By Country, 2013-2020 ($Million)
Table 38 Europe: Very-High-Field Market Size, By Country, 2013-2020 ($Million)
Table 39 Asia: Very-High-Field Magnetic Resonance Imaging System Market Size, By Country, 2013-2020 ($Million)
Table 40 ROW: Very-High-Field Magnetic Resonance Imaging System Market Size, By Country, 2013-2020 ($Million)
Table 41 Magnetic Resonance Imaging System Market Size, By Application, 2013–2020 ($Million)
Table 42 Brain and Neurological MRI Market Size, By Region, 2013–2020 ($Million)
Table 43 North America: Brain and Neurological MRI Market Size, By Country, 2013–2020 ($Million)
Table 44 Europe: Brain and Neurological MRI Market Size, By Country, 2013–2020 ($Million)
Table 45 Asia: Brain and Neurological MRI Market Size, By Country, 2013–2020 ($Million)
Table 46 ROW: Brain and Neurological MRI Market Size, By Country, 2013–2020 ($Million)
Table 47 Spine & Musculoskeletal MRI Market Size, By Region, 2013–2020 ($Million)
Table 48 North America: Spine & Musculoskeletal MRI Market Size, By Country, 2013–2020 ($Million)
Table 49 Europe: Spine & Musculoskeletal MRI Market Size, By Country, 2013–2020 ($Million)
Table 50 Asia: Spine & Musculoskeletal MRI Market Size, By Country, 2013–2020 ($Million)
Table 51 ROW: Spine & Musculoskeletal MRI Market Size, By Country, 2013–2020 ($Million)
Table 52 Vascular MRI Magnetic Resonance Imaging System Market Size, By Region, 2013–2020 ($Million)
Table 53 North America: Vascular MRI Market Size, By Country, 2013–2020 ($Million)
Table 54 Europe: Vascular MRI Market Size, By Country, 2013–2020 ($Million)
Table 55 Asia: Vascular MRI Market Size, By Country, 2013–2020 ($Million)
Table 56 ROW: Vascular MRI Market Size, By Country, 2013–2020 ($Million)
Table 57 Pelvic and Abdominal MRI Market Size, By Region, 2013–2020 ($Million)
Table 58 North America: Pelvic and Abdominal MRI Market Size, By Country, 2013–2020 ($Million)
Table 59 Europe: Pelvic and Abdominal MRI Market Size, By Country, 2013–2020 ($Million)
Table 60 Asia: Pelvic and Abdominal MRI Market Size, By Country, 2013–2020 ($Million)
Table 61 ROW: Pelvic and Abdominal MRI Market Size, By Country, 2013–2020 ($Million)
Table 62 Breast MRI Magnetic Resonance Imaging System Market Size, By Region, 2013–2020 ($Million)
Table 63 North America: Breast MRI Market Size, By Country, 2013–2020 ($Million)
Table 64 Europe: Breast MRI Market Size, By Country, 2013–2020 ($Million)
Table 65 Asia: Breast MRI Market Size, By Country, 2013–2020 ($Million)
Table 66 ROW: Breast MRI Market Size, By Country, 2013–2020 ($Million)
Table 67 Cardiac MRI Market Size, By Region, 2013–2020 ($Million)
Table 68 North America: Cardiac MRI Market Size, By Country, 2013–2020 ($Million)
Table 69 Europe: Cardiac MRI Market Size, By Country, 2013–2020 ($Million)
Table 70 Asia: Cardiac MRI Market Size, By Country, 2013–2020 ($Million)
Table 71 ROW: Cardiac MRI Market Size, By Country, 2013–2020 ($Million)
Table 72 Magnetic Resonance Imaging System market Size,By Region, 2013–2020 ($Million)
Table 73 North America: Magnetic Resonance Imaging System Market Size, By Country, 2013–2020 ($Million)
Table 74 North America: Magnetic Resonance Imaging System Market Size, By Country, 2013–2020 (No. of Installations)
Table 75 North America: Magnetic Resonance Imaging System Market Size, By Architecture, 2013–2020 ($Million)
Table 76 North America: Magnetic Resonance Imaging System Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 77 North America: Magnetic Resonance Imaging System Market Size, By Field Strength, 2013–2020 ($Million)
Table 78 North America: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 79 North America: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 80 North America: Magnetic Resonance Imaging System Market Size, By Application, 2013–2020 ($Million)
Table 81 U.S.: Magnetic Resonance Imaging System Market Size, By Architecture, 2013–2020 ($Million)
Table 82 U.S.: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 83 U.S.: Market Size, By Field Strength, 2013–2020 ($Million)
Table 84 U.S.: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 85 U.S.: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 86 U.S.: Magnetic Resonance Imaging System Market Size, By Application, 2013–2020 ($Million)
Table 87 Canada: Magnetic Resonance Imaging System Market Size, By Architecture, 2013–2020 ($Million)
Table 88 Canada: Magnetic Resonance Imaging System Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 89 Canada: Magnetic Resonance Imaging System Market Size, By Field Strength, 2013–2020 ($Million)
Table 90 Canada: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 91 Canada: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 92 Canada: Magnetic Resonance Imaging System Market Size, By Application, 2013–2020 ($Million)
Table 93 Europe: Magnetic Resonance Imaging System Market Size, By Country, 2013–2020 ($Million)
Table 94 Europe: Magnetic Resonance Imaging System Market Size, By Country, 2013–2020 (No. of Installations)
Table 95 Europe: Magnetic Resonance Imaging System Market Size, By Architecture, 2013–2020 ($Million)
Table 96 Europe: Magnetic Resonance Imaging System Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 97 Europe: Magnetic Resonance Imaging System Market Size, By Field Strength, 2013–2020 ($Million)
Table 98 Europe: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 99 Europe: Closed MRI Systems Market, By Field Strength, 2013–2020 (No. of Installations)
Table 100 Europe: Market Size, By Application, 2013–2020 ($Million)
Table 101 Germany: Market Size, By Architecture, 2013–2020 ($Million)
Table 102 Germany: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 103 Germany: Market Size, By Field Strength, 2013–2020 ($Million)
Table 104 Germany: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 105 Germany: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 106 Germany: Market Size, By Application, 2013–2020 ($Million)
Table 107 France: Market Size, By Architecture, 2013–2020 ($Million)
Table 108 France: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 109 France: Market Size, By Field Strength, 2013–2020 ($Million)
Table 110 France: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 111 France: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 112 France: Market Size, By Application, 2013–2020 ($Million)
Table 113 U.K.: Market Size, By Architecture, 2013–2020 ($Million)
Table 114 U.K.: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 115 U.K.: Market Size, By Field Strength, 2013–2020 ($Million)
Table 116 U.K.: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 117 U.K.: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 118 U.K.: Market Size, By Application, 2013–2020 ($Million)
Table 119 Italy: Market Size, By Architecture, 2013–2020 ($Million)
Table 120 Italy: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 121 Italy: Market Size, By Field Strength, 2013–2020 ($Million)
Table 122 Italy: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 123 Italy: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 124 Italy: Market Size, By Application, 2013–2020 ($Million)
Table 125 Spain: Market Size, By Architecture, 2013–2020 ($Million)
Table 126 Spain: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 127 Spain: Market Size, By Field Strength, 2013–2020 ($Million)
Table 128 Spain: Open Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 129 Spain: Closed Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 130 Spain: Market Size, By Application, 2013–2020 ($Million)
Table 131 ROE: Market Size, By Architecture, 2013–2020 ($Million)
Table 132 ROE: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 133 ROE: Market Size, By Field Strength, 2013–2020 ($Million)
Table 134 ROE: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 135 ROE: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 136 ROE: Market Size, By Application, 2013–2020 ($Million)
Table 137 Asia: Market Size, By Country, 2013–2020 ($Million)
Table 138 Asia: Market Size, By Country, 2013–2020 (No. of Installations)
Table 139 Asia: Market Size, By Architecture, 2013–2020 ($Million)
Table 140 Asia: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 141 Asia: Market Size, By Field Strength, 2013–2020 ($Million)
Table 142 Asia: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 143 Asia: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 144 Asia: Market Size, By Application, 2013–2020 ($Million)
Table 145 China: Market Size, By Architecture, 2013–2020 ($Million)
Table 146 China: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 147 China: Market Size, By Field Strength, 2013–2020 ($Million)
Table 148 China: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 149 China: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 150 China: Market Size, By Application, 2013–2020 ($Million)
Table 151 India: Market Size, By Architecture, 2013–2020 ($Million)
Table 152 India: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 153 India: Market Size, By Field Strength, 2013–2020 ($Million)
Table 154 India: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 155 India: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 156 India: Market Size, By Application, 2013–2020 ($Million)
Table 157 Japan: Market Size, By Architecture, 2013–2020 ($Million)
Table 158 Japan: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 159 Japan: Market Size, By Field Strength, 2013–2020 ($Million)
Table 160 Japan: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 161 Japan: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 162 Japan: Market Size, By Application, 2013–2020 ($Million)
Table 163 ROA: Market Size, By Architecture, 2013–2020 ($Million)
Table 164 ROA: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 165 ROA: Market Size, By Field Strength, 2013–2020 ($Million)
Table 166 ROA: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 167 ROA: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 168 ROA: Market Size, By Application, 2013–2020 ($Million)
Table 169 ROW: Market Size, By Country, 2013–2020 ($Million)
Table 170 ROW: Market Size, By Country, 2013–2020 (No. of Installations)
Table 171 ROW: Market Size, By Architecture, 2013–2020 ($Million)
Table 172 ROW: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 173 ROW: Market Size, By Field Strength, 2013–2020 ($Million)
Table 174 ROW: Open MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 175 ROW: Closed MRI Systems Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 176 ROW: Market Size, By Application, 2013–2020 ($Million)
Table 177 Brazil: Market Size, By Architecture, 2013–2020 ($Million)
Table 178 Brazil: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 179 Brazil: Market Size, By Field Strength, 2013–2020 ($Million)
Table 180 Brazil: Open Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 181 Brazil: Closed Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 182 Brazil: Market Size, By Application, 2013–2020 ($Million)
Table 183 Other Countries: Market Size, By Architecture, 2013–2020 ($Million)
Table 184 Other Countries: Market Size, By Architecture, 2013–2020 (No. of Installations)
Table 185 Other Countries: Market Size, By Field Strength, 2013–2020 ($Million)
Table 186 Other Countries: Open Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 187 Other Countries: Closed Market Size, By Field Strength, 2013–2020 (No. of Installations)
Table 188 Other Countries: Market Size, By Application, 2013–2020 ($Million)
Table 189 New Product Launches, 2012–2015
Table 190 Agreements, Partnerships, and Collaborations, 2012–2015
Table 191 Expansions, 2012–2015
Table 192 Other Developments, 2012–2015
 
 
List of Figures (56 Figures)
 
Figure 1 Research Methodology
Figure 2 Market Size Estimation
Figure 3 Break Down of Primary Interviews: By Company Type, Designation, and Region
Figure 4 Market Data Triangulation Methodology
Figure 5 Closed MRI Systems to Dominate the MRI Systems Market During the Forecast Period
Figure 6 Global MRI Systems Market, By Application, 2014
Figure 7 High-Field MRI Accounted for the Largest Share of the MRI Systems Market in 2014
Figure 8 Geographical Snapshot: North America Dominated the MRI Systems Market in 2014
Figure 9 Technological Advancements and Rising Aging Population to Drive Market Growth
Figure 10 Brain & Neurological MRI Accounted for the Largest Share in 2014
Figure 11 Asia-Pacific to Grow at the Highest Rate During the Forecast Period
Figure 12 High-Field (1.5t) Segment Dominated the MRI Systems Applications Market in 2014
Figure 13 Closed MRI Systems Will Continue to Dominate the MRI Systems Market in the Coming Years
Figure 14 Asia Showcases Lucrative Growth Opportunities
Figure 15 Open MRI and High-Field MRI to Play A Crucial Role in the Growth of MRI Industry
Figure 16 Technological Advancements to Boost MRI Systems Market Growth
Figure 17 MRI Regulatory Landscape
Figure 18 Value Chain Analysis (2014): A Majority of the Value is Added During the Manufacturing and Assembly Phase
Figure 19 Replacements Are the Leading Industry Trend in the MRI Systems Market
Figure 20 Market Players Adopted the Organic Growth Strategy of New Product Launches
Figure 21 Closed MRI Systems Accounted for the Largest Share of the Overall MRI Systems Market, By Architecture, in 2014
Figure 22 Asia to Witness the Highest Growth in the Closed MRI Systems Market in Next Five Years
Figure 23 North America Accounted for the Largest Share in the Open MRI Systems Market in 2014
Figure 24 High-Field MRI Systems Will Continue to Dominate the Market in the Forecast Period
Figure 25 North America Accounted for the Largest Market Share of Low-To-Mid-Field MRI Systems
Figure 26 Asia to Witness Highest Growth in the High-Field MRI Systems Market
Figure 27 Asia Expected to Dominate the Very-High-Field MRI Systems Market in 2020
Figure 28 Spine and Musculoskeletal MRI Segment to Dominate the MRI Applications Market in the Forecast Period
Figure 29 Brain and Neurological MRI Market to Witness the Highest Growth in Asia During the Forecast Period
Figure 30 The Spine & Musculoskeletal Market in Asia is Expected to Grow at the Highest CAGR From 2015 to 2020
Figure 31 Vascular MRI Market to Witness the Highest Growth Rate in Asia
Figure 32 North America Dominated the Pelvic and Abdominal MRI Market in 2014
Figure 33 Breast MRI to Witness the Highest Growth Rate in the Asian MRI Systems Market
Figure 34 North America Accounted for the Largest Share of the Cardiac MRI Market in 2014
Figure 35 MRI Systems Market : Technology Adoption & Development Potential, By Region
Figure 36 Asia-Pacific Will Be the Fastest-Growing Region By 2020
Figure 37 Asia, an Attractive Destination for All MRI Applications
Figure 38 Demand for MRI Systems Will Be Driven By the Aging Population and Technology Advancements
Figure 39 Demand for MRI Systems Will Be Driven By the Increasing Need of Technologically Advanced Systems
Figure 40 Germany Will Continue to Dominate the European MRI Systems Market in the Next Five Years
Figure 41 High-Field MRI is Expected to Grow at the Fastest Rate From 2015 to 2020
Figure 42 Brain & Neurological MRI Accounted for the Largest Share of the Germany MRI Systems Application Market in 2014
Figure 43 Asian MRI Systems Market Snapshot: Demand for MRI Systems Will Be Driven By the Growth in Aging Population
Figure 44 High-Field MRI Segment to Witness the Highest Growth in the ROW Region
Figure 45 Companies Adopted New Product Launches as A Key Growth Strategy Over the Last Three Years
Figure 46 Global MRI Systems Market Share, By Key Player, 2014
Figure 47 Geographic Revenue Mix of Top 5 Market Players
Figure 48 Aurora Imaging Technology, Inc. : Business Overview
Figure 49 Esaote: Business Overview
Figure 50 Fonar Corporation: Company Snapshot
Figure 51 GE Healthcare: Business Overview
Figure 52 Hitachi Medical Corporation: Company Snapshot
Figure 53 IMRIS, Inc.: Company Snapshot
Figure 54 Neusoft Medical Systems Co. Ltd.: Company Snapshot
Figure 55 Siemens Healthcare: Business Overview
Figure 56 Toshiba Medical Systems Corporation: Company Snapshot

The magnetic resonance imaging system market is expected to grow at a single-digit CAGR of 5.0% to reach $6,802.7 million by 2020 from $5,093.0 million in 2014. Major factors propelling market growth are the rising aging population, rising awareness about early diagnosis, and technological advancements such as superconducting (SC) magnets, open architecture, high-field MRI, and software applications. However, high cost of this system, declining reimbursement rates for MRI procedures, and shortage of helium gas deposits are restricting the growth of this market.

On the basis of architecture, the market is broadly segmented into closed and open magnetic resonance imaging system. On the basis of field strength, the market is segmented into low-to-mid-field MRI, high-field MRI, very-high-filed MRI, and ultra-high-filed MRI. In 2014, the high-field MRI segment accounted for the largest share of the market.

On the basis of applications, the magnetic resonance imaging system market is segmented into spine and musculoskeletal MRI, brain and neurology MRI, vascular MRI, pelvic and abdominal MRI, breast MRI, and cardiac MRI. Brain and neurology MRI is the fastest-growing segment of the market owing to the rising aging population and rising awareness about early diagnosis.

Geographically, this market is dominated by North America, followed by Asia. Asia is expected to be the fastest-growing region during the forecast period.

Key players operating in the magnetic resonance imaging system market are GE Healthcare (U.K.), Hitachi Medical Corporation (Japan), Philips Healthcare (Netherlands), Siemens Healthcare (Germany), and Toshiba Medical Systems (Japan).

MRI Systems Market Scenario, by Field Strength, 2014

Magnetic Resonance Imaging (MRI) Systems Market

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