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  • MarketsandMarkets http://www.marketresearch.com/MarketsandMarkets-v3719/

    Publisher Sample

    Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am - 6:30pm EST

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    http://www.marketresearch.com/MarketsandMarkets-v3719/

  • I t s a ll a b o u t m a rke ts

    MARKETSANDMARKETS

    sales@marketsandmarkets.com

    www.marketsandmarkets.com

    MAGNETIC RESONANCE IMAGING (MRI)

    MARKET

    BY ARCHITECTURE (OPEN MRI, CLOSED MRI), FIELD

    STRENGTH (LOW-TO-MID FIELD, HIGH FILED, VERY HIGH

    FIELD, ULTRA-HIGH FIELD) & APPLICATIONS (BRAIN, SPINE,

    CARDIAC, BREAST, ABDOMINAL)

    GLOBAL FORECAST TO 2020

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    Magnetic Resonance Imaging (MRI) Market Global Forecast to 2020

    MarketsandMarkets Sample Pages

    MarketsandMarkets is a global market research and consulting company based in the U.S. We publish

    strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500

    companies across the world. MarketsandMarkets also provides multi-client reports, company profiles,

    databases, and custom research services.

    MarketsandMarkets covers fourteen industry verticals, including aerospace and defence, advanced

    materials, automotives and transportation, biotechnology, chemicals, consumer goods, energy and power,

    food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and

    electronics, and telecommunications and IT.

    Copyright 2015 MarketsandMarkets

    All Rights Reserved. This document contains highly confidential information and is the sole property of

    MarketsandMarkets. No part of it may be circulated, copied, quoted, or otherwise reproduced without the

    approval of MarketsandMarkets.

  • 3

    Magnetic Resonance Imaging (MRI) Market Global Forecast to 2020

    MarketsandMarkets Sample Pages

    1 INTRODUCTION

    1.1 MARKET DEFINITION

    MRI is an imaging technique designed to visualize the internal structures of a human body using magnetic

    and electromagnetic fields which induce a resonance effect of hydrogen atoms. The electromagnetic

    emission created by these atoms is registered and processed by a dedicated computer to produce the

    images of the body structures (source: OECD).

    1.2 MARKET SCOPE

    MAGNETIC RESONANCE IMAGING

    (MRI) SYSTEMS MARKET

    Low-to-mid-field MRI

    High-field MRI

    Brain and Neurology MRI

    APPLICATION

    Very-high-field MRI

    Spine and

    Musculoskeletal MRI

    Vascular MRI

    FIELD STRENGTHARCHITECTURE

    Closed MRI

    Open MRI

    North America

    REGION

    Europe

    Asia

    Rest of the WorldPelvic and Abdominal MRI

    Breast MRI

    Cardiac MRI

    Ultra-high-field MRI

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    Magnetic Resonance Imaging (MRI) Market Global Forecast to 2020

    MarketsandMarkets Sample Pages

    2 RESEARCH METHODOLOGY

    The research study involved the usage of extensive secondary sources, directories, and databases such as

    Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for

    this technical, market-oriented, and commercial study of the global MRI systems market. The primary

    sources are mainly several industry experts from core and related industries and preferred suppliers,

    manufacturers, distributors, service providers, reimbursement providers, technology developers, doctors,

    alliances, standards and certification organizations from companies, and organizations related to all the

    segments of this industrys value chain. In-depth interviews were conducted from various primary

    respondents, which include key industry participants, subject-matter experts (SMEs), C-level executives of

    key market players, and industry consultants, to obtain and verify critical qualitative and quantitative

    information as well as to assess future prospects. The following illustrative figure shows the market

    research methodology applied in making this report on the global MRI systems market.

    FIGURE 1 RESEARCH METHODOLOGY

    In the secondary research process, various secondary sources were referred to identify and collect

    information for this study. Secondary sources include annual reports, press releases and investor

    presentations of companies, white papers, medical journals, certified publications, articles from recognized

    authors, gold standard and silver standard websites, disease-specific organizations, directories, and

    databases.

    HISTORICAL DATA

    FOR THE MRI SYSTEMS

    MARKETCompetitive Landscape

    Regulatory Landscape

    Geographic Usage Pattern

    INFLUENCING FACTORS (Market Trends and Dynamics)

    Market Drivers:

    Technological advancements

    Aging population

    Rising awareness about the

    benefits of early diagnosis

    Burning Issues:

    Replacement of low-field

    MRI systems with high-field

    MRI systems

    Market Restraints:

    Shortage of Helium gas

    deposits

    Declining reimbursement

    rates

    Industry Trends:

    Advent of hybrid MRI systems

    Replacement of old MRI

    systems with advanced versions

    Market Opportunities:

    Emerging markets

    New application areas

    Multi-modality MRI systems

    Challenges:

    Dearth of skilled technicians

    Uncertain outcomes of the

    changing healthcare reforms

    New Product Launches: More than 15 new product launches in the last three years

    FORECAST

    Historical Data of the

    Market

    Impact Analysis of

    Market Trends

    Market Size & Forecast, by Architecture

    Market Size & Forecast, by Field Strength

    Market Size & Forecast, by Application

    Arrive at the Market Size,

    Share, and CAGR for the

    MRI Systems Market

    Porters Five Force

    Analysis

    Reimbursement Scenario

    MRI Product Value Chain

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    Magnetic Resonance Imaging (MRI) Market Global Forecast to 2020

    MarketsandMarkets Sample Pages

    3 EXECUTIVE SUMMARY

    The global healthcare industry is witnessing an inclination toward noninvasive and non-ionizing diagnostic

    procedures which not only cure serious illnesses but also have negligible side effects as compared to other

    diagnostic procedures. Magnetic resonance imaging (MRI) is a noninvasive medical imaging technique that

    has the potential to revolutionize medical diagnostics in healthcare.

    The MRI technique provides detailed information on clinically relevant images of an organism, both

    anatomically and functionally, without the use of ionizing radiation. MRI uses powerful radio waves, a

    rapidly changing magnetic field, and computerized systems to develop and produce images that enable

    physicians to undertake effective investigation of pathological and physiological changes in the affected

    tissues of a patient. This functionality and excellent safety profile of MRI systems makes them

    indispensable for the detection and assessment of chronic diseases. The global MRI systems market is

    expected to reach $XX million by 2020 from $XX million in 2014, at a CAGR of XX from 2015 to 2020.

    Factors such as rapid technological advancements coupled with the introduction of MRI-compatible

    pacemakers and digital broadband scanners are driving the growth of this market. In addition, the growing

    population in developing nations and the rapidly aging population in developed countries are driving the

    growth of the MRI systems market from the demand side. The use of MRI technology is expected to

    increase globally owing to its significance in early medical diagnosis for diseases such as dementia, breast

    cancer, prostate cancer, Alzheimers disease, and multiple sclerosis. Furthermore, the emerging markets

    of China, India, Brazil, Australia, and Middle East and the new application areas such as the use of MRI in

    early diagnosis of diseases such as multiple sclerosis (MS), breast cancer, spinal tuberculosis, and

    Alzheimers disease present significant growth opportunities for the market players. In addition, the

    growing demand for hybrid imaging modalities such as PET-MRI, SPECT-MRI, and MRI-Ultrasound

    significantly increase survival rates through early diagnosis and therapy of rare diseases. The replacement

    of low-to-mid-field MRI systems with high- and very-high-filed MRI scanners is the upcoming trend in this

    market. However, high cost of MRI systems, declining reimbursement rates for MRI exams, and shortage of

    Helium gas supplies are restricting the growth of the MRI systems market.

    FIGURE 2 CLOSED MRI SYSTEMS TO DOMINATE THE MRI SYSTEMS MARKET DURING THE

    FORECAST PERIOD

    Source: Annual Reports, Press Releases, SEC Filings, Investor Presentations, OECD, ISMRM, ESMRMB, Journal of Magnetic

    Resonance Imaging, Journal of Cardiovascular Magnetic Resonance, Expert Interviews, and MarketsandMarkets Analysis

    XX XXXX XX -

    1,000.0

    2,000.0

    3,000.0

    4,000.0

    5,000.0

    6,000.0

    7,000.0

    Closed MRI Systems Open MRI Systems

    2014 2020 CAGR% (20152020)

    XX%

    XX%

    Market Size

    ($Million)

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    Magnetic Resonance Imaging (MRI) Market Global Forecast to 2020

    MarketsandMarkets Sample Pages