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Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets

Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets

The global market for MRI systems reached $5.8 billion in 2015. The market should reach nearly $6.1 billion and $8.0 billion in 2016 and 2021 respectively, growing at a compound annual growth rate (CAGR) of 5.7% from 2016 to 2021.

This report provides:
An overview of the global markets and technologies for medical magnetic resonance imaging (MRI).
Analyses of market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.
Descriptions of the trends and developments for each type of MRI technology and how each is meant to satisfy the needs of customers.
Identification of highly competitive MRI industries and their position in the overall imaging market.
A look at macro trends that benefit the MRI market, which include:
A globally aging population.
Continued global urbanization.
Prevalence of major diseases such as heart disease, cancer and diabetes.
Expanding access to health-care products and services, particularly in rural areas and for younger populations.
Examination of the MRI business in terms of specific companies and their position in the market.
Profiles of major players in the industy.


SCOPE OF REPORT

The report includes only those devices and products that are listed above. It segments the global market and the products market only by four regions as listed above. The scope of the report includes and covers the following:
Key market segment analysis.
Market dynamics (drivers and restraints). 
Market estimation for the forecast period of 2016 through 2021.
Competitive developments and landscape.
Regional analysis.
Profiles of key market players.
Patents.

CHAPTER 1 INTRODUCTION
STUDY GOALS AND OBJECTIVES
REASONS FOR DOING THE STUDY
SCOPE OF REPORT
INTENDED AUDIENCE
INFORMATION SOURCES AND METHODOLOGY
ANALYST'S CREDENTIALS
RELATED BCC REPORTS
BCC RESEARCH WEBSITE
DISCLAIMER
CHAPTER 2 SUMMARY
SUMMARY TABLE GLOBAL MARKET FOR MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
SUMMARY FIGURE GLOBAL MARKET FOR MRI SYSTEMS BY REGION, 2015-2021 ($ MILLIONS)
CHAPTER 3 OVERVIEW
THE MAGNET
SHIM COILS
GRADIENT COILS
RADIO-FREQUENCY EQUIPMENT
DIGITAL COMPUTER
CONTRAST AGENTS
MRI PROCESS
USES OF MRI
MRI MARKET EVOLUTION
BENEFITS OF MRI VERSUS COMPUTED TOMOGRAPHY AND OTHER
ALTERNATIVE TECHNOLOGIES
GLOBAL MRI SYSTEMS MARKET OVERVIEW
FIGURE 1 GLOBAL MARKET SHARE OF MRI SYSTEMS BY FIELD STRENGTH, 2016 (%)
FIGURE 2 GLOBAL MARKET SHARE OF MRI SYSTEMS BY STRUCTURE/ARCHITECTURE, 2016 (%)
FIGURE 3 GLOBAL MARKET SHARE OF MRI SYSTEMS BY APPLICATION, 2016 (%)
MARKET DRIVERS
TABLE 1 IMPACT OF DRIVERS ON MRI MARKET, 2016-2021
GROWING AGING POPULATION
TABLE 2 GLOBAL ABOVE-60 POPULATION BY REGION, 2010-2030 (THOUSANDS)
TABLE 3 GLOBAL ABOVE-60 POPULATION AS A PERCENTAGE OF TOTAL
POPULATION BY REGION, 2010-2030
RISING PREVALENCE OF DISEASES WORLDWIDE
CONTINUOUS PRODUCT AND TECHNOLOGY DEVELOPMENT
HUGE OPPORTUNITY FROM PRODUCT REPLACEMENT AND NEW SALES
INCREASING PENETRATION IN DEVELOPING AND EMERGING NATIONS
MARKET RESTRAINTS
TABLE 4 IMPACT OF RESTRAINTS ON MRI SYSTEMS MARKET, 2016-2021
HIGH COST OF MRI SYSTEMS
REGULATORY AND REIMBURSEMENT ISSUES
DEPLETING HELIUM GAS DEPOSITS
OTHER RESTRAINTS
MARKET TRENDS
COMPETITIVE LANDSCAPE
MARKET SHARES
TABLE 5 GLOBAL MARKET SHARE OF MANUFACTURERS/SUPPLIERS OF MRI SYSTEMS, 2015 (%)
MARKET ENTRY BARRIERS
TABLE 6 LEVEL OF THREAT TO MARKET ENTRY FROM KEY MARKET-
SHAPING PARAMETERS
PATENT ANALYSIS
FIGURE 4 PATENT ANALYSIS BY U.S AND OTHER REGIONS, 2014 TO MID-2016 (%)
CHAPTER 4 MRI SYSTEMS BY STRUCTURE/ARCHITECTURE
INTRODUCTION
MRI SYSTEMS REVENUE ANALYSIS BY STRUCTURE/ARCHITECTURE, TYPE, AND REGION
TABLE 7 GLOBAL MARKET FOR MRI SYSTEMS BY STRUCTURE/
ARCHITECTURE, THROUGH 2021 ($ MILLIONS)
TABLE 8 GLOBAL MARKET FOR MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
CLOSED MRI SYSTEMS MARKET
MARKET ANALYSIS
Key Features and Benefits of Closed MRI Systems
MARKET OVERVIEW AND INSIGHTS
MARKET OF MRI CLOSED SYSTEMS BY TYPE AND REGION
TABLE 9 GLOBAL MARKET FOR CLOSED MRI SYSTEMS BY TYPE, THROUGH 2021 ($ MILLIONS)
TABLE 10 GLOBAL MARKET FOR CLOSED MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
TRADITIONAL NARROW-BORE MRI
TABLE 11 GLOBAL MARKET FOR CLOSED NARROW-BORE MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
WIDE-BORE MRI SYSTEMS
TABLE 12 GLOBAL MARKET FOR CLOSED WIDE-BORE MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
FULLY OPEN MRI SCANNERS
MARKET OVERVIEW AND INSIGHTS
TABLE 13 GLOBAL MARKET FOR FULLY OPEN MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
EXTREMITY AND DEDICATED MRI
TABLE 14 GLOBAL MARKET FOR EXTREMITY/DEDICATED MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
CHAPTER 5 MRI SYSTEMS BY FIELD STRENGTH
INTRODUCTION
GLOBAL MRI MARKET REVENUE ANALYSIS BY FIELD STRENGTH AND REGION
TABLE 15 GLOBAL MARKET FOR MRI SYSTEMS BY FIELD STRENGTH, THROUGH 2021 ($ MILLIONS)
LOW-TO-MEDIUM-FIELD MRI SYSTEMS (0.5 T TO LESS THAN 1.5 T)
MARKET ANALYSIS AND INSIGHTS
TABLE 16 GLOBAL MARKET FOR LOW-TO-MEDIUM-FIELD (< 1.5 T) MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
HIGH-FIELD MRI SYSTEMS (1.5 T)
MARKET ANALYSIS AND INSIGHTS
TABLE 17 GLOBAL MARKET FOR HIGH-FIELD (1.5 T) MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
VERY-HIGH-FIELD SYSTEMS (3 T)
BENEFITS OF VERY-HIGH-FIELD SYSTEMS
MARKET ANALYSIS AND INSIGHTS
TABLE 18 GLOBAL MARKET FOR VERY-HIGH-FIELD (3.0 T) MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
ULTRAHIGH-FIELD SYSTEMS (> 3 T)
MARKET ANALYSIS AND INSIGHTS
TABLE 19 GLOBAL MARKET FOR ULTRAHIGH-FIELD (> 3 T) MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
CHAPTER 6 MRI SYSTEMS BY APPLICATION
TABLE 20 GLOBAL MARKET FOR MRI SYSTEMS BY TYPE OF APPLICATION, THROUGH 2021 ($ MILLIONS)
NEUROLOGY
TABLE 21 GLOBAL NEUROLOGY MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
TABLE 22 GLOBAL NEUROLOGY MRI MARKET BY TYPE, THROUGH 2021 ($ MILLIONS)
TABLE 23 GLOBAL BRAIN MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
TABLE 24 GLOBAL SPINE MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
BRAIN MRI
Market Analysis
SPINE MRI
Market Analysis
INTRAOPERATIVE MRI (IOMRI) - A PROMISING TOOL FOR NEUROLOGY
MARKET ANALYSIS
HEAD AND NECK MRI
MARKET ANALYSIS
TABLE 25 GLOBAL HEAD AND NECK MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
EXTREMITIES AND MUSCULOSKELETAL (MSK) MRI
MARKET ANALYSIS
TABLE 26 GLOBAL EXTREMITIES/MUSCULOSKELETAL MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
ABDOMINAL AND PELVIC MRI
MARKET ANALYSIS
TABLE 27 GLOBAL ABDOMINAL AND PELVIC MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
WHOLE-BODY MRI
TABLE 28 GLOBAL WHOLE-BODY MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
VASCULAR AND CARDIAC MRI
TABLE 29 GLOBAL VASCULAR AND CARDIAC MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
OTHER MRI APPLICATIONS
CHEST/LUNGS MRI
FETAL/PREGNANCY MRI
BREAST MRI
TABLE 30 GLOBAL MARKET FOR OTHER MRI APPLICATIONS BY REGION, THROUGH 2021 ($ MILLIONS)
CHAPTER 7 MRI SYSTEMS BY TECHNIQUE
TABLE 31 GLOBAL MARKET FOR MRI TECHNIQUES BY TYPE, THROUGH 2021 ($ MILLIONS)
TABLE 32 GLOBAL MARKET FOR MRI SYSTEMS BY REGION, THROUGH 2021 ($ MILLIONS)
BASIC MRI TECHNIQUES
TABLE 33 MAIN APPLICATIONS OF BASIC MRI SCAN, BY TYPE
T1-WEIGHTED MRI
T2-WEIGHTED MRI
PROTON DENSITY (PD) - WEIGHTED MRI
SPIN DENSITY - WEIGHTED MRI
TABLE 34 GLOBAL BASIC MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
INVERSION-RECOVERY TECHNIQUES
FAST FLUID-ATTENUATED INVERSION RECOVERY (FLAIR)
SHORT INVERSION-RECOVERY SEQUENCE (STIR)
DOUBLE INVERSION RECOVERY (DIR)
TURBO INVERSION-RECOVERY MAGNITUDE (TIRM) MAGNETIC RESONANCE IMAGING (MRI)
TABLE 35 GLOBAL INVERSION-RECOVERY MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
FUNCTIONAL MRI (FMRI)
TABLE 36 GLOBAL FUNCTIONAL MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
MAGNETIC RESONANCE ANGIOGRAPHY (MRA) AND MAGNETIC RESONANCE VENOGRAPHY (MRV)
MAGNETIC RESONANCE ANGIOGRAPHY (MRA)
MAGNETIC RESONANCE VENOGRAPHY (MRV)
TABLE 37 GLOBAL MRA AND MRV MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
MAGNETIC RESONANCE SPECTROSCOPY (MRS)
TABLE 38 GLOBAL MAGNETIC RESONANCE SPECTROSCOPY MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
DIFFUSION MRI
TABLE 39 GLOBAL DIFFUSION MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
PERFUSION MRI
TABLE 40 GLOBAL PERFUSION MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
GRADIENT ECHO IMAGING
TABLE 41 GLOBAL GRADIENT ECHO AND ECHO-PLANAR MRI MARKET BY REGION, THROUGH 2021 ($ MILLIONS)
OTHER TECHNIQUES
TABLE 42 GLOBAL MARKET FOR OTHER MRI TECHNIQUES BY REGION, THROUGH 2021 ($ MILLIONS)
CHAPTER 8 COMPETITIVE DEVELOPMENTS
INTRODUCTION
COMPETITOR ACTIVITIES OVERVIEW
FIGURE 5 DEVELOPMENTS IN GLOBAL MRI SYSTEMS MARKET, 2013 TO MID-2016
COMPETITIVE FACTORS
KEY COMPETITORS OVERVIEW
SIEMENS HEALTHCARE
Siemens Is Leading the MRI Market Race
TOSHIBA MEDICAL
Toshiba Is on the Way to Strategic Transformation and Taking
Advantage of Growing Opportunities
HITACHI
Hitachi Is a Prominent Player in the Open-MRI and Wide-Bore MRI
Market Space
PHILIPS HEALTHCARE
Philips Is Actively Working to Enhance Patient Experience and Launch
Innovative Efficient Products
GE HEALTHCARE
GE Continues to Innovative to Expand Its MRI Position
RECENT MARKET DEVELOPMENTS
TABLE 43 DEVELOPMENTS IN PRODUCT LAUNCH/INTRODUCTION, 2013 TO MID-2016
TABLE 44 DEVELOPMENTS IN PARTNERSHIPS, AGREEMENTS, AND REGIONAL EXPANSIONS, 2013 TO MID-2016
TABLE 45 DEVELOPMENTS IN ACQUISITIONS, 2013 TO MID-2016
TABLE 46 COMPETITOR PRODUCTS IN THE GLOBAL MRI SYSTEMS MARKET
TABLE 47 LIST OF 510(K) CLEARANCES BY PRODUCT AND COMPANY, 2013 TO MID-2016
CHAPTER 9 MRI SYSTEMS BY REGION
NORTH AMERICA
REGULATIONS
FDA Regulations
Canadian Regulations
REIMBURSEMENT SCENARIO
TABLE 48 CURRENT REIMBURSEMENT PRACTICES IN NORTH AMERICA
U.S.
Canada
MRI USAGE PATTERNS
TABLE 49 MRI UNITS PER MILLION POPULATION IN NORTH AMERICA BY COUNTRY, 2013
U.S.
Canada
DRIVERS AND RESTRAINTS
NORTH AMERICAN MARKET REVENUE ANALYSIS
TABLE 50 NORTH AMERICAN MRI SYSTEMS MARKET BY STRUCTURE/
ARCHITECTURE, THROUGH 2021 ($ MILLIONS)
TABLE 51 NORTH AMERICAN MRI SYSTEMS MARKET BY FIELD STRENGTH, THROUGH 2021 ($ MILLIONS)
TABLE 52 NORTH AMERICAN MRI SYSTEMS MARKET BY APPLICATION, THROUGH 2021 ($ MILLIONS)
TABLE 53 NORTH AMERICAN MRI SYSTEMS MARKET BY TECHNIQUE, THROUGH 2021 ($ MILLIONS)
EUROPE
REGULATIONS
EU Regulations
REIMBURSEMENT SCENARIO
Universal Multi-Payer Healthcare System
Tax-Based Universal Healthcare System
Social Health Insurance
Private Insurance
MRI USAGE PATTERNS
TABLE 54 MRI UNITS PER MILLION POPULATION IN EUROPE BY COUNTRY, 2013
DRIVERS AND RESTRAINTS
EUROPEAN MARKET REVENUE ANALYSIS
TABLE 55 EUROPEAN MRI SYSTEMS MARKET BY STRUCTURE/ARCHITECTURE, THROUGH 2021 ($ MILLIONS)
TABLE 56 EUROPEAN MRI SYSTEMS MARKET BY FIELD STRENGTH, THROUGH 2021 ($ MILLIONS)
TABLE 57 EUROPEAN MRI SYSTEMS MARKET BY APPLICATION, THROUGH 2021 ($ MILLIONS)
TABLE 58 EUROPEAN MRI SYSTEMS MARKET BY TECHNIQUE, THROUGH 2021 ($ MILLIONS)
ASIA
REGULATIONS
Japanese Regulations
Chinese Regulations
Indian Regulations
Australian Regulations
REIMBURSEMENT SCENARIO
TABLE 59 CURRENT REIMBURSEMENT PRACTICES IN ASIA BY COUNTRY
Japan
China
Australia
India
MRI USAGE PATTERNS
TABLE 60 MRI UNITS PER MILLION POPULATION IN ASIA BY COUNTRY, 2013 OR THE NEAREST YEAR
Japan
Korea
China
India
Australia/New Zealand
DRIVERS AND RESTRAINTS
ASIAN MARKET REVENUE ANALYSIS
TABLE 61 ASIAN MRI SYSTEMS MARKET BY STRUCTURE/ARCHITECTURE, THROUGH 2021 ($ MILLIONS)
TABLE 62 ASIAN MRI SYSTEMS MARKET BY FIELD STRENGTH, THROUGH 2021 ($ MILLIONS)
TABLE 63 ASIAN MRI SYSTEMS MARKET BY APPLICATION, THROUGH 2021 ($ MILLIONS)
TABLE 64 ASIAN MRI SYSTEMS MARKET BY TECHNIQUE, THROUGH 2021 ($ MILLIONS)
REST OF THE WORLD (ROW)
REGULATIONS IN SELECT REGIONS
Russian Regulations
Middle East Regulations
Mexican Regulations
Brazilian Regulations
REIMBURSEMENT SCENARIO
Mexico
Brazil
Middle East
Jordan
Qatar
United Arab Emirates (UAE)
Russian Federation
MRI USAGE PATTERNS
Mexico
Brazil
Middle East
Russia
Africa
REST OF THE WORLD (ROW) MARKET REVENUE ANALYSIS
TABLE 65 ROW MRI SYSTEMS MARKET BY STRUCTURE/ARCHITECTURE, THROUGH 2021 ($ MILLIONS)
TABLE 66 ROW MRI SYSTEMS MARKET BY FIELD STRENGTH, THROUGH 2021 ($ MILLIONS)
TABLE 67 ROW MRI SYSTEMS MARKET BY APPLICATION, THROUGH 2021 ($ MILLIONS)
TABLE 68 ROW MRI SYSTEMS MARKET BY TECHNIQUE, THROUGH 2021 ($ MILLIONS)
CHAPTER 10 COMPANY PROFILES
COMPANY PROFILES
AGILENT TECHNOLOGIES INC.
Products
ALLTECH MEDICAL SYSTEMS AMERICA
Products
ANALOGIC CORP.
Products
AURORA IMAGING TECHNOLOGY INC.
BRUKER BIOSPIN CORP.
Products
ESAOTE SPA
Products
FONAR CORP.
Products
GE HEALTHCARE
U.S. Location
Products
HITACHI MEDICAL CORP.
Products/Services
HOLOGIC INC.
Products
IMRIS INC.
Products
INNERVISION MRI
Products
MEDINUS CO.
Products
MEDTRONIC
Products/Services
MILLENNIUM TECHNOLOGY INC.
Products
MINDRAY MEDICAL INTERNATIONAL LTD.
Products
MR SOLUTIONS
Products
NEUSOFT MEDICAL SYSTEMS CO. LTD.
Products
PARAMED MEDICAL SYSTEMS
Products
PHILIPS HEALTHCARE
Products/Services
SHENZHEN ANKE HIGH-TECH CO. LTD.
Products
SHENZHEN BASDA MEDICAL APPARATUS CO.
Products
SIEMENS HEALTHCARE GMBH
Products/Services
TIME MEDICAL
Products
TOSHIBA MEDICAL SYSTEMS CORP.
Products
TOMTEC IMAGING SYSTEMS GMBH
Products
USED MRI SUPPLIERS
AMBER DIAGNOSTICS
ATLANTIS WORLDWIDE
BARRINGTON MEDICAL IMAGING LLC
BLOCK IMAGING INTERNATIONAL
GENESIS MEDICAL IMAGING
INTEGRITY MEDICAL SYSTEMS INC.
JDI SOLUTIONS
MEDICAL IMAGING GROUP
MONARCH MEDICAL
NCD CO.
RF TRANSMITTERS ANALOGIC
SANRAD MEDICAL SYSTEMS
SMIT MOBILE EQUIPMENT B.V.
SOUND IMAGING
TOTAL IMAGING CONCEPTS INC. (TICI)
ZETTA MEDICAL TECHNOLOGIES LLC
CHAPTER 11 APPENDIX
TABLE 69 LIST OF PATENTS, BY PUBLICATION NUMBER, 2015 TO JUNE 2016
TABLE 70 LIST OF PATENTS, BY JURISDICTION, 2015 TO JUNE 2016

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