Global MRI Market Analysis:
The magnetic resonance imaging (MRI) modality has become very popular for non-invasive diagnostic images of orthopedic, spinal, neurological, cardiovascular, head and neck diseases, abdominals and prostate. The marked sensitivity and specificity of this modality of image has made it a popular choice for the diagnosis of several neurological conditions throughout the world. For example, the advent of multinuclear spectroscopy to analyze several neurological disorders using a high-quality MRI scanner has gained ground in recent years. In the absence of known biological risk, these methods are useful for the detection of diseases manifested by an imbalance of water content in the body. The use of better contrast agents for obtaining images in ambulatory surgical centers and diagnostic imaging centers allows obtaining advanced images in high resolution, thus increasing the market.
Market Drivers and Restraints:
The constant introduction of advanced disease diagnosis technologies primarily stimulates growth. In addition, the rapid growth of the MRI sector is attributed to the growing prevalence of chronic diseases that require early diagnosis and rapid treatment to prevent late complications. In addition, the growing number of traffic accidents resulting in injuries and complications increase the demand for this modality. Musculoskeletal and spinal injuries also require magnetic resonance imaging systems to obtain better scans using a high resolution scanning technique. On the other hand, the high cost of these products and the need for qualified personnel to operate the machine are among the main factors that impede the growth of the market. In addition, the long life of these devices delays repeated purchases and, therefore, delays the growth of the market. In addition, players adopt various strategies, such as mergers and acquisitions and collaborations to remain competent in space. For example, Aurora Imaging Technology has signed a distribution agreement with Sumec Group Corporation. Under the terms of the agreement, Sumec Corporation is distributing the MRI system of Aurora Imaging Technology in China. The agreement allowed both companies to expand their market for the diagnosis and detection of the breast scanner using the Aurora MRI system in China.
Global MRI Market Segmentation:
Global MRI Market Analysis – By Magnetic Field Strength:
- Low
- Mid
- High
- Very high
- Ultra-high field system
Global MRI Market Analysis – By Architecture
Global MRI Market Analysis – By Application:
- Ultra-Brain MRI
- Spine MRI
- Organ MRI
- Extremities
Global MRI Market Analysis – By End User
- Clinics
- Hospitals
- Diagnostic Centers
Market Geographical Insights:
Based on Geography the market is segmented into regions such as;
- North America
- Europe
- Asia pacific
- Latin America
- Middle East and Africa
The Increase in Health Expenditure in Asia Pacific (APAC) allows doctors to diagnose a variety of diseases through MRI and CT, especially for cancer exams. In addition, with the improvement of medical technologies, developing and underdeveloped countries have had better access to diagnosis and treatment. According to one study, in 2014, the number of diagnostic kits available and up for adoption had increased in many countries in the APAC region. In addition, China is one of the countries that invests heavily in MRI devices to ensure its availability in hospitals and also develops the manufacturing capabilities of these devices. Factors such as the aging of the population and indications such as cancer, cardiovascular, neurological and orthopedic diseases are increasing the demand for MRI in this region, as well as the growth of sales. In addition, other factors, such as the introduction of hybrid MRI systems and the availability of universal health coverage in North America, Europe and several Asian countries, are strengthening the growth of the MRI market.
Global MRI Market Major Key Players:
- Koninklijke Philips N.V.
- Siemens Healthineers
- GE Healthcare
- Toshiba Medical Systems Corporation
- Hitachi Medical Systems
- Esaote SpA, Neusoft Corporation
- Xingaoyi
Part 1 Industry Overview
1.1 MRI Industry
1.1.1 Definition
1.1.2 Industry Trend
1.2 Industry Chain
1.2.1 Upstream
1.2.2 Technology
1.2.3 Cost Structure
1.2.4 Consumer Preference
1.2.2 Downstream
Part 2 Industry Overall
2.1 Industry History
2.2 Development Prospect
2.3 Competition Structure
2.4 Relevant Policy
2.5 Trade Overview
Part 3 MRI Market by Product
3.1 Products List of Major Companies
3.2 Market Size
3.3 Market Forecast
4 Key Companies List
4.1 GE (Company Overview, Sales Data etc.)
4.1.1 Company Overview
4.1.2 Products and Services
4.1.3 Business Analysis
4.2 Siemens (Company Overview, Sales Data etc.)
4.2.1 Company Overview
4.2.2 Products and Services
4.2.3 Business Analysis
4.3 Philips (Company Overview, Sales Data etc.)
4.3.1 Company Overview
4.3.2 Products and Services
4.3.3 Business Analysis
4.4 Toshiba (Company Overview, Sales Data etc.)
4.4.1 Company Overview
4.4.2 Products and Services
4.4.3 Business Analysis
4.5 Esaote (Company Overview, Sales Data etc.)
4.5.1 Company Overview
4.5.2 Products and Services
4.5.3 Business Analysis
4.6 Esaote (Company Overview, Sales Data etc.)
4.6.1 Company Overview
4.6.2 Products and Services
4.6.3 Business Analysis
4.7 SciMedix (Company Overview, Sales Data etc.)
4.7.1 Company Overview
4.7.2 Products and Services
4.7.3 Business Analysis
4.8 Paramed (Company Overview, Sales Data etc.)
4.8.1 Company Overview
4.8.2 Products and Services
4.8.3 Business Analysis
Part 5 Market Competition
5.1 Companies Competition
5.2 Industry Competition Structure Analysis
5.2.1 Rivalry
5.2.2 Threat of New Entrants
5.2.3 Substitutes
5.2.4 Bargaining Power of Suppliers
5.2.5 Bargaining Power of Buyers
Part 6 Market Demand by Segment
6.1 Demand Situation
6.1.1 Industry Application Status
6.1.2 Industry SWOT Analysis
6.1.2.1 Strengths
6.1.2.2 Weaknesses
6.1.2.3 Opportunities
6.1.2.4 Threats
6.2 Major Customer Survey
6.3 Demand Forecast
Part 7 Region Operation
7.1 Regional Market
7.2 Production and Sales by Region
7.2.1 Production
7.2.2 Sales
7.2.3 Trade
7.3 Regional Forecast
Part 8 Market Investment
8.1 Market Features
8.1.1 Product Features
8.1.2 Price Features
8.1.3 Channel Features
8.1.4 Purchasing Features
8.2 Investment Opportunity
8.2.1 Regional Investment Opportunity
8.2.2 Industry Investment Opportunity
8.3 Investment Calculation
8.3.1 Cost Calculation
8.3.2 Revenue Calculation
8.3.3 Economic Performance Evaluation
Part 9 Conclusion
Table Global MRI Market 2012-2017, by Type, in USD Million
Table Global MRI Market 2012-2017, by Type, in Volume
Table Global MRI Market Forecast 2018-2023, by Type, in USD Million
Table Global MRI Market Forecast 2018-2023, by Type, in Volume
Table GE Overview List
Table MRI Business Operation of GE (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Siemens Overview List
Table MRI Business Operation of Siemens (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Philips Overview List
Table MRI Business Operation of Philips (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Toshiba Overview List
Table MRI Business Operation of Toshiba (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Esaote Overview List
Table MRI Business Operation of Esaote (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Esaote Overview List
Table MRI Business Operation of Esaote (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table SciMedix Overview List
Table MRI Business Operation of SciMedix (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Paramed Overview List
Table MRI Business Operation of Paramed (Sales Revenue, Sales Volume, Price, Cost, Gross Margin)
Table Global MRI Sales Revenue 2012-2017, by Companies, in USD Million
Table Global MRI Sales Revenue Share, by Companies, in USD Million
Table Global MRI Sales Volume 2012-2017, by Companies, in Volume
Table Global MRI Sales Revenue Share, by Companies in 2017, in Volume
Table MRI Demand 2012-2017, by Application, in USD Million
Table MRI Demand 2012-2017, by Application, in Volume
Table MRI Demand Forecast 2018-2023, by Application, in USD Million
Table MRI Demand Forecast 2018-2023, by Application, in Volume
Table Global MRI Market 2012-2017, by Region, in USD Million
Table Global MRI Market 2012-2017, by Region, in Volume
Table MRI Market Forecast 2018-2023, by Region, in USD Million
Table MRI Market Forecast 2018-2023, by Region, in Volume
Figure MRI Industry Chain Structure
Figure Global MRI Market Growth 2012-2017, by Type, in USD Million
Figure Global MRI Market Growth 2012-2017, by Type, in Volume
Figure Global MRI Sales Revenue Share, by Companies in 2017, in USD Million
Figure Global MRI Sales Volume Share 2012-2017, by Companies, in Volume
Figure Production Development by Region
Figure Sales List by Region
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