Magnetic Resonance Imaging Market Analysis by P&S Market Research

GLOBAL INDUSTRY INSIGHT:
Magnetic Resonance Imaging Market Trends, Size, Share,
Development, Growth and Forecast to 2022

MRI Market Expected to Grow at 5% CAGR During 2016 – 2022
The global magnetic resonance imaging (MRI) market was valued at $5,351.7 million in 2015, and
it is expected to grow at a CAGR of 5.0% during 2016-2022. Based on architecture of MRI, the
open MRI segment is expected to witness the faster growth at a CAGR of 7.8%, during the forecast
period.
The global MRI market is growing at a significant rate, due to increasing healthcare expenditure,
and growing geriatric population. The increasing prevalence of chronic diseases and improving
healthcare infrastructure in developing countries are also driving the growth of the global magnetic
resonance imaging market.
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MRI is a non-invasive radiology technique used for the diagnosis, assessment, and treatment of
medical conditions. It uses strong magnetic field, radio frequency pulses and a computer to
produce detailed image of soft tissues, organs, bones, and other internal body structures. MRI scan
is used to examine musculoskeletal injuries, sports injuries, alignments of brain, vascular
abnormalities, prostrate problem, female pelvic problem, gastrointestinal tract condition, soft tissue
and bone pathology or condition and some of the ear, nose and throat conditions.
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The factors, such as stringent regulatory requirements for the approval of MRI devices, high cost
and lack of trained professionals, and shortage of helium gas deposits are inhibiting the growth of
the global market.
Geographically, North America dominated the global market of MRI in 2015; whereas the Asia-
Pacific market is expected to witness the fastest growth, a CAGR of 5.8%, during the forecast
period.
Some of the key companies operating in the global MRI market include Siemens AG, Koninklijke
Philips N.V., General Electric Company, Hitachi Ltd., Toshiba Corporation, Aurora Imaging
Technologies, Inc., and Esaote SpA.
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MRI Market Expected to Grow at 5% CAGR During 2016 – 2022
Chapter 1. Research Scope and Methodology
1.1 Market Definition
1.2 Market Scope
1.2.1 Global MRI market breakdown by architecture
1.2.2 Global MRI market breakdown by field strength
1.2.3 Global MRI market breakdown by application
1.2.4 Global MRI market breakdown by geography
1.3 Research Methodology and Sources
Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary
Chapter 3. Market Outlook
3.1 Introduction
3.2 Trends in the Market
3.3 Factors Driving Growth of the Market and its Impact on Market Forecast
3.3.1 Impact analysis of drivers on market forecast
3.4 Factors Hindering the Growth of the Market and its Impact on Market Forecast
3.4.1 Impact analysis of restraints on market forecast
Chapter 4. Global MRI Market Size and Forecast (2012 – 2022)
4.1 Global MRI Market, by Architecture
4.2 Global MRI Market, by Field Strength
4.3 Global MRI Market, by Application
4.4 Global MRI Market, by Region
Chapter 5. Global MRI Market, by Architecture
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MRI Market Expected to Grow at 5% CAGR During 2016 – 2022
5.1 Open MRI Market
5.2 Closed MRI Market
Chapter 6. Global MRI Market, by Field Strength
6.1 High Field MRI Market
6.2 Very High Field MRI Market
6.3 Ultra High Field MRI Market
6.4 Low to Mid Field MRI Market
Chapter 7. Global MRI Market, by Application
7.1 Spine MRI Market
7.2 Brain, Neck and Head MRI Market
7.3 Vascular MRI Market
7.4 Musculoskeletal MRI Market
7.5 Pelvic and Abdomen MRI Market
7.6 Breast MRI Market
7.7 Cardiac MRI Market
Chapter 8. Global MRI Market, by Geography
8.1 North America MRI Market
8.1.1 North America MRI market, by architecture
8.1.2 North America MRI market, by field strength
8.1.3 North America MRI market, by application
8.1.4 North America MRI market, by country
8.1.4.1 U.S. MRI market
8.1.4.1.1 U.S. MRI market, by architecture
8.1.4.1.2 U.S. MRI market, by field strength
8.1.4.2 Canada MRI market
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MRI Market Expected to Grow at 5% CAGR During 2016 – 2022
8.1.4.2.1 Canada MRI market, by architecture
8.1.4.2.2 Canada MRI market, by field strength
8.2 Europe MRI Market
8.2.1 Europe MRI market, by architecture
8.2.2 Europe MRI market, by field strength
8.2.3 Europe MRI market, by application
8.2.4 Europe MRI market, by country
8.2.4.1 Germany MRI market
8.2.4.1.1 Germany MRI market, by architecture
8.2.4.1.2 Germany MRI market, by field strength
8.2.4.2 U.K. MRI market
8.2.4.2.1 U.K. MRI market, by architecture
8.2.4.2.2 U.K. MRI market, by field strength
8.2.4.3 France MRI market
8.2.4.3.1 France MRI market, by architecture
8.2.4.3.2 France MRI market, by field strength
8.3 Asia-Pacific MRI Market
8.3.1 Asia-Pacific MRI market, by architecture
8.3.2 Asia-Pacific MRI market, by field strength
8.3.3 Asia-Pacific MRI market, by application
8.3.4 Asia-Pacific MRI market, by country
8.3.4.1 Japan MRI market
8.3.4.1.1 Japan MRI market, by architecture
8.3.4.1.2 Japan MRI market, by field strength
8.3.4.2 China MRI market
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MRI Market Expected to Grow at 5% CAGR During 2016 – 2022
8.3.4.2.1 China MRI market, by architecture
8.3.4.2.2 China MRI market, by field strength
8.3.4.3 India MRI market
8.3.4.3.1 India MRI market, by architecture
8.3.4.3.2 India MRI market, by field strength
8.4 Rest of the World (RoW) MRI Market
8.4.1 RoW MRI market, by architecture
8.4.2 RoW MRI market, by field strength
8.4.3 RoW MRI market, by application
Chapter 9. Competitive Positioning Analysis
9.1 Porter’s Five Forces of Competitive Position Analysis
9.1.1 Bargaining power of buyers
9.1.2 Bargaining power of suppliers
9.1.3 Threat of new entrants
9.1.4 Intensity of rivalry
9.1.5 Threat of substitutes
9.2 Competitive Positioning of Major Players
Chapter 10. Company Profiles and Strategic Developments
10.1 Key Company Profiles
10.1.1 Hitachi, Ltd.
10.1.1.1 Business overview
10.1.1.2 Product and service offerings
10.1.2 Toshiba Corporation
10.1.2.1 Business overview
10.1.2.2 Product and Service offerings
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MRI Market Expected to Grow at 5% CAGR During 2016 – 2022
10.1.3 Siemens AG
10.1.3.1 Business overview
10.1.3.2 Product and service offerings
10.1.4 Koninklijke Philips N.V.
10.1.4.1 Business overview
10.1.4.2 Product and service offerings
10.1.5 Esaote SpA
10.1.5.1 Business overview
10.1.5.2 Product and service offerings
10.1.6 Aurora Imaging Technologies, Inc.
10.1.6.1 Business overview
10.1.6.2 Product and service offerings
10.2 Strategic Developments in the MRI Market
10.2.1 Collaborations/ partnerships
10.2.2 Product approval/launch
10.2.3 Merger and acquisition
10.2.4 Other developments
Chapter 11. Appendix
11.1 List of Abbreviations
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MRI Market Expected to Grow at 5% CAGR During 2016 – 2022
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