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United States MRI Systems Market Outlook to 2020

  • March 2014
  • -
  • Global Data
  • -
  • 148 pages

United States MRI Systems Market Outlook to 2020

Summary

GlobalData’s new report, "United States MRI Systems Market Outlook to 2020", provides key market data on the United States MRI Systems market. The report provides value, in millions of US dollars, and volume (in units) and average price data (in US dollars), within market categories – High Field MRI Systems, Low Field MRI Systems and Mid Field MRI Systems.

The report also provides company shares and distribution shares data for each of these market categories, and global corporate-level profiles of the key market participants, pipeline products, and news and deals related to the MRI Systems market wherever available.

The data in the report is derived from dynamic market forecast models. GlobalData uses capital equipment–based models to estimate and forecast the market size. The objective is to provide information that represents the most up-to-date data of the industry possible.

Capital equipment–based forecasting models are done based on the installed base, replacements and new sales of a specific device/equipment in healthcare facilities such as hospitals, clinics and diagnostic centers. Data for average number of units per facility is used to arrive at the installed base of the capital equipment. Sales for a particular year are arrived at by calculating the replacement units and new units (additional and first-time purchases).

Extensive interviews are conducted with key opinion leaders (KOLs), physicians and industry experts to validate the market size, company share and distribution share data and analysis.

Scope

- Market size for MRI Systems market categories – High Field MRI Systems, Low Field MRI Systems and Mid Field MRI Systems.
- Annualized market revenues (USD million), volume (units) and average selling price ($) data for each of the market categories. Data is provided from 2005 to 2012 and forecast to 2020.
- 2012 company shares and distribution shares data for each of the market categories.
- Global corporate-level profiles of key companies operating within the United States MRI Systems market.
- Key players covered include Esaote S.p.A, GE Healthcare, Hitachi Medical Corporation, Philips Healthcare, Siemens Healthcare and Toshiba Medical Systems Corporation.

Reasons to buy

- Develop business strategies by identifying the key market segments poised for strong growth in the future.
- Develop market-entry and market expansion strategies.
- Design competition strategies by identifying who-stands-where in the market.
- Develop investment strategies by identifying the key market segments expected to register strong growth in the near future.
- What are the key distribution channels and what’s the most preferred mode of product distribution – Identify, understand and capitalize.

Table Of Contents

United States MRI Systems Market Outlook to 2020
1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 8
2 Introduction 9
2.1 What Is This Report About? 9
2.2 MRI Systems Market Segmentation 9
2.3 Definitions of Markets Covered in the Report 10
3 MRI Systems Market, United States 11
3.1 MRI Systems Market, United States, Revenue ($m), 2005-2012 11
3.2 MRI Systems Market, United States, Revenue ($m), 2012-2020 13
3.3 MRI Systems Market, United States, Volume (Units), 2005-2012 15
3.4 MRI Systems Market, United States, Volume (Units), 2012-2020 17
3.5 MRI Systems Market, United States, Average Price ($), 2005-2020 19
3.6 MRI Systems Market, United States, Distribution Share by Revenue ($m), 2011-2012 21
3.7 MRI Systems Market, United States, Company Share by Revenue ($m), 2011-2012 22
4 Overview of Key Companies in United States, MRI Systems Market 24
4.1 Siemens Healthcare 24
4.1.1 Company Overview 24
4.2 GE Healthcare 24
4.2.1 Company Overview 24
4.3 Philips Healthcare 24
4.3.1 Company Overview 24
4.4 Philips Healthcare 25
4.4.1 Company Overview 25
4.5 Toshiba Medical Systems Corporation 25
4.5.1 Company Overview 25
4.6 Hitachi Medical Corporation 25
4.6.1 Company Overview 25
4.7 Esaote S.p.A. 26
4.7.1 Company Overview 26
5 MRI Systems Market Pipeline Products 27
6 Financial Deals Landscape 28
6.1 Asset Transactions 28
6.1.1 Fonar Acquires 14 MRI Scanning Centers For US$34.4 Million 28
6.1.2 Tranzbyte To Acquire Marketing Rights To MRI Machines In North And South America From Hurricane Enterprises 29
6.2 Debt Offerings 30
6.2.1 Diagnostic Imaging International Completes Private Placement Of Notes Due 2015 For US$2 Million 30
6.3 Equity Offerings 31
6.3.1 MRI Interventions Completes Private Placement Of Common Stock For US$11 Million 31
6.3.2 MRI Interventions Completes Private Placement Of Units For US$6 Million 32
6.3.3 MRI Interventions Completes IPO 33
6.4 Partnerships 34
6.4.1 MRI Interventions Enters Into Co-Development Agreement With Siemens Medical Solutions 34
6.4.2 MRI Interventions Terminates Co-Development Agreement With Siemens Healthcare 36
6.4.3 CorTechs Labs Extends Distribution Agreement With Invivo For NeuroQuant 37
6.4.4 IMRIS Enters Into Technology Integration Agreement With Stryker 38
6.4.5 Invivo Enters Into Co-Development Agreement With iCAD For MRI Solutions 39
6.4.6 Bioventus Enters Into Agreement With Esaote North America For Diagnostic Ultrasound And MRI Solutions 40
6.4.7 Royal Philips Enters Into Co-Development Agreement With St. Joseph's Hospital 41
6.4.8 Aspect Imaging Enters Into Agreement With Bruker For MRI Systems 42
6.5 Venture Financing 43
6.5.1 ViewRay Raises US$30 Million In Venture Financing 43
6.5.2 ViewRay Raises US$15 Million In Venture Financing 45
6.5.3 EchoPixel Raises US$2.35 Million In Seed Financing 46
6.5.4 CorTechs Labs Raises US$2 Million In Venture Financing 47
6.5.5 ViewRay Raises US$15 Million In Series D-2 Financing 48
6.5.6 ViewRay Raises US$11 Million In Series D-1 Financing 49
6.5.7 Signa MRI Imaging To Raise US$0.05 Million In Venture Financing 50
6.5.8 ViewRay, Medical Device Company Raises US$45 Million In Series C Financing 51
7 Recent Developments 53
7.1 Corporate Communications 53
7.1.1 Feb 25, 2014: Molecular Imaging Services Appoints Dr. Gary Heller as Chief Medical Officer 53
7.1.2 Feb 24, 2014: iCAD Appoints Dr. Robert Goodman to Board of Directors 53
7.1.3 Feb 04, 2014: Brent Shafer appointed Chief Executive Officer of Philips North America 54
7.1.4 Jan 22, 2014: LipoScience Announces Appointment of Howard Doran as President and Chief Executive Officer 55
7.1.5 Jan 06, 2014: MRI Interventions Adds Industry Veteran Maria Sainz as New Board Member 55
7.1.6 Nov 25, 2013: iCAD Promotes CFO Kevin Burns to Chief Operating Officer 56
7.1.7 Sep 06, 2013: LipoScience Announces Appointment Of William Cromwell, M.D., As Chief Medical Officer 56
7.1.8 Aug 09, 2013: LipoScience Announces Appointment Of Vice President, General Counsel And Corporate Secretary 57
7.1.9 Aug 08, 2013: LipoScience Announces Two New Members of Board of Directors 57
7.1.10 Aug 02, 2013: LipoScience Appoints Robert Greczyn Interim President and Chief Executive Officer 58
7.1.11 Jul 31, 2013: Alliance HealthCare Services Names Percy C. Tom Tomlinson, Jr. as Chief Executive Officer 59
7.1.12 Jul 29, 2013: Richard I. Fisher, MD, Named President and CEO of Fox Chase Cancer Center 59
7.1.13 Jul 15, 2013: Toshiba Names X-Ray Vascular Business Unit Director 60
7.1.14 Jul 02, 2013: Alliance HealthCare Services Added to Russell 3000 Index 61
7.1.15 May 09, 2013: Bayer HealthCare Eliminates 50 Jobs At Medrad 61
7.1.16 Apr 16, 2013: MRI Interventions Elects Dr. Philip A. Pizzo to Board of Directors 61
7.1.17 Apr 02, 2013: Gentag Receives Canadian Patent For Smart Wireless Skin Patch 62
7.2 Financial Announcements 63
7.2.1 Feb 25, 2014: Neodyne Biosciences Partners with The Strouse Corporation to Scale Production of embrace Advanced Scar Therapy 63
7.2.2 Feb 19, 2014: iCAD Reports 2013 Fourth Quarter and Full Year Financial Results 63
7.2.3 Feb 18, 2014: Bruker Reports Fourth Quarter and Full Year 2013 Financial Results 65
7.2.4 Feb 14, 2014: FONAR Announces Fiscal 2014 Second Quarter Earnings Results 66
7.2.5 Dec 09, 2013: Analogic Announces Financial Results for the First Quarter Ended October 31, 2013 and Declares Quarterly Cash Dividend 67
7.2.6 Nov 21, 2013: LipoScience to Discuss 2014 Guidance on Fourth Quarter 2013 Financial Results Conference Call 68
7.2.7 Nov 21, 2013: Analogic announces timing for first quarter 2014 earnings conference call and webcast 68
7.2.8 Nov 15, 2013: FONAR Announces First Fiscal 2014 Quarter Earnings Results 69
7.2.9 Nov 12, 2013: MRI Interventions Announces Third Quarter 2013 Financial Results 71
7.2.10 Nov 06, 2013: Alliance HealthCare Services Reports Third Quarter 2013 Results 72
7.2.11 Nov 05, 2013: LipoScience Reports Third Quarter 2013 Financial Results 74
7.2.12 Oct 30, 2013: Alliance Healthcare Services Schedules Conference Call and Webcast to Review Third Quarter 2013 Financial Results 75
7.2.13 Oct 29, 2013: MRI Interventions to Report Third Quarter 2013 Financial Results 76
7.2.14 Oct 28, 2013: iCAD Reports Third Quarter Financial Results 76
7.2.15 Oct 22, 2013: LipoScience to Release Third Quarter Fiscal Year 2013 Financial Results 78
7.2.16 Oct 22, 2013: iCAD to Host Third Quarter Financial Results Conference Call on Tuesday, October 29, 2013 78
7.2.17 Oct 17, 2013: Bruker Announces Date and Time of Third Quarter 2013 Earnings Release and Webcast 78
7.2.18 Oct 02, 2013: FONAR Announces Fiscal 2013 Year End Results 79
7.2.19 Sep 12, 2013: Analogic Announces Financial Results for the Fourth Quarter and Fiscal Year Ended July 31, 2013 and Declares Quarterly Cash Dividend 79
7.2.20 Aug 22, 2013: Analogic Announces Timing for Fourth Quarter and Fiscal Year End 2013 Earnings Conference Call and Webcast 81
7.2.21 Aug 06, 2013: LipoScience Reports Second Quarter 2013 Financial Results 82
7.2.22 Aug 06, 2013: MRI Interventions to Report Second Quarter 2013 Financial Results 84
7.2.23 Jul 31, 2013: Alliance HealthCare Services Reports Results for the Second Quarter Ended June 30, 2013 84
7.2.24 Jul 31, 2013: Bruker Corporation Reports Second Quarter 2013 Financial Results 86
7.2.25 Jul 29, 2013: iCAD Reports Second Quarter Financial Results 87
7.2.26 Jul 24, 2013: Alliance HealthCare Services Schedules Conference Call and Webcast to Review Second Quarter 2013 Financial Results 89
7.2.27 Jul 23, 2013: LipoScience to Release Second Quarter Fiscal Year 2013 Financial Results 90
7.2.28 Jul 22, 2013: Bruker Announces Date and Time of Second Quarter 2013 Earnings Release and Webcast 90
7.2.29 Jul 19, 2013: iCAD to Host Second Quarter Financial Results Conference Call on Tuesday, July 30, 2013 90
7.2.30 Jun 04, 2013: Analogic Reports Revenue Of $125.8m In Q3 Fiscal 2013 91
7.2.31 May 15, 2013: Fonar Reports Revenue Of $11.6m In Q3 Fiscal 2013 92
7.2.32 May 09, 2013: LipoScience Reports Revenue Of $13.6m In Q1 2013 93
7.2.33 May 09, 2013: MRI Interventions Announces First Quarter 2013 Financial Results 95
7.2.34 May 02, 2013: Bruker Corporation Reports First Quarter 2013 Financial Results 97
7.2.35 May 01, 2013: Alliance HealthCare Services Reports Revenue Of $110.4m In Q1 2013 97
7.2.36 Apr 29, 2013: iCAD Reports Revenue Of $7.9m In Q1 2013 98
7.2.37 Apr 29, 2013: MRI Interventions to Report First Quarter 2013 Financial Results 99
7.2.38 Mar 27, 2013: LipoScience Reports Revenue Of $54.8m In 2012 99
7.2.39 Mar 13, 2013: Alliance HealthCare Services Reports Revenue Of $472m In 2012 101
7.2.40 Mar 11, 2013: Analogic Reports Revenue Of $138.6m In Q2 Fiscal 2013 102
7.2.41 Mar 07, 2013: MRI Interventions Reports Revenue Of $5.1m In 2012 104
7.3 Government and Public Interest 105
7.3.1 Jan 07, 2014: iCAD to Participate in the 16th Annual Needham Growth Conference 105
7.3.2 Jan 03, 2014: Analogic to Present at Upcoming Investor Conferences 105
7.3.3 Dec 11, 2013: Analogic to Present at Imperial Capital Security Investor Conference 105
7.3.4 Nov 27, 2013: LipoScience to present at 25th Annual Piper Jaffray Healthcare Conference 105
7.3.5 Nov 27, 2013: LipoScience to Present at 25th Annual Piper Jaffray Healthcare Conference 106
7.3.6 Nov 26, 2013: iCAD to Participate in the LD Micro Conference 106
7.3.7 Nov 12, 2013: Philips CFO presents at the UBS European Investor Conference in London 106
7.3.8 Nov 12, 2013: iCAD to Participate in the Canaccord Genuity Medical Technology and Diagnostics Forum 106
7.3.9 Sep 26, 2013: Analogic Announces Timing of Investor Day Webcast 106
7.3.10 Sep 25, 2013: MRI Interventions to Present at 2013 Craig-Hallum Alpha Select Conference 107
7.3.11 Sep 24, 2013: iCAD to Participate in Craig-Hallum's 4th Annual Alpha Select Conference 107
7.3.12 Sep 13, 2013: MRI Interventions to Present at UBS 2012 Global Life Sciences Conference 107
7.3.13 Jul 01, 2013: MRI Interventions to Present at 2013 JMP Securities Healthcare Conference 107
7.3.14 Jun 18, 2013: MRI Screening May Help Identify Spinal Infections From Contaminated Drug Injections 107
7.3.15 Jun 05, 2013: MRI May Be Effective Way To Diagnose Mental Illnesses Such As Bipolar Disorder, Study Says 108
7.4 Legal And Regulatory 109
7.4.1 Aug 14, 2013: Broad launch for ColdZyme Mouth Spray, soon on Apoteket AB's shelves 109
7.4.2 Jul 01, 2013: S.C. Court Grants Judgment to Revolutions Medical and Its CEO 110
7.4.3 May 01, 2013: OiService CT and MR Earns ISO 9001:2008 and 13485:2003 Recertification 111
7.5 Other Significant Developments 111
7.5.1 Jan 27, 2014: AHRA and Toshiba Select 2013 Putting Patients First Grant Recipients 111
7.5.2 Jan 22, 2014: Nanotherapeutics selects GE Healthcare Life Sciences technologies for Advanced Development and Manufacturing Center 112
7.5.3 Jan 13, 2014: AUXILIO Signs Five-Year Managed Print Services Contract with University of California at San Diego (UCSD) Health System 113
7.5.4 Dec 03, 2013: Robert Wood Johnson Foundation to Fund NORC at the University of Chicago Research on the Value of Cost Transparency in Health Care 113
7.5.5 Nov 13, 2013: NGAGE Announces Representation Agreement with SIEMENS Healthcare 114
7.5.6 Oct 22, 2013: OnPoint Partners With Leading Children's Hospital to Deliver Quality Assurance Solution 115
7.5.7 Jul 29, 2013: AHRA and Toshiba Launch Sixth Annual Putting Patients First Program 115
7.5.8 Apr 03, 2013: Genomic Health Announces Presentation Of Positive Clinical Validation Study Results Of Oncotype DX Prostate Cancer Test At 2013 AUA Annual Meeting 116
7.5.9 Mar 27, 2013: Kessler Foundation Scientist Receives $619,618 Grant To Study Predictors Of Memory Decline In Multiple Sclerosis 116
7.5.10 Mar 13, 2013: Genomic Health Announces Positive Study Results Of Oncotype DX To Quantify Risk Of Loco-Regional Recurrence In Node-Positive Breast Cancer Patients 117
7.6 Product News 119
7.6.1 Feb 18, 2014: Philips announces achievement of major milestone in largest ever sleep apnea clinical trial 119
7.6.2 Jan 22, 2014: Philips launches new Healthcare Informatics Solutions and Services Business Group 119
7.6.3 Jan 12, 2014: Tweaking MRI to track creatine may spot heart problems earlier, Penn Medicine study suggests 120
7.6.4 Dec 31, 2013: New MRI technique illuminates the wrist in motion 121
7.6.5 Dec 04, 2013: Toshiba's New MR Technologies Make Exams Faster for Better Patient Care 122
7.6.6 Dec 02, 2013: Toshiba CT Delivers More Consistent Results with its Adaptive Diagnostics Technology 123
7.6.7 Dec 02, 2013: Toshiba Upgrades MR Interface for Streamlined Exams 124
7.6.8 Dec 02, 2013: MRI Technique Reveals Low Brain Iron in ADHD Patients 124
7.6.9 Nov 19, 2013: A Better Patient Experience with Toshiba's Quiet MR Technology 125
7.6.10 Oct 07, 2013: MDxHealth's Prostate Cancer Test Meets Endpoints In DOCUMENT Trial 126
7.6.11 Sep 18, 2013: Bruker Sets New Standards in Preclinical Imaging Software with ParaVision 6 127
7.6.12 Aug 21, 2013: Radioterapia Cabriales Now Offering Cancer Patients Fast, Precise Radiotherapy Using Trilogy and RapidArc Technology from Varian Medical Systems 128
7.6.13 May 07, 2013: Royal Philips Electronics Launches Healthcare Transformation Services 129
7.6.14 Mar 06, 2013: OiService CT and MR Receives Korean FDA Approval for Refurbished GE CT and MR Equipment 129
7.7 Research And Development 130
7.7.1 Oct 07, 2013: SpineGuard to Launch XS Classic PediGuard at North American Spine Society Annual Meeting 130
7.7.2 May 10, 2013: Canada's Sunnybrook Health Sciences Centre Joins Elekta And Philips Research Consortium On MRI-Guided Radiation Therapy 131
7.7.3 Apr 20, 2013: Elekta And Philips Research Consortium On MRI-Guided Radiation Therapy Adds Netherlands Cancer Institute-Antoni van Leeuwenhoek Hospital 132
7.8 Strategy And Business Planning 133
7.8.1 Jan 29, 2014: Bruker Opens New Preclinical Imaging Center of Excellence for the Americas 133
7.8.2 Jan 21, 2014: Bayer HealthCare provides update on its business operations 134
7.8.3 Nov 12, 2013: Philips and AMREF Flying Doctors announce strategic partnership to improve health care in Africa 134
7.8.4 Oct 01, 2013: Philips to shape the future of healthcare in Asia Pacific by bridging the Hospital and the Home 136
7.8.5 Sep 18, 2013: Sam Solakyan Successfully Expands Vital Imaging Across California 136
7.8.6 May 13, 2013: Analogic Announces Plan To Streamline Its Global Business 138
7.8.7 May 06, 2013: Focused Ultrasound Foundation, Philips And InSightec Collaborate With Clinicians To Launch Multicenter RELIEF Registry 138
8 Appendix 140
8.1 Research Methodology 141
8.1.1 Coverage 141
8.1.2 Secondary Research 141
8.1.3 Primary Research 142
8.1.4 Market Modeling and Forecasting 143
8.1.5 Company Share Analysis 146
8.1.6 Distribution Share Analysis 147
8.2 Expert Panel 148
8.3 GlobalData Consulting 148
8.4 Contact Us 148
8.5 Disclaimer 148

1.1 List of Tables
Table 1: MRI Systems Market, United States, Revenue ($m), USD Constant, Historic, 2005-2012 12
Table 2: MRI Systems Market, United States, Revenue ($m), USD Constant, Forecast, 2012-2020 14
Table 3: MRI Systems Market, United States, Volume (Units), Historic, 2005-2012 16
Table 4: MRI Systems Market, United States, Volume (Units), Forecast, 2012-2020 18
Table 5: MRI Systems Market, United States, Average Price ($), Historic, 2005-2012 19
Table 6: MRI Systems Market, United States, Average Price ($), Forecast, 2012-2020 20
Table 7: MRI Systems Market, United States, Distribution Share by Revenue ($m), USD Constant, 2011-2012 21
Table 8: MRI Systems Market, United States, Company Share by Revenue ($m), USD Constant, 2011-2012 23
Table 9: MRI Systems Market Pipeline Products 27
Table 10: Fonar Acquires 14 MRI Scanning Centers For US$34.4 Million 28
Table 11: Tranzbyte To Acquire Marketing Rights To MRI Machines In North And South America From Hurricane Enterprises 29
Table 12: Diagnostic Imaging International Completes Private Placement Of Notes Due 2015 For US$2 Million 30
Table 13: MRI Interventions Completes Private Placement Of Common Stock For US$11 Million 31
Table 14: MRI Interventions Completes Private Placement Of Units For US$6 Million 32
Table 15: MRI Interventions Completes IPO 33
Table 16: MRI Interventions Enters Into Co-Development Agreement With Siemens Medical Solutions 34
Table 17: MRI Interventions Terminates Co-Development Agreement With Siemens Healthcare 36
Table 18: CorTechs Labs Extends Distribution Agreement With Invivo For NeuroQuant 37
Table 19: IMRIS Enters Into Technology Integration Agreement With Stryker 38
Table 20: Invivo Enters Into Co-Development Agreement With iCAD For MRI Solutions 39
Table 21: Bioventus Enters Into Agreement With Esaote North America For Diagnostic Ultrasound And MRI Solutions 40
Table 22: Royal Philips Enters Into Co-Development Agreement With St. Joseph's Hospital 41
Table 23: Aspect Imaging Enters Into Agreement With Bruker For MRI Systems 42
Table 24: ViewRay Raises US$30 Million In Venture Financing 43
Table 25: ViewRay Raises US$15 Million In Venture Financing 45
Table 26: EchoPixel Raises US$2.35 Million In Seed Financing 46
Table 27: CorTechs Labs Raises US$2 Million In Venture Financing 47
Table 28: ViewRay Raises US$15 Million In Series D-2 Financing 48
Table 29: ViewRay Raises US$11 Million In Series D-1 Financing 49
Table 30: Signa MRI Imaging To Raise US$0.05 Million In Venture Financing 50
Table 31: ViewRay, Medical Device Company Raises US$45 Million In Series C Financing 51
Table 32: Total Number of Primary Research Participants, Diagnostic Imaging Equipment Market, by Country 143

1.2 List of Figures
Figure 1: MRI Systems Market, United States, Revenue ($m), USD Constant, Historic, 2005-2012 11
Figure 2: MRI Systems Market, United States, Revenue ($m), USD Constant, Forecast, 2012-2020 13
Figure 3: MRI Systems Market, United States, Volume (Units), Historic, 2005-2012 15
Figure 4: MRI Systems Market, United States, Volume (Units), Forecast, 2012-2020 17
Figure 5: MRI Systems Market, United States, Company Share (%), 2012 22
Figure 6: GlobalData Epidemiology-Based Forecasting Model 145
Figure 7: GlobalData Capital Equipment-Based Forecasting Model 146
Figure 8: Primary Interviews by Participant Type (%) 147

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