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MediPoint: Magnetic Resonance Imaging Systems - Global Analysis and Market Forecasts

Summary

The global magnetic resonance imaging (MRI) market is a shifting, capital equipment market that is saturated with numerous players developing innovative technologies. Given their impressive safety and efficacy as well as non-invasive nature, MRI systems have seen continued adoption since they were first introduced to the healthcare market. Rapid advances in the field imaging along with the development of MRI safe technologies have greatly expanded the potential of therapeutic applications.

Despite a high initial price tag as well as substantial maintenance costs, these systems are increasingly installed in hospitals around the world, and their use is now global. With a variety of options available in terms of magnetic field strength, additional features, and cost, purchasing hospitals have several choices in terms of which system they inevitably decide to buy, and market offerings are only growing. As new players enter the industry with innovation systems during the forecast period, competition is expected to escalate to new levels. Additionally, as the number of disease and trauma indications that can be diagnosed using MRI increases, the number of procedures hospitals are performing with these systems per year will rise as well.

This report focuses on the global coronary stents market in the 10 major markets (10MM) (US, France, Germany, Italy, Spain, UK, Japan, China, India, and Brazil) for MRI systems. The global MRI market is determined for the 10 countries covered in this report, which further provides insight into the competitive landscape, the marketed and pipeline products, the current and emerging players and market analysis of the different stent segments within the market. The report identifies the unmet needs in the market while providing an understanding of physicians’ perceptions and decision-making processes in using and evaluating the adoption of different types of coronary stents.

Highlights

Key Questions Answered

- What is the current and future MRI systems market outlook in the developed and emerging markets? What trends are affecting the global MRI systems market?
- Which are the key, high growth markets that MRI manufacturers should expand into? What MRI field strength segments are growing the fastest, and what are the top-selling stents in the category?
- Low-field MRI systems have been on the market for many years; however, unmet needs still exist with respect to resolution and signal-to-noise ratios. How will emerging high-field strength MRI systems fulfill these unmet needs?
- What clinical factors and technical specifications influence a physician to use one type of MRI system over another? What is physician perception and market outlook of MRI systems?
- What are the challenges and complications of MRI use that have hindered widespread adoption?
- With developing the next-generation of MRI systems, what aspects of the technology are device manufacturers focused optimizing? How will new entrants impact the market?

Scope

- Overview of MRI systems, including design, energy utilization, and special features.
- Annualized total MRI systems market revenue and sales volume by field strength of system from 2011-2013 and forecast for seven years to 2020.
- Key topics covered include strategic competitor assessment, market characterization, identification of unmet needs, reimbursement and regulatory considerations, evaluating market access in each region covered in the report, and implications of the emerging technologies entering the market.
- Pipeline analysis: Comprehensive data split across different field strengths, emerging trends and system designs in development, including investigation of open-MRI technology, pre-polarizing systems, cardiac MRI, multiparametric MRI, and diffusion MRI.
- Analysis of the current and future market competition in the global MRI systems market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications.

Reasons to buy

- “What Physicians Think” quotes provide a unique insight into how healthcare professionals are reacting to events within the industry, and what their responses could mean for industry strategists. In this report you will understand the perceptions of leading imaging specialists from around the world. This information is essential for all strategic decision makers in every organization allowing them to act on high quality information.

Table Of Contents

MediPoint: Magnetic Resonance Imaging Systems - Global Analysis and Market Forecasts
1 Table of Contents
1 Table of Contents 7
1.1 List of Tables 11
1.2 List of Figures 16
2 Introduction 20
2.1 Catalyst 21
2.2 Related Reports 21
3 Industry Overview 22
3.1 Overview of MRI Technology 22
3.2 System Overview 23
3.3 Applications of Technology 26
3.4 Clinical Indications for MRI scans 26
3.5 Procedure Trends 28
3.6 Advantages and Disadvantages of Technology 30
3.7 Market Access 33
3.8 Regulatory Process 37
3.9 Current MRI Reimbursement Trends 41
3.10 Procedure Trends 52
3.11 Economic Impact 57
4 Unmet Needs 69
4.1 Overview 69
4.2 Storing and Managing Patient Data 70
4.3 Multiparametric MRI 71
4.4 Quieter Systems for Improved Patient Comfort 72
4.5 Improved Software to Support Advanced Image Acquisition Hardware 72
4.6 Faster Throughput 75
4.7 Improvements in Patient Comfort 76
5 Market Opportunity Analysis 77
5.1 Overview 77
5.2 Standardization of Scans 78
5.3 Increased Adoption of MRI Throughout the Hospital 79
5.4 Cardiac MRI on the Rise 79
5.5 High-Field MRI in Developing Brains 81
5.6 Permanent Magnets Still Desirable Where Power Unreliable 82
5.7 Imaging Brain Tumors 83
5.8 Cryogen-Free Cooling Systems 83
5.9 Additional Scanners for Outpatient Exams 84
5.10 Breast and Prostate Cancer MRI 85
5.11 Whole-Body MRI for Cancer 86
5.12 Cloud Computing on the Rise 86
5.13 New MRI Technique to Speed Up Diagnosis for Traumatic Brain Injury 87
6 Market Drivers and Barriers 88
6.1 Overview 88
6.2 Driver: Improved Imaging Capabilities of Higher Field Strength 88
6.3 Driver: Low-Quality Images from Older Machines 90
6.4 Driver: High Average Age of MRI Systems 90
6.5 Driver: Difficulty of Achieving Homogenous Signals with Older Systems 91
6.6 Barrier: Fewer Resources for Training on Machines 91
6.7 Barrier: Economic Pressure Reduces New Systems Volume 92
6.8 Barrier: Misuse of Systems 93
6.9 Barrier: Overuse of MRI Systems 94
6.10 Barrier: ISOs a Cheaper Alternative to Service or New Sales from OEM 95
6.11 Barrier: Supeconducting MRI Magnet Producers 97
6.12 Barrier: Uneven Reimbursement for MRI Procedures 97
7 Competitive Assessment 99
7.1 Full Profiles for Key Products 99
7.2 Classification Based on Field Strength 112
8 Pipeline Assessment 118
8.1 11.7T MRI System (Neurospin) 118
8.2 Aurora PET/MRI System (Aurora Imaging Technology) 118
8.3 Neona (Time Medical) 119
8.4 GE 7.0T MRI Scanner (GE Healthcare) 120
8.5 Signa PET/MRI (GE Healthcare) 120
9 Current and Future Players 122
9.1 Overview 122
9.2 Aurora Imaging 122
9.3 China Resources Wandong Medical Equipment 124
9.4 Esaote S.p.A. 125
9.5 Fonar Corporation 126
9.6 GE Healthcare 128
9.7 Hitachi Medical Corporation 130
9.8 Hologic 132
9.9 Mindray 134
9.10 Neusoft Medical 135
9.11 Ningbo Xingaoyi Medical 136
9.12 Philips Healthcare 138
9.13 Siemens Healthcare 140
9.14 Sina Healthcare 143
9.15 Time Medical 145
9.16 Toshiba Medical Systems Corporation 147
10 Stategic Competitive Assessment 149
10.1 Company Market Share 149
11 Market Outlooks by Market Segment 165
11.1 Market Segment by Country 165
12 Market Outlooks by Geography 176
12.1 Global 176
12.2 5EU 181
12.3 APAC 184
12.4 United States 187
12.5 France 189
12.6 Germany 191
12.7 Italy 194
12.8 Spain 196
12.9 United Kingdom 198
12.10 Japan 200
12.11 China 202
12.12 India 204
12.13 Brazil 206
13 Appendix 209
13.1 Bibliography 209
13.2 Abbreviations 215
13.3 Report Methodology 218
13.4 Forecasting Methodology 219
13.5 Primary Research — Key Opinion Leaders 220
13.6 Primary Research — Physician and Industry Overviews 220
13.7 Physicians and Experts Included in this Study 224
13.8 About the Authors 226
13.9 About MediPoint 227
13.10 About GlobalData 227
13.11 Disclaimer 227

1.1 List of Tables
Table 1: MRI Procedure Targets 33
Table 2: Indications for an Immediate Emergency MRI 34
Table 3: Advantages and Disadvantages of MRI 36
Table 4: Magnetic Resonance Imaging Technology SWOT Analysis 37
Table 5: Selected Group Purchasing Organizations in the US and EU 42
Table 6: United States Average Selling Price by Market Segment (2011-2020), $m 64
Table 7: France Average Selling Price by Market Segment (2011-2020), $m 65
Table 8: Germany Average Selling Price by Market Segment (2011-2020), $m 66
Table 9: Italy Average Selling Price by Market Segment (2011-2020), $m 67
Table 10: Spain Average Selling Price by Market Segment (2011-2020), $m 68
Table 11: United Kingdom Average Selling Price by Market Segment (2011-2020), $m 69
Table 12: Japan Average Selling Price by Market Segment (2011-2020), $m 70
Table 13: China Average Selling Price by Market Segment (2011-2020), $m 71
Table 14: India Average Selling Price by Market Segment (2011-2020), $m 72
Table 15: Brazil Average Selling Price by Market Segment (2011-2020), $m 73
Table 16: MRI Applications and Future Market Potential 84
Table 17: SWOT Analysis — Oasis 106
Table 18: SWOT Analysis — Echelon Oval 107
Table 19: SWOT Analysis — Discovery MR750w 108
Table 20: SWOT Analysis — Optima MR360 Advance 109
Table 21: SWOT Analysis — Optima MR450w 110
Table 22: SWOT Analysis — Signa HDxt 111
Table 23: SWOT Analysis — Vantage Titen 112
Table 24: SWOT Analysis — Ingenia 113
Table 25: SWOT Analysis — Achieva TX 114
Table 26: SWOT Analysis — Magnetom Aera 115
Table 27: SWOT Analysis — Magnetom C! 116
Table 28: SWOT Analysis — Magnetom Spectra 117
Table 29: SWOT Analysis — NSM-S15 117
Table 30: SWOT Analysis — Low-Field MRI Systems 118
Table 31: Low-Field MRI Systems 119
Table 32: SWOT Analysis — Mid-Field MRI Systems 120
Table 33: Mid-Field MRI Systems 121
Table 34: SWOT Analysis — High-Field MRI Systems 122
Table 35: High-Field MRI Systems 123
Table 36: SWOT Analysis — 11.7T MRI (Neurospin) 124
Table 37: SWOT Analysis — Aurora PET/MRI System (Aurora Imaging Technology) 125
Table 38: SWOT Analysis — Neona (Time Medical) 125
Table 39: SWOT Analysis — 7.0T MRI Scanner (GE Healthcare) 126
Table 40: SWOT Analysis — Signa PET/MR (GE Healthcare) 127
Table 41: Company Profile — Aurora Imaging 129
Table 42: Aurora Imaging, MRI System Device Portfolio 129
Table 43: SWOT Analysis — Aurora Imaging 129
Table 44: Company Profile — China Resources Wandong Medical Equipment 130
Table 45: China Resources Wandong Medical Equipment, MRI System Device Portfolio 130
Table 46: SWOT Analysis — China Resources Wandong Medical Equipment 131
Table 47: Company Profile — Esaote S.p.A. 131
Table 48: Esaote S.p.A., MRI System Device Portfolio 132
Table 49: SWOT Analysis — Esaote S.p.A. 132
Table 50: Company Profile — Fonar Corporation 133
Table 51: Fonar Corporation, MRI System Device Portfolio 133
Table 52: SWOT Analysis — Fonar Corporation 133
Table 53: Company Profile — GE Healthcare 134
Table 54: GE Healthcare, MRI System Device Portfolio 135
Table 55: SWOT Analysis — GE Healthcare 136
Table 56: Company Profile — Hitachi Medical Corporation 137
Table 57: Hitachi Medical Corporation, MRI System Device Portfolio 137
Table 58: SWOT Analysis — Hitachi Medical 138
Table 59: Company Profile — Hologic 139
Table 60: SWOT Analysis — Hologic 139
Table 61: Company Profile — Mindray 140
Table 62: Mindray, MRI System Device Portfolio 140
Table 63: SWOT Analysis — Mindray 141
Table 64: Company Profile — Neusoft Medical 141
Table 65: Neusoft Medical, MRI System Device Portfolio 142
Table 66: SWOT Analysis — Neusoft Medical 142
Table 67: Company Profile — Ningbo Xingaoyi Medical 143
Table 68: Ningbo Xingaoyi Magnetism, MRI System Device Portfolio 143
Table 69: SWOT Analysis — Ningbo Xingaoyi Magnetism 143
Table 70: Company Profile — Philips Healthcare 144
Table 71: Philips Healthcare, MRI System Device Portfolio 145
Table 72: SWOT Analysis — Philips Healthcare 146
Table 73: Company Profile — Siemens Healthcare 147
Table 74: Siemens Healthcare, MRI System Device Portfolio 148
Table 75: SWOT Analysis — Siemens Healthcare 149
Table 76: Company Profile — Sina Healthcare 150
Table 77: Sina Healthcare, MRI System Device Portfolio 151
Table 78: SWOT Analysis — Sina Healthcare 151
Table 79: Company Profile — Time Medical 152
Table 80: Time Medical, MRI System Device Portfolio 152
Table 81: SWOT Analysis — Time Medical 153
Table 82: Company Profile — Toshiba 153
Table 83: Toshiba, MRI System Device Portfolio 154
Table 84: SWOT Analysis — Toshiba 154
Table 85: Global Market Sales for MRI Systems (2012) 156
Table 86: United States Market Sales for MRI Systems (2012) 157
Table 87: 5EU Market Sales for MRI Systems (2012) 158
Table 88: APAC Market Sales for MRI Systems (2012) 160
Table 89: France Market Sales for MRI Systems (2012) 161
Table 90: Germany Market Sales for MRI Systems (2012) 162
Table 91: Italy Market Sales for MRI Systems (2012) 163
Table 92: Spain Market Sales for MRI Systems (2012) 164
Table 93: United Kingdom Market Sales for MRI Systems (2012) 165
Table 94: Japan Market Sales for MRI Systems (2012) 166
Table 95: China Market Sales for MRI Systems (2012) 167
Table 96: India Market Sales for MRI Systems (2012) 168
Table 97: Brazil Market Sales for MRI Systems (2012) 169
Table 98: United States Market Segment, 2012 and 2020 171
Table 99: France Market Segment, 2012 and 2020 173
Table 100: Germany Market Segment, 2012 and 2020 174
Table 101: Italy Market Segment, 2012 and 2020 175
Table 102: Spain Market Segment, 2012 and 2020 176
Table 103: United Kingdom Market Segment, 2012 and 2020 177
Table 104: Japan Market Segment, 2012 and 2020 178
Table 105: China Market Segment, 2012 and 2020 179
Table 106: India Market Segment, 2012 and 2020 180
Table 107: Brazil Market Segment, 2012 and 2020 181
Table 108: Global Market by Country, 2012 and 2020 182
Table 109: Global Market Value by Country (2011-2020), $m 184
Table 110: Global Market Value Forecast by Market Segment for MRI Systems (2011-2020), $m 185
Table 111: Global Total Sales Volume by Country (2011-2020) 186
Table 112: 5EU Market by Country, 2012 and 2020 187
Table 113: 5EU Market Value by Market Segment for MRI Systems (2011-2020), $m 189
Table 114: APAC Market by Country, 2012 and 2020 190
Table 115: APAC Market Value by Market Segment for MRI Systems (2011-2020), $m 192
Table 116: United States Market Value Forecast by Market Segment (2011-2020), $m 193
Table 117: United States Installed Base of MRI Systems (2011-2020) 195
Table 118: France Market Value Forecast by Market Segment (2011-2020), $m 196
Table 119: France Installed Base of MRI Systems (2011-2020) 197
Table 120: Germany Market Value Forecast by Market Segment (2011-2020), $m 198
Table 121: Germany Installed Base of MRI Systems (2011-2020) 199
Table 122: Italy Market Value Forecast by Market Segment (2011-2020), $m 200
Table 123: Italy Installed Base of MRI Systems (2011-2020) 201
Table 124: Spain Market Value Forecast by Market Segment (2011-2020), $m 202
Table 125: Spain Installed Base of MRI Systems (2011-2020) 203
Table 126: United Kingdom Market Value Forecast by Market Segment (2011-2020), $m 204
Table 127: United Kingdom Installed Base of MRI Systems (2011-2020) 205
Table 128: Japan Market Value Forecast by Market Segment (2011-2020), $m 206
Table 129: Japan Installed Base of MRI Systems (2011-2020) 207
Table 130: China Market Value Forecast by Market Segment (2011-2020), $m 208
Table 131: China Installed Base of MRI Systems (2011-2020) 209
Table 132: India Market Value Forecast by Market Segment (2011-2020), $m 210
Table 133: India Installed Base of MRI Systems (2011-2020) 211
Table 134: Brazil Market Value Forecast by Market Segment (2011-2020), $m 212
Table 135: Brazil Installed Base of MRI Systems (2011-2020) 213
Table 136: Primary Research Interviews Completed by Country 227
Table 137: Primary Research Interviews Completed by Designation 228

1.2 List of Figures
Figure 1: United States Average Selling Price by Market Segment 65
Figure 2: France Average Selling Price by Market Segment 66
Figure 3: Germany Average Selling Price by Market Segment 67
Figure 4: Italy Average Selling Price by Market Segment 68
Figure 5: Spain Average Selling Price by Market Segment 69
Figure 6: United Kingdom Average Selling Price by Market Segment 70
Figure 7: Japan Average Selling Price by Market Segment 71
Figure 8: China Average Selling Price by Market Segment 72
Figure 9: India Average Selling Price by Market Segment 73
Figure 10: Brazil Average Selling Price by Market Segment 74
Figure 11: Average Age for Magnetic Resonance Imaging Machines in 5EU in 2013 97
Figure 12: Global Market Share for MRI Systems (2012) 156
Figure 13: United States Market Share for MRI Systems (2012) 158
Figure 14: 5EU Market Share for MRI Systems (2012) 159
Figure 15: APAC Market Share for MRI Systems (2012) 160
Figure 16: France Market Share for MRI Systems (2012) 161
Figure 17: Germany Market Share for MRI Systems (2012) 162
Figure 18: Italy Market Share for MRI Systems (2012) 163
Figure 19: Spain Market Share for MRI Systems (2012) 164
Figure 20: United Kingdom Market Share for MRI Systems (2012) 165
Figure 21: Japan Market Share for MRI Systems (2012) 166
Figure 22: China Market Share for MRI Systems (2012) 167
Figure 23: India Market Share for MRI Systems (2012) 169
Figure 24: Brazil Market Share for MRI Systems (2012) 170
Figure 25: United States Market Segment, 2012 and 2020 172
Figure 26: France Market Segment, 2012 and 2020 173
Figure 27: Germany Market Segment, 2012 and 2020 174
Figure 28: Italy Market Segment, 2012 and 2020 175
Figure 29: Spain Market Segment, 2012 and 2020 176
Figure 30: United Kingdom Market Segment, 2012 and 2020 177
Figure 31: Japan Market Segment, 2012 and 2020 178
Figure 32: China Market Segment, 2012 and 2020 179
Figure 33: India Market Segment, 2012 and 2020 180
Figure 34: Brazil Market Segment, 2012 and 2020 181
Figure 35: Global Market by Country, 2012 and 2020 183
Figure 36: Global Market Value by Country (2011-2020) 185
Figure 37: Global Market Value Forecast by Market Segment for MRI Systems (2011-2020) 186
Figure 38: Global Total Sales Volume (2011-2020) 187
Figure 39: 5EU Market by Country, 2012 and 2020 188
Figure 40: 5EU Market Value by Market Segment for MRI Systems (2011-2020), $m 189
Figure 41: APAC Market by Country, 2012 and 2020 191
Figure 42: APAC Market Value Forecast by Market Segment for MRI Systems (2011-2020), $m 192
Figure 43: United States Market Value Forecast by Market Segment (2011-2020), $m 194
Figure 44: United States Installed Base of MRI Systems (2011-2020) 195
Figure 45: France Market Value Forecast by Market Segment (2011-2020), $m 196
Figure 46: France Installed Base of MRI Systems (2011-2020) 197
Figure 47: Germany Market Value Forecast by Market Segment (2011-2020), $m 198
Figure 48: Germany Installed Base of MRI Systems (2011-2020) 199
Figure 49: Italy Market Value Forecast by Market Segment (2011-2020), $m 201
Figure 50: Italy Installed Base of MRI Systems (2011-2020) 202
Figure 51: Spain Market Value Forecast by Market Segment (2011-2020), $m 203
Figure 52: Spain Installed Base of MRI Systems (2011-2020) 204
Figure 53: United Kingdom Market Value Forecast by Market Segment (2011-2020), $m 205
Figure 54: United Kingdom Installed Base of MRI Systems (2011-2020) 206
Figure 55: Japan Market Value Forecast by Market Segment (2011-2020), $m 207
Figure 56: Japan Installed Base of MRI Systems (2011-2020) 208
Figure 57: China Market Value Forecast by Market Segment (2011-2020), $m 209
Figure 58: China Installed Base of MRI Systems (2011-2020) 210
Figure 59: India Market Value Forecast by Market Segment (2011-2020), $m 211
Figure 60: India Installed Base of MRI Systems (2011-2020) 212
Figure 61: Brazil Market Value Forecast by Market Segment (2011-2020), $m 213
Figure 62: Brazil Installed Base of MRI Systems (2011-2020) 214
Figure 63: Primary Research Interviews Completed by Country 227
Figure 64: Primary Research Interviews Completed by Designation 228

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