Global Magnetic Resonance Imaging (MRI) Equipment Industry

  • February 2015
  • -
  • Global Industry Analysts
  • -
  • 429 pages

This report analyzes the worldwide markets for Magnetic Resonance Imaging (MRI) Equipment in Units and US$ Million by the following Product Segments: Closed MRI Systems, and Open MRI Systems. The US Market for MRI Equipment is separately analyzed by the following segments, categorized by magnetic field strength: Low & Mid-Field Systems, High Field Systems, and Very High-Field Systems. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2014 through 2020. Also, a seven-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 36 companies including many key and niche players such as -

China Resources Wandong Medical Equipment Co., Ltd.
Esaote SPA
FONAR Corporation
GE Healthcare
Hitachi Medical Corporation

Table Of Contents

Global Magnetic Resonance Imaging (MRI) Equipment Industry



I. INTRODUCTION, METHODOLOGY and PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations I-1
Disclaimers I-2
Data Interpretation and Reporting Level I-2
Quantitative Techniques and Analytics I-3
Product Definitions and Scope of Study I-3
Closed MRI Systems I-3
Open MRI Systems I-3
Low and Mid-Field Systems I-4
High Field Systems I-4
Very-High Field Systems I-4


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW II-1
Prelude II-1
Current and Future Analysis II-2
Growth Drivers and Growth Restraints in a Gist II-2
Growth Drivers II-2
Growth Restraints II-3
Analysis by Design Type II-3
Analysis by Region II-3
US - The Dominant Market II-3
Table 1: US Cancer Incidence by Gender: 2014E (includes
corresponding Graph/Chart) II-4
Developing Economies Offer Lucrative Opportunities II-4
Table 2: Number of MRI Machines per Million People in
Select Countries Worldwide: 2012 (includes corresponding
Graph/Chart) II-5

Table 3: MRI Scans Per 1,000 People in Select Countries
Worldwide: 2011 (includes corresponding Graph/Chart) II-6
MRI Establishes Superiority over Other Imaging Techniques II-7
Major Advantages or MRI II-7
Clinical Applications of MRI II-7
Table 4: Global MRI Usage by Application Area (2013)
(includes corresponding Graph/Chart) II-9
Open MRI - Continues to Make Rapid Strides II-9
Technological Advancements Boost MRI Market II-9
GE Healthcare's Silent Scan Technology: A Major Technological
Breakthrough II-10
Fusion and Hybrid MRI Systems to Herald a New Era of Diagnosis II-10
Superconducting MgB2 Wires Enhances Image Quality and
Lifespan of MRI Systems II-11
MRI Advancements in Brain Imaging II-11
Automated Scanning Technology - A Boon for Patients II-12
Dedicated MRI Systems - Offering High Imaging Quality at
Affordable Prices II-12
Whole-Body and Black Blood Systems: Improving Diagnostic
Abilities II-12
Hyperpolarized Gases as Contrast Agents II-12
Improved Imaging Techniques II-13
Will High Field Systems Replace Standard Field Systems in
Foreseeable Future? II-13
Competitive Scenario II-14
Table 5: Leading Manufacturers in the Global MRI Equipment
Market (2013): Percentage Breakdown of Value Sales for GE
Healthcare, Hitachi Medical Corp., Philips Healthcare,
Siemens Healthcare, Toshiba Medical and Others (includes
corresponding Graph/Chart) II-15

2. MARKET TRENDS/DRIVERS/ISSUES II-16
Recession Hits Medical Imaging Industry II-16
MRI - The Most Affected Modality in Medical Imaging during
Recession II-16
Economic Crisis and MRI Market in BRIC Countries II-17
Clinical Acceptance of MRI Systems on Rise II-17
Aging World Population Signals Growth Opportunities II-18
Table 6: Global Population Statistics (2014): Population by
Region in Millions and Percentage Share of 65+ Age Group
(includes corresponding Graph/Chart) II-19

Table 7: Global Population Statistics for the 65+ Age Group
(2013) (includes corresponding Graph/Chart) II-20

Table 8: Percentage of Population Aged 65 and Above in EU-27
Countries, US and Japan (1960-2030) (includes corresponding
Graph/Chart) II-21

Table 9: Elderly Population (65+ Years) as a Percentage of
the Total Population: 2025 (includes corresponding
Graph/Chart) II-21
India and China Offer Significant Growth Opportunities II-22
Table 10: Ten Largest Populated Countries Worldwide (July
2013): Total Population (in Millions) by Age Group 0-14
Years, 15-44 Years, 45-64 Years, and 65+ Years for China,
India, US, Indonesia, Brazil, Pakistan, Nigeria, Bangladesh,
Russia and Japan (includes corresponding Graph/Chart) II-22

Table 11: Ten Largest Populated Countries Worldwide (July
2013): Percentage Population by Age Group 0-14 Years, 15-44
Years, 45-64 Years, and 65+ Years for China, India, US,
Indonesia, Brazil, Pakistan, Nigeria, Bangladesh, Russia and
Japan (includes corresponding Graph/Chart) II-23
Growing Middle Class Population to Drive Demand II-23
Table 12: World Middle Class Population (2012 and 2030F):
Percentage Share Breakdown by Region - Asia-Pacific, Europe,
Latin America, Middle East and Africa and North America
(includes corresponding Graph/Chart) II-24
Improving Healthcare Expenditure to Foster Growth II-24
Table 13: Top 20 Countries with the Highest Healthcare
Spending as a Percentage of GDP: 2012 (includes corresponding
Graph/Chart) II-25
Rising Incidence of Cancer - A Major Growth Driver II-25
World Cancer Statistics - Incidence and Mortality Data II-26
Table 14: World Cancer Incidence by Geographic Region
(2012): Number of New Cancer Cases Reported in Thousands for
Asia-Oceania, Europe, North America, Latin America and the
Caribbean, and Africa (includes corresponding Graph/Chart) II-26

Table 15: World Cancer Mortality by Geographic Region and
Gender (2012): Number of Cancer-Related Deaths in Thousands
for Asia-Oceania, Europe, North America, Latin America and the
Caribbean, and Africa (includes corresponding Graph/Chart) II-27
Breast MRI Holds Potential Upside II-27
Opportunity Indicator II-29
Table 16: World Breast Cancer Statistics: Top 20 Countries
with Highest Breast Cancer Rates (includes corresponding
Graph/Chart) II-29
CAD Simplifies Breast MRI Image Analysis; Tremendous Scope
for Adoption Ahead II-29
Image-Guided Interventions to Fuel Growth in MRI Market II-30
MRI-Guided Surgical Robots: A Step towards Wider Adoption II-30
Functional MRI - The Superior Technique II-31
Growing Impact of MRI in Neurology Applications II-31
Extremity MRI Systems - Emerges as a Low Cost Solution II-31
Virtual PET/MRI System - High Potential II-31
Table 17: Global Market for PET Systems by Type (2012 and 2020
(P)): Percentage Share Breakdown of Value Sales for PET
Systems and Hybrid PET/MRI Systems (includes corresponding
Graph/Chart) II-32
Major Players Come Up with New Hybrid PET/MRI Systems II-32
Broad Clinical Applications to Drive Demand for Hybrid PET/MR
Systems II-33
Digital Silicon Photomultiplier Array for PET/MRI Systems II-34
PET-MRI Emerging as a Promising Standard for Imaging Soft
Tissue Contrast II-34
Ultrasound and MRI Imaging: An Efficient Combination II-34
Scanning Extends to Facilities Other Than Hospitals II-35
Targeted MRI - A Technology in Development II-35
Growing Popularity of 3T Scanners II-35
Development of New Procedures Driving Growth in the MRI Market II-35
Dot - The Next Best Thing in MRI II-36
Shift in MRI Equipment Purchasing Patterns II-36
Increase in number of Private Hospitals and Clinics Drive MRI
Market II-37
Manufacturers Focus on Offering Custom-made Equipment II-37
Helium Gas - Growing Cause of Concern II-37
Gadolinium - Causing Fatal Conditions II-38
Reimbursement Issues Threaten Future Growth of MR Imaging Market II-38
Refurbished MRI Equipment - Posing Threat to New Equipment Market II-38
Table 18: Global Refurbished Diagnostic Devices Market by
Product Category (2013): Percentage Breakdown of Value Sales
for CT, MRI, Ultrasound, X-rays and Others (includes
corresponding Graph/Chart) II-39
High Equipment Cost Limits Increased Uptake II-39
Table 19: Cost Comparison of Different Imaging Modalities (
includes corresponding Graph/Chart) II-39
Factors Affecting Penetration of MRI Equipment II-39

3. MRI EQUIPMENT: PRODUCT OVERVIEW II-41
Evolution of MRI II-41
Specialized MRI Equipment for Operational Efficiency II-42
MRI for Operating Room II-42
Functioning of MRI Equipment II-42
MRI Equipment Types II-43
Whole Body Scanners/Closed MRI Systems II-43
Whole-body II-43
Very High-Field Whole-Body Scanners II-43
Open MRI Systems II-44
Merits of Open system II-44
Open System Vs. Whole-body system II-45
Dedicated MRI II-45
MRI Equipment Classification based on Magnetic Strength II-45
Advantages of High Field Strength Magnets Over Low Field
Strength Magnets II-46
MRI Magnet: Key Component of MRI System II-47
Impact of New Magnet Technology on MRI System II-47
Magnetic Field Gradient: Vital Component of Magnetic
Resonance Imaging System II-47
Specialized RF Coils II-48
Open Magnetic Resonance Imaging Systems II-48
Advantages of Open MRI Systems II-48
Select Mid, High Field Open Systems II-48
Select Low Field Open Systems II-49

4. UTILITIES OF MRI EQUIPMENT II-50
Advantages of MRI Systems II-50
Safety Aspects II-50
Associated Costs II-50
New Areas of Application II-51
MRI Portrays Anatomy of the Prospective Kidney Donor Accurately II-51
Detection of Re-Narrowed Heart Arteries II-51
Injection of Corticosteroid Directly into the Sacroiliac
Joints (SIJ) II-51
Breast MRI Gaining Popularity as a Diagnostic Tool II-51
Destruction of Fibroid Tumors of the Uterus II-52
Early Stage Detection of Alzheimer's II-52
Functional MRI II-52
fMRI in Clinical Settings II-52
Challenges to fMRI II-53

5. VERY HIGH FIELD SYSTEMS - REDEFINING EFFICIENCY II-54
3T Scanner Changes Imaging Landscape II-54
Promising Areas of 3T Scanners II-54
1.5T Systems Bow to the New 3T Scanners II-55
3T Systems on the Roll Out II-55
7.0 Tesla II-56
Capabilities of 7T II-56
Concerns over Use of 7T II-57
9.4 Tesla- The Next On Roll II-57

6. COMPETITIVE IMAGING TECHNOLOGIES II-58
X-Ray II-58
Ultrasound II-58
Computed Tomography (CT) System II-58
Spiral CT II-59
PET and SPECT II-59
Nuclear Medicine II-59
MRI Compared with Other Imaging Options II-60
Technical Performance II-60
Safety II-60
Comparison of MRI Against Other Imaging Modalities II-60
Clinical Usefulness, Costs, and Availability II-61
Therapeutic Capabilities II-61
Contra-indications for MRI scanning II-61

7. PRODUCT INTRODUCTIONS/INNOVATIONS/ APPROVALS II-62
IMRIS Obtains CE Mark Approval for Integrating Next-
Generation MR Scanners with VISIUS Surgical Theatre II-62
Toshiba Unveils Vantage Elan1.5T MRI System II-62
Toshiba America Medical Systems Introduces M-Power MR Software II-62
Toshiba Introduces CardioLine Cardiac Positioning Alignment
Tool for Vantage Titanâ„¢ 1.5T and 3T MR Systems II-62
Mediso Medical Introduces New MRI Subsystems II-62
ContextVision Introduces GOPView MRI2Plus Software II-62
Toshiba Introduces New Functionalities for Vantage Titanâ„¢ MR
systems II-62
Toshiba Upgrades M-Powerâ„¢ User Interface II-63
Siemens Obtains FDA Approval for MAGNETOM Prisma 3T MRI System II-63
GE Healthcare Launches Silent Scan Technology II-63
Sanrad Releases New Open MRI Model ELIXBO 545 II-63
Royal Philips Electronics Unveils Innovative Clinical
Functionalities in MRI II-63
St. Jude Medical Introduces Accent MRI Pacemaker II-63
MILabs and RS2D Unveil Modular SPECT/PET/ CT/MRI Solutions II-63
GE Healthcare Launches Mavric SL MRI Technology II-64
Esaote Group Unveils Next Generation Ultrasound and Dedicated
MRI Technologies II-64
ISOL Technology Launches 1.5T MRI CHORUS System II-64
Medtronic Introduces Advisa DR MRI SureScan Pacing System in
the US II-64
Siemens Healthcare to Launch MAGNETOM Prisma MRI System II-64
GE Healthcare Unveils Optima MR360 Advance Digital Broadband
MRI System II-64
GE Healthcare Launches MR VesselIQ Xpress and CardiacVX
Cardiovascular MRI Analysis Software II-64
Medtronic Unveils RestoreSensor® SureScan® MRI
Neurostimulation Systems for Chronic Pain II-64
Toshiba America Medical Systems to Introduce Vantage Titanâ„¢ 3T
MR System II-65
GE Healthcare Japan to Expand MRI Devices Portfolio II-65
Philips Rolls Out Achieva 1.5T XR MRI Scanner II-65
Medtronic Introduces Advisa DR MRI SureScan Pacing System in
Japan II-65
Mediso Medical Imaging Systems Launches Advanced nanoScan®
Four Modality Pre-clinical Imaging Platform II-65
IRadimed Introduces iMAGOX 2460 Nonmagnetic MRI Compatible
SpO2 Monitor II-65
Sanrad Medical Systems Introduces Innovative 1.5T
Superconducting MRI Equipment II-65
MR Solutions Unveils New High-Performance 3T MRI Scanners II-66
Agilent Technologies Launches nScope eMRI Preclinical Imaging
System II-66
Newmatic Medical Unveils MRI-Conditional LabWall II-66
Esaote Launches Advanced G-Scan Brio Weight-Bearing MRI System II-66
General Electric Introduces Quieter MRI Technology II-66
GE Healthcare Expands Caring Magnetic Resonance Suites II-66
GE Healthcare Launches Brivo MR355 Inspire and Optima MR360
Advance Systems II-66
Siemens Healthcare Introduces Magnetom Spectra Magnetic
Resonance Imaging System II-66
Toshiba America Medical Systems Introduces Vantage Titanâ„¢ 1.5T
MR Series II-67
Toshiba America Medical Systems Unveils Vantage Titanâ„¢ MR
Product Line II-67

8. RECENT INDUSTRY ACTIVITY II-68
Amerinet Enters into Agreement with Esaote North America for
MRI Equipment II-68
University Medical Center Utrecht Commences Installation of
High-Field MRI-Guided Radiation Therapy System II-68
Imris Relocates to Minnetonka, US II-68
GE Healthcare and Tesla Engineering Collaborate to Develop
Ultra High-Field 7.0T MRI Systems II-68
Rangatira Takes Over Minority Stake in Magritek II-68
IRadimed Secures Contract from HealthTrust Purchasing Group
for MRidiumâ„¢ MRI Infusion Pump Systems II-68
PinnacleHealth Deploys Vantage Titanâ„¢ 3T Solution of Toshiba
America Medical Systems II-69
MRI Interventions and IMRIS Integrate ClearPoint® Neuro
Intervention System and Intraoperative MRI II-69
Horizon CSA Inks Exclusive Vendor Supplier Agreement with Cool
Pair Plus II-69
Neusoft Medical Systems Acquires Majority Stake in Philips and
Neusoft Medical Systems II-69
Schiller India and Paramed Medical Systems Enter into
Collaboration for Standing MRI II-69
FONAR Acquires Business Managing Stand-Up® MRI centers and
Scanning Centers II-69
Toshiba Medical Systems Establishes New Subsidiary in South Korea II-69
Toshiba Medical Systems Acquires Majority Interest in TMST II-70
Esaote Group Expands Commercial Presence outside Europe II-70
Diagnostic Imaging Services Installs 3T MRI System II-70
Shands at the University of Florida Purchases Vantage Titanâ„¢
3T MR Systems of Toshiba America Medical Systems II-70
American Medical Imaging to Setup Imaging Center with High-
Field Performance Open MRI II-70
Nexus Systems Enters into Partnership with MRI Software II-70
Manchester United and Toshiba Medical Systems Enter into
Partnership II-70
Siemens Healthcare and Varian Medical Systems Ink Agreement II-71
Tranzbyte Inks Preliminary Agreement with Hurricane Enterprises II-71
The Sint Maartenskliniek Enters into Managed Services
Agreement with Royal Philips Electronics II-71
Philips Healthcare Collaborates with Brainlab on Intra-
Operative MRI for Neurosurgery II-71
Akron General Medical Center Selects Brainlab for Deployment
of Brainsuite iCT and iMRI II-71
Philips and Elekta to Extend Collaboration II-71
Winn Army Community Hospital Deploys Vantage Titanâ„¢ 3T MR
System of Toshiba II-71
Centro Medico Teknon Purchases High Field Open Panoramic MRI
System II-72
Life Little Company of Mary Hospital Deploys Philips Ingenia
3.0 Tesla MRI System II-72
Royal Philips Electronics Introduces New Enhancements to MRI
and Ultrasound Systems II-72
Toshiba America Medical Systems Establishes Toshiba MR
Research Center II-72

9. FOCUS ON SELECT PLAYERS II-73
China Resources Wandong Medical Equipment Co., Ltd. (China) II-73
Esaote SPA (Italy) II-73
FONAR Corporation (USA) II-74
GE Healthcare (UK) II-75
Hitachi Medical Corporation (Japan) II-76
IMRIS, Inc. (US) II-76
Medinus Co., Ltd. (South Korea) II-76
Medtronic, Inc. (USA) II-77
Philips Healthcare (US) II-77
Shenzhen Anke High-tech Co., Ltd. (China) II-78
Siemens Healthcare (Germany) II-78
Toshiba Medical Systems Corp. (Japan) II-79
Toshiba America Medical Systems, Inc. (US) II-79

10. GLOBAL MARKET PERSPECTIVE II-80
A. Unit Analytics II-80
Table 20: World Recent Past, Current and Future Analysis for
Magnetic Resonance Imaging Equipment by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets Independently
Analyzed with Annual Sales Figures in Units for Years 2014
through 2020 (includes corresponding Graph/Chart) II-80

Table 21: World Historic Review for Magnetic Resonance
Imaging Equipment by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and
Rest of World Markets Independently Analyzed with Annual
Sales Figures in Units for Years 2007 through 2013 (includes
corresponding Graph/Chart) II-81

Table 22: World 14-Year Perspective for Magnetic Resonance
Imaging Equipment by Geographic Region - Percentage Breakdown
of Volume Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
for Years 2007, 2015 and 2020 (includes corresponding
Graph/Chart) II-82
MRI Equipment Market by Segment II-83
Table 23: World Recent Past, Current and Future Analysis for
Closed MRI Systems by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and
Rest of World Markets Independently Analyzed with Annual
Sales Figures in Units for Years 2014 through 2020 (includes
corresponding Graph/Chart) II-83

Table 24: World Historic Review for Closed MRI Systems by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales Figures in Units for
Years 2007 through 2013 (includes corresponding Graph/Chart) II-84

Table 25: World 14-Year Perspective for Closed MRI Systems by
Geographic Region - Percentage Breakdown of Volume Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2007, 2015 and
2020 (includes corresponding Graph/Chart) II-85

Table 26: World Recent Past, Current and Future Analysis for
Open MRI Systems by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (Excluding Japan), Latin America and
Rest of World Markets Independently Analyzed with Annual
Sales Figures in Units for Years 2014 through 2020 (includes
corresponding Graph/Chart) II-86

Table 27: World Historic Review for Open MRI Systems by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales Figures in Units for
Years 2007 through 2013 (includes corresponding Graph/Chart) II-87

Table 28: World 14-Year Perspective for Open MRI Systems by
Geographic Region - Percentage Breakdown of Volume Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2007, 2015 and
2020 (includes corresponding Graph/Chart) II-88
B. Dollar Analytics II-89
Table 29: World Recent Past, Current and Future Analysis for
Magnetic Resonance Imaging Equipment by Geographic Region -
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets Independently
Analyzed with Annual Sales Figures in US$ Million for Years
2014 through 2020 (includes corresponding Graph/Chart) II-89

Table 30: World Historic Review for Magnetic Resonance
Imaging Equipment by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and
Rest of World Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2007 through 2013
(includes corresponding Graph/Chart) II-90

Table 31: World 14-Year Perspective for Magnetic Resonance
Imaging Equipment by Geographic Region - Percentage Breakdown
of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
for Years 2007, 2015 and 2020 (includes corresponding
Graph/Chart) II-91
MRI Equipment Market by Segment II-92
Table 32: World Recent Past, Current and Future Analysis for
Closed MRI Systems by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and
Rest of World Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2014 through 2020
(includes corresponding Graph/Chart) II-92

Table 33: World Historic Review for Closed MRI Systems by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2007 through 2013 (includes corresponding
Graph/Chart) II-93

Table 34: World 14-Year Perspective for Closed MRI Systems by
Geographic Region - Percentage Breakdown of Dollar Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2007, 2015 and
2020 (includes corresponding Graph/Chart) II-94

Table 35: World Recent Past, Current and Future Analysis for
Open MRI Systems by Geographic Region - US, Canada, Japan,
Europe, Asia-Pacific (excluding Japan), Latin America and
Rest of World Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2014 through 2020
(includes corresponding Graph/Chart) II-95

Table 36: World Historic Review for Open MRI Systems by
Geographic Region - US, Canada, Japan, Europe, Asia-Pacific
(excluding Japan), Latin America and Rest of World Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2007 through 2013 (includes corresponding
Graph/Chart) II-96

Table 37: World 14-Year Perspective for Open MRI Systems by
Geographic Region - Percentage Breakdown of Dollar Sales for
US, Canada, Japan, Europe, Asia-Pacific (excluding Japan),
Latin America and Rest of World Markets for Years 2007, 2015 and
2020 (includes corresponding Graph/Chart) II-97


III. MARKET

1. THE UNITED STATES III-1
A.Market Analysis III-1
Current and Future Analysis III-1
Changing Technological Scenario III-2
In the 80s III-2
1990s Mark Openness III-2
Installed Base and Procedural Volumes III-2
Table 38: US Market for MRI Systems by Type (2013):
Percentage Breakdown of MRI Installed Base for 1.5T, and =3T (includes corresponding Graph/Chart) III-2

Table 39: Number of MRI Procedures in US in Millions for
Years 2004 through 2013 (includes corresponding
Graph/Chart) III-3
US Market for Low and Mid-Field MRI Systems III-3
Imaging Centers Feel the Heat during Recession III-3
Demographic Changes Offer Growth Opportunities III-4
Table 40: Percentage Distribution of US Population by Age
Group: 2015 (includes corresponding Graph/Chart) III-4
Advancements in Technology to Drive the Market III-4
Alzheimer's Disease Detection Opens New Avenues for MRI Systems III-5
Alzheimer's Statistics III-5
Table 41: Alzheimer's Prevalence in the US: As a Percentage
of Population by Age-Group (includes corresponding
Graph/Chart) III-5

Table 42: Alzheimer's Prevalence in the US by State: 2014 and
2025 (includes corresponding Graph/Chart) III-6
Reimbursement III-6
Current Reimbursement Scenario III-7
Professional Vs Technical Reimbursements III-7
The Fallout of ATRA on MRI Examination Trends III-8
Competitive Scenario III-8
Table 43: Leading Players in the US MRI Equipment Market
(2013): Percentage Breakdown of Value Sales for GE
Healthcare, Philips Healthcare, Siemens Healthcare and
Others (includes corresponding Graph/Chart) III-9

Table 44: Leading Players in the US High-Field MRI
Equipment Market (2013): Percentage Breakdown of Value
Sales for GE Healthcare, Philips Healthcare, Siemens
Healthcare, Toshiba America and Others (includes
corresponding Graph/Chart) III-9

Table 45: Leading Players in the US Open MRI Equipment
Market (2013): Percentage Breakdown of Value Sales for
Fonar, GE Healthcare, Hitachi Medial, Toshiba America and
Others (includes corresponding Graph/Chart) III-9

Table 46: Leading Players in the US Closed MRI Equipment
Market (2013): Percentage Share Breakdown of Value Sales
for GE Healthcare, Philips Healthcare, Siemens Healthcare
and Others (includes corresponding Graph/Chart) III-10
EX-IM Statistics III-10
Table 47: US Exports of MRI Apparatus by Destination:
Percentage Breakdown of Export Value by Country for Years
2012 and 2013 (includes corresponding Graph/Chart) III-10

Table 48: US Imports of MRI Apparatus by Country of Origin:
Percentage Breakdown of Import Value by Country for Years
2012 and 2013 (includes corresponding Graph/Chart) III-11
Product Launches/Approvals III-11
Strategic Corporate Developments III-13
Select Players III-16
B.Market Analytics III-19
Unit Analytics III-19
Table 49: US Recent Past, Current and Future Analysis for
Magnetic Resonance Imaging Equipment by Magnetic Field -
Low and Mid-Field Systems, High-Field Systems, and Very
High-Field Systems Markets Independently Analyzed with
Annual Sales Figures in Units for Years 2014 through 2020
(includes corresponding Graph/Chart) III-19

Table 50: US Historic Review for Magnetic Resonance Imaging
Equipment by Magnetic Field - Low and Mid-Field Systems,
High-Field Systems, and Very High-Field Systems Markets
Independently Analyzed with Annual Sales Figures in Units
for Years 2007 through 2013 (includes corresponding
Graph/Chart) III-20

Table 51: US 14-Year Perspective for Magnetic Resonance
Imaging Equipment by Magnetic Field - Percentage Breakdown
of Volume Sales for Low and Mid-Field Systems, High-Field
Systems, and Very High-Field Systems Markets for Years
2007, 2015 and 2020 (includes corresponding Graph/Chart) III-21

Table 52: US Recent Past, Current and Future Analysis for
Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in Units
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-22

Table 53: US Historic Review for Magnetic Resonance Imaging
Equipment by Design Type - Closed MRI Systems and Open MRI
Systems Markets Independently Analyzed with Annual Sales
Figures in Units for Years 2007 through 2013 (includes
corresponding Graph/Chart) III-23

Table 54: US 14-Year Perspective for Magnetic Resonance
Imaging Equipment by Design Type - Percentage Breakdown of
Volume Sales for Closed MRI Systems and Open MRI Systems
Markets for Years 2007, 2015 and 2020 (includes corresponding
Graph/Chart) III-24
Dollar Analytics III-25
Table 55: US Recent Past, Current and Future Analysis for
Magnetic Resonance Imaging Equipment by Magnetic Field -
Low and Mid-Field Systems, High-Field Systems, and Very
High-Field Systems Markets Independently Analyzed with
Annual Sales Figures in US$ Million for Years 2014 through
2020 (includes corresponding Graph/Chart) III-25

Table 56: US Historic Review for Magnetic Resonance Imaging
Equipment by Magnetic Field - Low and Mid-Field Systems,
High-Field Systems, and Very High-Field Systems Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2007 through 2013 (includes corresponding
Graph/Chart) III-26

Table 57: US 14-Year Perspective for Magnetic Resonance
Imaging Equipment by Magnetic Field - Percentage Breakdown
of Dollar Sales for Low and Mid-Field Systems, High-Field
Systems, and Very High-Field Systems Markets for Years
2007, 2015 and 2020 (includes corresponding Graph/Chart) III-27

Table 58: US Recent Past, Current and Future Analysis for
Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-28

Table 59: US Historic Review for Magnetic Resonance Imaging
Equipment by Design Type - Closed MRI Systems and Open MRI
Systems Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2007 through 2013
(includes corresponding Graph/Chart) III-29

Table 60: US 14-Year Perspective for Magnetic Resonance
Imaging Equipment by Design Type - Percentage Breakdown of
Dollar Sales for Closed MRI Systems and Open MRI Systems
Markets for Years 2007, 2015 and 2020 (includes corresponding
Graph/Chart) III-30

2. CANADA III-31
A.Market Analysis III-31
Current and Future Analysis III-31
MRI Market Overview III-31
Installed Base of MRI Scanners Rises, Waiting Time Declines III-31
Advancements in Technology Drive Growth in Imaging Market III-32
Fusion of Modalities to Expand Applications III-32
Miniaturization and Increase in Computing Power III-32
Automation of Workflow III-32
3D/4D imaging and Computer-aided Detection III-32
Market Challenges III-33
Technological Constraints III-33
Diagnostic Confidence III-33
Interconnectivity and Standardization III-33
Accessibility III-33
Regulatory and Legal Restrictions III-33
Competitive Landscape III-33
Table 61: Leading Players in the Canadian MRI Equipment
Market (2013): Percentage Breakdown of Value Sales for GE
Healthcare, Hologic, Philips Healthcare, Siemens
Healthcare, Toshiba Medical Systems, and Others (includes
corresponding Graph/Chart) III-34
EX-IM Statistics III-34
Table 62: Canadian Exports of MRI Apparatus by Destination:
Percentage Breakdown of Export Value by Country for Years
2012 and 2013 (includes corresponding Graph/Chart) III-34

Table 63: Canadian Imports of MRI Apparatus by Country of
Origin: Percentage Breakdown of Import Value by Country for
Years 2012 and 2013 (includes corresponding Graph/Chart) III-35
B.Market Analytics III-36
Unit Analytics III-36
Table 64: Canadian Recent Past, Current and Future Analysis
for Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in Units
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-36

Table 65: Canadian Historic Review for Magnetic Resonance
Imaging Equipment by Design Type - Closed MRI Systems and
Open MRI Systems Markets Independently Analyzed with Annual
Sales Figures in Units for Years 2007 through 2013
(includes corresponding Graph/Chart) III-37

Table 66: Canadian 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Design Type - Percentage
Breakdown of Volume Sales for Closed MRI Systems and Open
MRI Systems Markets for Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-38
Dollar Analytics III-39
Table 67: Canadian Recent Past, Current and Future Analysis
for Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-39

Table 68: Canadian Historic Review for Magnetic Resonance
Imaging Equipment by Design Type - Closed MRI Systems and
Open MRI Systems Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2007 through 2013
(includes corresponding Graph/Chart) III-40

Table 69: Canadian 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Design Type - Percentage
Breakdown of Dollar Sales for Closed MRI Systems and Open
MRI Systems Markets for Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-41

3. JAPAN III-42
A.Market Analysis III-42
Current and Future Analysis III-42
Japanese MRI Market - An Overview III-42
Demographics and Healthcare III-42
Table 70: Japanese Elderly (65+ Years) Population:
2000-2020 (includes corresponding Graph/Chart) III-43
Effective Use of MRI Equipment - A Major Concern III-43
Overseas Players Dominate Japanese MRI Market III-44
Table 71: Leading Players in the Japanese MRI Equipment
Market (2013): Percentage Breakdown of Value Sales for GE
Healthcare, Siemens Healthcare, Toshiba and Others
(includes corresponding Graph/Chart) III-44
Product Introductions/Approvals III-44
Select Players III-45
B.Market Analytics III-46
Unit Analytics III-46
Table 72: Japanese Recent Past, Current and Future Analysis
for Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in Units
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-46

Table 73: Japanese Historic Review for Magnetic Resonance
Imaging Equipment by Design Type - Closed MRI Systems and
Open MRI Systems Markets Independently Analyzed with Annual
Sales Figures in Units for Years 2007 through 2013
(includes corresponding Graph/Chart) III-47

Table 74: Japanese 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Design Type - Percentage
Breakdown of Volume Sales for Closed MRI Systems and Open
MRI Systems Markets for Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-48
Dollar Analytics III-49
Table 75: Japanese Recent Past, Current and Future Analysis
for Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-49

Table 76: Japanese Historic Review for Magnetic Resonance
Imaging Equipment by Design Type - Closed MRI Systems and
Open MRI Systems Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2007 through 2013
(includes corresponding Graph/Chart) III-50

Table 77: Japanese 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Design Type - Percentage
Breakdown of Dollar Sales for Closed MRI Systems and Open
MRI Systems Markets for Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-51

4. EUROPE III-52
A.Market Analysis III-52
Current and Future Analysis III-52
European MRI Market Outlook III-52
MRI Vendor Space in Europe - An Overview III-53
Impact of Lag in Market Performance over Technology Innovation III-53
Aging Demography - An Opportunity Indicator III-53
Table 78: Population Breakup by Age Group for Select
European Countries: 2013 (as a Percentage of Total
Population) (includes corresponding Graph/Chart) III-54
Refurbished Medical Imaging Equipment Market: Gaining
Strength During Adversities III-55
Mobile Imaging Units in Demand III-55
Regulations for Imaging Equipment III-55
Uncertainty over Future Use of Clinical MRI in Europe Wilts III-55
Italy Shoots to the Top in MRI Density III-56
Table 79: MRI Scanners per Million People in Select
European Markets: 2011 (includes corresponding Graph/Chart) III-57

Table 80: Availability of MRI Scanners in Select European
Countries by Facility Type (2010): Breakdown of Number of
Units per Million Population for Hospital and Non-Hospital
Facilities (includes corresponding Graph/Chart) III-58
EX-IM Statistics III-59
Table 81: EU28 Imports of MRI Apparatus by Country of
Origin: Percentage Breakdown of Import Value by Country for
Years 2012 and 2013 (includes corresponding Graph/Chart) III-59

Table 82: EU28 Imports of MRI Apparatus by Country of
Origin: Percentage Breakdown of Import Volume by Country
for Years 2012 and 2013 (includes corresponding Graph/Chart) III-60

Table 83: EU28 Exports of MRI Apparatus by Destination:
Percentage Breakdown of Export Value by Country for Years
2012 and 2013 (includes corresponding Graph/Chart) III-61

Table 84: EU28 Exports of MRI Apparatus by Destination:
Percentage Breakdown of Export Volume by Country for Years
2012 and 2013 (includes corresponding Graph/Chart) III-62
Product Approval III-62
B.Market Analytics III-63
Unit Analytics III-63
Table 85: European Recent Past, Current and Future Analysis
for Magnetic Resonance Imaging Equipment by Geographic
Region - France, Germany, Italy, UK, Spain, Russia and Rest
of Europe Markets Independently Analyzed with Annual Sales
Figures in Units for Years 2014 through 2020 (includes
corresponding Graph/Chart) III-63

Table 86: European Historic Review for Magnetic Resonance
Imaging Equipment by Geographic Region - France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets
Independently Analyzed with Annual Sales Figures in Units
for Years 2007 through 2013 (includes corresponding
Graph/Chart) III-64

Table 87: European 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Geographic Region -
Percentage Breakdown of Volume Sales for France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets for
Years 2007, 2015 and 2020 (includes corresponding
Graph/Chart) III-65

Table 88: European Recent Past, Current and Future Analysis
for Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in Units
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-66

Table 89: European Historic Review for Magnetic Resonance
Imaging Equipment by Design Type - Closed MRI Systems and
Open MRI Systems Markets Independently Analyzed with Annual
Sales Figures in Units for Years 2007 through 2013
(includes corresponding Graph/Chart) III-67

Table 90: European 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Design Type - Percentage
Breakdown of Volume Sales for Closed MRI Systems and Open
MRI Systems Markets for Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-68
Dollar Analytics III-69
Table 91: European Recent Past, Current and Future Analysis
for Magnetic Resonance Imaging Equipment by Geographic
Region - France, Germany, Italy, UK, Spain, Russia and Rest
of Europe Markets Independently Analyzed with Annual Sales
Figures in US$ Million for Years 2014 through 2020
(includes corresponding Graph/Chart) III-69

Table 92: European Historic Review for Magnetic Resonance
Imaging Equipment by Geographic Region - France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2007 through 2013 (includes corresponding
Graph/Chart) III-70

Table 93: European 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Geographic Region -
Percentage Breakdown of Dollar Sales for France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets for
Years 2007, 2015 and 2020 (includes corresponding
Graph/Chart) III-71

Table 94: European Recent Past, Current and Future Analysis
for Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-72

Table 95: European Historic Review for Magnetic Resonance
Imaging Equipment by Design Type - Closed MRI Systems and
Open MRI Systems Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2007 through 2013
(includes corresponding Graph/Chart) III-73

Table 96: European 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Design Type - Percentage
Breakdown of Dollar Sales for Closed MRI Systems and Open
MRI Systems Markets for Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-74

4a. FRANCE III-75
A.Market Analysis III-75
Current and Future Analysis III-75
Low Availability of MRI - A Major Concern in France III-75
Demographics III-76
Table 97: Percentage Distribution of French Population by
Age Group: 2013 (includes corresponding Graph/Chart) III-76
Product Launch III-76
B.Market Analytics III-77
Unit Analytics III-77
Table 98: French Recent Past, Current and Future Analysis for
Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in Units
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-77

Table 99: French Historic Review for Magnetic Resonance
Imaging Equipment by Design Type - Closed MRI Systems and
Open MRI Systems Markets Independently Analyzed with Annual
Sales Figures in Units for Years 2007 through 2013
(includes corresponding Graph/Chart) III-78

Table 100: French 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Design Type - Percentage
Breakdown of Volume Sales for Closed MRI Systems and Open
MRI Systems Markets for Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-79
Dollar Analytics III-80
Table 101: French Recent Past, Current and Future Analysis
for Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-80

Table 102: French Historic Review for Magnetic Resonance
Imaging Equipment by Design Type - Closed MRI Systems and
Open MRI Systems Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2007 through 2013
(includes corresponding Graph/Chart) III-81

Table 103: French 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Design Type - Percentage
Breakdown of Dollar Sales for Closed MRI Systems and Open
MRI Systems Markets for Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-82

4b. GERMANY III-83
A.Market Analysis III-83
Current and Future Analysis III-83
Product Introductions/Innovations III-83
Select Player III-83
B.Market Analytics III-84
Unit Analytics III-84
Table 104: German Recent Past, Current and Future Analysis
for Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in Units
for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-84

Table 105: German Historic Review for Magnetic Resonance
Imaging Equipment by Design Type - Closed MRI Systems and
Open MRI Systems Markets Independently Analyzed with Annual
Sales Figures in Units for Years 2007 through 2013
(includes corresponding Graph/Chart) III-85

Table 106: German 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Design Type - Percentage
Breakdown of Volume Sales for Closed MRI Systems and Open
MRI Systems Markets for Years 2007, 2015 and 2020 (includes
corresponding Graph/Chart) III-86
Dollar Analytics III-87
Table 107: German Recent Past, Current and Future Analysis
for Magnetic Resonance Imaging Equipment by Design Type -
Closed MRI Systems and Open MRI Systems Markets
Independently Analyzed with Annual Sales Figures in US$
Million for Years 2014 through 2020 (includes corresponding
Graph/Chart) III-87

Table 108: German Historic Review for Magnetic Resonance
Imaging Equipment by Design Type - Closed MRI Systems and
Open MRI Systems Markets Independently Analyzed with Annual
Sales Figures in US$ Million for Years 2007 through 2013
(includes corresponding Graph/Chart) III-88

Table 109: German 14-Year Perspective for Magnetic
Resonance Imaging Equipment by Design Type - Percentage
Breakdown of Dollar Sales for Closed MRI Systems and Open

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