Global Magnetic Resonance

Imaging Technologies Market

Assessment & Forecast:
2015-2019
Segments Assessed: (Closed MRI, Open MRI), (Low-Field, Mid-Field, High-

Segments
Assessed:
Field and Ultra
High-FieldClosed
MRI) & Open MRI Scanners; Low-field, Mid-field,
High-field and Ultra high-field MRI Scanners.

Geographies Assessed:
America,
Europe,
Asia-Pacific,
Latin
America,
Geographies
Covered:North
North
America,
Europe,
Asia-Pacific,
Latin
America,
Middle-East
and
Africa
Middle
East and
Africa.

Published: June 2015

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

About Us
Spearhead Acuity Business Research & Consulting (SA-BRC) is a premium Life Science business
intelligence and data analytics firm. SA-BRC team offers a wide range of business intelligence
services to multiple stakeholders such as Medical Device Manufacturers, Service Providers (Hospitals,
Payers, etc.), Suppliers, Group Purchase Organizations, Distributors and all other individuals in the
entire value chain of healthcare industry. Our research and consulting capabilities extend across
several sub-domains within the sphere of Life Sciences such as Biotechnology, Healthcare IT, Medical
Devices, Veterinary Sciences, Wellness Products and Pharmaceuticals.

Our skills and capabilities help in putting forth the most accurate perspective of the market. We track
all major and minor events that create ripples and affect the life-science market in different ways.
Our data modeling process includes the evaluation of impacting events and analyzing other
invaluable sources (public & proprietary) of information and finally reporting results that will
influence the decision making of the readers.

SA-BRC has helped start-ups and market leaders across the globe achieve their revenue goals
strategically in multiple stages such as adoption, pre-launch research, regional analysis, social media
analytics, competitive mapping, market entry and post marketing surveillance. We frequently build
panels of experts for gathering data and invite participants of the healthcare industry to share their
opinions and views on our reports. Our current network of industry experts span across all major
life-science domains and take pride in keeping ourselves abreast with the latest happenings within
the sphere of Life-Science.

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

Table of Content
Chapter 1 Preface

1.1 Research Scope

1.1.1 Market Segmentation

1.1.2 Postulations

1.2 Methodology of Research

10

1.2.1 Companies covered in this report

11

Chapter 2 Prcis

12

2.1 Market Inferences

12

Chapter 3 Market Dynamics

14

3.1 Market Drivers

14

3.1.1 Clinical and technological advancements in MRI diagnostics

14

3.1.2 Widening applications such as preclinical and veterinary MRI

14

3.1.3 Rapidly aging world geriatric population

15

3.1.4 Increasing number of MRI compatible implants pushing growth and usage

15

3.1.5 Rise in adoption of mobile imaging services

15

3.2 Market Inhibitors

16

3.2.1 High cost of device and technical components is a significant barrier while purchasing
MRI

16

3.2.2 Substitute technologies compete strongly with MRI

16

3.2.3 Excise duty imposed on sale of medical devices in the U.S. market by the Affordable
Care Act

16

3.3 Opportunities

17

3.3.1 Demand from emerging economies and large unmet need in Asia-Pacific, Middle-East
and Latin America

Chapter 4 Global MRI Scanners Market Device Configuration, Size &

Forecast: 2015 - 2019

17

18

4.1 Introduction

18

4.2 Closed MRI Scanners Market

19

4.3 Open MRI Scanners Market

20

Chapter 5 Global MRI Scanners Market - Field Strength, Size &

Forecast: 2015 - 2019

22

5.1 Introduction

22

5.1.1 Low-Field MRI Scanners Market, US$ Mn (2013 - 2019)

23

5.1.1.1

Introduction

23

5.1.1.2

Market Scenario

23

5.1.1.3

Pricing and Volume Analysis

24

5.1.1.4

Competitive Analysis

24

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

5.1.2 Mid-Field MRI Scanners Market, US$ Mn (2013 - 2019)

24

5.1.2.1

Introduction

24

5.1.2.1

Market Scenario

25

5.1.2.2

Pricing and Volume Analysis

26

5.1.2.3

Competitive Analysis

26

5.1.3 High-Field MRI Scanners Market, US$ Mn (2013 - 2019)

27

5.1.3.1

Introduction

27

5.1.3.2

Market Scenario

27

5.1.3.3

Pricing and Volume Analysis

28

5.1.3.4

Competitive Analysis

28

5.1.4 Ultra High-Field MRI Scanners Market, US$ Mn (2013 - 2019)

29

5.1.4.1

Introduction

29

5.1.4.2

Market Scenario

29

5.1.4.3

Pricing and Volume Analysis

30

5.1.4.4

Competitive Analysis

30

Chapter 6 Global MRI Scanners Market Geography, Size & Forecast:

2015 - 2019

31

6.1 North America MRI Scanners Market, US$ Mn (2013 - 2019)

32

6.2 Europe MRI Scanners Market, US$ Mn (2013 - 2019)

33

6.3 Asia-Pacific MRI Scanners Market, US$ Mn (2013 - 2019)

35

6.4 Latin America MRI Scanners Market, US$ Mn (2013 - 2019)

36

6.5 Middle-East MRI Scanners Market, US$ Mn (2013 - 2019)

38

6.6 Africa MRI Scanners Market, US$ Mn (2013 - 2019)

39

Chapter 7 Key Players Analysis: Global MRI Technologies Market,

2014 (%)

41

7.1 Key Players Market Share: Global MRI Technologies Market, 2014
(%)

41

7.2 Global MRI Scanners Market: Recent Developments 2013-2015

42

7.2.1 Mergers and Acquisitions

42

7.2.2 Joint Ventures, Expansion and Collaborations

42

7.2.3 New Product Launches

42

7.3 Competitive Landscape: Strategies

Chapter 8 Epilogue

43

44

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

List of Figures
FIG. 1

Market Segmentation: Global Magnetic Resonance Imaging Technologies

FIG. 2

Research Methodology: Global MRI Scanners Market

10

FIG. 3

Market Analysis: Global MRI Scanners Market, by Geography 2014 & 2019 (US$ Mn)

13

FIG. 4

MRI Technologies Global Market Share by Configuration (2014 & 2019)

18

FIG. 5

Global Closed MRI Scanners Market, 2013 2019 (US$ Millions)

19

FIG. 6

Global Open MRI Scanners Market, 2013 2019 (US$ Millions)

20

FIG. 7

MRI Technologies Global Market Share by Field Strength (2014 & 2019)

22

FIG. 8

Ultra High-Field MRI Scanners Global Market 2013 - 2019 (US$ Millions & Units)
(CAGR: 2015 - 2019)

29

FIG. 9

North America MRI Scanners Market 2013 - 2019 (US$ Million) (CAGR: 2015 - 2019)

32

FIG. 10

North America MRI Scanners Market 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019) 33

FIG. 11

Europe MRI Scanners Market 2013 - 2019 (US$ Million) (CAGR: 2015 - 2019)

34

FIG. 12

Europe MRI Scanners Market 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019)

34

FIG. 13

Asia-Pacific MRI Scanners Market 2013 - 2019 (US$ Million) (CAGR: 2015 - 2019)

35

FIG. 14

Asia-Pacific MRI Scanners Market 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019)

36

FIG. 15

Latin-America MRI Scanners Market 2013 - 2019 (US$ Million) (CAGR: 2015 - 2019)

37

FIG. 16

Latin America MRI Scanners Market 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019)

37

FIG. 17

Middle-East MRI Scanners Market 2013 - 2019 (US$ Million) (CAGR: 2015 - 2019)

38

FIG. 18

Middle-East MRI Scanners Market 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019)

39

FIG. 19

Africa MRI Scanners Market 2013 - 2019 (US$ Million) (CAGR: 2015 - 2019)

39

FIG. 20

Africa MRI Scanners Market 2013 - 2019 (Volume-Units) (CAGR: 2015 - 2019)

40

FIG. 21

Key Players Market Share: Global MRI Scanners Market, 2014 (%)

41

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

List of Tables
TABLE 1

List of companies covered in this report

11

TABLE 2

Global MRI Scanning Procedures by Application, 2013 - 2019 (Millions)

12

TABLE 3

Low-Field MRI Scanners Global Market, by Geography 2013 - 2019 (US$ Mn) (CAGR:
2015 - 2019)

23

TABLE 4

Low-Field MRI Scanners Global Market, by Geography 2013 - 2019 (Volume - Units)
(CAGR: 2015 - 2019)

24

Mid-Field MRI Scanners Global Market, by Geography 2013 - 2019 (US$ Mn) (CAGR:
2015 - 2019)

25

TABLE 6

Mid-Field MRI Scanners Global Market, by Geography 2013 - 2019 (Volume - Units)
(CAGR: 2015 - 2019)

26

TABLE 7

High-Field MRI Scanners Global Market, by Geography 2013 - 2019 (US$ Mn) (CAGR:
2015 - 2019)
27

TABLE 8

High-Field MRI Scanners Global Market, by Geography 2013 - 2019 (Volume - Units)
(CAGR: 2015 - 2019)

28

Global MRI Scanning Procedures by Geography, 2013 - 2019 (Volume - Millions)

31

TABLE 5

TABLE 9

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

Chapter 1
1.1

Preface

Research Scope

Chapter Number

Segment

Description
The preface provides a brief overview of the flow of the

Research

Chapter 1:

Scope

&

Market

Segmentation

research report. The overview is further supplemented by a

graphical representation of the segmentation as analyzed
in the report. This is followed by the postulations or
assumptions considered for analysis of different segments.

Preface

Elucidates the methodology adopted by SA-BRC while

Research Methodology

estimating the current and future market in terms of value

and/or volume.

Chapter 2:
Prcis
Chapter 3:
Market
Dynamics

The chapter lists down key (quantitative and qualitative)

Inferences & Summary

highlights and takeaways of the market as reported in the

study.

Drivers,

Inhibitors

&

Opportunities

Explains the foremost factors that are affecting the growth

trends of the MRI technologies market.

Chapter 4:
Market Size &
Forecast MRI
Device

Market estimates provided for closed or conventional MRI

Market estimations for different

scanners and Open MRI scanners. Estimates both volume

configurations of MRI scanners

and value with 2013 & 2014 as historical years and

forecast of 2015-2019.

Configuration
Chapter 5:
Market Size &

Market

Forecast MRI

scanners of different magnetic

Device Magnetic

field strengths

estimations

for

MRI

America, Europe, Asia-Pacific, Latin America, Middle-East

Demographical Analysis

and Africa. Estimates with 2013 & 2014 as historical years

Market

Key Players
Market Share
Analysis

and value with 2013 & 2014 as historical years and

Provides estimates by value for 6 geographies of North

Chapter 6:

Chapter 7:

field and ultra high-field scanners. Estimates both volume

forecast of 2015-2019.

Field Strength

Geography

Market estimates provided for low-field, mid-field, high-

and forecast of 2015-2019.

Market

Share

Developments
Strategies

(2014),
&

Recent

Competitive

Elaborates the estimated market share of major players,

provides recent developments for the years 2013, 2014 &
2015

and

major

competitive

strategies

adopted

by

companies in this area based on events for past 5 years.

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

Provides postscript content to the report and includes an

Chapter 8:

informal perspective on the market with the best possible

Postscript qualitative content

Epilogue

outcome by the end of forecast period.

GE Healthcare, Philips Healthcare, Siemens Healthcare,

Companies

Qualitative

covered:

Analysis

&

Quantitative

Hitachi

Medical,

Samsung
Esaote,

Toshiba

Neurologica,
Sanrad

Medical

BrainLab

Systems,
AG,

Technologies,

Shimadzu,

Mobius,

Xintek,

Multidimensional

Technologies, MR Solutions, Fonar, etc.

1.1.1 Market Segmentation

FIG. 1

Market Segmentation: Global Magnetic Resonance Imaging Technologies

Magnetic Resonance Imaging Technologies Market

Assessment: Forecast 2015 - 2019
Open MRI Scanners

Configuration

Closed MRI Scanners

<0.5T
(Low Field)
0.5T 1.5T
(Mid-Field)

Technology

3T
(High-Field)
3T< (Ultra High-Field)

North America
Europe
Asia-Pacific

Demographic

Latin America
Middle-East
Africa

Source: SA-BRC Analysis

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

1.1.2 Postulations
Certain assumptions were considered in order to estimate the complete forecast of the MRI Scanners
market. These have been detailed below:

The prices of the MRI scanners have been assumed to erode across the forecast period at an
average rate of 1% to 7% based on interviewee responses for MRI scanners of different field
strengths. Erosion of device cost has been assumed after insights from interviews with
industry experts and senior sales executives from various companies.

The forecast and market projections include all MRI systems used for the purpose of human
diagnostics and preclinical research.

For the purpose of market estimations and calculations, the MRI scanners have been
segregated as shown in the market segmentation section above. Due to the increasing
demand of 3T and more powerful MRI, the conventional segmentation may be different as
that analysed in this report.

Refurbished MRI scanners have not been considered in this evaluation of the market.

The report does not track sales of products through distributors for the market value and
volume. Rather, practical estimations and forecast are calculated based on statistical
modelling techniques created specifically for imaging technologies of which MRI scanners
form a major part of.

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

1.2

Methodology of Research

FIG. 2

Research Methodology: Global MRI Scanners Market

Primary Research

Quantitative

Research

Online-web (CATI/CAWI/CAPI)
Telephonic and video conference
Interviewee Location: Multiple
respondents from each of 6 geographies
Interviewee Field Exp.: All Interviewees
were c-level, d-level, VP level and senior
management
Target Information: validation of
secondary findings; cross-verification of
other primary interviews

Secondary/Desk Research

Primary Research

Qualitative
Research

Online forums/blogs
Online communities/Patient Advocacy
Groups
Online chat with KOLs/experts
Focused Group Discussions
Social Media Tools
Target Information: Insights on market
trends, market impact factors, marketing
and awareness programs etc.

Proprietary third party databases

In-house data repository
Company sites
Annual Reports/ SEC Filings
Investor presentations
Equity & Stock Websites
(Seeking Alpha, Zacks, etc.)
WHO/CDC/NHS/OECD/Globocan

Secondary/Desk Research

Medical device/pharma associations

Fierce Healthcare Magazines
Which Medical Device
Medscape/ScienceDirect, etc.
Middleeasthealthmag, arabhealthonline
Biotechgate
Diagnostic imaging.com
American College of Radiology
Radiologytoday
Center for Medicare Services
WHO/CDC/NHS/OECD/Globocan

Spearhead-Acuity Team

Key Findings
Market Forecast
Insight Generation

Data triangulation was done for the information (quantitative/qualitative) collected through
primary and secondary sources. Analysis also included evaluation of all major macro and
microeconomic factors
Post data triangulation process, the summary of our study was shared with KOLs and industry
experts to suggest further insights to our analysis as well as validate the overall MRI technologies
market

Source: SA-BRC Analysis. **Websites mentioned in the above representation are few examples from our exhaustive list of references that
cannot be compiled in entirety

10

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

1.2.1 Companies cover ed in this r eport

TABLE 1

List of companies covered in this report

S.No

Company Name

S.No

Company Name

GE Healthcare

Mobius

Philips Healthcare

10

Xintek

Siemens Healthcare

11

Esaote

Hitachi Medical

12

Sanrad Technologies

Toshiba Medical Systems

13

Multidimensional Technologies

Shimadzu

14

MR Solutions

Samsung Neurologica

15

Fonar

BrainLab AG

11

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

Chapter 2
2.1

Prcis

Market Inferences

A summarization of the trends and dynamics observed is provided below along with the key
highlights:

The global MRI technologies market was valued at US$ 6005.8 million in 2014

Mid-field and high-field segments are anticipated to grow the fastest with CAGR of xx% and
xx% respectively

The mid-field MRI market held the largest share of xx% in 2014 and was valued at US$ xx
million

North America continued to lead the world geographies in the MRI scanners market with a
share of xx % in 2014 that translated into revenues worth US$ xx million

GE Healthcare, Siemens Healthcare, Philips Healthcare, Toshiba Medical Systems and Hitachi
are the largest players currently operating in the market with GE leading the way with a
share of xx % followed closely by Siemens with a share of xx %.

TABLE 2

Global MRI Scanning Procedures by Application, 2013 - 2019 (Millions)

Geography

2013

2014

2015

2016

2017

2018

2019

Brain

20.4

22.0

23.8

25.7

27.7

29.9

32.3

Spine

xx

xx

xx

xx

xx

xx

xx

Extremities

xx

xx

xx

xx

xx

xx

xx

Cardiac & Vascular

xx

xx

xx

xx

xx

xx

xx

Full Body

xx

xx

xx

xx

xx

xx

xx

Mammography

xx

xx

xx

xx

xx

xx

xx

Others

xx

xx

xx

xx

xx

xx

xx

Total

xx

xx

xx

xx

xx

xx

xx

Source: Proprietary data sources, KOL opinions, Primary Interviews, SA-BRC Analysis

12

Magnetic Resonance Imaging Technologies Market Assessment, (2015 2019)

Disclaimer:

SA-BRC Market Research is an informative Market Research Company with the sole intention of
sharing market related insights. The information provided in our research reports or on sa-brc.com
though collected through authentic sources, analyzed and cross validated through Key Opinion
Leaders (KOLs) in the industry; neither the company nor authors provide any kind of warranty about
the content both qualitative and quantitative.

Contact
John Whitmore
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United States
Contact Number: +1(832)-426-3701
Email: john@sa-brc.com, sales@sa-brc.com
Website: www.sa-brc.com

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