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Portable Point-of-Care Systems and an Increase in Cardiac and Neuro Imaging Accelerate MRI Procedures across Regions
14-Feb-2022
North America
Market Research
PCB7-01-00-00-00
HC03503-NA-MT_26272
This research service provides an analysis of the procedure volumes and reimbursement trends for heart and lung imaging using magnetic resonance imaging (MRI). Growth opportunities in terms of clinical applications and technologies are provided as well as an overview of unit shipment and revenue forecasts at the global level from 2019 to 2026. Reimbursement and procedure trends are discussed for North America (The United States) and Western Europe (Germany, the United Kingdom, Italy, France, and Spain).
MRI has become ubiquitous in multidisciplinary hospitals as a standard workhorse. The trends in this space are moving toward interventional applications (image guidance and procedural monitoring), tumor detection, and excision guidance. The use of MRI technology will expand across a broad range of clinical applications globally, owing to its increasing significance in modern medical diagnosis. Improvements in MRI systems, such as high-performance gradients, parallel imaging techniques, higher field strength, and new clinical applications, have substantially increased the level of quality and speed of image acquisition. Additionally, advanced imaging applications for different anatomies are gaining acceptance. Innovative uses of equipment are being explored in areas such as abdominal imaging, cardiac imaging, and cancer diagnosis.
Further, the COVID-19 pandemic resulted in postponement of electives, which took a toll on patient footfall in radiology departments. Consequently, the MRI modality was affected, decreasing by 35 to 40% in procedural volumes and a backlog of procedures. Today, a gradual rise in electives and the attending to backlogs are occurring at varying capacities among health systems. Thus the continual surge in demand of procedures, coupled with new MRI capacity purchases/replacement sales will bolster market growth throughout the forecast period, and the break-even of pre-COVID-19 business performance is gauged to occur in 2024 and 2025. With the reimbursement approval from CPT and European regulation, MRI for cardiac and lung imaging has taken a significant stride.
Currently, penetration of MRI in Asia-Pacific, Latin America, and South Africa is low compared to developed economies. With new business models and private healthcare services investing in MRI, an increase in procedural volume is evident.
Author: Poornima Srinivasan
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Magnetic Resonance Imaging (MRI) Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Highlights
MRI Market Scope of Analysis
MRI Segmentation and Life Cycle Analysis
Revenue and Unit Shipment Forecast
APAC Dominates in Revenue and Unit Shipment Driven by Private Sector Growth
Technology Upgrades and Expanding Clinical Applications to Drive MRI Replacement Market
First-mover Advantage in Technology Gives Siemens Competitive Edge in MRI Installed Base
Growth Drivers for MRI Market
Growth Restraints for MRI Market
MRI Market—Percent Procedure Volume by Application
MRI Market—Percent Procedure Volume by Region
US Hospital Landscape and MRI Equipment Infrastructure
US Healthcare Insurance and Reimbursement Trends
MRI Reimbursement for Chest and Heart in the United States
Hospital Landscape and MRI Equipment Infrastructure in Germany
Healthcare Insurance and Reimbursement Trends in Germany
MRI Reimbursement for Chest and Heart in Germany
Hospital Landscape and MRI Equipment Infrastructure in France
Healthcare Insurance and Reimbursement Trends in France
MRI Reimbursement for Chest and Heart in France
Hospital Landscape and MRI Equipment Infrastructure in Italy
Healthcare Insurance and Reimbursement Trends in Italy
MRI Reimbursement for Chest and Heart in Italy
Hospital Landscape and MRI Equipment Infrastructure in Spain
Healthcare Insurance and Reimbursement Trends in Spain
MRI Reimbursement for Chest and Heart in Spain
Hospital Landscape and MRI Equipment Infrastructure in the UK
Healthcare Insurance and Reimbursement Trends in the UK
MRI Reimbursement for Chest and Heart in the UK
Summary of Reimbursement for MRI
Growth Opportunity 1—Point-of-care MRI will Accelerate Procedure Growth across Care Locations
Growth Opportunity 1—Point-of-care MRI will Accelerate Procedure Growth across Care Locations (continued)
Growth Opportunity 2—New Technologies (Weight Bearing MRI, 3D MRI, Software for Scan Time Reduction, Open MRI) to Catalyze Procedural Growth
Growth Opportunity 2—New Technologies (Weight Bearing MRI, 3D MRI, Software for Scan Time Reduction, Open MRI) to Catalyze Procedural Growth (continued)
Growth Opportunity 3—Clinical Applications of MRI Expanding to Pulmonary and Cardiac Imaging Increase Procedure Volume
Growth Opportunity 3—Clinical Applications of MRI Expanding to Pulmonary and Cardiac Imaging Increase Procedure Volume (continued)
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- Total MRI Market: Segmentation and Life Cycle Analysis, Global*, 2021
- Total MRI Market: Revenue and Unit Shipment Forecast, Global, 2019–2026
- Total MRI Market: Revenue Breakdown by Geographic Region, Global*, 2021
- Total MRI Market: Unit Shipment Breakdown by Geographic Region, Global*, 2021
- Total MRI Market: Replacement Market %, Global*, 2021
- Total MRI Market: Proportion of MRI Equipment 10 + Years %, Global, 2021
- Total MRI Market: Average Age of MRI Scanners Replacement, Global, 2021
- Total MRI Market: Competitor Installed Base % of MRI, Global, 2021
- Total MRI Market: Market Drivers, Global, 2022–2026
- Total MRI Market: Market Restraints, Global, 2022–2026
- Total MRI Market: Estimated procedures and % Examinations by Anatomy, Global, 2019–2022
- Total MRI Market: Estimated Procedures and % Examinations by Region, Global, 2019–2022
- MRI Market: Potential MRI Procedural Volume by Care Setting, United States, 2020
- Healthcare Spending by Major Source of Funds, United States, 2020
- Population Enrolled in Health Insurance, United States, 2020
- MRI Market: Medicare Reimbursement Trends by Imaging Modality, US, 2007–2020
- MRI Market: MRI Scan Pricing and Reimbursement Rates, US, 2020
- MRI Market: Potential MRI Procedural Volume by Care Setting, Germany, 2020
- Population Covered Under Insurance Schemes, Germany, 2020
- Healthcare Spending by Major Source of Funds, Germany, 2020
- MRI Market: MRI Scan Pricing Rates, Germany, 2020
- MRI Market: Potential MRI Procedural Volume by Care Setting, France, 2020
- Population Covered Under Insurance Schemes, France, 2020
- Healthcare Spending by Major Source of Funds, France, 2020
- MRI Market: MRI Scan Pricing Rates, France, 2020
- MRI Market: Potential MRI Procedural Volume by Care Setting, Italy, 2020
- Population Covered Under Insurance Schemes, Italy, 2020
- Healthcare Spending by Major Source of Funds, Italy, 2020
- MRI Market: MRI Scan Pricing & Reimbursement Rates, Italy, 2020
- MRI Market: Potential MRI Procedural Volume by Care Setting, Spain, 2020
- Population Covered Under Insurance Schemes, Spain, 2020
- Healthcare Spending by Major Source of Funds, Spain, 2020
- MRI Market: MRI Scan Pricing & Reimbursement Rates, Spain, 2020
- MRI Market: Potential MRI Procedural Volume by Care Setting, UK, 2020
- Population Covered Under Insurance Schemes, UK, 2020
- Healthcare Spending by Major Source of Funds, UK, 2020
- MRI Market: MRI Scan Pricing & Reimbursement Rates, UK, 2020
- MRI Market: Reimbursement Summary, United States and Western Europe, 2020
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| List of Charts and Figures | Total MRI Market: Segmentation and Life Cycle Analysis, Global*, 2021~ Total MRI Market: Revenue and Unit Shipment Forecast, Global, 2019–2026~ Total MRI Market: Revenue Breakdown by Geographic Region, Global*, 2021~ Total MRI Market: Unit Shipment Breakdown by Geographic Region, Global*, 2021~ Total MRI Market: Replacement Market %, Global*, 2021~ Total MRI Market: Proportion of MRI Equipment 10 + Years %, Global, 2021~ Total MRI Market: Average Age of MRI Scanners Replacement, Global, 2021~ Total MRI Market: Competitor Installed Base % of MRI, Global, 2021~ Total MRI Market: Market Drivers, Global, 2022–2026~ Total MRI Market: Market Restraints, Global, 2022–2026~ Total MRI Market: Estimated procedures and % Examinations by Anatomy, Global, 2019–2022~ Total MRI Market: Estimated Procedures and % Examinations by Region, Global, 2019–2022~ MRI Market: Potential MRI Procedural Volume by Care Setting, United States, 2020~ Healthcare Spending by Major Source of Funds, United States, 2020~ Population Enrolled in Health Insurance, United States, 2020~ MRI Market: Medicare Reimbursement Trends by Imaging Modality, US, 2007–2020~ MRI Market: MRI Scan Pricing and Reimbursement Rates, US, 2020~ MRI Market: Potential MRI Procedural Volume by Care Setting, Germany, 2020~ Population Covered Under Insurance Schemes, Germany, 2020~ Healthcare Spending by Major Source of Funds, Germany, 2020~ MRI Market: MRI Scan Pricing Rates, Germany, 2020~ MRI Market: Potential MRI Procedural Volume by Care Setting, France, 2020~ Population Covered Under Insurance Schemes, France, 2020~ Healthcare Spending by Major Source of Funds, France, 2020~ MRI Market: MRI Scan Pricing Rates, France, 2020~ MRI Market: Potential MRI Procedural Volume by Care Setting, Italy, 2020~ Population Covered Under Insurance Schemes, Italy, 2020~ Healthcare Spending by Major Source of Funds, Italy, 2020~ MRI Market: MRI Scan Pricing & Reimbursement Rates, Italy, 2020~ MRI Market: Potential MRI Procedural Volume by Care Setting, Spain, 2020~ Population Covered Under Insurance Schemes, Spain, 2020~ Healthcare Spending by Major Source of Funds, Spain, 2020~ MRI Market: MRI Scan Pricing & Reimbursement Rates, Spain, 2020~ MRI Market: Potential MRI Procedural Volume by Care Setting, UK, 2020~ Population Covered Under Insurance Schemes, UK, 2020~ Healthcare Spending by Major Source of Funds, UK, 2020~ MRI Market: MRI Scan Pricing & Reimbursement Rates, UK, 2020~ MRI Market: Reimbursement Summary, United States and Western Europe, 2020~ |
| Author | Poornima Srinivasan |
| Industries | Healthcare |
| WIP Number | PCB7-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9600-B1,9566-B1,9570-B1,9614-B1 |
Global Procedure Volumes and Reimbursement for MRI Equipment Growth Opportunities
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