Global Procedure Volumes and Reimbursement for MRI Equipment Growth Opportunities

Global Procedure Volumes and Reimbursement for MRI Equipment Growth Opportunities

Portable Point-of-Care Systems and an Increase in Cardiac and Neuro Imaging Accelerate MRI Procedures across Regions

RELEASE DATE
14-Feb-2022
REGION
North America
Research Code: PCB7-01-00-00-00
SKU: HC03503-NA-MT_26272
$2,450.00
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$2,450.00
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Description

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

Table of Contents

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)

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Related Research
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
More Information
No Index No
Podcast No
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