Technological Advancements and Emerging Applications in the Global Magnetic Resonance Imaging (MRI) Market, Forecast to 2024

Technological Advancements and Emerging Applications in the Global Magnetic Resonance Imaging (MRI) Market, Forecast to 2024

Customers’ Unmet Needs and New Technical Applications to Create Opportunities in the MRI Market

RELEASE DATE
13-Jan-2021
REGION
North America
Research Code: MF71-01-00-00-00
SKU: HC03378-NA-MT_25159

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Description

This research service presents an analysis of the global magnetic imaging resonance (MRI) market. It is an in-depth analysis of the current trends, market size, revenue forecast, market penetration, market attractiveness, and low-end, mid-range, high-end Tesla MRI, and extremity MRI. The market is broken down into various regions also.

Research Scope

The research service provides an in-depth analysis of the critical unmet needs and potential game-changing strategies in the MRI market. Growth opportunities in terms of geographies and technologies are provided. A detailed analysis focusing on the competitive structure, market metrics, market share, unit shipment, and forecasts are provided for the geographies covered under the research scope.  

Regions Covered:

North America: The United States and Canada

Western Europe: Germany, the United Kingdom, Italy, France, Spain, Benelux, Scandinavia

Eastern Europe: Poland, Turkey, Hungary, Romania

Asia-Pacific: Australia, China, India, Japan, Thailand, Indonesia, Malaysia

LATAM: Brazil, Argentina

 South Africa

The Middle East: Saudi Arabia and United Arab Emirates

Market Engineering Measurements are provided 2019 and forecasted up to 2024, including revenue and year-on-year growth rate by countries and segments. The price range and growth trend by equipment type are also analyzed.

  • MRI has become ubiquitous in multidisciplinary hospitals as a standard workhorse.
  • MR trends are moving toward interventional applications (image guidance and procedural monitoring), tumor detection, and excision guidance.
  • The use of MRI technology is expected to 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 ways are being explored to use the equipment in areas such as abdominal imaging, cardiac imaging, and cancer diagnosis.
  • While MRI is used widely for neurology and spine disorders, its use in cardiac, abdominal, and breast imaging is expected to increase multifold during the forecast period, primarily due to radiation when compared to computed tomography (CT) scan. In neurology, the introduction of 3T and 7T MRI has been found to have significant use in patients with neurodegenerative diseases such as Alzheimer’s and Parkinson’s.
  • Introduction of portable or point-of-care MRI presents potential scope to be a game-changer in the MRI space. Affordability and accessibility of point of care will enhance penetration in developing economies, currently facing shortage.
  • Increased utility and new business models (procurement through group purchasing organization GPOs) and managed equipment service (MES) models) are expected to drive the global MRI market.
  • Currently, penetration of MRI in APAC, LATAM, and South Africa is low compared to developed economies. With new business models and private healthcare services investing in MRI, increase in procedural volume is evident.

Author:  Poornima Srinivasan


RESEARCH: INFOGRAPHIC

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Table of Contents

MRI Market—Research Scope

Market Definition and Segmentation

Market Definition and Segmentation (continued)

Key Questions this Study will Answer

Key Findings—Executive Summary

Key Findings—Executive Summary (continued)

MRI Technology—Moving Ahead

Game-changing Strategies

Market Engineering Measurements—Total MRI Market

Market Engineering Measurements—Low-field MRI Segment

Market Engineering Measurements—Mid-field MRI Segment

Market Engineering Measurements—High-field MRI Segment

Market Engineering Measurements—Extremity MRI Segment

CEO’s Perspective

Key Companies to Watch

Executive Summary—3 Big Predictions (Long-term)

Total Market Snapshot—Market Overview

Total MRI Market—Key Market Influencing Factors

Total MRI Market—Market Engineering Measurements

Forecast Assumptions and Definition

Total MRI Market—Total Unit Shipment Forecast

Total MRI Market—Total Revenue Forecast

Total MRI Market—Pricing Trends Forecast by Segment

Total MRI Market—Revenue and Percent Revenue Forecast by Region

Total MRI Market—Revenue and Unit Shipment Forecast by MRI Segments

Competitive Environment—Global

Total MRI Market—Market Share Analysis of Competitors

Total MRI Market—Market Share Analysis of Competitors (continued)

Low-field MRI Segment—Market Engineering Measurements

Low-field MRI Segment—Unit Shipment Forecast

Low-field MRI Segment—Revenue Forecast

Revenue and Percent Revenue Forecast by Region

Unit Shipment and Revenue Forecast Discussion

Mid-field MRI Segment—Market Engineering Measurements

Mid-field MRI Segment—Unit Shipment Forecast

Mid-field MRI Segment—Revenue Forecast

Revenue and Percent Revenue Forecast by Region

Unit Shipment and Revenue Forecast Discussion

High-field MRI Segment—Market Engineering Measurements

High-field MRI Segment—Unit Shipment Forecast

High-field MRI Segment—Revenue Forecast

Revenue and Percent Revenue Forecast by Region

Unit Shipment and Revenue Forecast Discussion

Extremity MRI Segment—Market Engineering Measurements

Extremity MRI Segment—Unit Shipment Forecast

Extremity MRI Segment—Revenue Forecast

Revenue and Percent Revenue Forecast by Region

Unit Shipment and Revenue Forecast Discussion

Impact of Covid-19 on the MRI Market

COVID-19’s Impact Analysis and Directional Forecast

Growth Opportunity 1: Technology in MRI

Growth Opportunity 2: New Business Models in MRI

Strategic Imperatives for MRI Vendors

MRI Technology Trends—Portable MRI

MRI Technology Trends—MRE for Neurological Disorders

MRI Technology Trends—Magnetic Metamaterial

MRI Technology Trends—Neonatal MRI

Key Findings—North America

Key Findings—North America (continued)

NA MRI Market—Unit Shipment Forecast

NA MRI Market—Revenue Forecast

NA MRI Market—Unit Shipment and Revenue Forecast by Segment

Unit Shipment and Revenue Forecast Discussion

NA MRI Market—Market Share Analysis of Competitors

NA MRI Market—Market Share Analysis of Competitors (continued)

Key Findings—Western Europe

Key Findings—Western Europe (continued)

WE MRI Market—Unit Shipment Forecast

WE MRI Market—Revenue Forecast

WE MRI Market—Unit Shipment and Revenue Forecast by Segment

Market Snapshot—Revenue and Unit Shipment by Country

Unit Shipment and Revenue Forecast Discussion

WE MRI Market—Market Share Analysis of Competitors

WE MRI Market—Market Share Analysis of Competitors (continued)

Key Findings—Eastern Europe

Key Findings—Eastern Europe (continued)

EE MRI Market—Unit Shipment Forecast

EE MRI Market—Revenue Forecast

EE MRI Market—Unit Shipment and Revenue Forecast by Segment

Unit Shipment and Revenue Forecast Discussion

Market Snapshot—Revenue and Unit Shipment by Country

EE MRI Market—Market Share Analysis of Competitors

EE MRI Market—Market Share Analysis of Competitors (continued)

Key Findings—Asia-Pacific

Key Findings—Asia-Pacific (continued)

APAC MRI Market—Unit Shipment Forecast

APAC MRI Market—Revenue Forecast

APAC MRI Market—Unit Shipment and Revenue Forecast by Segment

Market Snapshot—Revenue and Unit Shipment by Country

Unit Shipment and Revenue Forecast Discussion

Unit Shipment and Revenue Forecast Discussion (continued)

APAC MRI Market—Market Share Analysis of Competitors

APAC MRI Market—Market Share Analysis of Competitors (continued)

Key Findings—LATAM

Key Findings—LATAM (continued)

LATAM MRI Market—Unit Shipment Forecast

LATAM MRI Market—Revenue Forecast

LATAM MRI Market—Unit Shipment and Revenue Forecast by Segment

Market Snapshot—Revenue and Unit Shipment by Country

Unit Shipment and Revenue Forecast Discussion

LATAM MRI Market—Market Share Analysis of Competitors

LATAM MRI Market—Market Share Analysis of Competitors (continued)

Key Findings—The Middle East

Key Findings—The Middle East (continued)

The Middle East MRI Market—Unit Shipment Forecast

The Middle East MRI Market—Revenue Forecast

The Middle East MRI Market—Unit Shipment and Revenue Forecast by Segment

Market Snapshot—Revenue and Unit Shipment by Country

The Middle East MRI Market—Revenue Forecast Discussion

The Middle East MRI Market—Market Share Analysis of Competitors

The Middle East MRI Market—Market Share Analysis of Competitors (continued)

Key Findings—South Africa

Key Findings—South Africa (continued)

South Africa MRI Market—Unit Shipment Forecast

South Africa MRI Market—Revenue Forecast

South Africa MRI Market—Unit Shipment and Revenue Forecast by Segment

South Africa MRI Market—Revenue Forecast Discussion

South Africa MRI Market—Market Share Analysis of Competitors

South Africa MRI Market—Market Share Analysis of Competitors (continued)

Last Word—3 Big Predictions (Long-term)

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

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Related Research
This research service presents an analysis of the global magnetic imaging resonance (MRI) market. It is an in-depth analysis of the current trends, market size, revenue forecast, market penetration, market attractiveness, and low-end, mid-range, high-end Tesla MRI, and extremity MRI. The market is broken down into various regions also.--BEGIN PROMO--

Research Scope

The research service provides an in-depth analysis of the critical unmet needs and potential game-changing strategies in the MRI market. Growth opportunities in terms of geographies and technologies are provided. A detailed analysis focusing on the competitive structure, market metrics, market share, unit shipment, and forecasts are provided for the geographies covered under the research scope.  

Regions Covered:

North America: The United States and Canada

Western Europe: Germany, the United Kingdom, Italy, France, Spain, Benelux, Scandinavia

Eastern Europe: Poland, Turkey, Hungary, Romania

Asia-Pacific: Australia, China, India, Japan, Thailand, Indonesia, Malaysia

LATAM: Brazil, Argentina

 South Africa

The Middle East: Saudi Arabia and United Arab Emirates

Market Engineering Measurements are provided 2019 and forecasted up to 2024, including revenue and year-on-year growth rate by countries and segments. The price range and growth trend by equipment type are also analyzed.

  • MRI has become ubiquitous in multidisciplinary hospitals as a standard workhorse.
  • MR trends are moving toward interventional applications (image guidance and procedural monitoring), tumor detection, and excision guidance.
  • The use of MRI technology is expected to 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 ways are being explored to use the equipment in areas such as abdominal imaging, cardiac imaging, and cancer diagnosis.
  • While MRI is used widely for neurology and spine disorders, its use in cardiac, abdominal, and breast imaging is expected to increase multifold during the forecast period, primarily due to radiation when compared to computed tomography (CT) scan. In neurology, the introduction of 3T and 7T MRI has been found to have significant use in patients with neurodegenerative diseases such as Alzheimer’s and Parkinson’s.
  • Introduction of portable or point-of-care MRI presents potential scope to be a game-changer in the MRI space. Affordability and accessibility of point of care will enhance penetration in developing economies, currently facing shortage.
  • Increased utility and new business models (procurement through group purchasing organization GPOs) and managed equipment service (MES) models) are expected to drive the global MRI market.
  • Currently, penetration of MRI in APAC, LATAM, and South Africa is low compared to developed economies. With new business models and private healthcare services investing in MRI, increase in procedural volume is evident.

Author:  Poornima Srinivasan

More Information
No Index No
Podcast No
Author Poornima Srinivasan
Industries Healthcare
WIP Number MF71-01-00-00-00
Is Prebook No
GPS Codes 9600-B1,9825-B1,9A06-B1,9566-B1,9570-B1,99CC-B1,99BE-B1,9614-B1