Table of Contents
1.1 List of Tables 9
1.2 List of Figures 11
2 Executive Summary 12
2.1 Global MRI Systems Market Forecast to Exceed $6 Billion by 2018 12
2.2 The US was the Largest Market for MRI Systems in 2011 13
2.3 Top Four Companies Account for 70% of the Global MRI Systems Market 13
2.4 Technological Advances, More Applications and Advent of MRI-Compatible Pacemakers to Drive Future Growth 14
2.5 Rapid Aging of Global Population and Low Penetration of MRI Systems in Developing Economies Remain Major Growth Drivers 14
3 Introduction 15
3.1 GBI Research Guidance 15
4 MRI Systems: Overview 16
4.1 High-Field MRI Systems 16
4.2 Mid-Field MRI Systems 16
4.3 Low-Field MRI Systems 16
5 Global MRI Systems Market: Market Characterization 16
5.1 Global MRI Systems Market, Revenue ($bn), 2004–2011 16
5.2 Global MRI Systems Market, Revenue Forecast ($bn), 2011–2018 18
5.3 Global MRI Systems Market, Key Company Share (%), 2011 19
5.4 Global MRI Systems Market: Key Trends 21
5.4.1 Fusion Technologies to Drive Growth of MRI Systems in the Long Term 21
5.4.2 MRI-Compatible Pacemakers to Drive Future Growth of the MRI Systems Market 21
5.4.3 Increasing Preference for Breast MRI as a Supplemental Tool to Mammography for Detection of Breast Cancer Expected to Drive Future Growth 22
5.5 Global MRI Systems Market: Market Dynamics 22
5.5.1 Market Drivers 22
5.5.1.1 Aging Population will Continue to Drive Future Growth of the MRI Systems Market 22
5.5.1.2 Expanding MRI Applications are Expected to Drive MRI Procedure Volumes in the Future 22
5.5.1.3 Use of Superconducting Magnets in MRI Systems Provides Efficacy and Cost Benefits 23
5.5.1.4 MRI Advances Improve Image Quality, Productivity and Patient Comfort, which will Drive Future Growth 23
5.5.1.5 Low Penetration of MRI Systems in India and China is Expected to Drive Rapid Market Growth in the Future 24
5.5.1.6 Cost-Effectiveness will Continue to Drive the Growth of Mid-Field MRI Systems during the Forecast Period 25
5.5.2 Market Restraints 25
5.5.2.1 Healthcare Reform Legislation has had Major Implications for Companies and Providers in the US MRI Systems Market 25
Device Manufacturer Implications 25
Physician Implications 26
Implications for Hospitals 26
Reductions in Medicare reimbursement: The annual updates to Medicare payment schedules for inpatient hospitals, home health, skilled nursing facilities, long-term care and rehabilitation facilities were reduced by 0.25% in 2010–2011 and 0.1% in 2012–2013. The annual updates will be further reduced by 0.3% in 2014, 0.2% in 2015–2016 and 0.75% in 2017–2019. 26
Avoidable errors: Medicare & Medicaid Services Diagnosis Related Groups payments to hospitals for inpatient services were reduced by 1% for avoidable readmissions (effective from 2012) and hospital-acquired infections (effective from 2015). 26
5.5.2.2 Safety Concerns Associated with MRI is a Restraint for Future Growth 26
5.5.2.3 Recommendations against Self-Referrals to Hamper Market Growth 27
6 Global MRI Systems Market: Country Analysis and Forecasts 28
6.1 MRI Systems Market: Cross-country Analysis 28
6.2 Historic and Forecast Revenue, By Country 31
6.2.1 MRI Systems Market, US, Revenue ($m), 2004–2011 31
6.2.2 MRI Systems Market, US, Revenue Forecast ($m), 2011–2018 32
6.2.3 MRI Systems Market, Canada, Revenue ($m), 2004–2011 33
6.2.4 MRI Systems Market, Canada, Revenue Forecast ($m), 2011–2018 35
6.2.5 MRI Systems Market, UK, Revenue ($m), 2004–2011 36
6.2.6 MRI Systems Market, UK, Revenue Forecast ($m), 2011–2018 38
6.2.7 MRI Systems Market, Germany, Revenue ($m), 2004–2011 39
6.2.8 MRI Systems Market, Germany, Revenue Forecast ($m), 2011–2018 41
6.2.9 MRI Systems Market, France, Revenue ($m), 2004–2011 42
6.2.10 MRI Systems Market, France, Revenue Forecast ($m), 2011–2018 44
6.2.11 MRI Systems Market, Italy, Revenue ($m), 2004–2011 45
6.2.12 MRI Systems Market, Italy, Revenue Forecast ($m), 2011–2018 47
6.2.13 MRI Systems Market, Spain, Revenue ($m), 2004–2011 48
6.2.14 MRI Systems Market, Spain, Revenue Forecast ($m), 2011–2018 49
6.2.15 MRI Systems Market, Japan, Revenue ($m), 2004–2011 51
6.2.16 MRI Systems Market, Japan, Revenue Forecast ($m), 2011–2018 52
6.2.17 MRI Systems Market, China, Revenue ($m), 2004–2011 54
6.2.18 MRI Systems Market, China, Revenue Forecast ($m), 2011–2018 55
6.2.19 MRI Systems Market, India, Revenue ($m), 2004–2011 57
6.2.20 MRI Systems Market, India, Revenue Forecast ($m), 2011–2018 58
6.2.21 MRI Systems Market, Australia, Revenue ($m), 2004–2011 60
6.2.22 MRI Systems Market, Australia, Revenue Forecast ($m), 2011–2018 61
6.2.23 MRI Systems Market, Brazil, Revenue ($m), 2004–2011 63
6.2.24 MRI Systems Market, Brazil, Revenue Forecast ($m), 2011–2018 64
7 Global MRI Systems Market: Competitive Assessment 67
7.1 Siemens Healthcare 67
7.1.1 Business Overview 67
7.1.2 Marketed Products 68
7.2 GE Healthcare 68
7.2.1 Business Overview 68
7.2.2 Marketed Products 69
7.3 Philips Healthcare 70
7.3.1 Business Overview 70
7.3.2 Marketed Products 70
7.4 Toshiba Medical Systems Corporation 70
7.4.1 Business Overview 70
7.4.2 Marketed Products 71
7.5 Hitachi Medical Corporation 71
7.5.1 Business Overview 71
7.5.2 Marketed Products 72
8 Global MRI Systems Market: Product Pipeline Analysis 73
8.1 MRI Systems – Key Pipeline Products 73
8.1.1 High-field MRI Systems: Profiles of Key Pipeline Products 73
8.1.1.1 11.7T MRI System 73
Product Status 73
8.1.1.2 GE 7.0T MRI Scanner 74
Product Status 74
8.1.1.3 Magnetom 7T MRI 74
Product Status 74
8.1.1.4 Magnetom Verio 3T Tim+Dot Integrated 75
Product Status 75
8.1.2 Mid-field MRI Systems: Profiles of Key Pipeline Products 75
8.1.2.1 1.5T Breast MR System 75
Product Status 75
8.1.2.2 Echelon Oval 1.5T Ultra-Wide Oval Bore MR System 76
Product Status 76
8.1.2.3 Magnetom Avanto 1.5T Tim+Dot Integrated 76
Product Status 76
8.1.3 Low-field MRI Systems: Profiles of Key Pipeline Products 77
8.1.3.1 EZScan Breast MRI 77
Product Status 77
9 Global MRI Systems Market: Consolidation Landscape 78
9.1 Key Deals: 2008–2012 78
9.1.1 Tranzbyte’s Acquisition of Marketing Rights to the Cirrus MRI in North and South America from Hurricane Enterprises 78
Deal Rationale 78
9.1.2 GE Healthcare’s Acquisition of Steady State Imaging 78
Deal Rationale 78
Steady State Imaging, LLC 78
9.1.3 GE Healthcare’s Acquisition of MRI Technology Assets from ONI Medical Systems 78
Deal Rationale 79
ONI Medical Systems, Inc. (Inactive) 79
9.2 Key Partnerships: 2007–2012 79
9.2.1 Aurora Imaging Technology Enters into Distribution Agreement with Sumec Group for Dedicated Breast MRI System 79
Deal Rationale 79
Aurora Imaging Technology, Inc. 79
9.2.2 Trivitron Healthcare Enters into Co-Marketing Agreement with Hitachi Medical Systems 80
Deal Rationale 80
Trivitron Healthcare Pvt Ltd. 80
9.2.3 Amerinet Enters into an Agreement with Toshiba America Medical Systems 80
Deal Rationale 80
Amerinet, Inc. 80
10 Appendix 81
10.1 Definitions 81
10.1.1 MRI Systems 81
10.1.1.1 High-field MRI Systems 81
10.1.1.2 Low-field MRI Systems 81
10.1.1.3 Mid-field MRI Systems 81
10.2 Acronyms 81
Dot: Day optimizing throughput 81
HIFU: High-Intensity Focused Ultrasound 81
MS: Multiple Sclerosis 81
NHS: National Health Service 81
OECD: Organisation for Economic Co-operation and Development 81
PET: Positron Emission Tomography 81
RF: Radiofrequency 81
SC: Superconducting 81
SNR: Signal-to-Noise Ratio 82
SWIFT: Sweep Imaging with Fourier Transformation 82
T: Tesla 82
10.3 Sources 82
10.4 Research Methodology 83
10.4.1 Secondary Research 83
10.4.2 Primary Research 83
10.4.3 Models 84
10.4.4 Forecasts 84
10.4.5 Expert Panels 85
10.5 Contact Us 85
Email: info@gbiresearch.com 85
10.6 Disclaimer 85