Regional Report
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Regional Reports
Additional information
Report Type | Extensive Report, Miniature report, Snapshot Report |
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Licence | Single User License, Team License, Corporate License |
MRI is an advanced and safe technique for capturing the images of the patient’s body performance, especially soft tissues. The patients who had undergone heart or implanted metal surgeries have to take precautions while they are undergoing or taking MRI (Magnetic Resonance Imaging). The MRI devices capture the high-quality images with the help of applied magnetic field and radio waves. MRI offers the ease of identification and diagnostics of several diseases. MRI scanners provide the visual representation of soft tissues inside the body. It creates exhaustive images of the body parts, particularly soft tissues with the help of radiations and magnetic field.
North America MRI Market Segments Size & Growth:
The North America MRI market is estimated to reach USD XX Billion by 2024, at a CAGR of XX% from $XX Billion in 2018. The major factors leading the North America MRI market are growing geriatric population, rising prevalence of chronic conditions, growing applications of MRI-guided radiotherapy for brain tumours, advances in scanning technology and imaging contrast agents. The non-invasive diagnostic imaging is used for the detailed anatomical study of body parts, especially soft tissues. Rising demand for the non-invasive diagnostic imaging plays a crucial role in North America MRI market growth. The growing applications of MRI-guided radiotherapy for brain tumours and advances in scanning technology are also contributing majorly to the North America MRI market growth. High cost of MRI systems, expensive treatment, and lo reimbursement rates for MRI procedures are restraining the market growth during the forecast period. Lack of skilled professionals and instruments complexity are challenging the market growth in upcoming years. Emerging hybrid MRI systems and novel applications in developed economies are providing profitable opportunities to the market.
North America MRI Market Segments Share:
North America MRI market is segmented based on the architecture, field strength, applications, end-users, and geography. By architecture, the market is segmented into open MRI systems, closed MRI systems. Among these, the closed MRI systems are accounting largest market share in 2017, owing to the technological advancements, and cost-effectiveness. From field strength, the market is classified into low-to-mid-field strength MRI, high-field strength MRI, very high-field strength MRI, ultra-high-field strength MRI, and others. High-field segment is estimated to grow at the fastest growth rate during the forecast period, due to their advantages regarding SNR (Signal to Noise Ratio). By considering the applications segment, the market is categorised into the brain and neurological MRI, cardiology, oncology, vascular MRI, spine and musculoskeletal MRI, and others. Brain and the neurological segment is expected to hold the largest market share followed by the spine and musculoskeletal segment, owing to the increasing ageing population and growing awareness of diagnosis. By Geography; North America region is in the first position and is envisaged to continue the same pace in future also. Vast demand for the MRI systems for the treatment of chronic diseases is escalating the market growth in North America. MRI market is segmented into United States, Canada, and Others in North America. Similarly, all the regions are further segmented into countries.
North America MRI Market Trends:
- Canon Medical Systems Corporation has launched Pianissimo Vantage Titan 1.5T’s unique feature to reduce the noise at the source, and MRI no longer needs to be loud and disruptive.
- To take flexibility and MRI performance to the higher levels, Canon Medical Systems pioneered the vantage systems with complete contrast-free MRA techniques. Fresh Blood Imaging and Time-Spatial Inversion Pulse are the advanced hybrid imaging techniques implemented.
North America MRI Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key players in the North America MRI Market are:
- Hitachi Medical Corporation
- GE Healthcare
- Siemens Healthcare
- Bruker Corporation
- Philips Healthcare
- Canon Medical System Corporation
Along with these companies, there were many other companies considered/ cited in the report while analysing the North America MRI market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Substantial demand for a non-invasive diagnostic imaging technique
4.1.2. Rising geriatric population
4.1.3. Cost-effectiveness and non-invasive nature
4.1.4. Advances in scanning technology
4.2. Restraints
4.2.1. High cost of MRI Systems
4.2.2. Low reimbursement rates for MRI procedures
4.3. Opportunities
4.3.1. Emergence of hybrid imaging technologies
4.3.2. Novel Application areas
4.4. Challenges
4.4.1. Lack of trained professionals
5. North America MRI Market– By Architecture
5.1. Closed MRI Systems
5.2. Open MRI Systems
6. North America MRI Market– By Field Strength
6.1. Low-To-Mid-Field Strength MRI Systems
6.2. High-Field Strength MRI Systems
6.2.1. 1.5T MRI Systems
6.2.2. 3T MRI Systems
6.3. Very High-Field Strength MRI Systems
6.3.1. 4T MRI Systems
6.3.2. 6T MRI Systems
6.4. Ultra-High-Field Strength MRI Systems
6.4.1. 7T MRI Systems
6.4.2. Others
7. North America MRI Market- By Applications
7.1. Cardiology
7.2. Oncology
7.3. Neurology
7.4. Spine and Musculoskeletal
7.5. Others
8. North America MRI Market- By End-users
8.1. Hospitals
8.2. Clinics
8.3. Ambulatory surgical centers
8.4. Diagnostic imaging centers
9. North America MRI Market– By Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
10. North America MRI Market– Company Profiles
10.1. Hitachi Medical Corporation
10.2. GE Healthcare
10.3. Siemens Healthcare
10.4. Bruker Corporation
10.5. Philips Healthcare
10.6. Canon Medical System Corporation
10.7. Esaote SpA
10.8. Aurora Imaging Technologies, Inc.
10.9. Fonar Corporation
10.8. Boston Scientific Corporation
10.11. Neusoft Medical Systems Co.
10.12. Care stream Health
10.13. Sanrad Medical Systems Pvt. Ltd
10.14. Shimadzu Corporation
11. North America MRI Market- Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1. List of tables
13.2. List of figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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MRI is an advanced and safe technique for capturing the images of the patient’s body performance, especially soft tissues. The patients who had undergone heart or implanted metal surgeries have to take precautions while they are undergoing or taking MRI (Magnetic Resonance Imaging). The MRI devices capture the high-quality images with the help of applied magnetic field and radio waves. MRI offers the ease of identification and diagnostics of several diseases. MRI scanners provide the visual representation of soft tissues inside the body. It creates exhaustive images of the body parts, particularly soft tissues with the help of radiations and magnetic field.
North America MRI Market Segments Size & Growth:
The North America MRI market is estimated to reach USD XX Billion by 2024, at a CAGR of XX% from $XX Billion in 2018. The major factors leading the North America MRI market are growing geriatric population, rising prevalence of chronic conditions, growing applications of MRI-guided radiotherapy for brain tumours, advances in scanning technology and imaging contrast agents. The non-invasive diagnostic imaging is used for the detailed anatomical study of body parts, especially soft tissues. Rising demand for the non-invasive diagnostic imaging plays a crucial role in North America MRI market growth. The growing applications of MRI-guided radiotherapy for brain tumours and advances in scanning technology are also contributing majorly to the North America MRI market growth. High cost of MRI systems, expensive treatment, and lo reimbursement rates for MRI procedures are restraining the market growth during the forecast period. Lack of skilled professionals and instruments complexity are challenging the market growth in upcoming years. Emerging hybrid MRI systems and novel applications in developed economies are providing profitable opportunities to the market.
North America MRI Market Segments Share:
North America MRI market is segmented based on the architecture, field strength, applications, end-users, and geography. By architecture, the market is segmented into open MRI systems, closed MRI systems. Among these, the closed MRI systems are accounting largest market share in 2017, owing to the technological advancements, and cost-effectiveness. From field strength, the market is classified into low-to-mid-field strength MRI, high-field strength MRI, very high-field strength MRI, ultra-high-field strength MRI, and others. High-field segment is estimated to grow at the fastest growth rate during the forecast period, due to their advantages regarding SNR (Signal to Noise Ratio). By considering the applications segment, the market is categorised into the brain and neurological MRI, cardiology, oncology, vascular MRI, spine and musculoskeletal MRI, and others. Brain and the neurological segment is expected to hold the largest market share followed by the spine and musculoskeletal segment, owing to the increasing ageing population and growing awareness of diagnosis. By Geography; North America region is in the first position and is envisaged to continue the same pace in future also. Vast demand for the MRI systems for the treatment of chronic diseases is escalating the market growth in North America. MRI market is segmented into United States, Canada, and Others in North America. Similarly, all the regions are further segmented into countries.
North America MRI Market Trends:
- Canon Medical Systems Corporation has launched Pianissimo Vantage Titan 1.5T’s unique feature to reduce the noise at the source, and MRI no longer needs to be loud and disruptive.
- To take flexibility and MRI performance to the higher levels, Canon Medical Systems pioneered the vantage systems with complete contrast-free MRA techniques. Fresh Blood Imaging and Time-Spatial Inversion Pulse are the advanced hybrid imaging techniques implemented.
North America MRI Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The major key players in the North America MRI Market are:
- Hitachi Medical Corporation
- GE Healthcare
- Siemens Healthcare
- Bruker Corporation
- Philips Healthcare
- Canon Medical System Corporation
Along with these companies, there were many other companies considered/ cited in the report while analysing the North America MRI market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Substantial demand for a non-invasive diagnostic imaging technique
4.1.2. Rising geriatric population
4.1.3. Cost-effectiveness and non-invasive nature
4.1.4. Advances in scanning technology
4.2. Restraints
4.2.1. High cost of MRI Systems
4.2.2. Low reimbursement rates for MRI procedures
4.3. Opportunities
4.3.1. Emergence of hybrid imaging technologies
4.3.2. Novel Application areas
4.4. Challenges
4.4.1. Lack of trained professionals
5. North America MRI Market– By Architecture
5.1. Closed MRI Systems
5.2. Open MRI Systems
6. North America MRI Market– By Field Strength
6.1. Low-To-Mid-Field Strength MRI Systems
6.2. High-Field Strength MRI Systems
6.2.1. 1.5T MRI Systems
6.2.2. 3T MRI Systems
6.3. Very High-Field Strength MRI Systems
6.3.1. 4T MRI Systems
6.3.2. 6T MRI Systems
6.4. Ultra-High-Field Strength MRI Systems
6.4.1. 7T MRI Systems
6.4.2. Others
7. North America MRI Market- By Applications
7.1. Cardiology
7.2. Oncology
7.3. Neurology
7.4. Spine and Musculoskeletal
7.5. Others
8. North America MRI Market- By End-users
8.1. Hospitals
8.2. Clinics
8.3. Ambulatory surgical centers
8.4. Diagnostic imaging centers
9. North America MRI Market– By Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
10. North America MRI Market– Company Profiles
10.1. Hitachi Medical Corporation
10.2. GE Healthcare
10.3. Siemens Healthcare
10.4. Bruker Corporation
10.5. Philips Healthcare
10.6. Canon Medical System Corporation
10.7. Esaote SpA
10.8. Aurora Imaging Technologies, Inc.
10.9. Fonar Corporation
10.8. Boston Scientific Corporation
10.11. Neusoft Medical Systems Co.
10.12. Care stream Health
10.13. Sanrad Medical Systems Pvt. Ltd
10.14. Shimadzu Corporation
11. North America MRI Market- Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1. List of tables
13.2. List of figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.