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Published: Sep, 2019 | Pages:
105 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)
The global open MRI systems market size is expected to reach USD 1.4 billion by 2026, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 6.4%. Increasing demand for high strength open MRI systems is expected to drive growth during the forecast period. Changing lifestyle and increasing prevalence of age-associated chronic conditions including cancers and neurological disorders are among the factors expected to boost the demand for safer and accurate diagnostic imaging devices. Open MRIs are specifically designed to provide comfort to patients, especially children and obese patients. Limited number of high strength open MRI systems and large number of ongoing studies are expected to widen the scope for growth of the market over the forecast period. Launch of Oasis open MRI 1.2T system by Hitachi and rapid geographic expansion of the company are likely to contribute to the high demand for advanced open MRIs in developed and developing regions. Increasing number of strategic initiatives such as development of advanced software for open MRI systems and patient-friendly devices with less noise is among the factors expected to propel market growth. Moreover, rising awareness about preventive diagnostics and growing medical tourism in developing regions are some of the factors expected to aid in growth. Further key findings from the report suggest: • High field strength open MRI systems segment is expected to grow at the fastest CAGR as these systems are effective in capturing detailed images • Low field strength open MRI systems segment held the largest market share in 2018 mainly owing to limitations of open structure in integrating high strength magnets • On the basis of application, the brain segment held the largest open MRI systems market share in 2018 owing to growing geriatric population and high prevalence of neurodegenerative diseases • The breast segment, based on application, is expected to grow at a lucrative rate mainly due to growing incidence of breast cancer and rising demand for early diagnosis • Asia Pacific is anticipated to witness the fastest growth over the forecast period due to factors such as rapidly advancing healthcare facilities, increasing disposable income, rising awareness about preventive diagnostics, and growing economies • Major players in the industry are focusing on technological advancements to enhance images and reduce the time of diagnosis
Table of Contents Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope 1.1.1. Field Strength 1.1.2. Application 1.1.3. Regional scope 1.1.4. Estimates and forecast timeline 1.2. Research Methodology 1.3. Information Procurement 1.3.1. Purchased database 1.3.2. GVR's internal database 1.3.3. Secondary sources 1.3.4. Primary research 1.3.5. Details of primary research 1.3.5.1. Data for primary interviews in North America 1.3.5.2. Data for primary interviews in Europe 1.3.5.3. Data for primary interviews in Asia Pacific 1.3.5.4. Data for primary interviews in Latin America 1.3.5.5. Data for Primary interviews in MEA 1.4. Information or Data Analysis 1.4.1. Data analysis models 1.5. Market Formulation & Validation 1.6. Model Details 1.6.1. Commodity flow analysis (Model 1) 1.6.1.1. Approach 1: Commodity flow approach 1.6.2. Volume price analysis (Model 2) 1.6.2.1. Approach 2: Volume price analysis 1.7. List of Secondary Sources 1.8. List of Primary Sources 1.9. Objectives 1.9.1. Objective 1 1.9.2. Objective 2 Chapter 2. Executive Summary 2.1. Market Outlook 2.2. Segment Outlook 2.2.1. Field Strength 2.2.2. Application 2.2.3. Regional outlook 2.3. Competitive Insights Chapter 3. Open MRI Systems Market Variables, Trends, & Scope 3.1. Market Lineage Outlook 3.1.1. Parent market outlook 3.1.2. Related/ancillary market outlook 3.2. Penetration & Growth Prospect Mapping 3.3. Industry Value Chain Analysis 3.3.1. Reimbursement framework 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.1.1. Increasing number of MRI procedures 3.4.1.2. Growing cases of tumor 3.4.1.3. Growing number of product launches 3.4.2. Market restraint analysis 3.4.2.1. High cost of open MRI systems 3.4.3. Industry challenges 3.4.3.1. Increasing number of product recalls 3.5. Open MRI Systems Market Analysis Tools 3.5.1. Industry Analysis - Porter's 3.5.1.1. Supplier power 3.5.1.2. Buyer power 3.5.1.3. Substitution threat 3.5.1.4. Threat of new entrants 3.5.1.5. Competitive rivalry 3.5.2. PESTEL Analysis 3.5.2.1. Political landscape 3.5.2.2. Technological landscape 3.5.2.3. Economic landscape 3.5.3. Major Deals & Strategic Alliances Analysis 3.5.4. Market Entry Strategies Chapter 4. Field Strength Estimates & Trend Analysis 4.1. Definitions and Scope 4.1.1. Low 4.1.2. Medium 4.1.3. High 4.2. Field Strength Market Share, 2018 & 2026 4.3. Segment Dashboard 4.4. Global Open MRI Systems Market by Field Strength Outlook 4.5. Market Size & Forecasts and Trend Analyses, 2015 to 2026 4.5.1. Low 4.5.2. Medium 4.5.3. High Chapter 5. Application Estimates & Trend Analysis 5.1. Definitions and Scope 5.1.1. Brain 5.1.2. Spine 5.1.3. Abdominal 5.1.4. Breast 5.1.5. Cardiac 5.1.6. Others 5.2. Application Market Share, 2018 & 2026 5.3. Segment Dashboard 5.4. Global Open MRI Systems Market by Application Outlook 5.5. Market Size & Forecasts and Trend Analyses, 2015 to 2026 5.5.1. Brain 5.5.2. Spine 5.5.3. Abdominal 5.5.4. Breast 5.5.5. Cardiac 5.5.6. Others Chapter 6. Open MRI systems: Regional Estimates & Trend Analysis 6.1. Regional market share analysis, 2018 & 2026 6.2. Regional Market Dashboard 6.3. Global Regional Market Snapshot 6.4. Regional Market Share and Leading Players, 2018 6.4.1. North America 6.4.2. Europe 6.4.3. Asia Pacific 6.4.4. Latin America 6.4.5. Middle East and Africa 6.5. SWOT Analysis, by Factor (Political & Legal, Economic and Technological) 6.5.1. North America 6.5.2. Europe 6.5.3. Asia Pacific 6.5.4. Latin America 6.5.5. Middle East and Africa 6.6. Market Size, & Forecasts, Volume and Trend Analysis, 2018 to 2026: 6.7. North America 6.7.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.7.2. U.S. 6.7.2.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.7.3. Canada 6.7.3.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.8. Europe 6.8.1. U.K. 6.8.1.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.8.2. Germany 6.8.2.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.8.3. France 6.8.3.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.8.4. Italy 6.8.4.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.8.5. Spain 6.8.5.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.9. Asia Pacific 6.9.1. Japan 6.9.1.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.9.2. China 6.9.2.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.9.3. India 6.9.3.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.9.4. Thailand 6.9.4.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.9.5. South Korea 6.9.5.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.10. Latin America 6.10.1. Brazil 6.10.1.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.10.2. Mexico 6.10.2.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.10.3. Argentina 6.10.3.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.10.4. Colombia 6.10.4.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.11. MEA 6.11.1. South Africa 6.11.1.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.11.2. Saudi Arabia 6.11.2.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) 6.11.3. UAE 6.11.3.1. Market estimates and forecast, 2015 - 2026 (Value & Volume) Chapter 7. Competitive Landscape 7.1. Recent Developments & Impact Analysis, by Key Market Participants 7.2. Company/Competition Categorization 7.2.1. Innovators 7.3. Vendor Landscape 7.3.1. List of key distributors and channel partners 7.3.2. Key customers 7.3.3. Key company market share analysis, 2018 7.3.4. GE Healthcare 7.3.4.1. Company overview 7.3.4.2. Financial performance 7.3.4.3. Product benchmarking 7.3.4.4. Strategic initiatives 7.3.5. Hitachi Medical Systems 7.3.5.1. Company overview 7.3.5.2. Financial performance 7.3.5.3. Product benchmarking 7.3.5.4. Strategic initiatives 7.3.6. Koninklijke Philips N.V. 7.3.6.1. Company overview 7.3.6.2. Financial performance 7.3.6.3. Product benchmarking 7.3.6.4. Strategic initiatives 7.3.7. Siemens Healthineers 7.3.7.1. Company overview 7.3.7.2. Financial performance 7.3.7.3. Product benchmarking 7.3.7.4. Strategic initiatives 7.3.8. Canon Medical Systems Corporation 7.3.8.1. Company overview 7.3.8.2. Financial performance 7.3.8.3. Product benchmarking 7.3.8.4. Strategic initiatives 7.3.9. ESAOTE SA 7.3.9.1. Company overview 7.3.9.2. Financial performance 7.3.9.3. Product benchmarking 7.3.9.4. Strategic initiatives
List of Tables Table 1 List of Abbreviation Table 2 North America open MRI systems market, by region, 2015 - 2026 (USD Million) Table 3 North America open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 4 North America open MRI systems market, by application, 2015 - 2026 (USD Million) Table 5 U.S. open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 6 U.S. open MRI systems market, by application, 2015 - 2026 (USD Million) Table 7 Canada open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 8 Canada open MRI systems market, by application, 2015 - 2026 (USD Million) Table 9 Europe open MRI systems market, by region, 2015 - 2026 (USD Million) Table 10 Europe open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 11 Europe open MRI systems market, by application, 2015 - 2026 (USD Million) Table 12 Germany open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 13 Germany open MRI systems market, by application, 2015 - 2026 (USD Million) Table 14 U.K. open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 15 U.K. open MRI systems market, by application, 2015 - 2026 (USD Million) Table 16 France open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 17 France open MRI systems market, by application, 2015 - 2026 (USD Million) Table 18 Italy open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 19 Italy open MRI systems market, by application, 2015 - 2026 (USD Million) Table 20 Spain open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 21 Spain open MRI systems market, by application, 2015 - 2026 (USD Million) Table 22 Asia Pacific open MRI systems market, by region, 2015 - 2026 (USD Million) Table 23 Asia Pacific open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 24 Asia Pacific open MRI systems market, by application, 2015 - 2026 (USD Million) Table 25 China open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 26 China open MRI systems market, by application, 2015 - 2026 (USD Million) Table 27 Japan open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 28 Japan open MRI systems market, by application, 2015 - 2026 (USD Million) Table 29 India open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 30 India open MRI systems market, by application, 2015 - 2026 (USD Million) Table 31 Thailand open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 32 Thailand open MRI systems market, by application, 2015 - 2026 (USD Million) Table 33 South Korea open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 34 South Korea open MRI systems market, by application, 2015 - 2026 (USD Million) Table 35 Latin America open MRI systems market, by region, 2015 - 2026 (USD Million) Table 36 Latin America open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 37 Latin America open MRI systems market, by application, 2015 - 2026 (USD Million) Table 38 Brazil open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 39 Brazil open MRI systems market, by application, 2015 - 2026 (USD Million) Table 40 Mexico open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 41 Mexico open MRI systems market, by application, 2015 - 2026 (USD Million) Table 42 Argentina open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 43 Argentina open MRI systems market, by application, 2015 - 2026 (USD Million) Table 44 Colombia open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 45 Colombia open MRI systems market, by application, 2015 - 2026 (USD Million) Table 46 Middle East and Africa open MRI systems market, by region, 2015 - 2026 (USD Million) Table 47 Middle East and Africa open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 48 Middle East and Africa open MRI systems market, by application, 2015 - 2026 (USD Million) Table 49 South Africa open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 50 South Africa open MRI systems market, by application, 2015 - 2026 (USD Million) Table 51 Saudi Arabia open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 52 Saudi Arabia open MRI systems market, by application, 2015 - 2026 (USD Million) Table 53 UAE open MRI systems market, by field strength, 2015 - 2026 (USD Million) Table 54 UAE open MRI systems market, by application, 2015 - 2026 (USD Million)
List of Figures Fig. 1 Market research process Fig. 2 Data triangulation techniques Fig. 3 Primary research pattern Fig. 4 Primary interviews in North America Fig. 5 Primary interviews in Europe Fig. 6 Primary interviews in APAC Fig. 7 Primary interviews in Latin America Fig. 8 Primary interviews in MEA Fig. 9 Market research approaches Fig. 10 Value-chain-based sizing & forecasting Fig. 11 QFD modeling for market share assessment Fig. 12 Market formulation & validation Fig. 13 Ophthalmic Ultrasound devices Market: Market Outlook Fig. 14 Ophthalmic Ultrasound devices Competitive Insights Fig. 15 Parent market outlook Fig. 16 Related/ancillary market outlook Fig. 17 Penetration and growth prospect mapping Fig. 18 Industry value chain analysis Fig. 19 Open MRI systems market driver impact Fig. 20 Open MRI systems market restraint impact Fig. 21 Open MRI systems market strategic initiatives analysis Fig. 22 Open MRI systems market: Field strength movement analysis Fig. 23 Open MRI systems market: field strength outlook and key takeaways Fig. 24 Low market estimates and forecast, 2015 - 2026 Fig. 25 Medium market estimates and forecast, 2015 - 2026 Fig. 26 High market estimates and forecast, 2015 - 2026 Fig. 27 Open MRI systems market: Application Movement Analysis Fig. 28 Open MRI systems market: Application outlook and key takeaways Fig. 29 Brain market estimates and forecast, 2015 - 2026 Fig. 30 Spine market estimates and forecast, 2015 - 2026 Fig. 31 Abdominal market estimates and forecast, 2015 - 2026 Fig. 32 Breast market estimates and forecast, 2015 - 2026 Fig. 33 Cardiac market estimates and forecast, 2015 - 2026 Fig. 34 Others market estimates and forecast, 2015 - 2026 Fig. 35 Global open MRI systems market: Regional movement analysis Fig. 36 Global open MRI systems market: Regional outlook and key takeaways Fig. 37 Global open MRI systems market Share and leading players Fig. 38 North America market share and leading players Fig. 39 Europe market share and leading players Fig. 40 Asia Pacific market share and leading players Fig. 41 Latin America market share and leading players Fig. 42 Middle East & Africa market share and leading players Fig. 43 North America: SWOT Fig. 44 Europe SWOT Fig. 45 Asia Pacific SWOT Fig. 46 Latin America SWOT Fig. 47 MEA SWOT Fig. 48 North America, by country Fig. 49 North America Fig. 50 North America market estimates and forecast, 2015 - 2026 Fig. 51 U.S. Fig. 52 U.S. market estimates and forecast, 2015 - 2026 Fig. 53 Canada Fig. 54 Canada market estimates and forecast, 2015 - 2026 Fig. 55 Europe Fig. 56 Europe. market estimates and forecast, 2015 - 2026 Fig. 57 U.K. Fig. 58 U.K. market estimates and forecast, 2015 - 2026 Fig. 59 Germany Fig. 60 Germany market estimates and forecast, 2015 - 2026 Fig. 61 France Fig. 62 France market estimates and forecast, 2015 - 2026 Fig. 63 Italy Fig. 64 Italy market estimates and forecast, 2015 - 2026 Fig. 65 Spain Fig. 66 Spain market estimates and forecast, 2015 - 2026 Fig. 67 Asia Pacific Fig. 68 Asia Pacific market estimates and forecast, 2015 - 2026 Fig. 69 China Fig. 70 China market estimates and forecast, 2015 - 2026 Fig. 71 Japan Fig. 72 Japan market estimates and forecast, 2015 - 2026 Fig. 73 India Fig. 74 India market estimates and forecast, 2015 - 2026 Fig. 75 Thailand Fig. 76 Thailand. market estimates and forecast, 2015 - 2026 Fig. 77 South Korea Fig. 78 South Korea market estimates and forecast, 2015 - 2026 Fig. 79 Latin America Fig. 80 Latin America market estimates and forecast, 2015 - 2026 Fig. 81 Brazil Fig. 82 Brazil market estimates and forecast, 2015 - 2026 Fig. 83 Mexico Fig. 84 Mexico market estimates and forecast, 2015 - 2026 Fig. 85 Argentina Fig. 86 Argentina market estimates and forecast, 2015 - 2026 Fig. 87 Colombia Fig. 88 Colombia market estimates and forecast, 2015 - 2026 Fig. 89 Middle East and Africa Fig. 90 Middle East and Africa. market estimates and forecast, 2015 - 2026 Fig. 91 South Africa Fig. 92 South Africa market estimates and forecast, 2015 - 2026 Fig. 93 Saudi Arabia Fig. 94 Saudi Arabia market estimates and forecast, 2015 - 2026 Fig. 95 UAE Fig. 96 UAE market estimates and forecast, 2015 - 2026 Fig. 97 Participant Categorization- open MRI systems market Fig. 98 Market share of key market players- open MRI systems market
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