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Open MRI Systems Market Size, Share, & Trends Analysis Report By Field Strength (Low, Medium, High), By Application (Brain, Cardiac, Breast, Spine, Abdominal) By Region, Competitive Insights, And Segment Forecasts, 2019 - 2026

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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