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Pulished Date February, 2020
ID: 1877
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Asia Pacific MRI Systems Market Research Report – Segmented By Field Strength, Architecture, Application and Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis, Share, Size, Growth, Trends, And Forecasts (2020 to 2025)

Pulished: February, 2020
ID: 1877
Pages: 135

APAC MRI Systems Market Size (2020 to 2025)

The size of the Asia-Pacific MRI Systems Market has been estimated at USD 1.43 billion in 2020. It is projected to reach USD 2.06 billion by 2025, at a CAGR of 7.6% during the forecast period from 2020 to 2025. It is the fastest-growing region globally because of the developing market and the increase in spending limits on people.

Extensive MRI Systems usage for various applications like oncology, neurology, and cardiology is predicted to drive market growth. Across the globe, the majority of the brain-related health issues were reported in the Asia Pacific in 2019. This rising incidence is estimated to boost the growth of the MRI Systems market in this region.

The cancer incidence is significantly growing in this region and is expected to act as a market growth factor. According to the data published by the Australian Government Department of Health, an estimated 138,321 new cancer cases were found in Australia in 2018.

Additionally, the aging population in the Asia Pacific countries also contributes to the growth of the MRI Systems market in the Asia Pacific. According to the World Health Organization (WHO), the aging population ratio was increased from 6.9% in 2000 to 8.7% in 2017.

Poor accessibility of healthcare equipment and facilities in hospitals, clinics, and diagnostic centers, and high costs associated with the MRI Systems to buy are major factors restraining the market.

This research report on the APAC MRI Systems Market has been segmented and sub-segmented into the following categories:

  • By Field Strength: Low -to Mid -Field, High Field, Very High Field, and Ultra-High Field
  • By Architecture: Open MRI and Closed MRI
  • By Application: Brain, Spine, Cardiac, Abdominal and Breast
  • By Country: India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore, and Rest of APAC

Regional Analysis:

China and India's markets are expected to account for most of the share in the Asia Pacific MRI systems market during the forecast period due to the increasing awareness, growing healthcare expenditure, favorable government policies, and rising medical tourism in these countries.

The Japanese MRI Systems Market is estimated to progress at a favorable rate from 2020 to 2025 due to the rapid expansion of the healthcare service industry, skilled and expert healthcare employees, developed amenities in the healthcare sector, and services at a lower price.

Notable companies operating in the Asia Pacific MRI systems market are Hitachi Medical Corporation, Toshiba Medical Systems, Siemens Healthcare, GE Healthcare, Imris Inc., Fonar Corporation, Esaote S.P.A, Neusoft Medical System, Aurora Medical Imaging, and Philips Healthcare.

1.Introduction                                                                  

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                          

                1.4 General Study Assumptions                                                

2. Research Methodology                                                                           

                2.1 Introduction                                                               

                2.2 Research Phases                                                      

                                2.2.1 Secondary Research                                           

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling                                      

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design                                                         

                2.4 Study Timeline                                                          

3. Overview                                                                       

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 Epidemology                                                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                                    

                4.1 Market Drivers                                                          

                4.2 Market Restraints                                                    

                4.3 Key Challenges                                                         

                4.4 Current Opportunities in the Market                                                              

5. Market Segmentation                                                                              

                5.1 Field Strength                                                            

                                5.1.1 Introduction                                           

                                5.1.2 low to mid field                                     

                                5.1.3 High Field                                 

                                5.1.4 Very High Field                                      

                                5.1.5 Ultra High Field                                      

                                5.1.6  Y-o-Y Growth Analysis, By Field Strength                                  

                                5.1.7  Market Attractiveness Analysis, By Type                                  

                                5.1.8 Market Share Analysis, By Field Strength                                   

                5.2 Architecture                .                                              

                                5.2.1 Introduction                                           

                                5.2.2  Open MRI                                               

                                5.2.3 Closed MRI                                             

                                5.2.4 Y-o-Y Growth Analysis, By Type                                     

                                5.2.5 Market Attractiveness Analysis, By Type                                   

                                5.2.6 Market Share Analysis, By Type                                     

                5.3 Application                                                 

                                5.3.1 Introduction                                           

                                5.3.2 Brain                                          

                                5.3.3 Cardiac                                      

                                5.3.4 Abdominal                                              

                                5.3.5 Spine                                         

                                5.3.6 Breast                                       

                                5.3.7 Y-o-Y Growth Analysis, By Application                                         

                                5.3.8  Market Attractiveness Analysis, By Application                                      

                                5.3.9  Market Share Analysis, By Application                                       

6. Geographical Analysis                                                                              

                6.1 Introduction                                                               

                                6.1.1 Regional Trends                                    

                                6.1.2 Impact Analysis                                     

                                6.1.3 Y-o-Y Growth Analysis                                        

                                                6.1.3.1 By Geographical Area                     

                                                6.1.3.2 By Field Strength                              

                                                6.1.3.3 By Architecture                 

                                                6.1.3.4 By Application                    

                                6.1.4  Market Attractiveness Analysis                                     

                                                6.1.4.1 By Geographical Area                     

                                                6.1.4.2 By Field Strength                              

                                                6.1.4.3 By Architecture                 

                                                6.1.4.4 By Application                    

                                6.1.5  Market Share Analysis                                      

                                                6.1.5.1 By Geographical Area                     

                                                6.1.5.2 By Field Strength                              

                                                6.1.5.3 By Architecture                 

                                                6.1.5.4 By Application                    

                6.2 China                                                             

                6.3 India                                                              

                6.4 Japan                                                            

                6.5 South Korea                                                               

                6.6 Australia                                                      

7.Strategic Analysis                                                                        

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

8.Market Leaders' Analysis                                                                         

                8.1 Hitachi Medical Corporation                                                

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Financial analysis                                  

                                8.1.4 Recent Developments                                       

                                8.1.5 SWOT analysis                                       

                                8.1.6 Analyst View                                          

                8.2 Toshiba Medical Systems                                                     

                8.3 Siemens Healthcare                                                

                8.4 GE Healthcare                                                           

                8.5 Imris Inc.                                                      

                8.6 Fonar Corporation                                                   

                8.7 Esaote S.P.A                                                               

                8.8 Neusoft Medical System                                                      

                8.9 Aurora Medical Imaging                                                        

                8.10 Philips Healthcare                                                  

9.Competitive Landscape                                                                            

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                         

                9.4 New Product Launches                                                         

10.Market Outlook and Investment Opportunities                                                                          

Appendix                                                                           

                a) List of Tables                                                

                b) List of Figures                                                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia-Pacific MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  2. Asia-Pacific low to mid field Market, By Region, From 2020 to 2025 (USD Million)
  3. Asia-Pacific High Field Market, By Region, From 2020 to 2025 (USD Million)
  4. Asia-Pacific Very High Field Market, By Region, From 2020 to 2025 (USD Million)
  5. Asia-Pacific Ultra High Field Market, By Region, From 2020 to 2025 (USD Million)
  6. Asia-Pacific MRI Market, By Application, From 2020 to 2025 (USD Million)
  7. Asia-Pacific Brain Market, By Region, From 2020 to 2025 (USD Million)
  8. Asia-Pacific Abdominal Market, By Region, From 2020 to 2025 (USD Million)
  9. Asia-Pacific Cardiac Market, By Region, From 2020 to 2025 (USD Million)
  10. Asia-Pacific Spine Market, By Region, From 2020 to 2025 (USD Million)
  11. Asia-Pacific Breast Market, By Region, From 2020 to 2025 (USD Million)
  12. Asia-Pacific MRI Market, By Architecture, From 2020 to 2025 (USD Million)
  13. Asia-Pacific Open MRI Market, By Region, From 2020 to 2025 (USD Million)
  14. Asia-Pacific Closed MRI Market, By Region, From 2020 to 2025 (USD Million)
  15. Japan MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  16. Japan MRI Market, By Application, From 2020 to 2025 (USD Million)
  17. Japan MRI Market, By Architecture, From 2020 to 2025 (USD Million)
  18. China MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  19. China MRI Market, By Application, From 2020 to 2025 (USD Million)
  20. China MRI Market, By Architecture, From 2020 to 2025 (USD Million)
  21. India MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  22. India MRI Market, By Application, From 2020 to 2025 (USD Million)
  23. India MRI Market, By Architecture, From 2020 to 2025 (USD Million)
  24. Australia MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  25. Australia MRI Market, By Application, From 2020 to 2025 (USD Million)
  26. Australia MRI Market, By Architecture, From 2020 to 2025 (USD Million)
  27. South Korea MRI Market, By Field Strength, From 2020 to 2025 (USD Million)
  28. South Korea MRI Market, By Application, From 2020 to 2025 (USD Million)
  29. South Korea MRI Market, By Architecture, From 2020 to 2025 (USD Million)

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