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Pulished Date February, 2020
ID: 2230
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Global Closed MRI Systems Market Analysis - By Field Strength (Low to Mid Field, High Field, Very High Filed, Ultra High Field), By Application (Brain, Spine, Cardiac, Breast and Abdomen, Neurological MRI) and By Region - Global Industry Analysis on Size, Share, Growth, Trends, Forecast | 2019 - 2024

Pulished: February, 2020
ID: 2230
Pages: 190

Global Closed MRI Systems Market Size & Growth (2019 - 2024)

As per the report published by Market Data Forecast, the size of the Global Closed MRI Systems Market was worth USD 3.9 Billion in 2019 and is expected to reach 4.7 Billion USD by 2024 with a CAGR of 4.95%.

What is Closed MRI?

Closed MRI is a type of MRI which are used to take high-quality images of internal parts of the body using Magnetic field and Radio waves. Closed MRI is generally completely closed and has high field strength. Closed MRI can take pictures of Head, Spine, Brain, Abdominal, cardiac and blood vessels and find the diseases or any problems associated with them.

Key Market Growth Drivers

There are many drivers in this market like an increase in the aging population, developments in MRI techniques, Developing Markets, open architecture, and software applications, and development of MRI compatible pacemakers.

Major Challenges

However, some of the factors like the high cost of MRI systems, draining helium gas deposits, declining reimbursement rates, lack of skilled labor and complexity of machines are restraining the market.

Potential Opportunities

Increasing support from the government through investments is ascribed to bolster the demand of the closed MRI systems market. The rise in the aging population across the world is also surging the growth of the market. Growth opportunities for the market lie in the emergence of the latest technologies and the launch of innovative equipment. Increasing disposable income in healthcare centers is also likely to surge the demand of the market. Growing prevalence for the construction of hospitals with the latest devices is greatly influencing the growth of the market. Rising support from the government through investments in order to improve the treatment procedures is boosting up the growth of this market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Field Strength, Application, Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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

 

This research report on Global Closed MRI Systems Market segmented and sub-segmented into the following categories and evaluated market size and forecast to each segment until 2024.

Closed MRI Systems Market Analysis - By Field Strength:

  • Low to midfield
  • High Field
  • Very High Field
  • Ultra-High Field

Based on the field strength, Low to midfield type is witnessed in holding dominant shares of the market. The rise in the number of patients with severe health problems is leveling up the demand of the market. Deployment of every application in cloud-based platforms is also spurring the growth of the closed MRI systems market.

Closed MRI Systems Market Analysis - By Application:

  • Brain
  • Spine
  • Cardiac
  • Breast and Abdomen
  • Neurological MRI

On the basis of application, the Brain segment is leading with the highest shares of the market. Increasing incidences of brain cancer and others are mostly fueling the growth of the market. Increasing funds from both private and public organizations are also magnifying the demand of this market to the extent.

Regional Analysis:

North America is accounted for in leading the highest shares of the market with the rise in the revenue in most of the countries. Increased spending on healthcare is leveraging the demand of the market.

The Asia Pacific is next to North America in accounting dominant shares of the market. Growing focus on to promote effective healthcare services to treat patients is spurring the growth of the market. Also, increasing the constructional activities of hospitals in support from the government and non-government organizations are broadening the demand of the closed MRI systems market.

Europe is witnessed in having a tremendous growth rate from the past decade and is also expected to register the highest CAGR in foreseen years. Shifting trend towards modern technologies which are accurate and highly efficient in the diagnosis of a particular disease is accelerating the growth of the market. The Middle East and Africa are anticipated to have huge growth opportunities in the coming years.

Top promising companies operating in the Global Closed MRI Systems Market profiled in this report are:

  1. Hitachi Medical Corporation
  2. Toshiba Medical Systems
  3. Siemens Healthcare
  4. GE Healthcare
  5. Imris Inc.
  6. Fonar Corporation
  7. Esaote S.P.A
  8. Neusoft Medical System
  9. Aurora Medical Imaging
  10. 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 

                                Very High Field 

                                5.1.5  Ultra High Field     

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

                                5.1.7  Market Attractiveness Analysis, By Field Strength

                                5.1.8 Market Share Analysis, By Field Strength   

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Brain          

                                5.2.3 Cardiac      

                                5.2.4 Spine         

                                5.2.5 Abdominal              

                                5.2.6 Breast       

                                5.2.7 Y-o-Y Growth Analysis, By Application         

                                5.2.8  Market Attractiveness Analysis, By Application      

                                5.2.9  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 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 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 Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

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                              

  • Global, 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 organisations a strong financial foothold in the market
  1. Global Closed MRI Market By Region, From 2019-2024 ( USD Billion )
  2. Global Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  3. Global low to mid field Market By Region, From 2019-2024 ( USD Billion )
  4. Global High Field Market By Region, From 2019-2024 ( USD Billion )
  5. Global Very High Field Market By Region, From 2019-2024 ( USD Billion )
  6. Global Ultra High Field Market By Region, From 2019-2024 ( USD Billion )
  7. Global Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  8. Global Brain Market By Region, From 2019-2024 ( USD Billion )
  9. Global Abdominal Market By Region, From 2019-2024 ( USD Billion )
  10. Global Cardiac Market By Region, From 2019-2024 ( USD Billion )
  11. Global Spine Market By Region, From 2019-2024 ( USD Billion )
  12. Global Breast Market By Region, From 2019-2024 ( USD Billion )
  13. North America Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  14. North America low to mid field Market By Region, From 2019-2024 ( USD Billion )
  15. North America High Field Market By Region, From 2019-2024 ( USD Billion )
  16. North America Very High Field Market By Region, From 2019-2024 ( USD Billion )
  17. North America Ultra High Field Market By Region, From 2019-2024 ( USD Billion )
  18. North America Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  19. North America Brain Market By Region, From 2019-2024 ( USD Billion )
  20. North America Abdominal Market By Region, From 2019-2024 ( USD Billion )
  21. North America Cardiac Market By Region, From 2019-2024 ( USD Billion )
  22. North America Spine Market By Region, From 2019-2024 ( USD Billion )
  23. North America Breast Market By Region, From 2019-2024 ( USD Billion )
  24. United States Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  25. United States Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  26. Canada Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  27. Canada Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  28. Europe Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  29. Europe low to mid field Market By Region, From 2019-2024 ( USD Billion )
  30. Europe High Field Market By Region, From 2019-2024 ( USD Billion )
  31. Europe Very High Field Market By Region, From 2019-2024 ( USD Billion )
  32. Europe Ultra High Field Market By Region, From 2019-2024 ( USD Billion )
  33. Europe Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  34. Europe Brain Market By Region, From 2019-2024 ( USD Billion )
  35. Europe Abdominal Market By Region, From 2019-2024 ( USD Billion )
  36. Europe Cardiac Market By Region, From 2019-2024 ( USD Billion )
  37. Europe Spine Market By Region, From 2019-2024 ( USD Billion )
  38. Europe Breast Market By Region, From 2019-2024 ( USD Billion )
  39. U.K. Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  40. U.K. Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  41. Germany Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  42. Germany Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  43. France Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  44. France Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  45. Italy Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  46. Italy Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  47. Spain Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  48. Spain Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  49. Asia-Pacific Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  50. Asia-Pacific low to mid field Market By Region, From 2019-2024 ( USD Billion )
  51. Asia-Pacific High Field Market By Region, From 2019-2024 ( USD Billion )
  52. Asia-Pacific Very High Field Market By Region, From 2019-2024 ( USD Billion )
  53. Asia-Pacific Ultra High Field Market By Region, From 2019-2024 ( USD Billion )
  54. Asia-Pacific Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  55. Asia-Pacific Brain Market By Region, From 2019-2024 ( USD Billion )
  56. Asia-Pacific Abdominal Market By Region, From 2019-2024 ( USD Billion )
  57. Asia-Pacific Cardiac Market By Region, From 2019-2024 ( USD Billion )
  58. Asia-Pacific Spine Market By Region, From 2019-2024 ( USD Billion )
  59. Asia-Pacific Breast Market By Region, From 2019-2024 ( USD Billion )
  60. Japan Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  61. Japan Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  62. China Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  63. China Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  64. India Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  65. India Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  66. Australia Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  67. Australia Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  68. South Korea Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  69. South Korea Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  70. Latin America Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  71. Latin America low to mid field Market By Region, From 2019-2024 ( USD Billion )
  72. Latin America High Field Market By Region, From 2019-2024 ( USD Billion )
  73. Latin America Very High Field Market By Region, From 2019-2024 ( USD Billion )
  74. Latin America Ultra High Field Market By Region, From 2019-2024 ( USD Billion )
  75. Latin America Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  76. Latin America Brain Market By Region, From 2019-2024 ( USD Billion )
  77. Latin America Abdominal Market By Region, From 2019-2024 ( USD Billion )
  78. Latin America Cardiac Market By Region, From 2019-2024 ( USD Billion )
  79. Latin America Spine Market By Region, From 2019-2024 ( USD Billion )
  80. Latin America Breast Market By Region, From 2019-2024 ( USD Billion )
  81. Brazil Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  82. Brazil Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  83. Argentina Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  84. Argentina Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  85. Mexico Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  86. Mexico Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  87. Rest of Latin America Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  88. Rest of Latin America Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  89. Middle East & Africa Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  90. Middle East & Africa low to mid field Market By Region, From 2019-2024 ( USD Billion )
  91. Middle East & Africa High Field Market By Region, From 2019-2024 ( USD Billion )
  92. Middle East & Africa Very High Field Market By Region, From 2019-2024 ( USD Billion )
  93. Middle East & Africa Ultra High Field Market By Region, From 2019-2024 ( USD Billion )
  94. Middle East & Africa Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  95. Middle East & Africa Brain Market By Region, From 2019-2024 ( USD Billion )
  96. Middle East & Africa Abdominal Market By Region, From 2019-2024 ( USD Billion )
  97. Middle East & Africa Cardiac Market By Region, From 2019-2024 ( USD Billion )
  98. Middle East & Africa Spine Market By Region, From 2019-2024 ( USD Billion )
  99. Middle East & Africa Breast Market By Region, From 2019-2024 ( USD Billion )
  100. Middle East Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  101. Middle East Closed MRI Market By Application, From 2019-2024 ( USD Billion )
  102. Africa Closed MRI Market By Field Strength, From 2019-2024 ( USD Billion )
  103. Africa Closed MRI Market By Application, From 2019-2024 ( USD Billion )

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