Open MRI Systems Market by Field Strength (Low -to mid -Field) & Application (Brain, Spine, Cardiac, Abdominal, Breast) and by Region – Global Industry Analysis, Share, Size, Growth, Trends, and Forecasts (2016-2021).

Open MRI Systems Market by Field Strength (Low -to mid -Field) & Application (Brain, Spine, Cardiac, Abdominal, Breast) and by Region – Global Industry Analysis, Share, Size, Growth, Trends, and Forecasts (2016-2021).

ID: 2339 | Pages: 190 | May 2017 | Region: Global


Global open MRI Systems Market was worth USD 2.24 Billion in 2016 and is expected to reach USD 3.16 Billion by 2021 with a CAGR OF 7.10%. MRI is a scan which utilizes magnetic field and pulses from Radio wave energy to make pictures of internal parts of our body. MRI may show problems that wasn’t seen by other imaging methods. MRI’s are generally closed but there are some which doesn’t enclose your body completely which is called open MRI. But they aren’t available everywhere.

MRI is mainly used for finding problems like tumors, injury, Bleeding, Blood Vessel Diseases, or Infection. It is also used to see a problem encountered on x-ray or CT scan. MRI can take pictures of Head, Spine, Brain, Abdominal, cardiac and blood vessels and find the diseases or any problems associated with them. In the past open MRI was considered as low field MRI and most of the people think it’s less powerful than closed MRI. But now a day’s field strength is increased and in the range of mid field MRI. It’s field strength is even improved to high field but we do not call it open anymore.

There are many drivers in this market like increase in aging population, developments in MRI techniques, Developing Markets, open architecture, and software Applications, and development of MRI compatible pacemakers. But some of the factors like high cost of MRI systems, draining helium gas deposits, declining reimbursement rates, lack of skilled labor and complexity of machines are restraining the market.

The Open MRI Systems market is segmented based on field strength, Application. Based on field Strength, Open MRI Systems are further Segmented into low to mid field. Based on Application, market is further segmented into Brain, Spine, Cardiac, Breast and Abdomen. In this market, Brain and Neurological MRI holds the highest share owing to rise in geriatric population and rise in early awareness levels. Based on Geography, this market is further segmented in to North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. North America has the largest share followed by Asia-Pacific. Asia-Pacific will be fastest growing region because of increase in spending limit.

Key players in the Open MRI systems market are Hitachi Medical Corporation (Japan), Toshiba Medical Systems (Japan), Siemens Healthcare (Germany), GE Healthcare (U.K.), and Philips Healthcare (Netherlands).

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 Y-o-Y Growth Analysis, By Field Strength   

                                5.1.4 Market Attractiveness Analysis, By Field Strength 

                                5.1.5  Market Share Analysis, By Field Strength  

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Brain          

                                5.2.3 Spine         

                                5.2.4 Abdominal              

                                5.2.5 Breast       

                                5.2.6 Cardiac      

                                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 GE Healthcare                           

                                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 Hitachi Medical Corporation                

                8.3 Philips Healthcare                    

                8.4 Siemens Healthcare                

                8.5 Toshiba Medical Systems                     

                8.6 Aastrom Biosciences                              

                8.7 Celgene Corporation                              

                8.8 Invitrogen                   

                8.9 Cytori Therapeutics                 

                8.10 Retractable Technologies                   

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
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  1. Global Open MRI Systems Market By Region, From 2016-2021 ( USD Million )
  2. Global Open MRI Systems Market By Field Strength, From 2016-2021 ( USD Million )
  3. Global Low to Mid Field Market By Region, From 2016-2021 ( USD Million )
  4. Global Open MRI Systems Market By Application, From 2016-2021 ( USD Million )
  5. Global Brain Market By Region, From 2016-2021 ( USD Million )
  6. Global Spine Market By Region, From 2016-2021 ( USD Million )
  7. Global Cardiac Market By Region, From 2016-2021 ( USD Million )
  8. Global Abdominal Market By Region, From 2016-2021 ( USD Million )
  9. Global Breast Market By Region, From 2016-2021 ( USD Million )
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