Table of Content


1 Industry Outlook 11
1.1 Medical Devices Industry 11
1.1.1 Overview 11
1.1.2 Medical Technologies 14
1.1.3 Industry Trends 16
1.2 Healthcare Spending in the US 17
1.3 Regulatory Bodies & Standards 17
1.4 Reimbursement Scenario 18
1.5 Emerging Global Markets 20
1.6 Patient Demographics 21
1.7 Medical Imaging 23
1.7.1 Overview 23
1.7.2 Definition: Magnetic Resonance Imaging 24
1.7.3 Why Magnetic Resonance Imaging? 24
1.7.4 PESTLE Analysis 26
2 Report Outline 28
2.1 Report Scope 28
2.2 Report Summary 28
2.3 Research Methodology 30
2.4 Report Assumptions 30
3 Market Snapshot 31
3.1 Total Addressable Market (TAM) 31
3.2 Segmented Addressable Market (SAM) 32
3.3 Opportunity Analysis 35
3.4 Strategic Initiatives 36
3.5 Related Markets 37
3.5.1 Ultrasound Devices 37
3.5.2 Medical X-ray Equipment 37
3.5.3 Medical Imaging 37
3.5.4 Mammography Devices 38
3.5.5 Healthcare X-ray Detectors 38
3.6 Porter 5 (Five) Forces 39
4 Market Characteristics 40
4.1 Market Segmentation 40
4.1.1 Closed Magnetic Resonance Imaging Systems 42
4.1.2 Open Magnetic Resonance Imaging Systems 43
4.2 Magnetic Resonance Imaging Market, By Field 44
4.2.1 Low Field MRI Systems 44
4.2.2 High Field MRI Systems 45
4.2.3 Very High Field MRI Systems 46
4.3 Magnetic Resonance Imaging Market, By Application Type 48
4.3.1 Cardiology 49
4.3.2 Neurology 49
4.3.3 Oncology 49
4.3.4 Gastroenterology 50
4.3.5 Musculoskeletal 50
4.3.6 Others 50
4.4 Market Dynamics 50
4.4.1 Drivers 51
4.4.1.1 Increase in adoption of MRI systems 51
4.4.1.2 Rise in investment in advanced diagnostic facilities 52
4.4.1.3 Government initiatives to propel the overall growth 52
4.4.1.4 Rise in demand of multi-modality molecular imaging 52
4.4.2 Restraints 53
4.4.2.1 High cost of MRI devices 53
4.4.2.2 Low reimbursement/unfavorable reimbursement plans 53
4.4.2.1 Intense competition among vendors 53
4.4.2.2 Lack of skilled radiologists 54
4.4.3 Opportunities 54
4.4.3.1 Emergence of 7T MRI system 54
4.4.3.2 Medical imaging to integrate with IT 54
4.4.3.3 Healthcare industry undergoing transformation to move towards affordable and quality care 54
4.4.3.4 Development in medical imaging 55
4.4.3.5 Introduction of artificial intelligence to aid radiology 56
4.4.3.6 Early prevention and diagnosis 56
4.4.3.7 Big data and analytical tools to enhance healthcare interoperability 56
4.4.4 DRO – Impact Analysis 57
4.5 Key Stakeholders 58
5 Industry Trends 59
5.1 Market Trends & Impact 59
6 Buying Criteria 60
7 End-users 61
7.1 Overview 61
7.2 Hospitals 62
7.3 Ambulatory Care Centers (ASCs) 62
7.4 Diagnostic Centers 63
7.5 Others (Research Centers and Universities) 63
8 Regions 65
8.1 Overview 65
8.2 North America 66
8.2.1 Overview 66
8.3 Europe 68
8.3.1 Overview 68
8.4 APAC 69
8.4.1 Overview 69
8.5 Rest of the World 71
8.5.1 Overview 71
9 Market Attractiveness 74
9.1 Overview 74
9.2 Market Attractiveness by End-users 75
10 Competitive Landscape 76
10.1 Competitor Comparison Analysis 76
10.1.1 Key Competitive Facts 77
11 Vendors Profile 79
11.1 GE Healthcare 79
11.1.1 Overview 79
11.1.2 Business Units 84
11.1.3 Geographic Revenue 86
11.1.4 Business Focus 86
11.1.5 SWOT Analysis 87
11.1.6 Business Strategies 87
11.2 Philips Healthcare 88
11.2.1 Overview 88
11.2.2 Business Units 94
11.2.3 Geographic Revenue 95
11.2.4 Business Focus 95
11.2.5 SWOT Analysis 96
11.2.6 Business Strategies 96
11.3 Siemens Healthineers Inc. 97
11.3.1 Overview 97
11.3.2 Business Units 103
11.3.3 Geographic Revenue 105
11.3.4 Business Focus 105
11.3.5 SWOT Analysis 106
11.3.6 Business Strategies 106
11.4 Fujifilm Holdings Corp. 107
11.4.1 Overview 107
11.4.2 Business Units 112
11.4.3 Geographic Revenue 113
11.4.4 Business Focus 113
11.4.5 SWOT Analysis 114
11.4.6 Business Strategies 114
11.5 Canon Medical Systems Corp. 115
11.5.1 Overview 115
11.5.2 Business Segments 118
11.5.3 Geographic Revenue 118
11.5.4 Business Focus 119
11.5.5 SWOT Analysis 119
11.5.6 Business Strategies 120
12 Companies to Watch for 121
12.1 Aspect Imaging 121
12.1.1 Overview 121
12.1.2 Key Highlights 121
12.1.3 Key News 121
12.2 Hitachi Medical Corp. 122
12.2.1 Overview 122
12.2.2 Key Highlights 122
12.2.3 Key Focus 123
12.3 Hologic Corp. 123
12.3.1 Overview 123
12.3.2 Key Highlights 124
12.3.3 Key News 124
12.4 Accuray Inc. 124
12.4.1 Overview 124
12.4.2 Key Highlights 125
12.4.3 Key News 125
12.5 Aurora Imaging Technology, Inc. 125
12.5.1 Overview 125
12.5.2 Key Highlights 125
12.5.3 Key News 126
13 Other Prominent Vendors 127
14 Annexure 128

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List of Figures


Charts

CHART 1 GLOBAL MEDICAL DEVICE MARKET BY GEOGRAPHY (2017) 11
CHART 2 GLOBAL MEDICAL IMAGING MARKET BY GEOGRAPHY (2017) 14
CHART 3 GLOBAL MEDICAL DEVICES MARKET SEGMENTATION 15
CHART 4 IMPERATIVES OF EMERGING MARKETS 21
CHART 5 US POPULATION DISTRIBUTION BY AGE 2017 22
CHART 6 US HEALTHCARE CONSUMPTION BY AGE 2017 22
CHART 7 WORLD POPULATION AGED 65 YEARS AND ABOVE, 1960–2060 (%) 23
CHART 8 PESTLE ANALYSIS OF MAGNETIC RESONANCE IMAGING MARKET 26
CHART 9 RESEARCH METHODOLOGY OF GLOBAL MAGNETIC RESONANCE IMAGING MARKET 30
CHART 10 GLOBAL MAGNETIC RESONANCE IMAGING MARKET REVENUE, 2019–2025 ($MILLION) 34
CHART 11 OPPORTUNITY ANALYSIS 36
CHART 12 PORTERS 5 FORCES ON GLOBAL MAGNETIC RESONANCE IMAGING MARKET 39
CHART 13 GLOBAL MAGNETIC RESONANCE IMAGING MARKET SEGMENTATION 40
CHART 14 GLOBAL MAGNETIC RESONANCE IMAGING MARKET 2018 AND 2025 40
CHART 15 GLOBAL MAGNETIC RESONANCE IMAGING MARKET OVERVIEW BY PRODUCTS 2018 ($MILLION) 41
CHART 16 GLOBAL MAGNETIC RESONANCE IMAGING MARKET SEGMENTATION BY PRODUCT, 2018–2025 ($MILLION) 41
CHART 17 GLOBAL MAGNETIC RESONANCE IMAGING MARKET SEGMENTATION BY PRODUCT, 2018–2025 (%) 42
CHART 18 GLOBAL CLOSED MAGNETIC RESONANCE IMAGING SYSTEMS MARKET REVENUE, 2018–2025 ($MILLION) 43
CHART 19 GLOBAL OPEN MAGNETIC RESONANCE IMAGING SYSTEMS MARKET REVENUE, 2018-2025 ($MILLION) 44
CHART 20 GLOBAL LOW FIELD MRI MARKET REVENUE, 2018-2025 ($MILLION) 45
CHART 21 GLOBAL HIGH FIELD MRI MARKET REVENUE, 2018–2025 ($MILLION) 46
CHART 22 GLOBAL VERY HIGH MRI MARKET REVENUE, 2018-2025 ($MILLION) 48
CHART 23 GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY APPLICATION 2018 (%) 48
CHART 24 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES 50
CHART 25 DRO - IMPACT ANALYSIS OF GLOBAL MAGNETIC RESONANCE IMAGING MARKET 57
CHART 26 KEY STAKEHOLDERS OF GLOBAL MAGNETIC RESONANCE IMAGING MARKET 58
CHART 27 GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY END-USER SEGMENTATION, 2018 (%) 61
CHART 28 GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY GEOGRAPHICAL SEGMENTATION, 2018 AND 2025 (%) 65
CHART 29 GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY REGIONS 2018 ($MILLION) 66
CHART 30 MAGNETIC RESONANCE IMAGING MARKET REVENUE IN NORTH AMERICA, 2018-2025 ($MILLION) 68
CHART 31 MAGNERIC RESONANCE IMAGING MARKET REVENUE IN EUROPE, 2018–2025 ($MILLION) 69
CHART 32 MAGNETIC RESONANCE IMAGING MARKET REVENUE IN APAC, 2018–2025 ($MILLION) 70
CHART 33 MAGNETIC RESONANCE IMAGING MARKET REVENUE FORECAST IN REST OF THE WORLD, 2018-2025 ($MILLION) 72
CHART 34 GLOBAL MAGNETIC RESONANCE IMAGING MARKET SEGMENTATION BY GEOGRAPHY, 2018-2025 ($MILLION) 72
CHART 35 GLOBAL MAGNETIC RESONANCE IMAGING MARKET SEGMENTATION BY GEOGRAPHY, 2018-2025 (%) 73
CHART 36 GE HEALTHCARE: OVERVIEW SNAPSHOT 83
CHART 37 GE HEALTHCARE: BUSINESS UNITS 84
CHART 38 GE HEALTHCARE: GEOGRAPHIC REVENUE 86
CHART 39 GE HEALTHCARE: SWOT ANALYSIS 87
CHART 40 PHILIPS HEALTHCARE: OVERVIEW SNAPSHOT 93
CHART 41 PHILIPS HEALTHCARE: BUSINESS UNITS 94
CHART 42 PHILIPS HEALTHCARE: GEOGRAPHIC REVENUE 95
CHART 43 PHILIPS HEALTHCARE: SWOT ANALYSIS 96
CHART 44 SIEMENS HEALTHINEERS INC.: OVERVIEW SNAPSHOT 102
CHART 45 SIEMENS HEALTHINEERS INC.: BUSINESS UNITS 103
CHART 46 SIEMENS HEALTHINEERS INC.: GEOGRAPHIC REVENUE 105
CHART 47 SIEMENS HEALTHINEERS INC.: SWOT ANALYSIS 106
CHART 48 FUJIFILM HOLDINGS CORP.: OVERVIEW SNAPSHOT 111
CHART 49 FUJIFILM HOLDINGS CORP.: BUSINESS UNITS 112
CHART 50 FUJIFILM HOLDINGS CORP.: GEOGRAPHIC REVENUE 113
CHART 51 FUJIFILM HOLDINGS CORP.: SWOT ANALYSIS 114
CHART 52 CANON MEDICAL SYSTEMS CORP.: OVERVIEW SNAPSHOT 117
CHART 53 CANON MEDICAL SYSTEMS CORP.: SEGMENT SALES 118
CHART 54 CANON MEDICAL SYSTEM CORP.: GEOGRAPHIC REVENUE 118
CHART 55 CANON MEDICAL SYSTEMS CORP.: SWOT ANALYSIS 119

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List of Tables


Tables

TABLE 1 MEDICAL DEVICES BY CATEGORY 12
TABLE 2 TOP LISTED MEDICAL DEVICES COMPANY 2018 13
TABLE 3 MRI MARKET OUTLOOK 32
TABLE 4 GLOBAL MAGNETIC RESONANCE IMAGING MARKET BY END-USERS 63
TABLE 5 GLOBAL MAGNETIC RESONANCE IMAGING REVENUE BY REGIONS FORECAST, 2019–2025 ($MILLION) 66
TABLE 6 COMPETITIVE STRUCTURE ANALYSIS OF GLOBAL MAGNETIC RESONANCE IMAGING MARKET (2018) 78
TABLE 7 GE HEALTHCARE: PRODUCT OFFERINGS 79
TABLE 8 GE HEALTHCARE: RECENT DEVELOPMENTS 80
TABLE 9 PHILIPS HEALTHCARE: PRODUCT OFFERINGS 88
TABLE 10 PHILIPS HEALTHCARE: RECENT DEVELOPMENTS 89
TABLE 11 SIEMENS HEALTHINEERS INC.: RECENT DEVELOPMENTS 97
TABLE 12 SIEMENS HEALTHINEERS INC.: RECENT DEVELOPMENTS 100
TABLE 13 FUJIFILM HOLDINGS CORP.: OFFERINGS 107
TABLE 14 FUJIFILM HOLDINGS CORP.: RECENT DEVELOPMENTS 108
TABLE 15 CANON MEDICAL SYSTEMS CORP.: OFFERINGS 115
TABLE 16 CANON MEDICAL SYSTEMS CORP.: RECENT DEVELOPMENTS 116
TABLE 17 ASPECT IMAGING: SNAPSHOT 121
TABLE 18 SHIMADZU CORP.: SNAPSHOT 122
TABLE 19 HOLOGIC CORP.: SNAPSHOT 123
TABLE 20 ACCURAY INC.: SNAPSHOT 124
TABLE 21 AURORA IMAGING TECHNOLOGY, INC.: SNAPSHOT 125
TABLE 22 OTHER PROMINENT VENDORS IN THE GLOBAL MAGNETIC RESONANCE IMAGING MARKET 127

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