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Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets
Date:10/6/2011

NEW YORK, Oct. 6, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets

http://www.reportlinker.com/p0298005/Medical-Magnetic-Resonance-Imaging-MRI-Technologies-and-Global-Markets.html?utm_source=prnewswire&utm_medium=pr&utm_campaign=Medical_Imaging

In the U.S., recent reimbursement changes and the economic downturn have called the expanding use of MRI scanning into question. The North American market is worth $2.3 billion in 2010 and is expected to increase at a 4.4% compound annual growth rate (CAGR) to reach $2.9 billion in 2015.

Europe ranks with the U.S. as one of the most developed MRI markets. Expanding applications in the neurologic, cardiac, and breast MRI areas should drive the EU market. This sector is estimated at $1.2 billion in 2010 and is expected to increase at a 10% compound annual growth rate (CAGR) to reach $1.9 billion in 2015.

Japan remains an early adopter of newer MRI equipment, making it a prime opportunity for newer 3T equipment. This market is valued at $1 billion in 2010 and should reach $1.3 billion in 2015, a compound annual growth rate (CAGR) of 4.3%.

INTRODUCTION

REASONS FOR DOING THE STUDY

Medical imaging costs make up one of the fastest-growing components of overall healthcare costs, and medical resonance imaging (MRI) is one of the leading imaging technologies used by healthcare providers. Whether the imaging is done for diagnostic or interventional reasons, the market for MRI is expanding.

Medical imaging through the use of MRI equipment accounts for approximately 25% of the medical imaging technologies used globally. Determining the influence of MR imaging on future healthcare trends and the viability for market expansion in a stringent reimbursement and regulatory environment are key reasons for conducting this market study. 

Macro trends that benefit the MRI market include: an aging worldwide population; continued global urbanization; prevalence of major diseases such as heart disease, cancer, and diabetes; and expanding access to healthcare products and services, particularly in rural areas and for younger populations. Negative global trends include stricter medical insurance reimbursement policies and economic turbulence throughout the world.

The study will explore the keys to continued growth in this industry, including increasing sales in developing regions, expanded services, a strong pipeline of new products, and new applications for existing technologies. 

STUDY GOALS AND OBJECTIVES

The goal of this study is to describe and discuss changes in the global MRI market. Thisreport is designed to achieve the following objectives:

To describe the trends and developments for each type of MRI technology and how each is meant to satisfy the needs of manufacturers.  

To analyze market and driving forces to determine the market size for the technologies and pinpoint target applications.  

To examine the MRI business in terms of specific companies and their position in the market.

The report is designed to appeal to many different readers including venture capitalists interested in exploring commercialization opportunities, marketing and management individuals within the industry, and even the casual reader who desires to understand how market pressures and technology interact in this industry.   

SCOPE OF REPORT 

This technical market report organizes information from diverse sources into a cohesive unit that includes overview, industry structure, and technology sections. 

The report examines the MRI equipment industry in general, the types of technology currently in use as well as future applications, and regulatory influences. The industry structure section discusses the most active suppliers with regard to relative market share, marketing strengths, and forces that promote or hamper growth of technologies. The technology sections detail historical, current, and projected (2010 through 2015) market values.    

METHODOLOGIES AND INFORMATION SOURCES

The data for this report was gathered from primary and secondary sources. Primary data was obtained from industry personnel and government agencies. Secondary sources include information gleaned from trade journals; the U.S. Patent and Trademark Office (USPTO); company reports; press releases; product literature; and government documents. Where precise information was not available, a consensus was made using reasonable assumptions and estimates based on historical data. 

ANALYST CREDENTIALS

Peggy S. Lehr is the BCC Research Analyst of this report. Ms. Lehr has worked within the publishing arms of for-profit and not-for-profit organizations, and she specializes in marketing reports on the medical industry. She has authored several market research reports for BCC Research. 

Chapter- 1: INTRODUCTION -- Complimentary

REASONS FOR DOING THE STUDY 1

STUDY GOALS AND OBJECTIVES 1

SCOPE OF REPORT 2

METHODOLOGIES AND INFORMATION SOURCES 2

ANALYST CREDENTIALS 2

RELATED BCC REPORTS 2

BCC ON LINE SERVICES 3

DISCLAIMER 3

Chapter-2: SUMMARY

SUMMARY 4

SUMMARY TABLE GLOBAL MARKET FOR MRI SYSTEMS BY REGION, THROUGH 2015 5

SUMMARY FIGURE   GLOBAL MARKET FOR MRI SYSTEMS BY REGION, 2010 AND 2015 (%) 6

Chapter-3: OVERVIEW

HISTORY 7

MECHANICS OF THE MRI 7

MAGNETS 8

Resistive Magnets 8

Permanent Magnets 8

Superconducting Magnets 8

Gradient Magnets 9

COILS 9

Coils for Specific Applications 9

Total Imaging Matrix 10

REFURBISHED COILS 10

TABLE 1 GLOBAL MARKET FOR MRI COILS, THROUGH 2015

($ MILLIONS) 10

RF TRANMITTER OR SOLENOID 11

SHIELDS 11

Magnetic Shielding 11

CRYOGENIC LIQUIDS 11

CONTRAST AGENTS 12

Chelates of Gadolinium 12

Iron Oxide 13

Manganese Chelates 13

TABLE 2 PROJECTED GLOBAL MARKET FOR SALES OF MRI

CONTRAST MEDIA, THROUGH 2015 ($ MILLIONS) 13

COMPUTER SYSTEM 13

MRI PROCESS 13

CONTRAST AGENTS IN MRI 14

USES 15

TYPES OF MRI SCANS 15

BASIC MRI SCANS 15

TABLE 3 BASIC MRI SCAN, BY TYPE, WITH APPLICATTION 16

T1-Weighted MRI 16

T2-Weighted MRI 16

T*2-Weighted MRI 16

Spin-Density-Weighted MRI 17

SPECIALIZED MRI SCANS 17

TABLE 4 SPECIALIZED MRI SCAN, BY TYPE, WITH APPLICATION 17

Diffusion MRI 17

Magnetization Transfer MRI 18

Fluid Attenuated Inversion Recovery (FLAIR) 18

Magnetic Resonance Angiography (MRA) 18

Magnetic Resonance Gated Intracranial CSF Dynamics (MR-GILD) 19

Magnetic Resonance Spectroscopy (MRS) 19

FUNCTIONAL MRI (FMRI) 19

INTERVENTIONAL MRI 20

INTRAOPERATIVE MRI 20

RADIATION THERAPY SIMULATION 20

MAGNETIC RESONANCE GUIDED FOCUSED ULTRASOUND (MRGFUS) 20

MULTINUCLEAR IMAGING 20

SUSCEPTIBILITY-WEIGHTED IMAGING (SWI) 21

MRI AND CT ATTRIBUTES 21

STRENGTHS/LIMITATIONS OF CT 21

STRENGTHS/LIMITATIONS OF MRI 21

TABLE 5 STRENGTHS/LIMITATIONS OF MRI 22

MRI MARKET STRENGTHS 22

SUPERIOR IMAGING FOR SOME SITUATIONS 22

CONTINUING EVOLUTION OF MORE POWERFUL EQUIPMENT 23

NEW APPLICATIONS FOR EQUIPMENT 23

MARKET CHALLENGES 23

MATURE MARKET IN DEVELOPED NATIONS 23

DIFFERENTIATING PRODUCT CAPABILITIES 23

Unit Capabilities 24

COMPLEX TECHNOLOGY AND LACK OF PERSONNEL 24

LONG SALES AND INSTALLATION CYCLES 24

HIGHER COST THAN OTHER TECHNOLOGIES 24

COMPETITIVE TECHNOLOGIES 25

TABLE 6 ADVANTAGES/DISADVANTAGES OF IMAGING

TECHNOLOGIES 25

FIGURE 1 PERCENT OF MARKET, BY TYPE OF IMAGING, IN THE U.S., 2010 (%) 26

Chapter-4: MRI EQUIPMENT OVERVIEW

CHAPTER FOUR: MRI EQUIPMENT OVERVIEW 27

TYPES OF SYSTEMS 27

TABLE 7 PROJECTED GLOBAL REVENUE, BY SYSTEM TYPE,

     THROUGH 2015 ($ MILLIONS) 27

MRI CONFIGURATIONS 27

FIGURE 2 MARKET SHARE, BY CONFIGURATION, FOR MRI SYSTEMS, 2009 AND 2015 (%) 28

CLOSED MRI SCANNERS 29

OPEN MRI SCANNERS 29

WHOLE-BODY MRI SCANNER 29

LOW- AND MID-FIELD SYSTEMS 30

TABLE 8 PROJECTED GLOBAL REVENUE FOR LOW- AND

     MID-FIELD SYSTEMS, BY CONFIGURATION, THROUGH

     2015 ($ MILLIONS) 31

HIGH-FIELD SYSTEMS 31

TABLE 9 PROJECTED GLOBAL REVENUE FOR HIGH-FIELD SYSTEMS,

     BY CONFIGURATION, THROUGH 2015 ($ MILLIONS) 31

VERY-HIGH-FIELD SYSTEMS 32

BENEFITS OF VERY-HIGH-FIELD SYSTEMS 32

LIMITATIONS OF 3T SCANNERS 32

TABLE 10 PROJECTED GLOBAL RE4VENUE FOR VERY-HIGH-FIELD

      SYSTEMS, BY CONFIGURATION, THROUGH 2015 ($ MILLIONS) 33

ULTRAHIGH-FIELD SYSTEMS 33

TABLE 11 PROJECTED GLOBAL REVENUE FOR ULTRAHIGH-FIELD

      SYSTEMS, BY CONFIGURATION, THROUGH 2015 ($ MILLIONS) 34

SPECIALIZED MAGNET SYSTEMS 34

TABLE 12 PROJECTED GLOBAL REVENUE FOR SPECIALIZED MAGNET

      SYSTEMS, BY AREA OF VISUALIZATION, THROUGH 2015

     ($ MILLIONS) 35

MARKET BY GEOGRAPHIC AREA 35

TABLE 13 PROJECTED PERCENT OF TOTAL MARKET, BY GEOGRAPHIC

      AREA, 2010 AND 2015 (%) 36

REFURBISHING VERSUS NEW COMPONENTS 36

FUTURE FOR USED MRI UNITS 37

Chapter-5: THE GLOBAL MARKET FOR MRI EQUIPMENT

OVERVIEW 38

FIGURE 3 MRI UNITS IN SERVICE, BY COUNTRY, 2007 38

FIGURE 3 (CONTINUED) 39

INDUSTRY CONSOLIDATION 39

TABLE 14 SELECTED ACQUISITIONS, 2004-2010 40

FIGURE 4 GLOBAL MARKET SHARE FOR MRI EQUIPMENT, BY COMPANY, 2009 (%) 41

MARKET LEADERSHIP POSITIONS, BY COUNTRY 41

FIGURE 5 GLOBAL MARKET FOR MRI EQUIPMENT, BY COUNTRY, IN 2009 (%) 42

MARKET OPPORTUNITIES, BY COUNTRY 42

UNITED STATES 42

EUROPEAN UNION 43

JAPAN 43

CHINA 44

INDIA 44

BRAZIL 45

Chapter-6: CURRENT MRI APPLICATIONS

TABLE 15 MRI SCANS, BY TYPE AND COMPANY, 2009 46

DIAGNOSTIC 46

BREAST 47

Recent Study with Future Implications 47

Procedures 48

Strengths/Limitations 48

Equipment Manufacturers 48

NEUROLOGICAL 49

Procedures 49

Strengths/Limitations 49

Equipment Manufacturers 49

CANCER 49

Procedures 50

Strengths/Limitations 50

Equipment Manufacturers 50

MR CHOLANGIOPANCREATOGRAPHY (MRCP) 50

Procedures 50

Strengths/Limitations 51

Equipment Manufacturers 51

CARDIAC 51

Procedures 51

Strengths 51

Limitations 52

Equipment Manufacturers 52

VASCULAR 52

Procedures 52

Strengths/Limitations 53

Equipment Manufacturers 53

MUSCULOSKELETAL 53

Procedures 53

Strengths/Limitations 54

Equipment Manufacturers 54

PROSTATE 54

Procedures 54

Strengths/Limitations 55

Equipment manufacturers 55

SPINE 55

Procedures 55

Strengths/Limitations 56

Equipment Manufacturers 56

INTRAOPERATIVE 56

BREAST 56

TABLE 16 BREAST APPLICATIONS FOR MRI 57

NEUROLOGICAL 57

TABLE 17 NEUROLOGICAL APPLICATIONS FOR MRI 57

CANCER 57

TABLE 18 CANCER APPLICATIONS FOR MRI 58

CARDIAC 58

TABLE 19 CARDIAC APPLICATIONS FOR MRI 58

MUSCULOSKELETAL 59

TABLE 20 MUSCULOSKELETAL APPLICATIONS FOR MRI 59

SPINE 59

TABLE 21 SPINAL APPLICTIONS FOR MRI 59

VASCULAR 60

TABLE 22 VASCULAR APPLICATIONS FOR MRI 60

Chapter-7: REGULATIONS AND REIMBURSEMENT

TABLE 23 SELECTED MRI REGULATORY AGENCIES BY COUNTRY 61

FDA REGULATIONS 61

EU REGULATIONS 62

CANADIAN REGULATIONS 63

JAPANESE REGULATIONS 63

CHINESE REGULATIONS 63

BRAZILIAN REGULATIONS 64

SAFETY ORGANIZATIONS 64

TABLE 24 SELECTED U.S. MRI SAFETY ORGANIZATIONS 64

REIMBURSEMENT ISSUES 64

TABLE 25 REIMBURSEMENT PRACTICES, BY COUNTRY 65

UNITED STATES 65

Deficit Reduction Act (DRA) of 2005 65

Effects of DRA on MRI Industry 66

Healthcare Reform in 2009 66

Implications of Reform on the MRI Market 66

CANADA 67

EUROPEAN UNION 67

JAPAN 68

CHINA 69

INDIA 69

BRAZIL 70

Chapter-8: PATENTS

FIGURE 6 MRI SYSTEMS, BY PATENTS (%) 71

FIGURE 6 (CONTINUED) 72

TABLE 26 MRI PATENTS ISSUED, BY COUNTRY, JANUARY 2000 TO

      MAY 2010 72

LOW- AND MID-FIELD SYSTEMS 72

TABLE 27 PATENTS ISSUED FOR LOW- AND MID-FIELD SYSTEMS

     AND EQUIPMENT, JANUARY 2000 TO MAY 2010 73

PATENTS BY ASSIGNEE 74

TABLE 28 LOW AND MID-FIELD SYSTEMS PATENTS BY ASSIGNEE,

      JANUARY 2000 TO MAY 2010 74

PATENTS BY TECHNOLOGY 74

TABLE 29 LOW- AND MID-FIELD SYSTEM PATENTS BY TECHNOLOGY,

      JANUARY 2000 TO MARCH 2010 75

HIGH-FIELD SYSTEMS 75

TABLE 30 PATENTS ISSUED FOR HIGH-FIELD SYSTEMS, JANUARY 2000

      TO MAY 2010 75

VERY-HIGH-FIELD SYSTEMS 75

TABLE 31 PATENTS ISSUED FOR VERY-HIGH-FIELD MRI SYSTEMS,

      JANUARY 2000 TO MAY 2010 76

PATENTS BY ASSIGNEE 76

PATENTS BY TECHNOLOGY 76

CLOSED MRI SYSTEMS 76

TABLE 32 PATENTS ISSUED FOR CLOSED MRI SYSTEMS, JANUARY 2000

      TO MAY 2010 76

TABLE 32 (CONTINUED) 77

TABLE 32 (CONTINUED) 78

TABLE 33 CLOSED MRI SYSTEM PATENTS BY ASSIGNEE, JANUARY

     2000 TO MAY 2010 78

PATENTS BY TECHNOLOGY 78

TABLE 34 CLOSED MRI SYSTEM PATENTS BY TECHNOLOGY,

      JANUARY 2000-MARCH 2010 79

OPEN MRI SYSTEMS 79

TABLE 35 PATENTS ISSUED FOR OPEN MRI SYSTEMS, JANUARY 2000

     TO MAY 2010 79

TABLE 35 (CONTINUED) 80

TABLE 35 (CONTINUED) 81

PATENTS BY ASSIGNEE 81

TABLE 36 OPEN MRI SYSTEM PATENTS BY ASSIGNEE, JANUARY 2000

      TO MAY 2010 82

PATENTS BY TECHNOLOGY 82

TABLE 37 OPEN MRI SYSTEM PATENTS BY TECHNOLOGY, JANUARY

     2000-MARCH 2010 82

           WHOLE-BODY SYSTEMS 83

TABLE 38 PATENTS ISSUED FOR WHOLE-BODY SYSTEMS,

     JANUARY 2000-MAY 2010 83

PATENTS BY ASSIGNEE 83

TABLE 39 WHOLE BODY SYSTEMS PATENTS BY ASSIGNEE, JANUARY

      2000 TO MAY 2010 84

PATENTS BY TECHNOLOGY 84

TABLE 40 WHOLE BODY SYSTEM PATENTS BY TECHNOLOGY, JANUARY

     2000 TO MARCH 2010 84

Chapter-9: EMERGING TECHNOLOGY AND APPLICATIONS

RESEARCH AND NONCLINICAL TECHNOLOGY 85

DIAGNOSTIC SYSTEMS 85

DYNAMIC CONTRAST-ENHANCED MRI (DCE-MRI) 86

WHOLE-BODY MRI 87

FUNCTIONAL MRI 87

LUNG MRI 87

NEUROLOGICAL APPLICATIONS 87

Perfusion-Weighted Imaging (PWI) 87

Diffusion-Weighted Imaging (DWI) 87

MR Spectroscopy 88

INTEROPERATIVE MRI TECHNOLOGIES 88

BREAST 88

CARDIAC 88

MRI OPERATING ROOM 88

Chapter-10: COMPANY DIRECTORY

MRI SYSTEMS 89

ANALOGIC CORPORATION 89

Business Overview 89

Financials 89

Products 90

AURORA IMAGING TECHNOLOGY, INC. 90

Business Overview 90

Financials 90

Products 90

BRUKER BIOSPIN CORP. 91

Business Overview 91

Financials 92

Products 92

ESAOTE SPA 93

Business Overview 93

Financials 93

Products/Services 93

FONAR CORPORATION 94

Business Overview 94

Financials 94

Products/Services 95

GE HEALTHCARE 95

U.S. Location 95

Business Overview 95

Financials 96

Products/Services 96

HITACHI MEDICAL SYSTEMS AMERICA, INC 97

Business Overview 97

Financial 97

Products/Services 97

HOLOGIC 98

Business Overview 98

Financials 98

Products 99

IMRIS INC. 99

Business Overview 99

Financials 99

Products/Services 100

INNERVISION MRI 100

Business Overview 100

Financials 101

Products 101

MEDINUS 101

Business Overview 102

Financials 102

Products/Services 102

MEDTRONIC 102

Business Overview 102

Financials 103

Products/Services 103

MILLENNIUM TECHNOLOGY, INC 104

Business Overview 104

Financials 104

Products 104

ODIN MEDICAL TECHNOLOGIES (SEE MEDTRONIC) 104

PARAMED MEDICAL SYSTEMS 104

Business Overview 105

Financials 105

Products 105

PHILLIPS HEALTHCARE 105

Business Overview 105

Financials 106

Products/Services 106

SIEMENS MEDICAL SOLUTIONS USA, INC. 107

Business Overview 107

Financials 107

Products/Services 107

TIME MEDICAL 108

Business Overview 108

Financials 109

Products 109

TOSHIBA AMERICA MEDICAL SYSTEMS, INC. 109

Business Overview 109

Financials 110

Products/Services 110

USED MRI: REFURBISHED MRI SCANNERS AND SCANNER UPGRADES 111

ATLANTIS WORLDWIDE 111

BARRINGTON MEDICAL IMAGING, LLC 111

BLOCK IMAGING INTERNATIONAL 111

GENESIS MEDICAL IMAGING 111

ICS MEDICAL SVC 112

INTEGRITY MEDICAL SYSTEMS, INC 112

JDI SOLUTIONS 112

MAGNASERV 112

MEDICAL IMAGING GROUP 113

MONARCH MEDICAL 113

SMIT MOBILE EQUIPMENT B.V. 113

SUNRISE MEDICAL TECHNOLOGY, INC. 113

SOUND IMAGING 114

TOTAL IMAGING CONCEPTS, INC. (TICI) 114

ZETTA MEDICAL TECHNOLOGIES, LLC 114

RF TRANSMITTERS 114

ANALOGIC 114

COIL MANUFACTURERS 115

CAROLINA MEDICAL PARTS 115

DOTY SCIENTIFIC, INC. 115

INVIVO CORP. 115

LMT MEDICAL SYSTEMS GMBH 115

M2M IMAGING CORP. 116

MACHNET BV 116

MAGMEDIX, INC. 116

MEDRAD, INC. 116

MR INSTRUMENTS, INC 117

NORAS MRI PRODUCTS GMBH 117

PULSETEQ LTD. 117

RAPID BIOMEDICAL GMBH 117

RESONATE RESEARCH, INC. 118

SCANMED 118

TESLA ENGINEERING, LTD 118

TORQUAY INSTRUMENTS. LTD 118

XLR IMAGING 119

MRI CONSUMABLES (CONTRAST AGENTS, IMAGING FILM) 119

BRACCO IMAGING SPA 119

FERRANIA SPA 119

LANTHEUS MEDICAL IMAGING 120

BAYER SCHERING PHARMA 120

METPLAS 120

T2 BIOSYSTEMS, INC 120

LIQUID HELIUM AND NITROGEN 121

AIR LIQUIDE U.S.A 121

MATHESON TRI-GAS, INC 121

PRAXAIR 121

MAGNETS 121

AMERICAN MAGNETICS, INC 121

ASTER ENTERPRISES 122

OXFORD INSTRUMENTS, INC. 122

Chapter-11: GLOSSARY

To order this report:

Medical Imaging Industry: Medical Magnetic Resonance Imaging (MRI): Technologies and Global Markets

More  Market Research Report

Check our  Company Profile, SWOT and Revenue Analysis!

Nicolas Bombourg
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