ASIA-PACIFIC MRI SYSTEMS MARKET FORECAST 2017-2025
KEY FINDINGS
The Asia Pacific MRI market is the fastest growing market. It was valued at $1351.48 million in 2016 and is expected to reach $2175.28 million by the end of 2025 growing at a CAGR of 5.52% during the forecast period of 2017-2025.
MARKET INSIGHTS
India is the fastest growing market for MRI systems closely followed by Japan and South Korea. The rising manufacturing outsourcing in this region and the growing cardiac or brain related diseases are driving the market growth for this region. The market is segmented on the basis of field strength (low, mid, high, very high and ultra-high field MRI system); on the basis of architecture ( open/ close MRI systems); on the basis of application (for whole-body, interventional, brain & neurological disorders, breast, cardiac, other); and on the basis of technology (MR angiogram, MR venogram, functional MRI, NMR spectroscopy, etc)
COMPETITIVE INSIGHTS
The prominent companies in the market are:
The Asia Pacific MRI market is the fastest growing market. It was valued at $1351.48 million in 2016 and is expected to reach $2175.28 million by the end of 2025 growing at a CAGR of 5.52% during the forecast period of 2017-2025.
MARKET INSIGHTS
India is the fastest growing market for MRI systems closely followed by Japan and South Korea. The rising manufacturing outsourcing in this region and the growing cardiac or brain related diseases are driving the market growth for this region. The market is segmented on the basis of field strength (low, mid, high, very high and ultra-high field MRI system); on the basis of architecture ( open/ close MRI systems); on the basis of application (for whole-body, interventional, brain & neurological disorders, breast, cardiac, other); and on the basis of technology (MR angiogram, MR venogram, functional MRI, NMR spectroscopy, etc)
COMPETITIVE INSIGHTS
The prominent companies in the market are:
- Hitachi Medical Systems (Subsidiary of Hitachi Ltd.)
- Philips Healthcare.
- Nordion
- Millenium Technology Inc.
- Siemens Healthcare
- Shimadzu Corp
- Toshiba Medical Systems Corporation
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
4. MARKET DETERMINANTS
4.1. MARKET DRIVERS
4.1.1. INCREASING GERIATRIC POPULATION GLOBALLY
4.1.2. TECHNOLOGICAL ADVANCEMENTS
4.1.3. INCREASING AWARENESS AMONG CONSUMERS
4.1.4. INCREASING PREVALENCE OF CHRONIC DISEASES
4.1.5. RISING INCIDENCES OF ACCIDENTS AND INJURIES
4.2. MARKET RESTRAINTS
4.2.1. HIGH PRICING OF MRI SYSTEMS
4.2.2. DEPLETING HELIUM GAS SOURCES
4.3. MARKET OPPORTUNITIES
4.3.1. INCREASING DEMAND FROM EMERGING ECONOMIES
4.3.2. INCREASING HEALTHCARE EXPENDITURE
4.3.3. GROWING DEMAND MINIMALLY-INVASIVE PROCEDURES
4.4. MARKET RESTRAINTS
4.4.1. REGULATORY ISSUES
4.4.2. LACK OF SKILLED PROFESSIONALS
4.4.3. REDUCING REIMBURSEMENT RATES
5. MARKET SEGMENTATION
5.1. BY ARCHITECTURE
5.1.1. OPEN MRI SYSTEMS
5.1.2. CLOSED MRI SYSTEMS
5.2. BY FIELD STRENGTH
5.2.1. LOW-TO-MID FIELD MRI SYSTEMS
5.2.2. HIGH FIELD MRI SYSTEMS
5.2.3. VERY HIGH-FIELD MRI SYSTEMS
5.2.4. ULTRA-HIGH FIELD MRI SYSTEMS
5.3. BY TECHNOLOGY
5.3.1. MR ANGIOGRAM
5.3.2. MR VENOGRAM
5.3.3. FUNCTIONAL MRI
5.3.4. NMR SPECTROSCOPY
5.3.5. OTHER TECHNOLOGIES
5.4. BY APPLICATION
5.4.1. WHOLE-BODY MRI
5.4.2. INTERVENTIONAL MRI
5.4.3. MRI FOR BRAIN & NEUROLOGICAL DISORDERS
5.4.4. BREAST MRI
5.4.5. CARDIAC MRI
5.4.6. OTHER MRI
6. KEY ANALYTICS
6.1. PORTER’S ANALYSIS
6.2. OPPORTUNITY MATRIX
7. GEOGRAPHICAL ANALYSIS
7.1. ASIA PACIFIC
7.1.1. CHINA
7.1.2. INDIA
7.1.3. JAPAN
7.1.4. SOUTH KOREA
7.1.5. REST OF ASIA PACIFIC
8. COMPETITIVE LANDSCAPE
8.1. MARKET SHARE ANALYSIS
8.2. COMPANY PROFILES
8.2.1. ADVANCED IMAGING RESEARCH INC
8.2.2. ANALOGIC CORP.
8.2.3. AURORA IMAGING TECHNOLOGY, INC.
8.2.4. BRUKER CORPORATION
8.2.5. CARESTREAM HEALTH
8.2.6. ESAOTE SPA
8.2.7. FONAR CORPORATION
8.2.8. FUJIFILM HOLDINGS
8.2.9. GE HEALTHCARE
8.2.10. HITACHI MEDICAL SYSTEMS (SUBSIDIARY OF HITACHI LTD.)
8.2.11. HOLOGIC
8.2.12. IMRIS
8.2.13. INNERVISION MRI LTD.
8.2.14. MEDONICA CO. LTD
8.2.15. MILLENIUM TECHNOLOGY INC.
8.2.16. MR INSTRUMENTS INC.
8.2.17. NEUSOFT MEDICAL SYSTEMS CO., LTD.
8.2.18. NORDION
8.2.19. PARAMED MEDICAL SYSTEMS
8.2.20. PHILIPS HEALTHCARE
8.2.21. SANRAD MEDICAL SYSTEMS PVT. LTD.
8.2.22. SHIMADZU CORP
8.2.23. SIEMENS HEALTHCARE
8.2.24. TIME MEDICAL SYSTEMS INC
8.2.25. TOSHIBA MEDICAL SYSTEMS CORPORATION
1.1. STUDY GOALS
1.2. SCOPE OF MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM UP APPROACH
2.4. DATA TRIANGULATION
3. EXECUTIVE SUMMARY
4. MARKET DETERMINANTS
4.1. MARKET DRIVERS
4.1.1. INCREASING GERIATRIC POPULATION GLOBALLY
4.1.2. TECHNOLOGICAL ADVANCEMENTS
4.1.3. INCREASING AWARENESS AMONG CONSUMERS
4.1.4. INCREASING PREVALENCE OF CHRONIC DISEASES
4.1.5. RISING INCIDENCES OF ACCIDENTS AND INJURIES
4.2. MARKET RESTRAINTS
4.2.1. HIGH PRICING OF MRI SYSTEMS
4.2.2. DEPLETING HELIUM GAS SOURCES
4.3. MARKET OPPORTUNITIES
4.3.1. INCREASING DEMAND FROM EMERGING ECONOMIES
4.3.2. INCREASING HEALTHCARE EXPENDITURE
4.3.3. GROWING DEMAND MINIMALLY-INVASIVE PROCEDURES
4.4. MARKET RESTRAINTS
4.4.1. REGULATORY ISSUES
4.4.2. LACK OF SKILLED PROFESSIONALS
4.4.3. REDUCING REIMBURSEMENT RATES
5. MARKET SEGMENTATION
5.1. BY ARCHITECTURE
5.1.1. OPEN MRI SYSTEMS
5.1.2. CLOSED MRI SYSTEMS
5.2. BY FIELD STRENGTH
5.2.1. LOW-TO-MID FIELD MRI SYSTEMS
5.2.2. HIGH FIELD MRI SYSTEMS
5.2.3. VERY HIGH-FIELD MRI SYSTEMS
5.2.4. ULTRA-HIGH FIELD MRI SYSTEMS
5.3. BY TECHNOLOGY
5.3.1. MR ANGIOGRAM
5.3.2. MR VENOGRAM
5.3.3. FUNCTIONAL MRI
5.3.4. NMR SPECTROSCOPY
5.3.5. OTHER TECHNOLOGIES
5.4. BY APPLICATION
5.4.1. WHOLE-BODY MRI
5.4.2. INTERVENTIONAL MRI
5.4.3. MRI FOR BRAIN & NEUROLOGICAL DISORDERS
5.4.4. BREAST MRI
5.4.5. CARDIAC MRI
5.4.6. OTHER MRI
6. KEY ANALYTICS
6.1. PORTER’S ANALYSIS
6.2. OPPORTUNITY MATRIX
7. GEOGRAPHICAL ANALYSIS
7.1. ASIA PACIFIC
7.1.1. CHINA
7.1.2. INDIA
7.1.3. JAPAN
7.1.4. SOUTH KOREA
7.1.5. REST OF ASIA PACIFIC
8. COMPETITIVE LANDSCAPE
8.1. MARKET SHARE ANALYSIS
8.2. COMPANY PROFILES
8.2.1. ADVANCED IMAGING RESEARCH INC
8.2.2. ANALOGIC CORP.
8.2.3. AURORA IMAGING TECHNOLOGY, INC.
8.2.4. BRUKER CORPORATION
8.2.5. CARESTREAM HEALTH
8.2.6. ESAOTE SPA
8.2.7. FONAR CORPORATION
8.2.8. FUJIFILM HOLDINGS
8.2.9. GE HEALTHCARE
8.2.10. HITACHI MEDICAL SYSTEMS (SUBSIDIARY OF HITACHI LTD.)
8.2.11. HOLOGIC
8.2.12. IMRIS
8.2.13. INNERVISION MRI LTD.
8.2.14. MEDONICA CO. LTD
8.2.15. MILLENIUM TECHNOLOGY INC.
8.2.16. MR INSTRUMENTS INC.
8.2.17. NEUSOFT MEDICAL SYSTEMS CO., LTD.
8.2.18. NORDION
8.2.19. PARAMED MEDICAL SYSTEMS
8.2.20. PHILIPS HEALTHCARE
8.2.21. SANRAD MEDICAL SYSTEMS PVT. LTD.
8.2.22. SHIMADZU CORP
8.2.23. SIEMENS HEALTHCARE
8.2.24. TIME MEDICAL SYSTEMS INC
8.2.25. TOSHIBA MEDICAL SYSTEMS CORPORATION
LIST OF TABLES
TABLE 1 ASIA PACIFIC MRI SYSTEMS MARKET BY GEOGRAPHY 2017-2025 ($ MILLION)
TABLE 2 ASIA PACIFIC MRI SYSTEMS MARKET BY ARCHITECTURE 2017-2025 ($ MILLION)
TABLE 3 ASIA PACIFIC MRI SYSTEMS MARKET BY FIELD STRENGTH 2017-2025 ($ MILLION)
TABLE 4 ASIA PACIFIC MRI SYSTEMS MARKET BY TECHNOLOGY 2017-2025 ($ MILLION)
TABLE 5 ASIA PACIFIC MRI SYSTEMS MARKET BY APPLICATIONS, 2017-2025 ($MILLION)
TABLE 6 OPPORTUNITY MATRIX FOR MRI SYSTEMS MATRIX
TABLE 7 ASIA PACIFIC MRI SYSTEMS MARKET BY GEOGRAPHY 2017-2025 ($ MILLION)
TABLE 1 ASIA PACIFIC MRI SYSTEMS MARKET BY GEOGRAPHY 2017-2025 ($ MILLION)
TABLE 2 ASIA PACIFIC MRI SYSTEMS MARKET BY ARCHITECTURE 2017-2025 ($ MILLION)
TABLE 3 ASIA PACIFIC MRI SYSTEMS MARKET BY FIELD STRENGTH 2017-2025 ($ MILLION)
TABLE 4 ASIA PACIFIC MRI SYSTEMS MARKET BY TECHNOLOGY 2017-2025 ($ MILLION)
TABLE 5 ASIA PACIFIC MRI SYSTEMS MARKET BY APPLICATIONS, 2017-2025 ($MILLION)
TABLE 6 OPPORTUNITY MATRIX FOR MRI SYSTEMS MATRIX
TABLE 7 ASIA PACIFIC MRI SYSTEMS MARKET BY GEOGRAPHY 2017-2025 ($ MILLION)
LIST OF FIGURES
FIGURE 1 PROJECTIONS FOR THE PROPORTION OF GLOBAL GERIATRIC (60+) POPULATION
FIGURE 2 THE POPULATION OF PEOPLE AGED 65 AND OVER WILL DOUBLE IN THE NEXT 25 YEARS (IN MILLIONS)
FIGURE 3 ASIA PACIFIC OPEN MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 4 ASIA PACIFIC CLOSED MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 5 ASIA PACIFIC LOW- TO MID-FIELD MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 6 ASIA PACIFIC HIGH-FIELD MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 7 ASIA PACIFIC HIGH-FIELD MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 8 ASIA PACIFIC ULTRA-HIGH FIELD MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 9 ASIA PACIFIC MR ANGIOGRAM SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 10 ASIA PACIFIC MR VENOGRAM MARKET 2017-2025 ($ MILLION)
FIGURE 11 ASIA PACIFIC FUNCTIONAL MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 12 ASIA PACIFIC NMR SPECTROSCOPY SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 13 ASIA PACIFIC OTHER MRI TECHNOLOGY SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 14 ASIA PACIFIC WHOLE-BODY MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 15 ASIA PACIFIC INTERVENTIONAL MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 16 ASIA PACIFIC BRAIN & NEUROLOGY MRI SYSTEMS MARKET BY GEOGRAPHY 2017-2025 ($MILLION)
FIGURE 17 ASIA PACIFIC BREAST MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 18 ASIA PACIFIC CARDIAC MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 19 PORTER’S FIVE FORCE MODEL IN MRI SYSTEMS MARKET
FIGURE 20 ASIA PACIFIC MRI SYSTEMS MARKET SHARE BY GEOGRAPHY 2016 & 2025
FIGURE 21 CHINA MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 22 INDIA MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 23 JAPAN MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 24 SOUTH KOREA MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 25 REST OF ASIA PACIFIC MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 26 MARKET SHARE OF KEY COMPANIES IN THE MRI TECHNOLOGIES MARKET, 2015 (%)
FIGURE 1 PROJECTIONS FOR THE PROPORTION OF GLOBAL GERIATRIC (60+) POPULATION
FIGURE 2 THE POPULATION OF PEOPLE AGED 65 AND OVER WILL DOUBLE IN THE NEXT 25 YEARS (IN MILLIONS)
FIGURE 3 ASIA PACIFIC OPEN MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 4 ASIA PACIFIC CLOSED MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 5 ASIA PACIFIC LOW- TO MID-FIELD MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 6 ASIA PACIFIC HIGH-FIELD MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 7 ASIA PACIFIC HIGH-FIELD MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 8 ASIA PACIFIC ULTRA-HIGH FIELD MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 9 ASIA PACIFIC MR ANGIOGRAM SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 10 ASIA PACIFIC MR VENOGRAM MARKET 2017-2025 ($ MILLION)
FIGURE 11 ASIA PACIFIC FUNCTIONAL MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 12 ASIA PACIFIC NMR SPECTROSCOPY SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 13 ASIA PACIFIC OTHER MRI TECHNOLOGY SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 14 ASIA PACIFIC WHOLE-BODY MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 15 ASIA PACIFIC INTERVENTIONAL MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 16 ASIA PACIFIC BRAIN & NEUROLOGY MRI SYSTEMS MARKET BY GEOGRAPHY 2017-2025 ($MILLION)
FIGURE 17 ASIA PACIFIC BREAST MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 18 ASIA PACIFIC CARDIAC MRI SYSTEMS MARKET 2017-2025 ($MILLION)
FIGURE 19 PORTER’S FIVE FORCE MODEL IN MRI SYSTEMS MARKET
FIGURE 20 ASIA PACIFIC MRI SYSTEMS MARKET SHARE BY GEOGRAPHY 2016 & 2025
FIGURE 21 CHINA MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 22 INDIA MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 23 JAPAN MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 24 SOUTH KOREA MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 25 REST OF ASIA PACIFIC MRI SYSTEMS MARKET 2017-2025 ($ MILLION)
FIGURE 26 MARKET SHARE OF KEY COMPANIES IN THE MRI TECHNOLOGIES MARKET, 2015 (%)
