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U.S. Magnetic Resonance Imaging (MRI) Markets

DateOct, 2001
Pages0
Price / format€3353 / Hard Copy
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Abstract:

New High-Field Product Refinements Spur Market Growth

The patient's experience with MRI procedures has been in need of
improvement for some time. Many individuals report anxiety and claustrophobia
as they become surrounded by a closed MRI tunnel. Manufacturers have

responded by introducing new designs which allow clinicians greater access to
the patient and reduce the subject's anxiety. Although open low- and mid-field
systems have been well received in the marketplace, the introduction of open
high-field equipment will spark new growth.

This Frost & Sullivan research examines markets for MRI systems according to
field strength (low-, mid-, and high-field) and system design (closed, and open
magnet). It tracks technology trends and assesses their impact on the
industry. By highlighting drivers and restraints and presenting expert revenue
forecasts, this study gives users a privileged view of this promising field.

Expansion of MRI Usage Presents New Opportunities

Diagnostic imaging devices are no longer the exclusive province of
radiologists, says the study's author. Many procedures, such as cardiac
catheterization, obstetric ultrasound, and echocardiography, are being
performed by other medical specialists.

The expansion of MRI applications to new fields should spur demand for these
systems. Participants capitalizing on this trend need to remain aware of

possibly alienating radiologists Manufacturers must develop innovative

strategies to sell their products in new markets without losing the goodwill of
their existing customers, says the author. This study examines changes in the

healthcare practice and recommends effective strategies to help your firm
overcome obstacles and optimize revenues.

Increased Number of Free-Standing Imaging Facilities Bolsters Customer Base

The transition from conventional hospital-based imaging to free-standing

imaging facilities will broaden the potential customer base for MRI systems
and provide additional opportunities for market penetration, says the author.
The progression of point-of-care MRI technology into physicians' offices will
create new environments for manufacturers to sell their products.

The introduction of these systems into new settings will be welcome
developments for aging baby boomers, who will trigger a rise in healthcare
referrals for additional diagnostic tests. This study, which monitors demand
and unit shipment trends, will give your company key insights into this rapidly
emerging industry.

Additional Information

Market Participants

Esaote Group
FONAR Corp.
GE Medical Systems/General Electric Corp.
Hitachi Medical Corp.
IMRIS, Inc.

MagneVu
Marconi Medical Systems, Inc.
Odin Medical Technologies, Inc.
ONI, Inc.

Philips Medical Systems

Siemens AG

Toshiba Medical Systems
WebMRI.com, LLC










Table of contents:
 1. Executive Summary
A. Executive Summary

2.Total U.S. MRI Market
A. Market Overview

1. Introduction

2. Market Engineering Analysis

3. Market and Technology Trends

4. End User Trends

5. Total Revenue Forecast

6. Revenue Breakdown by High-Mid-Low Segmentation

7. Revenue Breakdown by Open-Closed Segmentation

8. Competitive Analysis

9. Product Analysis

10. Installed Base Analysis

11. Procedural and Utilization Analysis

12. Research Methodology
B. Industry Challenges

1. Impact of Industry Challenges

2. Conquering New Markets While Preserving Existing Ones Threatens Brand Loyalty

3. Advantages of Competing Imaging Technologies Threaten MRI Utilization

4. Declining Return-on-Investment for End-Users Threatens Revenues for Manufacturers

5. Market Puts Pressure on Manufacturers to Bring High-Field Open MRI Products to Market Faster

6. Lack of ACR Accreditation Limits Reimbursements from Some Insurers
C. Strategic Recommendations

1. Strategies Overview

2. Differentiate MRI Products to Increase Market Penetration

3. Accelerate Development and Introduction of Competing Open High-field MRI Systems

4. Develop MRI Applications for the Emergency Room to Increase Market Penetration

5. Advocate for Reimbursement of a Wider Range of MRI Applications

6. Develop Comfortable and Economical MRI Systems
D. Frost & Sullivan Market Engineering Awards

1. Product Differentiation Innovation Award

2. Market Engineering Leadership Award

3. Market Penetration Award

4. Technology Innovation Award

5. Product Innovation Award

6. Technology Leadership Award

3.The U.S. High, Mid, and Low-Field MRI Equipment Markets
A. High-Field MRI Equipment

1. Market Overview

2. Market and Technology Trends

3. Market Drivers

4. Market Restraints

5. Revenue Forecast

6. Unit Shipments and Demand Analysis

7. Pricing Trends

8. Competitive Analysis
B. Mid-Field MRI Equipment

1. Market Overview

2. Market and Technology Trends

3. Market Drivers

4. Market Restraints

5. Revenue Forecast

6. Unit Shipments and Demand Analysis

7. Pricing Trends

8. Competitive Analysis
C. Low-Field MRI Equipment

1. Market Overview

2. Market and Technology Trends

3. Market Drivers

4. Market Restraints

5. Revenue Forecast

6. Unit Shipments and Demand Analysis

7. Pricing Trends

8. Competitive Analysis

4.The U.S. Open and Closed MRI Equipment Markets
A. Open MRI Equipment

1. Market Overview

2. Market and Technology Trends

3. Market Drivers

4. Market Restraints

5. Revenue Forecast

6. Unit Shipments and Demand Analysis

7. Pricing Trends

8. Competitive Analysis
B. Closed MRI Equipment

1. Market Overview

2. Market and Technology Trends

3. Market Drivers

4. Market Restraints

5. Revenue Forecast

6. Unit Shipments and Demand Analysis

7. Pricing Trends

8. Competitive Analysis

List Of Figures

Chapter 2

Total MRI Equipment Market: Revenue Forecasts (U.S.), 1997-2007
Total MRI Equipment Market: Revenue Forecasts by Field Strength (U.S.), 1997-2007
Total MRI Equipment Market: Percent of Revenues by Field Strength (U.S.), 1997-2007
Total MRI Equipment Market: Revenue Forecasts by Magnet Openness (U.S.), 1997-2007
Total MRI Equipment Market: Percent of Revenues by Magnet Openness (U.S.), 1997-2007
Total MRI Equipment Market: Competitive Structure (U.S.), 2000
Total MRI Equipment Market: Market Share Trends (U.S.), 1998-2000
Total MRI Equipment Market: Products Offered by Major Market Participants (U.S.), 2000
Total MRI Equipment Market: Products Offered by Major Market Participants—Continued (U.S.), 2000
Total MRI Equipment Market: Database of Key Industry Participants by Product Type (U.S.), 2000
Total MRI Equipment Market: Installed Base (U.S.), 1997-2007
Total MRI Equipment Market: Installed Base by Field Strength (U.S.), 1997-2000
Total MRI Equipment Market: Installed Base by Magnet Openness (U.S.), 1997-2000
Total MRI Equipment Market: Procedure Volume (U.S.), 1997-2000
Total MRI Equipment Market: Average Yearly Utilization Rate per Unit (U.S.), 1997-2000
Total MRI Equipment Market: Major Industry Challenges Ranked by Impact (U.S.), 2001-2007
Total MRI Equipment Market: Strategies Addressing Market Challenges by Tier (U.S.), 2001-2007

Chapter 3

High-Field MRI Equipment Market: Market Drivers Ranked by Impact (U.S.), 2001-2007
High-Field MRI Equipment Market: Market Restraints Ranked by Impact (U.S.), 2001-2007
High-Field MRI Equipment Market: Revenue Forecasts (U.S.), 1997-2007
High-Field MRI Equipment Market: Unit Shipment Forecasts (U.S.), 1997-2007
High-Field MRI Equipment Market: Weighted Average Selling Price per Unit (U.S.), 1997-2007
High-Field MRI Equipment Market: Competitive Structure (U.S.), 2000
High-Field MRI Equipment Market: Market Share Analysis (U.S.), 1999-2000
Mid-Field MRI Equipment Market: Market Drivers Ranked by Impact (U.S.), 2001-2007
Mid-Field MRI Equipment Market: Market Restraints Ranked by Impact (U.S.), 2001-2007
Mid-Field MRI Equipment Market: Revenue Forecasts (U.S.), 1997-2007
Mid-Field MRI Equipment Market: Unit Shipment Forecasts (U.S.), 1997-2007
Mid-Field MRI Equipment Market: Weighted Average Selling Price per Unit (U.S.), 1997-2007
Mid-Field MRI Equipment Market: Competitive Structure (U.S.), 2000
Mid-Field MRI Equipment Market: Market Share Analysis (U.S.), 1999-2000
Low-Field MRI Equipment Market: Market Drivers Ranked by Impact (U.S.), 2001-2007
Low-Field MRI Equipment Market: Market Restraints Ranked by Impact (U.S.), 2001-2007
Low-Field MRI Equipment Market: Revenue Forecasts (U.S.), 1997-2007
Low-Field MRI Equipment Market: Unit Shipment Forecasts (U.S.), 1997-2007
Low-Field MRI Equipment Market: Weighted Average Selling Price per Unit (U.S.), 1997-2007
Low-Field MRI Equipment Market: Competitive Structure (U.S.), 2000
Low-Field MRI Equipment Market: Market Share Analysis (U.S.), 1999-2000

Chapter 4

Open MRI Equipment Market: Market Drivers Ranked by Impact (U.S.), 2001-2007
Open MRI Equipment Market: Market Restraints Ranked by Impact (U.S.), 2001-2007
Open MRI Equipment Market: Revenue Forecasts (U.S.), 1997-2007
Open MRI Equipment Market: Revenue Forecasts by Field Strength (U.S.), 1997-2007
Open MRI Equipment Market: Percent of Revenues by Field Strength (U.S.), 1997-2007
Open MRI Equipment Market: Unit Shipment Forecasts (U.S.), 1997-2007
Open MRI Equipment Market: Unit Shipment Forecasts by Field Strength (U.S.), 1997-2007
Open MRI Equipment Market: Percent of Unit Shipments by Field Strength (U.S.), 1997-2007
Open MRI Equipment Market: Weighted Average Selling Price per Unit (U.S.), 1997-2007
Open MRI Equipment Market: Weighted Average Price by Field Strength (U.S.), 1997-2007
Open MRI Equipment Market: Competitive Structure (U.S.), 2000
Open MRI Equipment Market: Market Share Analysis (U.S.), 1999-2000
Closed MRI Equipment Market: Market Drivers Ranked by Impact (U.S.), 2001-2007
Closed MRI Equipment Market: Market Restraints Ranked by Impact (U.S.), 2001-2007
Closed MRI Equipment Market: Revenue Forecasts (U.S.), 1997-2007
Closed MRI Equipment Market: Unit Shipment Forecasts (U.S.), 1997-2007
Closed MRI Equipment Market: Weighted Average Selling Price per Unit (U.S.), 1997-2007
Closed MRI Equipment Market: Competitive Structure (U.S.), 2000
Closed MRI Equipment Market: Market Share Analysis (U.S.), 1999-2000




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