Abstract
Research Overview
This Frost & Sullivan research service entitled U.S. MRI Scanners and Coils
Markets provides an overview of the entire MRI scanners and coils markets in
the U.S., with extensive discussions on the market drivers, restraints,
challenges, strategic recommendations and end-user adoption analysis for both
the scanners and coils markets. In this research, Frost & Sullivan's expert
analysts thoroughly examine the following markets/applications/technologies:
Low Field Strength Scanners (less than or equal to 1T), High Field Strength
Scanners (1.5T), Ultra High Field Strength Scanners (3T), third-party coil
manufacturers, tiers of end-users (hospitals, imaging centers etc) and
utilization rate and procedural volume analysis.
This analysis is available through our Medical Imaging Growth Partnership
Services program. With this program, clients receive industry-leading market
research such as this, along with technical and econometric data and many
interactive features including Analyst Inquiry Time and Client Councils. For
more information on this custom subscription service, please contact your
account executive.
Market Sectors
- ・MRI Scanners
- ・MRI Coils
- ・End-user groups
- ・Procedural Volume
- ・Competitive Structure
Technologies
- ・Low Field Scanners
- ・High Field Scanners
- ・Ultra High Field Scanners
- ・Volume Coils
- ・Surface Coils
Market Overview
The U.S. MRI scanners and coils markets are generating more excitement in 2005
than in any year previously. The range of clinical applications that can be
performed on an MRI scanner is nothing short of astounding: from traditional
head and extremity scans to angiography studies to visualize blood vessels in
the brain and heart to identifying cancerous tissue in the breast or prostate
without the need for invasive procedures. Although a mature technology since
its introduction in 1980, MRI has developed significant clinical diagnostic
capabilities that have only recently been demonstrated.
In the MRI scanners market, systems are segmented according to field strength
of the magnet. Low field scanners include all systems under 1 Tesla (1T) in
field strength, with the most common scanners ranging from 0.3 -- 0.6T. High
field scanners are only 1.5T systems that dominate the market in terms of
demand and unit shipments. Ultra high-field systems include 3T systems that
are growing in increasing numbers each year. MRI scanners for research use are
also available in 7-9T field strengths, but will not be discussed here since
these scanners are not commonly used for diagnostic purposes. For the base
year 2005, total market revenues for MRI scanners market was $1.40 billion.
The price ranges for MRI scanners $500,000 to $2 million, depending on
magnetic field strength and diagnostic capabilities.
The MRI coils market entails third-party coil manufacturers that supply coils
to leading original equipment manufacturers (OEMs), which account for 60 to 70
percent of revenues for coil manufacturers. OEMs also produce their own coils
in-house as well as after-market participants that buy coils directly from
third-party coil manufacturers. Technological improvements in both volume and
surface coils now enable imaging of both soft tissue and lesions at greater
image resolution than ever before. For the base year 2005, revenues generated
by coil sales to OEMs were $118.2 million, with prices of coils ranging from
$10,000 to $60,000. The coils market has also witnessed consolidation of
players through mergers and acquisitions: (1) GE Healthcare acquired leading
player USA Instruments in 2002 and (2) MRI Devices and IGC Medical Advances
have combined to form Invivo. The majority of coil manufacturers concentrate
their product offerings for the dominant 1.5T systems and the fast-growing 3T
markets.
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