MRI Compatible Patient Monitoring Systems Market Analysis and Forecast to 2020

Global MRI Compatible Patient Monitoring Systems Market
Analysis, Development, Growth and Demand Forecast to 2020
MRI Compatible Patient Monitoring Systems Market is Expected to Witness the
Fastest Growth in Asia-Pacific, During 2015 – 2020
The global MRI compatible patient monitoring systems market is growing, due to increasing
installation of MRI devices. The increase in geriatric population worldwide is resulting in the growth
of the global MRI compatible patient monitoring systems market, as the geriatric population is
more susceptible to diseases, sickness and syndromes, due to less regenerative abilities. According
to a United Nations Department of Economic and Social Affairs (UN-DESA) report on the global
aging population, the population of individuals aged 60 years or above is growing at a very high
rate. In addition, with the increase in chronic disease cases, accurate diagnosis is needed for the
prevention and treatment of such diseases; thus leading to increased usage of MRI scans for the
diagnosis of chronic diseases. Moreover, the increase in prevalence of chronic diseases is likely to
increase the demand for monitoring during scan, which is leading to increased demand for MRI
compatible patient monitoring systems.
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The information and data in the publication “Global MRI Compatible Patient Monitoring
Systems Market Size, Share, Development, Growth and Demand Forecast to 2020”
represent the research and analysis of data from various primary and secondary sources. The topbottom approach has been used to calculate the global MRI compatible patient monitoring systems
market. P&S Market Research analysts and consultants interact with leading companies of the
concerned domain to substantiate every value of data presented in this report. The company bases
its primary research on discussions with prominent professionals and analysts in the industry,
which is followed by informed and detailed, online and offline research.
MRI scanners use strong magnetic fields and radio waves, in order to produce images of body
structure for the diagnosis of various medical conditions. Any loose metal device in an MRI
environment may get pulled towards the magnet, and could cause serious injury or damage.
Hence, different countries have their respective regulatory agencies for the approval of MRI
compatible devices.
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MRI Compatible Patient Monitoring Systems Market is Expected to Witness the
Fastest Growth in Asia-Pacific, During 2015 – 2020
However, certain restraints including strict regulatory requirements for the approval of MRI
compatible patient monitoring systems, and high cost of MRI compatible patient monitoring
systems are hindering the growth of the global MRI compatible patient monitoring market. The
increasing awareness about MRI compatible patient monitoring systems in developing countries,
such as China and India, are laying opportunities for the growth of the global MRI compatible
patient monitoring systems market. North America dominates the global MRI compatible patient
monitoring systems market, due to the presence of developed healthcare infrastructure, high
healthcare spending and increasing prevalence of chronic diseases. According to the Organization
for Economic Co-operation and Development (OECD), in 2001, the number of MRI units per 1
million inhabitants in Canada and the U.S. were 4.19 and 20.11 respectively, which increased to
8.83 and 35.49 respectively, in 2013.
Europe is witnessing growth in MRI compatible patient monitoring systems market, which is
attributed to increasing geriatric population, high incidences of chronic diseases and growing
awareness among healthcare providers for the usage of MRI compatible patient monitoring
systems. According to the European Society of Cardiology, a non-profit health association, each
year four million people die in Europe due to cardiovascular diseases, which is responsible for 47%
death toll in the region.
Similarly, the Asia-Pacific MRI compatible patient monitoring systems market is expected to grow
at the fastest rate during the period 2015 – 2020. According to the OECD, in 2002, the number of
MRI units per million inhabitants in Japan was 35.32, which increased to 46.87 in 2011.
The key companies operating in the global MRI compatible patient monitoring systems market
include Schiller AG, Bayer AG, MIPM – Mammendorfer Institut für Physik und Medizin GmbH,
General Electric Company, IRadimed Corporation, and Koninklijke Philips N.V.
MRI COMPATIBLE PATIENT MONITORING SYSTEMS MARKET SEGMENTATION
Global MRI compatible patient monitoring systems market breakdown by geography

North America

Europe

Asia-Pacific

Rest of the World (RoW)
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MRI Compatible Patient Monitoring Systems Market is Expected to Witness the
Fastest Growth in Asia-Pacific, During 2015 – 2020
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Chapter 1. Research Scope and Methodology
1.1 Market Definition
1.2 Market Scope
1.2.1 Global MRI compatible patient monitoring systems market breakdown by
geography
1.3 Research Methodology and Sources
Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary
Chapter 3. Market Outlook
3.1 Introduction
3.2 Opportunities in the Market
3.2.1 Emerging markets offer opportunities for MRI compatible patient monitoring
systems manufacturers
3.3 Factors Driving the Market and its Impact on Market Forecast
3.3.1 Factor 1
3.3.2 Factor 2
3.3.3 Factor 3
3.3.4 Impact analysis of drivers on market forecast
3.4 Factors Hindering the Market and its Impact on Market Forecast
3.4.1 Factor 1
3.4.2 Factor 2
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MRI Compatible Patient Monitoring Systems Market is Expected to Witness the
Fastest Growth in Asia-Pacific, During 2015 – 2020
3.4.3 Impact analysis of restraints on market forecast
Chapter 4. Global MRI Compatible Patient Monitoring Systems Market Size and Forecast
(2011 – 2020)
4.1 North America MRI Compatible Patient Monitoring Systems Market
4.2 Europe MRI Compatible Patient Monitoring Systems Market
4.3 Asia-Pacific MRI Compatible Patient Monitoring Systems Market
4.4 Rest of the World (RoW) MRI Compatible Patient Monitoring Systems Market
Chapter 5. Competitive Positioning and Market Share Analysis
5.1 Porter’s Five Forces of Competitive Position Analysis
5.1.1 Bargaining power of buyers
5.1.2 Bargaining power of suppliers
5.1.3 Threat of new entrants
5.1.4 Intensity of rivalry
5.1.5 Threat of substitutes
5.2 Competitive Positioning of Major Players
Chapter 6. Company Profiles and Strategic Developments
6.1 Key Company Profiles
6.1.1 Company 1
6.1.1.1 Business overview
6.1.1.2 Product and service offerings
6.1.2 Company 2
6.1.2.1 Business overview
6.1.2.2 Product and service offerings
6.1.3 Company 3
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MRI Compatible Patient Monitoring Systems Market is Expected to Witness the
Fastest Growth in Asia-Pacific, During 2015 – 2020
6.1.3.1 Business overview
6.1.3.2 Product and service offerings
6.1.4 Company 4
6.1.4.1 Business overview
6.1.4.2 Product and service offerings
6.1.5 Company 5
6.1.5.1 Business overview
6.1.5.2 Product and service offerings
6.1.6 Company 6
6.1.6.1 Business overview
6.1.6.2 Product and service offerings
6.2 Strategic Developments in the MRI Compatible Patient Monitoring Systems Market
6.2.1 Mergers & acquisitions
6.2.2 Collaborations and partnerships
6.2.3 Product approval/launch
Chapter 7. Appendix
7.1 List of Abbreviations
LIST OF TABLES
TABLE 1 SPECIFIC PRIMARY AND SECONDARY SOURCES USED FOR THIS PUBLICATION
TABLE 2 GLOBAL MRI COMPATIBLE PATIENT MONITORING SYSTEMS MARKET SNAPSHOT (2014,
2015 AND 2020)
TABLE 3 NUMBER OF WORLDWIDE DEATHS DUE TO VARIOUS DISEASES
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MRI Compatible Patient Monitoring Systems Market is Expected to Witness the
Fastest Growth in Asia-Pacific, During 2015 – 2020
TABLE 4 NUMBER OF MRI UNITS IN HOSPITAL AND AMBULATORY CARE PER MILLION
INHABITANTS
TABLE 5 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 6 SOME OF THE INTERNATIONAL STANDARDS FOR MRI COMPATIBLE PATIENT MONITORING
SYSEMS
TABLE 7 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 8 GLOBAL MRI COMPATIBLE PATIENT MONITORING SYSTEMS MARKET BREAKDOWN BY
REGION, $000’S (2011 – 2014)
TABLE 9 GLOBAL MRI COMPATIBLE PATIENT MONITORING SYSTEMS MARKET BREAKDOWN BY
REGION, $000’S (2015 – 2020)
TABLE 10 COMPANY 1. – KEY FACTS
TABLE 11 MAJOR PRODUCT OFFERINGS OF MRI COMPATIBLE PATIENT MONITORING DEVICES BY
KONINKLIJKE PHILIPS N.V.
TABLE 12 COMPANY 2 – KEY FACTS
TABLE 13 MAJOR PRODUCT OFFERINGS OF MRI COMPATIBLE PATIENT MONITORING DEVICES BY
SCHILLER AG
TABLE 14 COMPANY 3.– KEY FACTS
TABLE 15 MAJOR PRODUCT OFFERINGS OF MRI COMPATIBLE PATIENT MONITORING DEVICES BY
MIPM GMBH
TABLE 16 COMPANY 4 – KEY FACTS
TABLE 17 COMPANY 5 – KEY FACTS
TABLE 18 COMPANY 6 – KEY FACTS
LIST OF FIGURES
FIG 1 RESEARCH METHODOLOGY FOR GLOBAL MRI COMPATIBLE PATIENT MONITORING SYSTEMS
MARKET
FIG 2 GLOBAL MRI COMPATIBLE PATIENT MONITORING SYSTEMS MARKET, BY GEOGRAPHY
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MRI Compatible Patient Monitoring Systems Market is Expected to Witness the
Fastest Growth in Asia-Pacific, During 2015 – 2020
FIG 3 SOME OF THE USES OF MAGNETIC RESONANCE IMAGING (MRI)
FIG 4 MULTI-PARAMETER PATIENT MONITORING DEVICES
FIG 5 AGING POPULATION AS PERCENTAGE OF TOTAL POPULATION, IN % (2000 – 2050)
FIG 6 DEATHS CAUSED BY CANCER (2012)
FIG 7 GLOBAL MRI COMPATIBLE PATIENT MONITORING SYSTEMS MARKET SIZE BY REGION,
$000’S (2011-2020)
FIG 8 GLOBAL MRI COMPATIBLE PATIENT MONITORING SYSTEMS MARKET SHARE, BY REGION
(2014)
FIG 9 NORTH AMERICA MRI COMPATIBLE PATIENT MONITORING SYSTEMS MARKET SIZE, $000’S
(2011-2020)
FIG 10 NUMBER OF MRI UNITS, PER MILLION INHABITANTS (2002 AND 2012)
FIG 11 NUMBER OF MRI EXAMS, PER THOUSAND INHABITANTS (2010 AND 2013)
FIG 12 EUROPE MRI COMPATIBLE PATIENT MONITORING SYSTEMS MARKET SIZE, $000’S (20112020)
FIG 13 ASIA-PACIFIC MRI COMPATIBLE PATIENT MONITORING SYSTEMS MARKET SIZE, $000’S
(2011-2020)
FIG 14 REST OF THE WORLD MRI COMPATIBLE PATIENT MONITORING SYSTEMS MARKET SIZE,
$000’S (2011-2020)
FIG 15 PORTER’S FIVE FORCES OF COMPETITIVE POSITION ANALYSIS
FIG 16 EVENT IMPACT ANALYSIS OF MAJOR PLAYERS
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MRI Compatible Patient Monitoring Systems Market is Expected to Witness the
Fastest Growth in Asia-Pacific, During 2015 – 2020
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