|1 Table of Contents 3
|1.1 List of Tables 9
|1.2 List of Figures 16
2 Introduction 17
2.1 MRI Systems Overview 17
3 Products under Development 18
3.1 MRI Systems – Pipeline Products by Stage of Development 18
3.2 MRI Systems – Pipeline Products by Segment 19
3.3 MRI Systems – Pipeline Products by Territory 20
3.4 MRI Systems – Pipeline Products by Regulatory Path 21
3.5 MRI Systems – Pipeline Products by Estimated Approval Date 22
3.6 MRI Systems – Ongoing Clinical Trials 23
4 MRI Systems – Pipeline Products under Development by Companies 24
4.1 MRI Systems Companies – Pipeline Products by Stage of Development 24
4.2 MRI Systems – Pipeline Products by Stage of Development 27
5 MRI Systems Companies and Product Overview 31
5.1 Advanced Imaging Research Inc Company Overview 31
5.1.1 Advanced Imaging Research Inc Pipeline Products & Ongoing Clinical Trials Overview 31
5.2 Advanced MRI Technologies Company Overview 32
5.2.1 Advanced MRI Technologies Pipeline Products & Ongoing Clinical Trials Overview 32
5.3 AHS Cancer Control Alberta Company Overview 34
5.3.1 AHS Cancer Control Alberta Pipeline Products & Ongoing Clinical Trials Overview 34
5.4 Anatomyworks LLC Company Overview 35
5.4.1 Anatomyworks LLC Pipeline Products & Ongoing Clinical Trials Overview 35
5.5 ASG Superconductors SpA Company Overview 36
5.5.1 ASG Superconductors SpA Pipeline Products & Ongoing Clinical Trials Overview 36
5.6 Aspect Imaging Inc Company Overview 37
5.6.1 Aspect Imaging Inc Pipeline Products & Ongoing Clinical Trials Overview 37
5.7 Boston Children’s Hospital Company Overview 38
5.7.1 Boston Children’s Hospital Pipeline Products & Ongoing Clinical Trials Overview 38
5.8 Brigham and Women’s Hospital Company Overview 39
5.8.1 Brigham and Women’s Hospital Pipeline Products & Ongoing Clinical Trials Overview 39
5.9 C4 Imaging, LLC Company Overview 42
5.9.1 C4 Imaging, LLC Pipeline Products & Ongoing Clinical Trials Overview 42
5.10 Cincinnati Children’s Hospital Medical Center Company Overview 43
5.10.1 Cincinnati Children’s Hospital Medical Center Pipeline Products & Ongoing Clinical Trials Overview 43
5.11 Clear Cut Medical Ltd. Company Overview 44
5.11.1 Clear Cut Medical Ltd. Pipeline Products & Ongoing Clinical Trials Overview 44
5.12 Collagen Medical LLC Company Overview 61
5.12.1 Collagen Medical LLC Pipeline Products & Ongoing Clinical Trials Overview 61
5.13 DeepSpin GmbH Company Overview 62
5.13.1 DeepSpin GmbH Pipeline Products & Ongoing Clinical Trials Overview 62
5.14 Diagnosoft Inc Company Overview 63
5.14.1 Diagnosoft Inc Pipeline Products & Ongoing Clinical Trials Overview 63
5.15 Duke University Company Overview 64
5.15.1 Duke University Pipeline Products & Ongoing Clinical Trials Overview 64
5.16 Focal Healthcare Inc Company Overview 66
5.16.1 Focal Healthcare Inc Pipeline Products & Ongoing Clinical Trials Overview 66
5.17 GE Global Research Company Overview 67
5.17.1 GE Global Research Pipeline Products & Ongoing Clinical Trials Overview 67
5.18 GE Healthcare Company Overview 69
5.18.1 GE Healthcare Pipeline Products & Ongoing Clinical Trials Overview 69
5.19 General Electric Global Research Center Company Overview 72
5.19.1 General Electric Global Research Center Pipeline Products & Ongoing Clinical Trials Overview 72
5.20 Georgetown University Company Overview 73
5.20.1 Georgetown University Pipeline Products & Ongoing Clinical Trials Overview 73
5.21 Harvard University Company Overview 74
5.21.1 Harvard University Pipeline Products & Ongoing Clinical Trials Overview 74
5.22 Hebrew University of Jerusalem Company Overview 75
5.22.1 Hebrew University of Jerusalem Pipeline Products & Ongoing Clinical Trials Overview 75
5.23 Hugo W. Moser Research Institute at Kennedy Krieger Inc Company Overview 76
5.23.1 Hugo W. Moser Research Institute at Kennedy Krieger Inc Pipeline Products & Ongoing Clinical Trials Overview 76
5.24 Hyperfine Research Inc Company Overview 78
5.24.1 Hyperfine Research Inc Pipeline Products & Ongoing Clinical Trials Overview 78
5.25 Icahn School of Medicine at Mount Sinai Company Overview 88
5.25.1 Icahn School of Medicine at Mount Sinai Pipeline Products & Ongoing Clinical Trials Overview 88
5.26 Intellidesign Pty Ltd Company Overview 89
5.26.1 Intellidesign Pty Ltd Pipeline Products & Ongoing Clinical Trials Overview 89
5.27 Johns Hopkins University Company Overview 90
5.27.1 Johns Hopkins University Pipeline Products & Ongoing Clinical Trials Overview 90
5.28 Leiden University Company Overview 92
5.28.1 Leiden University Pipeline Products & Ongoing Clinical Trials Overview 92
5.29 Leiden University Medical Center Company Overview 93
5.29.1 Leiden University Medical Center Pipeline Products & Ongoing Clinical Trials Overview 93
5.30 Marvel Medtech LLC Company Overview 94
5.30.1 Marvel Medtech LLC Pipeline Products & Ongoing Clinical Trials Overview 94
5.31 Massachusetts General Hospital Company Overview 97
5.31.1 Massachusetts General Hospital Pipeline Products & Ongoing Clinical Trials Overview 97
5.32 Max Delbruck Center for Molecular Medicine Company Overview 100
5.32.1 Max Delbruck Center for Molecular Medicine Pipeline Products & Ongoing Clinical Trials Overview 100
5.33 Medical College of Wisconsin Company Overview 101
5.33.1 Medical College of Wisconsin Pipeline Products & Ongoing Clinical Trials Overview 101
5.34 MicroMRI Inc Company Overview 103
5.34.1 MicroMRI Inc Pipeline Products & Ongoing Clinical Trials Overview 103
5.35 MRI Robotics LLC Company Overview 104
5.35.1 MRI Robotics LLC Pipeline Products & Ongoing Clinical Trials Overview 104
5.36 National University of Science and Technology MiSiS Company Overview 105
5.36.1 National University of Science and Technology MiSiS Pipeline Products & Ongoing Clinical Trials Overview 105
5.37 Neoscan Solutions GmbH Company Overview 106
5.37.1 Neoscan Solutions GmbH Pipeline Products & Ongoing Clinical Trials Overview 106
5.38 Neuro42 Inc Company Overview 107
5.38.1 Neuro42 Inc Pipeline Products & Ongoing Clinical Trials Overview 107
5.39 New York University School of Medicine Company Overview 108
5.39.1 New York University School of Medicine Pipeline Products & Ongoing Clinical Trials Overview 108
5.40 Ningbo Xingaoyi Medical Instruments Co. Ltd Company Overview 111
5.40.1 Ningbo Xingaoyi Medical Instruments Co. Ltd Pipeline Products & Ongoing Clinical Trials Overview 111
5.41 Northwestern University Company Overview 112
5.41.1 Northwestern University Pipeline Products & Ongoing Clinical Trials Overview 112
5.42 Oregon Health & Science University Company Overview 114
5.42.1 Oregon Health & Science University Pipeline Products & Ongoing Clinical Trials Overview 114
5.43 Philips Healthcare Company Overview 115
5.43.1 Philips Healthcare Pipeline Products & Ongoing Clinical Trials Overview 115
5.44 PhysioMRI Tech SL Company Overview 118
5.44.1 PhysioMRI Tech SL Pipeline Products & Ongoing Clinical Trials Overview 118
5.45 Prism Clinical Imaging, Inc. Company Overview 119
5.45.1 Prism Clinical Imaging, Inc. Pipeline Products & Ongoing Clinical Trials Overview 119
5.46 Promaxo Inc Company Overview 120
5.46.1 Promaxo Inc Pipeline Products & Ongoing Clinical Trials Overview 120
5.47 Resonance Health Ltd Company Overview 121
5.47.1 Resonance Health Ltd Pipeline Products & Ongoing Clinical Trials Overview 121
5.48 Robin Medical, Inc. Company Overview 122
5.48.1 Robin Medical, Inc. Pipeline Products & Ongoing Clinical Trials Overview 122
5.49 Shanghai United Imaging Healthcare Co Ltd Company Overview 124
5.49.1 Shanghai United Imaging Healthcare Co Ltd Pipeline Products & Ongoing Clinical Trials Overview 124
5.50 Siemens Healthineers AG Company Overview 125
5.50.1 Siemens Healthineers AG Pipeline Products & Ongoing Clinical Trials Overview 125
5.51 Stanford University Company Overview 131
5.51.1 Stanford University Pipeline Products & Ongoing Clinical Trials Overview 131
5.52 Superconducting Systems Inc Company Overview 134
5.52.1 Superconducting Systems Inc Pipeline Products & Ongoing Clinical Trials Overview 134
5.53 Tel Aviv University Company Overview 135
5.53.1 Tel Aviv University Pipeline Products & Ongoing Clinical Trials Overview 135
5.54 The University of Manchester Company Overview 136
5.54.1 The University of Manchester Pipeline Products & Ongoing Clinical Trials Overview 136
5.55 The University of Nottingham Company Overview 137
5.55.1 The University of Nottingham Pipeline Products & Ongoing Clinical Trials Overview 137
5.56 Time Medical, Inc. Company Overview 138
5.56.1 Time Medical, Inc. Pipeline Products & Ongoing Clinical Trials Overview 138
5.57 Tornado Spectral Systems Company Overview 139
5.57.1 Tornado Spectral Systems Pipeline Products & Ongoing Clinical Trials Overview 139
5.58 University of Arizona Company Overview 140
5.58.1 University of Arizona Pipeline Products & Ongoing Clinical Trials Overview 140
5.59 University of California Davis Company Overview 141
5.59.1 University of California Davis Pipeline Products & Ongoing Clinical Trials Overview 141
5.60 University of California Los Angeles Company Overview 142
5.60.1 University of California Los Angeles Pipeline Products & Ongoing Clinical Trials Overview 142
5.61 University of Colorado Company Overview 144
5.61.1 University of Colorado Pipeline Products & Ongoing Clinical Trials Overview 144
5.62 University of Colorado Boulder Company Overview 146
5.62.1 University of Colorado Boulder Pipeline Products & Ongoing Clinical Trials Overview 146
5.63 University of Florida Company Overview 147
5.63.1 University of Florida Pipeline Products & Ongoing Clinical Trials Overview 147
5.64 University of Hong Kong Company Overview 148
5.64.1 University of Hong Kong Pipeline Products & Ongoing Clinical Trials Overview 148
5.65 University of Illinois Company Overview 149
5.65.1 University of Illinois Pipeline Products & Ongoing Clinical Trials Overview 149
5.66 University of Louisville Company Overview 150
5.66.1 University of Louisville Pipeline Products & Ongoing Clinical Trials Overview 150
5.67 University of Michigan Company Overview 151
5.67.1 University of Michigan Pipeline Products & Ongoing Clinical Trials Overview 151
5.68 University of Queensland Company Overview 152
5.68.1 University of Queensland Pipeline Products & Ongoing Clinical Trials Overview 152
5.69 University of Saskatchewan Company Overview 153
5.69.1 University of Saskatchewan Pipeline Products & Ongoing Clinical Trials Overview 153
5.70 University of Strasbourg Company Overview 154
5.70.1 University of Strasbourg Pipeline Products & Ongoing Clinical Trials Overview 154
5.71 University of Texas Southwestern Medical Center Company Overview 155
5.71.1 University of Texas Southwestern Medical Center Pipeline Products & Ongoing Clinical Trials Overview 155
5.72 University of Virginia Company Overview 156
5.72.1 University of Virginia Pipeline Products & Ongoing Clinical Trials Overview 156
5.73 University of Washington Company Overview 157
5.73.1 University of Washington Pipeline Products & Ongoing Clinical Trials Overview 157
5.74 Vanderbilt University Company Overview 159
5.74.1 Vanderbilt University Pipeline Products & Ongoing Clinical Trials Overview 159
5.75 Varian Medical Systems Inc Company Overview 162
5.75.1 Varian Medical Systems Inc Pipeline Products & Ongoing Clinical Trials Overview 162
5.76 VisionQuest Biomedical LLC Company Overview 163
5.76.1 VisionQuest Biomedical LLC Pipeline Products & Ongoing Clinical Trials Overview 163
5.77 Weinberg Medical Physics LLC Company Overview 164
5.77.1 Weinberg Medical Physics LLC Pipeline Products & Ongoing Clinical Trials Overview 164
5.78 Weizmann Institute of Science Company Overview 165
5.78.1 Weizmann Institute of Science Pipeline Products & Ongoing Clinical Trials Overview 165
5.79 Wipro GE Healthcare Pvt Ltd Company Overview 166
5.79.1 Wipro GE Healthcare Pvt Ltd Pipeline Products & Ongoing Clinical Trials Overview 166
5.80 Wright State University Company Overview 168
5.80.1 Wright State University Pipeline Products & Ongoing Clinical Trials Overview 168
6 MRI Systems- Recent Developments 169
6.1 Aug 08, 2022: ClearPoint Neuro Announces Appointment of Mary McNamara-Cullinane as Vice President of Regulatory Affairs 169
6.2 Aug 03, 2022: Butterfly Network Reports Second Quarter 2022 Financial Results 169
6.3 Jul 29, 2022: Oxford Instruments Appoints Reshma Ramachandran as Independent Non-Executive Director 171
6.4 Jul 27, 2022: iCAD to Report Second Quarter 2022 Financial Results on August 10, 2022 171
6.5 Jul 26, 2022: Siemens to Announce Third Quarter Results FY 2022 171
6.6 Jul 13, 2022: TeraRecon announces DocPanel signs Contract for Intuition Titanium, Reaffirming its Cardiothoracic Imaging Service Commitment 171
6.7 Jul 05, 2022: Hologic to Announce Financial Results for the Third Quarter of Fiscal 2022 on Wednesday, July 27, 2022 172
6.8 Jun 29, 2022: Siemens invests in Volkswagen Electrify America 172
6.9 Jun 20, 2022: Single brain scan can diagnose Alzheimer’s disease 172
6.10 Jun 13, 2022: Canon Medical Systems Canada in partnership with Harley Street Healthcare Group Canada to launch integrated community diagnostic centres across Ontario 174
6.11 Jun 08, 2022: Ohio State appoints Dr. Chyke A. Doubeni to chief health equity officer role 174
6.12 Jun 08, 2022: Announcement of Preliminary Results for the year ended 31 March 2021 175
6.13 May 25, 2022: iCAD Announces CFO Transition 177
6.14 May 19, 2022: UZ Brussel first to treat breast cancer patients with new Brainlab deep inspiration breath hold with instant X-ray confirmation 177
6.15 May 13, 2022: Siemens to exit Russia over invasion of Ukraine; takes €600m hit 178
6.16 May 13, 2022: Butterfly Network to Present at the UBS Global Healthcare Conference 2022 178
6.17 May 12, 2022: Siemens Strong operational performance and growth ended March 31, 2022 179
6.18 May 12, 2022: Butterfly Network Strengthens Executive Team with Two C-Suite Appointments 181
6.19 May 12, 2022: Siemens Announces Q2 FY 2022 results 181
6.20 May 12, 2022: Strong operational performance and growth : Siemens AG 182
6.21 May 12, 2022: Earnings Release Q2 FY 2022 : Siemens AG 183
6.22 May 11, 2022: Promaxo to Showcase In-Office MRI System at AUA 2022 Annual Meeting 184
6.23 May 11, 2022: iCAD Reports Financial Results for First Quarter Ended March 31, 2022 185
6.24 May 11, 2022: Icad (ICAD) Reports Q1 Loss, Tops Revenue Estimates 186
6.25 May 09, 2022: Bruker launches novel 7 Tesla and
9.4 Tesla preclinical MRI magnets 186
6.26 May 05, 2022: Butterfly Network Reports First Quarter 2022 Financial Results 187
6.27 May 05, 2022: ViewRay Announces First Quarter 2022 Results 188
6.28 Apr 29, 2022: Concord Medical Files 2021 Annual Report on Form 20-F 189
6.29 Apr 25, 2022: New system order for Polarean Imaging 189
6.30 Apr 21, 2022: ViewRay Announces Conference Call for First Quarter 2022 Financial Results to be Held After Market on May 5, 2022 190
6.31 Apr 20, 2022: Butterfly Network Names Heather Getz as Chief Financial Officer 190
6.32 Apr 11, 2022: Promaxo Appoints Rob Korn as Global SVP Sales & Marketing 191
6.33 Apr 08, 2022: HeartVista Names Bruce Armstrong of Khosla Ventures to Board of Directors 191
6.34 Apr 06, 2022: RapidAI Announces Amit Phadnis as New Chief Innovation and Technology Officer 192
6.35 Apr 04, 2022: Dr. Elizabeth Plimack Appointed Deputy Director at Fox Chase Cancer Center 192
6.36 Mar 31, 2022: Wipro GE Healthcare: New factory launched under PLI to boost local manufacturing 193
6.37 Mar 30, 2022: Promaxo Announces Participation in the Piper Sandler 2nd Annual Virtual Private MedTech Symposium 194
6.38 Mar 29, 2022: ClearPoint Neuro to Present at the B. Riley Securities Disruptive Biotech Enabling Technologies Mini Conference 195
6.39 Mar 15, 2022: United Imaging receives contract from Vizient for its X-ray and magnetic resonance imaging systems 195
6.40 Mar 14, 2022: AMRA Medical, Daiichi Sankyo and NCNP joint MRI-based muscle research accepted for poster presentation at 2022 MDA Conference 195
6.41 Mar 10, 2022: ViewRay to Host a Virtual Clinical Data Event for Investors and Analysts on March 16, 2022 196
6.42 Mar 10, 2022: SyntheticMR’s Board of Directors has resolved to carry out a directed new share issue of SEK 60 million, subject to subsequent approval by the Extraordinary General Meeting 196
6.43 Mar 01, 2022: Ultrasound scan can diagnose prostate cancer 198
6.44 Feb 28, 2022: iCAD Reports Financial Results for Fourth Quarter and Year Ended December 31, 2021 199
6.45 Feb 28, 2022: Bruker releases CCS-enabled TIMScore and TIMS DIA-NN 4D proteomics software 201
6.46 Feb 24, 2022: ViewRay Announces Fourth Quarter and Full Year 2021 Results 202
6.47 Feb 22, 2022: SyntheticMR : Year-End report January – December 2021 204
6.48 Feb 14, 2022: iCAD to Report Fourth Quarter and Full Year 2021 Financial Results on Monday, February 28 206
6.49 Feb 11, 2022: Bruker Reports Fourth Quarter and Fiscal Year 2021 Financial Results 206
6.50 Feb 10, 2022: Siemens announces Earnings Release and Financial Results Q1 FY 2022 208
6.51 Feb 10, 2022: ViewRay Announces Conference Call for Fourth Quarter and Full Year 2021 Financial Results to be Held After Market on February 24, 2022 208
6.52 Feb 10, 2022: Very successful start to fiscal 2022 209
6.53 Feb 08, 2022: New vice chair appointed to PeaceHealth Board 210
6.54 Feb 02, 2022: Hitachi reports results for Q3 ended December 31, 2021 210
6.55 Feb 02, 2022: Hitachi reports change of executive chairman & CEO 211
6.56 Jan 31, 2022: RapidAI Announces Karim Karti as New CEO 211
6.57 Jan 25, 2022: ViewRay to Participate in the B. Riley Securities Oncology Conference 212
6.58 Jan 24, 2022: Philips announces Q4 and annual results 2021 212
6.59 Jan 11, 2022: Butterfly Network Announces Preliminary Revenue for the Fourth Quarter and Full Year 2021 215
6.60 Dec 23, 2021: iCAD to Participate at the 11th Annual LifeSci Partners Virtual Corporate Access Event 216
6.61 Dec 23, 2021: ViewRay to Participate in the 40th Annual J.P. Morgan Healthcare Conference 216
6.62 Dec 20, 2021: Elucid announces American Medical Association (AMA) instates CPT code for lipid-rich necrotic core quantification to assess atherosclerotic plaque stability 216
6.63 Dec 16, 2021: Ohio State researchers help develop new MRI, expanding access to life-saving imaging 217
6.64 Dec 10, 2021: INIFY Laboratories becomes an independent company 218
6.65 Dec 06, 2021: iCAD Announces CEO Transition 219
6.66 Nov 24, 2021: Siemens Limited announces Q4 FY 2021 results 219
6.67 Nov 15, 2021: Butterfly Network Reports Third Quarter 2021 Financial Results 220
6.68 Nov 09, 2021: iCAD Reports Financial Results for the Quarter Ended September 30, 2021 221
6.69 Nov 09, 2021: UTSW-led research identifies new imaging biomarkers that predict antidepressant response 223
6.70 Nov 04, 2021: ViewRay Reports Third Quarter 2021 Results 224
6.71 Nov 01, 2021: One Call Announces New Chief Operations Officer 226
6.72 Oct 29, 2021: Elucid Eyes big opportunity to save lives with software amidst major guideline changes 226
6.73 Oct 26, 2021: iCAD to Report Third Quarter 2021 Financial Results on Tuesday, November 9 227
6.74 Oct 18, 2021: Bracco celebrates personalized and precision medicine innovations at RSNA 2021 227
6.75 Oct 18, 2021: Concord Medical is shortlisted for the “5G+Healthcare” Pilot Project 228
6.76 Oct 18, 2021: ViewRay to Host a Virtual Clinical Data Event for Investors and Analysts on October 28, 2021 228
6.77 Oct 14, 2021: ViewRay Announces Conference Call for Third Quarter 2021 Financial Results to be Held After Market on November 4, 2021 228
6.78 Oct 11, 2021: Philips launches Pediatric Coaching to enhance MR imaging patient experience for young children 229
6.79 Oct 11, 2021: Penn State College of Engineering: Wearable head scanner could allow for comfort, mobility during brain scans 230
6.80 Oct 05, 2021: AI helps rule out cancer in dense breasts 231
6.81 Oct 01, 2021: NIH to inject healthy bolus of data to sustain the future of AI for medical discoveries 231
6.82 Sep 29, 2021: Promaxo announces financing agreement with Kineo to Support Growth Plans 233
6.83 Sep 21, 2021: Farrer Park Hospital enhances dementia services to better guide management and care plan for people with dementia 233
6.84 Sep 16, 2021: Lynette Jackson appointed as new head of communications at Siemens 234
6.85 Sep 16, 2021: ViewRay to Partcipate in the Cantor Global Healthcare Conference 235
6.86 Sep 02, 2021: Hologic to Webcast Presentations at Upcoming Virtual Investor Conferences 235
6.87 Sep 02, 2021: UCSF Radiology and Radiation Oncology researchers join forces to study HP 13C MRI in prostate cancer undergoing radiation therapy 235
7 Appendix 236
7.1 Methodology 236
7.2 About GlobalData 239
7.3 Contact Us 239
7.4 Disclaimer 239