1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 6
2 Introduction 7
2.1 What Is This Report About? 7
2.2 MRI Systems Market Segmentation 7
2.3 Definitions of Markets Covered in the Report 8
3 MRI Systems Market, North America 9
3.1 MRI Systems Market, North America, Revenue ($m), 2015-2025 9
3.2 MRI Systems Market, North America, Revenue ($m), 2015-2025 11
3.3 MRI Systems Market, North America, Volume (Units), 2015-2025 13
3.4 MRI Systems Market, North America, Volume (Units), 2015-2025 15
3.5 MRI Systems Market, North America, Company Share by Revenue ($m), 2019 17
4 MRI Systems Market, Canada 19
4.1 MRI Systems Market, Canada, Revenue ($m), 2015-2025 19
4.2 MRI Systems Market, Canada, Volume (Units), 2015-2025 21
4.3 MRI Systems Market, Canada, Average Price ($) , 2015-2025 23
4.4 MRI Systems Market, Canada, Distribution Share by Revenue ($m), 2019 24
4.5 MRI Systems Market, Canada, Company Share by Revenue ($m), 2019 25
5 MRI Systems Market, Mexico 26
5.1 MRI Systems Market, Mexico, Revenue ($m), 2015-2025 26
5.2 MRI Systems Market, Mexico, Volume (Units), 2015-2025 28
5.3 MRI Systems Market, Mexico, Average Price ($) , 2015-2025 30
5.4 MRI Systems Market, Mexico, Distribution Share by Revenue ($m), 2019 31
5.5 MRI Systems Market, Mexico, Company Share by Revenue ($m), 2019 32
6 MRI Systems Market, United States 33
6.1 MRI Systems Market, United States, Revenue ($m), 2015-2025 33
6.2 MRI Systems Market, United States, Volume (Units), 2015-2025 35
6.3 MRI Systems Market, United States, Average Price ($) , 2015-2025 37
6.4 MRI Systems Market, United States, Distribution Share by Revenue ($m), 2019 38
6.5 MRI Systems Market, United States, Company Share by Revenue ($m), 2019 39
7 Overview of Key Companies in North America MRI Systems Market 40
7.1 Siemens Healthineers AG 40
7.1.1 Company Overview 40
7.2 GE Healthcare LLC 40
7.2.1 Company Overview 40
7.3 Philips Healthcare 40
7.3.1 Company Overview 40
7.4 Canon Medical Systems Corp 41
7.4.1 Company Overview 41
8 MRI Systems Market Pipeline Products 42
9 Recent Developments 47
9.1 Corporate Communications 47
9.1.1 Feb 20, 2020: HeartVista announces formation of Medical and Scientific Advisory Board with leaders from Stanford University and the University of Wisconsin 47
9.1.2 Feb 04, 2020: New device identifies high-quality blood donors 47
9.1.3 Jan 27, 2020: Mark Leslie, former VERITAS CEO & Chairman, joins HeartVista Board of Directors 48
9.1.4 Jan 13, 2020: iCAD appoints Nathaniel Dalton to its board of directors 49
9.1.5 Dec 16, 2019: NYC Health + Hospitals/Metropolitan, City Council Speaker Johnson, and Council Member Diana Ayala secure funding for critical MRI equipment 50
9.1.6 Nov 27, 2019: Dr. Michelle Le Beau named to Varian board of directors 50
9.1.7 Nov 12, 2019: PaxeraHealth adds to its advisory board 51
9.1.8 Oct 29, 2019: Varian names Anshul Maheshwari vice president investor relations 51
9.1.9 Oct 23, 2019: Varian appoints new president of interventional oncology solutions and new Chief Financial Officer 52
9.1.10 Sep 16, 2019: Varian names Chief Medical Officer for Interventional Oncology 53
9.1.11 Aug 29, 2019: Siemens Healthineers announces new Canadian leadership 53
9.1.12 Aug 21, 2019: Dr. Phil Febbo named to Varian Board of Directors 54
9.1.13 Aug 08, 2019: Largest peer-reviewed study on AI in health care shows real-world significance of EyeArt AI eye screening system from Eyenuk 54
9.1.14 Aug 06, 2019: Healthcare Veteran Kristine Johnson to join MRI Interventions' board of directors 56
9.1.15 Jul 29, 2019: New research facility allows researchers an unprecedented ability to investigate infectious pathogens like HIV 57
9.1.16 Jul 16, 2019: ViewRay announces appointment of Dr. Gail Wilensky to its Board of Directors 57
9.1.17 Jul 03, 2019: Britta Lesaux appointed president & CEO Philips Canada 58
9.1.18 May 06, 2019: iCAD names R. Scott Areglado as chief financial officer 58
9.2 Financial Announcements 59
9.2.1 Feb 27, 2020: iCAD reports fourth quarter and full-year 2019 financial results 59
9.2.2 Feb 25, 2020: Tytek Medical recalls TM-317 PneumoDart-Pneumothorax Needle due to fully and partially blocked needles 61
9.2.3 Feb 12, 2020: ClearPoint Neuro reports 53% increase in 2019 revenue 62
9.2.4 Feb 10, 2020: FONAR announces fiscal 2020 2nd Quarter and six months financial results 64
9.2.5 Jan 29, 2020: Varian reports results for first quarter of fiscal year 2020 66
9.2.6 Jan 13, 2020: ViewRay announces preliminary fourth quarter and full year 2019 results 67
9.2.7 Jan 12, 2020: Hologic announces preliminary financial results for first quarter of fiscal 2020 68
9.2.8 Nov 22, 2019: Varian updates GAAP results for fourth quarter and full fiscal year 2019 68
9.2.9 Nov 14, 2019: Trovagene presents positive data in metastatic prostate cancer phase 2 trial showing clinical response in patients resistant to Zytiga 69
9.2.10 Nov 12, 2019: MRI Interventions reports 62% increase in 2019 third quarter revenue 71
9.2.11 Nov 12, 2019: ViewRay reports third quarter 2019 results 73
9.2.12 Nov 06, 2019: Celgene to present abstracts on CC-92480 at American Society of Hematology (ASH) 2019 Annual Meeting 74
9.2.13 Nov 06, 2019: Hologic announces financial results for fourth quarter of fiscal 2019 75
9.2.14 Oct 31, 2019: Bruker reports third quarter 2019 financial results 76
9.2.15 Oct 30, 2019: iCAD reports financial and operating results for the third quarter and nine months ended September 30, 2019 78
9.2.16 Oct 23, 2019: Varian reports results for fourth quarter and full fiscal year 2019 80
9.2.17 Oct 15, 2019: ViewRay announces preliminary third quarter 2019 results and details of upcoming conference call 81
9.2.18 Sep 24, 2019: Polarean Imaging: Half-year Report 82
9.2.19 Sep 23, 2019: IRLAB presents at the 2019 International Congress of Parkinson's Disease and Movement Disorders 83
9.2.20 Sep 17, 2019: Adaptive Biotechnologies enters partnership for use Of clonoSEQ as preferred MRD Test for drug development across Amgen’s Hematology Franchise 84
9.2.21 Aug 08, 2019: ViewRay reports second quarter 2019 results 86
9.2.22 Aug 06, 2019: MRI Interventions reports 58% increase in 2019 second quarter revenue 87
9.2.23 Aug 01, 2019: iCAD reports second quarter 2019 financial results 88
9.2.24 Aug 01, 2019: Bruker reports second quarter 2019 financial results 90
9.2.25 Jul 31, 2019: Hologic announces financial results for third quarter of fiscal 2019 91
9.2.26 Jul 24, 2019: Varian reports results for Third Quarter of Fiscal Year 2019 92
9.2.27 Jul 08, 2019: Alder BioPharmaceuticals to showcase 14 new data presentations demonstrating Eptinezumab's migraine prevention and quality of life impact at American Headache Society Meeting 93
9.2.28 Jun 27, 2019: Polarean Imaging: Final results for the year ended 31 December 2018 96
9.2.29 May 13, 2019: FONAR announces fiscal 2019 3rd quarter and nine-months financial results 100
9.2.30 May 07, 2019: iCAD reports first quarter 2019 financial results 102
9.3 Government and Public Interest 103
9.3.1 Dec 18, 2019: Orthopaedic Surgeon, Dr. Jeffrey Carlson, first in Central and Eastern Virginia to implant the M6-C Artificial Cervical Disc 103
9.3.2 Oct 14, 2019: New study challenges nerve damage hypothesis in traumatic brain injury 104
9.3.3 Oct 01, 2019: BlueWillow Awarded NIH Contract to Advance Development of its Therapeutic Peanut Allergy Vaccine 105
9.3.4 Sep 11, 2019: Varian expects to benefit from linear accelerator tariff exclusion in China 106
9.3.5 Aug 03, 2019: New FDA draft MR guidance to prevent fatal attraction 106
9.3.6 Jun 04, 2019: Researchers study surveillance MRI in Breast Cancer survivors 107
9.3.7 May 06, 2019: DJO expands MotionMD Solution to include real-time insurance verification system 108
9.4 Legal And Regulatory 109
9.4.1 Jan 23, 2020: Vulnerability disclosure regarding GE Healthcare monitoring products 109
9.4.2 Jan 13, 2020: MRI Interventions to change corporate name to ClearPoint Neuro 110
9.5 Other Significant Developments 111
9.5.1 Mar 31, 2020: iCAD announces new credit facility with Bridge Bank, increasing operational flexibility 111
9.5.2 Feb 11, 2020: Varex announces renewed pricing agreement with Canon Medical Systems 111
9.5.3 Feb 05, 2020: Hologic launches new scalable options for panther system in the United States and Europe 112
9.5.4 Jan 29, 2020: Massachusetts General Hospital selects Varian Radiotherapy Systems for Cancer Center 113
9.5.5 Jan 06, 2020: MEDNAX expands presence in Florida through affiliation with leading radiology practice 113
9.5.6 Dec 03, 2019: GE Healthcare to deploy digital imaging technologies at Affidea 114
9.5.7 Nov 15, 2019: Next-Generation imaging key to fighting advanced Prostate Cancer 114
9.5.8 Nov 06, 2019: Varian Selected by Michigan Oncology Quality Consortium to support transition to value-based care 116
9.5.9 Nov 04, 2019: Pro Medicus signs A$9M 5-year Contract with The Ohio State University Wexner Medical Center 117
9.5.10 Oct 30, 2019: Proton Therapy opens at Sibley Memorial Hospital, a member of Johns Hopkins Medicine, US Top-Ranked Healthcare Institution 117
9.5.11 Oct 24, 2019: USA Today Article Confuses Patients on Benefits of 3D Mammography for Breast Cancer Screening 118
9.5.12 Oct 09, 2019: As part of transformation strategy, NYC Health + Hospitals invests $224 million to upgrade medical imaging technology system-wide over next 10 years 119
9.5.13 Sep 17, 2019: Biognosys and bruker collaborate to support ion mobility on timsTOF Pro with Spectronaut 119
9.5.14 Aug 26, 2019: Innovative imaging approach uncovers pathway changes after stroke 120
9.5.15 Aug 21, 2019: Yale study uses real-time fMRI to treat Tourette Syndrome 121
9.5.16 Aug 16, 2019: Neuroradiologist using AI, computational MRI to improve diagnostic techniques 122
9.5.17 Aug 05, 2019: Varian announces Immaterial Impact of newly proposed Tariffs 122
9.5.18 Jul 29, 2019: $47 million grant to explore how a healthy lifestyle changes the aging brain 122
9.5.19 Jun 07, 2019: GE Healthcare increases multi-vendor parts inventory on its online site to expand offerings 123
9.5.20 Jun 05, 2019: Polarean Imaging: New system order 124
9.5.21 May 29, 2019: $9.5 million aimed at detecting autism earlier in childhood 124
9.5.22 May 29, 2019: UW, collaborating institutions awarded $9.5 million for detecting Autism earlier in childhood 125
9.5.23 May 09, 2019: High-strength MRI tracks MS progression 126
9.6 Product News 127
9.6.1 May 05, 2020: MRI technique could reduce need for radiation in measuring tumor response to chemotherapy 127
9.6.2 Mar 04, 2020: Adding MRI-targeted biopsy leads to more reliable diagnosis of aggressive prostate cancer 128
9.6.3 Mar 02, 2020: TeraRecon awarded two AI platform patents 129
9.6.4 Feb 27, 2020: MRI shows blood flow differs in men and women 130
9.6.5 Jan 06, 2020: Philips expands its range of consumer-focused digital health solutions at CES 2020 131
9.6.6 Dec 19, 2019: Penn Researchers predict 10-Year Breast Cancer Recurrence with MRI Scans 132
9.6.7 Dec 11, 2019: Artificial intelligence boosts MRI detection of ADHD 133
9.6.8 Dec 03, 2019: MRI imaging shows physical abnormalities in depressed brain 134
9.6.9 Nov 25, 2019: MRI reveals brain damage in Obese teens 135
9.6.10 Nov 13, 2019: Canon Medical supports expert forums on advancements in imaging technology at RSNA 2019 136
9.6.11 Nov 09, 2019: Gadolinium-enhanced MRI of shoulders improves diagnostic accuracy and helps predict Polymyalgia Rheumatica recurrence 137
9.6.12 Oct 22, 2019: Heart MRI delivers accurate diagnosis and helps guide treatment of Cardiovascular Diseases 138
9.6.13 Oct 02, 2019: Using algorithms to build a map of the placenta 138
9.6.14 Sep 20, 2019: Metamaterial markedly boosts MRI performance 140
9.6.15 Sep 13, 2019: Qfix to highlight new MRimage and treat solutions that allow imaging and treatment using the same device 140
9.6.16 Sep 01, 2019: Metrasens celebrates the grant of further patent for its global MRI safety business 140
9.6.17 Aug 13, 2019: Imaging a brain thinking, using a new MRI technique 141
9.6.18 Jul 26, 2019: Researchers develop novel imaging approach with potential to identify patients with CAD 142
9.6.19 Jul 23, 2019: Advanced Neuroimaging shows Brain matter alterations in U.S. Government personnel who Developed Neurological Symptoms in Cuba 143
9.6.20 Jun 11, 2019: New metamaterial can ‘turn up volume’ of MRI scans 145
9.6.21 Jun 04, 2019: The Insight Toolkit analyzes images faster with v5.0 145
9.6.22 May 22, 2019: MRI Use May Improve Identification of Affected Artery in Certain Heart Attacks 146
9.6.23 May 07, 2019: Utilization and cancer yield of BI-RADS 3 lesions detected on high risk screening breast MRI 147
9.6.24 May 07, 2019: MR imaging evaluation of hepatocellular carcinoma treated with stereotactic body radiation therapy (SBRT): long term imaging follow-up 147
9.6.25 May 06, 2019: First in-vivo trial of Subharmonic Contrast-Enhanced Imaging for detection of prostate cancer 148
9.7 Research And Development 149
9.7.1 Dec 13, 2019: Partnership with Siemens Healthineers will create a centre of excellence in advanced diagnostic imaging and therapeutics 149
9.8 Strategy And Business Planning 150
9.8.1 Feb 27, 2020: ContextVision Grows Medical Imaging Market Footprint With New Global Customers 150
9.8.2 Feb 19, 2020: Community-Based Magnetic Resonance Imaging (MRI) services expanding in Saskatoon 151
9.8.3 Feb 18, 2020: Hologic Expands Costa Rican operations with new financial shared services center 151
9.8.4 Jan 30, 2020: Siemens Healthineers and Hamilton Health Sciences announce formation of new Value Partnership to enhance imaging services in southwestern Ontario 152
9.8.5 Jan 23, 2020: Brainlab acquires San Diego-based VisionTree Software 153
9.8.6 Dec 12, 2019: Elucid Bioimaging relocates headquarters to Downtown Boston 154
9.8.7 Nov 26, 2019: Varian establishes direct operation in Kenya 154
9.8.8 Nov 12, 2019: ASG Superconductors – Paramed Medical Systems: A new MROpen MRI System Unit Installed in Texas 155
9.8.9 Oct 14, 2019: MD Anderson expanding its presence in The Woodlands 155
9.8.10 Oct 09, 2019: Agios to Present data from AG-270 phase 1 dose-escalation study in patients with MTAP-deleted tumors in a proffered papers oral resentation and Poster Session at the AACR-NCI-EORTC International Conference 156
9.8.11 Jul 31, 2019: New MRI coming to Nanaimo 157
9.8.12 Jul 29, 2019: New research facility allows researchers an unprecedented ability to investigate infectious pathogens like HIV 158
9.8.13 Jul 18, 2019: Merry X-Ray announces strategic shift to a customer-centric focus as MXR the imaging solution company 158
9.8.14 Jul 09, 2019: Magnetic Insight announces corporate headquarters expansion to a state-of-the-art 22,000 square-foot facility 159
9.8.15 Jun 21, 2019: Hologic signs deal to buy SuperSonic Imagine 160
10 Appendix 161
10.1 Research Methodology 162
10.1.1 Coverage 162
10.1.2 Secondary Research 162
10.1.3 Primary Research 163
10.1.4 Market Modeling and Forecasting 164
10.1.5 Company Share Analysis 166
10.1.6 Distribution Share Analysis 166
10.1.7 Benchmarking 166
10.2 GlobalData Consulting 167
10.3 Contact Us 167
10.4 Disclaimer 168
