The African MRI systems market is expected to reach $464 million growing at a CAGR of 6.1%. MRI being a very important diagnostic tool is used in all domains of medicine like cardiology, neurology and orthopedics. It is replacing older technologies like CT because of its better precision and is as safer tool as it does not use ionizing radiations. MRI is categories into 3 types based on equipment into Open system, closed system and straight or upright system. The open system MRI has a growing market demand as it is preferred over that currently common closed type as it does not enclose the patient and prevents the common symptom inpatients like claustrophobia.
There is a growing demand for better diagnostic facilities like MRI in the African countries because of the incidence of diseases and cancers and a rise in the aging population. The awareness among people about early diagnosis of diseases for prevention and faster cure has increased contributing to the growing market. The MRI systems market can be segmented on the basis of structure (Open, Closed and Standing), resolution (low field, mid field and high field), applications (Neurological, Gastrointestinal, Cardiology and Oncology) and geographically (South Africa, Egypt, Kenya, Nigeria and other countries). Some of the key players are GE, Hitachi Medical Corporation, Philips Healthcare, Siemens Healthcare and Toshiba Medical Systems.
Drivers: Advanced healthcare facilities and advancements in technology drive the market. There is an increase in the aging population and incidence in diseases increasing the demand for advanced healthcare facilities like MRI.
Constraints: Though the technology is considered safe, the numbers of accidents associated have been increasing as the magnetic field is dangerous when the patients have embedded devices such as pacemakers and cochlear implants. The African economy is still developing so the affordability for advanced facilities is less.
What the report offers?
- Market Definition for the specified topic along with identification of key drivers and restraints for the market.
- Market analysis for the African MRI Market in Healthcare Industry, with region specific assessments and competition analysis on a global and regional scale.
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
- Identification and analysis of the Macro and Micro factors that affect the African MRI Market in Healthcare Industry on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
1.1 Report Description
1.2 Markets Covered
1.3 Research Methodology
2. Executive Summary
3. Market Overview
3.1 Market Definition
3.2 Market Drivers
3.2.1 Increasing advancements in technology
3.2.2 Increasing applications in clinical diagnosis boosting the market growth
3.2.3 Increasing disease incidence
3.2.4 Market Restraints
3.3 Lack of Skilled professionnels
4. Increase in number of accidents
4.1 Interpretation of complex data
4.2 Lack of skilled prpfessionals
4.3 Porters Five Force Analysis
4.4 Bargaining Power of suppliers
4.5 Bargaining power of buyers
5. Degree of competition
6. Threat of substitution
6.1 Threat of new entrants
6.1.1 Market Segmentation
6.1.2 MRI Equipment Market
6.2 By type
6.2.1 Open System
6.2.2 Closed System
6.2.3 By resolution
6.2.4 Straight/ Upright
6.3 Low- Field Scanner
6.3.1 Mid-field Scanner
6.3.2 High-Field Scanner
6.3.3 By Application
188.8.131.52 By Geography
7.2 Other Countries
7.3 Competitive Landscape
7.4 Mergers & Acquisitions
8. Agreements, Collaborations & Partnerships
8.1 New Product Launches
8.2 Recommendations to new market players
8.3 Company Profiles
8.4 GE Healthcare
8.5 Hitachi Medical Corporation
9. Philips Healthcare
10. Siemens Healthcare
11. Toshiba Medical Systems
LIST OF TABLES
1: African MRI Equipment Market By Types ($millions) (2014-2020)
2: African MRI Equipment Market By Open System ($millions) (2014-2020)
3: African MRI Equipment Market By Closed System ($millions) (2014-2020)
4: African MRI Equipment Market By Straight/Upright system ($millions) (2014-2020)
5: African MRI Equipment Market By Resolution ($millions) (2014-2020)
6: African MRI Equipment Market By Low-Field Scanners ($millions) (2014-2020)
7: African MRI Equipment Market By Mid Field Scanners ($millions) (2014-2020)
8: African MRI Equipment Market By High-Field Scanners ($millions) (2014-2020)
9: African MRI Equipment Market By Application($millions) (2014-2020)
10: African MRI Equipment Market By Neurology ($millions) (2014-2020)
11: African MRI Equipment Market By Gastroentrology ($millions) (2014-2020)
12: African MRI Equipment Market By Cardiology ($millions) (2014-2020)
13: African MRI Equipment Market By Oncology ($millions) (2014-2020)
14: African MRI Equipment Market By Countries ($millions) (2014-2020)