New Applications Increasing Scope of MRI Market.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 12, 1996--Need a detailed image of an internal organ? Magnetic Resonance Imaging magnetic resonance imaging (MRI), noninvasive diagnostic technique that uses nuclear magnetic resonance to produce cross-sectional images of organs and other internal body structures. (MRI 1. (application) MRI - Magnetic Resonance Imaging. 2. MRI - Measurement Requirements and Interface. ) will give you the picture. Hurt your knee playing basketball? An MRI will tell you how severe the injury is. Think your fruit has worms? MRI will peruse pe·ruse tr.v. pe·rused, pe·rus·ing, pe·rus·es To read or examine, typically with great care. [Middle English perusen, to use up : Latin per-, per- your produce. Each year, 20 million MRI scans are performed worldwide. And, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. WORLD MAGNETIC RESONANCE IMAGING MARKETS, a publication by the medical market research firm Frost & Sullivan, that number is growing along with the number of applications. MRI is a non-invasive imaging technology that provides detailed images of the human body. Originally used to view the central nervous system, its use has expanded to study the internal composition and quality of fruits and vegetables. In 1995, revenues for the world MRI market totaled $1.4 billion; there were an estimated 8,900 scanners throughout the world. Of these, 3,700 were estimated to be in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The U.S. market has provided MRI with most of its growth opportunities. About 8 million MRI scans were expected to be done in the United States in 1995. The number of MRI scans is also growing by 20 percent per year in Europe and 30 percent in Asia. New technologies have been partly responsible for rising sales. The open design magnet is one such innovation. It is useful in examining extremities as well as very large patients, such as athletes, and claustrophobics. Another important technology is the interventional MRI, or minimally invasive surgical procedures Surgical procedures have long and possibly daunting names. The meaning of many surgical procedure names can often be understood if the name is broken into parts. For example in splenectomy, "ectomy" is a suffix meaning the removal of a part of the body. "Splene-" means spleen. . Echo Planar Imaging (EPI EPI exocrine pancreatic insufficiency. ) is ultra-fast, reducing scanning time to tenths of seconds while creating functional images of the brain, heart and abdomen. Innovations in the contrast media market are also boosting the MRI market. Contrast media agents provide contrast in density between tissues and organs during exams. Contrast media has increased MRI usage. Gastromark and Feridex IV (made by Advanced Magnetics) are predicted to increase the use of MRI. Other market trends impacting sales include the emergence of Health Maintenance Organizations (HMOs), which lowers the price per exam. Reimbursement rates, which had been as high as $1,000 to $1,200 for each exam, dropped to between $400 and $500 per exam. This new study by Frost & Sullivan details in length why some companies stand to gain -- and some to lose -- MRI market shares. Its analysis provides significant strategic insight into the direction and velocity of the market; companies receive recommendations for strategic action when purchasing this report, and receive a reliable source of continuing research by an international marketing consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a dedicated to defining market problems, needs and opportunities. The companies included in this study are: Advanced NMR NMR: see magnetic resonance. Systems, Inc., Applied SuperConetics, Inc., Berlex Laboratories Introduction Berlex Laboratories, Incorporated is a research-based pharmaceutical company headquartered in Montville, New Jersey with operations in Wayne, New Jersey; Bothell, Washington; Seattle, Washington; and Richmond, California. , Inc., Bracco Diagnostics, Inc., Elscint, Inc., Fonar Corp., General Electric (GE) Medical Systems, Health Images, Inc., Hitachi Medical Systems of America, Intermagnetics General Corp., Magnex Corp., Medical Advances, Inc., Medrad, Inc., Mitsubishi Electronics America, MRI Devices Corp., Nycomed Imaging A/S, Oxford Instruments Oxford Instruments plc is a United Kingdom manufacturing and research company operating in the fields of instrumentation, analysis, plasma processing, cryogenics and superconductivity. plc, Philips Medical Systems North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Picker International, Inc., Shimadzu Medical Systems, Siemens Medical Systems, Inc., Sumitomo Electric, Inc., and Toshiba America MRI, Inc. Frost & Sullivan is an international marketing consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a that monitors the (MEG) industry for market trends, market measurements, and strategies. This ongoing research is utilized to update a series of research publications and to support industry participants with customized consulting needs. Free executive summaries of all Frost & Sullivan reports are available to the press. Report: 5494-50 Publication Date: August 1996 Price: $2995 -0- For inquiries in the United States, please contact: Russ Pecoraro California 415.961.9000 ext. 488 415.961.5042 fax rpecoraro@frost.com Or, visit our web site at: http://www.frost.com For all other inquiries, please contact: Kristina Menzefricke Stefan Gerhardt London Frankfurt 44.171.730.3438 49.69.235057 44.171.730.3343 49.69.234566 CONTACT: Frost & Sullivan Russ Pecoraro, 415/961-9000 ext. 488 (California) 415/961-5042 fax rpecoraro@frost.com Or, visit our web site at: http://www.frost.com For all other inquiries, please contact: Kristina Menzefricke Stefan Gerhardt London Frankfurt 44.171.730.3438 49.69.235057 44.171.730.3343 49.69.234566 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion