Silent scan technology has been in the news lately, owing to its steady adoption among end-users looking for noise-free MRI scanning procedures. As per Future Market Insight’s analysis, Silent Scan Technology has an installation base in the range of 1% to 3% of the total global MRI machines. The company forecasts the market to grow at an attractive CAGR during the 10 year forecast period of 2016 through 2026.
Based on end-user segmentation, the hospitals segment is estimated to account for more than 60% volume share of the overall market by 2016 end, which is expected to increase further by 2026 end. The global silent scan technology market volume, by the hospital segment is forecasted to grow at a CAGR of close to 5% for a period of 2016 through 2026.
Amongst the Hospital segment, the Private hospital segment is projected to be the most prominent end user sub-segment over the forecast period. As per Future Market Insight’s analysis, the segment which accounts for more than half of Hospital segment, is anticipated to grow at more than 1% higher CAGR than the Public hospital segment, during the forecast period.
Owing to the large number of hospitals across the globe providing MRI services, and a significant number of these hospitals, as compared with the number of diagnostic imaging centres and ASCs, adopting silent scan technology, the hospital segment is forecast to remain the dominating end user segment in terms of volume through 2026. As a result, availability of MRI systems in hospitals is higher which represents a higher installed base of MRI systems for upgrades and updates of SST over other end user segments. Also, out of the three segments, hospitals mostly have the maximum availability of required funds for investment in a high costing capital equipment such as the MRI systems. The smallest market share segment which is ASCs are in a very nascent stage globally with a consolidation in U.S. and few European countries.
Germany is a rapidly growing silent scan technology market. Hospitals in Germany have adopted dual financing or reimbursement systems of Diagnosis-Related-Groups system for inpatient service and fee–for–service schedule system for outpatient. This urges end users such as hospitals in Germany to actively adopt newer MRI system technologies.1
Diagnostic imaging centres is the currently the second most remarkable segment in the market, while the end user segment is projected to register an above average CAGR during 2016-2026. Most patients prefer highly efficient diagnostic imaging services at affordable prices. At a diagnostic imaging centre, patients are required to wait for a shorter period of time, receive more personalized service and have access to treatments using the latest technologies along with some other complimentary services. These are some of the factors expected to be primarily contributing to high growth rates of the segment through 2026.
The Ambulatory Surgical Centres segment which accounts for the smallest market share in the year 2015, is expected to observe a low Year-on-Year growth rate of about 1%.
Diagnostic imaging includes X-ray imaging systems, Computed Tomography (CT) systems, ultrasound systems, Magnetic Resonance Imaging (MRI) systems and nuclear imaging systems. In 2014, MRI equipment segment held around 3% share in terms of volume in the global diagnostic imaging market. Global diagnostic imaging is the parent market for silent scan technology. Initially, the advancements in MRI systems focused on getting greater image clarity without cost additions. Later on, researchers worked to enhance magnet design, radiofrequency coil design and gradient coil design to develop a compact, portable machines. MRI became the preferred diagnostic imaging method for imaging the central nervous system, particularly for detecting brain tumours, spine lesions, imaging blood vessels and stroke affected areas of brain. In the late 2000s, MRI equipment gained impetus from technology developers and manufacturers who focused on making patient friendly MRI systems. This impelled the companies to develop more applications for MRI systems and to improve patient comfort. Silent scan technology was invented to provide improved image quality with reduced acoustic noise. Silent MRI systems use high-fidelity gradient and ultra-fast RF system electronics to eliminate the sound at source. The launch of silent scan, a promising technology, is forecast to revolutionise the patient experience in the MRI market. Historically, reduction of MR noise was done by muffling or dampening the sound by adding insulation inside the MR system. Contrary to the old methods, silent scan technology utilises a different approach by eliminating the noise at the source.
The silent scan technology market is segmented as follows:
This report covers the global silent scan technology market performance in terms of volume contribution. The report also includes FMI’s analysis of key trends, drivers and restraints in each of the seven regions/countries, which are influencing the silent scan technology market currently. The report provides the upgrade and pre-installed silent scan MRI base in the top 10 countries and moves on to highlight market proportion of every region/country in the global silent scan technology market. Furthermore, the report gives a complete region/country-wise analysis of 2016 & 2026 estimates of the total number of MRI machines, total number of silent scan MRI machines and then a split on the basis of the upgrade and installed base. Porter’s five forces model & scenario forecast of every region/country is included in this report to better equip clients with crystal-clear decision-making insights.
Based on end-user segmentation, the global silent scan technology market is segmented into hospitals, which is further sub-segmented into public hospitals and private hospitals, diagnostic imaging centres and ambulatory surgical centres. The hospitals segment is estimated to account for more than 50% volume share of the market by 2016 end, which is expected to increase further by 2026 end. Private hospitals sub-segment is projected to remain the most prominent end user segment over the forecast period, expanding at a CAGR of 6.2% in terms of volume during the forecast period. Diagnostic imaging centres is forecast to remain the second most dominant end user segment and, thus, is projected to register an above average CAGR during 2016-2026.
Based on regional segmentation, North America and APEJ markets are estimated to collectively account for more than half the total share of the global silent scan technology market, which is expected to increase potentially by 2026 end. Western Europe is another significant regional market, which is projected to register the highest CAGR in terms of volume among other regions in the global silent scan technology market during the forecast period.
Key market players covered in this report are GE Healthcare, Siemens Healthineers, Philips Healthcare, Toshiba Medical Systems Corporation and Hitachi Medical Systems America, Inc. Key strategies adopted by most of the major players in the global silent scan technology market include: earning competitive advantage by entering niche segments or creating newer growth markets, leveraging existing capabilities to create patient-centric technologies, briskly entering markets in emerging countries and offering the latest innovative technologies to healthcare facilities and, thus strengthening regional proficiency and addressing customer needs such as ensuring that patient comfort and standards are met during MRI scan procedures. New product launches, innovation and expansion are anticipated to form the core of these strategies during the forecast period.
Key Segments Covered
Key Regions/Countries Covered
Global Silent Scan Technology – End User Survey &Analysis
1. Survey Respondents
1.1. Private Hospitals
1.2. Public Hospitals
1.3. Diagnostic Imaging Centres
1.4. Ambulatory Surgical Centres
2. Survey Countries
3. Survey Responses
3.1.1.Current Installation of MRI Systems in Healthcare Facilities
3.1.2.Current Installation of Silent Scan Technology in MRI System
3.1.3.Prospect Customers of Silent Scan Technology
3.2.1.Current Customer Perception
3.2.2.Customer Ratings on Silent & Non-Silent MRI Scans
3.2.3.Customer Ratings on Silent Scan Technology MRI Image Quality, By Company
3.3.1.Silent Scan Technology Brand Sentiment Analysis
3.3.2.Open MRI & Closed MRI System Comparison
3.3.3.Silent Scan Technology Upgrades & Updates Analysis
3.4. Silent Scan Technology Additional Costs - Structure