Fonar Corporation Overview
Pro stress-test →Fonar Corporation designs, manufactures, sells, and services magnetic resonance imaging (MRI) scanners, operating through Medical Equipment Manufacturing and Diagnostic Imaging Center Management segments. The company's signature product is a multi-position MRI scanner that performs imaging in various weight-bearing positions such as standing, sitting, and flexion/extension, minimizing patient motion and claustrophobia while enabling high-resolution analysis.
Strategic Profile
Pro stress-test →Fonar is deeply rooted in MRI technology development and has been instrumental in establishing the industry through historical breakthroughs. The company holds a portfolio of 209 patents related to its MRI technology, including its unique upright MRI scanning technology, with cross-licensing agreements on some patents but no licensing of its upright MRI technology, further strengthening competitive advantage.
Competitive Landscape
Pro stress-test →Fonar competes with major multinational medical device manufacturers including GE, Siemens, and Toshiba, firms that are significantly larger and possess greater resources. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities.
Industry Context
Fonar Corporation operates in Medical Devices - Diagnostic Imaging (MRI Equipment Manufacturing and Healthcare Services).
Key facts
Founded: 1978 · Headquarters: Melville, New York, US · Revenue: $24.95M · Market cap: $92.3M