Magnetic Resonance Imaging Scanners and Accessories Industry Size to Reach USD 13.25 Billion By 2022

Magnetic Resonance Imaging Scanners and Accessories Industry Data Book - Magnetic Resonance Imaging, MRI Coils Motion Tracking Systems Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global magnetic resonance imaging market generated over USD 5.26 Billion in revenue in 2022 and is projected to grow at a CAGR of more than 8.2% from 2023 to 2030, reaching USD 9.1 billion by end of the forecast period.

MRI Scanner and Accessories Industry Data Book Coverage -

MRI Scanner and Accessories Industry Data Book Coverage Snapshot

Access the GlobalMagnetic Resonance Imaging Scanners and AccessoriesIndustry Data Book, 2022 to 2030, compiled with details like marketsizing information forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies.

Magnetic Resonance Imaging Market Growth Trends

The globalmagnetic resonance imaging marketsize is expected to reach USD 9.0 billion by 2030, registering a CAGR of 7.1% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growing prevalence of chronic diseases and increasing demand for early diagnostic techniques are the factors expected to drive the market growth.

In addition, the growing adoption of less invasive procedures is also contributing to the growth of the market. Moreover, the growing number of clinical trials to understand the effectiveness and efficiency of MRI machines in various clinical applications is also expected to boost the market growth. End-users such as research institutes and universities are frequently studying the efficiency of MRI devices with high field strength such as 7T, 10T, and 10.5T.

The growing number of research studies will help in unlocking the potential usage and advantages of high-field MRI machines for various preclinical as well as clinical applications. Currently, 7T MRI machines are only effective in brain and knee imaging, largely due to the absence of the advanced coil required for these high-field machines. Therefore, the development of advanced coils to expand the application of 7T MRI machines is expected to propel market growth during the forecast period.

MRI Motion Tracking Systems Market Growth Trends

The globalMRI motion tracking systems marketsize is expected to reach USD 12.48 million by 2030 registering a CAGR of 20.7% according to a new report by Grand View Research, Inc. The increased need by radiologists to capture sharp and clear images with reduced artifacts minimized errors, and reduced need for multiple MRI scans, are factors influencing the growth of the industry.

During MRI scans, especially brain scans, the patients head must remain still, which often causes discomfort to the patients, resulting in unclear and blurred images. This ultimately prevents the radiologists from effectively analyzing MRI images and forces them to conduct multiple scans. Unnecessary scans cause a great economic burden on the hospital, radiologist, and insurer. Hence, it calls for systems such as motion tracking that saves analysis time, ensure patient comfort, and improve diagnostic capabilities.

This market is at a nascent stage, as only 2 companies across the globe, named, Kineticor and TracInnovations, have received FDA approval for the commercialization of their products. The addition of such systems within the MRI systems provides the following advantages:

• Reduced need for sedation among children and patients with involuntary motions.
• Minimized scanning cost: MRI motion tracking systems, reduces the need for multiple scans due to motion artifacts, saving ~$115,000 per scanner per year. Such systems further save ~$145,000 by eliminating the need for sedation.
• The images obtained by these systems hold high correction freedom of up to 6 degrees for MRI application.
• The quick image capturing: These systems record images at 60 frames per second.
• They have high compatibility with Siemens, Phillips, and GE MRI, and can fit easily in any bore size and field strength of 1.5 T to 7 T machines.

Numerous research is been conducted in this space to determine system efficacy, safety, and accuracy. Motion tracking systems from new market entrants like Metria Innovations are being used by numerous research institutes and universities and are soon to receive FDA approval for product launch. Various universities are developing their systems for research purposes and may file FDA approvals for the same. Hence, the market holds great potential for new entrants as there is a limited presence of highly sophisticated systems at the moment.

Order your copy of the Free Sampleof Magnetic Resonance Imaging Scanners and Accessories Industry Data Book - Magnetic Resonance Imaging, MRI Coils Motion Tracking Systems Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030 Data Book, published by Grand View Research

Competitive Landscape

Key players operating in the magnetic resonance imaging scanners and accessories Industry are -

• Siemens Healthineers
• GE Healthcare
• Toshiba Corporation
• Aurora Imaging Technologies, Inc.
• Koninklijke Philips N.V.
• Esaote SPA
• Sanrad Medical Systems Pvt ltd
• Fujifilm
• MR Instruments, Inc.
• RAPID MR International, LLC
• ScanMed
• Canon Medical Systems Corporation
• Hologic Inc.
• Bruker
• TracInnovations
• Kineticor
• Metria Innovations

Grand View Researchsmagnetic resonance imaging scanners and accessoriesIndustry data book is a collection of market sizing information forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

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