- 0.2 Tesla
- 1.5 Tesla
- 3.0 Tesla
Intraoperative Magnetic Resonance Imaging (MRI) Market size was valued at USD 2.2 billion in 2021, growing at a CAGR of 6.6% from 2022-28. Intraoperative Magnetic Resonance Imaging (MRI) is an instrument gives the real-time image of a brain which helps to identify abnormal tissues and removal of the brain tumours effectively and safely. Intraoperative Magnetic Resonance Imaging Market lowers the risk of damaging critical parts of the brain and help to identify whether the surgery was successful or additional resection is required before completing the surgery. Various intraoperative MRI equipment is available with different magnetic field strengths such as 0.2 T, 1.5 T, and 3.0 T. Acquisitions and mergers, collaborations, patent approvals, and product launchings are key strategies followed by the companies for increasing their revenue in the intraoperative imaging market. Â This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policymakers engaged in manufacturing and supply of global market.
Key Developments: In July 2014, Medtronic, Inc. acquired Visualise, Inc. for strengthening its neurological solutions portfolio including intra-operative imaging. In April 2012, Philips Healthcare collaborated with Brainlab AG for the development of comprehensive intraoperative MRI solution for streamlining the neurosurgery procedures.Global Intraoperative Magnetic Resonance Imaging Market Summary
Study Period
2023-29
Base Year
2022
CAGR
6.6%
Largest Market
North America
Fastest Growing Market
Europe
Intraoperative Magnetic Resonance Imaging Market Dynamics
Rise in global geriatric population, technological advancements of the equipment such as higher magnetic field strength, increase in the prevalence of chronic diseases, and rise in preference for minimally invasive surgeries are anticipated to fuel the intraoperative magnetic resonance imaging market. Moreover, the rise in the adoption of novel technologies in developed regions and growth in healthcare expenditure for quality diseases management expected to propel the intraoperative magnetic resonance imaging market. However, a high cost of the devices, product recall, and lack of skilled professionals for operating devices might hamper the growth of the market over the forecast timeframe.
Intraoperative Magnetic Resonance Imaging Market Regional Analysis
North America dominates the market
North America has a significant share in intraoperative imaging market owing to increase in the prevalence of neurological disorders due to change in lifestyle, well-developed healthcare infrastructure, and availability of skilled professionals are propelling the intraoperative MRI market in the region. In Europe, high adoption of technological advanced MRIs by healthcare professionals, the collaboration between the companies for development of newer technologies are anticipated to fuel the Europe intraoperative magnetic resonance imaging market. However, Asia Pacific has a lucrative growth attributed to increase in the medical tourism, approvals for novel technologies in Asia Pacific countries such as Japan and Australia, an increase in healthcare expenditure are projected to boost the intraoperative magnetic resonance imaging market over the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Global Intraoperative Magnetic Resonance Imaging Market Segmentation
Magnetic Strength
Application
- Spinal surgery
- Neurosurgery
- Orthopaedic surgery
- Others
End User
- Hospitals
- Clinics
- Ambulatory surgical centres
- Laboratories
Geography
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Frequently Asked Questions
The intraoperative magnetic resonance imaging (MRI) market is projected to expand at a CAGR of x% during the forecast period
Siemens AG (Germany), Medtronic, Inc. (Ireland), GE Healthcare (U.S.), Philips Healthcare (Koninklijke Philips N.V.) (Netherlands), IMRIS Deerfield Imaging (U.S.)
North America is the fastest-growing region for intraoperative magnetic resonance imaging (MRI) market
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- Siemens AG (Germany)
- Medtronic, Inc. (Ireland)
- GE Healthcare (U.S.)
- Philips Healthcare (Koninklijke Philips N.V.) (Netherlands)
- IMRIS Deerfield Imaging (U.S.)
- Brainlab AG (Germany)
- Hitachi Ltd. (Japan)