Fact.MR – A Market Research and Competitive Intelligence Provider: As per latest Fact.MR analysis, the intraoperative MRI equipment market is projected to accelerate at a healthy 7.5% CAGR during the forecast period of 2017 to 2026.
Neurosurgical Intervention to Remain Key Area of Interest in Intraoperative MRI Equipment Market, Accounting for 30% Sales
Fact.MR’s latest report on the intraoperative MRI equipment market offers 10-year forecast. The report explicates on vital dynamics, such as drivers, restraints and emerging opportunities shaping the market dynamics. To present the information in a more vivid manner, the report has been segmented in terms of product type, application, and end user across six major regions.
Fact.MR – A Market Research and Competitive Intelligence Provider: As per latest Fact.MR analysis, the intraoperative MRI equipment market is projected to accelerate at a healthy 7.5% CAGR during the forecast period of 2017 to 2026. With rising need for improving surgical precision, sales of intraoperative MRI equipment are slated to surpass US$ 315 Mn over the assessment period.
Increasing number of complicated surgeries, advancements in MRI technology, and growing demand for minimally invasive procedures are some of the factors boosting the intraoperative MRI equipment market.
Further, intraoperative MRI equipment is a type of magnetic resonance imaging (MRI) machine which is used during surgeries. It offers real-time visualization and thus improves the efficiency of surgical interventions.
Hence, growing need for intraoperative guidance for achieving precision and accuracy is boosting the sales of intraoperative MRI machines. These machines are being increasingly employed in hospital and neurosurgery clinics for enhancing the patient safety during surgical operations.
As per Fact.MR, neurosurgery intervention remains the most lucrative application for intraoperative MRI equipment and the trend is likely to continue in the future. These machines also provide real time information with high resolution during neurosurgical procedures and hence reduces the risk of any injury.
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In addition to this, rising prevalence of brain tumors across the globe is anticipated to spur the demand for intraoperative MRI equipment. Neurosurgeons mainly rely on this technology to create accurate pictures of the brain. These pictures guide them in removing brain tumors and other abnormalities during the neurosurgical operations.
As per Fact.MR, 0.2T systems segment will continue to dominate the intraoperative MRI equipment market, accounting for around 40% volume share through 2026. Detailed improvements in the images generated by 0.2T systems is fostering their adoption in surgical procedures.
Regionally, North America is likely to retain its dominance in the global intraoperative equipment market. Growth in the region is attributed to the increasing adoption of advanced technologies in surgical procedures, presence of leading players, and rising number of chronic diseases.
“Increasing penetration of advanced imaging solutions in emerging countries will continue to create lucrative growth avenues within the intraoperative MRI equipment market. Moreover, rising prevalence of chronic diseases and expansion of healthcare infrastructure in these regions will bode well for the market,” says a Fact.MR analyst
Key Takeaways from Intraoperative MRI Equipment Market Survey
- China and India are likely to emerge as highly lucrative markets across East and South Asia, owing to the rising adoption of modern technologies for complicated surgeries.
- With increasing prevalence of chronic diseases and innovative intraoperative MRI device launches & approvals, the U.K. will dominate the Europe market.
- In terms of product type, 3.0T system segment will expand at a CAGR of 9% in terms of volume over the forecast period.
- Neurosurgical intervention will account for over 30% market volume by the end of forecast period.
- By end user, hospitals segment will account for around 40% share of the global intraoperative MRI equipment market volume by 2026.
Key Drivers
- Rise in chronic diseases such as cancer and brain tumor is creating huge demand for intraoperative MRI equipment.
- Ability of intraoperative MRI equipment to provide real-time imaging guidance during surgical procedures will augment their adoption in medical facilities.
Key Restraints
- High cost associated with intraoperative MRI equipment is restraining the growth of the market.
- Lack of proper healthcare facilities in some low economic regions such as Brazil and Indonesia might limit the growth in the market.
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Competitive Landscape
Leading players operating in the intraoperative MRI equipment market are focusing on expanding their product portfolio. They have adopted various growth strategies such as mergers, partnerships, advanced product launches & approvals and acquisitions to dominate the market.
- In October 2021, IMRIS, Deerfield Imaging, the global leader in intraoperative imaging announced the U.S Food and Drug Administration (FDA) clearance for the new iMRI 3T-V surgical system, a multifunctional surgical environment designed to deliver unmatched intraoperative vision for clinicians, assist I surgical decision-making and enhance precision in treatment.
- In April 2021, Royal Philips, a global leader in health technology successfully installed one of the most advanced intraoperative Elition X dual entry MRI machine in the new state-of-art Central Acute Services building at Westmead Hospital. The machine is designed to provide and enhance speed and efficiency for critical neuro cases such as stroke and acute trauma where speed is crucial to the diagnosis and treatment of patients in critical condition.
Some of the prominent players operating in the intraoperative MRI equipment market profiled by Fact.MR are:
- GE Healthcare
- Medtronic Plc
- Siemens AG
- IMRIS Inc.
- Koninklijke Philips N.V.
- Hitachi Corporation
- Others
More Insights on the Global Intraoperative MRI Equipment Sales Outlook
Fact.MR provides an unbiased analysis of intraoperative MRI equipment market, presenting historical demand data (2012-2016) and forecast statistics through 2021 & beyond. The study divulges compelling insights on the global demand for intraoperative MRI equipment with a detailed segmentation on the basis of:
Product Type
- 0.2T System
- 1.5T System
- 3.0T System
- Others
End User
- Hospitals
- Cancer Research Institutes
- Academic Institutes
- Other End Users
Application
- Neurosurgical Intervention
- Orthopedic Procedures
- Cardiovascular Intervention
- Other Applications
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Key Questions Covered in the Intraoperative MRI Equipment Market Outlook Report
- The report offers insight into intraoperative MRI equipment demand outlook for 2017-2026
- The market study also highlights projected sales growth for intraoperative MRI equipment market between 2017 and 2026
- Intraoperative MRI equipment market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
- Intraoperative MRI equipment market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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