Intraoperative MRI Equipment Market | Global Growing Players - GE Healthcare, Medtronic Plc, Siemens AG, IMRIS, Koninklijke Philips N.V., Hitachi Corporation

In the traditional medical landscape, image-guided procedures exhibited pre-operative conditions, and limitations associated with them required surgeons and physicians to deeply invest in the magnetic resonance imaging (MRI) technology. Advancements paved way for intraoperative MRI techniques, which gained grounds for their ability to use conventional imaging modality and overcome the limitations of preoperative diagnosis. Thereafter, the production of intraoperative MRI equipment has gained traction across the globe. Medical device manufacturers are focusing on improving the efficiency of intraoperative MRI equipment for localization during surgery. These equipment have enabled the physicians to view the images during a neurosurgical operation rather than referring to preoperative and postoperative images.

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Fact.MR foresees that the demand for intraoperative MRI equipment will soar vigorously in the future. The report assesses that the global market for intraoperative MRI equipment will expand at a CAGR of 7.5% during the period, 2017-2026. New intraoperative MRI equipment entering the market offer real-time visualization throughout the stages of brain surgery, which is further set to bolster their demand globally in the coming years. By the end of 2026, nearly 5,500 units of intraoperative MRI equipment are likely to be sold worldwide.

High Demand for 0.2T Systems to Reflect the Growing Need for Low-field Intraoperative MRI Equipment

Detailed improvements in the images generated by 0.2T systems is driving their sales in the global market for intraoperative MRI equipment. Small read-out gradients are made visible and the 0.2T intraoperative MRI equipment systems are being preferred for eliminating the risks of severe geometrical distortion by employing homogenous magnetic field. The report estimates that in 2017, nearly 1,275 units of 0.2T systems were sold across the global intraoperative MRI equipment market. Towards the end of the forecast period, 0.2T systems are assessed to reflect a global market volume share of approximately 40%. On the other hand, 3.0T systems will showcase rapid volume growth at 9% CAGR over the forecast period. Increasing complexities in neurosurgeries will drive the demand for high-field intraoperative MRI equipment, and nearly 895 units of 3.0T systems will be adopted worldwide by the end of 2026.

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Neurosurgical Intervention Applications to Showcase Highest Market Attractiveness through 2026

Majority of intraoperative MRI equipment manufactured in the world will be used for neurosurgical intervention procedures. More than 30% of the global intraoperative MRI equipment market volumes will be accounted by neurosurgical intervention applications through 2026. However, orthopedic procedure applications of intraoperative MRI equipment will showcase high volume growth, pertaining to prevalence of orthopedic disorders that require high-field MRI scanning during diagnosis. The report also estimates that hospitals will emerge as the largest end-users of intraoperative MRI equipment, accounting for approximately 40% share on global market volumes through 2026.

Competition Tracking

Increasing uptake for intraoperative MRI equipment across the global medical communities has influenced their production. Currently, the global intraoperative MRI equipment manufacturing landscape remains consolidated with the presence of handful players. However, these companies are widely recognized for being leaders of the medical devices industry. GE Healthcare, Medtronic Plc, Siemens AG, IMRIS, Inc., Koninklijke Philips N.V., and Hitachi Corporation will be observed as the key players in the global intraoperative MRI equipment market through 2026.

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This release was published on openPR.