During the forecast period from 2017 to 2026, the intraoperative MRI equipment market is expected to rise steadily at a compound annual growth rate (CAGR) of 7.5%.
Within the larger medical imaging environment, the intraoperative magnetic resonance imaging (MRI) equipment market has become a vibrant industry. The term "intraoperative MRI" describes the use of MRI technology to guide surgeons and improve precision during surgical procedures by giving real-time imaging. The growing need for cutting-edge imaging technology in surgical settings has led to a notable expansion in this industry. Enhancing visualization and improving patient outcomes are two benefits of incorporating real-time imaging into surgery.
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The growing demand for 0.2T intraoperative MRI systems reflects the increasing preference for low-field MRI equipment. Enhanced image quality and the ability to reduce risks of severe geometrical distortion through homogeneous magnetic fields are key factors driving their popularity.
In 2017, approximately 1,275 units of 0.2T systems were sold globally, and by the end of the forecast period, these systems are expected to account for nearly 40% of the global market volume.
Meanwhile, 3.0T systems are projected to experience significant growth, with a 9% CAGR throughout the forecast period. The rising complexity of neurosurgeries is boosting the demand for high-field intraoperative MRI equipment, with nearly 895 units of 3.0T systems expected to be adopted worldwide by 2026.
Neurosurgical Intervention Applications to Lead Market Demand by 2026
A significant portion of intraoperative MRI equipment produced globally will be utilized for neurosurgical intervention procedures.
Neurosurgical applications are expected to account for over 30% of the global intraoperative MRI equipment market volume through 2026.
Orthopedic procedures, however, are anticipated to exhibit substantial volume growth due to the rising prevalence of orthopedic disorders requiring high-field MRI scanning for accurate diagnosis.
Additionally, hospitals are projected to remain the largest end-users of intraoperative MRI equipment, capturing nearly 40% of global market volumes by 2026.
Competition Tracking
The growing adoption of intraoperative MRI equipment within global medical communities has significantly impacted their production.
Currently, the global manufacturing landscape for intraoperative MRI equipment remains concentrated, with a limited number of key players.
These companies are well-known leaders in the medical devices industry.
- GE Healthcare
- Medtronic Plc
- Siemens AG
- IMRIS Inc.
- Koninklijke Philips N.V.
- Hitachi Corporation
These firms are expected to dominate the global intraoperative MRI equipment market through 2026.
The intraoperative MRI equipment market is set for steady growth, with a projected 7.5% CAGR from 2017 to 2026, driven by the increasing adoption of advanced imaging technology in surgical procedures. The demand for 0.2T systems is expected to rise due to their enhanced image quality and ability to minimize distortion, while 3.0T systems will see significant growth, particularly in neurosurgeries. Neurosurgical applications are poised to lead market demand, with hospitals being the primary end-users. As the market continues to expand, key players like GE Healthcare, Medtronic, Siemens, and others are expected to maintain their leadership, shaping the future of intraoperative MRI equipment. With ongoing technological advancements and rising demand in both neurosurgical and orthopedic applications, the market's outlook remains promising through 2026.
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