Demand for Intraoperative MRI Equipment Market to Expand at a CAGR of 7.5% Through 2026

Published : 3 years ago, on 08/10/2021

Traditional image-guided procedures remained restricted to the limitation of physicians referring to pre- and post-operative images for conducting neurosurgical or maxillofacial procedures. With advancements in medical imaging technologies, intraoperative MRI techniques paved their way in the diagnosis-guided surgery landscape, enabling physicians and surgeons to view the images during surgery, rather than referring to them preoperatively or postoperatively. Advanced intraoperative MRI equipment are being developed to facilitate enhanced imaging for physicians and lower the risks of improper surgeries during preoperative conditions.

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Fact.MR observes as robust growth in demand for intraoperative MRI equipment in the global healthcare marketplace. By the end of 2026, the global intraoperative MRI equipment market is estimated to surpass US$ 315 million valuation. The advantage of intraoperative MRI equipment in improving the localization for physicians during surgeries will continue to bolster their demand in the near future. During the period, 2017-2026, the global market for intraoperative MRI equipment is assessed to reflect a CAGR of 7.1% in terms of volume.

The Uptake for Intraoperative MRI Equipment to Remain High in Medical Communities

As the years progress, advancements in medical imaging technologies are being welcomed by communities of physicians and surgeons across the globe. Currently, the adoption of intraoperative MRI equipment showcases a promising growth. Leading medical research organizations are exhibiting readiness to invest in technologies for instrumenting developments in the operability and functioning of intraoperative MRI equipment. Multiple advantages of using intraoperative MRI equipment will be driving their uptake in the coming years.

• Real-time visualization offered by latest intraoperative MRI equipment to improve the efficiency of surgical interventions
• Gradient-imaging advantage of intraoperative MRI equipment to support physicians in planning the path of surgery
• Cost-effective maintenance to compensate for high prices of intraoperative MRI equipment
• The co-efficiency of intraoperative MRI equipment in lowering the chances of second surgical intervention to aid patient outcomes of hospitals

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Furthermore, intraoperative MRI equipment operate on conventional MRI modality, which supplements their adaptability among traditional healthcare settings. It has been estimated that majority of intraoperative MRI equipment manufactured in the world will be adopted by hospitals. Sufficient funding to purchase these expensive machines will keep hospitals at the forefront of global intraoperative MRI equipment end-use. By the end of 2026, more than 2,200 units of intraoperative MRI equipment are expected to be sold across hospitals worldwide.

North America – Largest Market for Intraoperative MRI Equipment through 2026

The report estimates that majority of intraoperative MRI equipment are produced and sold in the US. High value growth in North America’s medical tourism sector will drive the sales of intraoperative MRI equipment in the US and Canada. Companies such as Medtronic Plc, GE Healthcare, IMRIS, Inc., Siemens AG, Hitachi Corporation, and Koninklijke Philips N.V., which are the key players in global intraoperative MRI equipment market are prominent in the US and have gained their footholds across Europe and the Asia-Pacific excluding Japan (APEJ) region.

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In the coming years, a steady demand for 0.2T systems will be observed in the global intraoperative MRI equipment landscape. Growing need for low-field MRI in surgical interventions will drive the demand for 0.2T systems across the globe. The report also estimates that 3.0T systems will register a rapid growth in terms of volume, reflecting a 9% CAGR over the forecast period. Manufacturers will continue to extend the production of these two key systems to capture the specific demands of physicians. Moreover, lowering the risks of these systems in creating geometrical distortion will be prioritized by intraoperative MRI equipment manufacturers in the foreseeable future.

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