Intraoperative MRI Market Scope 2031
The Intraoperative MRI Market is expected to register a CAGR of 5.4% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX million by 2031.
The report is segmented by Intraoperative MRI Market By Type (0.2T, 1.5T, 3.0T); Application (Neurosurgery Surgery, Spinal Surgery, Orthopedic Surgery, Others), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Intraoperative MRI Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Intraoperative MRI Market Segmentation
By Type- 0.2T
- 1.5T
- 3.0T
- Neurosurgery Surgery
- Spinal Surgery
- Orthopedic Surgery
- Others
Strategic Insights
Intraoperative MRI Market Growth Drivers- Surgical Precision: Neurosurgeons can get real-time imaging input while doing treatments thanks to iMRI. This skill is essential for precisely defining the boundaries of tumors and differentiating between sick and healthy brain tissue, reducing the possibility of injuring important structures. Precise interventions are further supported by the visualization of changes in brain location during the surgical procedure.
- Improvement in Patient Outcomes:iMRI improves patient outcomes by enabling more thorough tumor resections and lowering the need for additional procedures. In complicated cases when tumors are situated close to essential brain activities, surgeons can verify the eradication of malignancies in real time, which is especially advantageous.
- Low Cost -By lowering the need for repeat procedures and increasing overall surgical efficiency, iMRI can help healthcare organizations save money. High-quality imaging capabilities are maintained while workflow is optimized with systems such as Philips' Ingenia MR-OR1. Such a factor is expected to aid the overall market growth.
- Technological Advancements: Innovations like portable iMRI systems and sophisticated imaging methods like diffusion tensor imaging and functional MRI have defined the development of iMRI technology:During surgery, iMRI enables doctors to capture real-time brain pictures, which facilitates ongoing evaluation of the surgical site and tumor resection monitoring. This skill is critical for detecting any residual tumor tissue or problems such as hemorrhaging, guaranteeing that surgeons have up-to-date knowledge during the process.
- High resolution images: Through the provision of high-definition pictures, iMRI facilitates more thorough tumor resections. It aids in the differentiation of tumor from healthy brain tissue, which is crucial when tumors are situated close to essential brain activities. This results in better surgical outcomes and can lessen the requirement for further procedures.
- Better Execution:Using real-time data from iMRI, surgeons can modify their technique to enhance surgical planning and execution. When handling dynamic changes in the position or structure of the brain after surgery, this adaptability is essential. By letting surgeons see important structures in real time and reducing the possibility of harm occurring during surgery, iMRI can greatly improve patient safety. For example, iMRI can help prevent damage to expressive regions of the brain after forceful brain resections.
- Minimizes Post-Operative Complications: Through iMRI, surgical site completeness can be verified, hence minimizing problems and expediting the healing process. It facilitates the prompt resolution of problems like intraoperative hemorrhage or unexpected findings, improving results overall. Such a factor has aided the overall market growth in the recent past and is expected to follow a similar trend during the forecast period.
- Non-Invasive Technologies:With iMRI, therapeutic interventions—like medication delivery systems or laser treatments—can be monitored non-invasively and adjusted in real-time based on imaging data, eliminating the need for extra invasive procedures. In addition to tumor resections, iMRI can be used for a variety of neurosurgical operations, such as deep brain stimulation and epilepsy therapies. Because of its adaptability, it is a useful tool in a variety of surgical scenarios.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Intraoperative MRI Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Intraoperative MRI Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Neurosurgery segment accounted for the largest share in 2023 and is expected to retain its dominance during the forecast period
Better Execution
Surgical Precision
North America held the largest share in 2023 and is expected to retain its dominance during the forecast period
The Intraoperative MRI Market is estimated to witness a CAGR of 5.4% from 2023 to 2031
In Europe, the UK held the second largest share in 2023.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Intraoperative MRI Market - By Type
1.3.2 Intraoperative MRI Market - By Application
1.3.3 Intraoperative MRI Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. INTRAOPERATIVE MRI MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. INTRAOPERATIVE MRI MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. INTRAOPERATIVE MRI MARKET - GLOBAL MARKET ANALYSIS
6.1. INTRAOPERATIVE MRI - GLOBAL MARKET OVERVIEW
6.2. INTRAOPERATIVE MRI - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. INTRAOPERATIVE MRI MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. 0.2T
7.3.1. Overview
7.3.2. 0.2T Market Forecast and Analysis
7.4. 1.5T
7.4.1. Overview
7.4.2. 1.5T Market Forecast and Analysis
7.5. 3.0T
7.5.1. Overview
7.5.2. 3.0T Market Forecast and Analysis
8. INTRAOPERATIVE MRI MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. NEUROSURGERY SURGERY
8.3.1. Overview
8.3.2. Neurosurgery Surgery Market Forecast and Analysis
8.4. SPINAL SURGERY
8.4.1. Overview
8.4.2. Spinal Surgery Market Forecast and Analysis
8.5. ORTHOPEDIC SURGERY
8.5.1. Overview
8.5.2. Orthopedic Surgery Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. INTRAOPERATIVE MRI MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Intraoperative MRI Market Overview
9.1.2 North America Intraoperative MRI Market Forecasts and Analysis
9.1.3 North America Intraoperative MRI Market Forecasts and Analysis - By Type
9.1.4 North America Intraoperative MRI Market Forecasts and Analysis - By Application
9.1.5 North America Intraoperative MRI Market Forecasts and Analysis - By Countries
9.1.5.1 United States Intraoperative MRI Market
9.1.5.1.1 United States Intraoperative MRI Market by Type
9.1.5.1.2 United States Intraoperative MRI Market by Application
9.1.5.2 Canada Intraoperative MRI Market
9.1.5.2.1 Canada Intraoperative MRI Market by Type
9.1.5.2.2 Canada Intraoperative MRI Market by Application
9.1.5.3 Mexico Intraoperative MRI Market
9.1.5.3.1 Mexico Intraoperative MRI Market by Type
9.1.5.3.2 Mexico Intraoperative MRI Market by Application
9.2. EUROPE
9.2.1 Europe Intraoperative MRI Market Overview
9.2.2 Europe Intraoperative MRI Market Forecasts and Analysis
9.2.3 Europe Intraoperative MRI Market Forecasts and Analysis - By Type
9.2.4 Europe Intraoperative MRI Market Forecasts and Analysis - By Application
9.2.5 Europe Intraoperative MRI Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Intraoperative MRI Market
9.2.5.1.1 Germany Intraoperative MRI Market by Type
9.2.5.1.2 Germany Intraoperative MRI Market by Application
9.2.5.2 France Intraoperative MRI Market
9.2.5.2.1 France Intraoperative MRI Market by Type
9.2.5.2.2 France Intraoperative MRI Market by Application
9.2.5.3 Italy Intraoperative MRI Market
9.2.5.3.1 Italy Intraoperative MRI Market by Type
9.2.5.3.2 Italy Intraoperative MRI Market by Application
9.2.5.4 Spain Intraoperative MRI Market
9.2.5.4.1 Spain Intraoperative MRI Market by Type
9.2.5.4.2 Spain Intraoperative MRI Market by Application
9.2.5.5 United Kingdom Intraoperative MRI Market
9.2.5.5.1 United Kingdom Intraoperative MRI Market by Type
9.2.5.5.2 United Kingdom Intraoperative MRI Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Intraoperative MRI Market Overview
9.3.2 Asia-Pacific Intraoperative MRI Market Forecasts and Analysis
9.3.3 Asia-Pacific Intraoperative MRI Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Intraoperative MRI Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Intraoperative MRI Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Intraoperative MRI Market
9.3.5.1.1 Australia Intraoperative MRI Market by Type
9.3.5.1.2 Australia Intraoperative MRI Market by Application
9.3.5.2 China Intraoperative MRI Market
9.3.5.2.1 China Intraoperative MRI Market by Type
9.3.5.2.2 China Intraoperative MRI Market by Application
9.3.5.3 India Intraoperative MRI Market
9.3.5.3.1 India Intraoperative MRI Market by Type
9.3.5.3.2 India Intraoperative MRI Market by Application
9.3.5.4 Japan Intraoperative MRI Market
9.3.5.4.1 Japan Intraoperative MRI Market by Type
9.3.5.4.2 Japan Intraoperative MRI Market by Application
9.3.5.5 South Korea Intraoperative MRI Market
9.3.5.5.1 South Korea Intraoperative MRI Market by Type
9.3.5.5.2 South Korea Intraoperative MRI Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Intraoperative MRI Market Overview
9.4.2 Middle East and Africa Intraoperative MRI Market Forecasts and Analysis
9.4.3 Middle East and Africa Intraoperative MRI Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Intraoperative MRI Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Intraoperative MRI Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Intraoperative MRI Market
9.4.5.1.1 South Africa Intraoperative MRI Market by Type
9.4.5.1.2 South Africa Intraoperative MRI Market by Application
9.4.5.2 Saudi Arabia Intraoperative MRI Market
9.4.5.2.1 Saudi Arabia Intraoperative MRI Market by Type
9.4.5.2.2 Saudi Arabia Intraoperative MRI Market by Application
9.4.5.3 U.A.E Intraoperative MRI Market
9.4.5.3.1 U.A.E Intraoperative MRI Market by Type
9.4.5.3.2 U.A.E Intraoperative MRI Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Intraoperative MRI Market Overview
9.5.2 South and Central America Intraoperative MRI Market Forecasts and Analysis
9.5.3 South and Central America Intraoperative MRI Market Forecasts and Analysis - By Type
9.5.4 South and Central America Intraoperative MRI Market Forecasts and Analysis - By Application
9.5.5 South and Central America Intraoperative MRI Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Intraoperative MRI Market
9.5.5.1.1 Brazil Intraoperative MRI Market by Type
9.5.5.1.2 Brazil Intraoperative MRI Market by Application
9.5.5.2 Argentina Intraoperative MRI Market
9.5.5.2.1 Argentina Intraoperative MRI Market by Type
9.5.5.2.2 Argentina Intraoperative MRI Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. INTRAOPERATIVE MRI MARKET, KEY COMPANY PROFILES
11.1. ALLENGERS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BK MEDICAL HOLDING COMPANY, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BMI BIOMEDICAL INTERNATIONAL
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BRAINLAB AG
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ESAOTE S.P.A
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GENERAL ELECTRIC COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. IMRIS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KONINKLIJKE PHILIPS N.V.,
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MS WESTFALIA GMBH
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SIEMENS HEALTHCARE PRIVATE LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Allengers
2. BK Medical Holding Company, Inc.
3. BMI Biomedical International
4. Brainlab AG
5. Esaote S.p.A
6. General Electric Company
7. IMRIS
8. Koninklijke Philips N.V.,
9. MS Westfalia GmbH
10. Siemens Healthcare Private Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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