Micro-Magnetic Resonance Imaging Market Worth $2.5 Billion By 2030: Grand View Research, Inc.

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Apr 28, 2022, 07:30 ET

SAN FRANCISCO, April 28, 2022 /PRNewswire/ -- The global micro-magnetic resonance imaging market size is expected to reach USD 2.5 billion by 2030, registering a CAGR of 4.3%, according to a new report by Grand View Research, Inc. Growing technological advancements in the field of micro-magnetic resonance imaging, increase in adoption of non-invasive small-animal imaging techniques, and increased funding to support preclinical research is expected to boost the market growth for micro-magnetic resonance imaging (MRI). Micro MRI is an efficient system since it does not use ionizing radiation, provides good spatial resolution, and is particularly suitable for imaging soft tissues. Micro-MRI has a wide range of applications in small animals, including functional, anatomical, and molecular imaging. And is used in a variety of fields, including pharmacology, brain mapping, neurodegenerative illness, and psychiatry.

Key Insights & Findings from the report:

The superconductive magnet segment dominated the market in 2021 and is expected to grow at the fastest rate during the forecast period.
The universities and academic segment held the largest revenue share of about 32.0% in 2021.
The preclinical imaging and testing facilities segment is estimated to register the fastest growth rate during the forecast period.
North America dominated the market and accounted for the largest revenue share in 2021.
In Asia Pacific, the market is anticipated to witness the fastest CAGR over the forecast period owing to the increase in research and development activities in the region.

Read 139 page market research report, "Micro-Magnetic Resonance Imaging Market Size, Share & Trends Analysis Report By Type (Permanent Magnet, Superconductive Magnet), By End-use (Universities and Academic, Contract Research Organisations), And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Micro-Magnetic Resonance Imaging Market Growth & Trends

Technological developments are likely to contribute to market expansion, such as high magnetic field strength, high resolution, and cryogen-free systems. Furthermore, a rise in the adoption of micro MRI for preclinical research is expected to fuel the market growth during the forecast period. For instance, In August 2021, Bruker and the Karlsruhe Institute of Technology (KIT) in Germany completed the installation of the BioSpec 152/11, a 15.2 Tesla ultra-high field magnetic resonance (MR) imaging system. In January 2022, At Arizona State University in Tempe, Arizona, MR Solutions installed a 9.4T MRI system with variable fields at 7T and 3T.

Several obstacles arose as a result of the COVID-19 pandemic, including logistical constraints, low demand, and reduced sales and marketing activities. However, by mid-2022, the market is predicted to be steadily improving by encouraging end-users to embrace high-end technologies for pre-clinical research. This is expected to significantly boost the growth of the market for micro-magnetic resonance imaging in the coming years.

Micro-Magnetic Resonance Imaging Market Segmentation

Grand View Research has segmented the global micro-magnetic resonance imaging market based on type, end-use, and region:

Micro-MRI Type Outlook (Revenue, USD Million, 2018 - 2030)

Superconductive Magnet
Permanent Magnet

Micro-MRI Market - End-use Outlook (Revenue, USD Million, 2018 - 2030)

Universities and Academic
Biotechnology and Pharmaceutical Companies
Preclinical Imaging and Testing Facilities
Contract Research Organizations
Others

Micro-MRI Market - Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

U.S.
Canada

Europe

U.K.
Germany
France
Italy
Spain

Asia Pacific

Japan
China
India
South Korea

Latin America

Brazil
Mexico
Argentina

Middle East and Africa

South Africa
Saudi Arabia
UAE

List of Key Players in Micro-Magnetic Resonance Imaging Market

Bruker
Siemens Healthineer
Phillips
Varian
Mediso
MR Solutions
Aspect Imaging
Agilent
Cubresa
United Imaging
Time Medical System

Check out more related studies published by Grand View Research:

Preclinical Imaging Market - The global preclinical imaging market size is expected to reach USD 5.4 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.8% from 2022 to 2030. Heavy investments in research and development are encouraging research projects worldwide. As a result, the demand for preclinical imaging is steadily increasing. Pharmaceuticals, biotechnology, life sciences, medical devices, and cosmetics are wide application areas, where imaging modalities are widely used in research and development. Furthermore, veterinary hospitals and educational institutions also create additional demand for this market.
Optical Imaging Systems Market - The global optical imaging systems market size is expected to reach USD 4.65 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.9% from 2022 to 2030. Technological advancements and a rise in the prevalence of ophthalmic disorders are anticipated to boost the growth of the market. Increasing adoption of optical imaging systems in preclinical and clinical studies in the biopharmaceutical and pharmaceutical sector for diagnostic and therapeutic purposes is further projected to drive the market in the years to come.
U.S. Magnetic Resonance Angiography Market - The U.S. magnetic resonance angiography market size is expected to reach USD 2.93 billion by 2027, based on a new report by Grand View Research, Inc., expanding at a CAGR of 4.9% from 2020 to 2027. Rising adoption of artificial intelligence (AI) based imaging techniques is expected to contribute to market growth over the forecast period. AI can assist in the detection of abnormal growths, such as tumors. Automatic detection improves the overall patient experience due to faster reporting.

Browse through Grand View Research's Medical Devices Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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