The global demand for Micro-Magnetic Resonance Imaging Market is presumed to reach the market size of nearly USD 3.82 MN by 2028 from USD 2.66 MN in 2021 with a CAGR of 5.3% under the study period 2022 - 2028.
Micro-MRI is the imaging modality used to conduct studies on small animals to develop novel oncology treatments and identify new drug candidates and chemical entities to treat cardiological, neurological, and infectious diseases. Micro-magnetic resonance imaging is an efficient system because it does not use ionizing radiation, has a high spatial resolution, and is especially useful for imaging soft tissues. The micro-MRI technique is widely used in pharmacology, brain mapping, neurodegenerative illness, and psychiatry.
Market Dynamics
The growing technological advancements, increased adoption of non-invasive small-animal imaging techniques and increased funding to support preclinical research drive the global micro-magnetic resonance imaging market growth. Furthermore, an increase in the use of Micro MRI for preclinical research is expected to drive market growth. In addition, the prevalence of hybrid systems, along with the growing number of research applications in cancer, will further boost various opportunities that will lead to the growth of the micro-magnetic resonance imaging market. However, the rising cost of the MRI system and unfavourable reimbursement policies will restrict the growth of the micro-magnetic resonance imaging market.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of micro-magnetic resonance imaging. The growth and trends of micro-magnetic resonance imaging industry provide a holistic approach to this study.
Market Segmentation
This section of the micro-magnetic resonance imaging market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Superconductive Magnet
- Permanent Magnet
By End-Use
- Universities And Academic
- Biotechnology And Pharmaceutical Companies
- Preclinical Imaging And Testing Facilities
- Contract Research Organizations
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Micro-Magnetic Resonance Imaging market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Micro-Magnetic Resonance Imaging Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the micro-magnetic resonance imaging market include Bruker, Siemens Healthineer, Phillips, Varian, Mediso, MR Solutions, Aspect Imaging, Agilent, Cubresa, United Imaging, Time Medical System. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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