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MRI Motion Tracking Systems Market Size, Share & Trends Analysis Report by Type (Optical Tracking Systems, Software), by Product (Marker, Marker-less), by Region, and Segment Forecasts, 2022-2030

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    Report

  • 120 Pages
  • August 2022
  • Region: Global
  • Grand View Research
  • ID: 5649361
The global MRI motion tracking systems market size is expected to reach USD 12.48 million by 2030 registering a CAGR of 20.7% according to this report. The increased need by radiologists to capture sharp and clear images with reduced artifacts, minimized errors, and reduced need for multiple MRI scans, are factors influencing the growth of the industry.

During MRI scans, especially brain scans, it is absolutely necessary for the patient’s head to remain still, which often causes discomfort to the patients, resulting in unclear and blurred images. This ultimately prevents the radiologists from effectively analyzing MRI images and forces them to conduct multiple scans. Unnecessary scans cause a great economic burden on the hospital, radiologist, and insurer. Hence, it calls for systems such as motion tracking that save analysis time, ensure patient comfort, and improve diagnostic capabilities.

This market is at a nascent stage, as only 2 companies across the globe, named, Kineticor and TracInnovations, have received FDA approval for the commercialization of their products. The addition of such systems within the MRI systems provides the following advantages:
  • Reduced need for sedation among children and patients with involuntary motions.
  • Minimized scanning cost: MRI motion tracking systems, reduces the need for multiple scans due to motion artifacts, saving ~$115,000 per scanner per year. Such systems further save ~$145,000 by eliminating the need for sedation.
  • The images obtained by these systems hold high correction freedom of up to 6 degrees for MRI application.
  • Quick image capturing: These systems record images at 60 frames per second.
  • They have high compatibility with Siemens, Phillips, and GE MRI, and can fit easily in any bore size and field strength of 1.5 T to 7 T machines.

Numerous research is been conducted in this space to determine system efficacy, safety, and accuracy. Motion tracking systems from new market entrants like Metria Innovations are being used by numerous research institutes and universities and are soon to receive FDA approval for product launch. Various universities are developing their own systems for research purposes and may file FDA approvals for the same. Hence, the market holds great potential for new entrants as there is a limited presence of highly sophisticated systems at the moment.

MRI Motion Tracking Systems Market Report Highlights

  • Optical Tracking Systems like cameras are largely adopted by MRI manufacturers due to their increased efficacy and image capture accuracy
  • The marker systems segment is expected to grow at a lucrative CAGR in the global market during the forecast period
  • The North America region dominated with a revenue share of 58.38% in 2021 and is expected to grow at a CAGR of over 20% from 2022 to 2030


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.1.1 Type
1.1.2 Product
1.1.3 Regional Scope
1.1.4 Estimates and Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details of Primary Research
1.3.5.1 Data for primary interviews in North America
1.3.5.2 Data for Primary Interviews in Europe
1.3.5.3 Data for Primary Interviews in Europe
1.3.5.4 Data for Primary Interviews in Rest of the world
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.6.1.1 Approach 1: Commodity Flow Approach
1.6.2 Volume Price Analysis (Model 2)
1.6.2.1 Approach 2: Volume Price Analysis
1.7 List of Secondary Sources
1.8 Objectives
1.8.1 Objective 1
1.8.2 Objective 2
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.2.1 Type Outlook
2.2.2 Product Outlook
2.2.3 Regional Outlook
2.3 Competitive Insights
Chapter 3 Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent market outlook
3.2 Penetration & Growth Prospect Mapping
3.2.1 Reimbursement framework
3.3 Market Dynamics
3.3.1 Market Driver Analysis
3.3.1.1 Increased need to reduce motion artifacts and scanning frequency
3.3.1.2 Need to decrease unnecessary cost of MRI scan
3.3.2 Market Restraint Analysis
3.3.2.1 Stringent FDA regulations
3.4 Magnetic Resonance Imaging Market Analysis Tools
3.4.1 Industry Analysis - Porter’s
3.4.1.1 Supplier Power
3.4.1.2 Buyer Power
3.4.1.3 Substitution Threat
3.4.1.4 Threat from new entrant
3.4.1.5 Competitive rivalry
3.4.2 PESTEL Analysis
3.4.2.1 Political Landscape
3.4.2.2 Technological Landscape
3.4.2.3 Economic Landscape
3.4.3 Major Deals & Strategic Alliances Analysis
3.4.4 Market Entry Strategies
Chapter 4 Type Business Analysis
4.1 Definitions and Scope
4.1.1 Optical Tracking System
4.1.2 Software
4.2 Type Market Share Analysis
4.3 Segment Dashboard
4.4 Global Magnetic Resonance Imaging Market by Type
4.5 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the following
4.6 Optical Tracking Systems
4.6.1 Optical Tracking Systems Market Estimates And Forecast, 2020 - 2030
4.7 Software
4.7.1 Software Market Estimates And Forecast, 2020 - 2030
Chapter 5 Product Business Analysis
5.1 Definitions and Scope
5.1.1 Marker system
5.1.2 Markerless system
5.2 Product Market Share Analysis
5.3 Segment Dashboard
5.4 Global Magnetic Resonance Imaging Market by Strength
5.5 Market Size & Forecasts and Trend Analyses, 2017 to 2030 for the following
5.5.1 Marker system
5.5.1.1 Marker system Market Estimates And Forecast, 2020 - 2030
5.5.2 Markerless system
5.5.2.1 Markerless system Market Estimates and Forecast, 2020 - 2030
Chapter 6 Magnetic Resonance Imaging Market: Regional Market Analysis, 2020 - 2030 (Value & Volume) (USD Million)
6.1 Regional market share analysis, 2020 & 2030
6.2 Regional Market Dashboard
6.3 Global Regional Market Snapshot
6.4 Regional Market Share and Leading Players, 2020
6.4.1 North America
6.4.2 Europe
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East & Africa
6.5 SWOT Analysis, by Factor (Political & Legal, Economic and Technological)
6.5.1 North America
6.5.2 Europe
6.5.3 Asia Pacific
6.5.4 Latin America
6.5.5 Middle East & Africa
6.6 Market Size, & Forecasts, Volume and Trend Analysis, 2020 to 2030:
6.7 North America
6.7.1 Market estimates and forecast, 2020 - 2030
6.7.2 U.S.
6.7.2.1 U.S. market estimates and forecast, 2020 - 2030
6.7.3 Canada
6.7.3.1 Canada market estimates and forecast, 2020 - 2030
6.8 Europe
6.8.1 Europe. market estimates and forecast, 2020 - 2030
6.8.2 Germany
6.8.2.1 Germany market estimates and forecast, 2020 - 2030
6.8.3 U.K.
6.8.3.1 U.K. market estimates and forecast, 2020 - 2030
6.8.4 France
6.8.4.1 France market estimates and forecast, 2020 - 2030
6.8.5 Italy
6.8.5.1 Italy market estimates and forecast, 2020 - 2030
6.8.6 Spain
6.8.6.1 Spain market estimates and forecast, 2020 - 2030
6.9 Asia Pacific
6.9.1 Asia Pacific market estimates and forecast, 2020 - 2030
6.9.2 China
6.9.2.1 Market estimates and forecast, 2020 - 2030
6.9.3 Japan
6.9.3.1 Japan market estimates and forecast, 2020 - 2030
6.9.4 India
6.9.4.1 India. market estimates and forecast, 2020 - 2030
6.9.5 South Korea
6.9.5.1 South Korea market estimates and forecast, 2020 - 2030
6.10 Latin America
6.10.1 Latin America market estimates and forecast, 2020 - 2030
6.10.2 Brazil
6.10.2.1 Brazil market estimates and forecast, 2020 - 2030
6.10.3 Mexico
6.10.3.1 Market estimates and forecast, 2020 - 2030
6.10.4 Argentina
6.10.4.1 Argentina market estimates and forecast, 2015 - 2025
6.11 Middle East and Africa
6.11.1 Market estimates and forecast, 2020 - 2030
6.11.2 South Africa
6.11.2.1 South Africa market estimates and forecast, 2020 - 2030
6.11.3 Saudi Arabia
6.11.3.1 Saudi Arabia market estimates and forecast, 2020 - 2030
6.11.4 UAE
6.11.4.1 UAE market estimates and forecast, 2020 - 2030
Chapter 7 Magnetic Resonance Imaging Market: Competitive Market Analysis,
7.1 Recent Developments & Impact Analysis, By Key Market Participants
7.2 Company/Competition Categorization
7.2.1 Innovators
7.3 Vendor Landscape
7.3.1 List of Key Distributors and Channel Partners
7.3.2 Key customers
7.3.3 Key company market share analysis, 2020
7.4 Manufacturers
7.4.1 TracInnovations
7.4.2 Kineticor
7.5 OEM
7.5.1 Theia
7.6 New Entrants
7.6.1 Metria Innovations
List of Tables
Table 1 List of Abbreviations
Table 2 North America MRI Motion Tracking Systems market, by region, 2020 - 2030 (USD Million)
Table 3 North America MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 4 North America MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 5 U.S. MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 6 U.S. MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 7 Canada MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 8 Canada MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 9 Europe MRI Motion Tracking Systems market, by region, 2020 - 2030 (USD Million)
Table 10 Europe MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 11 Europe MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 12 U.K. MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 13 U.K. MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 14 Germany MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 15 Germany MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 16 Spain MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 17 Spain MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 18 France MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 19 France MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 20 Italy MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 21 Italy MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 22 Asia Pacific MRI Motion Tracking Systems market, by region, 2020 - 2030 (USD Million)
Table 23 Asia Pacific MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 24 Asia Pacific MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 25 China MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 26 China MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 27 India MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 28 India MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 29 Japan MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 30 Japan MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 31 South Korea MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 32 Latin America MRI Motion Tracking Systems market, by region, 2020 - 2030 (USD Million)
Table 33 Latin America MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 34 Latin America MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 35 Brazil MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 36 Mexico MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 37 Mexico MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 38 Argentina MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 39 Argentina MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 40 Columbia MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 41 Columbia MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 42 MEA MRI Motion Tracking Systems market, by region, 2020 - 2030 (USD Million)
Table 43 MEA MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 44 MEA MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 45 South Africa MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 46 South Africa MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
Table 47 Saudi Arabia MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 48 UAE MRI Motion Tracking Systems market, by type, 2020 - 2030 (USD Million)
Table 49 UAE MRI Motion Tracking Systems market, by product, 2020 - 2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Primary interviews in North America
Fig. 5 Primary interviews in Europe
Fig. 6 Primary interviews in APAC
Fig. 7 Primary interviews in Latin America
Fig. 8 Primary interviews in MEA
Fig. 9 Market research approaches
Fig. 10 Value-chain-based sizing & forecasting
Fig. 11 QFD modeling for market share assessment
Fig. 12 Market formulation & validation
Fig. 13 MRI Motion Tracking Systems market: market outlook
Fig. 14 MRI Motion Tracking Systems market competitive insights
Fig. 15 Parent market outlook
Fig. 16 Related/ancillary market outlook
Fig. 17 Penetration and growth prospect mapping
Fig. 18 Industry value chain analysis
Fig. 19 MRI Motion Tracking Systems market driver impact
Fig. 20 MRI Motion Tracking Systems market restraint impact
Fig. 21 MRI Motion Tracking Systems market strategic initiatives analysis
Fig. 22 MRI Motion Tracking Systems market: type movement analysis
Fig. 23 MRI Motion Tracking Systems market: type outlook and key takeaways
Fig. 24 Optical Tracking System market estimates and forecast, 2020 - 2030
Fig. 25 Software market estimates and forecast, 2020 - 2030
Fig. 26 MRI Motion Tracking Systems market: product movement analysis
Fig. 27 MRI Motion Tracking Systems market: product outlook and key takeaways
Fig. 28 Marker system market estimates and forecast, 2020 - 2030
Fig. 29 Markerless system market estimates and forecast, 2020 - 2030
Fig. 30 Global MRI Motion Tracking Systems market: Regional movement analysis
Fig. 31 Global MRI Motion Tracking Systems market: regional outlook and key takeaways
Fig. 32 Global market share and leading players
Fig. 33 North America market share and leading players
Fig. 34 Europe market share and leading players
Fig. 35 Asia Pacific market share and leading players
Fig. 36 Latin America market share and leading players
Fig. 37 Middle East & Africa market share and leading players
Fig. 38 North America: SWOT
Fig. 39 Europe SWOT
Fig. 40 Asia Pacific SWOT
Fig. 41 Latin America SWOT
Fig. 42 MEA SWOT
Fig. 43 North America, by country
Fig. 44 North America
Fig. 45 North America market estimates and forecast, 2020 - 2030
Fig. 46 U.S.
Fig. 47 U.S. market estimates and forecast, 2020 - 2030
Fig. 48 Canada
Fig. 49 Canada market estimates and forecast, 2020 - 2030
Fig. 50 Europe
Fig. 51 Europe. market estimates and forecast, 2020 - 2030
Fig. 52 U.K.
Fig. 53 U.K. market estimates and forecast, 2020 - 2030
Fig. 54 Germany
Fig. 55 Germany market estimates and forecast, 2020 - 2030
Fig. 56 France
Fig. 57 France market estimates and forecast, 2020 - 2030
Fig. 58 Italy
Fig. 59 Italy market estimates and forecast, 2020 - 2030
Fig. 60 Spain
Fig. 61 Spain market estimates and forecast, 2020 - 2030
Fig. 62 Asia Pacific market estimates and forecast, 2020 - 2030
Fig. 63 China
Fig. 64 China market estimates and forecast, 2020 - 2030
Fig. 65 Japan
Fig. 66 Japan market estimates and forecast, 2020 - 2030
Fig. 67 India
Fig. 68 India market estimates and forecast, 2020 - 2030
Fig. 69 South Korea
Fig. 70 South Korea market estimates and forecast, 2020 - 2030
Fig. 71 Latin America
Fig. 72 Latin America market estimates and forecast, 2020 - 2030
Fig. 73 Brazil
Fig. 74 Brazil market estimates and forecast, 2020 - 2030
Fig. 75 Mexico
Fig. 76 Mexico market estimates and forecast, 2020 - 2030
Fig. 77 Argentina
Fig. 78 Argentina market estimates and forecast, 2020 - 2030
Fig. 79 Middle East and Africa
Fig. 80 Middle East and Africa. market estimates and forecast, 2020 - 2030
Fig. 81 South Africa
Fig. 82 South Africa market estimates and forecast, 2020 - 2030
Fig. 83 Saudi Arabia
Fig. 84 Saudi Arabia market estimates and forecast, 2020 - 2030
Fig. 85 UAE
Fig. 86 UAE market estimates and forecast, 2020 - 2030
Fig. 87 Participant categorization - MRI Motion Tracking Systems market
Fig. 88 Market share of key market players - MRI Motion Tracking Systems market

Companies Mentioned

  • TracInnovations
  • Kineticor
  • Theia
  • Metria Innovations

Methodology

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Table Information