MRI Motion Tracking Systems Market Growth & Trends
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 a new report by Grand View Research, Inc. 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, the patient’s head must 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 saves 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.
The 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 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.
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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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