Brain Pet MRI System Market Overview
As per MRFR analysis, the brain pet MRI system market size was estimated at 2.02 (USD Billion) in 2022. The brain pet MRI system market industry is expected to grow from 2.4(USD Billion) in 2023 to 11.4 (USD Billion) by 2032. The brain pet MRI system market CAGR (growth rate) is expected to be around 18.91% during the forecast period (2024-2032).
Key Brain Pet MRI System Market Trends Highlighted
The brain pet MRI system market is driven by rising prevalence of neurological disorders, increasing demand for minimally invasive diagnostic procedures, and advancements in nuclear medicine imaging techniques. Growing geriatric population, surging healthcare expenditure, and government initiatives to promote advanced healthcare infrastructure further contribute to market growth.
Key market trends include the integration of artificial intelligence (AI) and machine learning (ML) for enhanced image analysis, development of hybrid systems combining PET and MRI capabilities, and increasing adoption of mobile and portable pet MRI systems. The rise of personalized medicine and precision diagnostics is also creating new opportunities for brain pet MRI systems in targeted therapies.
Recent advancements have focused on reducing scan time, improving image quality, and enhancing diagnostic accuracy. Research efforts are ongoing to explore the use of pet MRI in neurodegenerative diseases, psychiatric disorders, and cancer diagnosis. The market is expected to witness continued growth in the coming years, driven by technological advancements and increasing demand for non-invasive and accurate diagnostic tools in neurology and oncology.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Brain Pet MRI System Market Drivers
Increasing Prevalence of Neurological Disorders in Pets
One of the major driving factors of the Global Brain Pet MRI System Market is the increasing frequency of neurological disorders in companion animals. These are the types of disorders that affect the brain, spinal cord, and nerves, and can lead to the occurrence of different such symptoms as seizures, tremors, behavioural changes, and mobility issues.
According to The American Veterinary Medical Association, the neurological disorders take one of the first places in the list of the most common health concerns of the pets, especially of the older ones. Due to the process of the global aging of pets, the inclination towards the application of the up-to-the-minute diagnostic imaging techniques, such as the MRI systems, is expected to increase.
Technological Advancements and Innovation
Continuous technological advancements and innovation are also propelling the global brain pet MRI system market. MRI systems have witnessed significant enhancements to provide better image quality, faster scanning, and patient comfort. The development of open MRI systems has reduced anxiety and claustrophobia of pets, further augmenting the market share.
Technologically advanced software and image analysis have improved competencies, aiding accurate and comprehensive diagnosis. Hence, numerous service providers are adopting MRI systems, influencing the market as such.
Growing Awareness and Acceptance of Advanced Veterinary Care
A growing awareness and acceptance of advanced veterinary care among pet owners is another key driver of the global brain pet MRI system market. Pet owners are becoming increasingly knowledgeable about the benefits of MRI scans in diagnosing and managing neurological disorders in their pets.
This increased awareness is being fueled by educational campaigns, veterinary conferences, and online resources that provide information about the importance of early diagnosis and treatment. As a result, pet owners are more likely to seek MRI scans for their pets when neurological symptoms arise, driving the demand for these systems in veterinary clinics and hospitals.
Brain Pet MRI System Market Segment Insights
Brain Pet MRI System Market Type Insights
The global brain pet MRI system market is segmented into standing MRI and supine MRI based on type. The standing MRI segment accounted for a larger revenue share in 2022 and is projected to maintain its dominance throughout the forecast period.
The growing adoption of standing MRI systems in clinical settings is primarily attributed to their advantages over supine MRI systems. Standing MRI systems offer a more natural and comfortable scanning experience for patients, as they can stand upright during the scan. This is particularly beneficial for patients who experience claustrophobia or anxiety in confined spaces.
Additionally, standing MRI systems provide a wider field of view, enabling better visualization of anatomical structures and reducing the need for multiple scans. The supine MRI segment, on the other hand, is expected to witness a steady growth rate during the forecast period.
Supine MRI systems remain widely used in hospitals and clinics due to their lower cost and established infrastructure. However, the increasing demand for advanced imaging capabilities and patient comfort is driving the shift towards standing MRI systems, which are expected to replace supine MRI systems in certain applications.
The type segment of the global brain pet MRI system market presents a competitive landscape with both standing MRI and supine MRI systems catering to specific clinical needs. The growing adoption of standing MRI systems is expected to drive market growth in the coming years, while supine MRI systems will continue to hold a significant market share due to their established presence and cost-effectiveness.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Brain Pet MRI System Market Imaging Techniques Insights
The growth of this segment is attributed to the increasing adoption of advanced imaging techniques for the diagnosis and treatment of brain disorders in pets. T1-Weighted Imaging (T1WI) is a commonly used imaging technique that provides detailed anatomical information. It is used to visualize the brain's structure and identify any abnormalities, such as tumors or lesions. T2-Weighted Imaging (T2WI) is another widely used technique that provides information about the brain's water content. It is used to detect inflammation, edema, and other fluid-related abnormalities.
Flair imaging is a specialized imaging technique that suppresses the signal from cerebrospinal fluid (CSF), making it easier to visualize the brain's white matter. It is used to detect subtle abnormalities in the brain's white matter, such as those caused by multiple sclerosis or stroke.
Diffusion Tensor Imaging (DTI) is an advanced imaging technique that measures the diffusion of water molecules in the brain. It is used to assess the integrity of the brain's white matter tracts and identify abnormalities that may be associated with neurological disorders.
Magnetization transfer imaging (MTI) is another advanced imaging technique that provides information about the brain's myelin content. It is used to detect demyelination, a process that occurs in multiple sclerosis and other neurological disorders.
Brain Pet MRI System Market End User Insights
The end user segment of the global brain pet MRI system market encompasses veterinary hospitals, veterinary clinics, and research institutions. Veterinary hospitals account for a significant share of the market revenue due to the increasing prevalence of pet ownership and rising demand for advanced diagnostic imaging techniques. Veterinary Clinics contribute to the market growth by providing routine diagnostic services to many pets.
Research institutions drive innovation in the market by conducting studies on brain imaging technologies and their applications in veterinary medicine. The global brain pet MRI system market is expected to witness steady growth in the coming years, driven by the increasing adoption of MRI systems in veterinary practices and the growing awareness of pet health and well-being.
Brain Pet MRI System Market Operating Field Strength Insights
The global brain pet MRI system market segmentation by operating field strength includes 0.2T, 0.3T, 0.5T, 1.0T, 1.5T, 3.0T, and 7.0T. Among these, the 1.5T segment held the largest share of the global brain pet MRI system market revenue in 2023, and it is expected to continue its dominance during the forecast period.
The 3.0T segment is also expected to grow significantly due to its high resolution and image quality. The 7.0T segment is still in its early stages of development, but it has the potential to revolutionize the field of brain imaging.
Brain Pet MRI System Market Regional Insights
The global brain pet MRI system market is expected to reach a valuation of USD 11.4 billion by 2032, exhibiting a CAGR of 18.91% during the forecast period. Regionally, North America held the largest market share in 2023, accounting for over 40% of the global revenue.
The region's dominance can be attributed to the presence of well-established healthcare infrastructure, high adoption of advanced medical technologies, and increasing awareness about pet health. Europe followed North America, capturing a significant portion of the market share, driven by increasing pet ownership rates and rising demand for specialized veterinary care.
APAC is projected to witness the fastest growth during the forecast period, owing to the growing middle-class population, rising disposable income, and increasing pet adoption rates. South America and MEA are expected to contribute steadily to the global market growth, fueled by improving economic conditions and increasing investments in veterinary infrastructure.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Brain Pet MRI System Market Key Players and Competitive Insights:
Major players in the brain pet MRI system market are constantly innovating and introducing advanced technologies to cater to the evolving needs of the market. Leading players are focusing on developing systems with higher resolution, faster scan times, and improved image quality.
Moreover, the brain pet MRI system market development is being driven by the growing demand for non-invasive and accurate diagnostic imaging techniques, especially in veterinary medicine. The landscape is characterized by the presence of global and regional players, each with their unique strengths and offerings.
Some of the notable players in the market include Esaote, General Electric, Siemens Healthineers, Philips Healthcare, and Hitachi Medical Systems. These companies are actively engaged in research and development, product launches, and strategic partnerships to maintain their competitive edge.
Esaote, a leading player in the brain pet MRI system market, offers a comprehensive range of MRI systems tailored for veterinary use. The company's MRI systems are known for their high performance, reliability, and user-friendliness. Esaote's commitment to innovation is evident in its development of cutting-edge technologies such as the G-scan, which enables fast and artifact-free imaging. The company has a strong global presence and a dedicated team of experts providing training and support to its customers.
Another prominent player is General Electric. GE Healthcare offers a wide portfolio of MRI systems for veterinary applications, including the Discovery MR750w and the Signa Voyager. GE's MRI systems are designed to provide high-quality images with fast scan times, enabling veterinarians to accurately diagnose and treat a variety of conditions.
GE’s commitment to research and development has resulted in the development of advanced technologies such as AIR Recon DL, which utilizes artificial intelligence to improve image quality and reduce scan times. GE Healthcare has a strong global presence and a network of authorized distributors and service providers.
Key Companies in the Brain Pet MRI System Market Include
Brain Pet MRI System Market Developments
The global brain pet MRI system market is poised to witness robust growth, with an estimated valuation of 2.4 billion USD in 2023 and projected to reach 11.4 billion USD by 2032, exhibiting a CAGR of 18.91%. Advancements in medical imaging technologies, rising prevalence of neurological disorders in pets, and increasing pet ownership are driving market expansion.
Key industry players are focusing on product innovation, strategic collaborations, and geographical expansion to capitalize on growth opportunities. Recent developments include the launch of advanced MRI systems with improved image quality and reduced scan times.
These systems offer veterinarians enhanced diagnostic capabilities for early detection and precise treatment planning. The market is expected to witness continued technological advancements and increased adoption of Brain Pet MRI systems in veterinary clinics and hospitals worldwide.
Brain Pet MRI System Market Segmentation Insights
Brain Pet MRI System Market Type Outlook
Brain Pet MRI System Market Imaging Techniques Outlook
Brain Pet MRI System Market End User Outlook
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Veterinary Hospitals
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Veterinary Clinics
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Research Institutions
Brain Pet MRI System Market Operating Field Strength Outlook
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0.2T
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0.3T
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0.5T
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1.0T
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1.5T
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3.0T
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7.0T
Brain Pet MRI System Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
2.02 (USD Billion) |
| Market Size 2023 |
2.4 (USD Billion) |
| Market Size 2032 |
11.4 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
18.91% (2024-2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019-2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Esaote, Mindray, GE Healthcare, Lanonics, Skylight Medical Technologies, Siemens Healthineers, Neusoft Medical Systems, Longwood Medical Imaging, United Imaging Healthcare, Samsung Electronics, Philips Healthcare, Hitachi, Toshiba Medical Systems, Canon Medical Systems |
| Segments Covered |
Type, Imaging Techniques, End User, Operating Field Strength, Region |
| Key Market Opportunities |
Increasing pet adoption Technological advancements Growing prevalence of neurological diseases in pets Government initiatives supporting animal healthcare Rising demand for noninvasive diagnostic imaging |
| Key Market Dynamics |
Rising demand for early diagnosis Technological advancements Increasing prevalence of neurological disorders Growing pet ownership Government initiatives |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global brain pet MRI system market is estimated to reach USD 11.4 billion by 2032, growing at a CAGR of 18.91% from 2023 to 2032.
North America is expected to hold the largest market share in the global brain pet MRI system market throughout the forecast period.
Rising prevalence of neurological disorders in pets, technological advancements, and increasing awareness about pet health are key factors driving the growth of the global brain pet MRI system market.
Brain pet MRI systems are primarily used for diagnosing and monitoring neurological disorders in pets, such as brain tumors, strokes, and epilepsy.
Key competitors in the Global Brain Pet MRI System Market include GE Healthcare, Siemens Healthineers, Philips Healthcare, Esaote, and Hitachi Medical Systems.
The global brain pet MRI system market is expected to grow at a CAGR of 18.91% from 2023 to 2032.
High cost of brain pet MRI systems and limited availability of skilled professionals are key challenges faced by the market.
Technological advancements, increasing awareness about pet health, and growing demand for advanced diagnostic imaging systems present significant opportunities for growth in the global brain pet MRI system market.
The COVID-19 pandemic had a moderate impact on the global brain pet MRI system market. However, the market is expected to recover and continue growing in the coming years.
Key trends include the adoption of advanced technologies, such as artificial intelligence and machine learning, and the development of portable and affordable brain pet MRI systems.
