Market Overview:
The global magnetic particle imaging (MPI) market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The MPI scanner segment is expected to dominate the market during the forecast period. The growth of this segment can be attributed to the increasing demand for MPI scanners for various applications such as blood pool imaging, cell tracking, oncology, neuroimaging and localized hyperthermia. North America is expected to lead the global MPI market in terms of revenue during the forecast period.
Product Definition:
Magnetic particle imaging (MPI) is a medical diagnostic imaging technique used to detect and localize magnetic particles in the body. The particles, which are typically iron oxide nanoparticles, are injected into the body and attach to areas of interest, such as tumors or lesions. MPI uses a strong magnetic field to generate images of the particles from which tissue structure can be inferred. MPI has several advantages over other imaging techniques such as X-ray computed tomography (CT) or positron emission tomography (PET): it is non-invasive, does not use ionizing radiation, and produces high-resolution images.
Tracer:
Magnetic particle imaging (MPI) is a diagnostic medical procedure used to detect the presence of microorganisms in the blood. It works by detecting magnetic particles, which are naturally present in the blood. These particles get attracted to tumor cells and bacteria due to their chemical properties and can be tracked in real-time on an MRI scan.
MPI Scanner:
The MPI scanner is a device used to detect and measure magnetic particles. It works on the principle of induction by using a coil for detecting the presence of magnetic particles in a suspension, gas or liquid. The intensity of the current fluctuations observed is directly proportional to the number density of magnetic particles present in unit volume.
Application Insights:
Based on application, the market is segmented into blood pool imaging, cell tracking, oncology, neuroimaging and localized hyperthermia. Blood pool imaging was estimated as the largest segment in 2017 owing to its wide applications in various fields such as cancer research and diagnosis. It also has a high preference for tumor angiogenesis studies which further boosts its demand.
Cell tracking is expected to be one of the fastest-growing segments during the forecast period due to its rising adoption in various research areas such as stem cells & regenerative medicine or drug development & toxicology testing. The availability of low cost scanners increases accessibility towards these technologies which eventually leads towards an increased adoption rate over other techniques available out there at present time.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of key players, increased research & development activities, and high healthcare expenditure in this region. Moreover, increasing prevalence of cancer and other chronic diseases is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising disposable income coupled with growing awareness about advanced treatment options for various medical conditions such as cancer and brain tumor. In addition, government initiatives encouraging R&D activities are likely to contribute toward industry expansion over the next eight years (from 2018 To 2030). For instance, ‘India’sMIT’ initiative by Ministry of Technology & Science aimed at promoting innovation through technology transfer has collaborated with Massachusetts Institute of Technology (MIT) for developing novel technologies that can be commercialized at an early stage thereby contributing significantly toward industry expansion.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Magnetic particle imaging is a non-invasive technique that helps in the diagnosis of various medical conditions. This, in turn, is driving the demand for magnetic particle imaging market.
- Growing number of research and development activities: The growing number of research and development activities for the development of new applications for magnetic particle imaging is another major growth driver for this market.
- Rising prevalence of chronic diseases: The rising prevalence of chronic diseases such as cancer, cardiovascular diseases, and neurological disorders is also propelling the growth of this market.
- Technological advancements: The technological advancements in magnetic particle imaging are helping to expand its application areas which is further fuelling the growth prospects of this market . 5) increasing awareness about benefits offered by MPI over other diagnostic techniques.:The growing awareness about benefits offered by MPI over other diagnostic techniques is another key factor fuelling the growth prospects
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Particle Imaging Market Research Report
By Type
Tracer, MPI Scanner, Others
By Application
Blood Pool Imaging, Cell Tracking, Oncology, Neuroimaging, Localized Hyperthermia, Others
By Companies
Bruker, Magnetic Insight
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Particle Imaging Market Report Segments:
The global Magnetic Particle Imaging market is segmented on the basis of:
Types
Tracer, MPI Scanner, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Blood Pool Imaging, Cell Tracking, Oncology, Neuroimaging, Localized Hyperthermia, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bruker
- Magnetic Insight
Highlights of The Magnetic Particle Imaging Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tracer
- MPI Scanner
- Others
- By Application:
- Blood Pool Imaging
- Cell Tracking
- Oncology
- Neuroimaging
- Localized Hyperthermia
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Magnetic Particle Imaging Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Magnetic particle imaging (MPI) is a medical imaging technique that uses powerful magnets to create images of the inside of the body. MPI can be used to diagnose and treat a variety of medical conditions, including cancer.
Some of the major companies in the magnetic particle imaging market are Bruker, Magnetic Insight.
The magnetic particle imaging market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetic Particle Imaging Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Magnetic Particle Imaging Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Magnetic Particle Imaging Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Magnetic Particle Imaging Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Magnetic Particle Imaging Market Size & Forecast, 2018-2028 4.5.1 Magnetic Particle Imaging Market Size and Y-o-Y Growth 4.5.2 Magnetic Particle Imaging Market Absolute $ Opportunity
Chapter 5 Global Magnetic Particle Imaging Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Magnetic Particle Imaging Market Size Forecast by Type
5.2.1 Tracer
5.2.2 MPI Scanner
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetic Particle Imaging Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Magnetic Particle Imaging Market Size Forecast by Applications
6.2.1 Blood Pool Imaging
6.2.2 Cell Tracking
6.2.3 Oncology
6.2.4 Neuroimaging
6.2.5 Localized Hyperthermia
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic Particle Imaging Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Magnetic Particle Imaging Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Magnetic Particle Imaging Analysis and Forecast
9.1 Introduction
9.2 North America Magnetic Particle Imaging Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Magnetic Particle Imaging Market Size Forecast by Type
9.6.1 Tracer
9.6.2 MPI Scanner
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Magnetic Particle Imaging Market Size Forecast by Applications
9.10.1 Blood Pool Imaging
9.10.2 Cell Tracking
9.10.3 Oncology
9.10.4 Neuroimaging
9.10.5 Localized Hyperthermia
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Magnetic Particle Imaging Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetic Particle Imaging Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Magnetic Particle Imaging Market Size Forecast by Type
10.6.1 Tracer
10.6.2 MPI Scanner
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Magnetic Particle Imaging Market Size Forecast by Applications
10.10.1 Blood Pool Imaging
10.10.2 Cell Tracking
10.10.3 Oncology
10.10.4 Neuroimaging
10.10.5 Localized Hyperthermia
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Magnetic Particle Imaging Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetic Particle Imaging Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Magnetic Particle Imaging Market Size Forecast by Type
11.6.1 Tracer
11.6.2 MPI Scanner
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Magnetic Particle Imaging Market Size Forecast by Applications
11.10.1 Blood Pool Imaging
11.10.2 Cell Tracking
11.10.3 Oncology
11.10.4 Neuroimaging
11.10.5 Localized Hyperthermia
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Magnetic Particle Imaging Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetic Particle Imaging Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Magnetic Particle Imaging Market Size Forecast by Type
12.6.1 Tracer
12.6.2 MPI Scanner
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Magnetic Particle Imaging Market Size Forecast by Applications
12.10.1 Blood Pool Imaging
12.10.2 Cell Tracking
12.10.3 Oncology
12.10.4 Neuroimaging
12.10.5 Localized Hyperthermia
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Magnetic Particle Imaging Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetic Particle Imaging Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Magnetic Particle Imaging Market Size Forecast by Type
13.6.1 Tracer
13.6.2 MPI Scanner
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Magnetic Particle Imaging Market Size Forecast by Applications
13.10.1 Blood Pool Imaging
13.10.2 Cell Tracking
13.10.3 Oncology
13.10.4 Neuroimaging
13.10.5 Localized Hyperthermia
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Magnetic Particle Imaging Market: Competitive Dashboard
14.2 Global Magnetic Particle Imaging Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bruker
14.3.2 Magnetic Insight