Market Overview:
The global magnetic resonance imaging (MRI) compatible ventilator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of respiratory diseases, growing demand for MRI-compatible ventilators in hospitals and other healthcare facilities, and technological advancements in MRI-compatible ventilators. Based on static field strength, the global magnetic resonance imaging (MRI) compatible ventilator market can be segmented into 1.5T static field strength, 3T static field strength, and 5T static field strength segments.
 Compatible Ventilator Industry Outlook.svg)
Product Definition:
A MRI Compatible Ventilator is a ventilator designed to protect the patient from the powerful magnetic field used in Magnetic Resonance Imaging (MRI) machines. The importance of a MRI Compatible Ventilator is that it prevents the patient from being injured by the magnetic field and ensures that they receive proper ventilation during an MRI scan.
1.5T Static Field Strength:
1.5T static field strength is the magnetic field strength which can be experienced by a patient when he/she is placed in the machine without any motion. The 1.5T MRI compatible ventilator has been designed especially for patients who need to go under anesthesia for a long-time and cannot withstand high magnetic fields during induction or maintenance of anesthesia, also known as Anesthesia Equilibration Therapy (AET).
3T Static Field Strength:
3T static field strength is the maximum tolerated intensity of static magnetic field which can be sustained by a patient with normal lungs for 30 minutes without causing any discomfort. It is used as an index to measure lung capacity in patients with respiratory disorders such as cystic fibrosis, asthma, and pneumonia.
The 3T static field strength has been reported to be more than adequate for providing useful information about lung function in both sedentary and active smokers (1).
Application Insights:
MRI compatible ventilators find applications in various healthcare sectors such as hospitals, emergency centers, pet hospitals and others. The hospital application segment accounted for the largest share of over 50% in 2017 owing to the high demand for ventilation support at a time when deaths due to respiratory failure are on rise. According to data published by CDC, an estimated 35-50 million people suffer from chronic bronchitis across the globe which is expected to increase with age and result in increased use of ventilation equipment.
The emergency center application segment is expected register significant growth over the forecast period owing to increasing cases of trauma & critical care conditions requiring advanced life support measures such as endotracheal tubes & mechanical ventilation that require MRI compatible ventilators during treatment process. In addition, growing awareness about emergencies along with rising availability of advanced diagnostic imaging systems will further boost market growth over next few years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of well-established healthcare facilities, quick adoption of advanced technologies, and high per capita expenditure on healthcare. The U.S.
On the other hand, Asia Pacific is expected to grow at a lucrative rate over the forecast period due to increasing awareness regarding benefits of magnetic resonance imaging in developing countries such as India and China along with growing demand for technologically advanced products from rapidly expanding medical tourism industry in these countries. Furthermore, rising number of cardiac arrests resulting from unhealthy lifestyles will drive growth further.
Growth Factors:
- Increasing demand for MRI compatible ventilators due to rising incidence of respiratory diseases.
- Growing awareness about the benefits of MRI compatible ventilators among healthcare professionals and patients.
- Technological advancements in MRI compatible ventilators that offer enhanced performance and safety features.
- Rising number of hospitals and diagnostic centers that are using MRI compatible ventilators for respiratory care needs of patients.
Scope Of The Report
Report Attributes
Report Details
Report Title
Magnetic Resonance Imaging (MRI) Compatible Ventilator Market Research Report
By Type
1.5T Static Field Strength, 3T Static Field Strength, 5T Static Field Strength
By Application
Hospital, Emergency Center, Pet Hospital, Others
By Companies
Hamilton Medical, Airon, Smiths Medical, CWE, MRIequip, Vyaire Medical, World Precision Instruments, Getinge, Draeger, Medtronic, Siare
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Magnetic Resonance Imaging (MRI) Compatible Ventilator Market Report Segments:
The global Magnetic Resonance Imaging (MRI) Compatible Ventilator market is segmented on the basis of:
Types
1.5T Static Field Strength, 3T Static Field Strength, 5T Static Field Strength
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
Hospital, Emergency Center, Pet Hospital, 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:
- Hamilton Medical
- Airon
- Smiths Medical
- CWE
- MRIequip
- Vyaire Medical
- World Precision Instruments
- Getinge
- Draeger
- Medtronic
- Siare
 Compatible Ventilator Market Overview.svg)
Highlights of The Magnetic Resonance Imaging (MRI) Compatible Ventilator 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:
- 1.5T Static Field Strength
- 3T Static Field Strength
- 5T Static Field Strength
- By Application:
- Hospital
- Emergency Center
- Pet Hospital
- 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 Resonance Imaging (MRI) Compatible Ventilator 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Compatible Ventilator Market Statistics.svg)
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 Resonance Imaging (MRI) is a type of medical imaging that uses strong magnetic fields and radio waves to create detailed images of the body. MRI is generally safe and effective, but like all medical procedures there can be some risks associated with it. Some people who are considered to be potentially sensitive to magnetic fields may experience symptoms such as headaches, nausea, or dizziness when they are exposed to an MRI scanner. If you are concerned about your ability to tolerate an MRI scan, please speak with your doctor before scheduling one.
Some of the major companies in the magnetic resonance imaging (mri) compatible ventilator market are Hamilton Medical, Airon, Smiths Medical, CWE, MRIequip, Vyaire Medical, World Precision Instruments, Getinge, Draeger, Medtronic, Siare.
The magnetic resonance imaging (mri) compatible ventilator market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Magnetic Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Magnetic Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator Market Size & Forecast, 2018-2028
4.5.1 Magnetic Resonance Imaging (MRI) Compatible Ventilator Market Size and Y-o-Y Growth
4.5.2 Magnetic Resonance Imaging (MRI) Compatible Ventilator Market Absolute $ Opportunity
Chapter 5 Global Magnetic Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Type
5.2.1 1.5T Static Field Strength
5.2.2 3T Static Field Strength
5.2.3 5T Static Field Strength
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Magnetic Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Emergency Center
6.2.3 Pet Hospital
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Magnetic Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator Analysis and Forecast
9.1 Introduction
9.2 North America Magnetic Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Type
9.6.1 1.5T Static Field Strength
9.6.2 3T Static Field Strength
9.6.3 5T Static Field Strength
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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Emergency Center
9.10.3 Pet Hospital
9.10.4 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 Resonance Imaging (MRI) Compatible Ventilator Analysis and Forecast
10.1 Introduction
10.2 Europe Magnetic Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Type
10.6.1 1.5T Static Field Strength
10.6.2 3T Static Field Strength
10.6.3 5T Static Field Strength
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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Emergency Center
10.10.3 Pet Hospital
10.10.4 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 Resonance Imaging (MRI) Compatible Ventilator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Magnetic Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Type
11.6.1 1.5T Static Field Strength
11.6.2 3T Static Field Strength
11.6.3 5T Static Field Strength
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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Emergency Center
11.10.3 Pet Hospital
11.10.4 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 Resonance Imaging (MRI) Compatible Ventilator Analysis and Forecast
12.1 Introduction
12.2 Latin America Magnetic Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Type
12.6.1 1.5T Static Field Strength
12.6.2 3T Static Field Strength
12.6.3 5T Static Field Strength
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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Emergency Center
12.10.3 Pet Hospital
12.10.4 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 Resonance Imaging (MRI) Compatible Ventilator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Magnetic Resonance Imaging (MRI) Compatible Ventilator 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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Type
13.6.1 1.5T Static Field Strength
13.6.2 3T Static Field Strength
13.6.3 5T Static Field Strength
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 Resonance Imaging (MRI) Compatible Ventilator Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Emergency Center
13.10.3 Pet Hospital
13.10.4 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 Resonance Imaging (MRI) Compatible Ventilator Market: Competitive Dashboard
14.2 Global Magnetic Resonance Imaging (MRI) Compatible Ventilator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hamilton Medical
14.3.2 Airon
14.3.3 Smiths Medical
14.3.4 CWE
14.3.5 MRIequip
14.3.6 Vyaire Medical
14.3.7 World Precision Instruments
14.3.8 Getinge
14.3.9 Draeger
14.3.10 Medtronic
14.3.11 Siare
