In case of some patients, there is a requirement of ventilators during transport and MRI procedures. The regular ventilators face compatibility issues with the MRI machine due to their ferromagnetic components. Lack of compatibility leads to image disruption, lack of efficient functioning of ventilators. There is an increase in demand of MRI compatible ventilators generated due to the abilities of the MRI to identify abnormalities, injuries, malfunction of various body organs.
It is preferred compared to other diagnostic devices using ionizing radiations. This increases the demand of MRI compatible ventilators. Owing to its safety issues and efficiency MRI has generated demand and has a growing demand for MRI compatible ventilators. There is a growing need for ventilators which do not contain ferromagnetic components which is a key driver of MRI compatible market.
The increasing number of organ failures, malfunctioning of the body system is a major driver of MRI compatible market. There has been a quantitative increase in the number of patients susceptible to breathing problems. This condition is fuelling the demand for MRI compatible ventilators.
Many technicality issues have generated due to lack of compatibility of conventional ventilators clubbed with MRI. These ventilators are increase safety issues of patients, disruption of image quality and other technical faults. These faults are some major concerns regarding patients and need a solution, this triggers the growth of MRI compatible ventilators. There is an increase in the number of patients having abnormalities and malfunctioning in the brain, spinal cord and the entire central nervous system. This condition is propelling the market of MRI compatible ventilators. The MRI compatible ventilators have replaced ferromagnetic components with non-ferromagnetic components such as aluminum as it prevents the tampering of ferromagnetic components with magnetic resonance hence, driving the demand for MRI compatible ventilators.
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The global MRI compatible ventilators market is expected to be dominated by The North America due to the higher prevalence of novel diagnostic approaches. The population of The United States has more access to medical imaging techniques. This nation could be a profitable market for MRI compatible ventilators. Medical imaging in spinal cord injuries and abnormalities were majorly observed in North America. Europe also has a prevalence of medical imaging and MRI is the safest technique in medical imaging due to no usage of ionizing radiations in the process. Europe can be market generating significant demand for MRI compatible ventilators. Asia-Pacific is anticipated to be a potential market for MRI compatible ventilators due to its highly populated regions such as India and China. There is higher demand generated by the population and a lucrative market for MRI compatible ventilators. The Middle East and Africa also have increased awareness of new addition to medical imaging techniques and need for safer options and hence, can be a potential market for MRI compatible ventilators in the forecast period.
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The key participants operating in the global MRI compatible ventilators market are: Hamilton Medical, Airon Corporations, Smiths Medical Inc., CWE, MRIequip.com™, Medical Support Products, tri-anim Health Services, VYAIRE MEDICAL Inc., World Precision Instruments and Bio-Med Devices.
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The report covers exhaustive analysis on:
- MRI compatible ventilators Market Segments
- MRI compatible ventilators Market Dynamics
- Historical Actual Market Size, 2013 - 2017
- MRI compatible ventilators Market Size & Forecast 2018 to 2024
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size recent industry trends
- Key Competition landscape
- Strategies for key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance