Global Magnetic Resonance Imaging Market size was valued at USD 7.2 Billion in 2024 and is expected to reach USD 15.6 Billion by 2033, at a CAGR of 6.7% during the forecast period 2024 – 2033.
Magnetic Resonance Imaging Market: Overview
Magnetic Resonance Imaging (MRI) is a noninvasive medical imaging method that produces detailed pictures of the body’s interior architecture. It uses a high magnetic field and radio waves to provide extremely clear pictures of tissues, organs, and other structures.
During an MRI scan, the patient lies within a big, cylindrical scanner while the magnetic field aligns the hydrogen atoms in the body. Radiofrequency pulses are subsequently administered, causing these atoms to generate signals that may be detected by the MRI machine’s sensors.
High-field MRI systems are becoming increasingly popular owing to their superior picture quality and diagnostic accuracy, particularly in neurology and cancer.
Furthermore, there is a growing emphasis on creating MRI-compatible interventional and surgical equipment, allowing for less invasive operations guided by real-time imaging. The third provision of sophisticated MRI methods that include functional MRI (fMRI) and diffusion tensor imaging (DTI) are becoming more widely used to examine brain function and connections.
Additionally, there is a tendency towards the integration of artificial intelligence (AI) and machine learning algorithms into MRI structures, allowing for quicker image capture, reconstruction, and interpretation.
Furthermore, there is a greater emphasis on patient comfort and enjoyment, resulting in developments like as wide-bore and open MRI systems. In general, these developments demonstrate a determined effort to improve imaging quality and broaden therapeutic uses.
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By product, the closed systems segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Closed MRI systems dominate the MRI industry because of their higher picture quality, low noise levels, and capacity to accommodate a wide spectrum of patients, making them the favored option for diagnostic imaging.
By field strength, the midfield strength segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Mid-field strength magnetic resonance imaging (MRI) systems are propelling the market because they strike a compromise between imaging quality and cost-effectiveness, making them appropriate for a wide variety of clinical uses.
By application, the brain and neurological segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Brain and neurological diseases demand regular diagnostic imaging, which drives the MRI industry. MRI’s enhanced ability to see soft tissues and detect anomalies makes it essential for diagnosing and monitoring neurological illnesses.
CMI has comprehensively analyzed the Global Magnetic Resonance Imaging market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Magnetic Resonance Imaging industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Magnetic Resonance Imaging Market:
- Siemens Healthineers
- GE Healthcare
- Philips Healthcare
- Canon Medical Systems Corporation
- Hitachi Medical Systems
- Hologic Inc.
- Esaote SpA
- Fonar Corporation
- Neusoft Medical Systems Co. Ltd.
- United Imaging Healthcare Co. Ltd.
- Time Medical Systems
- Aurora Imaging Technology Inc.
- Bruker Corporation
- Aspect Imaging Ltd.
- Mediso Medical Imaging Systems
- MR Solutions Ltd.
- IMRIS, Deerfield Imaging
- MR Instruments Inc.
- Paramed Medical Systems
- Shenzhen Basda Medical Apparatus Co. Ltd.
- Others
According to Custom Market Insights (CMI), The Global Electric Traction Motor Market Size was valued at USD 12 billion in 2021 and is expected to reach USD 12.2 billion in 2022, and is estimated to reach USD 24 billion by the end of 2030 at a CAGR of approximately 13% during the forecast period 2022-2030.
Our research report offers a 360-degree view of the Electric Traction Motor market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Electric Traction Motor market.
Electric Traction Motor Market: Overview
Traction motor-equipped vehicles are exclusively hybrid and battery-powered (BEVs). BEVs and HEVs have rapidly gained recognition in the global automotive industry by providing almost zero emissions and fuel efficiency at ever-lower prices. Around the world, numerous automakers are currently creating cutting-edge HEV and EV designs. For consumers to experience the best range and fuel economy, preventing electrical and magnetic losses is essential.
Browse the full “Electric Traction Motor Market Size, Trends and Insights By Type (AC motor, DC motor), By Power Rating (<200 kW, 200 kW to 400 kW, >400 kW), By Application (Electric Vehicles, Railways, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” report at https://www.custommarketinsights.com/report/electric-traction-motor-market/
Growth Factors
The market is expanding due to increased investments in electric vehicles and the growing adoption of energy-efficient motors. EV sales are increasing due to the traction motors’ high efficiency and low power consumption. Additionally, tight environmental regulations and emission limits to safeguard environmental sustainability fuel the demand for EVs, creating excellent conditions for market expansion.
A growing popular preference for zero-emission vehicles has resulted in a global boom in hybrid electric vehicle (HEV) sales. Therefore, the market would gain from the increased HEV production. The government is also implementing various schemes, like tax benefits and rebates, to boost EV sales, driving the market for EV traction motors.
Segmental Overview
The market for Electric Traction motors is segmented into type, power rating, and application. Railways, electric cars, and other applications make up the electric traction motor market. Elevators, industrial equipment, and conveyor belts are more examples. The electric vehicle segment is anticipated to develop faster during the projected period. The demand for effective traction motors is rising as more electric vehicles are on the road globally. Tesla, Mercedes, BMW, Daimler, Jaguar Land Rover, and Toyota are some of the top manufacturers that use traction motors.
The market for electric traction motors is divided into two types: AC and DC. The AC segment is anticipated to be the market’s largest by type for electric traction motors during the anticipated period. Electric cars, industrial machinery, and the rail industry frequently employ these motors for propulsion. Compared to DC motors, AC motors are more effective and simpler to manage.
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Regional Overview
The Asia Pacific region will lead the electric DC motor market in 2021. The expansion is anticipated to result from an increase in the use of electric vehicles (EVs) and a significant number of rail and metro projects in the continent’s developing nations, including China, India, Japan, and others. Due to its rapid urbanization, China intends to reduce the pollution from its road transport vehicles, which will spur the development of electric vehicles. These elements will influence future market statistics for electric transition motors in China.
In 2021, Europe ranked second after North America in terms of the use of electric traction motors. The need for electric traction motors in the area is rising along with the demand for electric automobiles.
Key Players Insights
A comprehensive study on the strategies adopted by the major players is included in our research report, along with the services offered, financial overview, SWOT analysis, and key developments and initiatives observed in the past three years. Further, we provide our clients with the leverage to modify the company list as per their requirements.
Some of the prominent players
- DiversyFund, Inc.
- Crowdestate AS
- Groundbreaker Technologies, Inc.
- Groundfloor Finance Inc.
- CrowdStreet, Inc.
- Fundrise, LLC
- RealCrowd, Inc.
- EstateGuru OÜ
- RM Technologies LLC.
- AHP Servicing LLC
Buy Now This Premium Report @ https://www.custommarketinsights.com/checkout/?reportid=18558
About Us:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains. Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
Contact Us:
USA Corporate OfficeCMI Consulting LLC
1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702
Sales & Support +1 801 639 9061Email : support@custommarketinsights.com
Website : https://www.custommarketinsights.com/
According to Custom Market Insights (CMI), The Global Electric Traction Motor Market Size was valued at USD 12 billion in 2021 and is expected to reach USD 12.2 billion in 2022, and is estimated to reach USD 24 billion by the end of 2030 at a CAGR of approximately 13% during the forecast period 2022-2030.
Our research report offers a 360-degree view of the Electric Traction Motor market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Electric Traction Motor market.
Electric Traction Motor Market: Overview
Traction motor-equipped vehicles are exclusively hybrid and battery-powered (BEVs). BEVs and HEVs have rapidly gained recognition in the global automotive industry by providing almost zero emissions and fuel efficiency at ever-lower prices. Around the world, numerous automakers are currently creating cutting-edge HEV and EV designs. For consumers to experience the best range and fuel economy, preventing electrical and magnetic losses is essential.
Browse the full “Electric Traction Motor Market Size, Trends and Insights By Type (AC motor, DC motor), By Power Rating (<200 kW, 200 kW to 400 kW, >400 kW), By Application (Electric Vehicles, Railways, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” report at https://www.custommarketinsights.com/report/electric-traction-motor-market/
Growth Factors
The market is expanding due to increased investments in electric vehicles and the growing adoption of energy-efficient motors. EV sales are increasing due to the traction motors’ high efficiency and low power consumption. Additionally, tight environmental regulations and emission limits to safeguard environmental sustainability fuel the demand for EVs, creating excellent conditions for market expansion.
A growing popular preference for zero-emission vehicles has resulted in a global boom in hybrid electric vehicle (HEV) sales. Therefore, the market would gain from the increased HEV production. The government is also implementing various schemes, like tax benefits and rebates, to boost EV sales, driving the market for EV traction motors.
Segmental Overview
The market for Electric Traction motors is segmented into type, power rating, and application. Railways, electric cars, and other applications make up the electric traction motor market. Elevators, industrial equipment, and conveyor belts are more examples. The electric vehicle segment is anticipated to develop faster during the projected period. The demand for effective traction motors is rising as more electric vehicles are on the road globally. Tesla, Mercedes, BMW, Daimler, Jaguar Land Rover, and Toyota are some of the top manufacturers that use traction motors.
The market for electric traction motors is divided into two types: AC and DC. The AC segment is anticipated to be the market’s largest by type for electric traction motors during the anticipated period. Electric cars, industrial machinery, and the rail industry frequently employ these motors for propulsion. Compared to DC motors, AC motors are more effective and simpler to manage.
Get Free Sample Copy @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=18558
Regional Overview
The Asia Pacific region will lead the electric DC motor market in 2021. The expansion is anticipated to result from an increase in the use of electric vehicles (EVs) and a significant number of rail and metro projects in the continent’s developing nations, including China, India, Japan, and others. Due to its rapid urbanization, China intends to reduce the pollution from its road transport vehicles, which will spur the development of electric vehicles. These elements will influence future market statistics for electric transition motors in China.
In 2021, Europe ranked second after North America in terms of the use of electric traction motors. The need for electric traction motors in the area is rising along with the demand for electric automobiles.
Key Players Insights
A comprehensive study on the strategies adopted by the major players is included in our research report, along with the services offered, financial overview, SWOT analysis, and key developments and initiatives observed in the past three years. Further, we provide our clients with the leverage to modify the company list as per their requirements.
Some of the prominent players
- DiversyFund, Inc.
- Crowdestate AS
- Groundbreaker Technologies, Inc.
- Groundfloor Finance Inc.
- CrowdStreet, Inc.
- Fundrise, LLC
- RealCrowd, Inc.
- EstateGuru OÜ
- RM Technologies LLC.
- AHP Servicing LLC
Buy Now This Premium Report @ https://www.custommarketinsights.com/checkout/?reportid=18558
About Us:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains. Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
Contact Us:
USA Corporate OfficeCMI Consulting LLC
1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702
Sales & Support +1 801 639 9061Email : support@custommarketinsights.com
Website : https://www.custommarketinsights.com/
Table of Contents:https://www.custommarketinsights.com/report/magnetic-resonance-imaging-market/#table-of-contents
About Us:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
Contact Us:
USA Corporate Office
CMI Consulting LLC
1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702
Sales & Support +1 801 639 9061
Email : support@custommarketinsights.com
Website : https://www.custommarketinsights.com/
