Global MRI Guided Drug Delivery Market Growth 2024-2030

Global MRI Guided Drug Delivery Market Growth 2024-2030

MRI guided drug delivery or magnetic resonance guided drug delivery is a part of an advanced drug delivery system that helps transport a therapeutic agent from the site of administration to the targeted area. High intensity focused ultrasound (HIFU) is a non-invasive and non-ionizing sonic energy-based therapeutic technology for inducing thermal and non-thermal effects in tissues. Depending on the parameters, HIFU can ablate tissues by heating them to >55 °C to induce denaturation and coagulative necrosis, improve radio- and chemo-sensitizations and local drug delivery from nanoparticles at moderate hyperthermia (∼41-43 °C), and mechanically fragment cells using acoustic cavitation (also known as histotripsy). HIFU has already emerged as an attractive modality for treating human & veterinary cancers, infectious diseases, and neuromodulation.

The global MRI Guided Drug Delivery market size is projected to grow from US$ 110 million in 2024 to US$ 203 million in 2030; it is expected to grow at a CAGR of 10.7% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “MRI Guided Drug Delivery Industry Forecast” looks at past sales and reviews total world MRI Guided Drug Delivery sales in 2023, providing a comprehensive analysis by region and market sector of projected MRI Guided Drug Delivery sales for 2024 through 2030. With MRI Guided Drug Delivery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world MRI Guided Drug Delivery industry.

This Insight Report provides a comprehensive analysis of the global MRI Guided Drug Delivery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on MRI Guided Drug Delivery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global MRI Guided Drug Delivery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for MRI Guided Drug Delivery and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global MRI Guided Drug Delivery.

The core global MRI Guided Drug Delivery manufacturers include Chongqing Haifu Medical Technology, Monteris and Medtronic. The top three companies have a market share of about 43%. North America is the world's largest MRI Guided Drug Delivery market with a market share of approximately 57%, followed by China and Europe with a market share of 35% and 4%, respectively. In terms of product type, MRgFUS Non-Invasive Device is the largest segment with approximately 79% market share. In terms of application, Hospitals is the largest downstream segment, accounting for approximately 89% of the market share.

This report presents a comprehensive overview, market shares, and growth opportunities of MRI Guided Drug Delivery market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
MRgFUS Minimally Invasive Device
MRgFUS Non-Invasive Device

Segmentation by Application:
Clinics
Hospitals

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Chongqing Haifu Medical Technology
Monteris
Medtronic
EDAP TMS
Insightec
Sonablate HIFU
Profound Medical
Episonica
Alpinion Medical Systems
Theraclion

Key Questions Addressed in this Report

What is the 10-year outlook for the global MRI Guided Drug Delivery market?

What factors are driving MRI Guided Drug Delivery market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do MRI Guided Drug Delivery market opportunities vary by end market size?

How does MRI Guided Drug Delivery break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.