LAMEA MRI Motion Tracking Systems Market Size, Share & Industry Trends Analysis Report By Type (Optical Tracking Systems and Software), By Product (Marker Systems and Marker-less Systems), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa MRI Motion Tracking Systems Market would witness market growth of 23.9% CAGR during the forecast period (2022-2028).
The patient's head must remain immobile throughout an MRI scan, particularly a brain scan, which frequently causes discomfort to the patient and produces hazy, indistinct results. The radiologists are ultimately forced to perform several scans because this ultimately hinders their ability to analyze MRI images efficiently. The cost of unnecessary scans is significant for the hospital, radiologist, and insurance company. Therefore, it necessitates the use of motion tracking devices, which save analysis time, improve patient comfort, and enhance diagnostic capabilities.
To ascertain the effectiveness, safety, and accuracy of the system, numerous studies have been carried out in this sector. Numerous research centers and universities use motion tracking systems from recent market entrants, like Metria Innovations. As they create their systems for research, many universities may apply for FDA approval of those systems. As a result, the industry has a lot of room for new competitors because there are currently few very advanced systems available.
In Africa, cancer is a growing public health issue. According to the National Library of Medicine, in the region, there were approximately 715,000 new cancer cases as well as 542,000 cancer deaths in 2008. Because of rapid aging and population expansion, these numbers are anticipated to quadruple over the next 20 years. Furthermore, due to changes in lifestyle factors and detection procedures brought on by urbanization and economic development, malignancies like lung, breast, and prostate cancers are identified considerably more frequently than in the past.
The Brazil market dominated the LAMEA MRI Motion Tracking Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $81.9 Thousands by 2028.The Argentina market is experiencing a CAGR of 24.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 23.5% during (2022 - 2028).
Based on Type, the market is segmented into Optical Tracking Systems and Software. Based on Product, the market is segmented into Marker Systems and Marker-less Systems. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include TracInnovations, Metria Innovations, Inc., Sound Imaging, Inc. (MRI Patient Motion Tracker), Confirma Software, Chipiron, DeepSpin GmbH, Aspect Imaging Ltd. (Embrace), Robin Medical, Inc., MRC Systems GmbH, and Psychology Software Tools, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Optical Tracking Systems
- Marker Systems
- Marker-less Systems
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Metria Innovations, Inc.
- Sound Imaging, Inc. (MRI Patient Motion Tracker)
- Confirma Software
- DeepSpin GmbH
- Aspect Imaging Ltd. (Embrace)
- Robin Medical, Inc.
- MRC Systems GmbH
- Psychology Software Tools, Inc.
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