Magnetic Resonance Angiography Market

MRA uses heavy magnetic field along with radio waves. The results are then displayed on desktop for evaluation. This test does not use radiation and will require a comparison substance injection. The contrast material used during MRA is less probable than the contrast media used mostly for computed tomography (CT) to trigger an allergic reaction.

To detect and cure blood vessel-related disorders, physicians use angiography. Angiography tests produce photographs in the body of major blood vessels. The comparison content may or may not be used for an MRA exam.

Physicians use MRA technique to identify irregularities such as aneurysms in abdomen, aorta chest and other arteries. The technique is used to detect atherosclerotic carotid artery of the neck, and observe blockages limiting blood flow to the brain resulting in stroke. Detection of aneurysm/ arteriovenous malformation.

However, there are some limitations to the technique.  MRA images cannot be as simple as catheter angiography images of certain arteries. In specific, MRA assessment of tiny vessels can be challenging. Separate pictures of veins and arteries with MRA can often be hard to make. Furthermore, MRA does not provide high definition images as catheter angiography pictures.

The global magnetic resonance angiography market has been bifurcated based on technique, application and region. In terms of technique, the market is divided into Contrast Enhanced MRA and Non-contrast Enhanced MRA. On the basis of application, the segment is divided into abdomen, lower extremities, and others.

Non-contrast enhanced magnetic resonance angiography dominated the global market in 2019 and is expected to maintain its market dominance over the study period owing to the use of contrast dyes, leading to an increase in demand for diagnostic procedures. For patients who are either pregnant or who suffer from kidney diseases, non-contrast improved MRAs are prescribed. In comparison, it is recommended to undergo non-contrast enhanced MRA in some elderly patients, which is the preferable option where no contrast agent is inserted into the bloodstream.

The other category led the industry in 2019 and retained a share of over 75 percent of total sales. Over the projected era, the abdominal magnetic resonance angiography section is likely to develop at the quickest CAGR. Around 9 percent of Emergency Room (ED) visits are due to intense abdominal pain, according to the NCBI.

Based on regions, the global magnetic resonance angiography market is segmented into North America, Europe, Asia Pacific, Central and South America and Middle East & Africa. Emerging markets such as APAC are giving companies major growth prospects in the demand for the Industry’s in coming years.

In 2019, North America dominated the global market and is expected to grow at a CAGR of more than 4%over the forecast period. High penetration rate coupled with early adoption of technology in the U.S. is the major reason for the market dominance. Furthermore, Asia Pacific is expected to emerge as the most lucrative segment over the forecast period. Continuous healthcare infrastructure development in South East Asian countries owing to increasing medical tourism is likely to favor the market growth over the forecast period.