According to a recent market study published by Growth Market Reports, titled, “Global Gradient Power Amplifier Market” by voltage type, by cooling type, and by regions: size, share, trends and opportunity analysis, 2015-2030”, the market was valued at USD 1710.1 Mn in 2021 and is expected to grow at a moderate growth rate of 4.8% by the year 2030. Growing demand for MRIs for non-invasive diagnosis, and rising number of R&D activities are expected to fuel the market during the forecast period.

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As per Growth Market Reports industry analyst Divjot Singh, “gradient power amplifier market” is anticipated to witness significant growth during the forecast period 2022-2030. Key factors that are anticipated to fuel the demand for gradient power amplifier market during the forecast period is the growing demand for MRIs for non-invasive diagnosis fuelling the demand for gradient power amplifier market. Conversely, high maintenance cost associated with GPA hamper the market growth. Ongoing advancement in GPA are expected to create opportunities in the market.

Magnetic resonance imaging (MRI) is a medical imaging technology that produces detailed, high-contrast images for diagnostic purposes. In MRIs, a gradient system generates position and time dependent magnetic fields (X, Y, and Z axis) on three orthogonal axes. Furthermore, the gradient power amplifier (GPA) is the MRI system's power stage, delivering electrical power to a gradient coil to generate magnetic gradient fields. GPAs are employed in hospital technical rooms and mobile MR-systems.

A gradient amplifier in an MRI system enhances the energy of the signal before it reaches gradient coils, causing the field strength to be powerful enough to generate fluctuations in the main magnetic field for localization of the subsequently received signal. Normally, three gradient amplifiers are required for three gradient coils.

The word, ‘supply chain’, refers to all procedures involved in transforming an idea into a tangible good or service, through a series of intermediate production, distribution, and disposal phases. These procedures include production, distribution, design, marketing, and customer support services. In the supply chain process, the value of the product increases as it passes through various stages of the supply chain. The gradient power amplifier market supply chain involves various stakeholders who contribute to the creation and delivery of the products.

The primary, as well as secondary research methodology, is used for keen observation and study of the gradient power amplifier market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments.

Validation of the estimated market size, and current and future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs.

Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

While COVID-19 has affected nearly every aspect of the economy, the gradient power amplifier market was also affected. The market is still coping with the dual effects of declining sales and rising costs, which have put the suppliers in a difficult financial position. Due to consecutive lockdowns, social distancing norms, and supply chain disruption, the COVID-19 pandemic had a slightly negative impact on the gradient power amplifier market.

Severe lockdowns and shutdowns halted customer movement and severely disrupted the gradient power amplifier manufacturing companies. Regulatory policies are played a pivotal role in shaping the dynamics of the market during the forecast period. Increasing efforts by governments and private sector companies to overcome the crisis and rising production capacity in semiconductor industry propelled the demand for gradient power amplifier market post 2020.

Key Takeaways from the Study

  • On the basis of voltage type, the global gradient power amplifier market is segment into less than equal to 700V, above 700V-1400V, and above 1400V-2100V.
  • The above 1400V-2100V segment dominates the global market during the forecast period, due to the rising adoption of 1400V-2100V amplifiers for medical imaging process across the globe.
  • North America is expected to dominate the market during the forecast period owing to rising demand for MRI machines in this region due to the growing prevalence of chronic diseases, and rising number of multispecialty hospitals in North America.

Scope of Gradient Power Amplifier Market Report

Report Metric

Details

Market Value in 2021

USD 1710.1 Million

Market Growth Rate (from 2021 to 2030)

4.8%

Historical Data

2015 to 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

By Voltage Type (Less than equal to 700V, Above 700V-1400V, Above 1400V-2100V), By Cooling Type (Liquid-Based, Air-Based) and regions.

Key Companies Profiled

Analogic Corporation, Performance Controls Inc, General Electric, Siemens, AE Techron, Inc, Prodrive Technologies, Pure Device GmbH, Shanghai United Imaging Healthcare Co., LTD, Koninklijke Philips N.V., International Electric Company Oy

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail of tailor-made purchase options to meet your research requirements.

Target Audience

  • Government and research organizations
  • Gradient power amplifier distributors
  • Marketing directors
  • Key executives from various key companies and organizations in the gradient power amplifier