Gradient Power Amplifier Market Outlook
The global gradient power amplifier market size was valued at USD 1710.1 Mn in 2021 and is expected to reach USD 2597.7 Mn in 2030, expanding at a CAGR of 4.8% during the forecast period. The overall incremental opportunity is estimated to be USD 835.1 Mn from 2022 to 2030.
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. 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.
Global Gradient Power Amplifier Market Dynamics
Growing demand for MRIs for non-invasive diagnosis
Growing demand for MRIs for non-invasive diagnosis is expected to boost the market during the forecast period. Magnetic resonance imaging (MRI) is a non-invasive clinical imaging technology used for high-resolution soft-tissue imaging. MRI is a technology that uses magnetic fields to align protons within hydrogen atoms, which make up a majority of the human body. Additionally, MRI has showed increasing promise in identifying ovarian cancer in the past few years.
According to a report published by Statista in 2022, Japan has the highest number of MRI facilities among the Organization for Economic Cooperation and Development (OECD) member countries. Over 55 such units are available per every million people. On the other hand, the US and Germany are close behind, with rates of around 40 and 35 per million population, respectively. Furthermore, Israel and Hungary have approximately five MRI units available per million people.
Rising number of R&D activities
Rising number of R&D activities is projected to fuel the demand MRI machines thus, boosting the market in the coming years. The University of South Australia and cancer diagnostic startup, Ferronova, are working to create a breakthrough device that provide precise images and guide treatment of aggressive brain tumors.
The new MRI nanotechnology is designed to target a specific marker identified in more than 90% of solid tumors, including high-grade brain malignancies. The novel MRI technology, which has already shown encouraging preclinical resulting in a prostate cancer model, has the potential to have a significant influence on aggressive brain malignancies. Thus, boosting the demand for gradient power amplifiers during the forecast period.
High maintenance cost associated with GPA
High maintenance costs associated with GPA is expected to hamper the market in the coming years. The maintenance cost of the GPA depends on the primary and secondary market along with the MRI scan as the machine itself is expensive. For instance, the greater the MRI machine's power, the more energy it consumes.
Furthermore, before inflation, the electricity price fluctuation for MRI equipment varies every month, impacting the entire maintenance cost of the unit. As a delicate machine, it needs to be inspected on a monthly basis. The higher the cost of maintenance, the more powerful the model. Thus, these factors are expected to hamper the market during the forecast period.
Ongoing advancement in GPA
Ongoing technological advancements in GPA is anticipated to create lucrative opportunities in the market in the coming years. High-power GPAs are necessary in MRI to drive the gradient coils in order to generate powerful and high-fidelity gradient fields. Precision is a crucial need for GPAs, as it directly affects the MRI imaging quality.
Recently, a systematic modeling and design method of the state space controller for high-power GPA with multi-rational-delay variables is presented. This strategy enhances GPA dynamic performance. Second, an efficient out-of-band signal injection mechanism is proposed to improve control precision at low output current, allowing the tough high-precision MRI criteria to be met across the whole GPA output range.
Scope of Power Amplifier Market Report
The report on the Gradient Power Amplifier Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Gradient Power Amplifier Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2015-2020
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Forecast Period
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2022–2030
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Segmentation
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By Voltage Type (Less than equal to 700V, Above 700V-1400V, Above 1400V-2100V), By Cooling Type (Liquid-Based, Air-Based) and regions.
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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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
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Power Amplifier Market Segment Insights
Voltage Type Segment Analysis
Based on 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.
Regional Analysis
On the basis of regions, the global gradient power amplifier market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.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.
The market in Asia Pacific is estimated to expand at a fast pace during the forecast period. The growth of the market is related to the rapid expansion in healthcare infrastructure in emerging nations, such as China and India. Additionally, increasing number of cancer patients is driving the demand for MRI machines, which in turn, is fueling the market for gradient amplifiers in the region.
Key Benefits for Industry Participants & Stakeholders
- In-Depth Analysis of the Global Gradient Power Amplifier Market
- Historical, Current and Projected Market Size in terms of value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Gradient Power Amplifier Market Performance
Segments
Voltage Type
- Less than equal to 700V
- Above 700V-1400V
- Above 1400V-2100V
Cooling Type
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
Competitive Landscape
Top players in the market include 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. These companies are considered key manufacturers of the global gradient power amplifier market based on their revenue, product offerings, regional presence, and supply chain management system.
The players are adopting key strategies such as acquisition, collaborations, and geographical expansion which the potential opportunity for the global gradient power amplifier market.
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