Product Code: ETC13153669 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Magnetic Resonance Angiography Market was valued at USD 0.6 Billion in 2024 and is expected to reach USD 0.9 Billion by 2031, growing at a compound annual growth rate of 6.00% during the forecast period (2025-2031).
The Global Magnetic Resonance Angiography market is experiencing steady growth due to the increasing prevalence of cardiovascular diseases and the rising demand for non-invasive diagnostic techniques. MRI angiography provides detailed images of blood vessels without the need for invasive procedures, making it a preferred choice for both patients and healthcare providers. Technological advancements, such as the development of faster imaging techniques and higher resolution images, are further driving market growth. The market is also benefiting from the growing adoption of MRI angiography in emerging economies and the increasing investments in healthcare infrastructure. However, factors such as high costs associated with MRI machines and the limited availability of skilled professionals may hinder market expansion to some extent. Overall, the Global Magnetic Resonance Angiography market is expected to continue its growth trajectory in the coming years.
The Global Magnetic Resonance Angiography (MRA) market is experiencing significant growth driven by the increasing prevalence of cardiovascular diseases and the rising demand for non-invasive diagnostic techniques. Technological advancements in MRI systems, such as higher image resolution and faster scanning times, are also contributing to market expansion. Moreover, the growing adoption of MRA for the diagnosis and monitoring of vascular diseases, including stroke and peripheral artery disease, presents lucrative opportunities for market players. The market is witnessing a shift towards advanced MRA techniques like contrast-enhanced MRA and 4D MRA, which provide more detailed and accurate imaging results. Additionally, the rising healthcare expenditure and improving healthcare infrastructure in emerging markets further support the growth of the Global MRA market.
The Global Magnetic Resonance Angiography (MRA) Market faces several challenges, including high costs associated with MRA equipment and procedures, limited availability of advanced MRA technologies in developing regions, and the potential for adverse reactions to contrast agents used during MRA scans. Additionally, the need for specialized training for healthcare professionals to accurately interpret MRA images and the competition from alternative imaging modalities such as computed tomography angiography (CTA) pose challenges to the growth of the MRA market. Furthermore, regulatory hurdles and reimbursement issues in some countries can hinder the widespread adoption of MRA as a diagnostic tool. Overcoming these challenges will require advancements in technology, improved access to MRA services, and increased awareness among both healthcare providers and patients about the benefits of MRA for diagnosing vascular conditions.
The Global Magnetic Resonance Angiography Market is primarily driven by the increasing prevalence of cardiovascular diseases and the growing demand for non-invasive diagnostic techniques. Additionally, technological advancements in MRI technology, such as improved image quality and faster scanning times, are boosting the adoption of magnetic resonance angiography for vascular imaging. The rising geriatric population, who are more susceptible to vascular disorders, is also a significant driver of market growth. Moreover, the shift towards value-based healthcare models and the expanding applications of MRI in various medical fields are contributing to the market expansion. Furthermore, the increasing healthcare expenditure and government initiatives to improve healthcare infrastructure in developing countries are expected to further propel the growth of the Global Magnetic Resonance Angiography Market.
Government policies related to the Global Magnetic Resonance Angiography Market primarily focus on regulations governing the use and safety of MRI technology. These policies typically require healthcare facilities to adhere to strict guidelines for equipment maintenance, patient safety protocols, and data protection. Additionally, government agencies may set standards for the training and certification of MRI technicians to ensure accurate and reliable imaging results. Reimbursement policies for MRI procedures under public healthcare systems also influence market dynamics by affecting demand and pricing. Furthermore, governments may invest in research and development initiatives to advance MRI technology and expand its clinical applications, driving market growth and innovation in the Global Magnetic Resonance Angiography Market.
The Global Magnetic Resonance Angiography (MRA) market is poised for significant growth in the coming years due to the rising prevalence of cardiovascular diseases and the increasing adoption of advanced imaging technologies. Technological advancements in MRA systems, such as the development of high-resolution imaging techniques and software upgrades, are expected to drive market expansion. Additionally, the growing demand for non-invasive diagnostic procedures and the increasing focus on early disease detection are likely to further propel market growth. However, the market may face challenges related to high costs associated with MRA procedures and the availability of alternative imaging modalities. Overall, the Global MRA market is anticipated to experience steady growth as healthcare systems worldwide prioritize the early detection and treatment of cardiovascular conditions.
In the Global Magnetic Resonance Angiography Market, North America holds a significant share due to high healthcare expenditure, advanced healthcare infrastructure, and technological advancements. Europe follows closely behind with a strong emphasis on research and development in medical imaging technologies. Asia Pacific is expected to witness rapid growth driven by increasing healthcare investments, rising prevalence of cardiovascular diseases, and improving healthcare facilities. The Middle East and Africa region is also showing growth potential with the expansion of healthcare services and increasing awareness about the benefits of early disease detection. Latin America, though currently a smaller market, is anticipated to experience growth as healthcare systems continue to improve and more patients opt for non-invasive imaging techniques like magnetic resonance angiography.
Global Magnetic Resonance Angiography Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Magnetic Resonance Angiography Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Magnetic Resonance Angiography Market Revenues & Volume, 2021 & 2031F |
3.3 Global Magnetic Resonance Angiography Market - Industry Life Cycle |
3.4 Global Magnetic Resonance Angiography Market - Porter's Five Forces |
3.5 Global Magnetic Resonance Angiography Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Magnetic Resonance Angiography Market Revenues & Volume Share, By Technique, 2021 & 2031F |
3.7 Global Magnetic Resonance Angiography Market Revenues & Volume Share, By Indication, 2021 & 2031F |
3.8 Global Magnetic Resonance Angiography Market Revenues & Volume Share, By End-use, 2021 & 2031F |
4 Global Magnetic Resonance Angiography Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Magnetic Resonance Angiography Market Trends |
6 Global Magnetic Resonance Angiography Market, 2021 - 2031 |
6.1 Global Magnetic Resonance Angiography Market, Revenues & Volume, By Technique, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Magnetic Resonance Angiography Market, Revenues & Volume, By Contrast Enhanced MRA, 2021 - 2031 |
6.1.3 Global Magnetic Resonance Angiography Market, Revenues & Volume, By Non-contrast Enhanced MRA, 2021 - 2031 |
6.2 Global Magnetic Resonance Angiography Market, Revenues & Volume, By Indication, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Magnetic Resonance Angiography Market, Revenues & Volume, By Abdomen, 2021 - 2031 |
6.2.3 Global Magnetic Resonance Angiography Market, Revenues & Volume, By Lower Extremities, 2021 - 2031 |
6.3 Global Magnetic Resonance Angiography Market, Revenues & Volume, By End-use, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Magnetic Resonance Angiography Market, Revenues & Volume, By Hospitals, 2021 - 2031 |
6.3.3 Global Magnetic Resonance Angiography Market, Revenues & Volume, By Imaging Centers, 2021 - 2031 |
6.3.4 Global Magnetic Resonance Angiography Market, Revenues & Volume, By Ambulatory Surgical Centers & Other Healthcare Settings, 2021 - 2031 |
7 North America Magnetic Resonance Angiography Market, Overview & Analysis |
7.1 North America Magnetic Resonance Angiography Market Revenues & Volume, 2021 - 2031 |
7.2 North America Magnetic Resonance Angiography Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Magnetic Resonance Angiography Market, Revenues & Volume, By Technique, 2021 - 2031 |
7.4 North America Magnetic Resonance Angiography Market, Revenues & Volume, By Indication, 2021 - 2031 |
7.5 North America Magnetic Resonance Angiography Market, Revenues & Volume, By End-use, 2021 - 2031 |
8 Latin America (LATAM) Magnetic Resonance Angiography Market, Overview & Analysis |
8.1 Latin America (LATAM) Magnetic Resonance Angiography Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Magnetic Resonance Angiography Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Magnetic Resonance Angiography Market, Revenues & Volume, By Technique, 2021 - 2031 |
8.4 Latin America (LATAM) Magnetic Resonance Angiography Market, Revenues & Volume, By Indication, 2021 - 2031 |
8.5 Latin America (LATAM) Magnetic Resonance Angiography Market, Revenues & Volume, By End-use, 2021 - 2031 |
9 Asia Magnetic Resonance Angiography Market, Overview & Analysis |
9.1 Asia Magnetic Resonance Angiography Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Magnetic Resonance Angiography Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Magnetic Resonance Angiography Market, Revenues & Volume, By Technique, 2021 - 2031 |
9.4 Asia Magnetic Resonance Angiography Market, Revenues & Volume, By Indication, 2021 - 2031 |
9.5 Asia Magnetic Resonance Angiography Market, Revenues & Volume, By End-use, 2021 - 2031 |
10 Africa Magnetic Resonance Angiography Market, Overview & Analysis |
10.1 Africa Magnetic Resonance Angiography Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Magnetic Resonance Angiography Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Magnetic Resonance Angiography Market, Revenues & Volume, By Technique, 2021 - 2031 |
10.4 Africa Magnetic Resonance Angiography Market, Revenues & Volume, By Indication, 2021 - 2031 |
10.5 Africa Magnetic Resonance Angiography Market, Revenues & Volume, By End-use, 2021 - 2031 |
11 Europe Magnetic Resonance Angiography Market, Overview & Analysis |
11.1 Europe Magnetic Resonance Angiography Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Magnetic Resonance Angiography Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Magnetic Resonance Angiography Market, Revenues & Volume, By Technique, 2021 - 2031 |
11.4 Europe Magnetic Resonance Angiography Market, Revenues & Volume, By Indication, 2021 - 2031 |
11.5 Europe Magnetic Resonance Angiography Market, Revenues & Volume, By End-use, 2021 - 2031 |
12 Middle East Magnetic Resonance Angiography Market, Overview & Analysis |
12.1 Middle East Magnetic Resonance Angiography Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Magnetic Resonance Angiography Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Magnetic Resonance Angiography Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Magnetic Resonance Angiography Market, Revenues & Volume, By Technique, 2021 - 2031 |
12.4 Middle East Magnetic Resonance Angiography Market, Revenues & Volume, By Indication, 2021 - 2031 |
12.5 Middle East Magnetic Resonance Angiography Market, Revenues & Volume, By End-use, 2021 - 2031 |
13 Global Magnetic Resonance Angiography Market Key Performance Indicators |
14 Global Magnetic Resonance Angiography Market - Export/Import By Countries Assessment |
15 Global Magnetic Resonance Angiography Market - Opportunity Assessment |
15.1 Global Magnetic Resonance Angiography Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Magnetic Resonance Angiography Market Opportunity Assessment, By Technique, 2021 & 2031F |
15.3 Global Magnetic Resonance Angiography Market Opportunity Assessment, By Indication, 2021 & 2031F |
15.4 Global Magnetic Resonance Angiography Market Opportunity Assessment, By End-use, 2021 & 2031F |
16 Global Magnetic Resonance Angiography Market - Competitive Landscape |
16.1 Global Magnetic Resonance Angiography Market Revenue Share, By Companies, 2024 |
16.2 Global Magnetic Resonance Angiography Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |