MRI Metal Detector Market – Global Industry Analysis and Forecast (2023-2029)

MRI Metal Detector Market size was valued at US$ 563.20 Mn. in 2022 and expected to reach US$ 1572.62 Mn. by 2029 at a CAGR of 15.8% during the forecast period.
MRI Metal Detector Market Overview:
Moreover, metal detectors use magnetic resonance technology to aid in detecting metals and artifacts in archaeological sites by using Earth’s magnetic field. MRI ferromagnetic metal detectors have discriminating FMDS technology for ease of operation. Active and passive detection of metals is screened using the product as per the accordance of the end-users viz. healthcare, security, and others. The global MRI metal detector market is expected to register a CAGR of approximately 15% during the forecast period owing to increasing applications of the system across the globe.

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MRI Metal Detector Market Dynamics:
Increasing need for ferromagnetic substance detection across various security checkpoints and need for detection of medical equipment and magnetic implants in the body across the healthcare sector are the key demand drivers in the market. In addition, the high approachability of MRI scanners across the globe is driving the market growth. According to Medical Science and Research Association, MRI metal detectors accounted for approximately 70% of market share in terms of unit consumption for the healthcare sector as demand for metal detectors are increasing in the surgery scenario as well as medical science technologies.

MRI scan accessibility across the various end users and stringent protocols for maintaining safety standards in MRI rooms across the healthcare sector are the key factors attributing growth for the product demand. Moreover, increasing concern towards public safety and security threats posed by metal objects have adhered to the demand for MRI metal detectors in security sector across public transports including Train stations, Bus stops and most of the Airports across the globe.

MRI metal detectors reduce the potential damage in the transportation of luggage from one point to other and hence, various freight carrier services and airport baggage claim stops are exponentially using the product for the sake of efficient material handling. Moreover, inaccurate data can be provided by the MRI scanners as electromagnetic disruptions occur in the MRI machine by metal parts in the room. Hence, the need for MRI metal detectors in the healthcare sector is proven to be bolstering the growth of the product.

In addition, increasing warehousing and material handling technology adoption across the SMEs and prominent equipment manufacturers across the globe to ensure the safe carriage and stack the metal products are increasing the demand for the product. On the other hand, According to study by AIIMS, MRI metal detectors hampers the magnetic resonance which harms the safety of the healthcare workers in the operation theatres which is considered to restrain the product demand.

Increasing automation across the medical equipment manufacturers and increasing technological adoptions for mobile MRI metal detectors are the key factors expected to propel the product demand across the globe during the forecast period.

More restraints and opportunities are covered in the report by considering the data of 2022 for a better understanding of the current market scenario. Moreover, the bottom-up approach is considered while analyzing the data from past years as well as forecast trends in the report making. The user is expected to be able to estimate the overall market dynamics from the report analysis.
MRI Metal Detector Market Segment Analysis:
The report has covered the market trends from 2022 to forecast the market through 2029. 2022 is considered a base year however 2022 numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.


Wall- Mounted MRI Metal Detectors Segment is dominating the MRI Metal Detector Market:
Increasing safety norms for passengers and security protocols across public transports including airports, bus stops and others are the key demand drivers for the segment in the market. Wall-mounted MRI metal detectors consist of real-time scanners and highly sensitive magneto impedance sensors which detect even the small changes in the environment. Moreover, a large rotating workforce across the security substation and hospitals are unable to recognize the danger of ferromagnetic materials in the human body.

According to Security Equipment Council, wall mounted MRI scanners accounted for approximately 45% of the total market share in terms of unit consumption across the globe and expected to register Y-O-Y growth of approximately 14% during the forecast period owing to the high precision and easy to install characteristics of wall-mounted MRI metal detectors.
New Trends in MRI Metal Detector Market:
• Increasing penetration of handheld metal detectors:
Increasing the inclination of security firms and hospitals towards prescreening of the patients as well as people on the site without any hassle and increasing sensory technology adoption by key manufacturers across the globe are the key trendsetting factors for the market. In addition, the provision of consistent and simple mode of self-screening in the mobile MRI metal detectors allows supervised screening.
• Improving sensory technology:
Many MRI metal detector manufacturers are highly investing in sensor technology as sensors plays a vital role in the benchmarking of the product. Moreover, sensors constantly monitors the magnetic field around them even if the device is at the OFF position in case of emergency. The exponential growth of semiconductors industry across the globe is the key trend driver across the globe.
Product Developments by Prominent Players in the MRI Metal Detectors Market:
1. KOPP Development, Inc. has recently launched mobile metal detector named FerrAlert in the year 2021 to provide the FMD solution for ACR zones. It is mainly developed for the controlled prescreening applications.

2. CEIA has launched a new MSDH ferromagnetic portable MRI detectors and MSDW wall-mounted detectors in the year 202 with new anti-contamination technology pre-installed in the product.

3. ETS Lindgren has launched new wall mounted MRI metal detectors for doorway/hallway solutions for the sole purpose of security of residential properties in the year 2021 and integrated with SAFESCAN technology in 2021.
MRI Metal Detector Market Regional Insights:
North America is leading the global MRI Metal Detector market with approximately 48% market share owing to significant CAGR of equipment manufacturing across the region. Moreover, increasing adoption of mobile and portable systems across the region and inclination of manufacturers for the production of same are the ley demand drivers for the product in the market. In addition, increasing government and manufacturers' engagements for safety equipment supply across the regions of the USA and Canada is the key factor considered to drive the growth of the product demand. The USA holds approximately 60% market share in terms of unit consumption owing to the high no. of manufacturers in the region.

Europe is estimated to place itself as the promising region in the MRI Metal Detector Market owing to the well-established semiconductor market across the region. Moreover, increasing demand for hospital staff safety and patient health consciousne1ss are the key factors considered to drive the product demand across the European region.

Asia Pacific is considered to pose as projecting the region in the market with a CAGR of approximately 10% during the forecast period. Factors attributing regional growth are growing demand for efficient engineering equipment across the region and adoption of technology in sensing technologies across China, India, Japan, Korea, and other regions. China accounted for approximately 40% market share in the APAC region owing to growing equipment manufacturing sector across the region as well as growing concern towards patient and health worker safety.

MEA and GCC countries are expected to propel in the market in terms of unit consumption as governments in the regions of Africa and GCC are strongly adopting the MRI Metal Detector owing to high manufacturing capabilities across the regions and improvement in healthcare infrastructure in Saudi countries.

The objective of the report is to present a comprehensive analysis of the Global MRI Metal Detector Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global MRI Metal Detector Market dynamics, structure by analyzing the market segments and project the Global MRI Metal Detector Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global MRI Metal Detector Market make the report investor’s guide
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MRI Metal Detector Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
15.8%
US$ 563.20 Mn
US$ 1572.62 Mn


Segments Covered


by Product Type
Wall mounted MRI metal detector
Floor mounted MRI metal detector
Handheld MRI metal detector
Mobile MRI metal detector
by End User
Hospitals
Security
Archaeological sites
Other healthcare establishments


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players:
1. ETS Lindgren
2. ITEL Telecommunicaziano S.R.L.
3. C.E.I.A. S.P.A.
4. Fujidenolo Co. Ltd.
5. Metrasens
6. Megmedix, Inc.
7. Biodex
8. Mednovous, Inc.
9. KOPP Development
10. Nanjiang Yunci Electronics Technology
11. Garrett Metal Detectors
FAQs:
1. What was the global MRI Metal Detector market Size in 2022?

Ans: The global MRI Metal Detector market size was valued at US$ 563.20 million USD.

2. Which Product segment is leading the MRI Metal Detector market?

Ans: Wall mounted MRI metal detectors are leading the market owing to increasing safety norms for passengers and security protocols across public transports including airports, bus stops and others.

3. Who are the top companies in Global MRI Metal Detector manufacturing market?

Ans: ETS Lindgren, ITEL Telecommunicaziano S.R.L., C.E.I.A. S.P.A., Fujidenolo Co. Ltd., Metrasens, Megmedix, Inc., Biodex, Mednovous, Inc., KOPP Development and others.

4. Which region is dominating the MRI Metal Detector market?

Ans: North America is leading the global MRI Metal Detector market with approximately 48% market share owing to increasing adoption of mobile and portable systems across the region and inclination of manufacturers for the production of same

5. What is the key driving factor for the growth of the Global MRI Metal Detector market?

Ans: Increasing need of ferromagnetic substance detection across various security checkpoints and need for detection of medical equipment and magnetic implants in the body across the healthcare sector.