Current MRI acquisition techniques are associated with long procedure times. Therefore, only a limited number of patients may receive the MRI scan.
Detailed scan of the brain requires approximately 30-60 minutes. Moreover, every patient movement is making quality of the image worse.
Long procedure times disable splitting the costs between many patients. Additionally, radiologists’ time is used ineffectively. As result prices might reach 25,000 USD for a single scan.
Magnalysis created a cloud based technology that improves the speed and accuracy of MRI scans. Unlike the traditional when scans are assessed after of hour-long procedure, Magnalysis uses AI and deep learning techniques to perform real time image reconstruction and analytics. The aim of the technology is to reduce the time it takes for an average MRI scan by 50%.
Scan time reduction
Cost reduction per machine
Their unmet need is acceleration of MRI, assistance while analyzing the scan and existence of a central scan ledger.
Their unmet need are long patient queues and high cost of MRI which makes it less affordable. Additionally, MRI is associated with high maintenance and set up costs.