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Portable Magnetic Resonance Imaging (MRI) Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Portable Magnetic Resonance Imaging (MRI)
The increasing cases of dementia are expected to accelerate the growth of the portable magnetic resonance imaging (MRI) market. Dementia, a condition marked by cognitive decline, is rising globally due to aging populations and improved diagnostic methods. Portable MRIs offer on-site brain imaging, which is crucial for diagnosing and monitoring dementia. The Australian Institute of Health and Welfare reported that around 411,100 Australians had dementia in 2023, and this number is expected to more than double by 2058. Consequently, the increasing prevalence of dementia is driving the portable MRI market.
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What is the future CAGR of the portable magnetic resonance imaging (mri) market, and how will it impact industry expansion?
The portable magnetic resonance imaging (MRI) market has seen significant growth in recent years. It will increase from $3.52 billion in 2024 to $3.78 billion in 2025, at a CAGR of 7.5%. Growth drivers include the rising prevalence of neurological disorders, growing demand for point-of-care diagnostics, increased awareness of early diagnosis, the need for cost-effective imaging solutions, advancements in battery technology, and improvements in image resolution.
The portable magnetic resonance imaging (MRI) market is forecasted to reach $4.99 billion by 2029, at a CAGR of 7.2%. The market's growth is attributed to longer battery life for portable units, user-friendly interfaces, automated functions, cost reductions, reimbursement policies, and advancements in cancer detection and treatment monitoring. Major trends include AI and machine learning algorithms, integration with other imaging modalities, improved resolution, and the development of patient-specific imaging protocols.
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What new trends are reshaping the portable magnetic resonance imaging (mri) market and its opportunities?
Companies in the portable magnetic resonance imaging (MRI) market are developing advanced mobile MRI scanners to improve accessibility and flexibility in medical imaging, particularly for remote and point-of-care settings. For instance, in November 2022, Siemens Healthcare AG, a German healthcare company, launched the MAGNETOM Viato Mobile, a 1.5 Tesla mobile MRI scanner. This system is designed to be transported easily to offsite locations, allowing patients in underserved areas to access high-quality imaging. It recently received FDA clearance, marking Siemens Healthineers' commitment to enhancing accessibility in the mobile MRI market.
Which key market segments comprise the portable magnetic resonance imaging (mri) market and drive its revenue growth?
The portable magnetic resonance imaging (MRI) market covered in this report is segmented -
1) By Product: Superconducting-Magnet-Based Portable Magnetic Resonance Imaging (MRI), Electromagnet-Based Portable Magnetic Resonance Imaging (MRI), Permanent-Magnet-Based Portable Magnetic Resonance Imaging (MRI)
2) By Application: Neurology, Musculoskeletal, Gastroenterology, Other Applications
3) By End User: Hospitals, Diagnostic Centers, Ambulatory Surgery Centers, Other End Users
Subsegments:
1) By Superconducting-Magnet-Based Portable MRI: High-Field Superconducting MRI, Low-Field Superconducting MRI, Compact Superconducting MRI Systems, Superconducting MRI For Neurological Imaging, Superconducting MRI For Musculoskeletal Imaging
2) By Electromagnet-Based Portable MRI: Low-Field Electromagnet MRI Systems, Medium-Field Electromagnet MRI Systems, Electromagnetic MRI For Point-Of-Care Use, Electromagnet MRI For Diagnostic Imaging, Portable Electromagnet MRI For Emergency Settings
3) By Permanent-Magnet-Based Portable MRI: High-Resolution Permanent Magnet MRI, Low-Field Permanent Magnet MRI, Compact Permanent Magnet MRI Systems, Permanent Magnet MRI For Field Use, Permanent Magnet MRI For Veterinary Applications
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What regions are at the forefront of portable magnetic resonance imaging (mri) market expansion?
North America was the largest region in the portable magnetic resonance imaging (MRI) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the portable magnetic resonance imaging (MRI) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the portable magnetic resonance imaging (mri) market?
Major companies operating in the portable magnetic resonance imaging (MRI) market are TATA group, Siemens Healthineers AG, Koninklijke Philips N.V., Alliance HealthCare Services Inc., Akumin Inc., Esaote SpA, Meridian Group International Inc., JMP Medical Ltd, DMS Health Pvt. Ltd, Cobalt Health, Aurora Imaging Technology Inc., Kings Medical Group Inc., Hyperfine Inc., Burgess Diagnostics Ltd, Interim Diagnostic Imaging Ltd, PrizMED Imaging Solution Inc., Radiology Management Solutions Ltd, Medco Blue LLC, Odulair LLC, Lamboo Medical Ltd, Advanced Mobility & Shelter Technologies LLC
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What Is Covered In The Portable Magnetic Resonance Imaging (MRI) Global Market Report?
•Market Size Forecast: Examine the portable magnetic resonance imaging (mri) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the portable magnetic resonance imaging (mri) market for a structured understanding.
•Key Players Overview: Analyze major players in the portable magnetic resonance imaging (mri) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the portable magnetic resonance imaging (mri) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the portable magnetic resonance imaging (mri) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the portable magnetic resonance imaging (mri) market.
•Industry Challenges: Identify potential risks and obstacles affecting the portable magnetic resonance imaging (mri) market.
•Competitive Landscape: Review strategic developments in the portable magnetic resonance imaging (mri) market, including expansions, agreements, and new product launches.
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