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Rising Dementia Propels Growth Of The Portable Magnetic Resonance Imaging Market: A Key Driver Powering Portable Magnetic Resonance Imaging (MRI) Market Growth In 2025
Portable Magnetic Resonance Imaging (MRI) Market
What Is the Current Portable Magnetic Resonance Imaging (MRI) Market Size and Its Estimated Growth Rate?
The portable magnetic resonance imaging (MRI) market has shown strong growth in recent years. It will grow from $3.52 billion in 2024 to $3.78 billion in 2025, reflecting a CAGR of 7.5%. The growth can be attributed to the increasing prevalence of neurological disorders, rising demand for point-of-care diagnostics, greater awareness of early diagnosis, the need for cost-effective imaging solutions, advancements in battery technology, and improved image resolution.
The portable magnetic resonance imaging (MRI) market is expected to grow to $4.99 billion by 2029 at a CAGR of 7.2%. The growth is attributed to improvements in battery life for portable units, user-friendly interfaces, cost reduction, reimbursement policies, and advances in cancer detection and treatment monitoring. Key trends include the integration of AI and machine learning algorithms, combination with other imaging technologies, enhanced resolution, training programs, and research into regenerative medicine.
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How Are Emerging Segments Shaping the Portable Magnetic Resonance Imaging (MRI) Market Landscape?
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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Which Growth Factors Are Influencing Portable Magnetic Resonance Imaging (MRI) Market Expansion?
The rising number of dementia cases is expected to propel the growth of the portable magnetic resonance imaging market. Dementia, a progressive neurological disorder, is becoming more prevalent due to aging populations and better diagnostic methods. Portable MRIs are used to assess brain changes in dementia patients. For example, a 2024 report from the Australian Institute of Health and Welfare projected that dementia cases in Australia will double by 2058. The increasing prevalence of dementia is driving the portable MRI market.
Who Are the Dominant Players Across Different Portable Magnetic Resonance Imaging (MRI) Market Segments?
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
What Are the Major Trends Shaping the Portable Magnetic Resonance Imaging (MRI) Market?
Companies in the portable magnetic resonance imaging (MRI) market are developing advanced mobile MRI scanners to improve accessibility, particularly for remote and point-of-care settings. For example, Siemens Healthcare AG, a Germany-based company, introduced the MAGNETOM Viato Mobile MRI scanner in November 2022. This 1.5 Tesla mobile scanner received FDA clearance and is designed for easy transport, offering advanced imaging capabilities to patients in underserved areas.
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Which Geographic Regions Are Expected to Dominate the Portable Magnetic Resonance Imaging (MRI) Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Portable Magnetic Resonance Imaging (MRI) Market?
2. What is the CAGR expected in the Portable Magnetic Resonance Imaging (MRI) Market?
3. What Are the Key Innovations Transforming the Portable Magnetic Resonance Imaging (MRI) Industry?
4. Which Region Is Leading the Portable Magnetic Resonance Imaging (MRI) Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
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Efficient Research: Quickly identify market growth, leading players, and major segments.
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