Growth Opportunities and Trends in the Portable Magnetic Resonance Imaging (MRI) Market: Key Insights for 2025-2034
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How has the portable magnetic resonance imaging (mri) market size evolved in recent years?
The market size for portable magnetic resonance imaging (MRI) has seen robust growth in the last few years. It is projected to expand from $3.52 billion in 2024 to $3.78 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. The growth observed in the historical period is due to a rise in neurological disorders, increasing need for point-of-care diagnostics, growing consciousness about early diagnosis, the requirement for affordable imaging options, advancements in battery technology, and enhancements in image resolution.
What are the predictions for the portable magnetic resonance imaging (mri) market size in the coming years?
The portable magnetic resonance imaging (MRI) market size is expected to see strong growth in the next few years. It will grow to $4.99 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to longer battery durations for portable units, user-friendly interfaces and automated functionalities, cost reduction, reimbursement policies, and cancer detection and treatment response monitoring. Major trends in the forecast period include artificial intelligence and machine learning algorithms, integration with other imaging modalities such as ultrasound or CT scan, improved resolution and sensitivity, education and training, regenerative medicine and research, and patient-specific imaging protocols.
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What key factors are fueling the growth of the portable magnetic resonance imaging (mri) market?
The growth of the portable magnetic resonance imaging market is anticipated to be driven by the increasing incidences of dementia. Dementia is a collective term for progressive neurological disorders that are marked by a decline in cognitive abilities, impacting memory, thought processes, behaviour, and the capability to carry out daily activities. The escalation in dementia cases can be linked to the worldwide aging population and enhanced diagnostic approaches that allow for improved detection of the disorder. Portable magnetic resonance imaging (MRI) plays a central role in dementia treatment by offering on-site brain imaging that can help evaluate structural changes and assist in diagnosing and tracking the disease in various environments, including clinics and care homes. For example, the Australian Institute of Health and Welfare, a government agency based in Australia, reported in March 2024 that approximately 411,100 Australians were suffering from dementia in 2023, and it anticipates this figure to more than double by 2058. Hence, the surge in dementia cases is propelling the growth of the portable magnetic resonance imaging market.
How is the global portable magnetic resonance imaging (mri) market divided into key segments?
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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Who are the key firms paving the way for 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
What are the key trends shaping the future of the portable magnetic resonance imaging (mri) market?
Companies at the forefront of the portable magnetic resonance imaging market, such as Siemens Healthcare AG, are dedicating their operations to the creation of novel solutions like mobile magnetic resonance (MR) imaging scanners. These innovations have the potential to greatly improve accessibility and adaptability in the field of medical imaging, specifically for isolated locations and point-of-care applications. The MRI scanners harness the power of potent magnetic fields and radio waves to produce vivid images of the body’s internal organs and tissues. For instance, in November 2022, Germany-based Siemens took a significant step forward in this direction by introducing their new MAGNETOM Viato Mobile, a 1.5 Tesla (1.5T) mobile MR imaging scanner designed for simple transport to offsite locations. The MAGNETOM Viato Mobile is housed in a 70-centimeter-bore scanner that is conveniently located in a trailer, hence capable of providing top-tier medical imaging to patients residing far from healthcare facilities. Having recently gotten FDA clearance, the device not only emphasizes Siemens Healthineers’ dedication to mobile MR markets, but also their endeavor to proliferate high-end imaging technology. This scanner ultimately aids healthcare professionals in providing cutting-edge medical imaging to patients who otherwise would be compelled to travel great distances, particularly in regions that lack necessary resources.
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What regions are contributing significantly to the growth of the portable magnetic resonance imaging (mri) market?
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.
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