2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

What External and Internal Drivers Are Contributing to the Growth of thePortable Magnetic Resonance Imaging (MRI) Market?

The rising cases of dementia are expected to drive the growth of the portable magnetic resonance imaging market. Dementia, a neurological disorder affecting cognitive functions, is becoming more prevalent due to aging populations and improved detection methods. Portable MRI devices are used to diagnose and monitor dementia by providing on-site brain imaging. In 2023, the Australian Institute of Health and Welfare reported that around 411,100 Australians had dementia, and this number is expected to more than double by 2058. The rising cases of dementia are boosting the portable MRI market.

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#What Long-Term Growth Rate is Expected for thePortable Magnetic Resonance Imaging (MRI) Market Between 2025 and 2034?

The portable magnetic resonance imaging (MRI) market will grow from $3.52 billion in 2024 to $3.78 billion in 2025, at a CAGR of 7.5%. The growth in the historical period is driven by the increasing prevalence of neurological disorders, rising demand for point-of-care diagnostics, growing awareness of early diagnosis, the need for cost-effective imaging solutions, advancements in battery technology, and better image resolution.

The portable magnetic resonance imaging (MRI) market is projected to reach $4.99 billion in 2029, growing at a CAGR of 7.2%. Factors driving this growth include longer battery life for portable units, user-friendly interfaces, automated features, cost reductions, reimbursement policies, and advancements in cancer detection and treatment monitoring. Major trends include AI and machine learning algorithms, integration with ultrasound or CT scans, improved resolution and sensitivity, education and training, regenerative medicine, and patient-specific imaging protocols.

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Which Upcoming Market Trends and Innovations Are Set to Influence thePortable Magnetic Resonance Imaging (MRI) Market’s Path Forward?

Major companies in the portable magnetic resonance imaging market are advancing solutions such as mobile magnetic resonance (MR) imaging scanners to improve accessibility and flexibility, especially in remote and point-of-care settings. Magnetic resonance imaging (MRI) scanners use magnetic fields and radio waves to generate detailed images of internal organs and tissues. For instance, in November 2022, Siemens Healthcare AG, based in Germany, launched the MAGNETOM Viato Mobile, a 1.5T mobile MRI scanner designed for easy transportation. The 70-centimeter-bore scanner can be installed in a trailer, bringing advanced medical imaging to patients in underserved areas. This device received FDA clearance, emphasizing Siemens Healthineers’ commitment to making high-end imaging more accessible.

Who Are the Dominant Market Players Pushing the Boundaries of thePortable 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 Are the Core Segments of the Portable Magnetic Resonance Imaging (MRI) Market, and How Do They Contribute to 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 Dominating the Portable Magnetic Resonance Imaging (MRI) Market Growth?

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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