Portable Magnetic Resonance Imaging (MRI) Market Size, Share, Trends, Growth Factors And Forecast Report To 2033

Overview and Scope
Portable magnetic resonance imaging (MRI) refers to a compact, mobile version of traditional magnetic resonance imaging (MRI) technology that allows for on-site imaging of patients in various settings, such as bedside in hospitals or remote locations. These devices provide high-quality diagnostic images, enhancing accessibility and convenience for patients and healthcare providers.

Sizing and Forecast
The portable magnetic resonance imaging (MRI) market size has grown strongly in recent years. It will grow from $3.29 billion in 2023 to $3.52 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%.  The growth in the historic period can be attributed to 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 improvements in image resolution.

The portable magnetic resonance imaging (MRI) market size is expected to see strong growth in the next few years. It will grow to $4.66 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.  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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Segmentation & Regional Insights
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

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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Major Driver Impacting Market Growth
The rising dementia cases are expected to propel the growth of the portable magnetic resonance imaging market going forward. Dementia is a group of progressive neurological disorders characterized by a decline in cognitive function, affecting memory, thinking, behavior, and the ability to perform daily activities. The increasing cases of dementia are attributed to aging populations globally and improved diagnostic capabilities leading to better detection of the condition. Portable magnetic resonance imaging (MRI) is used for dementia by providing on-site brain imaging to assess structural changes and aid in diagnosing and monitoring the condition in various settings, including clinics and care facilities. For instance, in March 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, around 411,100 Australians had dementia in 2023, and this number is expected to more than double by the year 2058. Therefore, the rising dementia cases are driving the growth of the portable magnetic resonance imaging market.

Key Industry Players
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

The portable magnetic resonance imaging (mri) market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
……….
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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