Portable Magnetic Resonance Imaging (MRI) Market Report: Trends, Forecast and Competitive Analysis to 2030

Portable Magnetic Resonance Imaging (MRI) Trends and Forecast

The future of the global portable magnetic resonance imaging (MRI) market looks promising with opportunities in the hospital, imaging center, and ambulatory surgical center markets. The global portable magnetic resonance imaging (MRI) market is expected to reach an estimated $3.5 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are increase in cases of chronic diseases as a result of changing lifestyles, growing inclination towards home healthcare, and rising number of elderly people.

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Portable Magnetic Resonance Imaging (MRI) by Segment

The study includes a forecast for the global portable magnetic resonance imaging (MRI) by type, application, end use, and region.

Portable Magnetic Resonance Imaging (MRI) Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Conventional
• Bio-Based

Portable Magnetic Resonance Imaging (MRI) Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Oncology
• Neurology
• Cardiology
• Gastroenterology
• Musculoskeletal
• Others

Portable Magnetic Resonance Imaging (MRI) Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Imaging Centers
• Ambulatory Surgical Centers
• Others

Portable Magnetic Resonance Imaging (MRI) Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Portable Magnetic Resonance Imaging (MRI) Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies portable magnetic resonance imaging (MRI) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the portable magnetic resonance imaging (MRI) companies profiled in this report include-

• Siemens
• General Electric
• Koninklijke Philips
• Hitachi
• Esaote
• Aspect Imaging
• Fonar
• Neusoft Corporation
• Aurora Healthcare
• Shenzhen Mindray Bio-Medical Electronics

Portable Magnetic Resonance Imaging (MRI) Market Insights

Lucintel forecasts that neurology will remain the largest segment over the forecast period due to the growing patient population, increased knowledge of portable MRI applications in neurology, and advantages of portable MRI in neurological injuries.

Within this market, hospital is expected to witness highest growth over the forecast period due to the rise in the number of patients, greater understanding of portable MRI's uses in neurology, and benefits of the technology for neurological injuries.

North America will remain the largest region during the forecast period due to the highly established healthcare system, widespread knowledge of portable MRI, and rise in the number of cases of chronic diseases like chronic obstructive pulmonary disorder (COPD) and asthma.

Features of the Global Portable Magnetic Resonance Imaging (MRI) Market

Market Size Estimates: Portable magnetic resonance imaging (MRI) market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Portable magnetic resonance imaging (MRI) market size by type, application, end use, and region in terms of value ($B).

Regional Analysis: Portable magnetic resonance imaging (MRI) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the portable magnetic resonance imaging (MRI) market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the portable magnetic resonance imaging (MRI) market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the portable magnetic resonance imaging (MRI) market size?

Answer: The global portable magnetic resonance imaging (MRI) market is expected to reach an estimated $3.5 billion by 2030.

Q2. What is the growth forecast for portable magnetic resonance imaging (MRI) market?

Answer: The global portable magnetic resonance imaging (MRI) market is expected to grow with a CAGR of 6.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the portable magnetic resonance imaging (MRI) market?

Answer: The major drivers for this market are increase in cases of chronic diseases as a result of changing lifestyles, growing inclination towards home healthcare, and rising number of elderly people.

Q4. What are the major segments for portable magnetic resonance imaging (MRI) market?

Answer: The future of the portable magnetic resonance imaging (MRI) market looks promising with opportunities in the hospital, imaging center, and ambulatory surgical center markets.

Q5. Who are the key portable magnetic resonance imaging (MRI) market companies?

Answer: Some of the key portable magnetic resonance imaging (MRI) companies are as follows:

• Siemens
• General Electric
• Koninklijke Philips
• Hitachi
• Esaote
• Aspect Imaging
• Fonar
• Neusoft Corporation
• Aurora Healthcare
• Shenzhen Mindray Bio-Medical Electronics

Q6. Which portable magnetic resonance imaging (MRI) market segment will be the largest in future?

Answer: Lucintel forecasts that neurology will remain the largest segment over the forecast period due to the growing patient population, increased knowledge of portable MRI applications in neurology, and advantages of portable MRI in neurological injuries.

Q7. In portable magnetic resonance imaging (MRI) market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region during the forecast period due to the highly established healthcare system, widespread knowledge of portable MRI, and rise in the number of cases of chronic diseases like chronic obstructive pulmonary disorder (COPD) and asthma.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the portable magnetic resonance imaging (MRI) market by type (conventional and bio-based), application (oncology, neurology, cardiology, gastroenterology, musculoskeletal, and others), end use (hospitals, imaging centers, ambulatory surgical centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?