Portable MRI Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: GE Healthcare, Siemens Healthineers, Philips Healthcare, Canon Medical Systems

The market for Portable MRI is anticipated to increase at a CAGR of 7.5% during the forecast period 2022 - 2027.

Portable MRI Market Overview

Portable magnetic resonance imaging (MRI) is a game-changing advancement in the realm of healthcare. This advancement broadens the uses and creates new opportunities for the use of MRI in the diagnosis of various disorders. The first portable MRI system, which was approved by the US Food and Drug Administration (US FDA) in 2020 and was 20 times less expensive than standard MRI systems, was released. During the forecast period, market growth is anticipated to pick up due to advantages that portable MRI has over traditional or conventional MRI. Some of the key benefits of portable MRI over traditional MRI include ease of scanning, affordability, lower power usage (35 times less than conventional), and ten times lighter weight. The desire for portable MRI is being pushed by the idea of extending MRI's reach through cost reduction. By making MRI tests more accessible to more patients, portable MRI applications help the reduction of costs, sitting, and operational burdens, directly contributing to the improvement of healthcare as a whole. Additionally, portable MRI is used more frequently and for a wider range of purposes. Technology improvements in MRI scanners, particularly specialty scanners, have brought about a novel imaging technique. When compared to the current models, the costs of these scanners showed sub-optimal commercialization. The ease of access and opportunity for commercialization brought on by the COVID-19 epidemic is the additional component that gives portable MRI sales momentum.

Industry News and Updates

2021-07-06: Siemens Healthineers Announces FDA Clearance of MAGNETOM Free.Max 80 cm MR Scanner--

Siemens Healthineers announces the Food and Drug Administration (FDA) clearance of the MAGNETOM Free.Max, a new High-V magnetic resonance (MR) scanner that combines a 0.55 Tesla (0.55T) field strength with deep learning technologies and advanced image processing. By doing so, the scanner broadens the range of MR clinical applications and provides customers with the inherent clinical benefits of a mid-field MR scanner. The first and only 80 cm wide-bore system available, the MAGNETOM Free.Max also facilitates MR scanning for extremely obese and claustrophobic patients, enhancing the patient experience.

What are the major Applications, Types and Regions for Portable MRI Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Superconducting-magnet-based Portable MRI


• Electromagnet-based Portable MRI


• Permanent-magnet-based Portable MRI

By Application, it is segmented into

• Hospitals


• Clinics


• Ambulatory Surgical Centers


• Research Laboratories

Portable MRI Market Regional Analysis

North America is made up of three countries: the United States, Canada, and Mexico. A strong healthcare system, high public knowledge of portable MRI and its uses, and the local presence of important industry players are a few of the main causes of the enormous demand and, consequently, the largest market share in North America. Data from Hyperfine's 2021 annual report indicates that the company installed more than 50 units after gaining authorization from various regulatory bodies. Therefore, it is anticipated that rising demand for this system and investments made by businesses in the development and marketing of portable MRI will quicken market expansion in the North American area. Because of the rising frequency of chronic diseases in the region, as well as increasing technical improvements, Europe is expected to take a substantial part of the market for portable MRI after North America.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Portable MRI Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Portable MRI Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Portable MRI Market report scope?

Key Takeaways from this Portable MRI Market Report

• Evaluate Portable MRI market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Portable MRI market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Portable MRI Market?

The Portable MRI Market is growing at a CAGR of 7.5% over the next 5 years.

Who are the key players in Portable MRI Market?

GE Healthcare, Siemens Healthineers, Philips Healthcare, Canon Medical Systems, Hyperfine, Voxelgrids, PrizMed Imaging, JMP Medical

What are the significant types of Portable MRI Market?

Superconducting-magnet-based Portable MRI, Electromagnet-based Portable MRI, Permanent-magnet-based Portable MRI

What are the major end-use applications of Portable MRI Market?

Hospitals, Clinics, Ambulatory Surgical Centers, Research Laboratories

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