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Mobile MRI Services Market Size
Mobile MRI Services Market size was valued at USD 3.1 billion in 2022 and is estimated to account for USD 5.1 billion by 2032. The mobile MRI services is the provision of MRI scanning using portable MRI systems that can be transported to various locations.
Growing demand for diagnostic imaging services among geriatric population base is one of the major factors driving the market progress. According to the WHO, the elderly population size is estimated to double in size from 1 billion in 2020 to 2.1 billion by 2050. Thus, increasing demand for diagnostic practices among elder population is projected to stimulate market expansion.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 3.1 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4.9% |
| 2032 Value Projection: | USD 5.1 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 155 |
| Segments covered: | Application, End-use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Advancements in mobile MRI technology have led to the development of more compact, efficient, and high-performance MRI systems designed for mobility. These technological improvements have made it possible to provide high-quality MRI imaging services outside traditional hospital settings. Adding to this, the mobile MRI unit is equipped with advanced software for image processing and analysis, enabling quicker and more accurate diagnosis. Thus, aforementioned factors will positively influence the demand for mobile MRI services.
COVID-19 Impact
The use of medical imaging devices increased significantly during the COVID-19 pandemic. Mobile imaging service providers initiated offering home-based imaging services, which allowed patients to receive diagnostic tests in the safety and comfort of their homes. Therefore, the continued adoption of imaging services throughout the pandemic further stimulated the market demand.
Mobile MRI services Market Trends
Mobile MRI imaging systems offer numerous advantages in the medical imaging services market space which is estimated to reach USD 968 billion by 2032, in order to precisely diagnose health conditions among the population. Further, growing prevalence of chronic disorders such as cardiovascular, cancer, and neurological conditions is anticipated to accelerate the market demand. Developed regions such as North America and Europe have a high adoption rate of mobile imaging services due to its more accurate diagnostic solutions for several chronic diseases that are contributing to improved patient outcomes in future.
- According to the American Cancer Society, more than 1.9 million new cases suffering from cancer were diagnosed in 2022. Thus, cancer is one of the primary factors driving demand for medical imaging techniques such as MRI.
- Increasing demand for advanced diagnosis and considerable investment in technologically superior services will favour market size.
Mobile MRI Services Market Analysis
The market by application is categorized into oncology, neurological, cardiovascular, vascular, and others. The neurological segment garnered USD 727.3 million revenue size in the year 2022.
- MRI is the primarily used modality for scanning and investigating the brain and neurological conditions such as brain tumors. It can assist in identifying the type of tumor, which is crucial for selecting the best course of action.
- Mobile MRI services enable regular monitoring of multiple sclerosis patients to detect new lesions and assess in understanding disease progression.
- Thus, rising prevalence of neurological illnesses is likely to drive up demand for mobile MRI services during the forecast period.
The mobile MRI services market by end-use is categorized into hospitals, imaging centers, and others. Hospitals held over 58% of industry share in 2022.
- Mobile MRI is widely used in hospitals for a variety of diagnostic and therapeutic purposes.
- These systems offer versatility and flexibility in patient care, especially in emergencies, critical care, and underserved areas. It enhances the hospital's diagnostic capabilities and patient experience while providing practical solutions for various healthcare scenarios. Hence, the factors listed above are projected to contribute towards market growth.
U.S. mobile MRI services market accounted for USD 898.2 million revenue size in 2022 and is predicted to witness substantial market growth over the analysis timeline.
- Technological advancements coupled with substantial healthcare expenditure are the factors driving the market progress. Increasing incidence of chronic diseases further stimulates the use of mobile MRI services.
- Major players in the industry are focusing on development of innovative mobile MRI systems thereby creating new opportunities for the U.S. market demand.
Mobile MRI services Market Share
The mobile MRI services industry is consolidated in nature, with major companies competing to offer superior products in this business space. Prominent players such as Siemens Healthineers holds a significant share in the market. The companies are diligently directing their efforts towards continuous product innovation to gain substantial market share. For instance, Siemens Healthineers introduced Magnetom Viato.Mobile, the mobile MRI scanner that brings high-quality MR imaging.
Some of the eminent market participants operating in the mobile MRI services industry include:
- Shared Medical Services
- DMS Health
- Hyperfine, Inc
- Front Range Mobile Imaging, Inc.
- Meridian Group International
- Interim Diagnostic Imaging
- Alliance HealthCare Services
- Digirad Corporation
- Siemens Healthineers
- Akumin Inc
Mobile MRI services Industry News:
- In June 2022, Hyperfine, Inc., finished the registration and notification processes in Australia and New Zealand for its Swoop Portable MRI System. This strategy led to strengthening of company’s position in the mobile MRI services market coupled with geographical expansion.
- In February 2022, Kingston Health Sciences Centre and Queen's University deployed a portable MRI system, the Swoop System. These systems improve patient care in remote areas of northern communities in Canada wherein access to conventional MRI is said to be limited.
Mobile MRI services market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments: Click here to Buy Section of this Report
By Application, 2018-2032 (USD Million)
- Oncology
- Neurological
- Cardiovascular
- Vascular
- Other applications
By End-use, 2018-2032 (USD Million)
- Hospitals
- Imaging centers
- Other end-users
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
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