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Global Portable MRI Market to reach USD 5.47 billion by 2028

Global Portable MRI Market Size study, by Type (Superconducting-magnet-based portable MRI, Electromagnet-based portable MRI and Permanent-magnet-based portable MRI), by Imaging (General Brain Imaging, Headaches, Stroke, Non-Specific Muscular Weakness and Encephalopathy) and Regional Forecasts 2020-2028

Product Code: HLSMDE-63911080
Publish Date: 30-04-2022
Page: 200

Global Portable MRI Market is valued at approximately USD 3.68 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.82% over the forecast period 2020-2028. Portable MRI is a medical imaging system, which is used in radiology to produce pictures of the anatomy and the physiological processes of the body. It enables point-of-care applications for diagnostics. The increasing government spending & initiatives towards public health drives the market growth across the forecast period. For instance, according to The Commonwealth Fund, the United States spent 16.9 percent of gross domestic product on healthcare, OECD countries spent around 8.3 percent and Switzerland spent 12.2 towards public healthcare in 2018. The other driving factor for the market growth is the growing cases of cancer and cardiac diseases. For instance, according to the International Agency for Research on Cancer (IARC), in 2018 there were approximately 17 million cancer cases, and the number of cancer cases is expected to reach 27.5 million by 2040 worldwide. Also, rising technological advancements and increasing number of public and private diagnostic centres are likely to increase the market growth during the forecast period. However, high cost of products and complex scanning procedure impedes the growth of the market over the forecast period of 2020-2028.

The key regions considered for the global Portable MRI market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share and is also anticipated to exhibit the highest growth rate over the forecast period 2020-2028 owing to the growing prevalence of diseases, new product launches and rising research and development activities.

Major market players included in this report are:
Aurora Imaging Technology Inc.
GE Healthcare
Toshiba Corporation
Siemens Healthineers
Canon Medical Systems
Hyperfine
Voxelgrids
Bruker Corporation
Koninklijke Philips N.V.
Hitachi Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Superconducting-magnet-based portable MRI
Electromagnet-based portable MRI
Permanent-magnet-based portable MRI
By Imaging:
General Brain Imaging
Headaches
Stroke
Non-Specific Muscular Weakness
Encephalopathy
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Portable MRI Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Portable MRI Market, by Region, 2020-2028 (USD Billion)
1.2.2. Portable MRI Market, by Type, 2020-2028 (USD Billion)
1.2.3. Portable MRI Market, by Imaging, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Portable MRI Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Portable MRI Market Dynamics
3.1. Portable MRI Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Increase government spending & initiatives towards public health
3.1.1.2. Growing cases of cancer and cardiac diseases
3.1.2. Market Challenges
3.1.2.1. High cost of products and complex scanning procedure
3.1.3. Market Opportunities
3.1.3.1. Rising technological advancements
3.1.3.2. Increasing number of public and private diagnostic centres
Chapter 4. Global Portable MRI Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Portable MRI Market, by Type
6.1. Market Snapshot
6.2. Global Portable MRI Market by Type, Performance – Potential Analysis
6.3. Global Portable MRI Market Estimates & Forecasts by Type, 2019-2028 (USD Billion)
6.4. Portable MRI Market, Sub Segment Analysis
6.4.1. Superconducting-magnet-based portable MRI
6.4.2. Electromagnet-based portable MRI
6.4.3. Permanent-magnet-based portable MRI
Chapter 7. Global Portable MRI Market, by Imaging
7.1. Market Snapshot
7.2. Global Portable MRI Market by Imaging, Performance – Potential Analysis
7.3. Global Portable MRI Market Estimates & Forecasts by Imaging, 2019-2028 (USD Billion)
7.4. Portable MRI Market, Sub Segment Analysis
7.4.1. General Brain Imaging
7.4.2. Headaches
7.4.3. Stroke
7.4.4. Non-Specific Muscular Weakness
7.4.5. Encephalopathy
Chapter 8. Global Portable MRI Market, Regional Analysis
8.1. Portable MRI Market, Regional Market Snapshot
8.2. North America Portable MRI Market
8.2.1. U.S. Portable MRI Market
8.2.1.1. Type breakdown estimates & forecasts, 2019-2028
8.2.1.2. Imaging breakdown estimates & forecasts, 2019-2028
8.2.2. Canada Portable MRI Market
8.3. Europe Portable MRI Market Snapshot
8.3.1. U.K. Portable MRI Market
8.3.2. Germany Portable MRI Market
8.3.3. France Portable MRI Market
8.3.4. Spain Portable MRI Market
8.3.5. Italy Portable MRI Market
8.3.6. Rest of Europe Portable MRI Market
8.4. Asia-Pacific Portable MRI Market Snapshot
8.4.1. China Portable MRI Market
8.4.2. India Portable MRI Market
8.4.3. Japan Portable MRI Market
8.4.4. Australia Portable MRI Market
8.4.5. South Korea Portable MRI Market
8.4.6. Rest of Asia Pacific Portable MRI Market
8.5. Latin America Portable MRI Market Snapshot
8.5.1. Brazil Portable MRI Market
8.5.2. Mexico Portable MRI Market
8.6. Rest of The World Portable MRI Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Aurora Imaging Technology Inc.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. GE Healthcare
9.2.3. Toshiba Corporation
9.2.4. Siemens Healthineers
9.2.5. Canon Medical Systems
9.2.6. Hyperfine
9.2.7. Voxelgrids
9.2.8. Bruker Corporation
9.2.9. Koninklijke Philips N.V.
9.2.10. Hitachi Ltd.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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