Portable MRI Market Size Regional Outlook, Trends, Key Companies Profile, CAGR And Forecast To 2031

The most recent study conducted by Report Ocean, titled “Global Portable MRI Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Portable MRI. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.

Global Portable MRI Market to reach USD $ billion by 2027.Global Portable MRI Market is valued at approximately USD $ billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.8 % over the forecast period 2021-2027. Portable MRI is a medical imaging technique, which is used in radiology to produce pictures of the anatomy and the physiological processes of the body. The increase in technological advancements, increasing number of public and private diagnostic centers has led to the adoption of Portable MRI across the forecast period.

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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

For Instance: According to Cancer Research UK, the population suffering from cancer is expected to increase in the future. As per its 2018 report, if recent trends in the incidence of major cancers and population growth are consistent, it is predicted that there will be 27.5 million new cancer cases worldwide each year by 2040. Also, with the increasing number of public and private diagnostic centers, the adoption & demand for Portable MRI is likely to increase the market growth during the forecast period. However, high costs impede the growth of the market over the forecast period of 2021-2027.

The key regions considered for the global Portable MRI market study includes 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 owing to the well-established healthcare system. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as rising disposable income, rising incidences of injuries and improving healthcare infrastructure would create lucrative growth prospects for the Portable MRI market across Asia-Pacific region.

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

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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

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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

Russia-Ukraine War on Market

The market is anticipated to suffer because of the Russia-Ukraine War. The demand for the market has decreased as a result of the political unrest and economic unrest in the area. The war had a detrimental impact on global economic activity, adding to inflationary pressures globally and hindering the post-pandemic recovery, even if it was not the primary cause of the slower-than-anticipated economic growth in 2022 and revised estimates for 2023.

The Five Forces analysis examines the following factors:

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry

The PESTLE analysis takes into account the following dimensions:

  • Political factors: This includes political policies, stability, and factors related to trade, fiscal policies, and taxation policies.
  • Economic factors: This involves analyzing interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates.
  • Social factors: These encompass changing family demographics, education levels, cultural trends, shifts in attitudes, and changes in lifestyles.
  • Technological factors: This examines changes in digital or mobile technology, automation, and research and development in the relevant industry.
  • Legal factors: This entails analyzing employment legislation, consumer law, health and safety regulations, as well as international trade regulations and restrictions.
  • Environmental factors: This dimension considers aspects such as climate change, recycling procedures, carbon footprint, waste disposal, and sustainability practices.

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About Report Ocean:

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