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Mobile MRI Services Market Analysis By Type of services (mobile MRI scan services, mobile MRI leasing services), By Application (neurology, oncology, cardiology, musculoskeletal, others), By End-user (hospitals, diagnostic imaging centers, ambulatory surgical centers, others) & Forecast 2024-2035

  • PUBLISHED ON
  • 27/03/2023
  • NO OF PAGES
  • 294
  • CATEGORY
  • Healthcare & Life Sciences
In 2021, the market for Mobile MRI Services worldwide was worth $30.7 billion US dollars. AMR Group projects that the market will reach US$ 55.2 billion by 2031, growing at a CAGR of 6.9 percent between 2022 and 2031.

Industry Overview
Mobile MRI services refer to the provision of magnetic resonance imaging (MRI) services at the patient's location using a mobile MRI unit. Mobile MRI units are specially designed and equipped trailers or trucks that can be driven to a hospital, clinic, or any other location where MRI services are required. The mobile MRI units are self-contained and include all the necessary equipment and technology to perform high-quality MRI scans. Mobile MRI services are becoming increasingly popular as they offer several benefits compared to traditional fixed MRI systems. Some of these benefits include:
Convenience: Mobile MRI services provide patients with the convenience of receiving MRI services at a location that is closer to their home or workplace.
Flexibility: Mobile MRI services offer greater flexibility in scheduling MRI appointments as they can be conducted outside of regular office hours.
Cost-effectiveness: Mobile MRI services eliminate the need for expensive investments in fixed MRI systems and maintenance costs. Hospitals and clinics can rent mobile MRI units as and when required, thus reducing their overall costs.
Improved patient outcomes: Mobile MRI services reduce the need for patient transfers, which can be risky and uncomfortable, especially for critically ill patients. Mobile MRI units can be driven to the patient's location, reducing the risks associated with patient transfers.
Mobile MRI services are commonly used for diagnosing various medical conditions, including tumors, injuries, and neurological disorders. They are also used for preoperative and postoperative imaging and monitoring the progress of various diseases. The mobile MRI market is expected to grow significantly in the coming years due to the increasing demand for convenient and cost-effective medical imaging services.

Market Dynamics
The global mobile MRI services market is driven by several factors, including:
Increasing prevalence of chronic diseases: The rising incidence of chronic diseases, such as cancer, neurological disorders, and cardiovascular diseases, is driving the demand for medical imaging services, including MRI scans.
Growing demand for cost-effective healthcare solutions: Mobile MRI services offer a cost-effective solution for hospitals and clinics that do not have the resources to invest in expensive fixed MRI systems. The ability to rent mobile MRI units as and when required is also driving the demand for these services.

Advancements in MRI technology: The continuous advancements in MRI technology, such as the development of high-field MRI systems and 3D MRI imaging, are fueling the demand for mobile MRI services.
Increasing preference for outpatient imaging services: Patients prefer outpatient imaging services that offer greater convenience and flexibility, which is driving the demand for mobile MRI services.
Growing aging population: The aging population is more prone to chronic diseases, leading to an increase in demand for medical imaging services.
However, the market growth is also hindered by factors such as:
High capital investment: Mobile MRI services require a significant investment in equipment and infrastructure, which can be a challenge for smaller healthcare facilities.
Technological limitations: Mobile MRI services may not be able to offer the same level of imaging quality as fixed MRI systems due to limitations in the technology.
Regulatory hurdles: Mobile MRI services need to comply with various regulations and licensing requirements, which can be complex and time-consuming.
Competition from other imaging modalities: Mobile MRI services face competition from other imaging modalities, such as CT scans and ultrasound, which can limit their growth potential. Overall, the market for mobile MRI services is expected to grow in the coming years, driven by the increasing demand for cost-effective and convenient medical imaging solutions

COVID Impact
The COVID-19 pandemic has had a significant impact on the global healthcare industry, including the mobile MRI services market. The impact of COVID-19 on the mobile MRI market can be both positive and negative, depending on the specific circumstances.
Positive Impact:
Increased demand for medical imaging services: The COVID-19 pandemic has increased the demand for medical imaging services, including MRI scans, as healthcare providers look to diagnose and monitor COVID-19-related complications.
Need for mobile MRI services in remote areas: The pandemic has highlighted the need for mobile MRI services in remote and underserved areas, where patients may not have access to fixed MRI systems.
Use of mobile MRI units for COVID-19 testing: Mobile MRI units can be repurposed for COVID-19 testing by retrofitting them with the necessary equipment and technology.

Negative Impact:
Delayed or canceled appointments: Many patients have delayed or canceled their appointments for non-COVID related medical conditions, including MRI scans, due to concerns about exposure to the virus.
Decreased hospital revenue: The COVID-19 pandemic has resulted in decreased hospital revenue, which may limit the ability of healthcare providers to invest in mobile MRI services.
Supply chain disruptions: The pandemic has disrupted supply chains, leading to delays in the delivery of mobile MRI units and equipment. Overall, the impact of COVID-19 on the mobile MRI market has been mixed. While there has been an increased demand for medical imaging services, the pandemic has also resulted in several challenges for the market, including supply chain disruptions and reduced hospital revenue.

Regional Trend
The global mobile MRI services market can be segmented into several regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America is expected to hold the largest share of the mobile MRI services market, owing to the presence of a well-established healthcare infrastructure, high healthcare expenditure, and increasing prevalence of chronic diseases. Additionally, the region has a large number of mobile MRI service providers and a high adoption rate of advanced medical technologies.
Europe is also expected to have a significant market share, driven by the growing demand for medical imaging services, increasing prevalence of chronic diseases, and a well-established healthcare infrastructure. The market in the region is further fueled by favorable government initiatives and increasing investment in healthcare infrastructure.
The Asia Pacific region is expected to witness significant growth in the mobile MRI services market, owing to a large patient pool, increasing prevalence of chronic diseases, and rising healthcare expenditure. The market in the region is also driven by the growing demand for advanced medical technologies and increasing awareness about the benefits of early diagnosis and treatment.
Latin America and the Middle East and Africa are expected to witness moderate growth in the mobile MRI services market, driven by the increasing demand for medical imaging services, improving healthcare infrastructure, and rising healthcare expenditure.
Overall, the mobile MRI services market is expected to witness significant growth across all regions, driven by increasing demand for advanced medical technologies, rising prevalence of chronic diseases, and improving healthcare infrastructure

Competitive Landscape
The mobile MRI services market is highly competitive, with a large number of regional and global players competing for market share.

Some of the key players in the market include:
Alliance HealthCare Services
Mediso Medical Imaging Systems
Insight Imaging
Alliance Medical
Accurate Imaging
Arche Healthcare
Imaging On Site
Diagnostic Health Services
Nuffield Health
GE Healthcare

These companies are focusing on expanding their geographical presence, investing in research and development, and launching new products and services to gain a competitive edge in the market. They are also focusing on partnerships and collaborations to expand their service offerings and enhance their market presence. The market is also witnessing the entry of new players, which is intensifying the competition. These new players are focusing on offering specialized services and innovative solutions to differentiate themselves from the existing players.
Overall, the mobile MRI services market is highly competitive, and players are expected to continue investing in research and development, expanding their geographical presence, and launching new products and services to maintain their market position

Market Segmentation
The mobile MRI services market can be segmented based on the following factors:
Type of services: The market can be segmented into mobile MRI scan services and mobile MRI leasing services.
Application: The market can be segmented into neurology, oncology, cardiology, musculoskeletal, and others.
End-user: The market can be segmented into hospitals, diagnostic imaging centers, ambulatory surgical centers, and others.
Geography: The market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Type of MRI system: The market can be segmented into open MRI, closed MRI, and standing MRI.
Modality: The market can be segmented into 1.5T, 3T, and others.
Offering: The market can be segmented into MRI system installation and maintenance services, and MRI equipment rental services.
Patient type: The market can be segmented into adult, pediatric, and geriatric.
Service provider: The market can be segmented into hospital-based providers and standalone service providers.
Overall, the market segmentation of mobile MRI services can help companies to understand the market demand and customize their services to meet the specific needs of different customer groups.
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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