U.S. Mobile MRI Services Market (By Application: Neurological, Cardiovascular; By End-use: Hospitals, Imaging Centers) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The U.S. mobile MRI services market was surpassed at USD 1.2 billion in 2022 and is expected to hit around USD 1.63 billion by 2032, growing at a CAGR of 3.13% from 2023 to 2032.

Key Pointers

• The neurological segment held the largest market share of 37.2% in 2022 and is expected to expand at the fastest CAGR during the forecast period.
• The cardiovascular segment is also anticipated to witness significant growth during the forecast period.
• The hospital segment held the largest revenue share of 48.02% in 2022 and is further expected to expand at the fastest CAGR of 3.64% over the forecast period.
• The imaging centers segment is also anticipated to witness a significant CAGR over the forecast period.

The major factors attributed to the growth include the convenience and cost-effectiveness of mobile MRI service compared to traditional imaging equipment. The market is further driven by the increasing prevalence of chronic disorders such as cancer, cardiovascular, and neurological conditions. For instance, according to the International agency for cancer research, in 2020 there were about 2,281,658 new cancer cases in the U.S., which is expected to increase to 8,432,938 by 2025.

Furthermore, the benefits provided by mobile MRI facilities have been a major factor in driving their adoption by patients and healthcare professionals; the patients can remain in the care of the renowned facility and in the comfort of their familiar surroundings while being examined quickly and effectively by mobile imaging staff. Mobile MRI is an efficient modality that many end users are adopting owing to its numerous advantages, thus boosting the market growth. A facility may require a mobile unit for a number of reasons, such as its flexibility to relocate to any location the facility needs to provide MRI tests at various hospitals or imaging centers in a network, or the ability to offer patients a lower travel distance within a large institution.

Some facilities find it more convenient to provide MRI services next to parking lots so that patients never have to enter the facility. In addition, mobile MRI can potentially be helpful as a temporary MRI alternative for a hospital. This includes when a building is being constructed when a fixed unit is being repaired or maintained, or when determining whether a fixed unit will be useful in the future. Before incurring the costs involved in buying a new unit, a hospital or medical practice can use mobile MRIs to see how much demand they would have if they provided the on-site services of a fixed MRI machine.

The need for mobile MRI services is anticipated to increase owing to the rising incidence of cardiovascular and cancer disorders. Medical imaging assists in the early and precise diagnosis of disorders, which then help in the successful management of diseases. Therefore, many end users are adopting mobile MRI. Additionally, this end-user organizes medical camps in the vicinity of hospitals and imaging centers to reach out to the community and undertake screenings in an effort to control the rising illness burden. Patients don't need to travel to hospitals or specialized imaging centers because they can view their results remotely, however, they need to visit the hospital to get a treatment plan from a physician.

U.S. Mobile MRI Services Market Segmentations and Key Players: