U.S. Mobile MRI Services Market Size, Share & Trends Analysis Report By Application (Neurological, Cardiovascular), By End-use (Hospitals, Imaging Centers), And Segment Forecasts, 2023 - 2030

Report Overview

The U.S. mobile MRI services market was valued at USD 1.19 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 3.1% from 2023 to 2030. 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.

Application Insights

The neurological segment held the largest market share of 37.19% in 2022 and is expected to expand at the fastest CAGR during the forecast period. MRI is the most preferred modality for scanning and investigating the brain and neurological conditions such as brain tumors. Furthermore, the growing prevalence of neurological disorders is expected to boost the adoption of these devices over the forecast period. For instance, an article published in science direct suggests that more than 12 million Americans would be impacted by neurodegenerative disorders by 2050 if new treatments are not developed. Since MRI is the best option for neurological imaging, the segment is expected to expand at a significant rate during the forecast period.

The cardiovascular segment is also anticipated to witness significant growth during the forecast period, owing to the increase in the prevalence of cardiac diseases, such as heart valve problems, arrhythmia, stroke, and heart attack. For instance, as per the CDC, In the U.S., cardiovascular disease is the leading cause of death, the same source stated that cardiovascular disease affected the lives of approximately 697,000 people in 2020. The increase in the prevalence is propelling the demand for mobile MRI systems for better diagnosis and treatment options at patients’ doorstep.

End-use Insights

The hospital segment held the largest revenue share of 48.0% in 2022 and is further expected to expand at the fastest CAGR of 3.6% over the forecast period. Hospitals are increasingly adopting mobile imaging services because they save space and hence require less initial infrastructure investment. Furthermore, Mobile MRI units can also be helpful as a temporary MRI option 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. The aforementioned factors are expected to contribute to the market growth.

The imaging centers segment is also anticipated to witness a significant CAGR over the forecast period. In a single location, imaging centers provide imaging services using a variety of modalities. The majority of hospitals that lack the space for a specialized MRI room can benefit from these facilities. These facilities also offer their services to numerous hospitals. Thus, managing the volume of patients at these centers becomes challenging. However, many patients within a given geographic area could now receive MR diagnostic services due to the expanding popularity of mobile MRI.

Key Companies & Market Share Insights

The leading players in the U.S. mobile MRI services market are focused on forming a partnership to improve imaging services and patient care, taking advantage of important cooperation activities, and exploring mergers & acquisitions. For instance, in April 2021, Star Equity Holdings, a diversified holding company with three divisions: healthcare, construction, and investments, sold off the company's mobile healthcare segment, DMS Health Technologies, Inc., for a cash payment of USD 18.75 million. Some of the prominent players in the U.S. mobile MRI services market include:

• Shared Medical Services

• DMS Health

• KMG

• Front Range Mobile Imaging, Inc.

• Meridian Group International

• INTERIM DIAGNOSTIC IMAGING, LLC

U.S. Mobile MRI Services Market Report Scope

U.S. Mobile MRI Services Market Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. mobile MRI services market report based on application and end-use:

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Neurological

  • Cardiovascular

  • Vascular

  • Others

• End-use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Imaging Centers

  • Others