Mobile Medical Imaging Services Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)

Mobile Medical Imaging Services Market Size

Mobile Medical Imaging Services Market Analysis

MRI Category To Witness Fastest Growth

The mobile X-ray category held the largest revenue share, of around 30%, in 2022, mainly due to the multiple initiatives, investments, and regulations of government organizations to enhance radiography services. The benefits of digital X-ray systems, such as their accuracy and speed, quick processing, and significantly higher patient screening volumes, have aided their adoption. This has compelled businesses to concentrate on product development and innovation. With quality diagnostic images, these systems enable radiologists to address a wide range of health conditions.

GE Healthcare's introduction of AMX Navigate, a portable digital X-ray system, in September 2021 is one of the most-recent developments in the mobile medical imaging services market.

The MRI category is expected to experience the highest CAGR, over 7%, during 2022–2030, powered by the rising occurrence of multiple sclerosis and brain injuries. The adoption of various advanced technologies, such as visualization software, superconducting magnets, and open MRI, in diagnostic centers is propelling the category growth. The evolution of cardiac pacemaker-compatible MRI systems and utilization of paramagnetic contrast agents, such as gadolinium-DTPA, in IV injections, to come up with accurate and precise images in a shorter time, are offering opportunities for the category growth.

Mobile Medical Imaging Services Used Most by Adult Patients

The adult patients category will account for the largest share, of around 60%, in 2030. The same category is set to register the highest CAGR, of around 8%, in the forecast period, driven by the promulgating incidence of chronic diseases, such as CVDs, cancer, and endocrinal, GI, and neurological disorders, in adults. Chronic diseases are long-term health conditions that primarily affect the elderly and, often, have no cure.

These illnesses can last for more than a year and necessitate treatment because they limit activities of daily living (ADLs). The use of mobile imaging solutions reduces the time medical professionals spend conducting diagnostic examinations and increases their productivity. The rising prevalence of cardiovascular diseases is also expected to fuel the mobile medical imaging services market growth.

Home Healthcare Category Is Signicant User of Mobile Medical Imaging Services

The home healthcare category accounted for significant revenue share, of around 30%, in 2022. The same category is expected to show the highest CAGR, of around 7%, in the forecast period. This is on account of the several government initiatives to strengthen the remote patient monitoring ecosystem. Home healthcare services primarily focus on monitoring as well as ensuring the wellbeing of individuals battling serious diseases. Mobile devices enable imaging services to be provided to patients with limited space and funds. Mobile X-rays and ultrasounds can be used to provide diagnoses to people at their homes, which is especially beneficial for the elderly.

Furthermore, the increasing acceptance of mobile medical imaging services in emerging markets, as well as the significant advances in digital radiology, will encourage new firms to enter the market in the coming years.

Regional Analysis

North America Is Leader in Market

North America dominated the mobile medical imaging services market in 2022, with a value of around USD 6.5 billion. This is primarily attributable to the presence of a large number of market players in the U.S. North America has a higher rate of adoption of mobile medical imaging services than other regions. In this regard, the growth in the demand for remote patient monitoring and telemedicine services in the region are expected to drive the market growth.

The implementation of government regulations on the use of X-ray systems has created new growth opportunities for the vendors in the North American market. Cancer has seen a significant increase in prevalence in the U.S. in recent years, accounting for a quarter of all the deaths. Therefore, in July 2021, the Radiological Society of North America’s Research and Education Foundation Board authorized more than USD 3 million in radiation research and education grants, with a 30% funding rate for grant applications.

Europe held the second-largest revenue share, of around 30%, in 2022. The potential to bring complex diagnostic instruments to patients, as well as the improvements in domestic and international remote radiation services, are significant for primary medical imaging care in the region. In the Europe region, Germany, the U.K., and France account for an around 50% market share, propelled by the presence of a large number of service providers and their association with private clinics and hospitals to deliver mobile imaging services.

Furthermore, in France, medical device and equipment manufacturers spend enormous amounts in R&D activities, which is further burgeoning the market growth in the region. Moreover, the surging incidence of cancer and the presence of a large number of key players in the region are augmenting the regional market growth.

Asia-Pacific held the third-largest share in 2022, mainly due to the technological advancements, surging cancer incidents, and rising disposable income. In the region, portable imaging services are finding increasing adoption in China and India, which is augmenting the revenue for providers. Furthermore, the presence of prominent key players, such as Hitachi Ltd and Konica Minolta, in China is expected to offer lucrative opportunities for the market growth.

Market Breakdown

Based on Type

• X-Ray
• CT
• Ultrasound
• MRI

Based on Patient Type

• Adults
• Pediatrics

Based on End User

• Hospitals and Clinics
• Home Healthcare Settings
• Ambulatory Settings

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East and Africa
  • Saudi Arabia
  • South Africa

Top Mobile Medical Imaging Services Companies