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Handheld MRI Machines Market

The market for Handheld MRI Machines was estimated at $3.1 billion in 2025; it is anticipated to increase to $4.3 billion by 2030, with projections indicating growth to around $5.9 billion by 2035.

Report ID:DS1801240
Author:Debadatta Patel - Senior Consultant
Published Date:
Datatree
Life Science
Medical Device
Handheld MRI Machines
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Market Data
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Table of Contents

Global Handheld MRI Machines Market Outlook

Revenue, 2025

$3.1B

Forecast, 2035

$5.9B

CAGR, 2026 - 2035

6.5%

The Handheld MRI Machines industry revenue is expected to be around $3.1 billion in 2026 and expected to showcase growth with 6.5% CAGR between 2026 and 2035. Advances in portable MRI technology have allowed handheld MRI scanners to become a key component in the diagnostic process. Hospitals and clinics are investing in MRI machines to improve the speed and accessibility of imaging tests. Their central pitch is that the device enables MRI scans to be carried out at the bedside, cutting the need for patients to be transferred, thereby speeding up decision making in emergencies and intensive care, and increasing the availability of imaging in poorer facilities. Technological progress has boosted adoption in permanent magnet imaging equipment, with this alone generating around $1.3 billion in revenue in 2025, due to the high level of confidence which medical professionals have in the quality of images produced by these systems, their reliability and the reduced running costs. The trend for a decentralised healthcare system, together with rising need for bedside MRI availability, indicates that portable MRI devices are likely to remain a vital region of interest in the healthcare sector as time passes. Healthcare providers are putting more emphasis on patient care, improved patient outcomes and efficiency.

Compact portable MRI scanners consist of lightweight permanent magnets, highly advanced coils and smart computerised image reconstruction software. These elements are all integrated into the MRI machine itself. Portable equipment is noted for low power consumption, decreased noise levels, portable control panels and the ability to be rapidly deployed in emergency wards, ICUs or outpatient clinics. Musculoskeletal and neurological applications together account for 64.8% of ultrasound usage. This is due to a growing requirement for sports medicine and orthopaedics, including for the assessment of joints and soft tissue, as well as acute care assessments requiring real time scanning of the brain. Among these applications, extensions to the core segments are being seen in paediatrics, intraoperative guidance and remote healthcare, with operators requiring flexible systems which can complement rather than replace standard MRI scanners. The demand for handheld MRI devices is expected to be driven by technological advancements in permanent magnet MRI technology, growing clinician knowledge and increasing integration with hospital IT systems.

Handheld MRI Machines market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2025-2035
Handheld MRI Machines Market Outlook

Market Key Insights

  • By 2035, the portable MRI machines market is expected to reach $5.9 billion in comparison to $3.1 billion in 2025. The sector has witnessed a compound annual growth rate of 6.5%. This growth is the result of the increasing requirements of Emergency Diagnosis, Remote Medical Services and medical studies and research.

  • Among the leading players in this market are GE HealthCare Technologies Inc., Siemens Healthineers and Hyperfine Inc. These companies are responsible for the competitive landscape which they have shaped.

  • The North America and Germany markets, are set to dominate the Handheld Mri Machines market, with both region's anticipated to experience growth, at a compound annual rate of 4.2% to 6.2%, between 2025 and 2030.

  • The highest growth is forecast to occur in emerging markets such as South Africa, India and Brazil. These are expected to expand at a compound annual growth rate of 7.5% to 9% .

  • Trends such as shrinking in size and expanding possibilities are expected to have a significant impact on the value chain of the US and German markets. By 2030, this trend is predicted to add $110 million in revenue to the handheld MRI machines industry.

  • The handheld MRI machines market will go up by $2.7 billion from 2025 to 2035. Companies that work on musculoskeletal and gastroenterology uses will likely get a larger share of the market.

  • Market estimates indicate that the Handheld MRI Machine industry will grow 88% between 2025 and 2035 due to escalating demand for portable diagnostic equipment and technology advancements within imaging techniques.

handheld mri machines market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032
Handheld MRI Machines - Country Share Analysis

Opportunities in the Handheld MRI Machines

Frequent monitoring of Parkinsons disease, post stroke changes and multiple sclerosis is also required in Japan and high income European countries where the population is ageing. With the aid of ultra light handheld MRI machines connected via 5G technology to hospital radiologists specialising in the brain, nurses visiting patients can scan patients at home and make any necessary adjustments remotely. Research into compact superconducting magnets is anticipated to create spin off technological effects. The global market in these magnets is expected to rise from $1.06 billion in 2025 to $1.46 billion in 2030 at a Compound Annual Growth Rate of 6.65%. This could stimulate the market for handheld neuroimaging scanners used in home care settings.

Growth Opportunities in North America and Asia-Pacific

The main application for portable MRI machines in North America will be neurological. There are a number of reasons for this, including the high number of people in North America who suffer strokes and the need to keep track of neurodegenerative diseases. Additionally, there is an effort in North America to increase point of care medical imaging in emergency rooms and in ICUs. Key region's for portable MRI technology involve deployment in acute stroke pathways, as part of neuro intensive care units, and within mobile stroke units. With this technology, hospitals can implement quick patient assessment, examination for hemorrhage and others of brain injuries and continuous monitoring of patients who are critically ill with neurological conditions. The MRI market is influenced by existing hospital relationships and established companies who supply MRI equipment. New businesses may specialise in low field MRI scanners and in tele radiology links to computers. Key regional drivers in the market include hospital consolidation which rewards vendors offering scalable fleet management and cybersecurity compliant integration, a strong digital infrastructure which enables cloud linked compact MRI systems, plus a system favouring reduced transfer rates and shorter length of stay through value based reimbursement.
The handheld MRI market in Asia will grow due to the increasing number of orthopaedic operations and sports injuries in countries such as India, China, Japan and ASEAN. A large market potential exists for smaller MRI scanners in clinics specialising in sports medicine and in hospitals not only offering an MRI service. These devices allow a quicker diagnosis and treatment, by cutting down on the referrals that would otherwise be required to hospitals that have an MRI scanner. As the market expands, price sensitive regional vendors are now competing with global suppliers. This competition is driven by the regional vendors local production, flexible payment options and ruggedised products which cater for region's with many people and limited resources and which have a high demand. Key growth drivers for the market include expansion of government diagnostic programmes into towns other than tier one, increasing private investment in ambulatory care centres and the wider acceptance of lower field MRI technology for routine work such as musculoskeletal and neurological care.

Market Dynamics and Supply Chain

01

Driver: Increasing Demand for Portable Diagnostic Devices, and Rising Prevalence of Chronic Diseases

The healthcare sector is also experiencing a rise in the demand for portable diagnostic tools due to the increasing need for practical and adaptable devices that can also be conveniently carried for quick testing and treatment purposes, in urgent medical scenarios. Handheld MRI Machines meet these requirements with their portability and effectiveness. They enable practitioners to perform immediate scans right by the patients side saving valuable time in the diagnosis and treatment process. The ever-increasing global prevalence of chronic diseases that require routine imaging for diagnosis, monitoring, and management has also been a crucial for the Handheld MRI Machines market. Chronic conditions, such as advanced cancer, Diagnostics and neurological disorders, often necessitate regular MRI scans. The convenience of Handheld MRI Machines allows for frequent, non-invasive imaging to keep track of disease progression and treatment response.
Recent advancements in technology have also boosted the development of MRI devices by enhancing imaging capabilities significantly. The developments in this field have also made it possible to produce top notch images with clarity and patient convenience all within a compact design. These technological strides have also not only just enhanced results but also sparked greater interest, in handheld MRI devices.
02

Restraint: High Acquisition Costs

The significant upfront investment required to buy MRI machines poses a major barrier to their widespread use among medical professionals worldwide due to their cutting edge technology and the expenses involved in production and the integration of advanced features that improve accuracy and diagnostic capabilities greatly inflate the overall cost of these devices Medical practitioners in developing regions frequently face financial limitations and tend to choose more budget friendly options instead of portable MRI machines leading to a decrease, in market demand.
03

Opportunity: On‑field musculoskeletal imaging for professional and collegiate sports organizations across the United States and Europe and Community and rural primary‑care diagnostics programs in India needing ultra‑portable brain and trauma imaging solutions

In the sports medicine field in both the US and Europe, a swift diagnosis is necessary for ligament, tendon, and cartilage injuries which have occurred on the sports field. Handheld extremity MRI technology might allow medical staff to carry out quick assessments on athletes who have been injured on the field. This means the decision on whether or not only the player can play again could be taken much sooner. Systems based on higher field electromagnets for handheld applications are expected to grow most rapidly in this region. The growth mirrors the global electromagnet based MRI revenues which will be $0.76 billion in 2025 and $1.06 billion by 2030, a compound annual growth rate of 6.8%. The strongest adoption is in elite sports clubs, colleges and hospitals specialising in sports injuries.
In India the majority of hospitals outside of major cities suffer from chronic shortages of MRI machines and lengthy wait times for these patients to be sent to a major city for treatment. A portable hand held brain scanner which is powered by a battery and utilises a permanent magnet could be subsidised through government screening programmes for those with head injuries and stroke sufferers. The global market for permanent magnet MRI machines will be $1.3 billion in 2025. It is predicted that this will increase to $1.76 billion by 2030, with a compound annual growth rate of 6.2%. Lower power devices that can be held in the hand are expected to be the fastest growing sector of the business, particularly in regions of low economic infrastructure such as India.
04

Challenge: Regulatory Constraints

A secondary barrier to market growth is stringent regulatory policies surrounding medical imaging technology. Different regions have variable guidelines that manufacturers must meet in terms of safety, performance, and quality assurance standards. These strict regulations can lengthen the route to market, creating additional costs and delays which, in turn, discourage potential entrants from venturing into the handheld MRI market.

Supply Chain Landscape

1

Component Supply

Siemens Healthineers AGCanon Medical Systems Corp
2

Handheld MRI Machines

Hyperfine Inc.GE HealthCare Technologies Inc.United Imaging Healthcare Co. Ltd
3

Distribution Services

Siemens Healthineers AGGE HealthCare Technologies Inc
4

Point-of-Care Imaging

HospitalsEmergency MedicineNeuroimaging Centers
Handheld MRI Machines - Supply Chain

Use Cases of Handheld MRI Machines in Emergency Diagnosis & Medical Research & Studies

Emergency Diagnosis : Handheld MRI Machines are indispensable in emergency diagnostics, providing real-time, high-resolution images facilitating rapid and accurate diagnosis. The portable nature of these devices offers unique advantages like on-the-spot diagnosis, often critical in life-threatening situations. Leading market players like General Electric are recognized for their powerful Handheld MRI Machines, offering a blend of mobility and diagnostic efficiency, thus significantly influencing their market position.
Remote Medical Servicing : Handheld MRI Machines are extensively used in remote medical services, addressing the critical gap in healthcare access among isolated communities. These machines are mostly utilized in telemedicine, helping healthcare professionals assess, diagnose and plan a course of treatment remotely, thus providing essential care in far-flung locations. Philips Healthcare, a dominant player in this sector, demonstrates considerable strengths in manufacturing compact yet powerful Handheld MRI Machines popular in this application.
Medical Research & Studies : The medical research sector heavily relies on Handheld MRI Machines for revealing detailed anatomical and physiological information. These devices compact design is particularly suited for research applications, allowing longitudinal studies even in challenging environments. Siemens Healthineers is a prominent manufacturer revered for its cutting-edge Handheld MRI Machines, harnessing sophisticated technology to support a wide range of research applications.

Recent Developments

Recent market developments reveal an increasing demand for Handheld MRI Machines, a trend closely aligned with the global push towards portable diagnostic equipment. These compact, user-friendly devices are rising in popularity owing to their potential in facilitating swift and accurate health assessments, particularly in remote locations with limited healthcare infrastructure.

December 2024 : Global tech giant Samsung entered the Handheld MRI Machines market with the launch of its innovative portable device, promising superior imaging capabilities and enhanced patient comfort
October 2024 : BioScan International launched its latest device in the Handheld MRI Machines series, focusing on automation and AI integration to speed up the diagnosis process
August 2024 : Philips Healthcare expanded its Handheld MRI Machines production line with a third facility, anticipating growing demand due to emerging healthcare trends.

Impact of Industry Transitions on the Handheld MRI Machines Market

As a core segment of the Medical Device industry, the Handheld MRI Machines market develops in line with broader industry shifts. Over recent years, transitions such as Shrinking Size, Expanding Possibilities and Advent of Telemedicine Compatibility have redefined priorities across the Medical Device sector, influencing how the Handheld MRI Machines market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Shrinking Size, Expanding Possibilities

Advances in MRI technology are allowing the portability of MRI scanners, in the form of handheld devices, to become a crucial component of healthcare services in the US and Germany. Using portable MRI scanners, medical professionals can send patients to various locations, including emergency departments and clinics, for quicker care. This enables quicker diagnosis and treatment. In addition, it should increase efficiency. This change is expected not only just to reorder existing clinical treatment procedures but it is also predicted to generate around $110 million in further sales revenue for the medical business by the year 2030. This will happen because suppliers, wholesales and hospital networks will rearrange the goods they make and buy in order to provide portable diagnostic scanning. This will enable Handheld MRI machines to become key drivers for enhancing capacity, reducing the cost and delivering more patient centred care.
02

Advent of Telemedicine Compatibility

As a result of rapid advances in technology, portable MRI machines are now being designed to work with telemedicine. This has made it possible to access MRI scanning services from distant locations, thus bridging the geographical gap and facilitating prompt medical interventions. The healthcare industry is undergoing a shift towards technology based patient care. This technology enables doctors to access and view high definition images taken by handheld MRI machines from any location. Diagnostics have been globally transformed by this technology, and in particular, its impact has been seen in rural regions and disaster region's where medical facilities are scarce.