Market Overview

The MRI scanners are used in radiology for medical imaging of anatomy and physiology of body system. MRI scanners are widely used for diagnosis purpose in hospitals, ambulatory care centres, speciality clinics and others by exposing the body to radiations. Bedside MRI scanners is a portable MRI scanners that can be transferred into the patient room to taking scans. Bedside MRI scanners can be used only on patients above 2 years of age. Bedside MRI scanners. Bedside MRI scanners can be plugged into the bedside wall outlet and operated from wireless tablet giving scans within two minutes. Bedside MRI scanners tends to cheaper than a traditional MRI scanners and does not require a separate imaging room. According to the Centers for Disease Control and Prevention (CDC), around 13.8 per cent of African-American population above 65 suffers from dementias that require MRI scanning.

Lockdown in various countries has led to manufacturing activities being kept on hold amid coronavirus impacting the growth of global bedside MRI scanners market. Disruption in supply chain activities due restrictions laid on trading across borders amid lockdown will slower global bedside MRI scanners market growth. The shift in focus among several medical devices company towards developing COVID-19 test kits and ventilators will have a temporary negative impact on global bedside MRI scanners market. On the other hand, reduction in the number of visits to healthcare facilities and diagnosis rate due to the pandemic has hampered global bedside MRI scanners market growth.

Increasing awareness about disease-related diagnosis is expected to increase demand for global bedside MRI scanners market. The rise in the prevalence of neurological disorders will boost global bedside MRI scanners market growth. Advancement in diagnostic technology and increasing research and development investments in global bedside MRI scanners market are the favourable scenarios. For instance, in February 2020 the first portable MRI scanners called Hyperfine MRI received 510 (k) clearance by U. S. Food and Drug Administration (FDA). Growth of the geriatric population will propel global bedside MRI scanners market growth. High purchasing and installation cost of bedside MRI scanners hinders global bedside MRI scanners market growth. Low healthcare expenditure in developing countries challenges the growth of global bedside MRI scanners market.

The global bedside MRI scanners market is classified based application, end-users and region.

Based on the application	Neuro-imaging Cardiovascular imaging Angiography Musculoskeletal imaging Liver and gastrointestinal imaging Others
Based on the end-users	Hospitals Ambulatory Care Centers Medical Imaging Centers Others

Bedside MRI scanners is widely used for neuro-imaging and is expected to generate the highest revenue during the forecast period in global bedside MRI scanners market. Whereas, cardiovascular imaging will observe significant growth with technological advancements in global bedside MRI scanners market in the coming decade. Hospitals is the largest end-user segment for global bedside MRI scanners market with the high patient population. On the other hand, ambulatory care centres is also expected to generate significant revenue for global bedside MRI scanners market.

North America is expected to dominate the global bedside MRI scanners market with an increased rate of development and commercialization of global bedside MRI scanners in the region during the forecast period. Increased investment towards research and development for advanced technology makes Europe second leading region in global bedside MRI scanners market. Asia-Pacific region with the rise in healthcare expenditure is expected to observe a significant growth in global bedside MRI scanners market in the coming decade. The Middle East and Africa are an untapped region for global bedside MRI scanners market with very less product penetration due to poor health infrastructure in the region.

Some key players contributing global bedside MRI scanners market are GE Healthcare, Koninklijke Philips N. V., Siemens Healthcare, Hitachi Medical Corporation, Voxelgrids, Hyperfine Research, and others.