Magnetic Resonance Imaging (MRI) Systems Market Size, Share & Global Insights (2022–2031)
The global Magnetic Resonance Imaging (MRI) Systems Market is projected to grow from USD 14,168.84 million in 2024 to USD 20,333.64 million by 2031, expanding at a CAGR of 5.3% from 2025 to 2031.
🌍 Global Market Overview:
The demand for MRI systems continues to rise due to increasing incidences of neurological disorders, cancer, and cardiovascular diseases that require advanced imaging technologies. Inno... moreMagnetic Resonance Imaging (MRI) Systems Market Size, Share & Global Insights (2022–2031)
The global Magnetic Resonance Imaging (MRI) Systems Market is projected to grow from USD 14,168.84 million in 2024 to USD 20,333.64 million by 2031, expanding at a CAGR of 5.3% from 2025 to 2031.
🌍 Global Market Overview:
The demand for MRI systems continues to rise due to increasing incidences of neurological disorders, cancer, and cardiovascular diseases that require advanced imaging technologies. Innovations such as high-field MRI scanners and AI-powered imaging software are significantly improving diagnostic speed and accuracy. Furthermore, growing healthcare infrastructure in emerging markets is enhancing accessibility and adoption of MRI systems.
AI integration is emerging as a key driver, streamlining image interpretation, boosting diagnostic confidence, and improving overall clinical workflows.
However, high equipment and maintenance costs remain a barrier in resource-limited settings, especially among smaller clinics and diagnostic centers. Despite this, ongoing innovation and healthcare modernization are expected to sustain market growth globally.
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🔍 Market Segmentation Insights:
• By Type:
o Closed MRI Systems (dominant)
o Open MRI Systems
• By Field Strength:
o Low-Field
o Mid-Field (leading segment)
o High & Ultra-High Field
• By Mobility:
o Fixed MRI Systems (leading)
o Portable MRI Systems
• By Application:
o Neurology (dominant)
o Oncology, Cardiology, Orthopedics, Gastroenterology, Gynecology, Others
• By End User:
o Hospitals (largest share)
o Specialty Clinics, Diagnostic Imaging Centers, Research Institutes, Others
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🚀 Key Growth Drivers:
Rise in Chronic Diseases & Neurological Disorders
The increasing global burden of conditions like multiple sclerosis, epilepsy, and Alzheimer’s is fueling MRI demand for accurate early-stage diagnosis. For instance, the WHO reported over 1.8 million people living with multiple sclerosis globally as of 2023.
Technological Advancements
Innovations in gradient performance, image quality, and AI-assisted diagnosis are transforming the MRI landscape, making it faster, safer, and more accurate.
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🏥 Key Players:
• GE HealthCare
• Siemens Healthineers AG
• FUJIFILM Holdings Corporation
• Canon Inc.
• Koninklijke Philips N.V.
• Hyperfine, Inc.
• Esaote SpA
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
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📰 Recent Market Developments:
📅 May 12, 2025 – GE HealthCare launched SIGNA Sprint, a next-gen wide-bore 1.5T MRI system, at ISMRM 2025, offering superior performance and imaging flexibility.
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About Us:
Business Market Insights provides reliable, data-rich industry reports across verticals like Healthcare, Electronics, Aerospace, Automotive, Chemicals, and more. Our analysts bring deep sectoral expertise, ensuring credible and actionable insights.
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