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 maintenancecosts 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:
- Closed MRI Systems (dominant)
- Open MRI Systems
- By Field Strength:
- Low-Field
- Mid-Field (leading segment)
- High & Ultra-High Field
- By Mobility:
- Fixed MRI Systems (leading)
- Portable MRI Systems
- By Application:
- Neurology (dominant)
- Oncology, Cardiology, Orthopedics, Gastroenterology, Gynecology, Others
- By End User:
- Hospitals (largest share)
- Specialty Clinics, Diagnostic Imaging Centers, Research Institutes, Others
🚀 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.
🏥 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.
📰 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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