This Magnetic Resonance Imaging Systems Devices and Equipment market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The magnetic resonance imaging systems devices and equipment market size has grown strongly in recent years. It will grow from $10.07 billion in 2024 to $10.74 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to diagnostic imaging advancements, aging population, trauma and emergency care, oncology and cancer diagnosis.
The magnetic resonance imaging systems devices and equipment market size is expected to see steady growth in the next few years. It will grow to $12.02 billion in 2029 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to emerging markets growth, regulatory support, radiation reduction, value-based healthcare. Major trends in the forecast period include high-field and ultra-high-field mri, cardiac mri, musculoskeletal mri, hybrid imaging.
Changes in lifestyle, technological advancements, and the rising prevalence of chronic diseases are fueling the demand for diagnostic solutions, thereby propelling the growth of the MRI systems market. Magnetic Resonance Imaging (MRI) systems play a crucial role in generating detailed three-dimensional anatomical images of the human body, aiding in diagnosis, disease detection, and treatment monitoring. Growing health concerns are driving the need for medical imaging technologies in healthcare facilities, enabling more accessible and accurate diagnosis. For instance, in India, the establishment of 150,000 health and wellness centers with a budget of $1.8 billion is enhancing healthcare accessibility. Increasing health consciousness and the growing importance of health insurance are significant factors contributing to market expansion.
The increasing geriatric population is expected to be a driving force behind the growth of the magnetic resonance imaging systems devices and equipment market. The geriatric population, comprising older individuals typically aged 65 and above, has unique healthcare needs that necessitate the use of MRI systems devices and equipment. These devices assist in early diagnosis, personalized treatment, and improved overall health outcomes for the elderly. For instance, a report by the World Health Organization (WHO) published in October 2022 projected that by 2030, one in six individuals globally will be 60 or older. By 2050, the worldwide population of individuals aged 60 and older is expected to reach 2.1 billion, with an additional 426 million people aged 80 or older compared to the current population. Thus, the growing geriatric population is a driving factor for the magnetic resonance imaging systems and equipment market.
Major companies in the magnetic resonance imaging (MRI) systems, devices, and equipment market are increasingly focusing on developing mobile MRI scanners to improve patient accessibility, minimize the need for transportation to imaging facilities, and deliver efficient diagnostic services directly at the point of care. A mobile MRI scanner is a portable unit designed to provide imaging services in various locations beyond traditional hospital settings. Operating at a field strength of 1.5T, it delivers high-quality imaging comparable to stationary systems. For example, in November 2022, Siemens Healthineers AG, a Germany-based company, launched the MAGNETOM Viato.Mobile, a mobile MRI scanner. Featuring a 70 cm open bore, the scanner accommodates a broader range of patients, including those who may feel discomfort in standard bore MRI systems. The MAGNETOM Viato.Mobile also supports remote scanning and reading, improving operational efficiency and enabling expert consultations from afar through platforms like syngo Virtual Cockpit and WeScan.
Major companies operating in the magnetic resonance imaging systems devices and equipment market are developing innovative solutions like the Vantage Fortian Magnetic Resonance Imaging (MRI) system to enhance the patient experience, reduce MRI procedure times, and improve image quality. For example, in July 2022, Canon Medical Systems Corporation, a Japan-based medical equipment company, launched the Vantage Fortian MRI system. This system is specifically designed to enhance the patient experience, featuring a mobile interface for remote monitoring and data integration. Additionally, it includes in-room scan assist technology for automatic coil checks and patient positioning corrections. The system also incorporates artificial intelligence (AI) Clear-IQ Engine (AiCE) technology, leveraging deep-learning reconstruction to deliver noise-free images, accelerated scan times, or a combination of both.
Major companies operating in the magnetic resonance imaging systems devices and equipment market include Siemens Healthineers, GE Healthcare, Philips Healthcare, Hitachi Ltd., Canon Medical Systems, Esaote S.p.A, Bruker Corporation, Fonar Corporation, Neusoft Medical Systems Co. Ltd., Time Medical Systems, Aurora Imaging Technology, AllTech Medical Systems, Magnetica, Tomtec Imaging Systems GMBH, Sanrad Medical Systems Pvt. Ltd., Agilent Technologies Inc., Analogic Corporation, Hologic Inc., IMRIS Inc., Innervision Mri, Medinus Co., Medtronic PLC, Millennium Technology Inc., Mindray Medical International Ltd., MR Solutions, Toshiba Corporation, Koninklijke Philips N.V., Hyperfine.
Magnetic Resonance Imaging (MRI) systems, devices, and equipment are advanced medical technologies used to produce detailed images of the body's organs and tissues. These systems rely on strong magnetic fields, radio waves, and computer processing to generate high-resolution images, which are essential for diagnosing a range of medical conditions, such as tumors, neurological disorders, and musculoskeletal injuries. MRI systems are available in various types, each tailored to specific diagnostic requirements and patient comfort levels.
The primary categories of magnetic resonance imaging devices and equipment encompass closed MRI and open MRI systems. Closed MRI systems, in contrast to open MRI systems, feature a longer design and incorporate a large magnet that both emits and receives signals from the body. They are particularly suitable for capturing images of specific body parts. These MRI systems find applications in various medical fields, including oncology, neurology, cardiology, the diagnosis of inflammatory and infectious diseases, among others. They are typically used in hospitals, imaging centers, and ambulatory surgical centers.
The magnetic resource imaging devices and equipment market research report is one of a series of new reports that provides magnetic resource imaging devices and equipment market statistics, including magnetic resource imaging devices and equipment industry global market size, regional shares, competitors with a magnetic resource imaging devices and equipment market share, detailed magnetic resource imaging devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the magnetic resource imaging devices and equipment industry. This magnetic resource imaging devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Western Europe was the largest region in the global magnetic resource imaging devices and equipment market in 2024. North America was the second-largest region in global magnetic resource imaging devices and equipment market. The regions covered in the magnetic resonance imaging systems devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the magnetic resonance imaging systems devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Canada,Mexico, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The magnetic resource imaging devices and equipment market consists of sales of standing or sitting MRI devices. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The magnetic resonance imaging systems devices and equipment market size has grown strongly in recent years. It will grow from $10.07 billion in 2024 to $10.74 billion in 2025 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to diagnostic imaging advancements, aging population, trauma and emergency care, oncology and cancer diagnosis.
The magnetic resonance imaging systems devices and equipment market size is expected to see steady growth in the next few years. It will grow to $12.02 billion in 2029 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to emerging markets growth, regulatory support, radiation reduction, value-based healthcare. Major trends in the forecast period include high-field and ultra-high-field mri, cardiac mri, musculoskeletal mri, hybrid imaging.
Changes in lifestyle, technological advancements, and the rising prevalence of chronic diseases are fueling the demand for diagnostic solutions, thereby propelling the growth of the MRI systems market. Magnetic Resonance Imaging (MRI) systems play a crucial role in generating detailed three-dimensional anatomical images of the human body, aiding in diagnosis, disease detection, and treatment monitoring. Growing health concerns are driving the need for medical imaging technologies in healthcare facilities, enabling more accessible and accurate diagnosis. For instance, in India, the establishment of 150,000 health and wellness centers with a budget of $1.8 billion is enhancing healthcare accessibility. Increasing health consciousness and the growing importance of health insurance are significant factors contributing to market expansion.
The increasing geriatric population is expected to be a driving force behind the growth of the magnetic resonance imaging systems devices and equipment market. The geriatric population, comprising older individuals typically aged 65 and above, has unique healthcare needs that necessitate the use of MRI systems devices and equipment. These devices assist in early diagnosis, personalized treatment, and improved overall health outcomes for the elderly. For instance, a report by the World Health Organization (WHO) published in October 2022 projected that by 2030, one in six individuals globally will be 60 or older. By 2050, the worldwide population of individuals aged 60 and older is expected to reach 2.1 billion, with an additional 426 million people aged 80 or older compared to the current population. Thus, the growing geriatric population is a driving factor for the magnetic resonance imaging systems and equipment market.
Major companies in the magnetic resonance imaging (MRI) systems, devices, and equipment market are increasingly focusing on developing mobile MRI scanners to improve patient accessibility, minimize the need for transportation to imaging facilities, and deliver efficient diagnostic services directly at the point of care. A mobile MRI scanner is a portable unit designed to provide imaging services in various locations beyond traditional hospital settings. Operating at a field strength of 1.5T, it delivers high-quality imaging comparable to stationary systems. For example, in November 2022, Siemens Healthineers AG, a Germany-based company, launched the MAGNETOM Viato.Mobile, a mobile MRI scanner. Featuring a 70 cm open bore, the scanner accommodates a broader range of patients, including those who may feel discomfort in standard bore MRI systems. The MAGNETOM Viato.Mobile also supports remote scanning and reading, improving operational efficiency and enabling expert consultations from afar through platforms like syngo Virtual Cockpit and WeScan.
Major companies operating in the magnetic resonance imaging systems devices and equipment market are developing innovative solutions like the Vantage Fortian Magnetic Resonance Imaging (MRI) system to enhance the patient experience, reduce MRI procedure times, and improve image quality. For example, in July 2022, Canon Medical Systems Corporation, a Japan-based medical equipment company, launched the Vantage Fortian MRI system. This system is specifically designed to enhance the patient experience, featuring a mobile interface for remote monitoring and data integration. Additionally, it includes in-room scan assist technology for automatic coil checks and patient positioning corrections. The system also incorporates artificial intelligence (AI) Clear-IQ Engine (AiCE) technology, leveraging deep-learning reconstruction to deliver noise-free images, accelerated scan times, or a combination of both.
Major companies operating in the magnetic resonance imaging systems devices and equipment market include Siemens Healthineers, GE Healthcare, Philips Healthcare, Hitachi Ltd., Canon Medical Systems, Esaote S.p.A, Bruker Corporation, Fonar Corporation, Neusoft Medical Systems Co. Ltd., Time Medical Systems, Aurora Imaging Technology, AllTech Medical Systems, Magnetica, Tomtec Imaging Systems GMBH, Sanrad Medical Systems Pvt. Ltd., Agilent Technologies Inc., Analogic Corporation, Hologic Inc., IMRIS Inc., Innervision Mri, Medinus Co., Medtronic PLC, Millennium Technology Inc., Mindray Medical International Ltd., MR Solutions, Toshiba Corporation, Koninklijke Philips N.V., Hyperfine.
Magnetic Resonance Imaging (MRI) systems, devices, and equipment are advanced medical technologies used to produce detailed images of the body's organs and tissues. These systems rely on strong magnetic fields, radio waves, and computer processing to generate high-resolution images, which are essential for diagnosing a range of medical conditions, such as tumors, neurological disorders, and musculoskeletal injuries. MRI systems are available in various types, each tailored to specific diagnostic requirements and patient comfort levels.
The primary categories of magnetic resonance imaging devices and equipment encompass closed MRI and open MRI systems. Closed MRI systems, in contrast to open MRI systems, feature a longer design and incorporate a large magnet that both emits and receives signals from the body. They are particularly suitable for capturing images of specific body parts. These MRI systems find applications in various medical fields, including oncology, neurology, cardiology, the diagnosis of inflammatory and infectious diseases, among others. They are typically used in hospitals, imaging centers, and ambulatory surgical centers.
The magnetic resource imaging devices and equipment market research report is one of a series of new reports that provides magnetic resource imaging devices and equipment market statistics, including magnetic resource imaging devices and equipment industry global market size, regional shares, competitors with a magnetic resource imaging devices and equipment market share, detailed magnetic resource imaging devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the magnetic resource imaging devices and equipment industry. This magnetic resource imaging devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Western Europe was the largest region in the global magnetic resource imaging devices and equipment market in 2024. North America was the second-largest region in global magnetic resource imaging devices and equipment market. The regions covered in the magnetic resonance imaging systems devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the magnetic resonance imaging systems devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Canada,Mexico, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The magnetic resource imaging devices and equipment market consists of sales of standing or sitting MRI devices. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Executive Summary
Magnetic Resonance Imaging Systems Devices and Equipment Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on magnetic resonance imaging systems devices and equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for magnetic resonance imaging systems devices and equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The magnetic resonance imaging systems devices and equipment market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Close MRI; Open MRI2) By Application: Oncology; Neurology; Cardiology; Inflamatory and Infectious Diseases; Other Applications
3) By End User: Hospitals; Imaging centers; Ambulatory surgical centers
Subsegments:
1) By Close MRI: High-field MRI; Low-field MRI; Very High-field MRI2) By Open MRI: Open High-field MRI; Open Low-field MRI
Key Companies Mentioned: Siemens Healthineers; GE Healthcare; Philips Healthcare; Hitachi Ltd.; Canon Medical Systems
Countries: Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Magnetic Resonance Imaging Systems Devices and Equipment market report include:- Siemens Healthineers
- GE Healthcare
- Philips Healthcare
- Hitachi Ltd.
- Canon Medical Systems
- Esaote S.p.A
- Bruker Corporation
- Fonar Corporation
- Neusoft Medical Systems Co. Ltd.
- Time Medical Systems
- Aurora Imaging Technology
- AllTech Medical Systems
- Magnetica
- Tomtec Imaging Systems GMBH
- Sanrad Medical Systems Pvt. Ltd.
- Agilent Technologies Inc.
- Analogic Corporation
- Hologic Inc
- IMRIS Inc.
- Innervision Mri
- Medinus Co.
- Medtronic plc
- Millennium Technology Inc.
- Mindray Medical International Ltd.
- MR Solutions
- Toshiba Corporation
- Koninklijke Philips N.V.
- Hyperfine
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | April 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 10.74 Billion |
| Forecasted Market Value ( USD | $ 12.02 Billion |
| Compound Annual Growth Rate | 2.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 28 |
