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Magnetic Resonance Imaging Systems Devices And Equipment Market Set To Climb From $10.04 Billion In 2026 To $11.67 Billion By 2030
The magnetic resonance imaging systems devices and equipment market has demonstrated consistent expansion in recent years. It is projected to increase from $9.69 billion in 2025 to $10.04 billion in 2026, exhibiting a compound annual growth rate (CAGR) of 3.6%. The historical growth of this market can be attributed to factors such as the rising prevalence of chronic and neurological disorders, the expansion of diagnostic imaging infrastructure, increasing hospital investments in advanced imaging equipment, growing awareness of early disease diagnosis, and the availability of high-field MRI technologies.
The magnetic resonance imaging systems devices and equipment market is projected to experience consistent expansion over the upcoming years. It will grow to $11.67 billion in 2030 at a compound annual growth rate (CAGR) of 3.8%. This growth throughout the forecast period is attributable to several factors, including the increasing incorporation of AI in diagnostic imaging, a heightened demand for precise diagnostics, the expansion of outpatient imaging facilities, a stronger emphasis on workflow optimization within radiology, and the rising adoption of value-based healthcare approaches. Key trends anticipated during this period encompass the growing uptake of AI-assisted image reconstruction, an increasing need for high-field and ultra-high-field MRI systems, a developing preference for patient-centric open MRI designs, the broadening scope of advanced MRI software and analytics, and a heightened emphasis on imaging that is both faster and offers higher resolution.
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Magnetic Resonance Imaging Systems Devices And Equipment Market Opportunity Drivers: What’s Unlocking New Revenue Potential?
The growing number of elderly individuals is projected to boost the expansion of the magnetic resonance imaging systems devices and equipment market moving forward. The geriatric population consists of those aged 65 years and older, who are more susceptible to chronic illnesses like neurological disorders, musculoskeletal conditions, cardiovascular diseases, and various cancers. This rise in the elderly population is attributed to increased life expectancy combined with declining fertility rates, resulting in a larger proportion of older people within the population. Magnetic resonance imaging systems devices and equipment are vital for addressing the specific healthcare needs of older adults. These devices aid in early diagnosis, personalized treatment, and improving overall health outcomes for seniors. For instance, according to a September 2025 report by the World Economic Forum, a Switzerland-based international organization, Japan registered 36.25 million people aged 65 and over in 2024, representing 29.3% of its total population, with this share anticipated to reach 34.8% in 2040 and 36.3% in 2045. Hence, the increasing geriatric population is fueling the growth of the magnetic resonance imaging systems devices and equipment market.
Magnetic Resonance Imaging Systems Devices And Equipment Market Segment Trends And Revenue Contributors
The magnetic resonance imaging systems devices and equipment market covered in this report is segmented –
1) By Type: Close MRI, Open MRI
2) 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 MRI
2) By Open MRI: Open High-field MRI, Open Low-field MRI
Magnetic Resonance Imaging Systems Devices And Equipment Market Innovation Trends Shaping Future Development
Major companies in the MRI systems market are concentrating on technological advancements, such as virtually helium-free MRI platforms, to diminish reliance on scarce cryogens, lower infrastructure expenditures, and enhance sustainability. These virtually helium-free MRI platforms integrate advanced cooling circuits and energy-saving modes, while merging automation and AI-driven workflows to deliver high-quality imaging with fewer resources. For example, in February 2024, Siemens Healthineers, a Germany-based medical technology company, introduced its MAGNETOM Flow, a 1.5 T MRI platform that utilizes DryCool technology to limit helium usage to just 0.7 liters with a closed helium circuit and no quench pipe. The system features automated workflows and AI-based image reconstruction (Deep Resolve), enabling scan time reductions up to 50% and improved image quality. MAGNETOM Flow also supports energy-saving modes like Eco Gradient Mode and Eco Power Mode, reducing cooling energy consumption by up to 30–45%. Its compact footprint (24 m², <2 m tall) and the lack of a quench pipe make it simpler and more cost effective to site in diverse clinical environments.
Magnetic Resonance Imaging Systems Devices And Equipment Market Competitive Landscape: Who Leads The Industry?
Major companies operating in the magnetic resonance imaging systems devices and equipment market are 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., Analogic Corporation, Hologic Inc, IMRIS Inc., Innervision Mri, Medinus Co., Millennium Technology Inc., Mindray Medical International Ltd., MR Solutions, Toshiba Corporation, Koninklijke Philips N.V., Hyperfine
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Magnetic Resonance Imaging Systems Devices And Equipment Market Geographic Landscape: Which Region Dominates Industry Growth?
Western Europe was the largest region in the global magnetic resource imaging devices and equipment market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
