Magnetic Resonance Imaging Systems Market - Forecasts from 2025 to 2030

The global magnetic resonance imaging systems market will grow at a CAGR of 6.14% to be valued at US$12.767 billion in 2030 from US$9.479 billion in 2025.

Magnetic resonance imaging (MRI) systems are used for medical imaging purposes which help in the diagnosis and monitoring the treatment of various conditions. The scanners in the MRI system make use of strong magnetic fields and radiofrequency energy to make digital images of the required different parts of the body. The market growth is attributed to the rapidly increasing geriatric population and growing incidence of chronic diseases which require an early diagnosis for proper treatment. According to Forbes, 2019, the number of individuals 65 years and older increased by 33%, from 37.2 to 49.2 million people between 2007 to 2017. The number is further expected to continue rising, doubling to 98 million by 2060. Further, the 85 years and older population are expected to increase by more than 8 million by 2040, which will drive the market growth as more patients will require magnetic resonance imaging (MRI) scans to diagnose and monitor the treatment of several health conditions. In addition, according to the World Health Organization, approximately 1.3 million people die each year as a result of road traffic crashes. Often road accidents, lead to complicated musculoskeletal and spinal injuries which have resulted in the increasing demand for advanced MRI systems for better and error-free imaging.

Competitive Landscape Drives Investment in MRI Systems Market

The magnetic resonance imaging (MRI) systems market is witnessing increased investments due to a competitive landscape focused on early diagnosis of diseases, which can save lives by enabling timely and effective treatments. Both open and closed MRI systems are widely available, meeting the needs of a broad consumer base. Growing patient awareness, coupled with the accuracy and reliability of MRI scans, is expected to boost demand for MRI systems globally during the forecast period. Technological advancements, fueled by significant R&D investments from key players, are enhancing digitalized MRI machines, further driving their adoption across various applications.

Some of the major players covered in this report include Siemens Healthineers, GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems Corporation, Hitachi Ltd., Esaote S.p.A., and United Imaging Healthcare Co., Ltd, among others.

Key Benefits of this Report:

• Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
• Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
• Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
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Report Coverage:

• Historical data from 2022 to 2024 & forecast data from 2025 to 2030
• Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
• Competitive Positioning, Strategies, and Market Share Analysis
• Revenue Growth and Forecast Assessment of segments and regions including countries
• Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Magnetic Resonance Imaging Systems Market Segmentation:

Magnetic Resonance Imaging Systems Market Segmentation By Architecture

• The report analyzes the market by architecture as below:
• Closed MRI Systems
• Open MRI Systems

Magnetic Resonance Imaging Systems Market Segmentation By Field Strength

• The report analyzes the market by field strength as below:
• Low-to-Mid Field MRI Systems (1.5T-3T)
• High and Very-High Field MRI Systems (>3T)
• Ultra-High Field MRI Systems (>7T)

Magnetic Resonance Imaging Systems Market Segmentation By Application

• The report analyzes the market by application as below:
• Brain and Neurological Imaging
• Spine and Musculoskeletal Imaging
• Cardiac Imaging
• Pelvic and Abdominal Imaging
• Breast Imaging
• Vascular Imaging

Magnetic Resonance Imaging Systems Market Segmentation By End User

• The report analyzes the market by end-user as below:
• Hospitals
• Diagnostic Imaging Centers
• Research Institutes

Magnetic Resonance Imaging Systems Market Segmentation By Regions:

The study also analysed the magnetic resonance imaging systems market into the following regions, with country level forecasts and analysis as below:

• North America (USA, Canada, and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (Germany, UK, France, Spain, and Others)
• Middle East and Africa (Saudi Arabia, UAE, and Others)
• Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)

Magnetic Resonance Imaging Systems Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Market size, forecasts, and trends by different architecture, with historical revenue data and analysis focusing on key factors driving adoption, current challenges faced by key players, and major growth areas.
• Market size, forecasts, and trends by field strength, with historical revenue data and analysis.
• Market size, forecasts, and trends by application, with historical revenue data and analysis.
• Market size, forecasts, and trends by end-user, with historical revenue data and analysis across various segments.
• The magnetic resonance imaging systems market is also analysed across different regions, with historical data, regional share, attractiveness and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario and other complementing factors aiding in market growth.
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents complete market scenario with the help of Porter's five forces model.
• Competitive Intelligence: A thorough investigation on the competitive structure of the market presented through proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain competitive edge.
• Research methodology: The assumptions and sources which were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented.

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