MRI Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Field Strength, By Type, By Architecture, By Application, By End User, By Region and Competition, 2020-2030F

Description

The Global MRI Market , valued at USD 5.25 Billion in 2024, is projected to experience a CAGR of 5.76% to reach USD 7.35 Billion by 2030. Magnetic Resonance Imaging (MRI) is a non-invasive medical imaging modality that uses strong magnetic fields and radio waves to generate detailed images of internal body structures. The global MRI market growth is fundamentally supported by the increasing prevalence of chronic and age-related diseases, such as neurological disorders, cancer, and musculoskeletal conditions, which necessitate advanced diagnostic capabilities.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 5.25 Billion
Market Size 2030	USD 7.35 Billion
CAGR 2025-2030	5.76%
Fastest Growing Segment	Brain and Neurological
Largest Market	Asia Pacific

Key Market Drivers

The global MRI market is significantly influenced by the escalating burden of chronic and neurological diseases, which necessitates sophisticated diagnostic tools for early detection and comprehensive disease management. Conditions such as dementia, stroke, and various cancers require detailed imaging to accurately diagnose, stage, and monitor treatment efficacy, thereby driving a fundamental demand for advanced imaging modalities. This pervasive health challenge translates directly into increased utilization of MRI procedures, given its superior soft tissue contrast and non-ionizing nature, which is particularly beneficial for serial examinations.

Key Market Challenges

The substantial capital expenditure required for Magnetic Resonance Imaging (MRI) system acquisition and ongoing maintenance represents a significant challenging factor for the global MRI market. The considerable initial investment needed for new MRI systems often deters smaller diagnostic centers and healthcare facilities operating under budget constraints. This financial barrier directly limits broader market penetration, particularly in regions where healthcare infrastructure funding is restricted, thereby impeding the expansion of advanced diagnostic capabilities.

Key Market Trends

The expansion of portable and point-of-care MRI systems is significantly transforming diagnostic accessibility by enabling advanced imaging capabilities to be delivered directly at the patient's bedside across diverse clinical environments, including emergency departments and intensive care units. This decentralised approach reduces the risks associated with patient transport and supports faster clinical decision-making for time-critical conditions. The compact design and simplified operation of these systems allow deployment in settings that were previously unable to accommodate traditional MRI infrastructure. This shift is supported by growing clinical validation; at the Radiological Society of North America (RSNA) 2024 annual meeting, eleven clinical studies demonstrated increasing clinician experience with portable MRI systems across varied patient populations. Further reinforcing market momentum, Hyperfine, Inc. announced in July 2025 the first commercial sales of its next-generation Swoop(R) system to hospitals for use in critical care and emergency department settings, highlighting the transition from pilot adoption to broader clinical integration.

Key Market Players

GE Healthcare Technologies, Inc.
Aurora Imaging Technologies, Inc.
Sanrad Medical Systems Pvt ltd.
Aspect Imaging
Esaote SpA
Fonar Corporation
Hitachi Ltd
Neusoft Medical Systems Co. Ltd
Koninklijke Philips NV
Siemens Healthcare GmbH
Canon Medical Systems Corporation
Mindray Medical International Limited
Hologic, Inc.
Nordion Inc.
United Imaging Healthcare Co., Ltd

Report Scope:

In this report, the Global MRI Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

MRI Market , By Field Strength:

High-Field MRI Systems
Low-To-Mid-Field MRI Systems
Very-High-Field MRI Systems

MRI Market , By Type:

Fixed
Mobile

MRI Market , By Architecture:

Closed MRI Systems
Open MRI Systems

MRI Market , By Application:

Brain and Neurological
Oncology
Spine and Musculoskeletal
Abdominal
Cardiac
Others

MRI Market , By End User:

Hospitals
Imaging Centers
Ambulatory Surgical Centers
Others

MRI Market , By Region:

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global MRI Market .

Available Customizations:

Global MRI Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global MRI Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Field Strength (High-Field MRI Systems, Low-To-Mid-Field MRI Systems, Very-High-Field MRI Systems)
- 5.2.2. By Type (Fixed, Mobile)
- 5.2.3. By Architecture (Closed MRI Systems, Open MRI Systems)
- 5.2.4. By Application (Brain and Neurological, Oncology, Spine and Musculoskeletal, Abdominal, Cardiac, Others)
- 5.2.5. By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, Others)
- 5.2.6. By Region
- 5.2.7. By Company (2024)
5.3. Market Map

6. North America MRI Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Field Strength
- 6.2.2. By Type
- 6.2.3. By Architecture
- 6.2.4. By Application
- 6.2.5. By End User
- 6.2.6. By Country
6.3. North America: Country Analysis
- 6.3.1. United States MRI Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Field Strength
    - 6.3.1.2.2. By Type
    - 6.3.1.2.3. By Architecture
    - 6.3.1.2.4. By Application
    - 6.3.1.2.5. By End User
- 6.3.2. Canada MRI Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Field Strength
    - 6.3.2.2.2. By Type
    - 6.3.2.2.3. By Architecture
    - 6.3.2.2.4. By Application
    - 6.3.2.2.5. By End User
- 6.3.3. Mexico MRI Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Field Strength
    - 6.3.3.2.2. By Type
    - 6.3.3.2.3. By Architecture
    - 6.3.3.2.4. By Application
    - 6.3.3.2.5. By End User

7. Europe MRI Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Field Strength
- 7.2.2. By Type
- 7.2.3. By Architecture
- 7.2.4. By Application
- 7.2.5. By End User
- 7.2.6. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany MRI Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Field Strength
    - 7.3.1.2.2. By Type
    - 7.3.1.2.3. By Architecture
    - 7.3.1.2.4. By Application
    - 7.3.1.2.5. By End User
- 7.3.2. France MRI Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Field Strength
    - 7.3.2.2.2. By Type
    - 7.3.2.2.3. By Architecture
    - 7.3.2.2.4. By Application
    - 7.3.2.2.5. By End User
- 7.3.3. United Kingdom MRI Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Field Strength
    - 7.3.3.2.2. By Type
    - 7.3.3.2.3. By Architecture
    - 7.3.3.2.4. By Application
    - 7.3.3.2.5. By End User
- 7.3.4. Italy MRI Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Field Strength
    - 7.3.4.2.2. By Type
    - 7.3.4.2.3. By Architecture
    - 7.3.4.2.4. By Application
    - 7.3.4.2.5. By End User
- 7.3.5. Spain MRI Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Field Strength
    - 7.3.5.2.2. By Type
    - 7.3.5.2.3. By Architecture
    - 7.3.5.2.4. By Application
    - 7.3.5.2.5. By End User

8. Asia Pacific MRI Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Field Strength
- 8.2.2. By Type
- 8.2.3. By Architecture
- 8.2.4. By Application
- 8.2.5. By End User
- 8.2.6. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China MRI Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Field Strength
    - 8.3.1.2.2. By Type
    - 8.3.1.2.3. By Architecture
    - 8.3.1.2.4. By Application
    - 8.3.1.2.5. By End User
- 8.3.2. India MRI Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Field Strength
    - 8.3.2.2.2. By Type
    - 8.3.2.2.3. By Architecture
    - 8.3.2.2.4. By Application
    - 8.3.2.2.5. By End User
- 8.3.3. Japan MRI Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Field Strength
    - 8.3.3.2.2. By Type
    - 8.3.3.2.3. By Architecture
    - 8.3.3.2.4. By Application
    - 8.3.3.2.5. By End User
- 8.3.4. South Korea MRI Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Field Strength
    - 8.3.4.2.2. By Type
    - 8.3.4.2.3. By Architecture
    - 8.3.4.2.4. By Application
    - 8.3.4.2.5. By End User
- 8.3.5. Australia MRI Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Field Strength
    - 8.3.5.2.2. By Type
    - 8.3.5.2.3. By Architecture
    - 8.3.5.2.4. By Application
    - 8.3.5.2.5. By End User

9. Middle East & Africa MRI Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Field Strength
- 9.2.2. By Type
- 9.2.3. By Architecture
- 9.2.4. By Application
- 9.2.5. By End User
- 9.2.6. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia MRI Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Field Strength
    - 9.3.1.2.2. By Type
    - 9.3.1.2.3. By Architecture
    - 9.3.1.2.4. By Application
    - 9.3.1.2.5. By End User
- 9.3.2. UAE MRI Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Field Strength
    - 9.3.2.2.2. By Type
    - 9.3.2.2.3. By Architecture
    - 9.3.2.2.4. By Application
    - 9.3.2.2.5. By End User
- 9.3.3. South Africa MRI Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Field Strength
    - 9.3.3.2.2. By Type
    - 9.3.3.2.3. By Architecture
    - 9.3.3.2.4. By Application
    - 9.3.3.2.5. By End User

10. South America MRI Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Field Strength
- 10.2.2. By Type
- 10.2.3. By Architecture
- 10.2.4. By Application
- 10.2.5. By End User
- 10.2.6. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil MRI Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Field Strength
    - 10.3.1.2.2. By Type
    - 10.3.1.2.3. By Architecture
    - 10.3.1.2.4. By Application
    - 10.3.1.2.5. By End User
- 10.3.2. Colombia MRI Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Field Strength
    - 10.3.2.2.2. By Type
    - 10.3.2.2.3. By Architecture
    - 10.3.2.2.4. By Application
    - 10.3.2.2.5. By End User
- 10.3.3. Argentina MRI Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Field Strength
    - 10.3.3.2.2. By Type
    - 10.3.3.2.3. By Architecture
    - 10.3.3.2.4. By Application
    - 10.3.3.2.5. By End User

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global MRI Market : SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. GE Healthcare Technologies, Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Aurora Imaging Technologies, Inc.
15.3. Sanrad Medical Systems Pvt ltd.
15.4. Aspect Imaging
15.5. Esaote SpA
15.6. Fonar Corporation
15.7. Hitachi Ltd
15.8. Neusoft Medical Systems Co. Ltd
15.9. Koninklijke Philips NV
15.10. Siemens Healthcare GmbH
15.11. Canon Medical Systems Corporation
15.12. Mindray Medical International Limited
15.13. Hologic, Inc.
15.14. Nordion Inc.
15.15. United Imaging Healthcare Co., Ltd