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Magnetic Resonance Imaging (MRI) Systems Market Analysis & Forecast: 2025-2032

Magnetic Resonance Imaging (MRI) Systems Market, By Type (Open and Closed), By Field Strength (Low Field Strength, Mid Field Strength, and High Field Strength), By Application (Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal, and Others), By End User (Hospitals, Imaging Centers, Ambulatory Surgical Centers, and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)

  • Published In : 09 Jul, 2025
  • Code : CMI443
  • Pages :165
  • Formats :
      Excel and PDF
  • Industry : Medical Devices
  • Historical Range: 2020 - 2024
  • Forecast Period: 2025 - 2032

Magnetic Resonance Imaging (MRI) Systems Market

Magnetic Resonance Imaging (MRI) Systems Market size is estimated to be valued at USD 22.77 Bn in 2025 and is expected to reach USD 67.12 Bn in 2032, exhibiting a compound annual growth rate (CAGR) of 16.7% from 2025 to 2032.

Key Takeaways

  • Based on type, the closed segment leads the market, holding the largest share in 2025, due to its ability to offer superior image quality, higher magnetic field strength, faster scan times, and enhanced diagnostic capabilities.
  • Based on field strength, the high field strength segment is expected to account for the highest share of the market in 2025, owing to the increasing demand to deliver faster, clearer, and more detailed scans.
  • Based on application, the neurology segment is expected to hold the largest share of the market in 2025, due to the rising prevalence of neurological disorders and the safety of diagnosis.
  • Based on end user, the hospital segment is expected to lead the market with the greatest share in 2025, owing to integration into multi-specialty care and advances in non-invasive imaging.
  • Based on region, North America is expected to lead the market, holding a share of 45% in 2025. While, Asia Pacific is considered to be the fastest-growing region, with a market share of 20.4% in 2025.

Market Overview

Magnetic resonance imaging (MRI) is a medical imaging technique that utilizes strong magnetic fields and radio waves to generate detailed images of the organs and tissues in the body. MRI provides excellent soft tissue contrast between the different soft tissues of the body without using harmful ionizing radiation. Over the years, MRI technology has evolved significantly, thereby improving image quality and allowing quicker scans. MRI has become an indispensable imaging tool that is widely used for clinical diagnosis and in research applications. The global Magnetic resonance imaging (MRI) systems market demand has been witnessing steady growth due to the rising prevalence of chronic diseases, advantages of MRI over other modalities, technological advancements, and increasing adoption of high-field MRI systems.

Current Events and their Impact on the Magnetic Resonance Imaging (MRI) Systems Market

Current Event

Description and its Impact

Asia-Pacific Market Expansion and Investment

  • Description: Government initiatives boosting healthcare infrastructure (China, India)
  • Impact: Projects 6.46% CAGR growth (2025–2030), with 5,000+ new MRI installations expected across the region.
  • Description: Rising chronic disease burden and aging demographics
  • Impact: Increases MRI utilization for neurology and oncology, expanding the market to $3.13B by 2030.

Regulatory Approvals for Advanced MRI Technologies

  • Description: FDA clearance of portable MRI software (Hyperfine’s Optive AI)
  • Impact: Expands point-of-care diagnostics, capturing 15– 20% of the rural/emergency imaging market by 2028.
  • Description: Clinical adoption of hyperpolarized agents (e.g., pyruvate)
  • Impact: Enhances oncology and neurology diagnostics, driving demand for compatible high-field MRI systems.

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Role Of Artificial Intelligence (AI) In the Magnetic Resonance Imaging (MRI) Systems Market

The integration of artificial intelligence, especially machine learning and deep learning, is revolutionizing the MRI systems by automation and enhancing various other processes. Along with that, AI algorithms analyze the vast amount of data rapidly, offering insights on previously unattainable. AI holds the potential to optimize image acquisition, which improves both the quality and speed of the MRI scans. Techniques such as compressed sensing and deep learning-based reconstruction allow for faster image acquisition without compromising quality. AI-powered device automatically detects abnormalities, quantify changes in tissues, and tracks disease progression, resulting in accelerating the diagnostic process and reducing human errors. Altogether, AI-driven tools are making diagnostics more accurate and efficient.

In November 2024, Canon Medical USA launched its latest AI-powered MRI platform, integrating deep learning to significantly speed scan times and enhance image clarity. It is built around a precision-engineered Japanese magnet and advanced reconstruction software; the system offers a real‑time automated workflow that expedites clinical decision-making. Industry analysts highlight this release as part of a broader shift toward smart, zero‑click imaging solutions designed to streamline patient care.

End-User Feedback and Unmet Needs in MRI Systems

  1. Radiologists and Clinicians

Key Feedback

  • Demand for consistently high-resolution imaging across a range of clinical applications, including neuroimaging, musculoskeletal, and abdominal studies.
  • Increasing reliance on AI-assisted diagnostics, though concerns remain regarding the interpretability and validation of such tools.
  • Desire for improved workflow integration between MRI systems, PACS, and reporting platforms.

Unmet Needs

  • Enhanced image quality and resolution, particularly in anatomically complex regions.
  • Faster imaging sequences that do not compromise diagnostic integrity.
  1. MRI Technologists

Key Feedback

  • Complex user interfaces and inconsistent software designs across vendors hinder operational efficiency.
  • Manual processes for patient positioning, coil selection, and sequence optimization contribute to longer setup times.
  • High physical and cognitive workload leads to increased technologist fatigue and staffing challenges.

Unmet Needs

  • Streamlined and intuitive user interfaces.
  • Automation in protocol selection, coil recognition, and patient positioning.
  1. Patients

Key Feedback

  • Discomfort during scans due to noise, enclosed space, and lengthy procedure times.
  • Anxiety related to limited communication with staff during the scan.
  • Perception of limited access, including long appointment wait times and travel barriers.

Unmet Needs

  • Shorter, quieter, and more comfortable scanning experiences.
  • Open or wide-bore MRI systems to accommodate claustrophobic or larger patients.
  • Improved patient communication interfaces and real-time scan progress updates.
  1. Healthcare Administrators and Operations Managers

Key Feedback

  • Equipment downtime and maintenance delays significantly impact scheduling and throughput.
  • MRI is often a bottleneck in the diagnostic imaging workflow, limiting capacity for patient volume growth.
  • The total cost of ownership—including acquisition, installation, service, and operational costs—remains a significant concern.

Unmet Needs

  • Systems with higher reliability and reduced maintenance requirements.
  • Solutions that support increased patient throughput with minimal workflow disruption.
  • More flexible and cost-effective procurement models, including modular upgrades and service contracts.

Segmental Insights

Magnetic Resonance Imaging (MRI) Systems Market By Type

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Magnetic Resonance Imaging (MRI) Systems Market Insights, By Type

Closed Segment Holds the Largest Market Share Owing to the Growing Demand For Superior Image Quality

In terms of type, the closed segment is expected to contribute the highest share of the market in 2025, due to its ability to offer superior image quality, higher magnetic field strength, faster scan times, and enhanced diagnostic capabilities. The closed MRI has been around in the healthcare industry for a longer time than the open MRI. A closed MRI features a capsule-like space where the patient lies, and a high-quality image is taken. This system includes a large magnet and radio waves that send signals and receive signals to and from the patient’s body. The computer attached to the machine converts signals into images. An MRI scanner is available in various magnetic field strengths ranging from 0.5 to 3.0 Tesla.

In March 2024, Siemens Healthineers introduced the MAGNETOM Flow RT Pro Edition, a compact, helium‑independent 1.5 Tesla MRI designed specifically for radiation therapy use. Debuted at the European Society for Radiotherapy and Oncology congress, the system features DryCool technology, requiring just 0.7 L of helium and eliminating quench‑pipe infrastructure is ideal for placement next to linear accelerators.

Magnetic Resonance Imaging (MRI) Systems Market Insights, By Field Strength

High Field Strength Acquires the Dominant Share Owing to the Increasing Demand to Deliver Faster, Clearer and More Detailed Scans

In terms of field strength, the high field strength segment is expected to contribute the highest share of the market in 2025, owing to the increasing demand to deliver faster, clearer, and more detailed scans. High field strength MRI systems typically operate at 1.5 Tesla and above. High field strength MRIs are gaining traction due to their superior imaging capabilities, clinical flexibility, and ongoing technological advancements. High field strength systems provide greater signal-to-noise ratio (SNR), resulting in sharper, higher-resolution images. This is especially critical for diagnosing neurological, musculoskeletal, and cardiovascular conditions where fine anatomical detail is necessary.

In April 2025, the French CEA launched the first in‑vivo images of a living human brain captured by the Iseult 11.7 Tesla system, the strongest MRI ever built for human use. In just four minutes, it achieved 0.2 mm × 0.2 mm in‑plane and 1 mm slice resolution of roughly 10× sharper than clinical 3 T scanners. The ultra‑high‑field scanner promises breakthroughs in mapping brain structure, metabolism, and early markers of neurological disease, though its scale, cost, and infrastructure needs.

Magnetic Resonance Imaging (MRI) Systems Market Insights, By Application

Neurology Holds the Largest Market Share on Account of the Rising prevalence & Safety

In terms of application, the neurology segment is expected to dominate the market, holding the highest share in 2025, due to the rising prevalence of neurological disorders and the safety of diagnosis. There’s a global increase in conditions like stroke, Alzheimer’s disease, Parkinson’s disease, epilepsy, and multiple sclerosis. These disorders often require regular and detailed imaging for diagnosis, monitoring, and treatment planning. Magnetic Resonance Imaging offers unmatched detail for soft tissues, especially the brain and spinal cord. It enables visualization of gray and white matter, nerve tracts, lesions, and structural abnormalities are critical for diagnosing neurological disorders. Leading neurology research centers and hospitals use MRI not only for clinical care but also for brain mapping studies, drug trials, and surgical planning, increasing utilization rates.

In June 2025, Hyperfine, Inc. announced FDA clearance for its redesigned Swoop® portable MRI system, now powered by Optive AI software. The system delivers sharper brain imaging through enhanced signal-to-noise ratio, improved resolution, and faster scan times. It is engineered for neurology clinics, it promotes accessibility for pediatric, geriatric, and anxious patients and supports on-site neuroimaging in both hospitals and neurology practices.

Magnetic Resonance Imaging (MRI) Systems Market Insights, By End User

Hospital Segment Dominates the Overall Market

In terms of end-user, the hospital segment is expected to contribute the greatest share of the market in 2025, owing to integration into multi-specialty care and advances in non-invasive imaging. Hospitals require MRI systems to support a wide range of specialties, including neurology, oncology, cardiology, orthopedics, and emergency medicine. MRI offers superior soft-tissue contrast, enabling early diagnosis and monitoring of brain tumors, spinal cord injuries, strokes, joint degeneration, and cardiac anomalies. MRI does not use ionizing radiation, making it safer for repeat imaging, especially in vulnerable groups such as children, pregnant women, and oncology patients. Modern hospital-grade MRI systems come with shorter scan times, AI-assisted image reconstruction, and higher field strengths (e.g., 3T or even 7T), improving diagnostic precision.

In June 2025, S.L. Raheja Hospital, a Fortis associate, unveiled an AI‑enabled digital PET‑CT scanner and a 3 Tesla MRI system, designed to deliver sharper images, faster scans, and improved lesion detection for cancer, neurology, infection, inflammation, and cardiology cases.

Regional Insights

Magnetic Resonance Imaging (MRI) Systems Market Regional Insights

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North America Magnetic Resonance Imaging (MRI) Systems Market Analysis & Trends

North America is the largest market for the global magnetic resonance imaging (MRI) systems market, accounting for a market share of over 45% in 2025. The North American magnetic resonance imaging (MRI) systems market is driven by factors such as the high prevalence of chronic diseases, such as cancer, cardiovascular diseases, and others, underscoring the need for advanced diagnostics.  The integration of artificial intelligence and machine learning into imaging workflows has further accelerated adoption.

For instance, AdventHealth Waterman in Florida adopted Siemens’ AI-powered 3T MRI system with Deep Resolve Boost, reducing scan times by nearly half while maintaining superior image quality. Similarly, Antelope Valley Medical Center in California implemented a next-generation 1.5T MRI system that significantly improved both speed and accuracy. Furthermore, technological advancements in MRI systems and a favorable reimbursement scenario in the region are also contributing to the market growth. These developments highlight how a mature healthcare ecosystem, combined with technological innovation and policy support, continues to make North America the most dynamic and advanced market for MRI systems globally.

Europe Magnetic Resonance Imaging (MRI) Systems Market Analysis & Trends

Europe is the second-largest market for global magnetic resonance imaging (MRI) systems market, accounting for a market share of over 30.3% in 2025. The Europe magnetic resonance imaging (MRI) systems market growth is driven by increase in focusing on developing open and wide-bore MRI systems integrated with AI assistants for simplified operations. For example, Monaco’s Princess Grace Hospital recently implemented the SmartSpeed AI module to its MRI scanner, drastically reducing scan times and improving stroke diagnosis accuracy. Rising healthcare expenditures of European governments and increasing availability of insurance coverage for routine health checks including MRI scans are stimulating the market. However, high costs involved in installation, maintenance and upgrades of MRI machinery is a major restraint.

Asia Pacific Magnetic Resonance Imaging (MRI) Systems Market Analysis & Trends

Asia Pacific is the fastest-growing market for global magnetic resonance imaging (MRI) systems market, accounting for a market share of over 20.4% in 2025. The Asia Pacific is witnessing significant growth in the forecast period on account of rising healthcare expenditure across developing nations, increasing awareness regarding early disease diagnosis, and growing preference for non-invasive diagnostic imaging services.

For example, India recently inaugurated a 3‑tesla MRI at Loknayak Jayaprakash Narayan Hospital in Patna, aiming to improve local access to advanced imaging for conditions like stroke and brain tumors. Singapore General Hospital partnered with Philips to launch a regional MRI Training Center, equipping radiographers across the region to handle sophisticated systems and workflow demands. Meanwhile, AsiaMedic in Singapore installed the first SIGNA Hero 3.0 Tesla MRI in the Asia Pacific, leveraging AI-enhanced image clarity and faster scan times to meet rising patient volumes. These real-world deployments reflect the region’s commitment through public investment, infrastructure expansion, and clinician training to elevate early disease detection via MRI.

Magnetic Resonance Imaging (MRI) Systems Market Outlook Country-Wise

The U.S. Magnetic Resonance Imaging (MRI) Systems Market Trends

The U.S. magnetic resonance imaging (MRI) systems market is primarily driven by a combination of clinical needs, infrastructure readiness, and technological advances. For example, Avita Galion Hospital in Ohio recently installed Fujifilm’s ECHELON Synergy 1.5 Tesla MRI equipped with deep-learning reconstruction, reducing scan times by up to 75% while improving image clarity for brain, spine, and breast imaging.

Meanwhile, major academic centers like NewYork‑Presbyterian/Weill Cornell and Massachusetts General Hospital have pioneered portable ICU MRI units that integrate machine learning and ultra‑low‑field imaging to provide bedside diagnostics, particularly useful for critical stroke or neurological care. These technological innovations enhance diagnostic precision and patient throughput and reduce strain on radiology departments, these trends reflecting a broader shift toward MRI-as-a-service models in U.S. hospitals.

India Magnetic Resonance Imaging (MRI) Systems Market Trends

India is a key for market expansion in Asia Pacific, supported by the growing burden of neurological and orthopedic conditions, such as spinal disorders and joint degeneration leading to hospitals and diagnostic centers to expand access to magnetic resonance imaging (MRI) services, particularly in Tier 2 cities and rural areas. To address severe shortages, the Delhi government recently launched a public–private partnership initiative to install and operate MRI facilities across 35 state hospitals. Portable MRI prototypes are also emerging, enabling remote hospitals and clinics to perform timely diagnostic scans. Together, these initiatives illustrate how public funding, domestic innovation, and targeted deployment are fueling MRI system uptake across India's public and private healthcare sectors.

Market Report Scope

Magnetic Resonance Imaging (MRI) Systems Market Report Coverage

Report Coverage Details
Base Year: 2024 Market Size in 2025: USD 22.77 Bn
Historical Data for: 2020 To 2024 Forecast Period: 2025 To 2032
Forecast Period 2025 to 2032 CAGR: 16.7% 2032 Value Projection: USD 67.12 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Open and Closed
  • By Field Strength: Low Field Strength, Mid Field Strength, and High Field Strength
  • By Application: Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal, and Others
  • By End User: Hospitals, Imaging Centers, Ambulatory Surgical Centers, and Others
Companies covered:

Seimens AG, Koninklijke Philips N.V., Medtronic plc., Aurora Imaging Technologies Inc., General Electric Company, Hitachi Ltd., Esaote SpA, The InterMed Group, and Canon Medical Systems Corporation

Growth Drivers:
  • Increasing product launches
  • Increasing number of diagnostic imaging centers Rising prevalence of chronic diseases 
Restraints & Challenges:
  • High cost of MRI) systems
  • Strict regulatory approval process 
  • Mixed results with MRI screening 

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Global Magnetic Resonance Imaging (MRI) Systems Market Drivers

  • Increasing product launches: Increasing product launches across the globe is one of the major factors driving the growth of the global magnetic resonance imaging (MRI) systems market. For instance, in June 2025, Quibim launched AI‑QUAL™, an industry-first AI-powered tool integrated into its flagship QP‑Prostate® platform to automate prostate MRI image quality scoring. This launch applies PI‑QUAL v2 guidelines to assign standardized quality scores of 1–3 and detect image artifacts like rectal gas or metal interference and significantly reducing variability and boosting radiologist confidence. It was developed in response to findings that ~33 % of U.S. prostate MRI scans lack diagnostic quality, the feature automates manual quality checks, streamlines reporting, and integrates seamlessly into existing clinical workflows.
  • Rising prevalence of chronic diseases: Rising prevalence of chronic diseases across the globe is a major driving factor behind the growth of the global magnetic resonance imaging (MRI) systems market. Chronic diseases and conditions such as cardiovascular diseases, cancer, diabetes, and others have been on a rise in the past few decades due to changes in lifestyle and environmental factors. MRI has emerged as a highly effective diagnostic tool for chronic conditions over conventional imaging techniques due to its ability to provide detailed anatomical images of soft tissues in the body. MRI scans help in early and accurate detection of cancers, tumors and other abnormalities related to chronic diseases.

Global Magnetic Resonance Imaging (MRI) Systems Market Opportunities

  • Increasing technological advancement: Technological advancement has created tremendous opportunities for growth in the global magnetic resonance imaging (MRI) systems market. For instance, in May 2025, GE HealthCare has unveiled its SIGNA Sprint, a next‑generation 1.5 T wide‑bore MRI system, at ISMRM 2025. It is designed to deliver 3 T–grade performance at 1.5 T, the unit uses ultra‑high-performance gradients (65/200 per axis) to enable superior diffusion imaging vital for cardiology and oncology diagnostics. The 70 cm bore enhances patient comfort, while AI-powered features, AIR Recon DL, Sonic DL, and AIR x, accelerate cardiac scans and elevate image clarity.
  • Development of advanced MRI coils and software: Development of new receiver coil designs that can achieve higher signal-to-noise ratios and accelerate scan speeds has the ability to vastly improve MRI resolution and imaging capabilities. Next-generation coils allow for clearer visibility of tissues and anatomical structures across the entire body. This higher resolution will enable detection of diseases at earlier and at more treatable stages. Software innovations are also pivotal as they can provide advanced visualization and analytical tools to physicians. New algorithms, using machine learning (ML) and artificial intelligence (AI) can help automate diagnoses, significantly boosting MRI interpretation accuracy.

Global Magnetic Resonance Imaging (MRI) Systems Market Trends

  • Growing applications of high-field MRI in brain imaging: The applications of high-field MRI systems in brain imaging are a major factor contributing to the growth of global MRI systems market. High-field MRI systems provide excellent spatial resolution and signal-to-noise ratio, which allow clinicians to obtain very detailed anatomical and functional images of the brain. Many neurological and psychiatric disorders such as Alzheimer's, dementia, multiple sclerosis, epilepsy, autism and brain tumors are being increasingly studied by using advanced imaging techniques supported by high-field MRI scanners. In May 2025, the researchers at the University of Nottingham report that a specialized T2*-weighted MRI can accurately diagnose multiple sclerosis (MS) in just eight minutes, eliminating the need for a lumbar puncture. This method uses a “rule of six”: identifying six lesions each with a central vein reliably confirms multiple sclerosis. In a multi‑center trial across Nottingham, Cardiff, and London, MRI outcomes matched spinal tap results over 18 months. The benefits include faster, safer diagnoses for patients, plus an estimated National Health Service saving of £5 million annually. The International MS diagnostic committee now endorses MRI-based diagnosis.
  • Emergence of wide bore MRI systems: Emergence of wide-bore MRI systems is having a significant impact on the global magnetic resonance imaging (MRI) systems market. Wide-bore MRI systems have a larger opening or bore which makes them more accessible and comfortable for certain patient groups. The larger opening reduces feelings of confinement which is more accommodative for claustrophobic or anxious patients. It also enables the scanning of larger body parts that may not fit inside the standard MRI machine such as obese individuals or those undergoing whole-body imaging.

Recent Developments

  • In May 2025, GE HealthCare introduced SIGNA™ Sprint, an FDA 510(k) pending ultra‑premium, wide‑bore (70 cm) 1.5T MRI system featuring a high‑performance gradient (65/200 per axis). It was debuted at ISMRM 2025, this system delivers 3.0T‑level diffusion imaging at 1.5T, targeting enhanced cardiology and oncology workflows. The MRI system is equipped with built‑in AI (AIR Recon DL, Sonic DL), SIGNA™ Sprint accelerates deep–learning reconstruction, improves image clarity, and supports fast, precise diagnostics.
  • In March 2025, The All India Institute of Medical Sciences (AIIMS), Delhi, announced to commmence human trials this October on India’s first domestically built 1.5 Tesla MRI scanner, developed under MeitY’s IMRI mission by SAMEER and partners C‑DAC, IUAC, and DSI‑MIRC.
  • In January 2025, President Droupadi Murmu inaugurated a state-of-the-art AI-enabled 3T MRI scanner and a new Digital Subtraction Angiography (DSA) system at NIMHANS, marking a milestone in India’s mental health infrastructure. The advanced MRI promises faster, higher-resolution imaging using AI-assisted reconstruction, while the DSA unit offers 3D angiography.
  • In November 2024, Royal Philips launched its next-generation BlueSeal 1.5 T wide‑bore MRI at RSNA 2024. The helium‑free system featuring only 7 L of enclosed helium offers a lighter, vent‑pipe‑free design suitable for challenging installations. It is equipped with a 70 cm bore, it integrates AI-driven “Smart Workflow” and cloud-based Smart Reading, enabling automated imaging and real-time quantitative reporting for neurological and oncology scans.

Analyst Opinion (Expert Opinion)

The Magnetic Resonance Imaging (MRI) Systems market value is entering a pivotal phase where innovation is not just expected but it is imperative. From an analyst’s standpoint, the market is bifurcating into two clear trajectories: one defined by commoditization in mid-field scanners and the other by aggressive technological differentiation in high-field and ultra-high-field systems.

At the core of this shift is the rising dominance of 3T and 7T MRI systems. As of 2025, 3 Tesla systems account for more than 60% of new installations in tertiary care and research institutions, a figure that underscores the increasing demand for precision diagnostics. Clinical institutions are now choosing imaging systems not just for detection but for quantitative analysis, functional mapping, and AI-based interpretation are capabilities that low-field and mid-field systems are fundamentally unequipped to provide.

The University of Minnesota’s Center for Magnetic Resonance Research offers a compelling example: their deployment of the Siemens Magnetom Terra 7T scanner is not simply a tool, but a research enabler. It delivers structural resolution previously considered impractical in live subjects, especially in neurovascular and epilepsy studies. The value of such systems lies not only in image clarity, but in multi-parametric data integration, which now plays a central role in clinical decision-making.

In contrast, the low- and mid-field MRI segment is stagnating—not due to lack of demand, but due to lack of innovation. Price-sensitive regions still rely heavily on 1.5T systems, but the technological ceiling has been reached. Vendors focusing purely on cost-optimization without substantive improvements in gradient strength, coil design, or AI integration are falling behind. In fact, procurement data from large hospital chains in Western Europe indicates a 17% year-on-year decline in 1.5T system acquisition in 2024 alone, as hospitals consolidate imaging operations around higher-spec modalities to streamline training and data handling.

Another underappreciated development is the increased role of AI in scan protocol optimization and post-processing, which is no longer a value-add but a prerequisite for system relevance. Canon Medical and GE HealthCare have made notable strides in integrating deep learning reconstruction (DLR) algorithms, reducing scan time by up to 40% while improving signal-to-noise ratios in musculoskeletal and cardiac imaging. Vendors who do not invest in native AI capabilities—not bolt-on partnerships—risk becoming obsolete within five years.

Market Segmentation

  • Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Type
    • Open
    • Closed
  • Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Field Strength
    • Low Field Strength
    • Mid Field Strength
    • High Field Strength
  • Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Application
    • Oncology
    • Neurology
    • Cardiology
    • Gastroenterology
    • Musculoskeletal
    • Others
  • Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By End User
    • Hospitals
    • Imaging Centers
    • Ambulatory Surgical Centers
    • Others
  • Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Region
    • North America
      • U.S.
      • Canada
    • Latin America
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
    • Europe
      • Germany
      • U.K.
      • Spain
      • France
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
    • Middle East
      • GCC Countries
      • Israel
      • Rest of Middle East
    • Africa
      • South Africa
      • North Africa
      • Central Africa
  • Top Companies in the Global Magnetic Resonance Imaging (MRI) Systems Market
    • Seimens AG
    • Koninklijke Philips N.V.
    • Medtronic plc.
    • Aurora Imaging Technologies Inc.
    • General Electric Company
    • Hitachi Ltd.
    • Esaote SpA
    • The InterMed Group
    • Canon Medical Systems Corporation

Sources

Primary Research Interviews from the following stakeholders

Stakeholders

  • Interviews with radiologists, biomedical engineers, hospital procurement managers, diagnostic imaging center heads, health-tech integrators, and medical device distributors across key regions.

Databases

  • World Health Organization (WHO) Global Health Observatory
  • UN Comtrade Database
  • OECD Health Statistics
  • Centers for Medicare & Medicaid Services (CMS), U.S.
  • National Health Authority (India)
  • Eurostat – Health and Medical Devices
  • Japan Ministry of Health, Labour and Welfare (MHLW)
  • Korea Ministry of Food and Drug Safety
  • Directorate General of Commercial Intelligence and Statistics (DGCIS), India

Magazines

  • Diagnostic Imaging Europe
  • Imaging Technology News (ITN)
  • Applied Radiology
  • Radiology Business Journal
  • Medical Device + Diagnostic Industry (MD+DI)
  • Healthcare Innovation
  • BioSpectrum Asia
  • MedTech Dive

Journals

  • Radiology (RSNA)
  • Journal of Magnetic Resonance Imaging (JMRI)
  • Magnetic Resonance in Medicine (Wiley)
  • European Journal of Radiology
  • Journal of Medical Imaging and Radiation Sciences
  • IEEE Transactions on Medical Imaging
  • Physics in Medicine and Biology

Newspapers

  • The Economic Times – Healthcare & Pharma
  • Business Standard – Health & Medical Tech
  • Financial Times – Medical Technology and Devices
  • The Hindu Business Line – Health Policy and Devices
  • Nikkei Asia – Medical Imaging & Diagnostics
  • South China Morning Post – Healthcare Technology

Associations

  • Radiological Society of North America (RSNA)
  • International Society for Magnetic Resonance in Medicine (ISMRM)
  • Association of Medical Imaging Management (AHRA)
  • Indian Radiological and Imaging Association (IRIA)
  • European Society of Radiology (ESR)
  • Medical Imaging & Technology Alliance (MITA)
  • Confederation of Indian Industry (CII) – Medical Devices Forum

Public Domain Sources

  • Indian Ministry of Health and Family Welfare
  • U.S. Food and Drug Administration (FDA) – Medical Device Approvals
  • European Medicines Agency (EMA) – Medical Imaging Updates
  • National Institute for Health and Care Excellence (NICE), UK
  • NITI Aayog – Healthcare Infrastructure Reports
  • National Institutes of Health (NIH), U.S. – Imaging Grants and Studies
  • Japan METI – Medical Device Sector Reports
  • Reserve Bank of India (RBI) – Health Expenditure Reports

Proprietary Elements

  • CMI Data Analytics Tool, and Proprietary CMI Existing Repository of information for last 8 years

*Definition: Magnetic resonance imaging (MRI) systems are a type of medical imaging technology that is used to visualize the structure and function of the body. They use a strong magnetic field and radio waves to generate detailed images of the inside of the body, including the organs, tissues, and skeletal system. MRI systems are non-invasive and do not use ionizing radiation, thereby making them a safe option for imaging. They are commonly used to diagnose a variety of medical conditions, including tumors, heart disease, liver disease, and neurological disorders.

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About Author

Komal Dighe is a Management Consultant with over 8 years of experience in market research and consulting. She excels in managing and delivering high-quality insights and solutions in Health-tech Consulting reports. Her expertise encompasses conducting both primary and secondary research, effectively addressing client requirements, and excelling in market estimation and forecast. Her comprehensive approach ensures that clients receive thorough and accurate analyses, enabling them to make informed decisions and capitalize on market opportunities.

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Frequently Asked Questions

The Magnetic Resonance Imaging (MRI) Systems Market is estimated to be valued at USD 22.77 Bn in 2025, and is expected to reach USD 67.12 Bn by 2032.

The CAGR of the Magnetic Resonance Imaging (MRI) Systems Market is projected to be 16.7% from 2025 to 2032.

The major factors driving the global magnetic resonance imaging (MRI) systems market growth include increasing product launches, increasing number of diagnostic imaging centers, and rising prevalence of chronic diseases.

The leading type segment is closed MRI in the global magnetic resonance imaging (MRI) systems market.

The major players operating in the global magnetic resonance imaging (MRI) systems market are Seimens AG, Koninklijke Philips N.V., Medtronic plc. Aurora Imaging Technologies Inc., General Electric Company, Hitachi Ltd., Esaote SpA, The InterMed Group, and Canon Medical Systems Corporation.

North America leads the global magnetic resonance imaging (MRI) systems market.

MRI systems provide non-invasive, high-resolution imaging, enabling early disease detection, accurate diagnosis, and effective treatment planning across specialties.

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