Magnetic Resonance Imaging Systems Market Size Report by Architecture, Field Strength, Very High, Low to Mid (

The MRI systems market generated a value of USD 8,924 million in 2022, and it will reach USD 14,880 million, growing at a 6.60% compound annual growth rate, by 2030.

The growth in the industry is credited to the increasing consciousness of the early diagnosis of diseases, growing support from the government for MRI, the mounting elderly population, the rising incidence of chronic illnesses, and advancements in technology in magnetic resonance imaging.

The constant research and development have enabled the production of advanced magnetic resonance imaging systems in the past few years, which have improved output, test times, and image quality. Some of the main developments in this field are hybrid MRIs and MRI-compatible devices.

Based on architecture, in 2022, the closed MRI category accounted for the larger share, at approximately 78%. This is credited to the fact that closed MRIs provide more-accurate scans of a higher resolution compared to open MRIs.

Based on type, the mobile category will advance at a higher growth rate, of 7.2%, in the years to come. This is credited to the fact that portable variants require lesser pre-installation expenses and decrease the travel requirements for patients.

Based on field strength, the high category will continue to be dominant, with a significant share by 2030. This is attributed to the high accuracy, spatial resolution, and efficiency advantages of high-field-strength MRI machines.

Based on application, the brain, head, and neck category will observe the fastest growth in the MRI systems market, with a growth rate of 7%, in the years to come. This is ascribed to the increasing prevalence of traumatic brain and neck injuries across the world.

In 2022, hospitals and clinics accounted for the largest share, of approximately 81%, in the industry. This is primarily ascribed to the large number of patients that visits hospitals and clinics for medical care.

The support for magnetic resonance imaging is increasing as governments all over the world are offering financial support to increase the implementation of these scanners in healthcare settings.

In 2022, the North American MRI system industry accounted for the largest share, at 38%. The high healthcare expenses and developed healthcare facilities are the main factors driving the regional industry growth. Furthermore, the increasing elderly population in North America is boosting the requirement for diagnostic imaging.

Hence, with the increasing consciousness of early diagnosis of diseases, advancement of technology in magnetic resonance imaging, and the increasing support for MRI from the government globally, the MRI systems industry will continue to grow in the years to come.



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