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MRI Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F- Product Image
MRI Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F- Product Image
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MRI Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

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    Report

  • 181 Pages
  • November 2025
  • Region: Global
  • TechSci Research
  • ID: 5311293
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Description Jump to:

Brain and Neurological is the fastest growing segment, Asia-Pacific is the largest regional market

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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.

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® 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 Profiled:

  • 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:

By Field Strength:

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

By Type:

  • Fixed
  • Mobile

By Architecture:

  • Closed MRI Systems
  • Open MRI Systems

By Application:

  • Brain and Neurological
  • Oncology
  • Spine and Musculoskeletal
  • Abdominal
  • Cardiac
  • Others

By End User:

  • Hospitals
  • Imaging Centers
  • Ambulatory Surgical Centers
  • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Competitive Landscape

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

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of Contents

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
16. Strategic Recommendations17. About the Publisher & Disclaimer

Companies Mentioned

The companies profiled in this MRI market report include:
  • 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

Table Information

Report AttributeDetails
No. of Pages181
PublishedNovember 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 5.25 Billion
Forecasted Market Value ( USD ) by 2030 $ 7.35 Billion
Compound Annual Growth Rate5.7%
Regions CoveredGlobal
No. of Companies Mentioned16

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