Magnetic Resonance Imaging Systems Devices and Equipment Market Report 2026

The magnetic resonance imaging systems devices and equipment market size has grown steadily in recent years. It will grow from $9.69 billion in 2025 to $10.04 billion in 2026 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to rising prevalence of chronic and neurological disorders, expansion of diagnostic imaging infrastructure, increasing hospital investments in advanced imaging equipment, growing awareness of early disease diagnosis, availability of high-field mri technologies.

The magnetic resonance imaging systems devices and equipment market size is expected to see steady growth in the next few years. It will grow to $11.67 billion in 2030 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to increasing integration of ai in diagnostic imaging, rising demand for precision diagnostics, expansion of outpatient imaging centers, growing focus on workflow optimization in radiology, increasing adoption of value-based healthcare models. Major trends in the forecast period include increasing adoption of ai-assisted image reconstruction, rising demand for high-field and ultra-high-field mri systems, growing preference for patient-friendly open mri designs, expansion of advanced mri software and analytics, enhanced focus on faster and high-resolution imaging.

The increasing geriatric population is expected to drive the growth of the magnetic resonance imaging (MRI) systems devices and equipment market. The geriatric population, defined as individuals aged 65 and older, is more vulnerable to chronic conditions such as neurological disorders, musculoskeletal issues, cardiovascular diseases, and cancers. The rise in this demographic is attributed to longer life expectancy and declining fertility rates, leading to a higher proportion of older individuals in the population. MRI systems play a crucial role in addressing the healthcare needs of the aging population, aiding in early diagnosis, personalized treatment, and improving overall health outcomes for older individuals. For instance, in September 2025, the World Economic Forum, a Switzerland-based international organization, reported that Japan had 36.25 million people aged 65 and over in 2024, representing 29.3% of the total population. This share is projected to increase to 34.8% in 2040 and 36.3% in 2045. Therefore, the growing geriatric population is driving the demand for MRI systems and equipment.

Major companies in the MRI systems market are focusing on technological advancements, such as virtually helium-free MRI platforms, to reduce reliance on scarce cryogens, cut infrastructure costs, and improve sustainability. These platforms use advanced cooling circuits and energy-saving modes while incorporating automation and AI-driven workflows to deliver high-quality imaging with fewer resources. For instance, in February 2024, Siemens Healthineers, a Germany-based medical technology company, launched the MAGNETOM Flow, a 1.5 T MRI platform that utilizes DryCool technology, limiting helium usage to just 0.7 liters with a closed helium circuit and no quench pipe. The system also features automated workflows and AI-based image reconstruction (Deep Resolve), enabling scan time reductions of up to 50% and improving image quality. The Magnetom Flow supports energy-saving modes, such as Eco Gradient Mode and Eco Power Mode, which reduce cooling energy consumption by 30-45%. Its compact design (24 m², less than 2 m tall) and lack of a quench pipe make it easier and more cost-effective to install in various clinical settings.

In February 2025, Grovecourt Capital Partners, a US-based private equity firm, acquired IMRIS Imaging, Inc. for an undisclosed amount. Through this acquisition, Grovecourt aims to accelerate innovation in intraoperative magnetic resonance imaging (MRI) by combining its financial resources with IMRIS's ceiling-mounted, movable intraoperative MRI technology. This acquisition enables Grovecourt to strengthen its medical imaging portfolio and supports IMRIS in expanding its product offerings into emerging applications such as laser ablation and high-intensity focused ultrasound, ultimately improving patient care precision. IMRIS Imaging, Inc. is a US-based company that designs, manufactures, and services advanced intraoperative MRI suites used in neurosurgery and other operating-room settings.

Major companies operating in the magnetic resonance imaging systems devices and equipment market are Siemens Healthineers, GE Healthcare, Philips Healthcare, Hitachi Ltd., Canon Medical Systems, Esaote S.p.A, Bruker Corporation, Fonar Corporation, Neusoft Medical Systems Co. Ltd., Time Medical Systems, Aurora Imaging Technology, AllTech Medical Systems, Magnetica, Tomtec Imaging Systems GMBH, Sanrad Medical Systems Pvt. Ltd., Analogic Corporation, Hologic Inc, IMRIS Inc., Innervision Mri, Medinus Co., Millennium Technology Inc., Mindray Medical International Ltd., MR Solutions, Toshiba Corporation, Koninklijke Philips N.V., Hyperfine.

Western Europe was the largest region in the global magnetic resource imaging devices and equipment market in 2025. North America was the second-largest region in global magnetic resource imaging devices and equipment market. The regions covered in the magnetic resonance imaging systems devices and equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the magnetic resonance imaging systems devices and equipment market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

Tariffs are impacting the magnetic resonance imaging systems market by increasing costs of imported superconducting magnets, gradient coils, RF components, cryogenic systems, and advanced electronic subsystems used in high-field and open MRI platforms. Hospitals and imaging centers in North America and Europe are most affected due to dependence on globally sourced high-precision components, while Asia-Pacific faces higher system manufacturing and export costs. These tariffs are increasing capital expenditure requirements and extending procurement cycles for healthcare providers. However, they are also encouraging localized component manufacturing, regional system assembly, and increased investments in domestic medical imaging production capabilities.

The magnetic resonance imaging systems devices and equipment market research report is one of a series of new reports that provides magnetic resonance imaging systems devices and equipment market statistics, including magnetic resonance imaging systems devices and equipment industry global market size, regional shares, competitors with a magnetic resonance imaging systems devices and equipment market share, detailed magnetic resonance imaging systems devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the magnetic resonance imaging systems devices and equipment industry. This magnetic resonance imaging systems devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Magnetic Resonance Imaging (MRI) systems, devices, and equipment are advanced medical technologies used to produce detailed images of the body's organs and tissues. These systems rely on strong magnetic fields, radio waves, and computer processing to generate high-resolution images, which are essential for diagnosing a range of medical conditions, such as tumors, neurological disorders, and musculoskeletal injuries. MRI systems are available in various types, each tailored to specific diagnostic requirements and patient comfort levels.

The primary categories of magnetic resonance imaging devices and equipment encompass closed MRI and open MRI systems. Closed MRI systems, in contrast to open MRI systems, feature a longer design and incorporate a large magnet that both emits and receives signals from the body. They are particularly suitable for capturing images of specific body parts. These MRI systems find applications in various medical fields, including oncology, neurology, cardiology, the diagnosis of inflammatory and infectious diseases, among others. They are typically used in hospitals, imaging centers, and ambulatory surgical centers.

The magnetic resource imaging devices and equipment market consists of sales of standing or sitting MRI devices. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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