Superconducting Magnet for Medical Magnetic Resonance Imaging (MRI) System Market Report 2025

The superconducting magnet for medical magnetic resonance imaging (MRI) system market size has grown strongly in recent years. It will grow from $1.97 billion in 2024 to $2.13 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth during the historic period can be attributed to rising demand for high-resolution imaging, an increase in diagnostic imaging procedures, growing prevalence of chronic diseases, government investments in medical imaging, an expanding aging population, and heightened awareness of early disease detection.

The superconducting magnet for medical magnetic resonance imaging (MRI) system market size is expected to see strong growth in the next few years. It will grow to $2.87 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. The growth during the forecast period can be attributed to the development of compact superconducting magnets, expansion into emerging healthcare markets, increasing demand for outpatient imaging centers, growth in personalized medicine, and a rising need for non-invasive diagnostic tools. Key trends expected in the forecast period include a shift toward higher magnetic field strengths, the adoption of helium-free and zero boil-off magnet technologies, advancements in superconducting materials, development of compact superconducting magnet systems, and a focus on sustainability and operational efficiency.

The growing demand for diagnostic imaging is driving the expansion of the superconducting magnet market for medical MRI systems. Diagnostic imaging creates detailed visual representations of the body to aid clinical analysis and intervention, and its demand is rising due to the increasing prevalence of chronic diseases that require early and accurate diagnosis. Superconducting magnets enhance MRI systems by providing high-field strength, enabling clearer, more precise scans, reducing scan times, and improving patient throughput and clinical efficiency. For example, a February 2025 survey by the National Library of Medicine projected that imaging utilization among insured individuals could be 16.9% to 26.9% higher in 2055 compared with 2023, reflecting the growing need for advanced imaging technologies.

Innovations in the market include sealed magnet systems, designed to minimize or eliminate helium boil-off, improving operational efficiency and system reliability. In February 2025, GE HealthCare Technologies Inc. introduced the Freelium platform, a sealed magnet system that uses less than 1% of the helium required by conventional MRI systems. Freelium operates without additional cooling or power infrastructure and incorporates intelligent sensors for remote monitoring and automated recovery, simplifying installation and improving access to MRI services.

In January 2023, ASG Superconductors S.p.A. partnered with Siemens Healthineers AG to develop ultra-high-field (UHF) MRI systems, aiming to advance diagnostic precision and support next-generation MRI technology development. This partnership combines ASG’s superconducting magnet expertise with Siemens’ medical technology capabilities to drive innovation in advanced MRI imaging.

Major players in the superconducting magnet for medical magnetic resonance imaging (mri) system market are Hitachi Medical Corporation, Siemens Healthineers AG, Fujifilm Healthcare Corporation, Philips Medical Systems Nederland B.V., GE Healthcare Technologies Inc., Bruker Corporation, Shanghai United Imaging Healthcare Co. Ltd., Oxford Instruments plc, Canon Medical Systems Corporation, Japan Superconductor Technology Inc., Tesla Engineering Ltd., Cryogenic Ltd., Alltech Medical Systems America Inc., Aurora Imaging Technology Inc., American Magnetics Inc., Cryomagnetics Inc., Scientific Magnetics Ltd., Western Superconducting Technologies Co. Ltd., Yangzhou Kindsway Biotech Co. Ltd., Ningbo Jansen Superconducting Technologies Co. Ltd.

North America was the largest region in the superconducting magnet for medical magnetic resonance imaging (MRI) system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in superconducting magnet for medical magnetic resonance imaging (MRI) system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the superconducting magnet for medical magnetic resonance imaging (MRI) system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The fast surge in U.S. tariffs and the trade tensions that followed in spring 2025 are heavily affecting the medical equipment sector, particularly for imported imaging machine components, surgical-grade stainless steel, and plastic disposables. Hospitals and clinics resist price hikes, pressuring manufacturers’ margins. Regulatory hurdles compound the problem, as tariff-related supplier changes often require re-certification of devices, delaying time-to-market. Companies are mitigating risks by dual-sourcing critical parts, expanding domestic production of commoditized items, and accelerating R&D in cost-efficient materials.

A superconducting magnet for a medical magnetic resonance imaging (MRI) system is a type of magnet constructed from superconducting wire coils, typically cooled with liquid helium to near absolute zero to achieve zero electrical resistance. This allows the creation of a powerful and stable magnetic field, generally ranging from 1.5 to 3 Tesla or higher. Its primary function is to generate a strong, uniform magnetic field necessary for aligning hydrogen nuclei in the body, enabling high-resolution imaging in MRI scans.

The main categories of superconducting magnets for MRI systems are low-temperature superconductors (LTS) and high-temperature superconductors (HTS). Low-temperature superconductors (LTS) are materials that exhibit superconductivity at cryogenic temperatures, typically below 30 Kelvin, and require liquid helium cooling to maintain their superconducting state. These systems are available in various forms, including open MRI systems, closed MRI systems, and dedicated MRI systems designed for specific applications, with magnetic field strengths ranging from 1.5 Tesla, 3 Tesla, 7 Tesla, to ultra-high-field MRI systems. Superconducting magnets are utilized across a broad range of applications, such as neurological imaging, musculoskeletal imaging, cardiac imaging, pediatric imaging, and oncology imaging. Key end-users include hospitals, diagnostic imaging centers, research institutions, and academic medical centers.

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

The superconducting magnet for medical magnetic resonance imaging (MRI) system market consists of sales of superconducting coils, cryogenic cooling systems, power supply units, magnetic shielding components, and cryogenically cooled superconducting magnet assemblies. 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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