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MRI Systems Market: Growth, Size, Share, and Trends

Report Code MD 3220
Published in May, 2025, By MarketsandMarkets™
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MRI Systems Market by Architecture (Open, Closed), Field Strength (High Field MRI Systems & Low Field MRI Systems), Design (Portable MRI Systems, Fixed/Stationary MRI Systems), End User (Hospitals, Diagnostic Clinic), Region - Global Forecast to 2030

Overview

The global MRI systems market, valued at US$6.15 billion in 2024, stood at US$6.56 billion in 2025 and is projected to advance at a resilient CAGR of 6.5% from 2025 to 2030, culminating in a forecasted valuation of US$9.01 billion by the end of the period. The market for MRI systems is expected to grow significantly due to the rising burden of diseases, particularly neurological and musculoskeletal conditions, which are projected to increase in the coming years. The growing aging population, along with the increasing prevalence of chronic diseases like cancer, is likely to raise the demand for MRI systems worldwide. Additionally, regulatory support in the form of encouragement for innovations and more favorable reimbursement policies will contribute to the growth of the MRI systems market.

MRI Systems Market– Global Forecast and Key Opportunities to 2030

Attractive Opportunities in the MRI Systems Market

North America

The large share of North America in the market can be attributed to the presence of a large geriatric population; the growing incidence of chronic diseases; the increasing need for innovative solutions; and rising public health expenditure.

Rising MRI installations and growing awareness of preventive healthcare in emerging economies is expected to provide lucrative growth opportunities for market players.

Technological advancements, the growing prevalence of chronic diseases, and the rising focus on early disease diagnosis are additional factors contributing to market growth during the forecast period.

Rise in MSK disorders will prioritize MRI scan demand, which will help to grow the market for MRI systems.

An increase in Medicare expenditure is expected to drive the demand for advanced imaging systems from healthcare providers.

Global MRI Systems Market Dynamics

DRIVER: Increasing geriatric population and subsequent rise in neurological & musculoskeletal disorders

There is an increasing trend in the population experiencing chronic back or neck pain, as well as musculoskeletal disorders (MSDs), largely due to a lack of physical activity. This rise in discomfort has led to a higher prevalence of conditions such as back pain, osteoarthritis, rheumatoid arthritis, and spondylarthritis. MRI (Magnetic Resonance Imaging) is considered the gold standard for imaging soft tissues, nerves, and the spine, making it crucial for diagnosing conditions like multiple sclerosis, spinal injuries, and chronic pain syndromes. With the elderly population projected to reach nearly 80 million by 2050, we can expect a rise in patients suffering from neurodegenerative diseases such as Alzheimer’s and Parkinson’s, along with an increase in musculoskeletal disorders like spinal degeneration. All these conditions necessitate frequent non-invasive diagnostic imaging procedures. Consequently, the demand for MRI scans per patient is expected to grow, which will contribute to the expansion of the MRI systems market.

RESTRAINT: High cost and infrastructural factors to limit adoption of MRI systems

MRI machines typically cost millions of dollars, making them a significant investment for hospitals and diagnostic imaging centers. Refurbished MRI systems also come at a high price, generally starting at around USD 150,000. This capital-intensive investment can deter smaller facilities and clinics from adopting this technology. The annual maintenance and operation costs for an MRI system can range from USD 20,000 to USD 40,000, which further discourages smaller providers from making the purchase. Additionally, MRI technology faces challenges related to patient accessibility and comfort. Many patients, particularly children and the elderly, experience claustrophobia during scans, prompting healthcare providers to opt for alternative diagnostic imaging technologies, such as ultrasound and CT scans. These issues can limit the adoption of MRI procedures and hinder market growth. Moreover, insurance companies and government health programs often impose restrictions on MRI reimbursements, typically requiring pre-authorization before approving a scan. Consequently, many healthcare providers prefer more affordable imaging options like CT or ultrasound due to their higher reimbursement rates and faster scan times.

 

OPPORTUNITY: Rising technological advancements

Helium-free MRI systems are gaining popularity as healthcare facilities seek alternatives to traditional systems that rely on liquid helium. These systems help reduce costs and alleviate supply chain issues. Similarly, AI-enhanced MRI technology can cut scanning times by up to 50%, resulting in increased patient throughput and improved diagnostic accuracy. The integration of AI presents a significant advantage in this field. Additionally, low-field MRI systems (0.064T–0.5T) offer an affordable option for rural health services, mobile imaging, and developing markets where cost and access are crucial. MRI-guided Focused Ultrasound (MRgFUS) is another emerging application, particularly in treating Parkinson’s disease, tumors, and chronic pain, creating opportunities for non-invasive MRI therapies. Beyond technological advancements, innovative business models can foster the adoption of these systems. Providing MRI-as-a-Service (MaaS) through flexible leasing or subscription options can attract mid-sized hospitals and diagnostic facilities that struggle with initial equipment costs. Moreover, the applications of MRI are expanding beyond neurology and musculoskeletal imaging, with advancements in cardiac MRI and lung imaging aiding in the detection of heart issues and long-term complications from COVID-19—areas that were previously dominated by CT scans.

CHALLENGES: Shortage of skilled professionals

Currently, there is a lack of skilled personnel, which is expected to hinder the growth of the MRI systems market in the coming years. According to a labor market study by BioTalent Canada, the country's expanding bio-economy sector will require approximately 65,000 additional workers by 2029 to meet demand. Additionally, in India, there is an average of about four full-time researchers for every 10,000 people in the labor force. This shortage of skilled labor in major markets is anticipated to negatively impact the optimal growth potential of the mass spectrometry market during the forecast period. Hands-on experience and technical skills are essential for effectively managing advanced and sophisticated MRI systems. However, major healthcare markets, including the US, the UK, Canada, and Australia, are facing a significant shortage of well-trained sonographers. The increasing workload due to substantial understaffing has led to a high attrition rate, resulting in the movement of experienced MRI technicians and radiographers to other fields. A study has shown that stress levels for radiographers in Germany exceed 90%, while rates are above 50% in the UK, France, and the US. These circumstances have contributed to a shortage of skilled MRI technicians in the MRI systems market.

Global MRI Systems Market Ecosystem Analysis

The global MRI systems market comprises various instruments, including the main MRI scanner, which is designed for a wide range of applications and needs. Essential equipment such as RF coils, power supply and cooling systems, helium supply, and quench pipes must be installed on-site. Collectively, these components form an ecosystem that supports the overall MRI systems market beyond just the main MRI system.

MRI Systems Market
 

By field strength, the high & very-high-field MRI systems segment accounted for the largest market share in 2024.

Based on field strength, the MRI systems market is segmented into low-to-mid-field MRI systems, high & very-high-field MRI systems, and ultra-high-field MRI systems. In 2024, the high & very-high-field MRI systems segment accounted for the largest market share. The increasing use of advanced instruments for accurate diagnosis and the availability of systems with improved sensitivity are driving the growth of this segment. High and very high field MRI systems provide high signal-to-noise ratios (SNR) and offer significant clinical value. In addition to imaging the brain, bones, and blood vessels, these systems are also beneficial for applications in psychiatry, neurology, biomedical research, and early detection of multiple sclerosis (MS). Combining these MRI systems with other modalities, such as PET and ultrasound, enhances throughput and reduces helium consumption. Furthermore, these systems provide faster scan times and improved image quality. The high and very high field MRI systems market is categorized into two types: 1.5T MRI systems and 3T MRI systems.

By architecture, the closed MRI systems segment accounted for the largest share of the market in 2024.

The MRI systems market is segmented into two categories based on architecture: open MRI systems and closed MRI systems. In 2024, the closed MRI systems segment held the largest market share. This significant share can be attributed to the excellent image quality produced by wide-bore MRI systems and the introduction of new products by key market players. A closed MRI machine captures detailed images of the body's anatomy within a narrow cylindrical chamber. Most high-field superconducting MRI scanners are designed as closed systems. Closed MRI systems are considered the industry standard due to their high efficiency, superior image quality, and increased throughput, all of which result from their stronger magnetic field strengths.

By design, the fixed/stationary MRI systems accounted for the largest share of the market in 2024.

Fixed or stationary MRI systems hold the largest market share due to several factors. This segment's dominance can be attributed to its superior image quality, full-body scanning capabilities, enhanced workflow efficiency, and long-term cost-effectiveness. Typically, fixed MRI units operate at magnetic field strengths of 1.5T or 3T, which produce high-resolution images with excellent soft tissue contrast. In addition, fixed MRI systems support full-body imaging, making them a preferred choice for hospitals and imaging centers. They facilitate higher patient throughput and allow for seamless integration with Picture Archiving and Communication Systems (PACS) and AI-driven analytics. This integration ensures efficient data processing and reporting, further enhancing their appeal.

By application, the brain & neurological MRI segment to register the highest CAGR during the study period.

Based on application, the MRI systems market is segmented into brain and neurological MRI, spine and musculoskeletal MRI, pelvic and abdominal MRI, vascular MRI, breast MRI, cardiac MRI, and other applications. The brain and neurological MRI segment of the MRI systems market by application to register the highest growth rate during the forecast period. The major factors responsible for the highest growth rate of this segment are the advanced AI features and the rising use of novel equipment that allows precise targeting of internal organs, supporting real-time imaging. The geriatric population is continuously growing, leading to an increase in the prevalence of neurological conditions such as stroke, dementia, Parkinson's disease, and epilepsy. These conditions often require MRI procedures for diagnosis. As a result, the demand for MRI scans is expected to rise, which will, in turn, drive the market for MRI systems.

By end user, the hospitals segment accounted for the largest share and fastest growth rate in 2024.

The global MRI systems market is divided by end users into hospitals, diagnostic imaging centers, and other sectors. In 2024, the hospital segment held the largest market share. This dominance is due to the increasing use of advanced MRI systems in hospitals for accurate diagnoses and a growing awareness of the importance of early detection. Factors contributing to this trend include recent product launches, the rising adoption of advanced systems with enhanced features that support patient care, and an increase in the number of imaging procedures conducted in hospitals. As the demand for rapid and accurate diagnoses of various medical conditions grows, many hospitals are prioritizing the installation of advanced MRI systems. Large government hospitals with dedicated imaging departments have been quick to adopt these systems; however, private hospitals are also gradually incorporating advanced imaging solutions. The trend towards modernizing imaging workflows has further boosted the adoption of MRI solutions in hospitals.

By region, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period.

The high growth rate of the Asia Pacific region can primarily be attributed to lower labor costs and significant increases in capital expenditures by hospitals. Factors such as rising healthcare applications and a favorable funding environment for end-user facilities are also contributing to this growth. Additionally, the rapid increase in the elderly population and the establishment of diagnostic imaging centers are supporting the market's expansion.

HIGHEST CAGR MARKET DURING FORECAST PERIOD
CHINA: FASTEST GROWING MARKET IN THE REGION
MRI Systems Market

Recent Developments of MRI Systems Market

  • Partnership: In February 2025, Koninklijke Philips N.V. (Netherlands), as part of the Dutch National Growth Fund project Polaris with the Government of the Netherlands, this initiative aims to advance radio frequency (RF) technology, enhancing MRI scan speed and accuracy for improved diagnostics.
  • Expansion: In January 2025, Siemens Healthineers (Germany) commenced construction of a new manufacturing facility dedicated to the diagnostic imaging portfolio in China.
  • Partnership: In June 2024, GE Healthcare (US) partnered with the University of Cincinnati, UC Health, and Cincinnati Children’s. The partnership aims to revolutionize MRI technology and clinical outcomes by merging academic research with industry expertise.
  • Expansion: In May 2024, Siemens Healthineers (Germany) opened a new facility in Oxford, aiming to increase production capability for MRI systems. The expansion aims to develop more robust solutions in MRI cooling technology.

Key Market Players

KEY PLAYERS IN THE MRI SYSTEMS MARKET INCLUDE

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Scope of the Report

Report Metric Details
Market size available for years 2022-2030
Base Year Considered 2024
Forecast period 2025-2030
Forecast units Value (USD)
Segments covered Field Strength, Architecture, Design, Application, End User, and Region
Geographies covered North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa

Key Questions Addressed by the Report

What is the expected CAGR of the market during the forecast period?
The global MRI systems market is expected to grow at a CAGR of 6.5% during the forecast period.
By field strength, which segment is expected to grow at the highest CAGR?
The ultra-high-field MRI systems market segment is expected to grow at the highest rate.
What strategies are the top market players adopting to penetrate emerging regions?
Partnerships, distribution agreements, collaborations, and product launches are key strategies used to expand in emerging economies.
What are the major factors expected to limit the growth of the MRI systems market?
Hospital budget cuts and a shortage of skilled professionals are expected to limit the adoption of hospital MRI systems.
Who are the leading players in the MRI systems market?
GE HealthCare (US), Siemens Healthineers (Germany), and Koninklijke Philips N.V. (Netherlands).

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
24
RESEARCH METHODOLOGY
29
EXECUTIVE SUMMARY
42
PREMIUM INSIGHTS
47
MARKET OVERVIEW
52
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Public-private partnerships to scale diagnostic imaging landscape
    - Growing prevalence of MSDs and increasing geriatric population to boost demand
    - Integration of iMRI into surgery to catalyze growth of MRI systems market
    RESTRAINTS
    - Complex operations and maintenance of MRI systems
    - Premium pricing of MRI systems
    - Global helium shortage
    OPPORTUNITIES
    - Emergence of helium-free MRI systems
    - AI integration with MRI technology for process optimization
    CHALLENGES
    - Limited capital budgets
    - Dearth of trained and skilled professionals
  • 5.3 PORTER’S FIVE FORCES ANALYSIS
  • 5.4 REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    REGULATIONS, BY REGION
    - North America
    - Europe
    - Asia Pacific
  • 5.5 REIMBURSEMENT SCENARIO ANALYSIS
    RELEVANT REIMBURSEMENT CODE, BY COUNTRY
    REIMBURSEMENT TRENDS, BY REGION, 2022–2024
    - North America
    - Europe
    - Asia Pacific
    - Latin America
    - Middle East & Africa
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 VALUE CHAIN ANALYSIS
    R&D
    RAW MATERIAL PROCUREMENT AND PRODUCT DEVELOPMENT
    MARKETING, SALES, AND DISTRIBUTION
    AFTERMARKET SERVICES
  • 5.8 SUPPLY CHAIN ANALYSIS
    PROMINENT COMPANIES
    SMALL AND MEDIUM-SIZED ENTERPRISES
    END USERS
    SALES AND DISTRIBUTION
  • 5.9 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND, BY KEY PLAYER, 2022–2024
    AVERAGE SELLING PRICE TREND, BY REGION, 2022–2024
  • 5.10 PATENT ANALYSIS
  • 5.11 TRADE ANALYSIS
    IMPORT SCENARIO
    EXPORT SCENARIO
  • 5.12 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Ultrafast imaging technologies
    - Ultra-high-field MRI
    COMPLEMENTARY TECHNOLOGIES
    - Advanced coil technology
    - Weight-bearing MRI imaging
    ADJACENT TECHNOLOGIES
    - AI and machine learning in MRI imaging
  • 5.13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.14 INVESTMENT & FUNDING SCENARIO
  • 5.15 KEY CONFERENCES AND EVENTS, 2025–2026
  • 5.16 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    KEY BUYING CRITERIA
  • 5.17 CASE STUDY ANALYSIS
    EXPANDING ACCESS TO MRI SYSTEMS
  • 5.18 MRI SCAN APPLICATIONS, 2022–2024
  • 5.19 IMPACT OF AI ON MRI SYSTEMS MARKET
    INTRODUCTION
    MARKET POTENTIAL OF MRI SYSTEMS
    KEY COMPANIES IMPLEMENTING AI
    FUTURE OF AI IN MRI SYSTEMS MARKET ECOSYSTEM
  • 5.20 US TARIFF 2025
    INTRODUCTION
    KEY TARIFF RATES
    PRICE IMPACT ANALYSIS
    IMPACT ON COUNTRY/REGION
    - US
    - Europe
    - Asia Pacific
    IMPACT ON END USE INDUSTRIES
MRI SYSTEMS MARKET, BY APPLICATION
102
  • 6.1 INTRODUCTION
  • 6.2 BRAIN & NEUROLOGICAL MRI
    RISE IN NEURODEGENERATIVE DISEASES TO DRIVE MARKET
  • 6.3 SPINE & MUSCULOSKELETAL MRI
    GROWING PREVALENCE OF MUSCULOSKELETAL DISORDERS TO DRIVE MARKET
  • 6.4 VASCULAR MRI
    USE OF VASCULAR MRI AS ALTERNATIVE TO CT TO SUPPORT MARKET GROWTH
  • 6.5 PELVIC & ABDOMINAL MRI
    NEED FOR DETECTING PROSTATE AND CERVICAL CANCERS TO PROPEL MARKET
  • 6.6 BREAST MRI
    GROWING AWARENESS REGARDING EARLY BREAST CANCER SCREENING TO DRIVE MARKET
  • 6.7 CARDIAC MRI
    RISING INCIDENCE OF CVD TO SUPPORT MARKET GROWTH
  • 6.8 PEDIATRIC MRI
    NEED FOR EFFICIENT DIAGNOSTIC ACCURACY AND EARLY DETECTION TO PROMOTE USE OF PEDIATRIC MRI
  • 6.9 OTHER APPLICATIONS
MRI SYSTEMS MARKET, BY ARCHITECTURE
111
  • 7.1 INTRODUCTION
  • 7.2 CLOSED MRI SYSTEMS
    STANDARD BORE MRI SYSTEMS
    - High accuracy and improved sensitivity of systems to propel market
    WIDE-BORE MRI SYSTEMS
    - High-quality MRI images and improved patient comfort to drive market
  • 7.3 OPEN MRI SYSTEMS
    USE OF OPEN MRI SYSTEMS FOR CHILDREN AND OBESE PATIENTS TO DRIVE MARKET
MRI SYSTEMS MARKET, BY DESIGN
117
  • 8.1 INTRODUCTION
  • 8.2 FIXED/STATIONARY MRI SYSTEMS
    FLOOR-FIXED MRI SYSTEMS
    - High flexibility and low initial installation costs to drive demand
    CEILING-FIXED MRI SYSTEMS
    - Need for MRI systems with high stability and more space to drive market
  • 8.3 PORTABLE MRI SYSTEMS
    ADOPTION OF PORTABLE/MOBILE MRI SYSTEMS DUE TO THEIR COST-EFFECTIVENESS AND FLEXIBILITY TO BOOST GROWTH
MRI SYSTEMS MARKET, BY FIELD STRENGTH
123
  • 9.1 INTRODUCTION
  • 9.2 HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS
    1.5T
    - Rising use of 1.5T MRI systems for routine examinations to propel market
    3T
    - Increasing use of 3T MRI systems to obtain high-quality images to drive market
  • 9.3 LOW-TO-MID-FIELD MRI SYSTEMS
    RISING ADOPTION OF OXYGEN-ENHANCED MRI SYSTEMS TO DRIVE MARKET
  • 9.4 ULTRA-HIGH-FIELD MRI SYSTEMS
    RISING INNOVATION AND ADVANCEMENTS TO SUPPORT DEMAND FOR ULTRA-HIGH-FIELD SYSTEMS
MRI SYSTEMS MARKET, BY END USER
131
  • 10.1 INTRODUCTION
  • 10.2 HOSPITALS
    INCREASING ADOPTION OF ADVANCED MRI SYSTEMS TO PROPEL MARKET
  • 10.3 DIAGNOSTIC IMAGING CENTERS
    RISING DEVELOPMENT OF PRIVATE IMAGING CENTERS TO FUEL MARKET
  • 10.4 OTHER END USERS
MRI SYSTEMS MARKET, BY REGION
136
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    NORTH AMERICA: MACROECONOMIC OUTLOOK
    US
    - Strategic reforms in reimbursements and partnerships to drive market
    CANADA
    - Progressive government policies and growing pulse of diagnostic imaging to spur market
  • 11.3 EUROPE
    EUROPE: MACROECONOMIC OUTLOOK
    GERMANY
    - Digital push in healthcare access and supportive government policies to drive market
    UK
    - Strategic developments in diagnostic imaging niche to propel market
    FRANCE
    - Increasing patient population and reforms in MRI coverage policies to boost growth
    ITALY
    - Progressive government initiatives and strong corporate collaborations to propel
    SPAIN
    - Strategic policy reforms and technological advancements in preclinical MRI to drive market
    REST OF EUROPE
  • 11.4 ASIA PACIFIC
    ASIA PACIFIC: MACROECONOMIC OUTLOOK
    JAPAN
    - Strong healthcare infrastructure and supportive government reimbursement policies to boost growth
    CHINA
    - Policy reforms, progressive infrastructure plans, and foreign collaborations to boost market
    INDIA
    - Industry collaboration and public-private synergy to expand diagnostic imaging landscape
    AUSTRALIA
    - New research initiatives and policy enhancements to promote growth
    SOUTH KOREA
    - Supportive government policies to promote growth
    REST OF ASIA PACIFIC
  • 11.5 LATIN AMERICA
    LATIN AMERICA: MACROECONOMIC OUTLOOK
    BRAZIL
    - Increased burden of diseases and growing adoption of healthcare insurance to drive market
    MEXICO
    - Industry partnerships to drive market growth
    REST OF LATIN AMERICA
  • 11.6 MIDDLE EAST & AFRICA
    MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK
    GCC COUNTRIES
    - Favorable government initiatives to contribute to market growth
    REST OF MIDDLE EAST & AFRICA
    - Increased adoption of mass spectrometers to contribute to growth
COMPETITIVE LANDSCAPE
182
  • 12.1 INTRODUCTION
  • 12.2 KEY PLAYERS’ STRATEGIES/RIGHT TO WIN
  • 12.3 REVENUE SHARE ANALYSIS, 2020–2024
  • 12.4 MARKET SHARE ANALYSIS
  • 12.5 RANKING OF KEY PLAYERS, 2024
  • 12.6 COMPANY VALUATION AND FINANCIAL METRICS
  • 12.7 BRAND/PRODUCT COMPARISON
  • 12.8 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
    STARS
    PERVASIVE PLAYERS
    EMERGING LEADERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2024
    - Company footprint
    - Field strength footprint
    - Application footprint
    - End user footprint
    - Region footprint
  • 12.9 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING OF STARTUPS/SMES, 2024
    - Detailed list of key startups/SMEs
    - Competitive benchmarking of key startups/SMEs
  • 12.10 COMPETITIVE SCENARIO
    PRODUCT LAUNCHES AND APPROVALS
    DEALS
    EXPANSIONS
COMPANY PROFILES
204
  • 13.1 KEY PLAYERS
    SIEMENS HEALTHINEERS
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    KONINKLIJKE PHILIPS N.V.
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    GE HEALTHCARE
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    CANON MEDICAL SYSTEMS
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    FUJIFILM CORPORATION
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    FONAR CORPORATION
    - Business overview
    - Products offered
    - Recent developments
    ESAOTE S.P.A
    - Business overview
    - Products offered
    - Recent developments
    SHANGHAI UNITED IMAGING HEALTHCARE CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
    ASPECT IMAGING LTD.
    - Business overview
    - Products offered
    TIME MEDICAL HOLDING
    - Business overview
    - Products offered
    - Recent developments
    NEUSOFT MEDICAL SYSTEMS CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
    STERNMED GMBH
    - Business overview
    - Products offered
    - Recent developments
    HYPERFINE, INC.
    - Business overview
    - Products offered
    - Recent developments
    SHENZHEN BASDA MEDICAL APPARATUS CO., LTD.
    - Business overview
    - Products offered
    SHENZHEN ANKE HIGH-TECH., LTD.
    - Business overview
    - Products offered
  • 13.2 OTHER PLAYERS
    MAGNETICA LTD
    AURORA HEALTHCARE US CORP
    INNERVISION MRI LTD.
    BEIJING WANDONG MEDICAL TECHNOLOGY CO., LTD.
    MEDONICA CO., LTD
    NEOSCAN SOLUTIONS GMBH
    KANGDA INTERCONTINENTAL MEDICAL EQUIPMENT CO., LTD.
    MINFOUND MEDICAL SYSTEMS CO., LTD.
    SYNAPTIVE MEDICAL
    XINGAOYI MEDICAL EQUIPMENT CO., LTD
APPENDIX
251
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 MARKET DYNAMICS: IMPACT ANALYSIS
  • TABLE 2 IMPACT OF PORTER’S FORCES ON MRI SYSTEMS MARKET
  • TABLE 3 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 4 US FDA: MEDICAL DEVICE CLASSIFICATION
  • TABLE 5 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
  • TABLE 6 CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
  • TABLE 7 JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA
  • TABLE 8 CHINA: CLASSIFICATION OF MEDICAL DEVICES
  • TABLE 9 NORTH AMERICA: RELEVANT MRI REIMBURSEMENT CODE
  • TABLE 10 EUROPE: RELEVANT MRI REIMBURSEMENT CODE
  • TABLE 11 ASIA PACIFIC: RELEVANT MRI REIMBURSEMENT CODE
  • TABLE 12 ROLE OF COMPANIES/ORGANIZATIONS IN MARKET ECOSYSTEM
  • TABLE 13 AVERAGE SELLING PRICING TREND OF MRI SYSTEMS, BY KEY PLAYER, 2022–2024
  • TABLE 14 AVERAGE SELLING PRICING TREND OF MRI SYSTEMS, BY REGION, 2022–2024
  • TABLE 15 INNOVATIONS AND PATENT REGISTRATIONS, 2023–2024
  • TABLE 16 IMPORT DATA FOR HS CODE 9018-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
  • TABLE 17 EXPORT DATA FOR HS CODE 9018-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
  • TABLE 18 KEY CONFERENCES AND EVENTS, 2025–2026
  • TABLE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY FIELD STRENGTH
  • TABLE 20 KEY BUYING CRITERIA, BY END USER
  • TABLE 21 EXPANDING ACCESS TO MRI SYSTEMS
  • TABLE 22 MRI SCAN APPLICATIONS, BY REGION, 2022 (‘000 UNITS)
  • TABLE 23 MRI SCAN APPLICATIONS, BY REGION, 2023 (‘000 UNITS)
  • TABLE 24 MRI SCAN APPLICATIONS, BY REGION, 2024 (‘000 UNITS)
  • TABLE 25 RECIPROCAL TARIFF RATES ADJUSTED BY US
  • TABLE 26 MRI SYSTEMS MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  • TABLE 27 MRI SYSTEMS MARKET FOR BRAIN & NEUROLOGICAL MRI, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 28 MRI SYSTEMS MARKET FOR SPINE & MUSCULOSKELETAL MRI, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 29 MRI SYSTEMS MARKET FOR VASCULAR MRI, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 30 MRI SYSTEMS MARKET FOR PELVIC & ABDOMINAL MRI, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 31 MRI SYSTEMS MARKET FOR BREAST MRI, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 32 MRI SYSTEMS MARKET FOR CARDIAC MRI, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 33 MRI SYSTEMS MARKET FOR PEDIATRIC MRI, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 34 MRI SYSTEMS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 35 MRI SYSTEMS MARKET, BY ARCHITECTURE, 2023–2030 (USD MILLION)
  • TABLE 36 CLOSED MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 37 CLOSED MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 38 STANDARD BORE MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 39 WIDE-BORE MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 40 OPEN MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 41 MRI SYSTEMS MARKET, BY DESIGN, 2023–2030 (USD MILLION)
  • TABLE 42 FIXED/STATIONARY MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 43 FIXED/STATIONARY MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 44 FLOOR-FIXED MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 45 CEILING-FIXED MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 46 PORTABLE MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 47 MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 48 HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 49 HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY REGION, 2022–2024 (UNITS)
  • TABLE 50 1.5T MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 51 1.5T MRI SYSTEMS MARKET, BY REGION, 2022–2024 (UNITS)
  • TABLE 52 3T MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 53 3T MRI SYSTEMS MARKET, BY REGION, 2022–2024 (UNITS)
  • TABLE 54 LOW-TO-MID-FIELD MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 55 LOW-TO-MID-FIELD MRI SYSTEMS MARKET, BY REGION, 2022–2024 (UNITS)
  • TABLE 56 ULTRA-HIGH-FIELD MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 57 ULTRA-HIGH-FIELD MRI SYSTEMS MARKET, BY REGION, 2022–2024 (UNITS)
  • TABLE 58 MRI SYSTEMS MARKET, BY END USER, 2023–2030 (USD MILLION)
  • TABLE 59 MRI SYSTEMS MARKET FOR HOSPITALS, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 60 MRI SYSTEMS MARKET FOR DIAGNOSTIC IMAGING CENTERS, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 61 MRI SYSTEMS MARKET FOR OTHER END USERS, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 62 MRI SYSTEMS MARKET, BY REGION, 2023–2030 (USD MILLION)
  • TABLE 63 NORTH AMERICA: MACROECONOMIC OUTLOOK
  • TABLE 64 NORTH AMERICA: MRI SYSTEMS MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 65 NORTH AMERICA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 66 NORTH AMERICA: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 67 NORTH AMERICA: MRI SYSTEMS MARKET, BY ARCHITECTURE, 2023–2030 (USD MILLION)
  • TABLE 68 NORTH AMERICA: CLOSED MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 69 NORTH AMERICA: MRI SYSTEMS MARKET, BY DESIGN, 2023–2030 (USD MILLION)
  • TABLE 70 NORTH AMERICA: FIXED/STATIONARY MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 71 NORTH AMERICA: MRI SYSTEMS MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  • TABLE 72 NORTH AMERICA: MRI SYSTEMS MARKET, BY END USER, 2023–2030 (USD MILLION)
  • TABLE 73 US: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 74 US: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 75 CANADA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 76 CANADA: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 77 EUROPE: MACROECONOMIC OUTLOOK
  • TABLE 78 EUROPE: MRI SYSTEMS MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 79 EUROPE: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 80 EUROPE: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 81 EUROPE: MRI SYSTEMS MARKET, BY ARCHITECTURE, 2023–2030 (USD MILLION)
  • TABLE 82 EUROPE: CLOSED MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 83 EUROPE: MRI SYSTEMS MARKET, BY DESIGN, 2023–2030 (USD MILLION)
  • TABLE 84 EUROPE: FIXED/STATIONARY MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 85 EUROPE: MRI SYSTEMS MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  • TABLE 86 EUROPE: MRI SYSTEMS MARKET, BY END USER, 2023–2030 (USD MILLION)
  • TABLE 87 GERMANY: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 88 GERMANY: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 89 UK: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 90 UK: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 91 FRANCE: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 92 FRANCE: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 93 ITALY: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 94 ITALY: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 95 SPAIN: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 96 SPAIN: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 97 REST OF EUROPE: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 98 REST OF EUROPE: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 99 ASIA PACIFIC: MACROECONOMIC OUTLOOK
  • TABLE 100 ASIA PACIFIC: MRI SYSTEMS MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 101 ASIA PACIFIC: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 102 ASIA PACIFIC: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 103 ASIA PACIFIC: MRI SYSTEMS MARKET, BY ARCHITECTURE, 2023–2030 (USD MILLION)
  • TABLE 104 ASIA PACIFIC: CLOSED MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 105 ASIA PACIFIC: MRI SYSTEMS MARKET, BY DESIGN, 2023–2030 (USD MILLION)
  • TABLE 106 ASIA PACIFIC: FIXED/STATIONARY MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 107 ASIA PACIFIC: MRI SYSTEMS MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  • TABLE 108 ASIA PACIFIC: MRI SYSTEMS MARKET, BY END USER, 2023–2030 (USD MILLION)
  • TABLE 109 JAPAN: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 110 JAPAN: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 111 CHINA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 112 CHINA: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 113 INDIA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 114 INDIA: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 115 AUSTRALIA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 116 AUSTRALIA: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 117 SOUTH KOREA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 118 SOUTH KOREA: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 119 REST OF ASIA PACIFIC: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 120 REST OF ASIA PACIFIC: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 121 LATIN AMERICA: MACROECONOMIC OUTLOOK
  • TABLE 122 LATIN AMERICA: MRI SYSTEMS MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 123 LATIN AMERICA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 124 LATIN AMERICA: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 125 LATIN AMERICA: MRI SYSTEMS MARKET, BY ARCHITECTURE, 2023–2030 (USD MILLION)
  • TABLE 126 LATIN AMERICA: CLOSED MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 127 LATIN AMERICA: MRI SYSTEMS MARKET, BY DESIGN, 2023–2030 (USD MILLION)
  • TABLE 128 LATIN AMERICA: FIXED/STATIONARY MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 129 LATIN AMERICA: MRI SYSTEMS MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  • TABLE 130 LATIN AMERICA: MRI SYSTEMS MARKET, BY END USER, 2023–2030 (USD MILLION)
  • TABLE 131 BRAZIL: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 132 BRAZIL: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 133 MEXICO: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 134 MEXICO: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 135 REST OF LATIN AMERICA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 136 REST OF LATIN AMERICA: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 137 MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK
  • TABLE 138 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
  • TABLE 139 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 140 MIDDLE EAST & AFRICA: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 141 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET, BY ARCHITECTURE, 2023–2030 (USD MILLION)
  • TABLE 142 MIDDLE EAST & AFRICA: CLOSED MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 143 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET, BY DESIGN, 2023–2030 (USD MILLION)
  • TABLE 144 MIDDLE EAST & AFRICA: FIXED/STATIONARY MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 145 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET, BY APPLICATION, 2023–2030 (USD MILLION)
  • TABLE 146 MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET, BY END USER, 2023–2030 (USD MILLION)
  • TABLE 147 GCC COUNTRIES: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 148 GCC COUNTRIES: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 149 REST OF MIDDLE EAST & AFRICA: MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2023–2030 (USD MILLION)
  • TABLE 150 REST OF MIDDLE EAST & AFRICA: HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS MARKET, BY TYPE, 2023–2030 (USD MILLION)
  • TABLE 151 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN MRI SYSTEMS MARKET, 2021–2025
  • TABLE 152 MRI SYSTEMS MARKET: DEGREE OF COMPETITION
  • TABLE 153 MRI SYSTEMS MARKET: FIELD STRENGTH FOOTPRINT
  • TABLE 154 MRI SYSTEMS MARKET: APPLICATION FOOTPRINT
  • TABLE 155 MRI SYSTEMS MARKET: END USER FOOTPRINT
  • TABLE 156 MRI SYSTEMS MARKET: REGION FOOTPRINT
  • TABLE 157 MRI SYSTEMS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 158 MRI SYSTEMS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 159 MRI SYSTEMS MARKET: PRODUCT LAUNCHES AND APPROVALS, JANUARY 2021–APRIL 2025
  • TABLE 160 MRI SYSTEMS MARKET: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 161 MRI SYSTEMS MARKET: EXPANSIONS, JANUARY 2021–APRIL 2025
  • TABLE 162 SIEMENS HEALTHINEERS: COMPANY OVERVIEW
  • TABLE 163 SIEMENS HEALTHINEERS: PRODUCTS OFFERED
  • TABLE 164 SIEMENS HEALTHINEERS: PRODUCT LAUNCHES AND APPROVALS, JANUARY 2021–APRIL 2025
  • TABLE 165 SIEMENS HEALTHINEERS: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 166 SIEMENS HEALTHINEERS: EXPANSIONS, JANUARY 2021–APRIL 2025
  • TABLE 167 KONINKLIJKE PHILIPS N.V.: COMPANY OVERVIEW
  • TABLE 168 KONINKLIJKE PHILIPS N.V.: PRODUCTS OFFERED
  • TABLE 169 KONINKLIJKE PHILIPS N.V.: PRODUCT LAUNCHES AND APPROVALS, JANUARY 2021–APRIL 2025
  • TABLE 170 KONINKLIJKE PHILIPS N.V.: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 171 KONINKLIJKE PHILIPS N.V.: EXPANSIONS, JANUARY 2021–APRIL 2025
  • TABLE 172 GE HEALTHCARE: COMPANY OVERVIEW
  • TABLE 173 GE HEALTHCARE: PRODUCTS OFFERED
  • TABLE 174 GE HEALTHCARE: PRODUCT LAUNCHES AND APPROVALS, JANUARY 2021–APRIL 2025
  • TABLE 175 GE HEALTHCARE: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 176 GE HEALTHCARE: EXPANSIONS, JANUARY 2021–APRIL 2025
  • TABLE 177 CANON MEDICAL SYSTEMS: COMPANY OVERVIEW
  • TABLE 178 CANON MEDICAL SYSTEMS: PRODUCTS OFFERED
  • TABLE 179 CANON MEDICAL SYSTEMS: PRODUCT LAUNCHES AND APPROVALS, JANUARY 2021–APRIL 2025
  • TABLE 180 CANON MEDICAL SYSTEMS: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 181 FUJIFILM CORPORATION: COMPANY OVERVIEW
  • TABLE 182 FUJIFILM CORPORATION: PRODUCTS OFFERED
  • TABLE 183 FUJIFILM CORPORATION: PRODUCT LAUNCHES AND APPROVALS, JANUARY 2021–APRIL 2025
  • TABLE 184 FUJIFILM CORPORATION: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 185 FONAR CORPORATION: COMPANY OVERVIEW
  • TABLE 186 FONAR CORPORATION: PRODUCTS OFFERED
  • TABLE 187 FONAR CORPORATION: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 188 ESAOTE SPA: COMPANY OVERVIEW
  • TABLE 189 ESAOTE SPA: PRODUCTS OFFERED
  • TABLE 190 ESAOTE SPA: PRODUCT LAUNCHES AND APPROVALS, JANUARY 2021–APRIL 2025
  • TABLE 191 ESAOTE SPA: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 192 SHANGHAI UNITED IMAGING HEALTHCARE CO., LTD.: COMPANY OVERVIEW
  • TABLE 193 SHANGHAI UNITED IMAGING HEALTHCARE CO., LTD.: PRODUCTS OFFERED
  • TABLE 194 SHANGHAI UNITED IMAGING HEALTHCARE CO., LTD.: PRODUCT LAUNCHES AND APPROVALS, JANUARY 2021–APRIL 2025
  • TABLE 195 SHANGHAI UNITED IMAGING HEALTHCARE CO., LTD.: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 196 SHANGHAI UNITED IMAGING HEALTHCARE CO., LTD.: EXPANSIONS, JANUARY 2021–APRIL 2025
  • TABLE 197 ASPECT IMAGING LTD.: COMPANY OVERVIEW
  • TABLE 198 ASPECT IMAGING LTD.: PRODUCTS OFFERED
  • TABLE 199 TIME MEDICAL HOLDING: COMPANY OVERVIEW
  • TABLE 200 TIME MEDICAL HOLDING: PRODUCTS OFFERED
  • TABLE 201 TIME MEDICAL HOLDING: PRODUCT LAUNCHES AND APPROVALS, JANUARY 2021–APRIL 2025
  • TABLE 202 TIME MEDICAL HOLDING: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 203 TIME MEDICAL HOLDING: EXPANSIONS, JANUARY 2021–APRIL 2025
  • TABLE 204 NEUSOFT MEDICAL SYSTEMS CO., LTD.: COMPANY OVERVIEW
  • TABLE 205 NEUSOFT MEDICAL SYSTEMS CO., LTD.: PRODUCTS OFFERED
  • TABLE 206 NEUSOFT MEDICAL SYSTEMS CO., LTD.: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 207 STERNMED GMBH: COMPANY OVERVIEW
  • TABLE 208 STERNMED GMBH: PRODUCTS OFFERED
  • TABLE 209 STERNMED GMBH: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 210 HYPERFINE, INC.: COMPANY OVERVIEW
  • TABLE 211 HYPERFINE, INC.: PRODUCTS OFFERED
  • TABLE 212 HYPERFINE, INC.: DEALS, JANUARY 2021–APRIL 2025
  • TABLE 213 SHENZHEN BASDA MEDICAL APPARATUS CO., LTD.: COMPANY OVERVIEW
  • TABLE 214 SHENZHEN BASDA MEDICAL APPARATUS CO., LTD.: PRODUCTS OFFERED
  • TABLE 215 SHENZHEN ANKE HIGH-TECH., LTD: COMPANY OVERVIEW
  • TABLE 216 SHENZHEN ANKE HIGH-TECH., LTD: PRODUCTS OFFERED
  • TABLE 217 MAGNETICA LTD: COMPANY OVERVIEW
  • TABLE 218 AURORA HEALTHCARE US CORP: COMPANY OVERVIEW
  • TABLE 219 INNERVISION MRI LTD.: COMPANY OVERVIEW
  • TABLE 220 BEIJING WANDONG MEDICAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
  • TABLE 221 MEDONICA CO., LTD: COMPANY OVERVIEW
  • TABLE 222 NEOSCAN SOLUTIONS GMBH: COMPANY OVERVIEW
  • TABLE 223 KANGDA INTERCONTINENTAL MEDICAL EQUIPMENT CO., LTD.:COMPANY OVERVIEW
  • TABLE 224 MINFOUND MEDICAL SYSTEMS CO., LTD.: COMPANY OVERVIEW
  • TABLE 225 SYNAPTIVE MEDICAL: COMPANY OVERVIEW
  • TABLE 226 XINGAOYI MEDICAL EQUIPMENT CO,. LTD: COMPANY OVERVIEW
LIST OF FIGURES
 
  • FIGURE 1 RESEARCH DESIGN
  • FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY-SIDE AND DEMAND-SIDE PARTICIPANTS
  • FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
  • FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
  • FIGURE 5 APPROACH 1 (COMPANY REVENUE ESTIMATION)
  • FIGURE 6 REVENUE SHARE ANALYSIS: ILLUSTRATIVE EXAMPLE OF SIEMENS HEALTHINEERS
  • FIGURE 7 APPROACH 2: CUSTOMER-BASED MARKET ESTIMATION
  • FIGURE 8 CAGR PROJECTIONS: SUPPLY-SIDE ANALYSIS
  • FIGURE 9 DATA TRIANGULATION METHODOLOGY
  • FIGURE 10 MRI SYSTEMS MARKET, BY FIELD STRENGTH, 2025 VS. 2030 (USD MILLION)
  • FIGURE 11 MRI SYSTEMS MARKET, BY ARCHITECTURE, 2025 VS. 2030 (USD MILLION)
  • FIGURE 12 MRI SYSTEMS MARKET, BY APPLICATION, 2025 VS. 2030 (USD MILLION)
  • FIGURE 13 MRI SYSTEMS MARKET, BY END USER, 2025 VS. 2030 (USD MILLION)
  • FIGURE 14 MRI SYSTEMS MARKET: GEOGRAPHIC SNAPSHOT
  • FIGURE 15 RISING PREVALENCE OF CHRONIC DISEASES TO DRIVE MARKET
  • FIGURE 16 HIGH-TO-VERY-HIGH-FIELD MRI SYSTEMS SEGMENT TO DOMINATE MARKET IN 2025
  • FIGURE 17 BRAIN & NEUROLOGICAL MRI SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
  • FIGURE 18 HOSPITALS SEGMENT TO ACCOUNT FOR LARGEST SHARE IN 2025
  • FIGURE 19 CHINA TO WITNESS HIGHEST GROWTH DURING FORECAST PERIOD
  • FIGURE 20 MRI SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 21 PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 22 ECOSYSTEM ANALYSIS
  • FIGURE 23 VALUE CHAIN ANALYSIS
  • FIGURE 24 SUPPLY CHAIN ANALYSIS
  • FIGURE 25 AVERAGE SELLING PRICE TREND OF MRI SYSTEMS, BY KEY PLAYER, 2022–2024 (USD MILLION)
  • FIGURE 26 AVERAGE SELLING PRICE TREND OF MRI SYSTEMS, BY REGION, 2022–2024 (USD MILLION)
  • FIGURE 27 PATENTS GRANTED, 2014–2024
  • FIGURE 28 IMPORT DATA FOR HS CODE 9018-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
  • FIGURE 29 EXPORT DATA FOR HS CODE 9018-COMPLIANT PRODUCTS, BY COUNTRY, 2020–2024 (USD THOUSAND)
  • FIGURE 30 NEW REVENUE POCKETS FOR PLAYERS IN MRI SYSTEMS MARKET
  • FIGURE 31 INVESTMENT & FUNDING SCENARIO, 2019–2023 (USD MILLION)
  • FIGURE 32 NUMBER OF DEALS, BY KEY PLAYER, 2019–2023
  • FIGURE 33 TOTAL VALUE OF DEALS, BY KEY PLAYER, 2019–2023 (USD MILLION)
  • FIGURE 34 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY FIELD STRENGTH
  • FIGURE 35 KEY BUYING CRITERIA, BY END USER
  • FIGURE 36 AI-INTEGRATED MRI SYSTEMS: USE CASES
  • FIGURE 37 PRICE IMPACT ANALYSIS
  • FIGURE 38 NORTH AMERICA: MRI SYSTEMS MARKET SNAPSHOT
  • FIGURE 39 ASIA PACIFIC: MRI SYSTEMS MARKET SNAPSHOT
  • FIGURE 40 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024 (USD MILLION)
  • FIGURE 41 MARKET SHARE OF KEY PLAYERS, 2024
  • FIGURE 42 RANKING OF KEY PLAYERS, 2024
  • FIGURE 43 EV/EBITDA OF TOP THREE PLAYERS, 2025
  • FIGURE 44 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF TOP THREE VENDORS, 2025
  • FIGURE 45 BRAND/PRODUCT COMPARISON
  • FIGURE 46 MRI SYSTEMS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
  • FIGURE 47 COMPANY FOOTPRINT
  • FIGURE 48 MRI SYSTEMS MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
  • FIGURE 49 SIEMENS HEALTHINEERS: COMPANY SNAPSHOT (2024)
  • FIGURE 50 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2024)
  • FIGURE 51 GE HEALTHCARE: COMPANY SNAPSHOT (2024)
  • FIGURE 52 CANON MEDICAL SYSTEMS: COMPANY SNAPSHOT (2024)
  • FIGURE 53 FUJIFILM CORPORATION: COMPANY SNAPSHOT (2024)
  • FIGURE 54 FONAR CORPORATION: COMPANY SNAPSHOT (2024)
  • FIGURE 55 SHANGHAI UNITED IMAGING HEALTHCARE CO., LTD.: COMPANY SNAPSHOT (2024)
  • FIGURE 56 HYPERFINE, INC.: COMPANY SNAPSHOT (2024)

 

This study analyzed various market variables related to small and medium-sized businesses and major corporations to balance primary and secondary research for the MRI systems market. The next phase involved conducting primary research with industry experts along the value chain to validate the findings, assumptions, and market sizing. Several methodologies were employed to estimate the overall market size, including both top-down and bottom-up approaches.

This study focuses on key market segments, emerging trends, regulatory frameworks, and competitive environments. It also examines leading market players and their strategies within this sector. In conclusion, the total market size was determined using top-down and bottom-up approaches and data triangulation to arrive at the final figure. Ongoing primary research was conducted throughout the study to validate and test each hypothesis.

Secondary Research

During the study, secondary research utilized a variety of sources, including directories and databases such as Bloomberg Businessweek, D&B Hoovers, and Factiva. Additional materials included white papers, annual reports, SEC filings, and investor presentations. This research approach is aimed at collecting and generating data that offers comprehensive, technical, and market-focused insights into the MRI systems market. The data provides information on key players and market segmentation based on recent industry trends and significant market developments. Additionally, a database of leading industry figures was created through this secondary research.

Primary Research

Primary research involved activities aimed at obtaining both qualitative and quantitative data. Several individuals from the supply and demand sides were interviewed during this phase. On the supply side, participants included key figures such as CEOs, vice presidents, marketing and sales, directors of technology and innovation, and other important leaders. On the demand side, primary sources included academic institutions and research organizations. This real-world primary study was conducted to validate market segmentation, identify prominent market participants, and gain insights into significant industry trends and market dynamics.

A breakdown of the primary respondents is provided below:

MRI Systems Market

*Others include distributors, suppliers, product managers, business development managers, marketing managers, and sales managers.

Note: Companies are categorized into tiers based on their total revenue. As of 2024, Tier 1 = >USD 1,000 million, Tier 2 = USD 500–1,000 million, and Tier 3 = < USD 500 million.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The report comprehensively analyzes the global MRI systems market and reviews major companies and their revenue shares. Key players with significant market shares were identified through secondary research, and their MRI systems business revenues were calculated and subsequently validated through primary research. The secondary research involved analyzing leading market participants' annual and financial reports. In contrast, primary research included in-depth interviews with influential leaders, such as directors, CEOs, and marketing executives. The segmental revenue was calculated based on the revenue mapping of service and product providers to determine the global market value. The process involved the following steps:

  • List of key players that operate in the MRI systems market at the regional level
  • Formation of product mapping of manufacturers of MRI systems and related product lines at the regional level
  • Revenue mapping for listed players from MRI systems and related products & services
  • Revenue mapping of major players to cover at least ~90% of the global market share as of 2024
  • Revenue mapping extrapolation for players will drive the global market value for the respective segment
  • Summation of market value for all segments and subsegments to achieve the actual value of the global MRI systems market
MRI Systems Market

Data Triangulation

After getting the overall market size from the market size estimation process mentioned above, the MRI systems market was split into segments and subsegments. Data triangulation and market segmentation procedures were used to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying and analyzing various factors and trends from both the demand and supply sides. Additionally, top-down and bottom-up approaches verified and validated the MRI systems market.

Market Definition

Magnetic resonance imaging (MRI) is a diagnostic technique designed to visualize/create images of the internal structures of the human body using magnetic and electromagnetic fields, which induce a resonance effect of hydrogen atoms on body parts. The associated software registers and processes the electromagnetic emission created by these atoms to produce images of the body structures. These modalities help healthcare professionals visualize the internal structure and surrounding tissues. MRI systems are primarily used in hospitals and diagnostic imaging centers.

Stakeholders

  • Hospitals
  • Clinics
  • Diagnostic Imaging Centers
  • Manufacturers & Suppliers of MRI Systems
  • Product Suppliers, Distributors, and Channel Partners
  • Research Institutes
  • Regulatory Authorities & Industry Associations
  • Venture Capitalists & Investment Firms

Report Objectives

  • To define, describe, and forecast the size of MRI systems market based on field strength, architecture, design, application, end user, and region
  • To provide detailed information regarding the factors influencing the growth potential of the global MRI systems market (drivers, restraints, opportunities, challenges, and trends) 
  • To analyze micro markets with respect to individual growth trends, prospects, and contributions to the global MRI systems market.
  • To analyze key growth opportunities in the global MRI systems market for key stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of market segments and/or subsegments concerning five regions, namely, North America (US and Canada), Europe (Germany, France, the UK, Spain, Italy, and the rest of Europe), Asia Pacific (Japan, China, India, Australia, South Korea, and the rest of Asia Pacific), Latin America (Brazil, Mexico, and the rest of Latin America), and the Middle East & Africa (GCC Countries and the rest of the Middle East & Africa).
  • To profile the key players in the MRI systems market and comprehensively analyze their market shares and core competencies
  • To track and analyze the competitive developments undertaken in the global MRI systems market, such as product launches/approvals, agreements, expansions, collaborations, and acquisitions.

Previous Versions of this Report

Magnetic Resonance Imaging Systems Market by Architecture (Open MRI Systems and Closed MRI Systems (Standard Bore and Wide Bore)), Field Strength (Low-to-mid Field, High-field (1.5T and 3T), and Very-high Field) - Global Forecast to 2023

Report Code MD 3220
Published in Oct, 2023, By MarketsandMarkets™

Magnetic Resonance Imaging (MRI) Systems Market by Architecture (Open MRI Systems and Closed MRI Systems (Standard Bore and Wide Bore)), Field Strength (Low-to-mid Field, High-field (1.5T and 3T), and Very-high Field) - Global Forecast to 2023

Report Code MD 3220
Published in Apr, 2018, By MarketsandMarkets™

Magnetic Resonance Imaging (MRI) Systems Market Architecture (Open MRI, Closed MRI), Field Strength (Low-To-Mid Field (<1.5t), High Field (1.5t-3t), Very High Field (4t-6t)) & Application (Brain, Cardiac, Pelvic, Breast, Musculoskeletal) - Global Forecast to 2021

Report Code MD 3220
Published in Jun, 2016, By MarketsandMarkets™

Magnetic Resonance Imaging (MRI) Systems Market by Architecture (Open MRI, Closed MRI), Field Strength (low-to-mid field, high field, very high field, ultra-high field) & Application (Brain, Spine, Cardiac, Breast, Abdominal) - Global Forecast to 2020

Report Code MD 3220
Published in Mar, 2015, By MarketsandMarkets™

Advances in Magnetic Resonance Imaging (MRI) Market (2013-2018) - Technology Trend Analysis – By Architecture, Field Strengths, Technology & Applications in Medical Diagnostics with Market Landscape Analysis – Estimates up to 2018

Report Code MD 1989
Published in Dec, 2013, By MarketsandMarkets™

Advances in Magnetic Resonance Imaging (MRI) Market (2013-2018) - Technology Trend Analysis – By Architecture, Field Strengths, Technology & Applications in Medical Diagnostics with Market Landscape Analysis – Estimates up to 2018

Report Code MD 1989
Published in Aug, 2013, By MarketsandMarkets™

Advances in Magnetic Resonance Imaging (MRI) Market (2013-2018) - Technology Trend Analysis – By Architecture, Field Strengths, Technology & Applications in Medical Diagnostics with Market Landscape Analysis – Estimates up to 2018

Report Code MD 1989
Published in Apr, 2013, By MarketsandMarkets™

Advances in Magnetic Resonance Imaging (MRI) Market (2013-2018) - Technology Trend Analysis – By Architecture, Field Strengths, Technology & Applications in Medical Diagnostics with Market Landscape Analysis – Estimates up to 2018

Report Code MD 1989
Published in Sep, 2011, By MarketsandMarkets™

Advances in Magnetic Resonance Imaging (MRI) Market (2013-2018) - Technology Trend Analysis – By Architecture, Field Strengths, Technology & Applications in Medical Diagnostics with Market Landscape Analysis – Estimates up to 2018

Report Code MD 1989
Published in Aug, 2010, By MarketsandMarkets™
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Growth opportunities and latent adjacency in MRI Systems Market

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