Functional/Brain MRI System Market

The report "Functional/Brain MRI System Market by Component (Magnet, RF Coil, Cooling System, Shim System), Field Strength (1.5T, 3T, 7T), Application (Brain Tumor, Presurgical Planning, Rehab, Epilepsy), Installed Base & Replacement Rate - Global Forecast to 2031", is projected to grow from USD 0.85 billion in 2026 to USD 1.25 billion by 2031, at a CAGR of 8.0% during this period. Functional MRI is becoming an increasingly important tool in neuroimaging, providing real-time insights into brain activity and connectivity that traditional MRI scans do not. As a result, hospitals, specialty clinics, and research centers are increasingly utilizing fMRI technology.

Browse 300 market data Tables and 80 Figures spread through 350 Pages and in-depth TOC on "Functional/Brain MRI System Market by Component (Magnet, RF Coil, Cooling System, Shim System), Field Strength (1.5T, 3T, 7T), Application (Brain Tumor, Presurgical Planning, Rehab, Epilepsy), Installed Base & Replacement Rate - Global Forecast to 2031"
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The demand for fMRI is rising due to the need for detailed brain imaging for various conditions, including epilepsy, brain tumors, stroke recovery, and a range of neurodegenerative and mental health disorders. Furthermore, there is growing pressure on healthcare facilities to adopt advanced brain imaging techniques to expedite results.

For example, according to data from the World Stroke Organization, more than 12 million people worldwide will experience their first stroke in 2025, with an estimated 6.5 million fatalities resulting from this condition. Additionally, the incidence of stroke significantly increases with age. The global economic impact of stroke currently accounts for 0.66% of the global GDP, with the total cost of stroke expected to reach USD 1 trillion by 2030.

“The magnets & electromagnets segment dominated the market in 2025.

Key players in the functional/brain MRI systems market are focusing on developing stronger and higher-performing magnet systems to deliver clearer images and reduce scan times. These core hardware components are essential for modern fMRI machines and play a critical role in both clinical applications and research, making them a significant factor in purchasing decisions. Investment in magnets & electromagnets is typically associated with long-term plans, such as expanding brain imaging services. Since these components require substantial upfront investment and occasional upgrades or replacements, they generate significantly more revenue than smaller parts, such as patient tables and other accessories.

Additionally, increasing research and development activities by market players are expected to drive growth in this segment during the forecast period. For example, at the ISMRM 2022 conference, Bruker announced the launch of innovative 7 Tesla and 9.4 Tesla conduction-cooled Maxwell magnets for its leading preclinical MRI systems portfolio.

“The 3T MRI systems segment dominated the market in 2025.”

The 3T MRI systems segment holds the largest share of the functional/brain MRI systems market based on field strength, primarily due to its widespread use in both clinical and research environments. Compared to 1.5T and lower-field scanners, 3T MRI systems produce stronger magnetic fields, resulting in clearer images, shorter scan times, and more precise mapping of brain activity. These advantages make 3T fMRI a preferred choice for various applications, including surgical planning, epilepsy evaluation, brain tumor assessment, stroke recovery monitoring, and the study of neurodegenerative and mental health conditions. Furthermore, the segment is expected to grow over the forecast period, driven by increased product launches by market players. For instance, in November 2025, Royal Philips introduced the BlueSeal Horizon, a helium-free 3T MRI platform.

“The US is expected to hold the largest share of the North American market during the forecast period.”

The US is expected to hold the largest share of the functional/brain MRI systems market due to its high healthcare expenditure. This spending enables hospitals, specialty clinics, and research centers to acquire and utilize advanced imaging technologies. Furthermore, the US has a vast network of top hospitals, medical schools, and neurological research centers.

Additionally, the increasing prevalence of neurological diseases in the US is a significant factor contributing to its dominant position in the North American market. For instance, according to data published by the Centers for Disease Control and Prevention (CDC) in May 2024, nearly 3 million adults in the US have epilepsy, which is anticipated to boost the functional MRI market in the country throughout the forecast period.

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