US MRI System Industry Size

The report "US MRI System Market by Component (Magnet, RF coil, Cooling System, Shim System), Field Strength (<1.3T, 1.5T, 3T, 7T), Application (Brain, Spine & MSK, Vascular, Breast, Pelvic, Cardiac), Installed Base & Replacement Rate, Forecasts to 2031" is projected to grow from USD 1.71 billion in 2026 and to reach USD 2.32 billion by 2031, at a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period.

Browse 150 market data Tables and 45 Figures spread through 210 Pages and in-depth TOC on "US MRI System Market by Component (Magnet, RF coil, Cooling System, Shim System), Field Strength (<1.3T, 1.5T, 3T, 7T), Application (Brain, Spine & MSK, Vascular, Breast, Pelvic, Cardiac), Installed Base & Replacement Rate, Forecasts to 2031" 
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The US MRI system market is projected to grow from USD 1.71 billion in 2026 to USD 2.32 billion by 2031, at a CAGR of 6.2%. The growth of the US MRI system market is driven by the increasing healthcare spending, particularly on medical infrastructure. For example, due to growing demand for non-invasive, accurate imaging, hospitals, diagnostic centers, and research organizations are increasingly purchasing sophisticated MRI systems. Reimbursement policies from Medicare and other PMIs, along with efforts to reduce the cost of MRI systems for hospitals, diagnostic centers, and physicians to provide to their patients, will also drive the adoption of MRI systems.

3 T MRI System Segment to Record Highest CAGR in US MRI System Market from 2026 to 2031

By field strength, the US MRI system market is segmented into <1.3 T, 1.5 T, 3 T, and 7 T MRI systems. The 3 T MRI segment is likely to record the highest CAGR in the US MRI system market due to its advanced imaging capabilities. 3 T MRI machines will provide an increased level of detail and image clarity over a 1.5 T MRI system due to the stronger magnetic field associated with 3 T technology. Such systems are particularly valuable for diagnosing and evaluating treatment options for patients with complex neurological, musculoskeletal, and cardiac pathologies. In addition to providing better diagnostic images of such pathologies, the need for high-resolution imaging combined with improved affordability and availability of 3 T systems is resulting in a significant upsurge in 3 T systems being installed in hospitals, outpatient clinics, and research establishments, thereby creating an extraordinary opportunity for 3 T systems to have a considerable presence in the US market.

Floor-fixed MRI Systems Segment to Record Highest CAGR in US MRI System Market During Forecast Period

By design, the US MRI system market is divided into floor-fixed, ceiling-fixed, and portable MRI systems. In the US MRI system market, floor-fixed MRI systems will record the highest growth rate due to their importance in supporting high patient volumes and their long-term economic benefits. Many hospitals and large diagnostic imaging centers (DICs) primarily focus on floor-mounted systems because these systems can handle higher patient volumes, support advanced imaging applications—including 3 T technology and machine-assisted AIs—and operate continuously with minimal downtime. As hospitals move forward with modernization projects, they are replacing traditional MRI systems due to their critical role in providing complex imaging services for neurology, oncology, and cardiology.

Brain & neurological MRI system segment to register highest CAGR in US MRI System Market between 2026 and 2031

By application, the US MRI system market is categorized into brain & neurological MRI, spine & musculoskeletal MRI, vascular MRI, pelvic & abdominal MRI, breast MRI, cardiac MRI, pediatric MRI, and other applications. Brain and neurological MRIs are likely to register the highest CAGR, mainly due to a combination of economic and technological factors. In particular, many new AI-based neuroimaging products that automate lesion detection, brain volumetry, and cognitive decline assessment have helped shift the use of MRI away from the sole purpose of diagnostic imaging toward continued monitoring and prognostication. Other significant developments supporting the increase in the use of MRIs for neuroimaging include the growing number of clinical trials (for example, those in neuroscience) and the expansion of multi-site studies supporting the discovery and development of new drugs targeting degenerative and psychiatric disorders.

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