US MRI System Market

The increasing prevalence of chronic diseases, particularly neurological conditions like Alzheimer’s disease, cardiovascular issues such as myocardial infarction, and musculoskeletal disorders like osteoarthritis, continues to drive growth in the US MRI systems market. Furthermore, the increasing integration of artificial intelligence (AI) capabilities into MRI systems and the development of outpatient radiology facilities are significant factors driving this expansion. Key advancements include AI-enhanced imaging, innovative helium-free and low-helium magnet designs, the emergence of portable and point-of-care MRI systems, the introduction of higher magnetic field-strength systems (such as 3T+ MRI), and improved patient comfort during MRI procedures.

Additionally, the market will continue to see the impact of the aging US population on demand for MRI services; the increased availability of health insurance options, resulting in a much larger number of patients able to access advanced imaging; and the continued modernization of hospitals and replacement of outdated imaging equipment. Furthermore, we are seeing a strong push for value-centric healthcare, driving the need for technologies and systems that deliver more accurate, efficient patient imaging.

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Major players that operate in the US MRI system market are GE Healthcare (US), Siemens Healthineers (Germany), Philips Healthcare (Netherlands), FUJIFILM Corporation (Japan), Canon Inc. (Japan), FONAR Corporation (US), Hyperfine, Inc. (US), Aspect Imaging Ltd. (US), Aurora Health Care US Corp (US), among others.

Strategic investments and long-term partnerships are playing a crucial role in driving growth in the US MRI market by strengthening technology adoption, expanding infrastructure, and improving system availability. Collaborations between imaging equipment manufacturers and healthcare providers are enabling large-scale modernization of diagnostic departments, increasing MRI utilization and expanding installed bases, while parallel investments in manufacturing capacity are improving supply reliability and supporting rising demand for advanced imaging. For Instance,

• In April 2025, Siemens Healthineers and Tower Health entered into a 10-year partnership to enhance Tower Health’s radiology, cardiology, and oncology departments using Siemens Healthineers equipment, including computed tomography and magnetic resonance imaging.
• In January 2025, GE Healthcare confirmed an investment of USD 135 million to expand its manufacturing site in Carrigtwohill, Cork, aimed at addressing the growing demand for imaging used in MRI.

GE Healthcare (US), an established player in the US MRI system market, has built a solid reputation based on its commitment to image quality and innovation through developing advanced technologies, such as artificial intelligence (AI)-driven reconstruction, fast-scan techniques, and automated workflows. Given the large installed base of GE MRI systems in the United States, GE Healthcare has an advantage in servicing, upgrading, and replacing equipment due to the volume of products sold. Through GE’s development of helium-free magnets, its approach to patient comfort through improvements to MRI systems, and advances in rapid scan protocols that benefit both hospital- and outpatient-based imaging centers, GE Healthcare is very competitive in both hospital- and outpatient-based imaging markets. The long-standing presence of GE manufacturing in the US, extensive partnerships with clinical groups, and focus on providing a digital healthcare ecosystem have solidified GE Healthcare as a leading MRI supplier in the US market.

Siemens Healthineers (Germany) is a dominant player in the US MRI systems market, driven by its extensive portfolio that includes advanced 1.5 T and 3 T scanners, cutting-edge AI-powered workflow tools, and innovative technologies such as BioMatrix, which enhances patient personalization and image consistency. The company benefits from a large installed base across US hospitals and imaging centers, strong service and maintenance networks, and continuous innovation in areas such as reduced exam times, low-helium-magnet designs, and improved patient comfort. Siemens’ strategic focus on digitalization, automation, and integration with broader imaging and enterprise solutions further strengthens its position as a leading MRI provider in the US market.

Philips Healthcare (Netherlands) manufactures advanced MRI systems (Ingenia and Achieva) that deliver high-quality images, shorter scan times, and significantly greater patient comfort. Philips' MRI systems also feature advanced technology, enabling physicians to obtain the highest-quality images for accurate diagnosis and a better patient experience. Further, Philips has invested heavily in developing MRI systems that offer ecological and sustainable solutions to meet the increasing demand driven by demographic changes and environmental awareness. The company has a substantial footprint in the US healthcare market and a robust support and service network that enables it to deliver affordable, high-quality MRI systems capable of supporting a wide variety of clinical imaging modalities, from neuroimaging to orthopedic and musculoskeletal imaging.

Market Ranking:

In the US MRI systems market, the leading players are GE Healthcare, Siemens Healthineers, and Philips Healthcare, which collectively dominate with advanced, high-performance MRI systems. GE Healthcare holds a significant share, known for its large installed base and strong presence in both hospitals and outpatient centers. Siemens Healthineers follows closely, driven by its technological advancements in AI integration, workflow optimization, and high-field MRI systems. Philips Healthcare ranks alongside these two, leveraging its innovations in digital imaging and patient-centric designs. Other notable players in the market include Canon Medical Systems, which maintains a strong position with its competitive MRI offerings, and Fujifilm, which has made significant inroads into the MRI space. Smaller players such as Aspect Imaging Ltd. and Aurora Health Care US Corp also contribute to the market, but with a smaller share than the top three.

Related Reports:

 "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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