Magnetic Resonance Imaging (MRI) Systems Market is estimated to be valued at USD 22.77 Bn in 2025 and is expected to reach USD 67.12 Bn by 2032, growing at a compound annual growth rate (CAGR) of 16.7% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 22.77 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
16.70%
2032 Value Projection:
USD 67.12 Bn
Global magnetic resonance imaging (MRI) systems market is a comprehensive study of the current trends, growth drivers, and restraints that are influencing the industry's trajectory. MRI systems are advanced imaging techniques that are used in diagnostic procedures for a variety of medical conditions. These systems use a strong magnetic field and radio waves to generate detailed images of the internal structures of the body. It is widely used in the diagnosis of neurological, cardiovascular, and musculoskeletal conditions, among others. The market for MRI systems is driven by several factors, including the increasing prevalence of chronic diseases, advancements in technology, and the growing demand for minimally invasive diagnostic procedures. Rise in geriatric population, who are more prone to various diseases, is also contributing to the market growth. Furthermore, the increasing investments in healthcare infrastructure, particularly in developing countries, are expected to provide significant growth opportunities for the market. However, the high cost of MRI systems and the lack of skilled professionals to operate these systems are some of the challenges that the market faces. Despite these challenges, the market is expected to witness substantial growth in the near future, due to the ongoing research and development (R&D) activities which is aimed at improving the efficiency and accuracy of MRI systems. In conclusion, global magnetic resonance imaging (MRI) systems Market is expected to witness significant growth, driven by the increasing demand for advanced diagnostic procedures, technological advancements, and the rising prevalence of chronic diseases. However, the market's growth may be hampered by the high cost of MRI systems and the lack of skilled professionals.
Market Dynamics
Increase number of product launches by the key market players is expected to drive the growth of the global magnetic resonance imaging (MRI) systems market over the forecast period. For instance, in July 2022, Cannon Medical, a medical equipment company launched new MRI system at European Congress of Radiology (ECR) 2022 meeting. The new MRI system incorporate innovative workflow solutions, image enhancement, and quicker scan technologies, all of which lead to shorter MRI procedure times.
Key features of the study
This report provides an in-depth analysis of the global magnetic resonance imaging (MRI) systems market, and provides market size (USD Bn) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key market players.
It profiles key market players in the global magnetic resonance imaging (MRI) systems market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Seimens AG, Koninklijke Philips N.V., Medtronic plc, Aurora Imaging Technologies Inc., General Electric Company, Hitachi Ltd., Esaote SpA, The InterMed Group, and Canon Medical Systems Corporation.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
Global magnetic resonance imaging (MRI) systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global magnetic resonance imaging (MRI) systems market.
Market Segmentation
Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Type
Open
Closed
Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Field Strength
Low Field Strength
Mid Field Strength
High Field Strength
Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Application
Oncology
Neurology
Cardiology
Gastroenterology
Musculoskeletal
Others
Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By End User
Hospitals
Imaging Centers
Ambulatory Surgical Centers
Others
Global Magnetic Resonance Imaging (MRI) Systems Market Segmentation, By Region
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Top Companies in the Global Magnetic Resonance Imaging (MRI) Systems Market
Seimens AG
Koninklijke Philips N.V.
Medtronic plc.
Aurora Imaging Technologies Inc.
General Electric Company
Hitachi Ltd.
Esaote SpA
The InterMed Group
Canon Medical Systems Corporation
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Magnetic Resonance Imaging (MRI) Systems, By Type
Market Magnetic Resonance Imaging (MRI) Systems, By Field of Strength
Market Magnetic Resonance Imaging (MRI) Systems, By Application
Market Magnetic Resonance Imaging (MRI) Systems, By End User
Market Magnetic Resonance Imaging (MRI) Systems, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Increasing product launches
Restraints
High cost of MRI systems
Opportunities
Market potential of low-field MRI systems
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations
4. Global Magnetic Resonance Imaging (MRI) Systems Market, By Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Open
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Closed
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Magnetic Resonance Imaging (MRI) Systems Market, By Field Strength, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Low Field Strength
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Mid Field Strength
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
High Field Strength
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Magnetic Resonance Imaging (MRI) Systems Market, By Application, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Oncology
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Neurology
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Cardiology
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Gastroenterology
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Musculoskeletal
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
7. Global Magnetic Resonance Imaging (MRI) Systems Market, By End User, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Hospitals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Imaging Centers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Ambulatory Surgical Centers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
8. Global Magnetic Resonance Imaging (MRI) Systems Market, By Region, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, By Region, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Region, 2021 -2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Field Strength, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (USD Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Field Strength, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Field Strength, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Field Strength, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Field Strength, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032, (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Type, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Field Strength, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2020-2032, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2020-2032, (USD Bn)