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How Is The Magnetic Resonance Imaging Systems Devices And Equipment Market’s Market Value Anticipated To Evolve From 2026 To 2030?
The market for magnetic resonance imaging systems, devices, and equipment has experienced consistent growth in recent years. It is projected to expand from $9.69 billion in 2025 to $10.04 billion by 2026, achieving a compound annual growth rate (CAGR) of 3.6%. The historical growth of this market can be attributed to various factors, including the increasing prevalence of chronic and neurological disorders, the expansion of diagnostic imaging infrastructure, rising hospital investments in advanced imaging equipment, growing awareness regarding early disease diagnosis, and the availability of high-field MRI technologies.
The market size for magnetic resonance imaging systems devices and equipment is projected to experience consistent expansion over the upcoming years. It is anticipated to reach $11.67 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.8%. This growth during the forecast period is primarily attributable to the increasing integration of AI in diagnostic imaging, a rising demand for precision diagnostics, the expansion of outpatient imaging centers, a growing focus on workflow optimization in radiology, and the increasing adoption of value-based healthcare models. Key trends in the forecast period encompass the wider adoption of AI-assisted image reconstruction, a heightened demand for high-field and ultra-high-field MRI systems, an increasing preference for patient-friendly open MRI designs, the proliferation of advanced MRI software and analytics, and an enhanced focus on faster, high-resolution imaging.
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What Market Drivers Are Helping Shape The Magnetic Resonance Imaging Systems Devices And Equipment Market Expansion?
The growing elderly population is anticipated to drive expansion in the magnetic resonance imaging systems devices and equipment market moving ahead. This demographic, comprising individuals aged 65 years and older, faces a higher risk of developing chronic conditions like neurological disorders, musculoskeletal conditions, cardiovascular diseases, and various cancers. The increase in the geriatric population stems from a combination of extended life expectancy and lower fertility rates, leading to a greater percentage of older people within the overall population. Magnetic resonance imaging systems devices and equipment play a crucial role in meeting the specific healthcare requirements of older adults. These devices facilitate prompt diagnosis, tailored treatment plans, and enhanced overall health results for older individuals. For example, data from the World Economic Forum, an international organization based in Switzerland, indicated that in September 2025, Japan’s population aged 65 and over reached 36.25 million in 2024, accounting for 29.3% of its total population. This proportion is projected to rise to 34.8% by 2040 and 36.3% by 2045. Consequently, the increasing geriatric population is propelling the growth of the lancing devices and equipment market.
What Are The Major Segment Categories Within The Magnetic Resonance Imaging Systems Devices And Equipment Market?
The magnetic resonance imaging systems devices and equipment market covered in this report is segmented –
1) By Type: Close MRI, Open MRI
2) By Application: Oncology, Neurology, Cardiology, Inflamatory and Infectious Diseases, Other Applications
3) By End User: Hospitals, Imaging centers, Ambulatory surgical centers
Subsegments:
1) By Close MRI: High-field MRI, Low-field MRI, Very High-field MRI
2) By Open MRI: Open High-field MRI, Open Low-field MRI
What Trends Are Influencing The Future Of The Magnetic Resonance Imaging Systems Devices And Equipment Market?
Companies in the MRI systems market are concentrating on technological improvements, such as virtually helium-free MRI platforms, to lessen reliance on scarce cryogens, reduce infrastructure expenses, and improve sustainability. These platforms leverage advanced cooling circuits and energy-saving modes, integrating automation and AI-driven workflows to produce high-quality imaging with fewer resources. For example, in February 2024, Siemens Healthineers, a Germany-based medical technology company, unveiled its MAGNETOM Flow, a 1.5 T MRI platform. This system employs DryCool technology to restrict helium usage to only 0.7 liters with a closed helium circuit and without requiring a quench pipe. It features automated workflows and AI-based image reconstruction (Deep Resolve), enabling scan time reductions of up to 50% and enhanced image quality. Magnetom Flow also supports energy-saving modes like Eco Gradient Mode and Eco Power Mode, which can decrease cooling energy consumption by 30–45%. Its compact footprint (24 m², under 2 m tall) and the lack of a quench pipe make it simpler and more cost-effective to site in various clinical settings.
Which Companies Form The Competitive Landscape Of The Magnetic Resonance Imaging Systems Devices And Equipment Market?
Major companies operating in the magnetic resonance imaging systems devices and equipment market are Siemens Healthineers, GE Healthcare, Philips Healthcare, Hitachi Ltd., Canon Medical Systems, Esaote S.p.A, Bruker Corporation, Fonar Corporation, Neusoft Medical Systems Co. Ltd., Time Medical Systems, Aurora Imaging Technology, AllTech Medical Systems, Magnetica, Tomtec Imaging Systems GMBH, Sanrad Medical Systems Pvt. Ltd., Analogic Corporation, Hologic Inc, IMRIS Inc., Innervision Mri, Medinus Co., Millennium Technology Inc., Mindray Medical International Ltd., MR Solutions, Toshiba Corporation, Koninklijke Philips N.V., Hyperfine
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Which Region Commands The Largest Share Of The Magnetic Resonance Imaging Systems Devices And Equipment Market?
Western Europe was the largest region in the global magnetic resource imaging devices and equipment market in 2025. North America was the second-largest region in global magnetic resource imaging devices and equipment market. The regions covered in the magnetic resonance imaging systems devices and equipment market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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