Next-Gen Magnetic Resonance Imaging Systems Devices And Equipment : Market Forecast, Transformation, and Long-Term Trajectories
Discover trends, market shifts, and competitive outlooks for the magnetic resonance imaging systems devices and equipment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Is the Current and Projected Market Size of the Magnetic Resonance Imaging Systems Devices And Equipment Market Through 2034?
The scale of the magnetic resonance imaging systems devices and equipment market has significantly increased in the past few years. The market, which stood at $10.07 billion in 2024, is predicted to escalate to $10.74 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.6%. The previous expansion in this market sector can be credited to the progress in diagnostic imaging, an increase in the elderly population, urgent and emergency care services, as well as oncology and cancer diagnosis.
The market size for magnetic resonance imaging systems, devices, and equipment is projected to witness consistent expansion in the upcoming years. It’s estimated to reach a value of $12.02 billion in 2029, growing at a compound annual growth rate (CAGR) of 2.9%. This projected growth within the forecast period can be associated with factors such as the expansion of emerging markets, regulatory backing, radiation reduction measures, and value-focused healthcare. Noteworthy trends expected during this period include high-field and ultra-high-field mri, cardiac mri, musculoskeletal mri, and hybrid imaging.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Magnetic Resonance Imaging Systems Devices And Equipment Market?
The surge in lifestyle changes, advancements in technology, and a higher incidence of chronic illnesses are fueling the need for diagnostics, thereby propelling the MRI systems market growth. MRI systems, which generate detailed, three-dimensional anatomical images of the human body, play a crucial role in diagnosis, the identification of diseases, and monitoring treatment. The escalating health worries are boosting the usage of medical imaging technologies in healthcare facilities for diagnostic purposes. To illustrate, in India, the accessibility of the healthcare system is improved by 150,000 health and wellness centres that operate on a budget of $1.8 billion. The growing awareness about health and the significance of health insurance are also contributing considerably to the market growth.
Which Key Market Segments Comprise the Magnetic Resonance Imaging Systems Devices And Equipment Market and Drive Its Revenue Growth?
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
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Which Areas Are Leading Regions in the Magnetic Resonance Imaging Systems Devices And Equipment Market Expansion Across the Globe?
Western Europe was the largest region in the global magnetic resource imaging devices and equipment market in 2023. 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, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Which Cutting-Edge Market Trends Are Expected to Drive the Magnetic Resonance Imaging Systems Devices And Equipment Market’s Growth?
Companies that dominate the market for devices and equipment used in magnetic resonance imaging (MRI) are focussed on the development of mobile MRI scanning devices as a way to increase patient access, minimize transportation to imaging facilities, and deliver efficient diagnostic services at the point of care. A mobile MRI scanner is a portable unit that’s built to deliver imaging services in various non-hospital settings. The scanner operates on a field strength of 1.5T, ensuring it provides high-quality imaging equivalent to traditional fixed systems. Siemens Healthineers AG, a Germany-based company, for example, unveiled MAGNETOM Viato.Mobile, a mobile MRI scanner, in November 2022. The scanner, which has a 70 cm open bore, is designed to cater to a broader spectrum of patients, including ones that may feel uncomfortable in traditional bore MRI systems. Moreover, the MAGNETOM Viato.Mobile incorporates remote scanning and reading facilities, thus improving operational efficiency and allowing for expert consultations from remote locations via platforms such as the syngo Virtual Cockpit and WeScan.
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How Is the Magnetic Resonance Imaging Systems Devices And Equipment Market Conceptually Defined?
Magnetic Resonance Imaging (MRI) systems, devices, and equipment are advanced medical technologies used to create detailed images of the organs and tissues within the body. These systems utilize strong magnetic fields, radio waves, and computer processing to generate high-resolution images, which are critical for diagnosing various medical conditions, including tumors, neurological disorders, and musculoskeletal injuries. MRI systems are classified into different types, each designed to meet specific diagnostic needs and patient comfort levels.
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