Magnetic Resonance Imaging Systems Devices And Equipment Market Revenue Growth Forecast To Reach $11.67 Billion By 2030 At 3.8% CAGR
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How Large Will The Magnetic Resonance Imaging Systems Devices And Equipment Market Be By 2030 Compared To Its 2026 Market Size?
The magnetic resonance imaging systems devices and equipment market has demonstrated consistent expansion over the past few years. It is anticipated to expand from $9.69 billion in 2025 to $10.04 billion in 2026, achieving a compound annual growth rate (CAGR) of 3.6%. The market’s past growth can be ascribed to several factors, including the increasing occurrence of chronic and neurological disorders, the advancement of diagnostic imaging infrastructure, greater hospital investments in cutting-edge imaging equipment, heightened awareness regarding early disease diagnosis, and the introduction of high-field MRI technologies.
The market for magnetic resonance imaging systems, devices, and equipment is projected to experience consistent expansion over the upcoming years. This market is anticipated to reach a valuation of $11.67 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 3.8%. This projected growth during the forecast timeframe stems from factors such as the increasing integration of ai in diagnostic imaging, a heightened demand for precision diagnostics, the expansion of outpatient imaging centers, a greater emphasis on workflow optimization within radiology, and the rising adoption of value-based healthcare models. Key trends expected during this period involve the increasing adoption of ai-assisted image reconstruction, a growing demand for high-field and ultra-high-field mri systems, an increasing preference for patient-friendly open mri designs, the expansion of advanced mri software and analytics, and a heightened focus on achieving faster and high-resolution imaging.
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Which Important Drivers Are Guiding The Magnetic Resonance Imaging Systems Devices And Equipment Market Growth?
The magnetic resonance imaging systems devices and equipment market is anticipated to expand due to the rising number of elderly individuals. This demographic, comprising individuals aged 65 and above, exhibits a heightened vulnerability to chronic health issues like neurological conditions, musculoskeletal problems, cardiovascular diseases, and various cancers. The growth in the elderly population stems from longer life expectancies coupled with decreasing fertility rates, leading to a greater share of older people within the overall population. Magnetic resonance imaging systems devices and equipment play a crucial role in meeting the distinct healthcare requirements of this older demographic. These devices facilitate early detection, tailored treatment plans, and enhanced overall health outcomes for seniors. For example, the World Economic Forum, a Switzerland-based international organization, reported in September 2025 that Japan had 36.25 million people aged 65 and over in 2024, constituting 29.3% of its total population. This proportion is predicted to rise to 34.8% by 2040 and 36.3% by 2045. Consequently, the expanding elderly demographic is fueling the expansion of the lancing devices and equipment market.
What Are The Key Segment Divisions In The Magnetic Resonance Imaging Systems Devices And Equipment Market Segment Structure?
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 Evolution Of The Magnetic Resonance Imaging Systems Devices And Equipment Market?
Major companies in the MRI systems market are concentrating on technological advancements, such as virtually helium-free MRI platforms, to lessen dependence on scarce cryogens, cut infrastructure costs, and enhance sustainability. These virtually helium-free MRI platforms utilize advanced cooling circuits and energy-saving modes, while integrating automation and AI-driven workflows to deliver high-quality imaging with fewer resources. For instance, in February 2024, Siemens Healthineers, a Germany-based medical technology company, introduced its MAGNETOM Flow, a 1.5 T MRI platform that employs DryCool technology to limit helium usage to just 0.7 liters with a closed helium circuit and no quench pipe. The system incorporates automated workflows and AI-based image reconstruction (Deep Resolve), enabling scan time reductions up to 50% and improved image quality. Magnetom Flow also supports energy-saving modes like Eco Gradient Mode and Eco Power Mode, reducing cooling energy consumption by up to 30–45%. Its compact footprint (24 m², <2 m tall) and the lack of a quench pipe make it simpler and more cost-effective to site in various clinical settings.
Which Organizations Are Engaged In 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 Leads The Magnetic Resonance Imaging Systems Devices And Equipment Market In Terms Of Market Share?
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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