Magnetic Resonance Imaging Systems Market - Strategic Insights and Forecasts (2025-2030)

Magnetic Resonance Imaging Systems Market Size:

The global magnetic resonance imaging systems market will grow at a CAGR of 6.14% to be valued at US$12.767 billion in 2030 from US$9.479 billion in 2025.

Magnetic Resonance Imaging Systems Market Introduction

The Magnetic Resonance Imaging Systems Market is a cornerstone of the diagnostic imaging market, providing non-invasive, high-resolution imaging solutions critical for diagnosing conditions such as neurological disorders, cardiovascular diseases, oncological conditions, and musculoskeletal issues. Medical imaging equipment like MRI systems utilizes magnetic fields and radio waves to produce detailed images of internal body structures, offering radiation-free diagnostics that surpass X-rays or CT scans in soft tissue visualization. The magnetic resonance imaging industry serves hospitals, diagnostic imaging centers, and ambulatory surgical centers, with North America leading due to advanced healthcare infrastructure and Asia-Pacific emerging as a growth hub driven by healthcare investments. MRI systems market trends emphasize technological advancements, such as AI integration, high-field strength systems, and patient-centric designs, enhancing diagnostic accuracy and accessibility.

The Magnetic Resonance Imaging Systems Market encompasses medical imaging equipment designed to visualize anatomical structures and physiological processes using magnetic resonance imaging (MRI) technology. MRI systems are categorized by field strength (low, mid, high), architecture (open vs. closed), and application (neurology, oncology, cardiology). They are essential for early disease detection, treatment planning, and monitoring, particularly for chronic diseases like cancer and Alzheimer’s. The market is driven by global healthcare demands, with the Asia-Pacific region growing rapidly due to healthcare reforms and rising chronic disease prevalence. Innovations like functional MRI (fMRI) and diffusion tensor imaging (DTI) expand applications in brain mapping and cognitive neuroscience, while portable MRI systems enhance accessibility in remote areas.

Open vs. Closed MRI Systems: Differences and Evaluation

Open MRI systems and closed MRI systems differ in design, functionality, and patient experience, each with distinct advantages. Closed MRI systems, the traditional cylindrical design, use high-field magnets (typically 1.5T to 3T) to produce superior image quality with high resolution and minimal artifacts, ideal for neurology, oncology, and cardiology. However, their enclosed structure can cause claustrophobia and discomfort, limiting use for pediatric or anxious patients. Open MRI systems, with a non-restrictive, open-sided design, use lower-field magnets (often 0.2T to 1.0T), reducing claustrophobia and accommodating larger patients or children. They are suited for musculoskeletal imaging but may compromise image clarity due to lower magnetic strength. Recent advancements, like Sir H.N. Reliance Foundation Hospital’s 2024 open MRI installation, enhance patient comfort. Closed MRI systems are generally better for high-precision diagnostics requiring detailed imaging, while open MRI systems excel in patient-friendly settings, with the choice depending on clinical needs and patient demographics.

Magnetic Resonance Imaging Systems Market Overview

Magnetic resonance imaging (MRI) systems are used for medical imaging purposes, which help in the diagnosis and monitoring the treatment of various conditions. The scanners in the MRI system make use of strong magnetic fields and radiofrequency energy to make digital images of the required parts of the body. The market growth is attributed to the rapidly increasing geriatric population and growing incidence of chronic diseases, which require an early diagnosis for proper treatment. Further, the 85 years and older population is expected to increase by more than 8 million by 2040, which will drive the market growth as more patients will require magnetic resonance imaging (MRI) scans to diagnose and monitor the treatment of several health conditions.

In addition, according to the World Health Organization, approximately 1.3 million people die each year as a result of road traffic crashes. Often, road accidents lead to complicated musculoskeletal and spinal injuries, which have resulted in the increasing demand for advanced MRI systems for better and error-free imaging. The magnetic resonance imaging (MRI) systems market is witnessing increased investments due to a competitive landscape focused on early diagnosis of diseases, which can save lives by enabling timely and effective treatments. Both open and closed MRI systems are widely available, meeting the needs of a broad consumer base. Growing patient awareness, coupled with the accuracy and reliability of MRI scans, is expected to boost demand for MRI systems globally during the forecast period. Technological advancements, fueled by significant R&D investments from key players, are enhancing digitalized MRI machines, further driving their adoption across various applications. Some of the major players covered in this report include Siemens Healthineers, GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems Corporation, Hitachi Ltd., Esaote S.p.A., and United Imaging Healthcare Co., Ltd, among others.

Magnetic Resonance Imaging Systems Market Drivers & Restraints

Drivers:

• Rising Demand for Neuroimaging and Acute Stroke Diagnosis: The Magnetic Resonance Imaging Systems Market is significantly driven by the increasing demand for neuroimaging and acute stroke diagnosis, fueled by the global rise in neurological disorders such as Alzheimer’s, Parkinson’s, and stroke. Neuroimaging, particularly fMRI, enables detailed brain mapping, supporting early diagnosis and treatment planning for cerebrovascular conditions. Acute stroke diagnosis benefits from high-field MRI systems, like 3T MRI, which provide high-resolution images to identify ischemic lesions within critical time windows, as validated by the American Heart Association’s stroke guidelines. Siemens Healthineers’ 2025 Magnetom Cima. X enhances neuroimaging precision with advanced gradients, driving market growth by improving diagnostic accuracy and patient outcomes in hospitals and neurology centers. This driver underscores the market’s focus on non-invasive diagnostics for neurological care.
• Growth in Musculoskeletal Imaging Applications: The expansion of musculoskeletal imaging is a key driver for the Magnetic Resonance Imaging Systems Market, as MRI systems offer superior soft tissue visualization for orthopedic conditions like ligament tears, cartilage damage, and arthritis. Musculoskeletal imaging supports non-invasive diagnosis, reducing the need for invasive procedures and enabling precise treatment planning. Open MRI systems, designed for patient comfort, are increasingly adopted for joint imaging, as seen in Sir H.N. Reliance Foundation Hospital’s open MRI installation. AI in MRI enhances image reconstruction, improving diagnostic efficiency for musculoskeletal disorders. The aging population and rising sports injuries drive demand for MRI systems, particularly in North America and Europe, fostering market growth through technological advancements and increased adoption in orthopedic clinics.
• Advancements in Cardiac MRI and Oncology Imaging: Technological advancements in cardiac MRI and oncology imaging significantly drive the Magnetic Resonance Imaging Systems Market, as MRI systems provide radiation-free, high-resolution imaging for cardiovascular diseases and cancer detection. Cardiac MRI assesses heart function, myocardial viability, and congenital defects, while oncology imaging enables early tumor detection and treatment monitoring, critical for breast, prostate, and brain cancers. GE HealthCare’s 2024 investigational MRI system at Brigham and Women’s Hospital enhances cardiac and oncology imaging with compressed sensing MRI for faster scans. The rising prevalence of chronic diseases, as noted by the WHO, fuels demand for diagnostic imaging. These advancements drive market expansion by improving diagnostic accuracy and supporting personalized medicine in hospitals and diagnostic centers.

Restraints:

• High Costs of MRI Systems: High acquisition and maintenance costs pose a significant restraint for the Magnetic Resonance Imaging Systems Market, limiting accessibility in low-resource regions. MRI systems, such as 3T or 7T MRI, require expensive components like superconducting magnets and helium cooling systems, increasing installation costs. Helium-free MRI innovations, while promising, remain costly to develop, as seen in GE HealthCare’s advancements. Maintenance and upgrades, including software updates for AI in MRI, further elevate expenses, hindering adoption in developing countries. This restraint slows market penetration, necessitating cost-effective solutions like portable MRI to enhance affordability and global access for neuroimaging and musculoskeletal imaging.
• Regulatory Complexities: Regulatory complexities significantly restrain the Magnetic Resonance Imaging Systems Market, as MRI systems require rigorous clinical validation to meet safety and efficacy standards set by agencies like the FDA and EMA. Approvals for ultra-high-field MRI, such as the French CEA’s world’s most powerful scanner, involve extensive testing, delaying market entry. Regional variations in regulatory frameworks, such as India’s CDSCO requirements for Fischer Medical Ventures’ domestic MRI production, complicate global commercialization. These restraints increase development costs and time-to-market, particularly for cardiac MRI and oncology imaging innovations, requiring streamlined regulatory pathways to support market growth and patient access.

Magnetic Resonance Imaging Systems Market Segmentation Analysis

By Architecture:

• There is an increasing demand for Closed MRI Systems: Closed MRI Systems dominate the architecture segment of the Magnetic Resonance Imaging Systems Market due to their superior image quality and high-resolution capabilities, driven by strong magnetic fields (typically 1.5T to 3T). These cylindrical scanners excel in diagnostic precision for brain and neurological imaging, cardiac imaging, and oncology imaging, making them the preferred choice in hospitals and diagnostic centers. Siemens Healthineers’ Magnetom Cima.X, a 3T closed MRI, enhances gradient performance for detailed soft tissue visualization, improving diagnostic accuracy. Closed MRI Systems leverage AI in MRI and compressed sensing MRI to reduce scan times while maintaining clarity, as seen in GE HealthCare’s investigational MRI. Despite claustrophobia concerns, their dominance drives market growth by supporting complex diagnostics and clinical research.

By Field Strength:

• Low-to-Mid Field MRI Systems (1.5T-3T) are expected to gain traction: Low-to-Mid Field MRI Systems (1.5T-3T) lead the field strength segment of the Magnetic Resonance Imaging Systems Market, offering a balance of image quality, cost-effectiveness, and clinical versatility. These systems are widely adopted for brain and neurological imaging, spine and musculoskeletal imaging, and cardiac imaging, providing high-resolution images with fewer artifacts than low-field systems. Siemens Healthineers’ Magnetom Cima. X, a 3T MRI, optimizes gradient strength for neuroimaging and oncology imaging, enhancing diagnostic efficiency. Low-to-Mid Field MRI Systems support fMRI and diffusion tensor imaging (DTI), critical for stroke diagnosis and brain mapping. Their accessibility in hospitals and diagnostic centers, coupled with favorable reimbursement policies, drives market expansion, particularly in North America and Europe.

By Application:

• Brain and Neurological Imaging is rising in prevalence: Brain and Neurological Imaging dominates the application segment of the Magnetic Resonance Imaging Systems Market, driven by the rising prevalence of neurological disorders like Alzheimer’s, Parkinson’s, and acute ischemic stroke. MRI systems provide non-invasive, high-resolution visualization of brain structures, supporting early diagnosis and treatment planning. The French CEA’s world’s most powerful MRI scanner, capturing brain images in under 4 minutes, advances neuroscience research and stroke diagnosis. fMRI and AI-powered imaging enhance brain mapping, improving diagnostic accuracy for cognitive disorders. The global burden of neurological conditions, as noted by the WHO, fuels demand for closed MRI systems and 3T MRI systems, positioning Brain and Neurological Imaging as the primary application for market growth.

Magnetic Resonance Imaging Systems Market Key Developments

• In August 2025, Imris Imaging, a developer of intraoperative MRI platforms, received FDA clearance for an upgrade to its InVision 3T Recharge Operating Suite. This system, specifically designed for neurosurgical procedures, incorporates technology from Siemens Healthineers' Magnetom Skyra Fit system. The upgrade includes new artificial intelligence (AI)-enabled protocols and automated image reconstruction capabilities, which help to streamline workflows and reduce scan times for neurosurgeons.
• In February 2025, at the European Congress of Radiology (ECR), GE HealthCare introduced its Freelium sealed MRI magnet platform. This technology is designed to operate with less than 1% of the liquid helium used in conventional MRI systems, without additional cooling or power requirements. This innovation addresses the increasing need for sustainable and cost-effective MRI technology. The Freelium platform also includes 20 sensors for remote monitoring, enabling automated magnet protection and recovery without a field engineer's intervention.
• In May 2024, in a significant development for the Indian market, Fischer Medical Ventures (FMVL) became the first company in India to manufacture indigenous MRI systems. This move is aimed at reducing the country's reliance on imported medical devices and improving healthcare accessibility. This development supports India's growing focus on domestic production and technological self-sufficiency in the medical device sector.
• In February 2024, neuro42, Inc. received U.S. FDA 510(k) clearance for its portable diagnostic MRI scanner for neuroimaging applications. This clearance marks a significant step toward making MRI technology more accessible and versatile. The portable design allows for imaging at the point of care, which could be particularly beneficial for emergency departments and other clinical settings where a traditional, fixed MRI machine may not be readily available.

Magnetic Resonance Imaging Systems Market Scope:

Magnetic Resonance Imaging Systems Market Segmentation:

• By Architecture
  • Closed MRI Systems
  • Open MRI Systems
• By Field Strength
  • Low-to-Mid Field MRI Systems (1.5T-3T)
  • High and Very-High Field MRI Systems (>3T)
  • Ultra-High Field MRI Systems (>7T)
• By Application
  • Brain and Neurological Imaging
  • Spine and Musculoskeletal Imaging
  • Cardiac Imaging
  • Pelvic and Abdominal Imaging
  • Breast Imaging
  • Vascular Imaging
• By End User
  • Hospitals
  • Diagnostic Imaging Centers
  • Research Institutes
• By Regions
  • North America (USA, Canada, and Mexico)
  • South America (Brazil, Argentina, and Others)
  • Europe (Germany, UK, France, Spain, and Others)
  • Middle East and Africa (Saudi Arabia, UAE, and Others)
  • Asia Pacific (China, Japan, India, South Korea, Thailand, Indonesia, and Others)