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Global & Singapore Magnetic Resonance Imaging (MRI) Systems Market to 2031

Publisher Business Market Insights
Published Sep 08, 2025
Length 105 Pages
SKU # BMKS20379456

Description

The MRI system market in Singapore is experiencing significant growth, establishing the country as a central hub for medical technology in the Asia Pacific region. This expansion is fueled by a top-tier healthcare system, a commitment to innovation, and substantial government funding. Singapore's robust economy facilitates major investments in advanced medical equipment and digital health solutions, positioning it as a leader in diagnostic capabilities.

For example, the Ministry of Health (MOH) announced in March 2025 a considerable budget allocation of US$ 15.0 billion for healthcare, making it the second-largest expenditure in the government's budget. This significant funding is aimed at developing new healthcare facilities and upgrading outdated equipment, which ensures a steady demand for state-of-the-art MRI systems.

Additionally, the government is leveraging cutting-edge technologies, such as artificial intelligence (AI), to enhance healthcare services. In October 2024, the MOH revealed a US$ 155 million investment over five years to integrate AI into public healthcare, with the goal of utilizing AI in imaging to expedite disease detection, such as breast cancer, and streamline workflows. This initiative for advanced technology is mirrored in the private sector as well. For instance, a new diagnostic imaging center was inaugurated in February 2025, featuring a sophisticated 3.0 Tesla MRI scanner designed to deliver quicker scans and higher-quality images.

The combination of strong public and private sector investments in both infrastructure and innovative technologies positions Singapore for ongoing growth in the MRI market.

Table of Contents

105 Pages
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Data Triangulation and Validation:
4. Singapore Magnetic Resonance Imaging (MRI) Systems Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in the Value Chain
5. Magnetic Resonance Imaging (MRI) Systems Market Key Market Dynamics
5.1 Magnetic Resonance Imaging (MRI) Systems Market – Key Market Dynamics
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Future Trends
5.6 Impact of Drivers and Restraints
6. Singapore Magnetic Resonance Imaging (MRI) Systems Market – Analysis
6.1 Singapore Magnetic Resonance Imaging (MRI) Systems Market Revenue (US$ Million), 2021–2031
6.2 Singapore Magnetic Resonance Imaging (MRI) Systems Market Revenue and Forecast Analysis
7. Singapore Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Type
7.1 Singapore Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Type
8. Singapore Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Field Strength
8.1 Singapore Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Field Strength
9. Singapore Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Mobility
9.1 Singapore Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Mobility
10. Singapore Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Application
10.1 Singapore Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Application
11. Singapore Magnetic Resonance Imaging (MRI) Systems Market Analysis – by End User
11.1 Singapore Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021–2031 (US$ Million) – by End User
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.1 Company Positioning and Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.2 Partnerships and Collaborations
13.2 Other Developments
14. Company Profiles
14.1 GE HealthCare Technologies Inc
14.1. 1 Key Facts
14.1. 2 Business Description
14.1. 3 Products and Services
14.1. 4 Financial Overview
14.1. 5 SWOT Analysis
14.1. 6 Key Developments
14.2 Siemens Healthineers AG
14.2. 1 Key Facts
14.2. 2 Business Description
14.2. 3 Products and Services
14.2. 4 Financial Overview
14.2. 5 SWOT Analysis
14.2. 6 Key Developments
14.3 FUJIFILM Holdings Corp
14.3. 1 Key Facts
14.3. 2 Business Description
14.3. 3 Products and Services
14.3. 4 Financial Overview
14.3. 5 SWOT Analysis
14.3. 6 Key Developments
14.4 Canon Inc
14.4. 1 Key Facts
14.4. 2 Business Description
14.4. 3 Products and Services
14.4. 4 Financial Overview
14.4. 5 SWOT Analysis
14.4. 6 Key Developments
14.5 Koninklijke Philips NV
14.5. 1 Key Facts
14.5. 2 Business Description
14.5. 3 Products and Services
14.5. 4 Financial Overview
14.5. 5 SWOT Analysis
14.5. 6 Key Developments
14.6 Hyperfine Inc
14.6. 1 Key Facts
14.6. 2 Business Description
14.6. 3 Products and Services
14.6. 4 Financial Overview
14.6. 5 SWOT Analysis
14.6. 6 Key Developments
14.7 ESAOTE SPA
14.7. 1 Key Facts
14.7. 2 Business Description
14.7. 3 Products and Services
14.7. 4 Financial Overview
14.7. 5 SWOT Analysis
14.7. 6 Key Developments
14.8 Shanghai United Imaging Healthcare Co., LTD
14.8. 1 Key Facts
14.8. 2 Business Description
14.8. 3 Products and Services
14.8. 4 Financial Overview
14.8. 5 SWOT Analysis
14.8. 6 Key Developments
14.9 Fonar Corp
14.9. 1 Key Facts
14.9. 2 Business Description
14.9. 3 Products and Services
14.9. 4 Financial Overview
14.9. 5 SWOT Analysis
14.9. 6 Key Developments
14.10 Neusoft Medical Systems
14.10. 1 Key Facts
14.10. 2 Business Description
14.10. 3 Products and Services
14.10. 4 Financial Overview
14.10. 5 SWOT Analysis
14.10. 6 Key Developments
15. Appendix
15.1 About Business Market Insights
15.2 List of Abbreviations

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