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Nordic Magnetic Resonance Imaging (MRI) Systems Market Outlook (2021-2031)

Published Sep 25, 2025
Length 157 Pages
SKU # BMKS20431821

Description

The Nordic magnetic resonance imaging (MRI) systems market is projected to grow significantly, reaching an estimated US$ 341.6 million by 2031, up from US$ 219.5 million in 2024. This growth represents a compound annual growth rate (CAGR) of 6.5% from 2025 to 2031.

Executive Summary and Market Analysis

The MRI market in the Nordic region is characterized by its maturity and advanced technology, largely supported by high healthcare spending and well-established universal healthcare systems. Countries such as Sweden, Denmark, and Norway place a strong emphasis on diagnostic imaging, particularly for early disease detection, which is increasingly important given the aging population and the rising incidence of chronic diseases, including neurological and cardiovascular conditions.

The market's expansion is driven by the integration of innovative technologies, such as high-field MRI systems and artificial intelligence (AI)-enhanced software, which contribute to reduced scan durations and improved image quality. Despite the advantages of a robust healthcare infrastructure, the market faces challenges, including the high costs associated with MRI equipment and the necessity for ongoing investment in research and development to sustain technological advancements and address workforce shortages.

Market Segmentation Analysis

The analysis of the Nordic MRI systems market reveals several key segments that contribute to its overall dynamics, including type, field strength, mobility, application, and end user.

1. Type: The market is divided into closed MRI systems and open MRI systems. In 2024, closed MRI systems held the largest market share.
2. Field Strength: MRI systems are categorized into low-field, mid-field, and high & ultra-high field systems. The mid-field segment was the leading category in 2024.
3. Mobility: The market is segmented into fixed and portable MRI systems, with fixed systems dominating in 2024.
4. Application: The applications of MRI systems include neurology, oncology, cardiology, orthopedics, gastroenterology, gynecology, and others. The neurology segment was the largest in 2024.
5. End User: The end users of MRI systems include hospitals, specialty clinics, diagnostic imaging centers, academic and research institutions, among others. Hospitals represented the largest share of the market in 2024.

Market Outlook

The Nordic MRI market is characterized by consistent replacement demand, as hospitals are increasingly upgrading older MRI units to high-field and digital platforms that provide enhanced image quality, quicker scan times, and improved patient comfort. A significant factor driving this market is the region's leadership in digital health, where MRI technology is integrated with electronic health records, AI-driven diagnostic tools, and national teleradiology networks, ensuring equitable access to imaging services even in remote areas.

Sustainability is also a key focus, with healthcare systems actively pursuing energy-efficient and low-helium MRI systems to align with environmental goals. The presence of strong reimbursement models and public funding contributes to market stability, while partnerships with global original equipment manufacturers (OEMs) facilitate early access to innovative technologies.

Country Insights

The Nordic MRI systems market can be further analyzed by country, focusing on Sweden, Norway, Denmark, and Finland. Sweden emerged as the leading market in 2024.

In Sweden, the MRI system market is both highly developed and technologically sophisticated. The universal healthcare model and significant public investment in medical equipment are major drivers of this market. The increasing prevalence of lifestyle-related diseases necessitates high-quality diagnostic imaging, further propelling market growth. Sweden's culture of innovation is evident in the rising demand for portable and high-field MRI systems, catering to various clinical requirements, from mobile units for rural healthcare to advanced systems for research purposes. Additionally, Sweden's commitment to healthcare digitalization and value-based care is influencing market trends, with a focus on acquiring systems that ensure long-term efficiency and improved patient outcomes.

Company Profiles

Key players in the Nordic MRI systems market include GE HealthCare, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Canon Inc., Koninklijke Philips N.V., HYPERFINE, INC., Esaote SPA, Shanghai United Imaging Healthcare Co., LTD, FONAR Corp., and Neusoft Medical Systems. These companies employ strategies such as market expansion, product innovation, and mergers and acquisitions to maintain competitiveness and deliver cutting-edge products to their customers.

Table of Contents

157 Pages
1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Data Triangulation and Validation
4. Nordic Magnetic Resonance Imaging (MRI) Systems Market Landscape
4.1 Overview
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Nordic Magnetic Resonance Imaging (MRI) Systems Market – Key Market Dynamics
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
5.5 Impact of Drivers and Restraints
6. Nordic Magnetic Resonance Imaging (MRI) Systems Market Regional Analysis
6.2 Nordic Magnetic Resonance Imaging (MRI) Systems Market Revenue 2021-2031 (US$ Million)
6.3 Nordic Magnetic Resonance Imaging (MRI) Systems Market Forecast Analysis
7. Nordic Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Type
7.1 Closed MRI Systems
7.1.1 Overview
7.1.2 Closed MRI Systems: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Open MRI Systems
7.2.1 Overview
7.2.2 Open MRI Systems: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
8. Nordic Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Field Strength
8.1 Low-field MRI Systems
8.1.1 Overview
8.1.2 Low-field MRI Systems: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Mid field MRI Systems
8.2.1 Overview
8.2.2 Mid field MRI Systems: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
8.3 High and Ultra High field MRI Systems
8.3.1 Overview
8.3.2 High and Ultra High field MRI Systems: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
9. Nordic Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Mobility
9.1 Fixed
9.1.1 Overview
9.1.2 Fixed: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Portable
9.2.1 Overview
9.2.2 Portable: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
10. Nordic Magnetic Resonance Imaging (MRI) Systems Market Analysis – by Application
10.1 Neurology
10.1.1 Overview
10.1.2 Neurology: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
10.2 Oncology
10.2.1 Overview
10.2.2 Oncology: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
10.3 Cardiology
10.3.1 Overview
10.3.2 Cardiology: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
10.4 Orthopedics
10.4.1 Overview
10.4.2 Orthopedics: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
10.5 Gastroenterology
10.5.1 Overview
10.5.2 Gastroenterology: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
10.6 Gynecology
10.6.1 Overview
10.6.2 Gynecology: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
10.7 Others
10.7.1 Overview
10.7.2 Others: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast, 2021-2031 (US$ Million)
11. Nordic Magnetic Resonance Imaging (MRI) Systems Market – Nordic Analysis
11.1 Overview
11.2 Nordic
11.2.1 Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Key Country, 2025 and 2031 (%)
11.2.1.1 Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast Analysis – by Country
11.2.1.1 Sweden: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast to 2031 (US$ Million)
11.2.1.1.1 Sweden: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Type
11.2.1.1.2 Sweden: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Field Strength
11.2.1.1.3 Sweden: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Mobility
11.2.1.1.4 Sweden: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Application
11.2.1.2 Denmark: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast to 2031 (US$ Million)
11.2.1.2.1 Denmark: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Type
11.2.1.2.2 Denmark: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Field Strength
11.2.1.2.3 Denmark: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Mobility
11.2.1.2.4 Denmark: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Application
11.2.1.3 Norway: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast to 2031 (US$ Million)
11.2.1.3.1 Norway: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Type
11.2.1.3.2 Norway: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Field Strength
11.2.1.3.3 Norway: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Mobility
11.2.1.3.4 Norway: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Application
11.2.1.4 Finland: Nordic Magnetic Resonance Imaging (MRI) Systems Market – Revenue and Forecast to 2031 (US$ Million)
11.2.1.4.1 Finland: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Type
11.2.1.4.2 Finland: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Field Strength
11.2.1.4.3 Finland: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Mobility
11.2.1.4.4 Finland: Nordic Magnetic Resonance Imaging (MRI) Systems Market Breakdown, by Application
12. Competitive Landscape
12.1 Heat Map Analysis
12.2 Company Positioning and Concentration
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 Partnerships and Collaborations
13.4 Other Developments
14. Company Profiles
14.1 GE HealthCare
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 Corporation
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 N.V.
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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