Global MRI Equipment Market Growth 2025-2031
Description
The global MRI Equipment market size is predicted to grow from US$ 8948 million in 2025 to US$ 11830 million in 2031; it is expected to grow at a CAGR of 4.8% from 2025 to 2031.
MRI (Magnetic Resonance Imaging) equipment is a non-invasive medical imaging device that uses strong magnetic fields and radio waves to generate detailed images of the internal structures of the human body. It is widely used in diagnosing neurological disorders, musculoskeletal conditions, cardiovascular diseases, and cancers. Unlike X-rays and CT scans, MRI does not use ionizing radiation, making it a safer imaging option for long-term monitoring and sensitive patient groups, such as pregnant women and children.
With advancements in technology, modern MRI equipment now features higher field strengths, faster scanning times, and improved image resolution. Innovations such as AI-assisted image processing, open-bore designs for claustrophobic patients, and portable MRI devices are expanding the accessibility and effectiveness of MRI in clinical settings.
Market Drivers:
The growth of the MRI equipment market is driven by the increasing prevalence of chronic diseases such as neurological disorders, cardiovascular diseases, and cancer, which require advanced imaging for accurate diagnosis and treatment planning. Additionally, technological advancements, including higher field strength MRI, artificial intelligence-assisted imaging, and portable MRI systems, are enhancing diagnostic accuracy and expanding the applications of MRI in clinical settings. Furthermore, the rising demand for non-invasive and radiation-free imaging modalities, coupled with government initiatives to improve healthcare infrastructure, is fueling market expansion.
Market Challenges:
Despite its growth potential, the MRI equipment market faces several challenges, including the high cost of MRI machines and installation, which limits adoption in low- and middle-income countries. The long scanning times and patient discomfort, particularly for those with claustrophobia, remain concerns. Moreover, MRI systems require specialized infrastructure and skilled professionals for operation and maintenance, leading to operational constraints. Reimbursement limitations and budget constraints in healthcare facilities further hinder widespread adoption, particularly in regions with limited healthcare funding.
The global key companies of MR Neuro Imaging include Siemens, Philips, GE, Canon Medical, FUJIFILM, United Imaging, Neusoft, XGY, Anke, Alltech, etc. In 2024, the global five largest players hold a share approximately 75.37 % in terms of revenue.
LP Information, Inc. (LPI) ' newest research report, the “MRI Equipment Industry Forecast” looks at past sales and reviews total world MRI Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected MRI Equipment sales for 2025 through 2031. With MRI Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world MRI Equipment industry.
This Insight Report provides a comprehensive analysis of the global MRI Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on MRI Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global MRI Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for MRI Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global MRI Equipment.
This report presents a comprehensive overview, market shares, and growth opportunities of MRI Equipment market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Superconducting Type MRI Equipment
Permanent-magnet Type MRI Equipment
Segmentation by Application:
Hospitals
Imaging Centers
Academic Research
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Siemens
Philips
GE
Canon Medical
FUJIFILM
United Imaging
Neusoft
XGY
Anke
Alltech
Wandong
BASDA
ESAOTE
Key Questions Addressed in this Report
What is the 10-year outlook for the global MRI Equipment market?
What factors are driving MRI Equipment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do MRI Equipment market opportunities vary by end market size?
How does MRI Equipment break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
MRI (Magnetic Resonance Imaging) equipment is a non-invasive medical imaging device that uses strong magnetic fields and radio waves to generate detailed images of the internal structures of the human body. It is widely used in diagnosing neurological disorders, musculoskeletal conditions, cardiovascular diseases, and cancers. Unlike X-rays and CT scans, MRI does not use ionizing radiation, making it a safer imaging option for long-term monitoring and sensitive patient groups, such as pregnant women and children.
With advancements in technology, modern MRI equipment now features higher field strengths, faster scanning times, and improved image resolution. Innovations such as AI-assisted image processing, open-bore designs for claustrophobic patients, and portable MRI devices are expanding the accessibility and effectiveness of MRI in clinical settings.
Market Drivers:
The growth of the MRI equipment market is driven by the increasing prevalence of chronic diseases such as neurological disorders, cardiovascular diseases, and cancer, which require advanced imaging for accurate diagnosis and treatment planning. Additionally, technological advancements, including higher field strength MRI, artificial intelligence-assisted imaging, and portable MRI systems, are enhancing diagnostic accuracy and expanding the applications of MRI in clinical settings. Furthermore, the rising demand for non-invasive and radiation-free imaging modalities, coupled with government initiatives to improve healthcare infrastructure, is fueling market expansion.
Market Challenges:
Despite its growth potential, the MRI equipment market faces several challenges, including the high cost of MRI machines and installation, which limits adoption in low- and middle-income countries. The long scanning times and patient discomfort, particularly for those with claustrophobia, remain concerns. Moreover, MRI systems require specialized infrastructure and skilled professionals for operation and maintenance, leading to operational constraints. Reimbursement limitations and budget constraints in healthcare facilities further hinder widespread adoption, particularly in regions with limited healthcare funding.
The global key companies of MR Neuro Imaging include Siemens, Philips, GE, Canon Medical, FUJIFILM, United Imaging, Neusoft, XGY, Anke, Alltech, etc. In 2024, the global five largest players hold a share approximately 75.37 % in terms of revenue.
LP Information, Inc. (LPI) ' newest research report, the “MRI Equipment Industry Forecast” looks at past sales and reviews total world MRI Equipment sales in 2024, providing a comprehensive analysis by region and market sector of projected MRI Equipment sales for 2025 through 2031. With MRI Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world MRI Equipment industry.
This Insight Report provides a comprehensive analysis of the global MRI Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on MRI Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global MRI Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for MRI Equipment and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global MRI Equipment.
This report presents a comprehensive overview, market shares, and growth opportunities of MRI Equipment market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Superconducting Type MRI Equipment
Permanent-magnet Type MRI Equipment
Segmentation by Application:
Hospitals
Imaging Centers
Academic Research
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Siemens
Philips
GE
Canon Medical
FUJIFILM
United Imaging
Neusoft
XGY
Anke
Alltech
Wandong
BASDA
ESAOTE
Key Questions Addressed in this Report
What is the 10-year outlook for the global MRI Equipment market?
What factors are driving MRI Equipment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do MRI Equipment market opportunities vary by end market size?
How does MRI Equipment break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
113 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for MRI Equipment by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for MRI Equipment by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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