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Magnetic Resonance Imaging (MRI) Systems Market Size & Forecast

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Historic: 2021-2023 Base Year: 2024 Forecast: 2025–2031
US$ 14.16 Billion
Market Size 2024 · Base Year
US$ 20.33 Billion
Projected Market Size by 2031
5.30%
CAGR · 2025–2031
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BMIPUB00031636 56+ Countries Covered 8 Major Companies Profiled PEST & SWOT Analysis Competitive Heat Map
At a Glance

Report Coverage

56 +
Countries
56+ countries across North America, Europe, Asia-Pacific, South and Central America, Middle East and Africa
11
Year Assessment
Comprehensive Market Analysis Covering 3 Years of Historical Data (2021–2023), Base Year (2024), and 7-Year Forecast (2025–2031)
8 +
Major Players
Major companies profiled including GE HealthCare, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Canon Inc., Koninklijke Philips N.V.
200
Report Pages
Pages of deep-dive analysis with PEST, SWOT, competitive heat maps and datasets
What's Fueling Growth

Market Drivers

  • Rising Prevalence of Chronic Diseases

  • Technological Advancements in MRI Systems

Where Growth Opportunities Exist

Key Opportunities

  • Customization and Specialty MRI Systems

  • Partnerships with AI and Software Companies

What Could Slow It Down

Market Restraints

  • High equipment cos

  • Long scan time

  • Limited access

Market Segmentation

Coverage by Segment

Type

Closed MRI Systems
Open MRI Systems

Field Strength

Low-field MRI Systems
Mid field MRI Systems
High and Ultra High field MRI Systems

Mobility

Fixed
Portable

Application

Neurology
Oncology
Cardiology
Geographic Breakdown

Regional Intelligence

NA North America
EU Europe
APAC Asia-Pacific
SCA South & Central America
MEA Middle East & Africa
Competitive Landscape

Major Market Players

Listed for reference — companies are not ranked in any particular order.

GE HealthCare
Siemens Healthineers AG
FUJIFILM Holdings Corporation
Canon Inc.
Koninklijke Philips N.V.
HYPERFINE, INC.
Esaote SPA
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
What's Inside

Report Scope & Deliverables

Market Size 2024 US$ 14.16 Billion
Market Size 2031 US$ 20.33 Billion
CAGR 2025–2031 5.30%
Segments By Type (Closed MRI Systems, Open MRI Systems)  |  By Field Strength (Low-field MRI Systems, Mid field MRI Systems, High and Ultra High field MRI Systems)  |  By Mobility (Fixed, Portable)
Geographies North America (US, Canada, Mexico)  ·  Europe (Germany, Italy, France, U.K., Spain, Belgium, Netherlands, Luxembourg, Norway, Finland, Denmark, Sweden, Switzerland, Austria, Greece, Portugal, Russia, Poland, Romania, Czech Republic, Ukraine, Slovakia, Bulgaria)  ·  Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Taiwan, Bangladesh)  ·  South and Central America (Brazil, Argentina, Chile, Colombia, Peru)  ·  Middle East and Africa (Saudi Arabia, United Arab Emirates, Kuwait, Bahrain, Qatar, Oman, Turkiye, South Africa, Egypt, Nigeria, Algeria)
Deliverables Historical analysis with CAGR · PEST & SWOT analysis · Market Size at Global, Regional, and Country Levels · Competitive heat map · Company profiles · Excel dataset
Report Code BMIPUB00031636
Lead Analyst Krishna Sunthwal — Analyst, Research · View Profile
With Full Report Access

Gain actionable insights with 200 pages of in-depth Magnetic Resonance Imaging (MRI) Systems Market, including historical trends, 7-year market forecasts, SWOT analysis, competitive landscapes, and downloadable Excel datasets in a single comprehensive package.

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