No. of Pages: 200 | Report Code: BMIPUB00032174 | Category: Life Sciences
The ASEAN magnetic resonance imaging (MRI) systems market size is expected to reach US$ 454.4 million by 2031 from US$ 299.4 million in 2024. The market is estimated to record a CAGR of 6.1% from 2025 to 2031.
The ASEAN magnetic resonance imaging (MRI) systems market is a dynamic and rapidly growing sector, driven by a combination of economic prosperity, a rising middle class, and a commitment to modernizing healthcare infrastructure. Countries like Singapore, Thailand, and Malaysia are at the forefront, with advanced healthcare systems and a greater capacity to invest in high-field MRI technology. The region's aging population and increasing prevalence of chronic conditions like cancer and neurological disorders are creating a sustained demand for precise diagnostic tools.
While there is a strong inclination toward high-field systems in major urban centers, the market also sees a demand for low-field and refurbished units to improve accessibility in more rural and underserved areas. Key challenges include the high cost of equipment, the need for a larger pool of skilled medical professionals, and varying regulatory frameworks across member nations. However, concerted efforts by governments to enhance public health services, coupled with significant private investment, are poised to accelerate market expansion.
Key segments that contributed to the derivation of the magnetic resonance imaging (MRI) systems market analysis are type, field strength, mobility, application, and end user.
The ASEAN MRI systems market is shaped by dual trends: advanced technology adoption in developed economies like Singapore and Malaysia and increasing entry of mid-field and refurbished scanners in emerging markets such as Vietnam, Indonesia, and the Philippines. A major driver is the region’s medical tourism industry, particularly in Singapore and Thailand, which attracts patients from neighboring countries seeking advanced imaging services. Government-backed investments in universal healthcare and private hospital expansions are further stimulating growth. Additionally, teleradiology and AI-assisted imaging are gaining prominence, improving diagnostic reach across underserved areas.
Based on country, the ASEAN magnetic resonance imaging (MRI) systems market is segmented into Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Singapore held the largest share in 2024.
Singapore is the leader in the ASEAN MRI market. This is because of its advanced healthcare system and strong focus on medical research. The country rapidly adopts new technologies, such as advanced 3T and combined PET/MRI systems. Singapore is also a top destination for medical tourists and patients from neighboring countries, which keeps its MRI machines very busy. The country’s favorable business environment and strong protection of intellectual property also make it an attractive location for medical technology companies to base their operations and introduce new products to the region.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 299.4 Million |
| Market Size by 2031 | US$ 454.4 Million |
| Global CAGR (2025 - 2031) | 6.1% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | ASEAN
|
| Market leaders and key company profiles |
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 are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
Business Market Insights conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:
The ASEAN Magnetic Resonance Imaging (MRI) Systems Market is valued at US$ 299.4 Million in 2024, it is projected to reach US$ 454.4 Million by 2031.
As per our report ASEAN Magnetic Resonance Imaging (MRI) Systems Market, the market size is valued at US$ 299.4 Million in 2024, projecting it to reach US$ 454.4 Million by 2031. This translates to a CAGR of approximately 6.1% during the forecast period.
The ASEAN Magnetic Resonance Imaging (MRI) Systems Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the ASEAN Magnetic Resonance Imaging (MRI) Systems Market report:
The ASEAN Magnetic Resonance Imaging (MRI) Systems Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The ASEAN Magnetic Resonance Imaging (MRI) Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the ASEAN Magnetic Resonance Imaging (MRI) Systems Market value chain can benefit from the information contained in a comprehensive market report.
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