No. of Pages: 200 | Report Code: BMIPUB00032171 | Category: Life Sciences
The Asia Pacific magnetic resonance imaging (MRI) systems market size is expected to reach US$ 4,365.06 million by 2031 from US$ 2,555.33 million in 2024. The market is estimated to record a CAGR of 8.1% from 2025 to 2031.
The Asia Pacific magnetic resonance imaging (MRI) systems market is a significant and rapidly expanding segment of the global healthcare industry, distinguished by its immense and diverse patient population and rapid economic development. Major markets like China, Japan, India and Australia are driving growth through a combination of advanced healthcare infrastructure and a strong focus on medical technology. There is an increasing demand for both high-field systems for advanced diagnostics in specialized hospitals and more affordable low-field and refurbished units to cater to emerging economies and rural areas.
A key trend in the region is the growing prevalence of chronic diseases and an aging population, which is fueling the need for high-quality, non-invasive diagnostic tools. This is further supported by government initiatives to improve public health and a growing awareness among patients. However, the market faces challenges, including the high initial cost of equipment, the need for a larger skilled workforce to operate and interpret the scans, and varying regulatory standards across different countries. Nevertheless, the integration of artificial intelligence and machine learning into MRI technology is enhancing diagnostic accuracy and efficiency, presenting a major opportunity for market growth and improved healthcare outcomes.
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.
Asia Pacific represents one of the most dynamic and fastest-growing markets for MRI systems, fueled by rapid economic development, increasing healthcare investment, and the rising prevalence of chronic, neurological, and cancer-related disorders. Countries such as China, Japan, and India are at the forefront, supported by expanding hospital networks and government initiatives to improve access to advanced diagnostic imaging. Japan has been a leader in adopting high-field MRI, while China and India are experiencing a surge in installations as part of healthcare modernization efforts.
A significant advancement in the region is the adoption of MRI-guided radiation therapy, particularly in oncology. This technology allows precise targeting of tumors while sparing healthy tissues, making it a transformative tool in cancer treatment. For instance, in September 2022, ViewRay, Inc, announced that the company's MRIdian MRI-Guided Radiation Therapy System has received approval from the Chinese regulatory authority National Medical Products Administration (NMPA), allowing for its sale and utilization throughout China. This approval expands MRIdian's global reach and offers cancer patients a new radiation therapy option.
Moreover, collaborations between international imaging companies and local healthcare providers are expanding MRI access across urban and semi-urban regions. While high system costs and limited availability in rural areas remain challenges, rising patient awareness, supportive government policies, and continuous technology upgrades are expected to sustain strong market growth in the years ahead.
Based on country, the Asia Pacific magnetic resonance imaging (MRI) systems market is segmented into China, Japan, South Korea, India, Australia, New Zealand, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam, Taiwan, Bangladesh, and the Rest of Asia. China held the largest share in 2024.
China dominates the regional MRI market, supported by large-scale government initiatives, indigenous manufacturing capacity, and rapid deployment of systems across both urban and secondary care hospitals. Japan remains a pioneer in high-field and specialty MRI, underpinned by favorable reimbursement policies, robust R&D, and strong adoption of advanced imaging protocols. India is witnessing accelerating demand through private diagnostic chains, medical tourism, and affordability initiatives that are expanding access to mid-field MRI systems in tier II and tier III cities.
South Korea stands out for its innovation-led market, where early adoption of 3T scanners, AI integration, and exports of locally developed technologies reinforce its role as a regional leader. Australia prioritizes premium imaging services within a structured healthcare framework, ensuring high-quality diagnostic care through well-distributed hospital networks. Meanwhile, Singapore and Malaysia have positioned themselves as regional hubs for medical tourism and training, while countries such as Thailand, Indonesia, and Vietnam are increasingly benefitting from healthcare reforms, foreign investment, and expanding private hospital infrastructure, creating a broad base for future market growth.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 2,555.33 Million |
| Market Size by 2031 | US$ 4,365.06 Million |
| Global CAGR (2025 - 2031) | 8.1% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia Pacific
|
| 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 Asia Pacific Magnetic Resonance Imaging (MRI) Systems Market is valued at US$ 2,555.33 Million in 2024, it is projected to reach US$ 4,365.06 Million by 2031.
As per our report Asia Pacific Magnetic Resonance Imaging (MRI) Systems Market, the market size is valued at US$ 2,555.33 Million in 2024, projecting it to reach US$ 4,365.06 Million by 2031. This translates to a CAGR of approximately 8.1% during the forecast period.
The Asia Pacific 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 Asia Pacific Magnetic Resonance Imaging (MRI) Systems Market report:
The Asia Pacific 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 Asia Pacific Magnetic Resonance Imaging (MRI) Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Magnetic Resonance Imaging (MRI) Systems Market value chain can benefit from the information contained in a comprehensive market report.
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