No. of Pages: 200 | Report Code: BMIPUB00032168 | Category: Life Sciences
The North America magnetic resonance imaging (MRI) systems market size is expected to reach US$ 8,142.77 million by 2031 from US$ 6,002.73 million in 2024. The market is estimated to record a CAGR of 4.5% from 2025 to 2031.
North America represents a highly mature and dominant market for MRI systems, driven by its sophisticated healthcare infrastructure and significant public and private healthcare expenditure. The region has a high density of hospitals, diagnostic centers, and research institutions, all of which contribute to a strong demand for advanced imaging modalities. The market is also supported by a high prevalence of chronic and lifestyle-related diseases, such as neurological disorders, cardiovascular conditions, and cancer, which necessitate precise and early diagnostic tools. The rapid adoption of new technologies and a well-established reimbursement framework further solidifies the region's leading position in the global market.
The market is also shaped by a strong emphasis on patient comfort and accessibility. The increasing demand for open MRI systems and wide-bore machines is a notable trend, particularly to accommodate claustrophobic and bariatric patients. This focus on patient-centric care is a key differentiator for the North American market, driving innovation not just in image quality but also in system design. The presence of major global manufacturers and a competitive landscape also ensures a continuous stream of new and innovative products.
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.
North America dominates the global MRI systems market, supported by its strong healthcare infrastructure, high healthcare spending, and wide adoption of advanced imaging technologies. The region has a large patient pool with chronic and neurological diseases, including rising cases of Alzheimer’s disease and other neurodegenerative disorders, which significantly boost the need for MRI in early and accurate diagnosis. For instance, according to the Alzheimer's Disease Facts and Figures, an annual report released by the Alzheimer's Association, an estimated 7.2 million Americans aged 65 and older are living with Alzheimer's in 2025. This number is projected to rise to nearly 13 million by 2050 without significant medical breakthroughs.
Additionally, the increasing prevalence of brain cancer is driving higher demand for advanced imaging solutions to support treatment planning and monitoring. For instance, according to the GLOBOCAN 2022 report, approximately 28,126 new cases of brain and central nervous system cancer were diagnosed in North America in 2022. Whereas there were around 21,314 deaths from brain cancer in North America in 2022.
Moreover, the presence of leading manufacturers, continuous product launches, and faster regulatory clearances further strengthen the market. For instance, frequent FDA approvals of new MRI technologies help providers adopt more efficient and patient-friendly systems. For instance, on June 26, 2025, Siemens Healthineers AG, a global medical technology company, announced that it has received Food and Drug Administration clearance for the Magnetom Flow.Ace, its first 1.5 tesla platform for magnetic resonance (MR) imaging with a closed helium circuit and no quench pipe, significantly reducing reliance on helium.
Rising innovation, such as portable and helium-free MRI systems, is also shaping the regional landscape, expanding accessibility across urban and rural settings. Although high costs remain a challenge, insurance coverage and well-developed reimbursement structures make MRI more accessible. Altogether, North America is expected to maintain its leading position throughout the forecast period.
Based on country, the North America magnetic resonance imaging (MRI) systems market is segmented into the United States, Canada, and Mexico. The United States held the largest share in 2024.
The United States is the dominant player in the global Magnetic Resonance Imaging (MRI) systems market, driven by high healthcare expenditure, advanced medical infrastructure, and a growing focus on early diagnosis and precision medicine. The country benefits from the presence of leading MRI system manufacturers, including GE Healthcare, Siemens Healthineers, and Philips, which continually introduce technologically advanced systems such as high-field and ultra-high-field MRI scanners. For instance, in May 2024, United Imaging Healthcare Co., Ltd., a China-based multinational medical technology company, announced that the US Food and Drug Administration (FDA) has approved their uMR Jupiter 5T MRI system. Widespread adoption of AI-assisted imaging and the integration of hybrid imaging modalities, such as PET/MRI, have further strengthened market growth.
Additionally, increasing prevalence of chronic diseases, including neurological disorders, cardiovascular diseases, and cancer, has fueled demand for MRI systems in hospitals, diagnostic imaging centers, and research facilities. Government initiatives supporting healthcare innovation and reimbursement policies for diagnostic imaging also play a critical role. Moreover, ongoing research in faster scanning technologies, low-field portable systems, and patient-friendly designs is expected to sustain the country’s leadership in the MRI market. Overall, the US continues to set global benchmarks for MRI adoption and technological advancement, making it the largest and most mature market globally.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 6,002.73 Million |
| Market Size by 2031 | US$ 8,142.77 Million |
| Global CAGR (2025 - 2031) | 4.5% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| 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 North America Magnetic Resonance Imaging (MRI) Systems Market is valued at US$ 6,002.73 Million in 2024, it is projected to reach US$ 8,142.77 Million by 2031.
As per our report North America Magnetic Resonance Imaging (MRI) Systems Market, the market size is valued at US$ 6,002.73 Million in 2024, projecting it to reach US$ 8,142.77 Million by 2031. This translates to a CAGR of approximately 4.5% during the forecast period.
The North America 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 North America Magnetic Resonance Imaging (MRI) Systems Market report:
The North America 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 North America Magnetic Resonance Imaging (MRI) Systems Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Magnetic Resonance Imaging (MRI) Systems Market value chain can benefit from the information contained in a comprehensive market report.
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