The global Magnetic Resonance Imaging (MRI) Systems Market is projected to grow from USD 14,168.84 million in 2024 to USD 20,333.64 million by 2031, expanding at a CAGR of 5.3% from 2025 to 2031.

🌍 Global Market Overview:

The demand for MRI systems continues to rise due to increasing incidences of neurological disorders, cancer, and cardiovascular diseases that require advanced imaging technologies. Innovations such as high-field MRI scanners and AI-powered imaging software are significantly improving diagnostic speed and accuracy. Furthermore, growing healthcare infrastructure in emerging markets is enhancing accessibility and adoption of MRI systems.

AI integration is emerging as a key driver, streamlining image interpretation, boosting diagnostic confidence, and improving overall clinical workflows.

However, high equipment and maintenance costs remain a barrier in resource-limited settings, especially among smaller clinics and diagnostic centers. Despite this, ongoing innovation and healthcare modernization are expected to sustain market growth globally.

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🔍 Market Segmentation Insights:

• By Type:
  • Closed MRI Systems (dominant)
  • Open MRI Systems
• By Field Strength:
  • Low-Field
  • Mid-Field (leading segment)
  • High & Ultra-High Field
• By Mobility:
  • Fixed MRI Systems (leading)
  • Portable MRI Systems
• By Application:
  • Neurology (dominant)
  • Oncology, Cardiology, Orthopedics, Gastroenterology, Gynecology, Others
• By End User:
  • Hospitals (largest share)
  • Specialty Clinics, Diagnostic Imaging Centers, Research Institutes, Others

🚀 Key Growth Drivers:

Rise in Chronic Diseases & Neurological Disorders
The increasing global burden of conditions like multiple sclerosis, epilepsy, and Alzheimer’s is fueling MRI demand for accurate early-stage diagnosis. For instance, the WHO reported over 1.8 million people living with multiple sclerosis globally as of 2023.

Technological Advancements
Innovations in gradient performance, image quality, and AI-assisted diagnosis are transforming the MRI landscape, making it faster, safer, and more accurate.

🏥 Key Players:

• 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.

📰 Recent Market Developments:

📅 May 12, 2025 – GE HealthCare launched SIGNA Sprint, a next-gen wide-bore 1.5T MRI system, at ISMRM 2025, offering superior performance and imaging flexibility.

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