Magnetic Resonance Imaging (MRI) Systems Market Size, Share & Global
Insights (2022–2031)

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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