Magnetic Resonance Imaging Systems Devices And Equipment Market Report 2026

Magnetic Resonance Imaging Systems Devices And Equipment Market Overview

• Magnetic Resonance Imaging Systems Devices And Equipment market size has reached to $9.69 billion in 2025 • Expected to grow to $11.67 billion in 2030 at a compound annual growth rate (CAGR) of 3.8% • Growth Driver: Increasing Geriatric Population Driving Market Growth Due To Higher Demand For Advanced Diagnostic Imaging • Market Trend: Embedding Virtually Helium?Free MRI Platforms To Boost Sustainability And Efficiency • Western Europe was the largest region in 2025 and North America is the fastest growing region.

What Is Covered Under Magnetic Resonance Imaging Systems Devices And Equipment Market?

Magnetic Resonance Imaging (MRI) systems, devices, and equipment are advanced medical technologies used to create detailed images of the organs and tissues within the body. These systems utilize strong magnetic fields, radio waves, and computer processing to generate high-resolution images, which are critical for diagnosing various medical conditions, including tumors, neurological disorders, and musculoskeletal injuries. MRI systems are classified into different types, each designed to meet specific diagnostic needs and patient comfort levels. The main types of magnetic resource imaging devices and equipment are close MRI and open MRI. The closed MRI refers to the longer MRI compared to the open one and includes a large magnet that sends the signal and also receives the signals from the body and is used to take images of the particular body parts. These are used in various applications such as oncology, neurology, cardiology, inflammatory and infectious diseases, and others that are used by hospitals, imaging centres, and ambulatory surgical centres.

What Is The Magnetic Resonance Imaging Systems Devices And Equipment Market Growth Forecast?

The magnetic resonance imaging systems devices and equipment market size is expected to see steady growth in the next few years. It will grow to $11.67 billion in 2030 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to increasing integration of ai in diagnostic imaging, rising demand for precision diagnostics, expansion of outpatient imaging centers, growing focus on workflow optimization in radiology, increasing adoption of value-based healthcare models. Major trends in the forecast period include increasing adoption of ai-assisted image reconstruction, rising demand for high-field and ultra-high-field mri systems, growing preference for patient-friendly open mri designs, expansion of advanced mri software and analytics, enhanced focus on faster and high-resolution imaging.

What Is The Driver Of The Magnetic Resonance Imaging Systems Devices And Equipment Market?

The increasing geriatric population is expected to propel the growth of the magnetic resonance imaging systems devices and equipment market going forward. The geriatric population refers to individuals aged 65 years and older who are more susceptible to chronic illnesses such as neurological disorders, musculoskeletal conditions, cardiovascular diseases, and cancers. The rising geriatric population is due to increased life expectancy combined with declining fertility rates, resulting in a larger proportion of older individuals in the population. Magnetic resonance imaging systems devices and equipment are essential for addressing the unique healthcare needs of the geriatric population. This device helps with early diagnosis, personalized treatment, and improved overall health outcomes for older individuals. For instance, in September 2025, according to the World Economic Forum, a Switzerland based international organization, Japan recorded 36.25 million people aged 65 and over in 2024, representing 29.3% of the total population, with this share projected to increase to 34.8% in 2040 and 36.3% in 2045. Therefore, the increasing geriatric population is driving the growth of the lancing devices and equipment market.

Key Players In The Global Magnetic Resonance Imaging Systems Devices And Equipment Market

Major companies operating in the magnetic resonance imaging systems devices and equipment market are Siemens Healthineers, GE Healthcare, Philips Healthcare, Hitachi Ltd., Canon Medical Systems, Esaote S.p.A, Bruker Corporation, Fonar Corporation, Neusoft Medical Systems Co. Ltd., Time Medical Systems, Aurora Imaging Technology, AllTech Medical Systems, Magnetica, Tomtec Imaging Systems GMBH, Sanrad Medical Systems Pvt. Ltd., Analogic Corporation, Hologic Inc, IMRIS Inc., Innervision Mri, Medinus Co., Millennium Technology Inc., Mindray Medical International Ltd., MR Solutions, Toshiba Corporation, Koninklijke Philips N.V., Hyperfine

Global Magnetic Resonance Imaging Systems Devices And Equipment Market Trends and Insights

Major companies operating in the MRI systems market are focusing on technological advancement, such as virtually helium-free MRI platforms, to reduce dependence on scarce cryogens, cutting infrastructure costs, and improving sustainability. Virtually helium-free MRI platforms use advanced cooling circuits and energy-saving modes, while combining automation and AI-driven workflows to deliver high-quality imaging with fewer resources. For instance, in February 2024, Siemens Healthineers, a Germany-based medical technology company, introduced its MAGNETOM Flow, a 1.5 T MRI platform that uses DryCool technology to limit helium usage to just 0.7 liters with a closed helium circuit and no quench pipe. The system features automated workflows and AI-based image reconstruction (Deep Resolve), enabling scan time reductions up to 50% and improved image quality. Magnetom Flow also supports energy-saving modes like Eco Gradient Mode and Eco Power Mode, reducing cooling energy consumption by up to 30–45%. Its compact footprint (24 m², <2 m tall) and no need for a quench pipe make it easier and more cost effective to site in a variety of clinical settings.

What Are Latest Mergers And Acquisitions In The Magnetic Resonance Imaging Systems Devices And Equipment Market?

In February 2025, Grovecourt Capital Partners, a US-based private equity firm, acquired IMRIS Imaging, Inc. for an undisclosed amount. With this acquisition, Grovecourt aims to accelerate innovation in intraoperative magnetic resonance imaging (MRI) by combining its financial backing with IMRIS’s ceiling-mounted, movable intraoperative MRI technology. This move enables Grovecourt to strengthen its medical imaging portfolio and helps IMRIS expand its product offerings into emerging applications like laser ablation and high-intensity focused ultrasound, thereby enhancing patient-care precision. IMRIS Imaging, Inc. is a US-based company that designs, manufactures, and services advanced intraoperative MRI suites used in neurosurgery and other operating-room environments.

What Defines the Magnetic Resonance Imaging Systems Devices And Equipment Market?

The magnetic resource imaging devices and equipment market consists of sales of standing or sitting MRI devices. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Magnetic Resonance Imaging Systems Devices And Equipment Market Report 2026?

The magnetic resonance imaging systems devices and equipment market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the magnetic resonance imaging systems devices and equipment industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.