Press release
India Magnetic Resonance Imaging (MRI) Market Projected to Reach 365.25 Million by 2033
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 264.76 Million
Market Forecast in 2033: USD 365.25 Million
Market Growth Rate 2025-2033: 3.64%
India Magnetic Resonance Imaging (MRI) Market Overview
The Indian MRI market is expanding with the increasing prevalence of chronic diseases and the aging population. Technological innovation is improving the precision of diagnosis, reducing the cost, and expanding access to MRI services in the urban and rural areas.
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India Magnetic Resonance Imaging (MRI) Market Trends and Drivers
Higher prevalence of chronic diseases such as cancer, neurological diseases, cardiovascular diseases, and musculoskeletal diseases is one of the major drivers of demand for MRI services in India. With the growing aging of the population, demand for accurate diagnostic equipment to diagnose and monitor these diseases further increases. MRI scans are in high demand as they are non-invasive in nature and can provide high-quality images, hence a major driver in the diagnosis of soft tissue diseases, tumors, and degenerative diseases. India's aging population is growing at a very fast rate, and this is creating a demand for early detection and treatment. With physicians shifting towards preventive treatment, demand for high-tech diagnostic equipment such as MRI machines is on the rise. For example, in 2024, Fortis Memorial Research Institute, Gurugram, launched North India's first MR Linac technology for cancer treatment. The advanced machine combined MRI and radiation therapy to provide real-time imaging for enhanced tumor targeting and more accurate treatment. The MR Linac was specifically developed to enhance cancer treatment, reduce side effects, and improve patient outcomes.
India Magnetic Resonance Imaging (MRI) Market Segmentation
1. By Field Strength
• Low Field Strength
• Mid Field Strength
• High Field Strength
2. By Type
• Conventional MRI
• Functional MRI (fMRI)
3. By Architecture
• Closed System
• Open System
4. By Application
• Oncology
• Neurology
• Cardiology
• Gastroenterology
• Musculoskeletal
• Others
5. By Source
• Domestic
• Imported
6. By Product
• Equipment
• Software
• Accessories
7. By End User
• Hospitals
• Diagnostic Centers
• Ambulatory Surgical Centers
• Others
8. By Region
• North India
• West and Central India
• South India
• East and Northeast India
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India Magnetic Resonance Imaging (MRI) Market News
April 2024: Fortis Memorial Research Institute in Gurugram introduced North India's first MR Linac technology for cancer care. This advanced machine combines MRI with radiation therapy, providing real-time imaging for improved tumor targeting and more precise treatment. The MR Linac is expected to enhance cancer care, reduce side effects, and improve patient outcomes.
Key Highlights of the Report
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC's offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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