Magnetic Resonance Imaging (MRI) Market Set for Significant Growth by 2031: Industry Trends, Technological Advancements & Forecast 2025-2031

The global market for Magnetic Resonance Imaging was estimated to be worth US$ 6840 million in 2024 and is forecast to a readjusted size of US$ 8691 million by 2031 with a CAGR of 3.4% during the forecast period 2025-2031.

Magnetic Resonance Imaging (MRI) is a non-invasive medical imaging technique that uses strong magnetic fields and radiofrequency waves to generate detailed images of the internal structures of the body. MRI provides high-resolution images of soft tissues, organs, and other bodily structures without the use of ionizing radiation, making it a safer alternative to X-rays and CT scans. It is widely used for diagnosing and monitoring conditions in neurology, orthopedics, cardiology, and oncology.

Download Exclusive PDF Sample: (Including Full TOC, Data Tables, Visual Charts) @ https://www.qyresearch.com/sample/4786809

The Magnetic Resonance Imaging (MRI) market is driven by the growing global incidence of chronic diseases such as cancer, neurological disorders, and cardiovascular conditions that demand precise and early diagnosis. MRI technology offers non-invasive, radiation-free imaging with high-resolution capabilities, making it a preferred diagnostic tool among healthcare providers. Continuous technological advancements-such as the development of higher field strength MRI systems (3T and above), functional MRI (fMRI), and AI-powered image analysis-are enhancing diagnostic accuracy and expanding clinical applications. Additionally, increasing healthcare expenditure, rising awareness about preventive healthcare, and the expansion of healthcare infrastructure in emerging economies are further fueling market growth.

Despite its growth potential, the MRI market faces several challenges. The high costs of MRI equipment acquisition, installation, and maintenance restrict accessibility, especially in low- and middle-income countries and smaller healthcare facilities. MRI systems also require specialized infrastructure, including shielded rooms and cryogenic cooling, which add to the complexity and cost. The shortage of trained radiologists and technicians limits effective utilization in many regions. Furthermore, patient discomfort during long scan durations, issues like claustrophobia, and contraindications for patients with metal implants reduce the overall adoption rate. Regulatory hurdles and reimbursement uncertainties in certain markets further complicate widespread adoption.

Competitive landscape is one of the most interesting subjects of any market research study. It provides readers with important information on competition trends, prominent players, and nature of competition. In this report, the authors have profiled some of the top-ranking as well as other players of the global Magnetic Resonance Imaging market. In the company profiling section, each player is comprehensively studied while focusing on its market share, recent developments, production, gross revenue, profit margin, and other factors. The competitive analysis shared in the report will help players to improve their strategies to better compete with other companies.

Key Players Dominating the Global Magnetic Resonance Imaging Markets are:

Siemens
Philips
GE Healthcare
Canon Medical
Fujifilm
United Imaging
Neusoft
XGY
Anke
Alltech
Wandong
BASDA

All of the segments of the global Magnetic Resonance Imaging market analyzed in the report are deeply studied while concentrating on their market share, CAGR, and growth opportunities. The segmentation study provided in the report will help players to identify rewarding growth prospects available in the global Magnetic Resonance Imaging market. Furthermore, it offers a clear and thorough evaluation of key segments so that players could bank on profit-making areas of the global Magnetic Resonance Imaging market. The analysts have explained each factor contributing to the growth of leading segments. In addition, they have provided a near-accurate prediction of the growth potential of each segment.

Segment by Type

Closed MRI Systems
Open MRI Systems

Segment by Application

Hospitals
Imaging Centers
Scientific Research
Other

The segment of the market features the areas that are secured under the global Magnetic Resonance Imaging market are North America, South East Asia, Japan, India, China, and Europe. The regional analysis provided in the research study is an outstanding attempt made by the researchers to help players identify high-growth regions and modify their strategies according to the specific market scenarios therein. Each region is deeply analyzed with large focus on CAGR, market growth, market share, market situations, and growth forecast.

Segment by Region

North America
United States
Canada

Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific

Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe

Latin America
Mexico
Brazil
Rest of Latin America

Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Methodology and Data Sources

The researchers used reliable primary and secondary information and data sources to compile the report. As part of the primary research process, they personally interviewed important entities and companies from the supply as well as demand side of the industry. These include key executives, innovation specialists, technology experts, marketing managers, vice presidents, chief financial officers, and chief executives. For secondary research, the analysts used articles by popular authors, company financial reports, quarterly and annual earnings presentations, web data, information from government and regulatory databases, and official journals.

The researchers used some important parameters for market forecasting: future capacity additions, current capacity, anticipated developments in the market and the industry, regulatory scenarios, price trends, supply and demand trends, raw material scenarios, key drivers and restraints, and their predicted impact on the global market.

Request Pre-Order Enquiry on This Exclusive Report @ https://www.qyresearch.com/customize/4786809

Table Of Content

1 Market Overview
1.1 Magnetic Resonance Imaging Product Introduction
1.2 Global Magnetic Resonance Imaging Market Size Forecast (2020-2031)
1.3 Magnetic Resonance Imaging Market Trends & Drivers
1.3.1 Magnetic Resonance Imaging Industry Trends
1.3.2 Magnetic Resonance Imaging Market Drivers & Opportunity
1.3.3 Magnetic Resonance Imaging Market Challenges
1.3.4 Magnetic Resonance Imaging Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Magnetic Resonance Imaging Players Revenue Ranking (2024)
2.2 Global Magnetic Resonance Imaging Revenue by Company (2020-2025)
2.3 Key Companies Magnetic Resonance Imaging Manufacturing Base Distribution and Headquarters
2.4 Key Companies Magnetic Resonance Imaging Product Offered
2.5 Key Companies Time to Begin Mass Production of Magnetic Resonance Imaging
2.6 Magnetic Resonance Imaging Market Competitive Analysis
2.6.1 Magnetic Resonance Imaging Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Magnetic Resonance Imaging Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Magnetic Resonance Imaging as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Closed MRI Systems
3.1.2 Open MRI Systems
3.2 Global Magnetic Resonance Imaging Sales Value by Type
3.2.1 Global Magnetic Resonance Imaging Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Magnetic Resonance Imaging Sales Value, by Type (2020-2031)
3.2.3 Global Magnetic Resonance Imaging Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Hospitals
4.1.2 Imaging Centers
4.1.3 Scientific Research
4.1.4 Other
4.2 Global Magnetic Resonance Imaging Sales Value by Application
4.2.1 Global Magnetic Resonance Imaging Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Magnetic Resonance Imaging Sales Value, by Application (2020-2031)
4.2.3 Global Magnetic Resonance Imaging Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Magnetic Resonance Imaging Sales Value by Region
5.1.1 Global Magnetic Resonance Imaging Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Magnetic Resonance Imaging Sales Value by Region (2020-2025)
5.1.3 Global Magnetic Resonance Imaging Sales Value by Region (2026-2031)
5.1.4 Global Magnetic Resonance Imaging Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Magnetic Resonance Imaging Sales Value, 2020-2031
5.2.2 North America Magnetic Resonance Imaging Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Magnetic Resonance Imaging Sales Value, 2020-2031
5.3.2 Europe Magnetic Resonance Imaging Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Magnetic Resonance Imaging Sales Value, 2020-2031
5.4.2 Asia Pacific Magnetic Resonance Imaging Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Magnetic Resonance Imaging Sales Value, 2020-2031
5.5.2 South America Magnetic Resonance Imaging Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Magnetic Resonance Imaging Sales Value, 2020-2031
5.6.2 Middle East & Africa Magnetic Resonance Imaging Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Magnetic Resonance Imaging Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Magnetic Resonance Imaging Sales Value, 2020-2031
6.3 United States
6.3.1 United States Magnetic Resonance Imaging Sales Value, 2020-2031
6.3.2 United States Magnetic Resonance Imaging Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Magnetic Resonance Imaging Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Magnetic Resonance Imaging Sales Value, 2020-2031
6.4.2 Europe Magnetic Resonance Imaging Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Magnetic Resonance Imaging Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Magnetic Resonance Imaging Sales Value, 2020-2031
6.5.2 China Magnetic Resonance Imaging Sales Value by Type (%), 2024 VS 2031
6.5.3 China Magnetic Resonance Imaging Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Magnetic Resonance Imaging Sales Value, 2020-2031
6.6.2 Japan Magnetic Resonance Imaging Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Magnetic Resonance Imaging Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Magnetic Resonance Imaging Sales Value, 2020-2031
6.7.2 South Korea Magnetic Resonance Imaging Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Magnetic Resonance Imaging Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Magnetic Resonance Imaging Sales Value, 2020-2031
6.8.2 Southeast Asia Magnetic Resonance Imaging Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Magnetic Resonance Imaging Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Magnetic Resonance Imaging Sales Value, 2020-2031
6.9.2 India Magnetic Resonance Imaging Sales Value by Type (%), 2024 VS 2031
6.9.3 India Magnetic Resonance Imaging Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Siemens
7.1.1 Siemens Profile
7.1.2 Siemens Main Business
7.1.3 Siemens Magnetic Resonance Imaging Products, Services and Solutions
7.1.4 Siemens Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.1.5 Siemens Recent Developments
7.2 Philips
7.2.1 Philips Profile
7.2.2 Philips Main Business
7.2.3 Philips Magnetic Resonance Imaging Products, Services and Solutions
7.2.4 Philips Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.2.5 Philips Recent Developments
7.3 GE Healthcare
7.3.1 GE Healthcare Profile
7.3.2 GE Healthcare Main Business
7.3.3 GE Healthcare Magnetic Resonance Imaging Products, Services and Solutions
7.3.4 GE Healthcare Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.3.5 GE Healthcare Recent Developments
7.4 Canon Medical
7.4.1 Canon Medical Profile
7.4.2 Canon Medical Main Business
7.4.3 Canon Medical Magnetic Resonance Imaging Products, Services and Solutions
7.4.4 Canon Medical Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.4.5 Canon Medical Recent Developments
7.5 Fujifilm
7.5.1 Fujifilm Profile
7.5.2 Fujifilm Main Business
7.5.3 Fujifilm Magnetic Resonance Imaging Products, Services and Solutions
7.5.4 Fujifilm Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.5.5 Fujifilm Recent Developments
7.6 United Imaging
7.6.1 United Imaging Profile
7.6.2 United Imaging Main Business
7.6.3 United Imaging Magnetic Resonance Imaging Products, Services and Solutions
7.6.4 United Imaging Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.6.5 United Imaging Recent Developments
7.7 Neusoft
7.7.1 Neusoft Profile
7.7.2 Neusoft Main Business
7.7.3 Neusoft Magnetic Resonance Imaging Products, Services and Solutions
7.7.4 Neusoft Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.7.5 Neusoft Recent Developments
7.8 XGY
7.8.1 XGY Profile
7.8.2 XGY Main Business
7.8.3 XGY Magnetic Resonance Imaging Products, Services and Solutions
7.8.4 XGY Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.8.5 XGY Recent Developments
7.9 Anke
7.9.1 Anke Profile
7.9.2 Anke Main Business
7.9.3 Anke Magnetic Resonance Imaging Products, Services and Solutions
7.9.4 Anke Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.9.5 Anke Recent Developments
7.10 Alltech
7.10.1 Alltech Profile
7.10.2 Alltech Main Business
7.10.3 Alltech Magnetic Resonance Imaging Products, Services and Solutions
7.10.4 Alltech Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.10.5 Alltech Recent Developments
7.11 Wandong
7.11.1 Wandong Profile
7.11.2 Wandong Main Business
7.11.3 Wandong Magnetic Resonance Imaging Products, Services and Solutions
7.11.4 Wandong Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.11.5 Wandong Recent Developments
7.12 BASDA
7.12.1 BASDA Profile
7.12.2 BASDA Main Business
7.12.3 BASDA Magnetic Resonance Imaging Products, Services and Solutions
7.12.4 BASDA Magnetic Resonance Imaging Revenue (US$ Million) & (2020-2025)
7.12.5 BASDA Recent Developments
8 Industry Chain Analysis
8.1 Magnetic Resonance Imaging Industrial Chain
8.2 Magnetic Resonance Imaging Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Magnetic Resonance Imaging Sales Model
8.5.2 Sales Channel
8.5.3 Magnetic Resonance Imaging Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

Key Questions Answered in the Market Research Report

(A) Which are the five top players of the global Magnetic Resonance Imaging market?

(B) How will the global Magnetic Resonance Imaging market change in the next five years

(C) Which product and application will take a lion's share of the global Magnetic Resonance Imaging market?

(D) What are the drivers and restraints of the global Magnetic Resonance Imaging market?

(E)Which regional market will show the highest growth?

(F) What will be the CAGR and size of the global Magnetic Resonance Imaging market throughout the forecast period?

Contact US

QY RESEARCH, INC.
17890 CASTLETON STREET
SUITE 369, CITY OF INDUSTRY
CA - 91748, UNITED STATES OF AMERICA
Web - https://www.qyresearch.in
Tel: +91-8149736330
Email- ankit@qyresearch.com

About US:

QYResearch is a leading global market research and consulting company established in 2007. With over 17 years' experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability.

This release was published on openPR.