Superconducting Magnet For Medical Magnetic Resonance Imaging (MRI) System: Critical Driver Shaping the Growing Demand For Diagnostic Imaging Fueling The Growth Of The Market Due To Rising Need For Accurate And Early Disease Diagnosis Market in 2025

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Superconducting Magnet For Medical Magnetic Resonance Imaging (MRI) System Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past few years, there has been significant growth in the market size of superconducting magnets used for medical magnetic resonance imaging (MRI) systems. The market, which was valued at $1.97 billion in 2024, is expected to reach a size of $2.13 billion by 2025, expanding at a compound annual growth rate (CAGR) of 8.1%. This impressive growth throughout the preceding years has been driven by factors such as an increased demand for high-quality imaging, a rise in diagnostic imaging procedures, a growing prevalence of chronic diseases, government funding into medical imaging, an aging population, and heightened awareness around early detection of diseases.

Superconducting Magnet For Medical Magnetic Resonance Imaging (MRI) System Market Size Forecast: What's the Projected Valuation by 2029?
The market for superconducting magnets in medical magnetic resonance imaging (MRI) systems is projected to experience a robust growth in the coming years, with its value anticipating to reach $2.87 billion by 2029 growing at a compound annual growth rate (CAGR) of 7.8%. The development of compact superconducting magnets, the penetration into new healthcare markets, the increasing demand for outpatient imaging facilities, the rise in personalized medicine, and the escalating need for non-invasive diagnostic equipment contribute to this growth during the forecast period. The upcoming trends include a move towards higher magnetic field strength, the expansion of helium-free and zero boil-off magnet technologies, the advancements in superconducting materials, the creation of compact superconducting magnet systems, and a focus on sustainability and operational efficiency.

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What Are the Drivers Transforming the Superconducting Magnet For Medical Magnetic Resonance Imaging (MRI) System Market?
The expansion of the superconducting magnet for medical magnetic resonance imaging (MRI) system market is anticipated to be fuelled by the rising demand for diagnostic imaging. Diagnostic imaging involves methods and procedures employed to form visual depictions of the body's interior for clinical scrutiny and medical treatment. The need for such imaging is escalating as a result of increasing instances of chronic diseases requiring prompt and precise diagnosis. Superconducting magnets for MRI systems bolster the demand for diagnostic imaging by providing high-field strength, which ensures more precise and clearer scans. These magnets also help to enhance diagnostic accuracy, decrease scanning times, improve patient throughput and clinical efficiency. For example, a survey study conducted by the National Library of Medicine, a federal government entity in the US, in February 2025 showed that among 348,214,053 insured individuals-including those with Medicare fee-for-service, Medicare Advantage, Medicaid, and commercial insurance from 2018 to 2022-the utilization of imaging is projected to rise by 16.9% to 26.9% in 2055 compared with 2023. Consequently, the escalating demand for diagnostic imaging is spurring growth in the superconducting magnet for medical magnetic resonance imaging (MRI) system market.

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Which Emerging Trends Are Transforming the Superconducting Magnet For Medical Magnetic Resonance Imaging (MRI) System Market in 2025?
Leading firms in the superconducting magnet for medical magnetic resonance imaging (MRI) system domain are honing their focus on the creation of advanced products like sealed magnet systems to enhance reliability, reduce helium use, and boost operational efficiency. The term "sealed magnet systems" refers to technologies in the superconducting magnet milieu which are engineered to function with negligible or no helium boil-off, encapsulating the cryogen within a completely sealed, self-contained cryostat. For instance, GE HealthCare Technologies Inc., a provider of healthcare technology based in the United States, launched their next-generation sealed magnet platform, Freelium, in February 2025. Using less than 1% of the helium that traditional systems consume, this platform is dedicated to delivering superior MRI imaging. Freelium functions without requiring extra cooling or power infrastructure, and incorporates smart sensor technology for autonomous recovery and remote monitoring, thereby reducing field engineer dependence. The transportation and installation of this sealed model are also streamlined, leading to more equitable distribution of MRI services.

Which Segments in the Superconducting Magnet For Medical Magnetic Resonance Imaging (MRI) System Market Offer the Most Profit Potential?
The superconducting magnet for medical magnetic resonance imaging (MRI) system market covered in this report is segmented

1) By Type: Low-Temperature Superconductors (LTS), High-Temperature Superconductors (HTS)
2) By System Type: Open Magnetic Resonance Imaging (MRI) Systems, Closed Magnetic Resonance Imaging (MRI) Systems, Dedicated Magnetic Resonance Imaging (MRI) Systems For Specific Applications
3) By Magnetic Field Strength: 1.5 Tesla, 3 Tesla, 7 Tesla, Ultra-High Field Magnetic Resonance Imaging (MRI)
4) By Application: Neurological Imaging, Musculoskeletal Imaging, Cardiac Imaging, Pediatric Imaging, Oncology Imaging
5) By End-User: Hospitals, Diagnostic Imaging Centers, Research Institutions, Academic Medical Centers

Subsegments:
1) By Low-Temperature Superconductors (LTS): Niobium-Titanium (NbTi), Niobium-Tin (Nb3Sn), Other Low-Temperature Superconductors (LTS) Materials
2) By High-Temperature Superconductors (HTS): Yttrium Barium Copper Oxide (YBCO), Bismuth Strontium Calcium Copper Oxide (BSCCO), Other High-Temperature Superconductors (HTS) Materials

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Which Firms Dominate the Superconducting Magnet For Medical Magnetic Resonance Imaging (MRI) System Market by Market Share and Revenue in 2025?
Major companies operating in the superconducting magnet for medical magnetic resonance imaging (mri) system market are Hitachi Medical Corporation, Siemens Healthineers AG, Fujifilm Healthcare Corporation, Philips Medical Systems Nederland B.V., GE Healthcare Technologies Inc., Bruker Corporation, Shanghai United Imaging Healthcare Co. Ltd., Oxford Instruments plc, Canon Medical Systems Corporation, Japan Superconductor Technology Inc., Tesla Engineering Ltd., Cryogenic Ltd., Alltech Medical Systems America Inc., Aurora Imaging Technology Inc., American Magnetics Inc., Cryomagnetics Inc., Scientific Magnetics Ltd., Western Superconducting Technologies Co. Ltd., Yangzhou Kindsway Biotech Co. Ltd., Ningbo Jansen Superconducting Technologies Co. Ltd.

Which Regions Offer the Highest Growth Potential in the Superconducting Magnet For Medical Magnetic Resonance Imaging (MRI) System Market?
North America was the largest region in the superconducting magnet for medical magnetic resonance imaging (MRI) system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the superconducting magnet for medical magnetic resonance imaging (MRI) system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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