Magnetic Resonance Imaging Systems Devices And Equipment Market on Track for Strong Growth, Estimated to Grow at 3.2% CAGR Through 2029

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What Is the Expected CAGR for the Magnetic Resonance Imaging Systems Devices And Equipment Market Through 2025?
In recent times, the market size of devices and equipment for magnetic resonance imaging systems has seen steady growth. The growth is projected to increase from $9.35 billion in 2024 to $9.69 billion in 2025, with a compound annual growth rate (CAGR) of 3.7%. Factors such as advancements in diagnostic imaging, a rise in the aging population, an increase in trauma and emergency care, and developments in oncology and cancer diagnosis have contributed to growth during the historic period.

What's the Projected Size of the Global Magnetic Resonance Imaging Systems Devices And Equipment Market by 2029?
It is anticipated that the market size for magnetic resonance imaging systems, devices and equipment will experience consistent expansion in the coming years. The market is projected to reach a value of $11.01 billion by 2029, growing at a compound annual growth rate (CAGR) of 3.2%. Factors contributing to this growth during the forecast period include the rise of emerging markets, regulatory backing, a focus on reducing radiation, and the pursuit of value-based healare. Key trends anticipated throughout this period include the advancement of high-field and ultra-high-field mri, cardiac mri, musculoskeletal mri, and hybrid imaging.

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Top Growth Drivers in the Magnetic Resonance Imaging Systems Devices And Equipment Industry: What's Accelerating the Market?
The lifestyle alterations, advancements in technology, and the surge in chronic diseases are contributing to an increased need for diagnostics, this, in turn, is fuelling the growth of the MRI systems market. MRI systems, which generate three-dimensional comprehensive anatomical images of the human body, are crucial in diagnostics, detecting diseases, and monitoring treatments. The surge in health concerns is amplifying the need for medical imaging technologies in healare facilities. For instance, around 150,000 health and wellness centres in India, backed by a budget of $ 1.8 billion, have been making healare systems more accessible. The growing awareness about health and the significance of health insurance are also major contributors to the significant expansion of the market.

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What Long-Term Trends Will Define the Future of the Magnetic Resonance Imaging Systems Devices And Equipment Market?
Top businesses engaged in the production and sale of magnetic resonance imaging systems, devices and equipment are focusing on the advancement of mobile MRI scanners. This is aimed at improving patient accessibility, minimizing transportation to imaging centers, and efficiently delivering diagnostic services at the point of care. A mobile MRI scanner is simply a transportable MRI machine designed to offer imaging services in a variety of non-hospital locations. It functions at a field strength of 1.5T, delivering superior imaging equal to that of traditional fixed systems. An example of this is Siemens Healthineers AG, a company based in Germany, which in November 2022 introduced its MAGNETOM Viato.Mobile. This mobile MRI scanner, with its 70 cm open bore, caters to a broader spectrum of patients, particularly those who might find standard bore MRI systems uncomfortable. Additionally, the MAGNETOM Viato.Mobile offers remote scanning and reading functions, boosting operational efficiency and facilitating distant expert consultations via platforms such as syngo Virtual Cockpit and WeScan.

What Are the Main Segments in the Magnetic Resonance Imaging Systems Devices And Equipment Market?
The magnetic resonance imaging systems devices and equipment market covered in this report is segmented -

1) By Type: Close MRI, Open MRI
2) By Application: Oncology, Neurology, Cardiology, Inflamatory and Infectious Diseases, Other Applications
3) By End User: Hospitals, Imaging centers, Ambulatory surgical centers

Subsegments:
1) By Close MRI: High-field MRI, Low-field MRI, Very High-field MRI
2) By Open MRI: Open High-field MRI, Open Low-field MRI

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Which Top Companies are Driving Growth in the Magnetic Resonance Imaging Systems Devices And Equipment Market?
Major companies operating in the magnetic resonance imaging systems devices and equipment market include Siemens Healthineers, GE Healare, Philips Healare, 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., Agilent Technologies Inc., Analogic Corporation, Hologic Inc, IMRIS Inc., Innervision Mri, Medinus Co., Medtronic plc, Millennium Technology Inc., Mindray Medical International Ltd., MR Solutions, Toshiba Corporation, Koninklijke Philips N.V., Hyperfine

Which Regions Will Dominate the Magnetic Resonance Imaging Systems Devices And Equipment Market Through 2029?
Western Europe was the largest region in the global magnetic resource imaging devices and equipment market in 2024. North America was the second-largest region in global magnetic resource imaging devices and equipment market. The regions covered in the magnetic resonance imaging systems devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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