MRI Systems Market is expected to reach US$ 11.72 billion by 2033 | Major key players - Siemens Healthiness, GE HealthCare, Philips Healthcare.

Market Size and Forecast:

The Global MRI Systems Market size reached US$ 6.24 billion with rise of US$ 6.62 billion in 2024 is expected to reach US$ 11.72billion by 2033, growing at a CAGR of 6.6%during the forecast period 2025-2033. The Market is driven by rising demand for early disease diagnosis, advancements in imaging technology, and increasing prevalence of chronic and neurological disorders. According to DataM Intelligence

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The MRI Systems Market refers to the global industry focused on the development, production, and sale of magnetic resonance imaging systems used for detailed internal body scans. These systems provide non-invasive diagnostic imaging for detecting diseases and monitoring treatment. The market includes closed, open, and portable MRI systems across hospitals, diagnostic centers, and research institutions.

Industry Recent Developments: United States

✅ July 2025: Philips Healthcare invested $80 million to expand its MRI R&D and production facility in Massachusetts, focusing on ultra-high-field MRI systems and AI-integrated software to strengthen innovation in medical imaging.

✅ August 2025: GE Healthcare completed the acquisition of a US-based MRI software startup specializing in AI-powered image reconstruction and predictive analytics, expanding GE's digital imaging capabilities.

✅ September 2025: Siemens Healthineers launched its next-generation 3T MRI scanner with AI-assisted imaging, faster scan times, and enhanced image clarity, aiming to improve diagnostic accuracy and workflow efficiency across US hospitals and research institutions.

Industry Recent Developments: Japan

✅ August 2025: Hybrid MRI systems gaining traction, with Canon Medical's horizontally open 1.2T kinematic system enabling real-time joint studies, aiding sports-medicine programs.

✅ 2025 (general): Canon Medical unveiled the Vantage Titan Zen Edition 1.5-tesla MRI scanner, which reduces acoustic noise by 99% using Pianissimo Zen technology, boosting patient volume by 20% at Pulaski Memorial Hospital.

✅ 2024-2025: Fujifilm launched the ECHELON Synergy 1.5T MRI System Version 10, featuring AI-powered Synergy Vision and StillShot technologies to reduce motion artifacts and improve diagnostic accuracy.

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FDA Approvals / Clearances (U.S., 2025):

✅ Siemens Healthineers - MAGNETOM Flow.Ace / Flow.Plus: FDA 510(k) clearance (mid-June 2025). Helium-free / closed-helium-circuit 1.5T MR platforms (reduced helium dependence) with advanced software features; clearance documented in FDA K-file and company announcement.

✅ Philips - SmartSpeed Precise (MR reconstruction software): FDA 510(k) clearance (early July 2025). Dual-AI deep-learning reconstruction package promising faster scans and higher apparent resolution.

✅ United Imaging - FDA 510(k) clearances for uMR systems / uMR Omega-related filings (multiple 2025 documents): United Imaging had FDA 510(k) activity in 2025 for new/modified uMR platforms (examples include K243122 and related files in mid-2025).

✅ FDA 510(k) list (2025 supporting documents): The FDA maintains a running list of cleared 510(k) submissions for 2025 (useful to find other MRI-system or MRI-software clearances issued during 2025).

Mergers & Acquisitions (2025):

✅ Function Health acquires Ezra (May 5, 2025) - whole-body MRI start-up Ezra was acquired by Function Health; the combined company announced rollouts of a dramatically lower-cost, AI-accelerated full-body MRI exam (22-minute, ~$499 offering) and integration with Function's lab/testing services. Deal terms were not disclosed. Multiple press releases and industry outlets covered the May 2025 deal.

✅ (Notes: many other small M&A moves in 2025 involved imaging-software and AI firms that integrate with MRI workflows; large OEM M&A activity directly targeting core MRI magnet/system makers was limited in public reporting through mid/late-2025.)

Regulatory Approvals (2025):

✅ AI & software approvals for MRI workflows continued to rise - 2025 saw several AI reconstruction, acceleration, and analytic software 510(k) clearances (example: Philips' SmartSpeed Precise). The FDA's 510(k) supporting-document list is the canonical place to find individual AI/software clearances tied to MRI.

✅ Trend: helium-reduction / energy-efficiency claims validated by regulators - Siemens' helium-free Magnetom Flow family exemplifies a regulatory-cleared shift toward helium-independent MRI designs in 2025. Regulators accepted the substantial-equivalence filings supporting those designs.

Major Key Players:

Siemens Healthiness
GE HealthCare
Philips Healthcare
Canon Medical Systems
Fujifilm Healthcare
United Imaging Healthcare
Mediso Ltd
IMRIS Imaging, Inc.

Segments Covered in the MRI Systems Market:

By Product Type: Closed MRI Systems, Open MRI Systems.

By Strength: Less than 0.5T, 1.5T, 3T, Greater than 3T.

By Application: Neurological, Musculoskeletal, Cardiovascular, Abdominal & Pelvic, Breast, Others.

By End User: Hospitals, Imaging Centers, Ambulatory Surgical Centers.

Regional Analysis for MRI Systems Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, MRI Systems market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global MRI Systems Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global MRI Systems market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the MRI Systems Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of MRI Systems market?

➠ Who are the global key manufacturers of the MRI Systems Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the MRI Systems market opportunities and threats faced by the vendors in the global MRI Systems Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the MRI Systems market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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