Advanced MRI Technologies to Drive the Global Magnetic Resonance Imaging (MRI) Equipment Market to Surpass $10 billion by 2030

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A new report from Industry Experts Inc, on "Magnetic Resonance Imaging (MRI) Equipment," is released. According to this global market research report, estimated at US$7.6 billion in 2024, the global MRI Equipment market is projected to reach US$10.8 billion by 2030, growing at a CAGR of 6% between 2024 and 2030.

The Magnetic Resonance Imaging (MRI) Equipment market growth is propelled by the rising incidence of chronic illnesses, such as cancer, neurological conditions, and cardiovascular diseases, which require sophisticated imaging methods for precise diagnosis and treatment tracking. MRI devices are essential for their capability to deliver detailed, high-resolution images without ionizing radiation methods and make them specifically valuable for soft tissue evaluation in fields like neurology and oncology. Growing healthcare awareness and the adoption of advanced MRI technologies, including high & very high-field MRI systems (>3T to 7T) and ultra-high-field MRI systems (>7T), improve imaging accuracy and drive market expansion.

North America dominates the global MRI equipment market, capturing a 41.9% share in 2024, driven by the increased prevalence of chronic diseases such as cancer, cardiovascular disorders, and neurological conditions. The region benefits from advanced healthcare infrastructure, early diagnosis practices, and robust support for medical research, supported by government funding and health insurance coverage. In this region, advanced MRI technologies, including multi-modality systems, are widely adopted in hospitals and specialized centers despite challenges like claustrophobia and implant interference.


The market for MRI equipment analyzed in this report on a global basis covering all major regions including North America (The United States, Canada, and Mexico), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World.

The study analyzes the global market for MRI equipment with respect to Architecture – Closed MRI systems and Open MRI systems; Field Strength – Low-to-Mid-Field MRI Systems (<1.5T to 3T), High & Very-High-Field MRI Systems (>3T to 7T) and Ultra-High-Field MRI Systems (>7T); Application – Brain and Neurology, Spine and Musculoskeletal, Breast, Cardiology, Vascular, Abdominal and Other Applications (Including Inflammatory & Infectious Diseases, Gastroenterology, Obstructive Sleep Apnea [OSA], Body Imaging, and others); and End-User – Hospitals, Diagnostic Imaging Centers and Other End-Users (Including Research Institutions, Specialty Clinics, and Ambulatory Surgical Centers).

About Industry Experts, Inc
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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