MRI Systems Market Forecast: $9.68 Billion by 2031 – MarketsandMarkets™

Delray Beach, FL, Sept. 09, 2026 (GLOBE NEWSWIRE) -- MarketsandMarkets™ projects the global MRI systems market will grow from USD 6.88 billion in 2026 to USD 9.68 billion by 2031, at a CAGR of 7.0% during the forecast period. Market growth is fueled by the increasing prevalence of neurological and musculoskeletal disorders, expanding geriatric population, growing incidence of chronic diseases such as cancer, increasing awareness regarding preventive healthcare, and regulatory support for innovation and favorable reimbursement policies.

Get PDF Brochure - Market Data & Segmentation: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=99

Key Market Highlights

Market size, 2026: USD 6.88 billion
Market forecast, 2031: USD 9.68 billion
Growth rate: CAGR of 7.0%
Largest architecture segment: Closed MRI systems
Largest design segment: Fixed/stationary MRI systems
Fastest growth opportunity: Brain & neurological MRI
Key players: Siemens Healthineers (Germany), GE HealthCare (US), Koninklijke Philips N.V. (Netherlands), FUJIFILM Corporation (Japan), Canon Inc. (Japan)

Why This Market Matters

The MRI systems market is expanding as the global prevalence of neurological and musculoskeletal disorders continues to increase alongside a growing aging population and rising incidence of chronic diseases. MRI plays an essential role in diagnosing neurological conditions, musculoskeletal disorders, cancer, cardiovascular diseases, and other complex medical conditions. Increasing awareness regarding preventive healthcare is also shifting imaging utilization from symptom-driven diagnosis toward earlier, risk-based screening, increasing scan volumes across hospitals and diagnostic centers. Supportive regulatory policies, reimbursement improvements, and the expansion of MRI applications into intensive care and emergency/trauma settings are further supporting market growth.

Market Overview

The MRI systems market is witnessing sustained growth as hospitals, diagnostic imaging centers, and specialty clinics invest in advanced imaging technologies to address increasing diagnostic demand. The market encompasses conventional, advanced, and specialty MRI applications, supported by innovations in AI-enabled image reconstruction, faster scan workflows, helium-free MRI technologies, and portable or specialty MRI systems. Increasing healthcare accessibility, rising healthcare expenditure, growing diagnostic imaging capacity, and the expansion of imaging centers across emerging economies are further contributing to market expansion.

Analyst Perspective

The MRI industry is moving beyond conventional diagnostic imaging toward intelligent, efficient, and patient-focused imaging ecosystems. Manufacturers are increasingly integrating AI-enabled image reconstruction, automated workflow tools, helium-free technologies, faster scanning protocols, and specialized applications into their MRI portfolios. The growing demand for pediatric MRI, emergency imaging, preventive screening, and advanced neurological applications is creating new opportunities for MRI system manufacturers. Companies that successfully combine advanced imaging capabilities with reduced operating costs, workflow automation, and patient-friendly technologies are expected to strengthen their competitive positions over the coming years.

Speak to Our Analyst - Get Custom Insights: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=99

Segment Analysis

By architecture, the MRI systems market is segmented into open MRI systems and closed MRI systems. In 2025, the closed MRI systems segment accounted for the largest market share. This dominance is attributed to the excellent image quality offered by wide-bore MRI systems and the introduction of new products by key market players. Closed MRI systems are considered the industry standard because of their high efficiency, superior image quality, and increased throughput resulting from stronger magnetic field strengths.

By design, the fixed/stationary MRI systems segment accounted for the largest market share in 2025. This segment's dominance can be attributed to its superior image quality, full-body scanning capabilities, enhanced workflow efficiency, and long-term cost-effectiveness. Fixed MRI systems typically operate at magnetic field strengths of 1.5T or 3T, providing high-resolution images with excellent soft tissue contrast. These systems also support higher patient throughput and integration with Picture Archiving and Communication Systems (PACS) and AI-driven analytics.

Regional Analysis

Asia Pacific is experiencing rapid growth, particularly in China, India, and Southeast Asia, driven by faster adoption of advanced imaging technologies, mobile and portable MRI systems, and AI-enabled workflows. The region's large patient population and increasing prevalence of chronic diseases, neurological disorders, and cancer are creating higher demand for advanced diagnostic imaging. Lower labor costs, rising capital expenditures by hospitals, increasing healthcare applications, favorable funding environments, rapid growth of the elderly population, and the establishment of diagnostic imaging centers are also contributing to regional market expansion.

Key Industry Trends

Increasing adoption of AI-enabled MRI workflows and image reconstruction
Growing development of helium-free MRI systems
Rising demand for faster and more efficient MRI scanning workflows
Expansion of pediatric and specialty MRI applications
Increasing adoption of mobile and portable MRI systems
Growing use of MRI for preventive and risk-based healthcare screening
Expansion of MRI applications into emergency, trauma, and intensive care settings

Competitive Landscape

The competitive landscape of the MRI systems market is led by established global companies including Siemens Healthineers (Germany), GE HealthCare (US), Koninklijke Philips N.V. (Netherlands), FUJIFILM Corporation (Japan), Canon Inc. (Japan), Fonar Corporation (US), Esaote S.p.A (Italy), Shanghai United Imaging Healthcare Co., Ltd (China), Aspect Imaging Ltd. (US), and Time Medical Holding (Hong Kong).

Key manufacturers are investing heavily in research and development, focusing on helium-free designs, AI-enabled image reconstruction, faster scan workflows, and portable or specialty MRI applications. Siemens Healthineers is strengthening its portfolio through virtually helium-free MRI platforms such as MAGNETOM Flow and MAGNETOM Free, along with AI-based technologies including Deep Resolve, myExam Assist, and myExam Autopilot. GE HealthCare is advancing its helium-free MRI strategy through Freelium and expanding its portfolio with SIGNA Sprint, SIGNA Bolt, and SIGNA One. Philips is focusing strongly on helium-free MRI through its BlueSeal platform and BlueSeal Horizon 3.0T innovation.

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.