Magnetic Resonance Imaging Apparatus Market size is estimated to be USD 4.5 Billion in 2024 and is expected to reach USD 7.2 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The global Magnetic Resonance Imaging (MRI) apparatus market was valued at approximately USD 6.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030. This growth is driven by increasing demand for early disease diagnosis, rising incidence of chronic illnesses, and technological advancements in imaging technologies. North America accounted for the largest share of the global market in 2022, with a valuation exceeding USD 2.1 billion, attributed to the widespread adoption of high end healthcare infrastructure and frequent use of MRI systems in diagnostic procedures. Europe followed as the second largest region, with a market value of over USD 1.7 billion, benefiting from government support for healthcare innovation and increased aging population. The Asia Pacific region is emerging as the fastest growing market, valued at approximately USD 1.3 billion in 2022, driven by improving healthcare systems, expanding middle class population, and growing awareness about diagnostic imaging benefits.
Opportunities in the global MRI apparatus market are expanding with the rising prevalence of neurological and orthopedic conditions, encouraging higher investments in advanced imaging solutions. The growing popularity of open MRI systems, which offer comfort for claustrophobic and pediatric patients, is expected to boost demand, particularly in emerging regions. Latin America and the Middle East & Africa markets are poised for moderate growth, supported by expanding access to medical imaging technologies and government healthcare reforms. Moreover, the integration of artificial intelligence and machine learning with MRI diagnostics is opening avenues for enhanced image analysis, workflow automation, and predictive diagnostics, creating future potential in both developed and developing economies. As hospitals and imaging centers continue to upgrade their diagnostic capabilities, the demand for high field MRI systems and portable MRI scanners is likely to increase significantly in the coming years.
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GE
Medtronic
Siemens
Philips
Toshiba
BASDA
Hitachi
Esaote
Paramed
Neusoft
GE
Anke
Kampo
Wandong
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Magnetic Resonance Imaging Apparatus Market
Closed MRI Systems
Open MRI Systems
Extremity MRI Systems
Low-Field MRI (0.2T to 0.5T)
Mid-Field MRI (0.5T to 1.0T)
High-Field MRI (1.0T to 3.0T)
Very High-Field MRI (3.0T and above)
Neurology
Orthopedics
Cardiology
Oncology
Musculoskeletal
Others
Hospitals
Diagnostic Centers
Ambulatory Surgical Centers
Research Institutes
Hardware
Software
Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Magnetic Resonance Imaging Apparatus Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Magnetic Resonance Imaging Apparatus Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Magnetic Resonance Imaging Apparatus Market, By Type
6. Global Magnetic Resonance Imaging Apparatus Market, By Application
7. Global Magnetic Resonance Imaging Apparatus Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Magnetic Resonance Imaging Apparatus Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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