Cardiac Magnetic Resonance Imaging(MRI) Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.4 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
During this time frame, the market experienced a steady growth trajectory driven by several factors. The global increase in cardiovascular diseases and the demand for precise diagnostic tools significantly contributed to the rise in cardiac MRI procedures. Furthermore, MRI machines became more accessible and cost-effective due to advances in manufacturing technology and the introduction of mobile MRI units. This period also witnessed greater adoption of MRI in both emerging markets and developed economies. The use of MRI for early detection of heart diseases helped reduce healthcare costs and improve patient outcomes, making it an attractive option for healthcare providers.
However, looking ahead to the period between 2023 and 2033, the demand for cardiac MRI is expected to rise even further. Several factors contribute to this projected growth, including the increasing global burden of cardiovascular diseases, the adoption of advanced imaging techniques like 3D cardiac MRI, and the integration of AI and machine learning into diagnostic practices. The market is also anticipated to expand due to increasing healthcare investments in emerging markets like Asia-Pacific, particularly in countries such as China and India, where healthcare infrastructure is improving.
Moreover, the increasing focus on preventive healthcare and the rise of personalized medicine are likely to drive further growth in cardiac MRI technology. Hospitals and diagnostic centers will continue to invest in state-of-the-art MRI systems, offering enhanced capabilities for diagnosing complex cardiac conditions. As technology continues to improve, future MRI systems are expected to offer even higher resolution, faster scan times, and more precise diagnostic capabilities, increasing their utility in both clinical and research settings.
Get an In-Depth Research Analysis of the Global Cardiac Magnetic Resonance Imaging(MRI) Market Size And Forecast [2025-2032]
The Cardiac Magnetic Resonance Imaging (MRI) market has seen significant developments between 2018 and 2022, influenced by technological advancements and increasing demand for non-invasive diagnostic tools in cardiology. MRI offers high-resolution images of the heart and surrounding structures, enabling clinicians to assess heart function, detect abnormalities, and plan treatments with accuracy. The period from 2018 to 2022 saw a steady rise in MRI adoption due to the growing prevalence of cardiovascular diseases, an aging population, and advancements in imaging technology. Notably, the integration of AI in cardiac imaging and the push toward personalized medicine helped fuel market growth, making cardiac MRI an essential tool in clinical practice.
Â
General Electric Company
Philips Healthcare
Medtronic
Koninklijke Philips N.V
Siemens Healthcare Private Limited
Hitachi Medical Systems
Canon Medical
Aurora Imaging Technologies Inc
Esaote SpA
Sanrad Medical Systems Pvt. Ltd Inc
General Electric Company
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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.
Get Discount On The Purchase of the Global Cardiac Magnetic Resonance Imaging(MRI) Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Cardiac Magnetic Resonance Imaging(MRI) Market
Hospitals
Diagnostics Laboratories
Diagnostic Imaging Centers
Based on Types the Market is categorized into Below types that held the largest Cardiac Magnetic Resonance Imaging(MRI) market share In 2023.
Closed System
Opened System
Global (United States, Global 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)
For More Information or Query, Visit @ Cardiac Magnetic Resonance Imaging(MRI) Market Research Analysis
1. Introduction of the Global Cardiac Magnetic Resonance Imaging(MRI) 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 Cardiac Magnetic Resonance Imaging(MRI) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cardiac Magnetic Resonance Imaging(MRI) Market, By Type
6. Global Cardiac Magnetic Resonance Imaging(MRI) Market, By Application
7. Global Cardiac Magnetic Resonance Imaging(MRI) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cardiac Magnetic Resonance Imaging(MRI) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/