The global market for MR equipment is expected to grow from $7.6 billion in 2024 to $10.8 billion by 2030, according to a new report from ResearchAndMarkets.com.

The projected 6% compound annual growth rate is attributed to the increasing prevalence of chronic diseases, advancements in imaging technology, and rising healthcare awareness worldwide.

North America currently leads the MR equipment market, driven by a developed healthcare infrastructure and higher rates of chronic disease. However, the Asia-Pacific region is anticipated to see the fastest growth over the forecast period, fueled by improvements in healthcare facilities and an expanding elderly population.
Closed MR systems continue to dominate the market, though open MR systems are gaining popularity for their accessibility by patients with claustrophobia or pediatric needs. High-field MR systems are also seeing increased demand due to their enhanced image resolution, which is critical for detailed diagnostic imaging.

Among applications, brain and neurology imaging remains the largest segment, given the critical need for neurological diagnostics. Breast imaging is expected to experience significant growth, supported by higher breast cancer incidence rates and improvements in MR technology.

Hospitals represent the largest end-user group for MR systems, although diagnostic imaging centers are poised for notable expansion, particularly in emerging economies where the demand for noninvasive diagnostics is rising.

The report analyzes the MR equipment market across multiple dimensions, including system architecture, field strength, application areas, and end-user categories. Companies highlighted in the report include GE Healthcare, Siemens Healthineers AG, Koninklijke Philips N.V., Fujifilm Holdings Corporation, Canon Medical Systems Corporation, and Bruker Corporation, among others.

The full report, "Magnetic Resonance Imaging (MRI) Equipment – A Global Market Overview," is available through ResearchAndMarkets.com.

MRI Homepage