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US Magnetic Resonance Imaging Systems Market

ID: MRFR/MED/14518-HCR
100 Pages
Rahul Gotadki
October 2025

US Magnetic Resonance Imaging Systems Market Research Report By Technology (Closed MRI Systems, Open MRI Systems, Functional MRI Systems, High-Field MRI Systems), By Application (Oncology, Neurology, Cardiology, Musculoskeletal Imaging, Gastrointestinal Imaging), By End Use (Hospitals, Diagnostic Imaging Centers, Research Institutes, Ambulatory Surgical Centers) and By Field Strength (Low-Field MRI Systems, Mid-Field MRI Systems, High-Field MRI Systems) - Forecast to 2035

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US Magnetic Resonance Imaging Systems Market Summary

As per MRFR analysis, the US magnetic resonance-imaging-systems market size was estimated at 1863.25 USD Million in 2024. The US magnetic resonance-imaging-systems market is projected to grow from 1963.68 USD Million in 2025 to 3319.99 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 5.39% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US magnetic resonance-imaging-systems market is poised for growth driven by technological advancements and increasing demand for non-invasive diagnostics.

  • Technological advancements in MRI systems are enhancing imaging quality and patient comfort.
  • The demand for non-invasive diagnostics is rising, leading to increased adoption of MRI technology.
  • The largest segment in the market is the high-field MRI systems, while the fastest-growing segment is the open MRI systems.
  • Key market drivers include the rising prevalence of chronic diseases and the growing investment in healthcare infrastructure.

Market Size & Forecast

2024 Market Size 1863.25 (USD Million)
2035 Market Size 3319.99 (USD Million)

Major Players

Siemens Healthineers (DE), GE Healthcare (US), Philips Healthcare (NL), Canon Medical Systems (JP), Hitachi Medical Systems (JP), Fujifilm Medical Systems (JP), Bruker Corporation (US), Esaote S.p.A. (IT)

US Magnetic Resonance Imaging Systems Market Trends

The magnetic resonance-imaging-systems market is currently experiencing notable advancements. These advancements are driven by technological innovations and an increasing demand for non-invasive diagnostic tools. The integration of artificial intelligence and machine learning into imaging systems enhances image quality and reduces scanning times, thereby improving patient outcomes. Furthermore, the growing prevalence of chronic diseases necessitates more efficient diagnostic methods, which magnetic resonance imaging (MRI) provides. As healthcare providers seek to optimize their services, the adoption of advanced MRI systems is likely to rise, reflecting a shift towards precision medicine and personalized healthcare solutions. In addition, the magnetic resonance-imaging-systems market is influenced by regulatory changes and reimbursement policies that may affect the accessibility and affordability of these technologies. The emphasis on cost-effective healthcare solutions suggests that manufacturers will need to focus on developing systems that not only meet clinical needs but also align with budgetary constraints faced by healthcare facilities. As the market evolves, collaboration between technology developers and healthcare providers could foster innovations that address both clinical and economic challenges, ultimately enhancing the overall healthcare landscape.

Technological Advancements

Recent innovations in magnetic resonance imaging technology, such as high-field MRI systems and portable devices, are transforming diagnostic capabilities. These advancements enable clearer images and faster processing times, which may lead to improved patient care and satisfaction.

Increased Demand for Non-Invasive Diagnostics

The rising preference for non-invasive diagnostic methods is driving growth in the magnetic resonance-imaging-systems market. As patients and healthcare providers prioritize safety and comfort, MRI's ability to provide detailed images without radiation exposure is becoming increasingly appealing.

Regulatory and Reimbursement Changes

Ongoing changes in healthcare regulations and reimbursement policies are likely to impact the magnetic resonance-imaging-systems market. Manufacturers may need to adapt their strategies to ensure compliance and affordability, which could influence the adoption rates of new technologies.

US Magnetic Resonance Imaging Systems Market Drivers

Rising Prevalence of Chronic Diseases

The increasing incidence of chronic diseases such as cancer, cardiovascular disorders, and neurological conditions is a primary driver for the magnetic resonance-imaging-systems market. As healthcare providers seek advanced diagnostic tools to improve patient outcomes, the demand for MRI systems is expected to rise. According to recent data, chronic diseases account for approximately 70% of all deaths in the US, highlighting the urgent need for effective diagnostic solutions. This trend is likely to propel investments in MRI technology, as hospitals and clinics aim to enhance their diagnostic capabilities. Furthermore, the aging population, which is more susceptible to these conditions, is anticipated to further boost the demand for MRI systems, thereby shaping the future landscape of the magnetic resonance-imaging-systems market.

Expansion of Outpatient Imaging Centers

The expansion of outpatient imaging centers is emerging as a significant driver for the magnetic resonance-imaging-systems market. These facilities offer convenient access to diagnostic imaging services, catering to the increasing demand for non-invasive procedures. As patients seek alternatives to traditional hospital settings, outpatient centers are likely to proliferate, necessitating the acquisition of advanced MRI systems. Recent data indicates that the outpatient imaging market is expected to grow at a CAGR of over 5% in the coming years. This trend not only enhances patient access to MRI services but also stimulates competition among providers, ultimately benefiting the magnetic resonance-imaging-systems market.

Technological Integration in Healthcare

The integration of advanced technologies such as artificial intelligence (AI) and machine learning into MRI systems is transforming the magnetic resonance-imaging-systems market. These innovations enhance image quality, reduce scan times, and improve diagnostic accuracy. For instance, AI algorithms can assist radiologists in identifying anomalies, potentially increasing the efficiency of MRI procedures. The market for AI in medical imaging is projected to grow significantly, with estimates suggesting a compound annual growth rate (CAGR) of over 30% in the coming years. This technological evolution not only improves patient care but also drives the adoption of MRI systems across various healthcare settings, indicating a robust growth trajectory for the magnetic resonance-imaging-systems market.

Increased Focus on Early Disease Detection

The heightened emphasis on early disease detection and preventive healthcare is driving the magnetic resonance-imaging-systems market. As healthcare providers recognize the importance of early diagnosis in improving treatment outcomes, the demand for advanced imaging technologies, including MRI, is expected to rise. Studies suggest that early detection can significantly reduce treatment costs and improve survival rates for various conditions. This shift towards proactive healthcare is likely to encourage investments in MRI systems, as they play a vital role in identifying diseases at their nascent stages. The magnetic resonance-imaging-systems market is thus positioned to benefit from this growing trend, as healthcare systems prioritize early intervention strategies.

Growing Investment in Healthcare Infrastructure

The ongoing investment in healthcare infrastructure in the US is a crucial driver for the magnetic resonance-imaging-systems market. As hospitals and diagnostic centers expand and upgrade their facilities, the demand for state-of-the-art imaging equipment, including MRI systems, is likely to increase. Recent reports indicate that healthcare spending in the US is projected to reach $6 trillion by 2027, with a significant portion allocated to medical imaging technologies. This influx of capital is expected to facilitate the acquisition of advanced MRI systems, thereby enhancing diagnostic capabilities and improving patient outcomes. Consequently, the magnetic resonance-imaging-systems market is poised for substantial growth as healthcare providers respond to the evolving needs of the population.

Market Segment Insights

By Technology: Closed MRI Systems (Largest) vs. High-Field MRI Systems (Fastest-Growing)

In the US magnetic resonance-imaging-systems market, the distribution among the segment values reveals that Closed MRI Systems hold the largest share, favored for their ability to produce high-quality images and versatility in diagnosis. Open MRI Systems, while experiencing steady demand, occupy a smaller portion due to the limitations in resolution compared to their closed counterparts. Functional MRI Systems continue to gain prominence, particularly in research settings, yet do not match the market presence of closed systems. High-Field MRI Systems are quickly capturing attention, representing an emerging segment with significant potential for growth as advancements enhance imaging capabilities. The growth trends in this segment reflect increased demand for better diagnostic tools, with Closed MRI Systems leading the way due to their established reliability and widespread usage in hospitals. High-Field MRI Systems are recognized as the fastest-growing segment, driven by technological innovations that improve patient comfort and image clarity. Functional MRI Systems are increasingly being utilized in neurological studies, propelling their growth, while Open MRI Systems strive to carve out their niche by catering to patients with claustrophobia. Overall, technological advancements and evolving healthcare needs are pivotal in shaping the growth trajectory of these segments.

Technology: Closed MRI Systems (Dominant) vs. High-Field MRI Systems (Emerging)

Closed MRI Systems are the dominant player in the US magnetic resonance-imaging-systems market, widely recognized for their ability to produce clear and detailed images crucial for accurate diagnosis. Their design accommodates a variety of medical conditions, making them a preferred choice among healthcare providers. In contrast, High-Field MRI Systems are emerging as a significant segment, leveraging advanced technologies that provide enhanced imaging capabilities and faster scan times. They cater to specialized applications, especially in oncology and neurology, where precision is paramount. With increasing investments in healthcare infrastructure and ongoing research in imaging technologies, the future looks promising for both Closed and High-Field MRI Systems as they adapt to meet the evolving demands of the medical industry.

By Application: Oncology (Largest) vs. Neurology (Fastest-Growing)

The market distribution among the various applications in the US magnetic resonance-imaging-systems market reveals that oncology holds the largest share, primarily due to the increasing prevalence of cancer and the rising demand for advanced imaging technologies. Neurology, meanwhile, has emerged as a significant area with rapid growth due to the increasing incidence of neurological disorders and innovations in imaging technologies that enhance diagnostic accuracy. Growth trends in the US magnetic resonance-imaging-systems market reflect a robust upward trajectory, particularly driven by advancements in MRI technology. The oncology segment's dominance is supported by growing investments in cancer research and awareness initiatives, while neurology is bolstered by an aging population and an increase in conditions like Alzheimer's and strokes. These factors are crucial in shaping the competitive landscape of the market.

Oncology (Dominant) vs. Neurology (Emerging)

Oncology stands out as the dominant application segment in the US magnetic resonance-imaging-systems market, characterized by its extensive utilization in cancer diagnostics and treatment planning. With advanced imaging capabilities, MRI systems in oncology provide critical insights that aid in early detection and treatment monitoring. In contrast, neurology is regarded as an emerging segment, showcasing the fastest growth due to rising awareness and increased funding for neurological research. Neurological imaging is becoming crucial in diagnosing complex conditions, making it a vital area of focus for technological advancements. As healthcare institutions prioritize imaging solutions that enhance patient outcomes, both oncology and neurology are positioned to lead the market.

By End Use: Hospitals (Largest) vs. Diagnostic Imaging Centers (Fastest-Growing)

In the US magnetic resonance-imaging-systems market, hospitals represent the largest segment, commanding a substantial share of system installations and usage due to their comprehensive healthcare services. Diagnostic imaging centers follow closely, contributing significantly to the service mix and offering specialized imaging options for outpatient care, reflecting a growing trend in patient convenience and accessibility. Growth in this segment is driven by advancements in MRI technology, increasing demand for diagnostic imaging, and a shift towards outpatient care models. Hospitals continue to invest in advanced imaging systems to enhance patient care, while diagnostic imaging centers are emerging rapidly, benefiting from the trend towards specialized, efficient healthcare services and technological innovation that allows for superior imaging quality.

Hospitals: Dominant vs. Diagnostic Imaging Centers: Emerging

Hospitals remain the dominant segment in the US magnetic resonance-imaging-systems market, primarily because they provide a broad range of medical services and need advanced imaging capabilities for various diagnoses and treatments. Their large patient volumes justify substantial investments in MRI systems. In contrast, diagnostic imaging centers represent an emerging segment, catering to patients who require imaging services without hospitalization. These centers leverage technological advancements to offer innovative, efficient, and cost-effective imaging solutions, attracting a growing patient base focused on convenience and rapid service. The competitive landscape illustrates how both segments are adapting to meet evolving healthcare demands.

By Field Strength: High-Field MRI Systems (Largest) vs. Low-Field MRI Systems (Fastest-Growing)

In the US magnetic resonance-imaging-systems market, High-Field MRI Systems dominate the segment with a substantial market share, driven by their superior imaging quality and preferred usage in advanced diagnostic procedures. Conversely, Low-Field MRI Systems are witnessing a surge in adoption, particularly in outpatient settings and smaller imaging centers, primarily due to their cost-effectiveness and patient comfort. The growth trends in this segment are notable, as advancements in technology and increased investments in healthcare infrastructure pave the way for Mid-Field and Low-Field MRI Systems. The rising demand for portable and accessible imaging solutions enhances the appeal of Low-Field units, while High-Field MRI Systems continue to lead in specialized environments due to their exceptional performance and resolution capabilities.

High-Field MRI Systems (Dominant) vs. Low-Field MRI Systems (Emerging)

High-Field MRI Systems stand as the dominant force within the segment, renowned for their ability to provide high-resolution images crucial for intricate medical evaluations. These systems are preferred in hospitals where advanced diagnostic assistance is paramount. On the other hand, Low-Field MRI Systems are emerging as a popular choice in many outpatient facilities due to their affordability and ease of installation. They cater well to patients who may experience discomfort in traditional systems, thus boosting their usage in routine imaging applications. This comparative dynamic positions Low-Field Systems as versatile and adaptive to changing healthcare demands, while High-Field Systems maintain their foothold in high-stakes clinical environments.

Get more detailed insights about US Magnetic Resonance Imaging Systems Market

Key Players and Competitive Insights

The magnetic resonance-imaging-systems market is characterized by a dynamic competitive landscape, driven by technological advancements and increasing demand for diagnostic imaging. Key players such as Siemens Healthineers (DE), GE Healthcare (US), and Philips Healthcare (NL) are at the forefront, each adopting distinct strategies to enhance their market positioning. Siemens Healthineers (DE) emphasizes innovation through the development of advanced imaging technologies, while GE Healthcare (US) focuses on expanding its product portfolio and enhancing customer service. Philips Healthcare (NL) appears to be concentrating on digital transformation and integrated solutions, which collectively shape a competitive environment that is increasingly reliant on technological differentiation and customer-centric approaches.

In terms of business tactics, companies are localizing manufacturing and optimizing supply chains to enhance operational efficiency. The market structure is moderately fragmented, with several key players exerting considerable influence. This fragmentation allows for a variety of competitive strategies, as companies seek to carve out niches in specific segments of the market, such as high-field MRI systems or portable imaging solutions.

In October 2025, Siemens Healthineers (DE) announced the launch of its latest MRI system, which integrates artificial intelligence to improve imaging accuracy and reduce scan times. This strategic move not only reinforces Siemens' commitment to innovation but also positions the company to meet the growing demand for faster and more precise diagnostic tools. The integration of AI is likely to enhance the user experience and streamline workflows in clinical settings, thereby increasing the system's appeal to healthcare providers.

In September 2025, GE Healthcare (US) revealed a partnership with a leading telehealth provider to enhance remote diagnostic capabilities. This collaboration aims to leverage telemedicine trends, allowing healthcare professionals to access MRI results remotely. Such a strategic alliance indicates GE's recognition of the shifting landscape towards digital health solutions, potentially expanding its market reach and improving patient outcomes through timely diagnostics.

In August 2025, Philips Healthcare (NL) launched a new initiative focused on sustainability, introducing eco-friendly MRI systems designed to reduce energy consumption and waste. This move aligns with global trends towards environmental responsibility and positions Philips as a leader in sustainable healthcare technology. The emphasis on sustainability may resonate well with healthcare institutions increasingly prioritizing eco-friendly practices, thus enhancing Philips' competitive edge.

As of November 2025, the competitive trends in the magnetic resonance-imaging-systems market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming pivotal, as companies collaborate to enhance their technological capabilities and market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, advanced technology, and reliable supply chains. This shift suggests that companies that prioritize these aspects will be better positioned to thrive in an increasingly complex and demanding market.

Key Companies in the US Magnetic Resonance Imaging Systems Market market include

Industry Developments

The US Magnetic Resonance Imaging Systems Market has witnessed significant developments recently, particularly in technological advancements and mergers and acquisitions. In October 2023, Siemens Healthineers announced the launch of a new MRI system aimed at improving imaging quality while reducing scan times, which reflects the market's push towards efficiency and patient comfort. Additionally, in September 2023, Philips pursued a strategic partnership with a leading health technology firm to enhance its MRI capabilities, reinforcing its competitive edge in the market.

Hologic expanded its product offering with the introduction of innovative imaging solutions focused on women's health, showcasing the growing trend towards specialized imaging systems. In terms of acquisitions, GE Healthcare completed the acquisition of a medical imaging startup in August 2023, emphasizing its commitment to advancing MRI technology and integrating artificial intelligence into imaging processes.

The market has experienced robust growth, driven by an increasing demand for advanced imaging technologies in hospitals and diagnostic centers, as reported by the American College of Radiology, highlighting a continuous investment trend in MRI systems among leading companies like Canon Medical Systems, Neusoft Medical Systems, and Fujifilm.

Overall, the ongoing advancements and collaborations reflect a dynamic landscape within the US Magnetic Resonance Imaging Systems Market.

Future Outlook

US Magnetic Resonance Imaging Systems Market Future Outlook

The Magnetic Resonance Imaging Systems Market is projected to grow at a 5.39% CAGR from 2024 to 2035, driven by technological advancements, increasing healthcare expenditure, and rising demand for diagnostic imaging.

New opportunities lie in:

  • Development of AI-driven imaging software for enhanced diagnostic accuracy.
  • Expansion of mobile MRI units to reach underserved areas.
  • Partnerships with telehealth platforms for remote imaging consultations.

By 2035, the market is expected to achieve robust growth, positioning itself as a leader in diagnostic imaging solutions.

Market Segmentation

US Magnetic Resonance Imaging Systems Market End Use Outlook

  • Hospitals
  • Diagnostic Imaging Centers
  • Research Institutes
  • Ambulatory Surgical Centers

US Magnetic Resonance Imaging Systems Market Technology Outlook

  • Closed MRI Systems
  • Open MRI Systems
  • Functional MRI Systems
  • High-Field MRI Systems

US Magnetic Resonance Imaging Systems Market Application Outlook

  • Oncology
  • Neurology
  • Cardiology
  • Musculoskeletal Imaging
  • Gastrointestinal Imaging

US Magnetic Resonance Imaging Systems Market Field Strength Outlook

  • Low-Field MRI Systems
  • Mid-Field MRI Systems
  • High-Field MRI Systems

Report Scope

MARKET SIZE 2024 1863.25(USD Million)
MARKET SIZE 2025 1963.68(USD Million)
MARKET SIZE 2035 3319.99(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 5.39% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled ["Siemens Healthineers (DE)", "GE Healthcare (US)", "Philips Healthcare (NL)", "Canon Medical Systems (JP)", "Hitachi Medical Systems (JP)", "Fujifilm Medical Systems (JP)", "Bruker Corporation (US)", "Esaote S.p.A. (IT)"]
Segments Covered Technology, Application, End Use, Field Strength
Key Market Opportunities Advancements in artificial intelligence enhance diagnostic capabilities in the magnetic resonance-imaging-systems market.
Key Market Dynamics Technological advancements drive competitive dynamics in the magnetic resonance-imaging-systems market, enhancing diagnostic capabilities and efficiency.
Countries Covered US

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FAQs

What is the expected market size of the US Magnetic Resonance Imaging Systems Market in 2024?

The market size of the US Magnetic Resonance Imaging Systems Market is expected to be valued at 2.05 billion USD in 2024.

What will the market size be in 2035 for the US Magnetic Resonance Imaging Systems Market?

By 2035, the US Magnetic Resonance Imaging Systems Market is projected to reach a value of 3.45 billion USD.

What is the expected CAGR for the US Magnetic Resonance Imaging Systems Market from 2025 to 2035?

The expected CAGR for the US Magnetic Resonance Imaging Systems Market from 2025 to 2035 is 4.846 percent.

Which technology segment holds the largest market share in 2024?

In 2024, the Closed MRI Systems segment is valued at 0.85 billion USD, making it the largest technology segment.

What is the market value of Open MRI Systems in 2035?

The market value of Open MRI Systems is projected to be 0.8 billion USD in 2035.

Who are the key players in the US Magnetic Resonance Imaging Systems Market?

Key players in the market include Siemens Healthineers, GE Healthcare, Philips, and Hologic among others.

What is the forecasted market size for Functional MRI Systems in 2035?

The forecasted market size for Functional MRI Systems in 2035 is expected to be 0.65 billion USD.

What challenges are faced by the US Magnetic Resonance Imaging Systems Market?

The market faces challenges such as high initial costs and the need for technological advancements.

What growth drivers are influencing the US Magnetic Resonance Imaging Systems Market?

The growth drivers include the increasing prevalence of chronic diseases and technological advancements in imaging systems.

What is the value of High-Field MRI Systems in 2024?

In 2024, the value of High-Field MRI Systems is estimated at 0.4 billion USD.

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