Magnetic Resonance Imaging Market Projected to Touch USD 12.85 Billion by 2034, Growing at a CAGR of 6.3%

BySheetal Gajbhiye

Magnetic Resonance Imaging Market Analysis: Opportunities, Innovations, and Growth Potential Through 2034

Global Magnetic Resonance Imaging Market size and share is currently valued at USD 6.98 billion in 2024 and is anticipated to generate an estimated revenue of USD 12.85 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034

Market Definition:

The magnetic resonance imaging (MRI) market consists of medical imaging systems that use magnetic fields and radio waves to generate detailed anatomical images. MRI is widely used for non-invasive diagnostics of brain, spine, joints, and internal organs. It offers high-resolution images without exposure to ionizing radiation.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:

https://www.polarismarketresearch.com/industry-analysis/magnetic-resonance-imaging-market/request-for-sample 

Key Report Highlights :

  • The report highlights the key region that accounts for the highest revenue share in the global Magnetic Resonance Imaging Market.
  • It identifies the leading country within this region that makes a significant contribution to the market’s overall performance.
  • The report outlines the dominant segment that holds a major share of the market.
  • It also emphasizes the fastest-growing segment projected to gain strong traction during the forecast period.
  • Qualitative and quantitative market analysis have been used to provide an in-depth understanding of the market.

Market Overview: Key Figures at a Glance:

Report Attributes

Details

Market Size Value in 2024

USD 6.98 billion

Market Size Value in 2025

USD 7.42 billion

Revenue Forecast in 2034

USD 12.85 billion

CAGR

6.3% from 2025 to 2034

Market Opportunity:

Technological innovations in imaging software and hardware are boosting MRI adoption in healthcare facilities. An increase in chronic disease prevalence and demand for early diagnosis enhances the market’s growth potential. Additionally, expanding healthcare access and investment in diagnostic infrastructure provide further opportunities worldwide.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭:

https://www.polarismarketresearch.com/industry-analysis/magnetic-resonance-imaging-market 

Market Key Players:

The competitive landscape features a mix of long-standing companies and emerging contenders. Leading players are actively pursuing R&D initiatives and strategic moves to strengthen their market position. Notable participants include:

  • Aurora Imaging Technologies, Inc.
  • Bruker Corporation
  • Canon Medical Systems
  • Esaote SPA
  • Fujifilm Holdings Corporation
  • GE Healthcare
  • Hitachi Healthcare (Hitachi High-Tech Corporation)
  • Hologic Inc.
  • Koninklijke Philips N.V.
  • Shimadzu Corporation
  • Siemens Healthineers

Similar Posts