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    US Magnetic Resonance Imaging Systems Market

    ID: MRFR/MED/14518-HCR
    100 Pages
    Rahul Gotadki
    September 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 Research Report - Forecast to 2035 Infographic
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    Table of Contents

    US Magnetic Resonance Imaging Systems Market Summary

    The United States Magnetic Resonance Imaging Systems market is projected to grow from 2.05 USD Billion in 2024 to 3.45 USD Billion by 2035.

    Key Market Trends & Highlights

    US Magnetic Resonance Imaging Systems Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 4.85 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 3.45 USD Billion, indicating robust growth potential.
    • In 2024, the market is valued at 2.05 USD Billion, reflecting a solid foundation for future expansion.
    • Growing adoption of advanced imaging technologies due to increasing demand for non-invasive diagnostic procedures is a major market driver.

    Market Size & Forecast

    2024 Market Size 2.05 (USD Billion)
    2035 Market Size 3.45 (USD Billion)
    CAGR (2025-2035) 4.85%

    Major Players

    Hologic, Advanced Imaging Technologies, Neusoft Medical Systems, Samsung Medison, Agfa HealthCare, Siemens Healthineers, Philips, GE Healthcare, Canon Medical Systems, Esaote, Fujifilm, Hitachi, Mindray, Bracco Imaging

    US Magnetic Resonance Imaging Systems Market Trends

    The US Magnetic Resonance Imaging Systems Market is experiencing notable trends driven by advancements in technology and changing healthcare needs. A key market driver is the rise in the prevalence of chronic diseases and an aging population, both of which increase the demand for accurate imaging solutions. The US has seen a growing emphasis on early diagnosis and prevention, making MRI systems crucial for efficient patient management. Hospitals and healthcare facilities are increasingly adopting MRI technology that provides enhanced imaging capabilities, thus supporting improved diagnostic accuracy.

    There are also significant opportunities to be explored, particularly with the integration of artificial intelligence and machine learning in MRI systems. These technologies can enhance image processing and analysis, reduce scan times, and improve overall efficiency in diagnostic procedures. Additionally, as telemedicine expands, there is potential for remote MRI reading, which can facilitate quicker treatment decisions and broaden access to expert radiologists across the US.

    Recent times have shown a trend toward the development of more compact and cost-effective MRI systems, which are appealing to smaller clinics and outpatient settings. The increasing focus on portable and point-of-care MRI solutions allows for greater access to imaging in rural and underserved regions of the US. Furthermore, continuous enhancements in MRI technology, such as functional MRI and increased patient comfort features, are reshaping their usage in clinical practice.

    With ongoing research and innovation, the US Magnetic Resonance Imaging Systems Market is well-positioned for growth, reflecting the evolving landscape of healthcare and patient care paradigms.

    US Magnetic Resonance Imaging Systems Market Drivers

    Market Segment Insights

    Get more detailed insights about US Magnetic Resonance Imaging Systems Market Research Report - Forecast to 2035

    Regional Insights

    Key Players and Competitive Insights

    The US Magnetic Resonance Imaging Systems Market is characterized by an intricate landscape of competition, driven by technological advancements and a growing demand for diagnostic imaging solutions. As healthcare professionals increasingly rely on MRI systems for their non-invasive imaging capabilities, the market has witnessed numerous strategic initiatives, partnerships, and innovations from key players. The competitive dynamics revolve around factors such as product quality, technological differentiation, and customer service excellence. Companies continually aim to enhance their offerings through research and development, navigating the complexities of regulation and market access while contending with emerging players that bring disruptive technologies to the forefront.

    This evolving market reflects not only the traditional strengths of established industry leaders but also the agility of newer entrants, emphasizing the ongoing battle for market share and customer trust.

    Hologic has firmified its presence within the US Magnetic Resonance Imaging Systems Market by leveraging its strengths in innovative technology and a strong product portfolio. The company is recognized for its commitment to enhancing imaging efficiency and patient outcomes through advanced MRI solutions designed to cater to a variety of clinical applications. With a focus on delivering high-resolution imaging and operational efficiency, Hologic capitalizes on its robust distribution network and extensive customer relationships. The company's ability to respond effectively to the needs of healthcare providers, along with its reputation for quality, positions Hologic as a significant player in the market.

    Moreover, the firm actively pursues ongoing research and development to maintain its competitive edge and develop next-generation MRI technologies that align with evolving market demands.

    Advanced Imaging Technologies operates within the competitive realm of the US Magnetic Resonance Imaging Systems Market, with a strong emphasis on innovative imaging solutions and customer-centered service. The company specializes in a range of MRI products and services that cater specifically to the unique requirements of healthcare providers in the US. Its robust market presence is bolstered by a commitment to high-quality imaging and fast turnaround times, ensuring reliability and efficiency for medical practitioners. Advanced Imaging Technologies is recognized for its strategic collaborations and potential mergers and acquisitions, which enhance its product offerings and expand its operational capabilities.

    The company continuously seeks to align its services with the latest technological trends, ensuring that it remains relevant and responsive to the dynamic healthcare landscape. By focusing on quality and client satisfaction, Advanced Imaging Technologies has established itself as a viable competitor in the MRI systems market, propelling its growth and presence in the industry.

    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.

    Market Segmentation

    Magnetic Resonance Imaging Systems Market End Use Outlook

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

    Magnetic Resonance Imaging Systems Market Technology Outlook

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

    Magnetic Resonance Imaging Systems Market Application Outlook

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

    Magnetic Resonance Imaging Systems Market Field Strength Outlook

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

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 1.75(USD Billion)
    MARKET SIZE 2024 2.05(USD Billion)
    MARKET SIZE 2035 3.45(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 4.846% (2025 - 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 Billion
    KEY COMPANIES PROFILED Hologic, Advanced Imaging Technologies, Neusoft Medical Systems, Samsung Medison, Agfa HealthCare, Siemens Healthineers, Philips, GE Healthcare, Canon Medical Systems, Esaote, Fujifilm, Hitachi, Mindray, Bracco Imaging
    SEGMENTS COVERED Technology, Application, End Use, Field Strength
    KEY MARKET OPPORTUNITIES Technological advancements in MRI, Rising demand for outpatient imaging, Increasing prevalence of chronic diseases, Integration of AI in imaging, Expansion of MRI applications.
    KEY MARKET DYNAMICS rising prevalence of chronic diseases, technological advancements in MRI, increasing aging population, growing demand for early diagnosis, reimbursement policies and funding dynamics
    COUNTRIES COVERED US

    Market Highlights

    Author
    Rahul Gotadki
    Assistant Manager

    He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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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.

    1. EXECUTIVE SUMMARY
    2. Market Overview
    3. Key Findings
    4. Market Segmentation
    5. Competitive Landscape
    6. Challenges and Opportunities
    7. Future Outlook
    8. MARKET INTRODUCTION
    9. Definition
    10. Scope of the study
    11. Research Objective
    12. Assumption
    13. Limitations
    14. RESEARCH METHODOLOGY
    15. Overview
    16. Data Mining
    17. Secondary Research
    18. Primary Research
    19. Primary Interviews and Information Gathering Process
    20. Breakdown of Primary Respondents
    21. Forecasting Model
    22. Market Size Estimation
    23. Bottom-Up Approach
    24. Top-Down Approach
    25. Data Triangulation
    26. Validation
    27. MARKET DYNAMICS
    28. Overview
    29. Drivers
    30. Restraints
    31. Opportunities
    32. MARKET FACTOR ANALYSIS
    33. Value chain Analysis
    34. Porter's Five Forces Analysis
    35. Bargaining Power of Suppliers
    36. Bargaining Power of Buyers
    37. Threat of New Entrants
    38. Threat of Substitutes
    39. Intensity of Rivalry
    40. COVID-19 Impact Analysis
    41. Market Impact Analysis
    42. Regional Impact
    43. Opportunity and Threat Analysis
    44. US Magnetic Resonance Imaging Systems Market, BY Technology (USD Billion)
    45. Closed MRI Systems
    46. Open MRI Systems
    47. Functional MRI Systems
    48. High-Field MRI Systems
    49. US Magnetic Resonance Imaging Systems Market, BY Application (USD Billion)
    50. Oncology
    51. Neurology
    52. Cardiology
    53. Musculoskeletal Imaging
    54. Gastrointestinal Imaging
    55. US Magnetic Resonance Imaging Systems Market, BY End Use (USD Billion)
    56. Hospitals
    57. Diagnostic Imaging Centers
    58. Research Institutes
    59. Ambulatory Surgical Centers
    60. US Magnetic Resonance Imaging Systems Market, BY Field Strength (USD Billion)
    61. Low-Field MRI Systems
    62. Mid-Field MRI Systems
    63. High-Field MRI Systems
    64. Competitive Landscape
    65. Overview
    66. Competitive Analysis
    67. Market share Analysis
    68. Major Growth Strategy in the Magnetic Resonance Imaging Systems Market
    69. Competitive Benchmarking
    70. Leading Players in Terms of Number of Developments in the Magnetic Resonance Imaging Systems Market
    71. Key developments and growth strategies
    72. New Product Launch/Service Deployment
    73. Merger & Acquisitions
    74. Joint Ventures
    75. Major Players Financial Matrix
    76. Sales and Operating Income
    77. Major Players R&D Expenditure. 2023
    78. Company Profiles
    79. Hologic
    80. Financial Overview
    81. Products Offered
    82. Key Developments
    83. SWOT Analysis
    84. Key Strategies
    85. Advanced Imaging Technologies
    86. Financial Overview
    87. Products Offered
    88. Key Developments
    89. SWOT Analysis
    90. Key Strategies
    91. Neusoft Medical Systems
    92. Financial Overview
    93. Products Offered
    94. Key Developments
    95. SWOT Analysis
    96. Key Strategies
    97. Samsung Medison
    98. Financial Overview
    99. Products Offered
    100. Key Developments
    101. SWOT Analysis
    102. Key Strategies
    103. Agfa HealthCare
    104. Financial Overview
    105. Products Offered
    106. Key Developments
    107. SWOT Analysis
    108. Key Strategies
    109. Siemens Healthineers
    110. Financial Overview
    111. Products Offered
    112. Key Developments
    113. SWOT Analysis
    114. Key Strategies
    115. Philips
    116. Financial Overview
    117. Products Offered
    118. Key Developments
    119. SWOT Analysis
    120. Key Strategies
    121. GE Healthcare
    122. Financial Overview
    123. Products Offered
    124. Key Developments
    125. SWOT Analysis
    126. Key Strategies
    127. Canon Medical Systems
    128. Financial Overview
    129. Products Offered
    130. Key Developments
    131. SWOT Analysis
    132. Key Strategies
    133. Esaote
    134. Financial Overview
    135. Products Offered
    136. Key Developments
    137. SWOT Analysis
    138. Key Strategies
    139. Fujifilm
    140. Financial Overview
    141. Products Offered
    142. Key Developments
    143. SWOT Analysis
    144. Key Strategies
    145. Hitachi
    146. Financial Overview
    147. Products Offered
    148. Key Developments
    149. SWOT Analysis
    150. Key Strategies
    151. Mindray
    152. Financial Overview
    153. Products Offered
    154. Key Developments
    155. SWOT Analysis
    156. Key Strategies
    157. Bracco Imaging
    158. Financial Overview
    159. Products Offered
    160. Key Developments
    161. SWOT Analysis
    162. Key Strategies
    163. References
    164. Related Reports
    165. US Magnetic Resonance Imaging Systems Market SIZE ESTIMATES & FORECAST, BY TECHNOLOGY, 2019-2035 (USD Billions)
    166. US Magnetic Resonance Imaging Systems Market SIZE ESTIMATES & FORECAST, BY APPLICATION, 2019-2035 (USD Billions)
    167. US Magnetic Resonance Imaging Systems Market SIZE ESTIMATES & FORECAST, BY END USE, 2019-2035 (USD Billions)
    168. US Magnetic Resonance Imaging Systems Market SIZE ESTIMATES & FORECAST, BY FIELD STRENGTH, 2019-2035 (USD Billions)
    169. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    170. ACQUISITION/PARTNERSHIP
    171. MARKET SYNOPSIS
    172. US MAGNETIC RESONANCE IMAGING SYSTEMS MARKET ANALYSIS BY TECHNOLOGY
    173. US MAGNETIC RESONANCE IMAGING SYSTEMS MARKET ANALYSIS BY APPLICATION
    174. US MAGNETIC RESONANCE IMAGING SYSTEMS MARKET ANALYSIS BY END USE
    175. US MAGNETIC RESONANCE IMAGING SYSTEMS MARKET ANALYSIS BY FIELD STRENGTH
    176. KEY BUYING CRITERIA OF MAGNETIC RESONANCE IMAGING SYSTEMS MARKET
    177. RESEARCH PROCESS OF MRFR
    178. DRO ANALYSIS OF MAGNETIC RESONANCE IMAGING SYSTEMS MARKET
    179. DRIVERS IMPACT ANALYSIS: MAGNETIC RESONANCE IMAGING SYSTEMS MARKET
    180. RESTRAINTS IMPACT ANALYSIS: MAGNETIC RESONANCE IMAGING SYSTEMS MARKET
    181. SUPPLY / VALUE CHAIN: MAGNETIC RESONANCE IMAGING SYSTEMS MARKET
    182. MAGNETIC RESONANCE IMAGING SYSTEMS MARKET, BY TECHNOLOGY, 2025 (% SHARE)
    183. MAGNETIC RESONANCE IMAGING SYSTEMS MARKET, BY TECHNOLOGY, 2019 TO 2035 (USD Billions)
    184. MAGNETIC RESONANCE IMAGING SYSTEMS MARKET, BY APPLICATION, 2025 (% SHARE)
    185. MAGNETIC RESONANCE IMAGING SYSTEMS MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    186. MAGNETIC RESONANCE IMAGING SYSTEMS MARKET, BY END USE, 2025 (% SHARE)
    187. MAGNETIC RESONANCE IMAGING SYSTEMS MARKET, BY END USE, 2019 TO 2035 (USD Billions)
    188. MAGNETIC RESONANCE IMAGING SYSTEMS MARKET, BY FIELD STRENGTH, 2025 (% SHARE)
    189. MAGNETIC RESONANCE IMAGING SYSTEMS MARKET, BY FIELD STRENGTH, 2019 TO 2035 (USD Billions)
    190. BENCHMARKING OF MAJOR COMPETITORS

    US Magnetic Resonance Imaging Systems Market Segmentation

     

     

     

    • Magnetic Resonance Imaging Systems Market By Technology (USD Billion, 2019-2035)

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

     

    • Magnetic Resonance Imaging Systems Market By Application (USD Billion, 2019-2035)

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

     

    • Magnetic Resonance Imaging Systems Market By End Use (USD Billion, 2019-2035)

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

     

    • Magnetic Resonance Imaging Systems Market By Field Strength (USD Billion, 2019-2035)

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

     

     

     

     

     

     

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