MRI Market Size | Insights, Trends & Growth Analysis 2025

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Code: MTA10167

Publication Date: Oct 2025

What is the size of MRI Market?

According to 6Wresearch internal database and industry insights, the Global MRI Market was valued at USD 8.5 Billion in 2024 and is expected to reach USD 12.8 Billion by 2031, growing at a compound annual growth rate of 6% during the forecast period (2025-2031).

The primary catalysts of this escalation include increased demand for non-invasive diagnostic imaging, enhanced MRI machine technologies, and a rise in the number of chronic diseases that require imaging to diagnose and treat.

Growth Factors for MRI Industry

Increased awareness around early diagnosis and treatment.
Advanced MRI technologies including portable and open MRI technology.
Higher demand for personalized and precision medicine.
Growing healthcare facilities in emerging markets.
Increasing elderly population needing more diagnosis.
Increase in MRI usage in oncology, neurology, and musculoskeletal diseases.

MRI Market Trends

Emerging MRI market trends include enhancements to artificial intelligence-based MRI and portable MRI systems and higher imaging resolution. There's also increasing development of faster scanning technologies and integration with digital health assets. There is a visible increase in MRI usage for specialization as healthcare providers move toward personalized care. As energy efficiency becomes a focus in the market, green technology becomes a growing trend in MRI machines.

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Emerging Developments in the MRI Market

The MRI market is experiencing significant developments driven by advancements in machine designs and imaging capabilities. Newer MRI models with increased resolution and faster scan times are expected to enhance diagnostic accuracy and reduce patient discomfort. Additionally, portable and compact MRI devices are emerging, offering flexibility and convenience for smaller medical facilities and home care settings. As the demand for personalized diagnostics increases, MRI technology is becoming more integrated with other advanced imaging modalities.