India Magnetic Resonance Imaging Equipment Market (2025-2031) Outlook | Share, Analysis, Growth, Industry, Trends, Forecast, Value, Companies, Size, Revenue

Name: India Magnetic Resonance Imaging Equipment Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Field Strength (High-field MRI systems (1.5T to 3T), 1.5T MRI systems, 3T MRI systems, Low-to-mid-field MRI systems (<1.5T), Very-high-field MRI systems (4T and above)), By Architecture (Closed MRI systems, Standard bore MRI, Wide bore MRI, Open MRI systems) And Competitive Landscape

Product Code: ETC366444	Publication Date: Aug 2022	Updated Date: Oct 2025	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

India Magnetic Resonance Imaging Equipment Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s import shipments of magnetic resonance imaging equipment in 2024 continued to be dominated by top exporting countries such as China, USA, Netherlands, Germany, and even India itself. The market concentration, as measured by the HHI, remained high, indicating a significant level of market power held by these key players. The impressive compound annual growth rate (CAGR) of 36.67% from 2020 to 2024 reflects the robust expansion of the market, with a steady growth rate of 1.43% in the year 2023-24 underlining continued momentum in the industry.

India Magnetic Resonance Imaging Equipment Market Synopsis

The India magnetic resonance imaging (MRI) equipment market was valued at USD 489 million in 2025 and is expected to grow at a CAGR of 6.7% during the forecast period. The growth of the MRI market can be attributed to factors such as increasing prevalence of chronic diseases, growing geriatric population, rising number of diagnostic centers & hospitals, and technological advancements in medical imaging. Furthermore, government initiatives for improving healthcare infrastructure are also likely to support the overall growth prospects for this sector.

Market Drivers of the market

The India market for magnetic resonance imaging (MRI) equipment has seen steady growth due to advancements in medical imaging technology and the rising prevalence of chronic diseases. The increasing demand for early and accurate diagnostics has fueled the adoption of MRI equipment in the healthcare sector.

Challenges of the Market

The magnetic resonance imaging (MRI) equipment market in India faces several challenges that impact its growth and adoption in the healthcare sector. One significant challenge is the high cost associated with MRI machines. MRI equipment is a capital-intensive investment for healthcare facilities, and the cost can be prohibitive for smaller hospitals and clinics. This limits the accessibility of MRI services, especially in rural and underserved areas. Moreover, the maintenance and operational costs of MRI machines can also be substantial. Regular maintenance and servicing are crucial to ensure the accuracy and reliability of MRI scans. The availability of skilled technicians and the procurement of genuine spare parts may be challenging, particularly in remote regions. Another challenge is the shortage of skilled radiologists and technicians with expertise in MRI imaging and interpretation. Interpreting MRI images requires specialized training and experience, and the scarcity of qualified professionals can lead to delays in diagnosis and treatment.

Covid-19 Impact on the Market

The India magnetic resonance imaging (MRI) equipment market experienced a temporary setback during the pandemic due to the postponement of non-urgent medical procedures and limitations in accessing healthcare facilities. Nevertheless, with the rising emphasis on early diagnosis and technological advancements in MRI devices, the market is expected to bounce back and grow steadily.

Key Players of the Market

In the India magnetic resonance imaging (MRI) equipment market, key players such as GE Healthcare India, Siemens Healthineers India, and Philips India Limited are at the forefront of providing advanced MRI systems for medical imaging. These companies are recognized for their innovative MRI technologies, including high-field and open MRI systems, catering to the needs of hospitals, diagnostic centers, and research institutions across the country.

Key Highlights of the Report:

India Magnetic Resonance Imaging Equipment Market Outlook
Market Size of India Magnetic Resonance Imaging Equipment Market, 2024
Forecast of India Magnetic Resonance Imaging Equipment Market, 2031
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Revenues & Volume for the Period 2021-2031
India Magnetic Resonance Imaging Equipment Market Trend Evolution
India Magnetic Resonance Imaging Equipment Market Drivers and Challenges
India Magnetic Resonance Imaging Equipment Price Trends
India Magnetic Resonance Imaging Equipment Porter's Five Forces
India Magnetic Resonance Imaging Equipment Industry Life Cycle
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Market Revenues & Volume By Field Strength for the Period 2021-2031
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Market Revenues & Volume By High-field MRI systems (1.5T to 3T) for the Period 2021-2031
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Market Revenues & Volume By 1.5T MRI systems for the Period 2021-2031
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Market Revenues & Volume By 3T MRI systems for the Period 2021-2031
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Market Revenues & Volume By Low-to-mid-field MRI systems (<1.5T) for the Period 2021-2031
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Market Revenues & Volume By Very-high-field MRI systems (4T and above) for the Period 2021-2031
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Market Revenues & Volume By Architecture for the Period 2021-2031
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Market Revenues & Volume By Closed MRI systems for the Period 2021-2031
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Market Revenues & Volume By Standard bore MRI for the Period 2021-2031
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Market Revenues & Volume By Wide bore MRI for the Period 2021-2031
Historical Data and Forecast of India Magnetic Resonance Imaging Equipment Market Revenues & Volume By Open MRI systems for the Period 2021-2031
India Magnetic Resonance Imaging Equipment Import Export Trade Statistics
Market Opportunity Assessment By Field Strength
Market Opportunity Assessment By Architecture
India Magnetic Resonance Imaging Equipment Top Companies Market Share
India Magnetic Resonance Imaging Equipment Competitive Benchmarking By Technical and Operational Parameters
India Magnetic Resonance Imaging Equipment Company Profiles
India Magnetic Resonance Imaging Equipment Key Strategic Recommendations