MRI Systems Market to Reach $9.68 Billion by 2031 as Asia-Pacific Leads 7.4% Growth
Updated
Updated · PR Newswire · May 29
MRI Systems Market to Reach $9.68 Billion by 2031 as Asia-Pacific Leads 7.4% Growth
2 articles · Updated · PR Newswire · May 29
Summary
$9.68 billion is the projected size of the global MRI systems market in 2031, up from $6.88 billion in 2026, according to MarketsandMarkets, implying a 7.0% annual growth rate.
Rising neurological, musculoskeletal and cancer-related disease burdens, along with aging populations, supportive reimbursement policies and innovation-friendly regulation, are expected to keep demand for MRI equipment growing.
Ultra-high-field MRI systems are forecast to post the fastest growth, while high and very-high-field machines held the largest 2025 share at 93.9% and closed systems led architecture with 79.7%.
Brain and neurological imaging was the largest application in 2025 and is also expected to grow fastest, while hospitals remained the biggest end-user segment.
North America held the largest regional share in 2025, but Asia-Pacific is projected to expand the fastest through 2031 with a 7.4% CAGR.