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U.S. Magnetic Resonance Imaging Equipment Market

U.S. Magnetic Resonance Imaging Equipment Market 2025 to Grow at 5.3 CAGR with 1.46 USD Billion Market Size: Analysis and Forecasts 2033

U.S. Magnetic Resonance Imaging Equipment Market by Strength (Less than 1.5 T, 1.5 T, More than 1.5 T), by Application (Musculoskeletal, Neurology, Cardiology, Body Imaging, Others), by End-User (Hospitals, Ambulatory Surgical Centers, Diagnostic Centers), by Forecast 2026-2034

Jun 19 2025

Base Year: 2025

180 Pages

U.S. Magnetic Resonance Imaging Equipment Market 2025 to Grow at 5.3 CAGR with 1.46 USD Billion Market Size: Analysis and Forecasts 2033

Key Insights

The U.S. Magnetic Resonance Imaging Equipment Market size was valued at USD 1.46 USD Billion in 2023 and is projected to reach USD 2.10 USD Billion by 2032, exhibiting a CAGR of 5.3 % during the forecast period. The U. S. Magnetic Resonance Imaging (MRI) Equipment marketplace includes the production, distribution, and use of sophisticated medical imaging apparatuses that apply magnets and radio waves to create high-resolution images of internal body structures. MRI systems are universally employed for the diagnosis of various medical conditions, especially neurological disorders, musculoskeletal injuries, and cancer staging. Applications cover many medical branches, e.g. neurosurgery, orthopedics, cardiology, and oncology. Features of the market will be the creation of powerful MRI devices for better image quality, integration of artificial intelligence for image diagnostics and analysis, and continuing development of current MRI devices for point-of-care diagnostics. Progressing in science, healthcare providers are keen to implement accurate and non-invasive medical imaging solutions and the U. S. MRI Equipment market continues to be the source of increasing growth which remains the trend.

U.S. Magnetic Resonance Imaging Equipment Trends

Increasing prevalence of chronic diseases, such as cancer, heart disease, and neurological disorders
Advancements in MRI technology leading to improved image quality and diagnostic accuracy
Growing demand for non-invasive imaging techniques
Rising healthcare expenditure
Expanding applications of MRI in various medical specialties

U.S. Magnetic Resonance Imaging Equipment Market Market Size and Forecast (2024-2030) — U.S. Magnetic Resonance Imaging Equipment Market Company Market Share

Driving Forces: What's Propelling the U.S. Magnetic Resonance Imaging Equipment Market

Advancements in Technology: Continuous technological advancements such as faster scanning times, higher resolution imaging, and the development of portable MRI systems are driving market growth.
Increasing Healthcare Expenditure: Rising healthcare spending in the U.S. supports the adoption of advanced medical equipment, including MRI scanners.
Growing Prevalence of Chronic Diseases: The increasing incidence of chronic diseases, such as cancer, cardiovascular diseases, and neurological disorders, is driving the demand for diagnostic imaging equipment, including MRI scanners.

Challenges and Restraints in U.S. Magnetic Resonance Imaging Equipment Market

High Acquisition and Operational Costs: The substantial upfront investment required for MRI systems, coupled with ongoing maintenance, service contracts, and the need for specialized personnel, creates a significant barrier to entry for smaller healthcare facilities and limits wider accessibility. This also impacts the affordability of MRI procedures for patients.
Stringent Regulatory Landscape and FDA Approvals: Navigating the rigorous regulatory pathways set by the FDA, including premarket approvals and ongoing compliance requirements, presents a considerable challenge for manufacturers, potentially delaying product launches and increasing development costs. This regulatory scrutiny necessitates extensive clinical trials and documentation, adding time and expense to the process.
Intense Competition from Alternative Imaging Modalities: MRI faces stiff competition from alternative imaging technologies such as CT scans, ultrasound, and PET scans. These modalities often offer faster scan times, lower costs, or different diagnostic advantages, leading to a competitive landscape where MRI must demonstrate its unique value proposition in specific clinical applications.
Reimbursement Challenges and Healthcare Economics: Securing adequate reimbursement from insurance providers for MRI procedures is a critical factor influencing market growth. Variations in reimbursement rates and increasing pressure to control healthcare costs can impact the demand for MRI services and the financial viability of offering them.

Emerging Trends in U.S. Magnetic Resonance Imaging Equipment

Artificial Intelligence (AI) Integration: AI algorithms are being incorporated into MRI systems to enhance image analysis, streamline workflow, and improve diagnostic accuracy.
Point-of-Care MRI: Portable and compact MRI systems are emerging for use in emergency rooms, operating rooms, and other point-of-care settings.
Hybrid Imaging: MRI scanners are being combined with other imaging modalities, such as CT and PET, to provide more comprehensive diagnostic information.

Growth Catalysts in U.S. Magnetic Resonance Imaging Equipment Industry

Rising Prevalence of Chronic Diseases and Aging Population: The increasing prevalence of chronic diseases, such as cancer, cardiovascular disease, and neurological disorders, fuels the demand for advanced diagnostic imaging tools like MRI, which are essential for early detection and effective management of these conditions. An aging population further exacerbates this demand.
Growing Adoption of Minimally Invasive Procedures and Personalized Medicine: The shift towards minimally invasive surgical techniques and the increasing focus on personalized medicine are driving the demand for high-resolution, detailed images provided by MRI. MRI's role in pre-surgical planning, treatment guidance, and monitoring treatment response is becoming increasingly crucial.
Technological Advancements in MRI Technology: Continuous innovation in MRI technology is leading to the development of faster, higher-resolution, and more specialized scanners. Advancements such as improved coil technology, advanced pulse sequences, and artificial intelligence-driven image analysis are significantly enhancing diagnostic capabilities and workflow efficiency.
Expanding Applications and Clinical Utility of MRI: MRI's applications are continuously expanding beyond traditional uses, finding increasing utility in areas such as musculoskeletal imaging, neurology, oncology, and cardiovascular imaging. This broadening clinical utility is driving market growth.
Increased Investment in Healthcare Infrastructure and Technological Upgrades: Government initiatives and private investment aimed at upgrading healthcare infrastructure and adopting advanced medical technologies are contributing to the expansion of MRI capabilities within healthcare facilities.

Market Segmentation: U.S. Magnetic Resonance Imaging Equipment Analysis

By Strength:

Less than 1.5 T
1.5 T
More than 1.5 T

By Application:

Musculoskeletal
Neurology
Cardiology
Body Imaging
Others

By End-User:

Hospitals
Ambulatory Surgical Centers
Diagnostic Centers

Leading Players in the U.S. Magnetic Resonance Imaging Equipment Market

GENERAL ELECTRIC COMPANY (GE Healthcare) (U.S.)
Siemens Healthineers AG (Germany)
Koninklijke Philips N.V. (Netherlands)
Canon Medical Systems Corporation (Japan)
Hitachi, Ltd. (Japan)

Significant developments in U.S. Magnetic Resonance Imaging Equipment Sector

In 2022, GE Healthcare launched the SIGNA One MRI system, which offers fast scanning times and AI-powered image reconstruction.
In 2023, Siemens Healthineers introduced the MAGNETOM Free.Max MRI system, featuring a wide-bore design and AI-based image optimization.
Philips Healthcare announced the release of its Ingenia Ambition 1.5T MRI system, which provides high-quality images and advanced automation features.

Comprehensive Coverage U.S. Magnetic Resonance Imaging Equipment Market Report

This report provides a comprehensive analysis of the U.S. Magnetic Resonance Imaging Equipment Market, including insights into market trends, drivers, challenges, and emerging technologies. It also includes detailed market segmentation and analysis of key industry players.

Regional Insight

The U.S. Magnetic Resonance Imaging Equipment Market is geographically segmented into:

East Coast (largest market share)
West Coast
Midwest
South

U.S. Magnetic Resonance Imaging Equipment Market Market Share by Region - Global Geographic Distribution — U.S. Magnetic Resonance Imaging Equipment Market Regional Market Share

DROCT

The DROCT (Drivers, Restraints, Opportunities, Challenges, and Trends) analysis provides a comprehensive overview of the factors influencing the market's growth and evolution.

Pricing Analysis

The report includes a detailed analysis of the pricing dynamics of the U.S. Magnetic Resonance Imaging Equipment Market, including pricing trends, competitive landscape, and factors influencing price variations.

Import And Export Analysis

The report provides an analysis of the U.S. Magnetic Resonance Imaging Equipment Market's import and export dynamics, including major trading partners, trade volumes, and trade regulations.

Segmentation

The report segments the market based on strength, application, and end-user, providing detailed analysis of each segment's market size, growth potential, and trends.

Patent/Trademark Analysis

The report includes an analysis of the patent and trademark landscape of the U.S. Magnetic Resonance Imaging Equipment Market, providing insights into intellectual property protection and competitive strategies.

U.S. Magnetic Resonance Imaging Equipment Market REPORT HIGHLIGHTS

Aspects	Details
Study Period	2020-2034
Base Year	2025
Estimated Year	2026
Forecast Period	2026-2034
Historical Period	2020-2025
Growth Rate	CAGR of 5.3% from 2020-2034
Segmentation	By Strength Less than 1.5 T 1.5 T More than 1.5 T By Application Musculoskeletal Neurology Cardiology Body Imaging Others By End-User Hospitals Ambulatory Surgical Centers Diagnostic Centers By Geography

1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
- 2.1. Introduction
3. Market Dynamics
- 3.1. Introduction
- - 3.2. Market Drivers
  - - 3.2.1. Rising Prevalence of Poultry Diseases is Anticipated to Drive the Market Growth
- - 3.3. Market Restrains
- - 3.4. Market Trends
  - - 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
5. U.S. Magnetic Resonance Imaging Equipment Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Strength
  - 5.1.1. Less than 1.5 T
  - 5.1.2. 1.5 T
  - 5.1.3. More than 1.5 T
- 5.2. Market Analysis, Insights and Forecast - by Application
  - 5.2.1. Musculoskeletal
  - 5.2.2. Neurology
  - 5.2.3. Cardiology
  - 5.2.4. Body Imaging
  - 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast - by End-User
  - 5.3.1. Hospitals
  - 5.3.2. Ambulatory Surgical Centers
  - 5.3.3. Diagnostic Centers
- 5.4. Market Analysis, Insights and Forecast - by Region
  - 5.4.1.
6. Competitive Analysis
- 6.1. Market Share Analysis 2025
- - 6.2. Company Profiles
  - - 6.2.1 GENERAL ELECTRIC COMPANY (GE Healthcare) (U.S.)
      6.2.1.1. Overview
      6.2.1.2. Products
      6.2.1.3. SWOT Analysis
      6.2.1.4. Recent Developments
      6.2.1.5. Financials (Based on Availability)
    - 6.2.2 Siemens Healthineers AG (Germany)
      6.2.2.1. Overview
      6.2.2.2. Products
      6.2.2.3. SWOT Analysis
      6.2.2.4. Recent Developments
      6.2.2.5. Financials (Based on Availability)
    - 6.2.3 Koninklijke Philips N.V. (Netherlands)
      6.2.3.1. Overview
      6.2.3.2. Products
      6.2.3.3. SWOT Analysis
      6.2.3.4. Recent Developments
      6.2.3.5. Financials (Based on Availability)
    - 6.2.4 Canon Medical Systems Corporation (Japan)
      6.2.4.1. Overview
      6.2.4.2. Products
      6.2.4.3. SWOT Analysis
      6.2.4.4. Recent Developments
      6.2.4.5. Financials (Based on Availability)
    - 6.2.5 Hitachi Ltd. (Japan)
      6.2.5.1. Overview
      6.2.5.2. Products
      6.2.5.3. SWOT Analysis
      6.2.5.4. Recent Developments
      6.2.5.5. Financials (Based on Availability)
    - 6.2.6 Esaote SpA (Italy)
      6.2.6.1. Overview
      6.2.6.2. Products
      6.2.6.3. SWOT Analysis
      6.2.6.4. Recent Developments
      6.2.6.5. Financials (Based on Availability)
    - 6.2.7 Time Medical Holding (Hong Kong)
      6.2.7.1. Overview
      6.2.7.2. Products
      6.2.7.3. SWOT Analysis
      6.2.7.4. Recent Developments
      6.2.7.5. Financials (Based on Availability)
    - 6.2.8 Shenzhen Anke Hi-tech Co. Ltd. (China)
      6.2.8.1. Overview
      6.2.8.2. Products
      6.2.8.3. SWOT Analysis
      6.2.8.4. Recent Developments
      6.2.8.5. Financials (Based on Availability)
    - 6.2.9 Neusoft Medical Systems Co. Ltd. (U.S.)
      6.2.9.1. Overview
      6.2.9.2. Products
      6.2.9.3. SWOT Analysis
      6.2.9.4. Recent Developments
      6.2.9.5. Financials (Based on Availability)
    - 6.2.10 Fonar Corporation (U.S.)
      6.2.10.1. Overview
      6.2.10.2. Products
      6.2.10.3. SWOT Analysis
      6.2.10.4. Recent Developments
      6.2.10.5. Financials (Based on Availability)

List of Figures

Figure 1: U.S. Magnetic Resonance Imaging Equipment Market Revenue Breakdown (USD Billion, %) by Product 2025 & 2033
Figure 2: U.S. Magnetic Resonance Imaging Equipment Market Share (%) by Company 2025

List of Tables

Table 1: U.S. Magnetic Resonance Imaging Equipment Market Revenue USD Billion Forecast, by Strength 2020 & 2033
Table 2: U.S. Magnetic Resonance Imaging Equipment Market Volume Units Forecast, by Strength 2020 & 2033
Table 3: U.S. Magnetic Resonance Imaging Equipment Market Revenue USD Billion Forecast, by Application 2020 & 2033
Table 4: U.S. Magnetic Resonance Imaging Equipment Market Volume Units Forecast, by Application 2020 & 2033
Table 5: U.S. Magnetic Resonance Imaging Equipment Market Revenue USD Billion Forecast, by End-User 2020 & 2033
Table 6: U.S. Magnetic Resonance Imaging Equipment Market Volume Units Forecast, by End-User 2020 & 2033
Table 7: U.S. Magnetic Resonance Imaging Equipment Market Revenue USD Billion Forecast, by Region 2020 & 2033
Table 8: U.S. Magnetic Resonance Imaging Equipment Market Volume Units Forecast, by Region 2020 & 2033
Table 9: U.S. Magnetic Resonance Imaging Equipment Market Revenue USD Billion Forecast, by Strength 2020 & 2033
Table 10: U.S. Magnetic Resonance Imaging Equipment Market Volume Units Forecast, by Strength 2020 & 2033
Table 11: U.S. Magnetic Resonance Imaging Equipment Market Revenue USD Billion Forecast, by Application 2020 & 2033
Table 12: U.S. Magnetic Resonance Imaging Equipment Market Volume Units Forecast, by Application 2020 & 2033
Table 13: U.S. Magnetic Resonance Imaging Equipment Market Revenue USD Billion Forecast, by End-User 2020 & 2033
Table 14: U.S. Magnetic Resonance Imaging Equipment Market Volume Units Forecast, by End-User 2020 & 2033
Table 15: U.S. Magnetic Resonance Imaging Equipment Market Revenue USD Billion Forecast, by Country 2020 & 2033
Table 16: U.S. Magnetic Resonance Imaging Equipment Market Volume Units Forecast, by Country 2020 & 2033

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

Web Analytics
Survey Reports
Research Institute
Latest Research Reports
Opinion Leaders

Secondary Research

Annual Reports
White Paper
Latest Press Release
Industry Association
Paid Database
Investor Presentations

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Magnetic Resonance Imaging Equipment Market ?

The projected CAGR is approximately 5.3%.

2. Which companies are prominent players in the U.S. Magnetic Resonance Imaging Equipment Market ?

Key companies in the market include GENERAL ELECTRIC COMPANY (GE Healthcare) (U.S.), Siemens Healthineers AG (Germany), Koninklijke Philips N.V. (Netherlands), Canon Medical Systems Corporation (Japan), Hitachi, Ltd. (Japan), Esaote SpA (Italy), Time Medical Holding (Hong Kong), Shenzhen Anke Hi-tech Co., Ltd. (China), Neusoft Medical Systems Co. Ltd. (U.S.), Fonar Corporation (U.S.).

3. What are the main segments of the U.S. Magnetic Resonance Imaging Equipment Market ?

The market segments include Strength, Application, End-User.

4. Can you provide details about the market size?

The market size is estimated to be USD 1.46 USD Billion as of 2022.

5. What are some drivers contributing to market growth?

Rising Prevalence of Poultry Diseases is Anticipated to Drive the Market Growth.

6. What are the notable trends driving market growth?

Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.

7. Are there any restraints impacting market growth?

N/A

8. Can you provide examples of recent developments in the market?

N/A

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in USD Billion and volume, measured in Units.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "U.S. Magnetic Resonance Imaging Equipment Market ," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the U.S. Magnetic Resonance Imaging Equipment Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the U.S. Magnetic Resonance Imaging Equipment Market ?

To stay informed about further developments, trends, and reports in the U.S. Magnetic Resonance Imaging Equipment Market , consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

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