MRI Systems Market Size and Share

The global MRI systems markеt size reached US$ 5.1 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 7.9 billion in 2032, exhibiting a growth rate (CAGR) of 5.1% during 2024-2032.

MRI (Magnetic Resonance Imaging) systems are advanced medical instruments employed to produce detailed internal body images. These systems operate by utilizing a strong magnetic field, radio waves, and computer technology to generate cross-sectional views of organs, tissues, bones, and other bodily structures. Notably, MRI is a non-invasive procedure that does not expose patients to ionizing radiation, rendering it a safe and effective diagnostic tool for a variety of conditions, including brain and spinal cord injuries, tumors, and joint issues.