India Magnetic Resonance Imaging Market Size & Outlook
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India magnetic resonance imaging market highlights
- The India magnetic resonance imaging market generated a revenue of USD 258.6 million in 2024 and is expected to reach USD 405.9 million by 2030.
- The India market is expected to grow at a CAGR of 7.9% from 2025 to 2030.
- In terms of segment, closed systems was the largest revenue generating architecture in 2024.
- Open Systems is the most lucrative architecture segment registering the fastest growth during the forecast period.
Magnetic resonance imaging market data book summary
| Market revenue in 2024 | USD 258.6 million |
| Market revenue in 2030 | USD 405.9 million |
| Growth rate | 7.9% (CAGR from 2025 to 2030) |
| Largest segment | Closed systems |
| Fastest growing segment | Open Systems |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Open Systems, Closed Systems |
Other key industry trends
- In terms of revenue, India accounted for 3.7% of the global magnetic resonance imaging market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China magnetic resonance imaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 405.9 million by 2030.
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Magnetic Resonance Imaging Market Scope
Magnetic Resonance Imaging Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Aurora Imaging Technology | View profile | 51-100 | Danvers, Massachusetts, United States, North America | http://www.auroramri.com |
| Canon Medical Systems Corp. | View profile | - | - | - |
| Esaote | View profile | - | - | |
| Bruker Corp | View profile | 9707 | 40 Manning Road, Billerica, MA, United States, 01821 | https://www.bruker.com |
| Hologic Inc | View profile | 6990 | 250 Campus Drive, Marlborough, MA, United States, 01752 | http://www.hologic.com |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
| Shimadzu Corp | View profile | 15284 | 1, Nishinokyo-Kuwabara-cho, Nakagyo-ku, Kyoto, Japan, 604-8511 | http://www.shimadzu.com |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| Hitachi Ltd | View profile | 322525 | 6-6, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8280 | http://www.hitachi.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
India magnetic resonance imaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to magnetic resonance imaging market will help companies and investors design strategic landscapes.
Closed systems was the largest segment with a revenue share of 82.21% in 2024. Horizon Databook has segmented the India magnetic resonance imaging market based on open systems, closed systems covering the revenue growth of each sub-segment from 2018 to 2030.
India magnetic resonance imaging market is projected to grow at the fastest CAGR from 2025 to 2030, driven by the development of advanced technologies, such as micro-MRI technology. Micro-MRI offers higher resolution imaging and more precise diagnosis, making it ideal for early-stage detection of diseases, especially in small and intricate body areas.
Furthermore, innovations such as portable MRI machines, faster imaging processes, and reduced costs are expected to increase accessibility and adoption across healthcare facilities in India, further expanding the market and improving patient outcomes nationwide.
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Target buyers of India magnetic resonance imaging market databook
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Our clientele includes a mix of magnetic resonance imaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India magnetic resonance imaging market , including forecasts for subscribers. This country databook contains high-level insights into India magnetic resonance imaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India Architecture - Magnetic Resonance Imaging Market size, 2024 - 2030 (US$M)
India Magnetic Resonance Imaging Market Outlook Share, 2024 & 2030 (US$M)
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