Chronic diseases to drive MRI systems market 2031 expansion to $9.68b

The ultra-high-field MRI systems segment is expected to have the highest CAGR.

The MRI systems market is expected to reach $9.68b by 2031, at a compound annual growth rate (CAGR) of 7%, according to a MarketsandMarkets report.

The report said it is due to an increasing disease burden, particularly in neurological and musculoskeletal conditions, which are expected to rise in the coming years.

Additionally, the ageing population and the rising prevalence of chronic diseases are expected to drive global market demand.

By field strength, the ultra-high-field MRI systems segment is expected to have the highest CAGR during the forecast period.

By application, the brain & neurological MRI segment accounted for the largest market share in 2025 and is also expected to grow at the highest CAGR.