India’s MRI systems market to see 12% CAGR growth until 2035

The country accounts for nearly 22% of the Asia-Pacific market.

India’s magnetic resonance imaging (MRI) systems market is expected to expand at a compound annual growth rate of nearly 12% until 2035, according to GlobalData.

The country accounts for nearly 22% of the Asia-Pacific market. The sector’s expansion is attributed to the integration of artificial intelligence (AI), augmented reality, and machine learning into MRI workflows.

“The rising trust of clinicians in AI-guided diagnostics, along with strategic funding and policy support, is poised to accelerate market expansion in India,” said Prerna Gupta, Medical Devices Analyst at GlobalData.

One key development is a partnership between Time Medical International Ventures (India) Pvt. Ltd. and neurosurgeon Iype Cherian to develop DRIS-iMRI Medharanya, an AI-enabled portable MRI system for real-time neurosurgical imaging.

The integration of AI-assisted systems is expected to increase substantially over the next decade, Gupta added.