Global North (United States, Canada and Mexico) MRI Industry Insights: Market Size, Growth Analysis and Forecast
Report ID : 1345025 | Published : July 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the North (United States, Canada And Mexico) MRI Industry is categorized based on Type (Closed MRI Systems, Open MRI Systems, Functional MRI Systems, Extremity MRI Systems) and Application (Neurology, Orthopedics, Cardiology, Oncology, Others) and End-User (Hospitals, Diagnostic Imaging Centers, Research Institutions, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The North (United States, Canada And Mexico) MRI Industry was worth $6.5 billion in 2023 and is forecasted to reach $10.2 billion by 2033, growing at a CAGR of 4.6% over the period 2024-2033. This report covers various segments and analyzes the key trends and factors influencing the market significantly.
Magnetic Resonance Imaging (MRI) market, in the North America region which comprises of United states, Canada and Mexico, is one of the integral part of the contemporary medical diagnostic field. MRI technology is steadily advancing in the region fuelled by the ever-increasing need for adopting novel imaging techniques and a mounting focus on effective disease diagnosis. The market is undergoing rapid changes in the scanner design and software capabilities due to healthcare facility owners and manufacturers who are focused on offering better patient results. These companies are striving for state-of-the-art solutions to achieve this.
Currently, United States leads the MRI market owing to solid infrastructure, and high budget allocation towards medical research and development target. Canada and Mexico exhibit various degrees of market readiness but are emerging due to increased spending on health services and rising incidences of non communicable diseases. Moreover, as all the healthcare stakeholders - hospitals, imaging centers and patients - work towards greater operational efficiency and better patient care, the North American market for MRI is set for growth making it the not just the capital of current but past also, high capacity for investment in medical imaging technologies.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems, Hitachi Medical Systems, Samsung Medison, Neusoft Medical Systems, Esaote, Fujifilm Holdings, Agfa-Gevaert Group, Bracco Imaging |
| SEGMENTS COVERED |
By Type - Closed MRI Systems, Open MRI Systems, Functional MRI Systems, Extremity MRI Systems
By Application - Neurology, Orthopedics, Cardiology, Oncology, Others
By End-User - Hospitals, Diagnostic Imaging Centers, Research Institutions, Others
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
North (United States, Canada And Mexico) MRI Industry Dynamics
The North (United States, Canada And Mexico) MRI Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
North (United States, Canada And Mexico) MRI Industry Segmentations
Market Breakup by Type
- Overview
- Closed MRI Systems
- Open MRI Systems
- Functional MRI Systems
- Extremity MRI Systems
Market Breakup by Application
- Overview
- Neurology
- Orthopedics
- Cardiology
- Oncology
- Others
Market Breakup by End-User
- Overview
- Hospitals
- Diagnostic Imaging Centers
- Research Institutions
- Others
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the North (United States, Canada And Mexico) MRI Industry
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Siemens Healthineers
- GE Healthcare
- Philips Healthcare
- Canon Medical Systems
- Hitachi Medical Systems
- Samsung Medison
- Neusoft Medical Systems
- Esaote
- Fujifilm Holdings
- Agfa-Gevaert Group
- Bracco Imaging
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Company Profiling
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