United States Magnetic Resonance Imaging Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 4.70% (2025-2033)

Market Size in 2024: USD 2 Billion

Market Forecast in 2033: USD 3 Billion

The United States magnetic resonance imaging market is witnessing substantial growth, primarily driven by the increasing demand for non-invasive diagnostic imaging techniques. According to the latest report by IMARC Group, the market size reached USD 2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3 Billion by 2033, exhibiting a growth rate (CAGR) of 4.5% during 2025-2033.

The growing prevalence of chronic diseases, such as cardiovascular conditions, neurological disorders, and musculoskeletal injuries, is propelling the need for magnetic resonance imaging procedures to aid in accurate diagnosis and treatment planning. As healthcare providers continue to emphasize early detection and preventative care, the demand for magnetic resonance imaging as part of routine screening processes is rising. Moreover, the ongoing shift toward outpatient care and imaging centers is a significant growth-inducing factor. With increasing healthcare costs and the demand for more convenient healthcare solutions, numerous patients are opting for imaging procedures in outpatient settings rather than traditional hospital environments. This shift is encouraging the development of advanced, compact magnetic resonance imaging machines that can be installed in smaller, more cost-effective facilities, broadening access to magnetic resonance imaging services. Additionally, the growing preference for personalized healthcare and point-of-care diagnostics is increasing the demand for portable and lightweight magnetic resonance imaging machines that provide fast and accurate results for patients in various healthcare settings.