India MRI Market Forecast 2025 - 2030: Key Segments, Trends & Players - Market Research

India Magnetic Resonance Imaging (MRI) Market Outlook

The India Magnetic Resonance Imaging (MRI) Market is witnessing consistent growth, driven by increasing awareness about early disease diagnosis, rising demand for non-invasive imaging technologies, and the expanding prevalence of chronic diseases. Valued at USD 259.05 million in 2024, the market is projected to reach USD 346.82 million by 2030, growing at a CAGR of 4.81% during the forecast period. With the increasing burden of neurological disorders, cancer, and musculoskeletal conditions, MRI is becoming a critical tool for diagnosis across primary and tertiary care hospitals. Additionally, the expansion of private diagnostic chains and improved accessibility in tier-II and tier-III cities is further contributing to market growth.

The adoption of advanced imaging technologies such as 3T and 1.5T MRI systems is rising due to their ability to produce high-resolution images that aid in the accurate diagnosis of complex cases. Public-private partnerships, investments in diagnostic infrastructure under government schemes such as PMSSY (Pradhan Mantri Swasthya Suraksha Yojana), and the rollout of Ayushman Bharat are expected to improve accessibility to MRI services. The development of portable and mobile MRI units and the rising availability of refurbished systems are also helping address cost-related challenges and enhancing penetration in underserved regions.

Research Objectives

To analyze and forecast the India MRI Market in terms of value from 2025 to 2030.
To segment and forecast the market based on field strength, type, architecture, application, end user, source, product, and region.
To identify the key drivers, trends, and challenges affecting market growth.
To evaluate the competitive landscape and identify key players' strategic moves.
To uncover emerging opportunities across urban and rural diagnostic settings.

Assumptions

Economic and policy stability remains favorable for healthcare investments.
Technological innovations and MRI product upgrades continue as per current pace.
Infrastructure expansion in public and private healthcare facilities continues uninterrupted.

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Market Driver Analysis

One of the key drivers fueling the India MRI market is the rising burden of non-communicable diseases, especially neurological and oncological conditions. As per the ICMR, neurological disorders in India affect over 30 million people, with epilepsy and stroke being the most common. MRI is the gold standard for brain imaging, providing non-invasive and radiation-free scans with high tissue contrast.

Moreover, India reports over 1.4 million new cancer cases annually, as per the National Cancer Registry Programme, with breast, cervical, and brain tumors requiring MRI for accurate staging and treatment planning. The growing preference for minimally invasive diagnosis is pushing demand for MRI over other modalities like CT. Simultaneously, the rise in aging population, expected to reach over 19% by 2050, is expected to increase imaging for degenerative spine, brain, and cardiac conditions. Government efforts to bridge the urban-rural diagnostic gap, along with rising private investment in imaging centers, are further propelling MRI equipment installation and utilization.

Market Trends Analysis

The India MRI market is undergoing several transformative trends. One major trend is the increased adoption of high-field MRI systems, particularly 1.5T and 3T scanners, offering faster and more precise imaging. As healthcare facilities in India modernize, the demand for these systems is increasing, especially for complex neurological and oncological diagnostics. Additionally, portable and mobile MRI systems are gaining traction in rural outreach programs and military or disaster-relief operations, where conventional imaging facilities are absent.

Another emerging trend is the rising focus on AI-powered imaging solutions. AI integration in MRI systems enables faster image reconstruction, improved diagnostics, and better workflow management. Several hospitals and diagnostic chains are exploring smart imaging platforms with predictive analytics to streamline diagnostic pathways. Moreover, refurbished MRI systems are becoming more popular among small- to mid-sized diagnostic setups, owing to their affordability and reliable performance.

Technological innovations, such as silent MRI technology, which reduces acoustic noise during scanning, and whole-body MRI applications for cancer detection, are also reshaping patient experience and expanding clinical applications of MRI across specialties.

Market Challenges Analysis

Despite its growth, the India MRI market faces several challenges. A significant barrier is the high capital investment required for MRI system installation, including equipment costs, shielding infrastructure, and skilled workforce. The average cost of a 1.5T MRI machine ranges between INR 3 to 6 crore, limiting access among smaller healthcare providers.

Further, operational costs related to electricity consumption, maintenance, and contrast media make MRI scans expensive for patients, especially in the absence of insurance coverage. Additionally, a shortage of trained radiologists and MRI technologists, particularly in rural India, leads to underutilization of machines in certain regions. Regulatory delays for device approvals and high import duties on advanced MRI units also act as growth restraints.

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Market Segmentation

By Field Strength

High-Field MRI Systems
Low-to-Mid Field MRI System
Others

By Type

Fixed
Mobile

By Architecture

Closed MRI Systems
Open MRI Systems

By Application

Brain & Neurological
Oncology
Spine & Musculoskeletal
Abdominal
Cardiac
Others

By End User

Hospitals
Imaging Centers
Ambulatory Surgical Centers
Others

By Source

Import
Domestic

By Product

Refurbished
New

By Region

North India
South India
East India
West India

Regional Analysis

North India holds a dominant position in the India MRI market, supported by the concentration of top-tier hospitals, medical colleges, and a higher per capita income that facilitates private healthcare spending. Delhi NCR and Punjab are leading contributors with rapid infrastructure upgrades and increasing demand for neuro and cancer diagnostics. South India, with cities like Bengaluru, Hyderabad, and Chennai, is a hub for advanced healthcare delivery, attracting medical tourists and offering technologically advanced MRI services.

West India, particularly Maharashtra and Gujarat, is emerging as a significant growth region due to a robust healthcare ecosystem, the presence of leading diagnostic labs, and supportive industrial policies promoting medical device investments. Gujarat, in particular, benefits from initiatives like the Gujarat Medical Device Park which aims to reduce dependency on imports and boost domestic manufacturing.

In contrast, East India and the North-Eastern states are relatively underpenetrated but show potential for growth due to government-backed healthcare schemes and improving connectivity. With improving diagnostic infrastructure, the region is expected to witness higher installation of MRI units, especially mobile or refurbished variants for cost-effective service delivery.

Analyst View & TechSci Opportunity Map

TechSci Research believes that India’s MRI market will continue its upward trajectory, supported by expanding diagnostic infrastructure, increasing disease burden, and favorable government policies. However, to accelerate growth, key areas such as technology localization, capacity building of radiologists, and price rationalization of MRI services must be addressed.

Opportunities lie in domestic manufacturing of MRI systems and components, especially low-to-mid-field systems for tier-2 and rural deployment. Public-private diagnostic partnerships and portable MRI solutions can bridge access gaps. AI-based interpretation tools and cloud-based diagnostic platforms also present promising growth avenues. Future market leaders will be those offering cost-effective, high-quality imaging solutions tailored for the Indian healthcare ecosystem.

Key Players & Market Positioning

Siemens Healthcare Private Limited – Siemens is a dominant player in India’s MRI market with a wide range of 1.5T and 3T systems. The company is known for its high-end innovations like BioMatrix technology, which enhances image quality and patient comfort. Siemens is also expanding its AI-integrated platforms to optimize diagnostic efficiency.
Philips India Limited – Philips offers a diverse MRI portfolio including open and closed MRI systems. The company is focusing on silent scan technology and AI-powered platforms for faster image processing. It has a strong presence in urban centers and is actively involved in mobile MRI initiatives.
Wipro GE Healthcare Private Limited – As a joint venture with a strong domestic base, Wipro GE plays a vital role in making MRI more accessible across India. Its Discovery and SIGNA series cater to a wide spectrum of clinical needs, and its localized manufacturing helps reduce costs.
Hitachi, Ltd. – Known for its open MRI systems, Hitachi addresses patient comfort and claustrophobia concerns. It is preferred for orthopedic and pediatric imaging and holds a good market share in private diagnostic labs.
Voxelgrids Innovations Private Limited – An emerging Indian MRI manufacturer, Voxelgrids focuses on indigenously developed low-field MRI systems aimed at affordable imaging solutions. The company is gaining attention for its Make-in-India approach.
Sanrad Medical Systems Private Limited and Esaote Asia Pacific Diagnostic Private Limited are also contributing through the supply and service of refurbished and specialized MRI equipment. These players cater largely to budget-sensitive diagnostic centers and smaller hospitals.

These companies are leveraging advancements in AI, portable technology, and service support to gain competitive advantage across India's fragmented healthcare landscape.

Future Outlook (2025–2030)

Rising adoption of high-field MRI systems across tier-1 and tier-2 cities
Mobile MRI units expanding reach in rural India
Surge in refurbished MRI installations due to cost advantages
AI-driven image analysis to become standard practice
Increased government investments in diagnostic infrastructure
Wider use of MRI in cardiac and oncology diagnostics
More localized manufacturing of MRI components under Make-in-India
Integration of MRI with tele-radiology platforms
Demand for silent and patient-friendly MRI systems
Greater focus on pediatric and geriatric imaging solutions

FAQs

What is the market size of India’s MRI market in 2024?
The market is valued at USD 259.05 million in 2024.
Which region dominates the MRI market in India?
North India leads due to strong healthcare infrastructure and high patient inflow.
Which field strength category is most in demand?
High-field MRI systems, particularly 1.5T and 3T, are in high demand.
Who are the top players in the Indian MRI market?
Siemens, Philips, GE Healthcare, Hitachi, and Voxelgrids are key players.
What applications drive MRI usage in India?
Brain and neurological diagnostics remain the primary application segment.

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