Forecast Period | 2026-2030 |
Market Size (2024) | USD 259.05 Million |
Market Size (2030) | USD 346.82 Million |
CAGR (2025-2030) | 4.81% |
Fastest Growing Segment | High-Field MRI Systems |
Largest Market | West India |
Market Overview
India MRI (Magnetic Resonance Imaging) Market was valued at USD 259.05 Million in 2024 and is anticipated to reach USD 346.82 Million by 2030, with a CAGR of 4.81% during 2025-2030.
The MRI market is being propelled by several key factors. The increasing prevalence of chronic diseases such as cancer, neurological disorders, and cardiovascular ailments has driven the demand for advanced diagnostic tools like MRI scanners. This trend is further bolstered by rising healthcare infrastructure investments and a growing awareness among both healthcare providers and patients regarding the benefits of early and accurate diagnosis.
Technological advancements in MRI technology, including the development of high-field strength magnets and better image resolution, are enhancing diagnostic capabilities and expanding the market. Favorable government initiatives aimed at improving healthcare access and affordability, along with a burgeoning medical tourism sector, are contributing to the market's growth. As a result, the India MRI market is poised for continued expansion, driven by these converging factors that prioritize better healthcare outcomes and diagnostic precision.
Key Market Drivers
Rise in Abdominal Problems
Early detection of cardiovascular disease is critical in India, where heart-related conditions account for over 2 million deaths annually. This high disease burden is a key driver of growth in the MRI Market in India, as magnetic resonance imaging plays a central role in advanced cardiovascular diagnostics. Among available imaging modalities, MRI stands out for its superior soft-tissue contrast and ability to deliver highly detailed, non-invasive cardiac assessments.
MRI systems use powerful magnetic fields, typically 1.5 Tesla or 3.0 Tesla, to manipulate hydrogen molecules in the body. When exposed to radiofrequency pulses, these molecules temporarily align and then emit signals as they return to equilibrium. The MRI scanner captures and processes these signals to generate high-resolution, cross-sectional images of the heart and surrounding tissues, enabling precise visualization of cardiac structure, blood flow, and tissue viability within minutes.
The exceptional precision of cardiac MRI allows clinicians to detect cardiovascular abnormalities at early stages, supporting timely intervention and personalized treatment planning. This diagnostic advantage is driving broader adoption of MRI across India, with installations expanding beyond major metropolitan hospitals into Tier-2 and Tier-3 cities. Growing awareness among India’s more than 1.2 million registered medical practitioners, along with increasing patient education around preventive healthcare, is further strengthening demand.
Supportive policy frameworks are also accelerating market growth. Government initiatives such as the Production-Linked Incentive Scheme are encouraging domestic manufacturing of advanced medical devices, while large-scale healthcare access programs like Ayushman Bharat, which covers over 500 million beneficiaries, are expanding access to advanced diagnostic imaging. Together, these factors position MRI as a cornerstone technology in combating cardiovascular disease, reinforcing its pivotal role in improving diagnostic accuracy and health outcomes across the MRI Market in India..
Growing Health Expenditure
According to the Economic Survey 2021-22, the
Indian government significantly increased its budgeted health expenditure during the pandemic year, allocating 2.1% of GDP, up from 1.3% in the
previous fiscal year. This
increase aligns with the 2017 National Health Policy's target of achieving
2.5% of GDP in health spending by 2025. Such augmented funding underscores a
concerted effort to enhance healthcare infrastructure, including the
procurement of advanced medical equipment such as MRI systems.
The government's Production Linked Incentive (PLI)
scheme plays a pivotal role in fostering domestic manufacturing capabilities in
India, particularly in the medical devices sector. By incentivizing local
production of MRI systems, the PLI scheme not only aims to reduce dependence on imports but also promotes the "Made in India"
initiative. This strategic approach not only enhances self-sufficiency but also
augments the value proposition of the India MRI market by ensuring quality,
affordability, and accessibility of medical devices for healthcare providers
and patients alike. As a result, these initiatives are expected to contribute
positively to the growth trajectory of the India MRI market in the coming
years.
Rise in Prevalence of Chronic Diseases
The India MRI market is expected to grow steadily in the coming years, driven by sustained demand from hospitals, clinics, diagnostic and imaging centers, and ambulatory surgical facilities as the detection and management of chronic diseases intensify. This demand is being reinforced by India’s growing diagnostic need base for conditions where MRI is routinely used across the care pathway; for instance, ICMR National Cancer Registry Programme estimates cited by the Government of India show cancer incidence rising to 14,61,427 cases in 2022 from 13,92,179 in 2020. At the same time, government initiatives to expand healthcare access are increasing patient throughput into organised care settings that can refer for advanced imaging; for instance, Ayushman Bharat PM-JAY reported more than 34.7 crore Ayushman cards created and 7.37 crore hospital admissions authorised as of 2024. In parallel, primary-care strengthening through 1,80,906 Ayushman Arogya Mandirs operationalised as of 31 October 2025 supports earlier screening and referrals, while ongoing MRI technology improvements such as higher resolution and shorter scan times continue to improve clinical utility and provider willingness to invest in MRI systems..
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Key Market Challenges
Cost and Accessibility
Cost and Accessibility and skilled workforce constraints remain major challenges for the India MRI market because MRI systems require high upfront investment plus ongoing costs for installation, maintenance, upgrades, electricity and helium, which can be prohibitive for smaller hospitals and facilities in underserved regions, ultimately affecting scan affordability and timely access for patients.
For instance, in a Lok Sabha reply, the Ministry of Health and Family Welfare noted that equipment availability is not maintained centrally because health is a state subject, and it also reported that AIIMS New Delhi had 3 MRI machines, Safdarjung Hospital had 2, Dr Ram Manohar Lohia Hospital had 2 and Lady Hardinge Medical College and associated hospitals had 1, with outpatient waiting periods at AIIMS extending to 1 month for cardio radiology and 9 to 12 months for neuro radiology and radio diagnosis, indicating how limited capacity can translate into long queues even in major public institutions.
Another significant challenge is the shortage of skilled professionals such as radiologists, MRI technologists and biomedical engineers needed to operate and maintain MRI systems, since the modality requires specialized training in acquisition protocols, quality assurance and interpretation, and when staffing is insufficient it contributes to slower throughput, delayed reporting and uneven service availability between large cities and smaller towns and rural areas.
Key Market Trends
Technological Advancements and Innovation
Technological advancements in MRI systems are
driving significant changes in the Indian market. Modern MRI machines now
feature higher field strengths, such as 3 Tesla and even 7 Tesla systems, which
offer improved image resolution and faster scan times. These advancements are
crucial for enhancing diagnostic accuracy and efficiency, particularly in
complex cases such as neurological disorders, cardiac imaging, and oncology. For
instance in August 2023, Union Minister of State for Science &
Technology, launched India’s inaugural indigenously developed, affordable,
lightweight, ultrafast, high-field (1.5 Tesla), next-generation MRI Scanner in New Delhi.
With the introduction of this
indigenous MRI scanner, the cost of MRI scanning is expected to decrease
significantly for the general public, thereby enhancing accessibility to what
has traditionally been a costly procedure. This development will also lead to substantial
reductions in capital expenditure previously incurred in procuring MRI scanners from international markets, thereby conserving foreign
exchange reserves. Innovations in software algorithms and imaging
techniques, such as functional MRI (fMRI) and diffusion-weighted imaging (DWI),
further expand the diagnostic capabilities of MRI systems.
The integration of artificial intelligence (AI) and
machine learning (ML) into MRI analysis is another notable trend. AI-powered
algorithms can assist radiologists in interpreting images more accurately and
efficiently, leading to faster diagnosis and reduced turnaround times. This
trend is expected to gain traction as AI technologies continue to mature and
healthcare providers seek to optimize workflow and diagnostic accuracy.
Focus on Affordable Healthcare Solutions
There is a growing emphasis on developing
affordable MRI solutions tailored to the needs of the Indian market. Domestic
manufacturers and global suppliers are introducing cost-effective MRI systems
that balance performance and affordability, serving both urban healthcare
facilities and rural healthcare centers. Initiatives such as the government's
Production Linked Incentive (PLI) scheme for medical devices aim to promote
local manufacturing, reduce dependency on imports, and make advanced healthcare
technologies more accessible across diverse socioeconomic segments.
Segmental Insights
Field Strength Insights
Based on field strength, High-Field MRI systems currently dominate the MRI Market in India, outperforming Low- to Mid-Field MRI systems in both adoption and clinical preference. High-Field MRI systems typically operate at 1.5 Tesla or higher, while Low- to Mid-Field systems generally range from 0.2 Tesla to 1.2 Tesla.
The dominance of High-Field MRI systems in India is primarily driven by their superior image quality and higher resolution compared to lower-field alternatives. The enhanced signal-to-noise ratio achieved at higher field strengths enables clearer visualization of anatomical structures and subtle pathological changes. This capability is critical for accurate diagnosis and treatment planning across complex clinical areas, including neurology, oncology, and musculoskeletal imaging.
Ongoing technological advancements have further expanded the clinical utility of High-Field MRI systems. Innovations such as stronger magnet architectures, advanced radiofrequency coil designs, and sophisticated imaging techniques including functional MRI (fMRI) and diffusion tensor imaging (DTI) allow healthcare providers to perform a broader range of advanced diagnostic studies with greater efficiency and precision.
Rising demand for comprehensive, high-throughput diagnostic services across both urban and semi-urban regions of India is accelerating the adoption of High-Field MRI systems. Although these systems entail higher upfront investment and operating costs, their diagnostic accuracy, versatility, and support for advanced imaging applications continue to justify adoption by hospitals and diagnostic centers. As a result, High-Field MRI systems remain a key growth driver within the MRI Market in India.
Application Insights
Based on Application, the
Brain & Neurological imaging segment is currently dominating over other specialties
such as Oncology, Spine & Musculoskeletal, Abdominal, and Cardiac imaging.
This dominance can be attributed to several key factors that underscore MRI's critical role in diagnosing and monitoring neurological disorders and
brain-related conditions. Brain & Neurological MRI is essential for
detecting and evaluating a wide range of conditions affecting the brain, spinal
cord, and nervous system.
These conditions include stroke, brain tumors,
multiple sclerosis, neurodegenerative diseases (such as Alzheimer's and
Parkinson's disease), epilepsy, and traumatic brain injuries. The
high-resolution imaging capabilities of MRI allow for detailed visualization of
brain structures, lesions, and abnormalities, facilitating accurate diagnosis
and treatment planning.
The increasing prevalence
of neurological disorders and the growing awareness among healthcare providers
and patients about the benefits of early detection and precise diagnosis have
fueled the demand for Brain & Neurological MRI services in India. As the
healthcare infrastructure expands and diagnostic capabilities improve, there is
a rising preference for MRI over other imaging modalities due to its
non-invasive nature, lack of ionizing radiation, and superior soft-tissue
contrast.
Advancements in MRI technology, including higher field strengths
(such as 1.5 Tesla and 3 Tesla systems), specialized imaging sequences (such as
diffusion-weighted imaging and functional MRI), and advanced post-processing
techniques, have enhanced the diagnostic accuracy and clinical utility of Brain
& Neurological MRI. These technological innovations allow healthcare
providers to perform detailed assessments of brain function, blood flow
dynamics, and tissue integrity, thereby facilitating early intervention and
personalized patient care.
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Regional Insights
Within the MRI Market in India, the Western region currently dominates the North, South, and East regions in terms of adoption and installed base. States such as Maharashtra, Gujarat, and Rajasthan have witnessed substantial growth in healthcare infrastructure, driving higher uptake of advanced diagnostic technologies, including MRI systems.
The dominance of Western India is largely supported by major healthcare hubs such as Mumbai, Pune, and Ahmedabad, which host a dense concentration of multispecialty hospitals, large diagnostic chains, medical colleges, and research institutions. These cities attract patients from across India and neighboring regions for advanced and specialized medical services, significantly boosting demand for MRI diagnostics.
Strong economic development, higher healthcare spending, and sustained private-sector investment further reinforce the Western region’s leadership. The presence of corporate hospital networks, medical education institutions, and organized healthcare clusters has accelerated the adoption of high-field MRI systems, particularly for complex applications in neurology, oncology, and cardiology.
Additionally, the Western region’s strategic geographic location and superior transport and logistics connectivity facilitate easier access to global MRI equipment suppliers and technology partnerships. This advantage supports faster deployment of next-generation MRI systems and positions Western India as a key innovation and adoption center within the MRI Market in India.
Recent Developments
- In January 2026, Wipro GE Healthcare unveiled SIGNA Prime Elite in India as a “Made in India” AI-powered MRI system, positioned around faster and more comfortable scans with AI features such as AIR Recon DL and AIR.
- In October 2025, the first indigenous "Made-in-India" 1.5 Tesla (T) MRI scanner is scheduled to be installed at the All India Institute of Medical Sciences (AIIMS) in Delhi for clinical trials. This initiative, a collaboration between AIIMS and the Society for Applied Microwave Electronics Engineering & Research (SAMEER), is expected to reduce MRI scan costs by over 30% and make the technology commercially available by June 2026.
- In July 2025, India's first AI-powered, ultra-fast MRI scanner was launched at Mahajan Imaging & Labs' new center in Dwarka, Delhi. This system is designed to enhance diagnostic precision and speed.
- In July 2025, the Indian Institute of Technology (IIT) Delhi launched a new MRI research facility equipped with a 1.5T clinical-grade scanner to foster innovation and the integration of AI in MRI technology.
- In April 2025, Paras Defence and Space Technologies began developing key technology for India’s first homegrown MRI machine. Amit Mahajan, Director at Paras Defence, stated that local manufacturing would help lower costs and expand access to advanced diagnostic tools. The initiative marked a crucial step toward self-reliance in medical technology, aiming to improve affordability and availability of MRI services across the country, particularly in underserved and rural areas.
- In March 2025, India successfully developed its first indigenous MRI machine, marking a major milestone in the country's medical technology sector. This achievement aimed to significantly reduce the cost of MRI scans, making advanced diagnostic imaging more affordable and accessible, especially in rural and underserved areas. By manufacturing the machine locally, India reduced its reliance on expensive imports and strengthened its healthcare infrastructure. The indigenous MRI system was expected to enhance early diagnosis and treatment of various medical conditions, contributing to better patient outcomes. This initiative also supported the government’s broader vision of self-reliance in critical healthcare technologies.
Key Market Players
- Siemens Healthcare Private
Limited
- Philips India Limited
- Wipro GE Healthcare Private
Limited
- Hitachi, Ltd.
- Erbis Engineering Co., Ltd
- Voxelgrids Innovations Private
Limited
- Sanrad Medical Systems Private
Limited
- Esaote Asia Pacific Diagnostic
Private Limited
- Wipro Ge Healthcare Private
Limited
- Voxelgrids Innovations Private
Limited
|
By Field Strength
|
By Type
|
By Architecture
|
By Application
|
By End User
|
By Source
|
By Product
|
By Region
|
- High-Field MRI Systems
- Low-to-Mid Field MRI System
- Others
|
|
- Closed MRI Systems
- Open MRI Systems
|
- Brain & Neurological
- Oncology
- Spine & Musculoskeletal
- Abdominal
- Cardiac
- Others
|
- Hospitals
- Imaging Centers
- Ambulatory Surgical Centers Others
|
|
|
|
Report Scope:
In this report, the India MRI Market has been segmented into the following categories, in addition to
the industry trends which have also been detailed below:
- India MRI Market, By
Field Strength:
o High-Field MRI Systems
o Low-to-Mid Field MRI System
o Others
- India MRI Market, By
Type:
o Fixed
o Mobile
- India MRI Market, By
Architecture:
o Closed MRI Systems
o Open MRI Systems
- India MRI Market, By
Application:
o Brain & Neurological
o Oncology
o Spine & Musculoskeletal
o Abdominal
o Cardiac
o Others
- India MRI Market, By
End User:
o Hospitals
o Imaging Centers
o Ambulatory Surgical Centers
Others
- India MRI Market, By
Source:
o Import
o Domestic
- India MRI Market, By
Product:
o Refurbished
o New
- India MRI Market, By
Region:
o North
o South
o West
o East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
present in the India MRI Market.
Available Customizations:
India MRI Market report
with the given market data, TechSci Research offers customizations according
to a company's specific needs. The following customization options are
available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
India MRI Market is an
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