Apr 28, 2025 - Reading time 2-4 minutes
Magnetic Resonance Imaging (MRI) has long been a cornerstone of modern medical diagnostics, offering high-resolution, radiation-free imaging that plays a crucial role in patient care. As technology evolves, the MRI landscape is undergoing significant transformation, particularly in emerging markets like India. The MRI market size in India is estimated at $ 326.85 million in 2025 (1) and is expected to reach $ 439.67 million by 2030, at a CAGR of 6.11 per cent during the forecast period (2025-2030). This growth is fueled by multiple factors, including improved affordability, increased awareness, and rising private sector investments in diagnostic centres. The MRI industry is witnessing change due to new advancements like helium-free technology, AI-powered imaging, and hybrid cloud integration. These technologies are making diagnostics more accurate, operations more efficient, and the industry more environmentally friendly. These developments promise to redefine patient care, making MRI technology more accessible and impactful than ever before.
Future directions in MRI research and development: The future of MRI research and development is centred around four key innovation areas:
Advancements in MRI technologies: The next phase of MRI innovation will be shaped by advancements in hardware, software, and India’s role as a key player in global research and development:
Future role of MRI in healthcare The future of MRI in healthcare is set to revolutionise diagnostics, enhance patient outcomes, and improve accessibility both in India and globally. AI-driven automation will streamline workflows and reduce human error, while cost-effective innovations from India will shape global advancements. Balancing affordability with high performance will be key to expanding MRI adoption, making it a vital tool in precision medicine and advanced healthcare solutions. India’s MRI market drives global innovation, propelled by rising demand, technological advancements, and strong R&D efforts. AI-powered imaging, cost-efficient MRI solutions, and helium-free technology are making diagnostics more accessible and sustainable. As one of the fastest-growing MRI markets, India is shaping the future of healthcare with a focus on affordability, efficiency, and AI-driven precision. By investing in research and fostering innovation, the industry can ensure widespread access to cutting-edge MRI solutions. This transformation will enhance diagnostics, improve patient outcomes, and position India as a leader in next-generation MRI technology for years to come. DISCLAIMER Information, estimates, expectations and business plans in this press-release may include forward-looking statements for knowledge sharing purposes and not intended to provide medical advice, diagnosis, or treatment suggestions. All information provided by or on behalf of Philips (or any of its affiliates) is provided on an “as is, where is” basis, and no representation or warranty, express or implied, regarding the accurateness or correctness thereof is assumed by Philips in any manner. Philips shall not be liable for any damages arising from the contents including but not limited to direct, indirect, incidental, punitive and consequential damages. Future Directions in MRI research and development: Advancing healthcare innovation