MRI superconducting magnet market to reach $3.09 billion by 2030

The market for superconducting magnets used in MRI systems is projected to rise from $2.13 billion in 2025 to $3.09 billion by 2030, driven by higher diagnostic imaging demand, broader MRI adoption and new superconducting materials. North America led in 2025, while Asia-Pacific is expected to grow the fastest.

Why it matters: - Superconducting magnets are the core component that lets MRI systems produce strong, stable magnetic fields for high-resolution scans. - Rising MRI demand affects hospitals, diagnostic centers and patients who need faster and more accurate imaging for chronic and complex conditions. - The market outlook points to continued investment in MRI infrastructure, cryogenics and next-generation magnet materials.

What happened: - The Business Research Company published its Superconducting Magnet For Medical Magnetic Resonance Imaging (MRI) System Global Market Report 2026. - The report puts the market at $2.13 billion in 2025 and $2.3 billion in 2026. - The report forecasts the market will reach $3.09 billion by 2030. - The report says North America was the largest regional market in 2025. - The report says Asia-Pacific is expected to post the fastest growth through the forecast period. - The company published a free sample of the report. - The company also published the full market report.

The details: - The report links 2025-26 growth to limited supply of high-field superconducting magnets, dependence on liquid helium cooling, rising use of neurological and musculoskeletal imaging, growing hospital adoption of MRI systems and advances in low-temperature superconductor materials. - The report projects a 2025-2030 compound annual growth rate of 7.7%. - Superconducting magnet coils are cooled to near absolute zero, usually with liquid helium, to eliminate electrical resistance. - The magnets typically generate fields ranging from 1.5 to 3 Tesla or higher. - The magnetic field aligns hydrogen nuclei in the body, which enables the detailed images used for diagnosis. - The report says diagnostic imaging demand is a major growth driver because chronic diseases require earlier and more precise diagnosis. - The report says stronger magnetic fields improve image clarity and diagnostic accuracy while shortening scan times and increasing patient throughput. - The UK’s National Health Service reported 47.2 million imaging tests in England in the previous year, up 4.8% from 45.0 million. - The report highlights growth drivers including high-temperature superconductors, pediatric and oncology imaging, R&D in superconducting materials, open and dedicated MRI systems, AI and big data analytics in imaging workflows and efforts to cut helium use and cryogenic costs. - The report identifies key trends including greater adoption of high-field MRI systems, more specialized imaging uses, progress in superconducting wire technologies and growth in diagnostic imaging centers. - The report covers Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

Between the lines: - The market is growing on both sides of the MRI equation: more scan volume and more technical demand for stronger, more efficient magnets. - Helium dependence remains a cost and supply pressure point, which helps explain why lower-consumption systems and high-temperature superconductors are getting attention. - The regional split suggests mature demand in North America and faster installation growth in Asia-Pacific.

What's next: - The report expects future growth to come from broader use in pediatric and oncology imaging and from more AI-enabled imaging workflows. - MRI makers and magnet suppliers are likely to focus on higher-field systems, superconducting wire improvements and lower cryogenic operating costs. - The Business Research Company says its 2026 reports include TAM analysis, company scoring matrices, forecasting dashboards, market hotspot infographics and updated graphics and tables.