Brazil Magnetic Resonance Imaging Market

Brazil Magnetic Resonance Imaging Market Insights Forecasts to 2035

• The Brazil Magnetic Resonance Imaging Market Size Was Estimated at USD 350.20 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 5.8% from 2025 to 2035
• The Brazil Magnetic Resonance Imaging Market Size is Expected to Reach USD 651 Million by 2035

According to a research report published by Decisions Advisors, The Brazil Magnetic Resonance Imaging Market Size is Anticipated to Reach USD 651 Million by 2035, growing at a CAGR of 5.8% from 2025 to 2035. The increasing prevalence of diseases, recent technological advancements, escalating investment in modern healthcare equipment, rising procurement of advanced MRI machines, growing medical tourism activities in Brazil, and heightened public and medical awareness represent some of the key factors driving the market.

Market Overview

Magnetic Resonance Imaging (MRI) is a non-invasive medical imaging technique that uses powerful magnets, radio waves, and computer technology to produce detailed images of organs, tissues, and internal structures. It helps diagnose a wide range of conditions by offering high-contrast, cross-sectional views without radiation exposure. MRI is widely used for brain, spine, joint, and soft-tissue evaluations with exceptional clarity. Furthermore, the magnetic resonance Imaging (MRI) market is growing due to rising cases of chronic and neurological diseases, increasing demand for non-invasive and radiation-free diagnostics, and rapid technological advancements like high-field MRI and AI-enhanced imaging. Expanding healthcare infrastructure, an aging population, and the adoption of portable MRI systems further strengthen market growth, especially in emerging regions with improving diagnostic capabilities. Furthermore, recent technological advancements, such as high-field MRIs that offer faster scans and clearer images, are catalysing the market growth. In addition, the escalating investment in modern healthcare equipment by the government and private organizations to ensure access to optimal care for patients is contributing to the market growth.

Report Coverage

This research report categorizes the market for the Brazil magnetic resonance imaging market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Brazil magnetic resonance imaging market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition, have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Brazil magnetic resonance imaging market.

Driving Factors

Brazil’s MRI market is driven by rising cases of neurological, cardiovascular, and cancer disorders, increasing demand for high-quality diagnostic imaging, and the continuous expansion of private healthcare facilities. Growing adoption of high-field MRI systems, improved reimbursement, and modernization of imaging centers further support growth. A recent development boosting the market is the introduction of advanced silent-scan and AI-enabled MRI technologies, which enhance image clarity, reduce scan time, and improve patient comfort across Brazilian hospitals.

Restraining Factors

Brazil’s MRI market faces restraints such as high equipment and maintenance costs, limited reimbursement, and shortages of skilled radiologists. Slow regulatory approvals, uneven access in rural regions, and dependence on costly imported systems further hinder adoption. Economic instability and budget constraints also reduce investment in advanced MRI technologies.

Market Segmentation

The Brazil magnetic resonance imaging market share is categorized by architecture, field strength, and application

• The closed MRI systems segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period.  

The Brazil magnetic resonance imaging market is segmented by architecture into closed MRI systems, open MRI systems. Among these, the closed MRI systems segment accounted for the largest revenue market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is driven by their support for a wider range of advanced imaging techniques, including functional MRI, spectroscopy, and higher-field scans that open systems cannot match. Their stronger magnets produce clearer soft-tissue contrast, essential for detecting early-stage diseases. Large hospitals prioritize closed MRIs due to higher patient throughput, reliable performance, and long-term cost efficiency. Government and private investments also favor these systems because they align with global diagnostic standards, reinforcing their dominance across the country.

• The high field MRI systems segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.   

The Brazil magnetic resonance imaging market is segmented by field strength into low field MRI systems, high field MRI systems, very high field MRI systems, and ultrahigh field MRI systems. Among these, the high field MRI systems segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growth of the segment is due to they are widely supported by Brazilian radiology protocols, making them the clinical standard for routine and advanced diagnostics. Their compatibility with AI-based enhancement tools and faster scanning sequences improves workflow efficiency. Moreover, manufacturers offer more models, service networks, and financing options in this category, making procurement easier for hospitals. High-field systems also strike the best balance between performance and operational costs, driving their strong adoption across both public and private healthcare facilities.

• The neurology segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.   

The Brazil magnetic resonance imaging market is segmented by application into oncology, neurology, cardiology, gastroenterology, and musculoskeletal. Among these, the neurology segment accounted for the largest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The growth of the segment is due to MRI is the gold-standard imaging method for detecting brain and spinal disorders, including stroke, dementia, epilepsy, multiple sclerosis, and tumors. Brazil has a rising burden of neurological diseases and an aging population, increasing demand for precise neuroimaging. MRI provides superior soft-tissue contrast, enabling early diagnosis and treatment planning. Hospitals and diagnostic centres also prioritize neurological MRI due to high clinical need and strong referral volumes, strengthening this segment’s market share.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Brazil magnetic resonance imaging market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Siemens Healthineers
• GE Healthcare
• Koninklijke Philips N.V.
• Canon Medical Systems
• Fujifilm Holdings Corporation
• Esaote S.p.A
• Neusoft Medical Systems
• United Imaging Healthcare
• Hyperfine, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

In November 2024, Fujifilm Healthcare unveiled the ECHELON Synergy 1.5T MRI system at the RSNA 2024 Conference. This system features deep learning reconstruction for enhanced image quality and faster scans, addressing challenges like patient motion during MRI exams.

Market Segment

This study forecasts revenue at the Brazil, regional, and country levels from 2020 to 2035. Decisions Advisors has segmented the Brazil magnetic resonance imaging market based on the below-mentioned segments:

Brazil Magnetic Resonance Imaging Market, By Architecture

• Closed MRI Systems
• Open MRI Systems

Brazil Magnetic Resonance Imaging Market, By Field Strength

• Low Field MRI Systems
• High Field MRI Systems
• Very High Field MRI Systems
• Ultra High MRI Systems

Brazil Magnetic Resonance Imaging Market, By Application

• Oncology
• Neurology
• Cardiology
• Gastroenterology
• Musculoskeletal