| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 5.23 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Brazil Magnetic Resonance Imaging (MRI) Market Analysis
The Brazil Magnetic Resonance Imaging Market is expected to register a CAGR of 5.23% during the forecast period.
The COVID-19 pandemic affected the market studied extensively during the initial months of the pandemic. Due to the significance of MRI scans in diagnosing COVID-related neurological and cardiovascular ailments in Brazil, the market witnessed growth during the pandemic. For instance, according to a study published in MedRxiv in April 2021, patients with COVID-19 developed neurological symptomatology with consequent repercussions on imaging examinations. Different peripherical and central nervous system abnormalities were reported in patients with COVID-19, such as focal cerebral arteriopathy, acute ischemic infarct, hemorrhage, acute hemorrhagic necrotizing encephalopathy, and microhemorrhage. As per the study, 40% of COVID-19 patients from the brain scan group were abnormal on brain CT and MRI, around 22.9% of cases experienced bleeding or micro bleeding, and 8.6% encountered restricted diffusion lesions. The neurological complications were majorly identified in recovered patients through MRI findings; this created a huge demand for MRI in Brazil, which helped to keep the market studied steadily during the pandemic. In the coming years, the market is expected to witness significant growth owing to the increase in chronic diseases utilizing MRI devices and advancements in MRI equipment in Brazil.
Factors such as an increase in chronic diseases, a rise in the installation of MRI devices in hospitals, and rapid technological advancements in MRI devices are expected to drive market growth in Brazil. For instance, according to the Estimated Cancer Incidence in Brazil, 704,000 new cancer cases are estimated to be diagnosed in 2023 in Brazil. Excluding non-melanoma skin cancer, it is expected the occurrence of 483,000 new cases, 49.5% in males (239,000 new cases) and 50.5% (244,000 new cases) in females. Childhood and adolescent cancer (0 to 19 years) is expected to account for 7,900 cases, with a slight increase among males, with 4,200 new cases and 3,700 for females in 2023. Thus, owing to the high incidence rate of cancer in Brazil, the demand for MRIs is expected to rise, fuelling the market growth over the forecast period.
Additionally, rapid advancements and innovations in MRI equipment in Brazil are expected to propel market growth. For instance, in April 2021, Diagnostics da America SA (DASA), a medical diagnostics company in Brazil, developed an automated system for classifying brain MRI scans as either "likely normal" or "likely abnormal." The approach relies on a convolutional neural network (CNN), a sophisticated Artificial Intelligence (AI) type that allows the model to learn directly from the images. Technological advancements such as the deployment of AI in MRI scanning are expected to drive the growth of the MRI scanners market in Brazil.
Therefore, with the advantages of MRI in detecting various chronic ailments and the increasing technological advancements in the magnetic resonance imaging technique, the market studied is expected to witness substantial growth over the forecast period. However, the high cost of MRI equipment is expected to hinder the market growth over the study period.
Brazil Magnetic Resonance Imaging (MRI) Market Trends
Oncology is Expected to Witness Strong Growth Over the Forecast Period
MRI is an imaging test that can detect tumor/cancerous cells in the body and can also be used to look for signs that cancer may have metastasized (spread) from where it started to another part of the body. MRI system uses powerful magnets and radio waves to make detailed, computer-generated cross-section pictures of the body, which doctors later use to diagnose cancerous cells/tissue. The oncology segment is expected to witness significant growth owing to the rise in cancer cases in Brazil, the increase in the adoption of MRI equipment for tumor diagnosis, and the rise in healthcare expenditure in Brazil. For instance, as per the Estimated Cancer Incidence in Brazil 2023-2025, Males in the South area are expected to have the highest incidence of lung cancer (24.19/100,000), double the rate for all other regions in Brazil during 2023-2025.
Furthermore, adopting MRI equipment in breast cancer diagnosis across Brazil is expected to drive market growth over the forecast period. For instance, as per the study published in March 2021 by Radiologia Brasileira, breast magnetic resonance imaging (MRI) is primarily used to screen high-risk individuals. The technique is still underutilized in Brazil for identifying high-risk females, staging the illness, and assessing how well it responds to neoadjuvant treatment. Additionally, the presence of key players and their strategic activities across Brazil is expected to bolster market growth. For instance, in January 2021, Hospital e Maternidade acquired an MRI machine, differentials of the 3 Tesla Signa Pioneer magnetic resonance equipment from the GE. The new acquisition at Hospital e Maternidade Brasil integrates the extensive radiology service with two other 1.5 Tesla magnetic resonance equipment.
Thus, owing to the rise in cancer cases and the adoption of MRI equipment in cancer detection, the studied segment is expected to witness significant growth over the study period.
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Closed MRI Systems is Expected to Witness a Significant Growth Over the Forecast Period
A closed MRI machine is a capsule or tube-like space in which the patient can lie in the center while images are taken of their body. The system includes a large magnet and radio wave that sends and receives signals to and from the body. The closed MRI segment is expected to witness significant market growth due to the rise in chronic diseases, product launches, and rapid technological advancements in closed MRI systems. For instance, according to the February 2023 update by the Ministry of Health Brazil, at least 25% of patients with epilepsy condition in Brazil are in severe stages. Thus, the increased risk and prevalence of chronic neurological disorders like epilepsy are expected to increase the demand for closed MRI systems, contributing to segment growth over the forecast period.
Additionally, the presence of key players and their strategic product launches, agreements, and market expansion in Brazil is expected to bolster the market growth over the forecast period. For instance, in August 2021, SyntheticMR entered a general software license agreement for distribution with Siemens Healthineers. The agreement enables Siemens Healthineers to market, sell, and distribute SyntheticMR's product package SyMRI NEURO to their customers in various markets, including Brazil. Similarly, in January 2023, hospital Nipo-Brasileiro invested in new diagnostic imaging technologies. Thus, an increase in the installation of MRI is expected to increase the demand to adopt closed MRI systems, fueling the market growth over the forecast period.
Therefore, due to the high prevalence of chronic diseases and strategic activities by the key players, the studied segment is expected to grow significantly over the study period.
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Brazil Magnetic Resonance Imaging (MRI) Industry Overview
The Brazil magnetic resonance imaging market is moderately competitive and consists of several major players. A few of the major players currently dominate the market in terms of market share. Companies like Siemens Healthcare GmbH, GE HealthCare, Canon Inc. (Canon Medical Systems Corporation), and Koninklijke Philips NV hold a significant market share in the magnetic resonance imaging market.
Brazil Magnetic Resonance Imaging (MRI) Market Leaders
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Koninklijke Philips NV
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Fujifilm Holdings Corporation
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Siemens Healthcare GmbH
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Canon Inc. (Canon Medical Systems Corporation)
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GE HealthCare
- *Disclaimer: Major Players sorted in no particular order
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Brazil Magnetic Resonance Imaging (MRI) Market News
- May 2023: The Hospital Irmã Dulce inaugurated the institution's new magnetic resonance service. Around ZAR 8 million was invested in the project, including building costs and equipment, with funding from the Ministry of Health and donations from partners and Partner-Protectors of the Anjo Bom do Brasil organization.
- February 2023: Governor Ronaldo Caiado (União Brasil) inaugurated the Therapeutic Diagnostic Support Service (SADT) at the Hospital do Centro Norte Goiano in Uruaçu. The new structure is prepared to carry out digital X-ray, ultrasound, endoscopy, cyclo ergometry, Holter/map, and magnetic resonance exams.
Brazil Magnetic Resonance Imaging (MRI) Industry Segmentation
As per the scope of this report, magnetic resonance imaging is a medical imaging technique that is used in radiology to produce pictures of the anatomy and the physiological processes of the body. These pictures are further used to diagnose and detect the presence of abnormalities in the body. Brazil's Magnetic Resonance Imaging (MRI) Market is segmented by Architecture (Closed MRI Systems and Open MRI Systems), Field Strength (Low Field MRI Systems, High Field MRI Systems, Very High Field MRI Systems, and Ultra-high MRI Systems), Application (Oncology, Neurology, Cardiology, Gastroenterology, Musculoskeletal, and Other Applications). The report offers the value (in USD) for the above segments.
| By Architecture | Closed MRI Systems |
| Open MRI Systems | |
| By Field Strength | Low Field MRI Systems |
| High Field MRI Systems | |
| Very High Field MRI Systems and Ultra-high MRI Systems | |
| By Application | Oncology |
| Neurology | |
| Cardiology | |
| Gastroenterology | |
| Musculoskeletal | |
| Other Applications |
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Brazil MRI Market Research FAQs
What is the current Brazil Magnetic Resonance Imaging (MRI) Market size?
The Brazil Magnetic Resonance Imaging (MRI) Market is projected to register a CAGR of 5.23% during the forecast period (2025-2030)
Who are the key players in Brazil Magnetic Resonance Imaging (MRI) Market?
Koninklijke Philips NV, Fujifilm Holdings Corporation, Siemens Healthcare GmbH, Canon Inc. (Canon Medical Systems Corporation) and GE HealthCare are the major companies operating in the Brazil Magnetic Resonance Imaging (MRI) Market.
What years does this Brazil Magnetic Resonance Imaging (MRI) Market cover?
The report covers the Brazil Magnetic Resonance Imaging (MRI) Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Brazil Magnetic Resonance Imaging (MRI) Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Brazil Magnetic Resonance Imaging (MRI) Industry Report
Statistics for the 2025 Brazil Magnetic Resonance Imaging (MRI) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Magnetic Resonance Imaging (MRI) analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
