Chan Ye Xin Xi Wang·2026-01-26 01:14Core Insights - The MRI equipment market is experiencing significant growth, with the global MRI main magnet market size projected to increase from 2.61 billion in 2020 to 3.08 billion by 2025, reflecting a compound annual growth rate (CAGR) of 3.4% [12] - In China, the MRI main magnet market is expected to reach 3.08 billion by 2025, with a year-on-year growth of 6.9%, surpassing the global growth rate [12] - Major companies like Siemens Healthineers, GE Healthcare, and Philips Healthcare are focusing on in-house production of core components, creating technological barriers and market advantages [12][14] MRI Main Magnet Industry Overview - MRI (Magnetic Resonance Imaging) relies on strong, stable magnetic fields, with the main magnet being a critical component that generates the magnetic field [1][5] - Main magnets can be categorized into permanent magnets and electromagnetic types, with superconducting magnets being the preferred choice for high-field MRI systems [5][6] - The main magnet system accounts for approximately 30%-40% of the cost in 1.5T MRI systems and up to 50% in 3.0T systems [11] Market Dynamics - The demand for MRI equipment is closely linked to the overall development of the MRI industry, which is expanding due to increased healthcare spending and technological advancements [12] - The Chinese MRI equipment market is projected to recover in 2024 after a decline in 2023, with an expected growth to 17.59 billion by 2025, marking a 6% increase [9] Competitive Landscape - The top five companies in the Chinese market for superconducting magnets in 2024 are Siemens Healthineers, GE Healthcare, United Imaging, Philips Healthcare, and the third-party supplier, Jiexin Superconductor, which holds a 7.2% market share [14] - Companies lacking the capability to produce their own magnets often rely on third-party suppliers, leading to a competitive disadvantage [12] Industry Trends - The MRI main magnet industry is evolving towards helium-free, high-field, and digital intelligent technologies, enhancing reliability and reducing maintenance costs [15] - Recent advancements include the development of a domestically produced 5.0T MRI system by United Imaging, indicating progress in breaking foreign technology monopolies [15]