Magnetic Particle Imaging Market Analysis, Size, and Share by 2031

Historic Data: 2021-2023   |   Base Year: 2024   |   Forecast Period: 2025-2031

Coverage: Magnetic Particle Imaging Market covers analysis By Modality ( Magnetic Resonance Imaging, Positron Emission Tomography ); Application ( Vascular Imaging, Perfusion Imaging, Oncology Imaging, Cell Tracking, Inflammation Imaging, Trauma Imaging ); End User ( Hospitals, Specialty Clinics ), and geography, and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Date : Aug 2025
  • Report Code : TIPRE00018623
  • Category : Life Sciences
  • Status : Upcoming
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 150

The Magnetic Particle Imaging Market is expected to register a CAGR of 12% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by Modality (Magnetic Resonance Imaging, Positron Emission Tomography). The report further presents analysis based on the Application (Vascular Imaging, Perfusion Imaging, Oncology Imaging, Cell Tracking, Inflammation Imaging, Trauma Imaging). The report is segmented by End User (Hospitals, Specialty Clinics). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.

Purpose of the Report

The report Magnetic Particle Imaging Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Magnetic Particle Imaging Market Segmentation

Modality

  • Magnetic Resonance Imaging
  • Positron Emission Tomography

Application

  • Vascular Imaging
  • Perfusion Imaging
  • Oncology Imaging
  • Cell Tracking
  • Inflammation Imaging
  • Trauma Imaging

End User

  • Hospitals
  • Specialty Clinics

Geography

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

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Magnetic Particle Imaging Market: Strategic Insights

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Magnetic Particle Imaging Market Growth Drivers

  • Advances in Medical Imaging: Advances in medical imaging technologies serve as a major driver for the MPI market. MPI offers several advantages over the traditional imaging modalities, including MRI and CT scans: the possibility of high temporal and spatial resolution, rapid imaging, and non-ionizing radiation. Such advantages make MPI appealing to specific applications requiring real-time, high-resolution imaging of dynamic biological processes, for instance, the movement of nanoparticles, or other functions. As medical diagnostics advance, MPI has become one promising alternative for increasing the accuracy of diagnostic measures and ensuring the safety of the patients.
  • Increasing Demand for Non-Ionizing Image Solutions: With increasing concerns over damaging ionizing radiation from the conventional imaging methods like CT scans and X-rays and the increasing demand for non-ionizing alternatives, MPI is gaining momentum as a non-invasive and non-ionizing technique. Needless to say, applications where repeated imaging is required will fuel this advancement. This includes oncology and cardiovascular imaging, among others. This shift towards safer imaging technologies is driving research and development in systems.
  • Technological innovations in nanomaterials: The innovations of superparamagnetic nanoparticles are most potent for MPI. Superparamagnetic nanoparticles, the tracers for MPI, have been significantly improved in design and synthesis during the past decades to reveal better biocompatibility, efficiency, and targeting capabilities. Innovative architectures of these nanoparticles should finally enable the successful implementation of MPI into a wide spectrum of medical and industrial applications, including monitoring for drug delivery and diagnostics of cancer.

Magnetic Particle Imaging Market Future Trends

  • Integration with Multimodal Imaging Systems: Integration of the MPI market with other imaging modalities such as MRI, CT, and PET is one major trend. Multimodal imaging essentially combines the better outcomes of these imaging techniques to provide more comprehensive data. For instance, by using MPI in combination with MRI, high resolution and real-time imaging qualities are obtained, especially useful when available with soft tissue imaging capabilities of MRI. This should be more diagnostic accurate and improve the outcome of treatment plans for complicated conditions as cancer and cardiovascular disease.
  • Focus on Personalized Medicine: As personalized medicine progresses, the visualization of the movement and localization of nanoparticles with MPI offers new options for the personalization of treatment plans for individual patients. In this sense, drug delivery systems might be monitored in real-time so that drugs can target their own tissue of interest precisely. This direction and emphasis of personalized medicine is a potential driver for MPI adoption; in oncology, because it monitors treatment response with greater precision than conventional methods.
  • Transition to Point-of-Care Imaging: Another trend is growing demand for point-of-care (POC) imaging solutions, especially in resource-constrained settings. MPI has great promise to be integrated into handheld and miniaturized devices that will make it POC applicable. As an example, MPI could be used in remote health facilities or emergency rooms wherever high-speed diagnostics of non-invasive quality are needed acutely. In this regard, the trend toward portable diagnostic solutions will help fuel the growth of MPI, as it will be compatible with cost-effective health care delivery solutions.

Magnetic Particle Imaging Market Opportunities

  • Increasing number of Cancer Diagnosis and Treatment Market: One of the most promising areas for application of MPI encompasses cancer diagnosis and treatment, where the possibility of monitoring the transport of nanoparticles inside a living body might allow for the real-time imaging of tumor growth and response to therapy. High spatial resolution and non-invasive characterizations make MPI an excellent tool to follow cancer treatments, mainly where the delivery of targeted therapies or chemotherapy agents is targeted. This rise in the global burden of cancer means that MPI in precision oncology will play an increasing role.
  • Expansion into Industrial and Environmental Industry: In addition to health care, MPI has bright prospects in industrial and environmental applications. For instance, in material science, MPI can be used in quality control and non-destructive testing of materials, imaging the distribution of magnetic particles. MPI can be applied in environment monitoring: in pollution detection or tracking movements of contaminant in water or ground. With an industry that continues to look for more efficient, less-invasive methods for testing, MPI opens a viable option with many wide-ranging applications.
  • Partnerships and Collaborations for Commercialization: With the development of MPI technology, partnerships and collaborations of technology developers, healthcare providers, and research institutions will be encouraged. These collaborations will speed up the process of commercializing MPI systems that will eventually become popular in the market, raising its presence. Integrations with established imaging companies can also help introduce MPI into already existing infrastructures of healthcare, thus cementing it in the hospitals and clinics.

Magnetic Particle Imaging Market Regional Insights

The regional trends and factors influencing the Magnetic Particle Imaging Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Magnetic Particle Imaging Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

magnetic-particle-imaging-market-global-geography
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Magnetic Particle Imaging Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 12%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Modality
  • Magnetic Resonance Imaging
  • Positron Emission Tomography
By Application
  • Vascular Imaging
  • Perfusion Imaging
  • Oncology Imaging
  • Cell Tracking
  • Inflammation Imaging
  • Trauma Imaging
By End User
  • Hospitals
  • Specialty Clinics
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Bruker
  • Magnetic Insight, Inc
  • FUJIFILM Holdings Corporation
  • GENERAL ELECTRIC COMPANY
  • Koninklijke Philips N.V.
  • Hitachi, Ltd
  • LI-COR Inc
  • Angstrom Advanced Inc
  • PerkinElmer Inc

  • Magnetic Particle Imaging Market Players Density: Understanding Its Impact on Business Dynamics

    The Magnetic Particle Imaging Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Magnetic Particle Imaging Market are:

    1. Bruker
    2. Magnetic Insight, Inc
    3. FUJIFILM Holdings Corporation
    4. GENERAL ELECTRIC COMPANY
    5. Koninklijke Philips N.V.

    Disclaimer: The companies listed above are not ranked in any particular order.


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    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Magnetic Particle Imaging Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Magnetic Particle Imaging Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.


    Frequently Asked Questions

    Which are some of the players operating in the Magnetic Particle Imaging market?

    Players operating in the market are Bruker, Magnetic Insight, Inc., FUJIFILM Holdings Corporation, GENERAL ELECTRIC COMPANY, Koninklijke Philips N.V., Hitachi, Ltd, LI-COR Inc., Angstrom Advanced Inc., PerkinElmer Inc., Thermo Fisher Scientific

    What is the expected CAGR of the Magnetic Particle Imaging Market?

    The Magnetic Particle Imaging Market is estimated to witness a CAGR of 12% from 2023 to 2031

    What are the driving factors impacting the Magnetic Particle Imaging market?

    The advances in medical imaging is driving the magnetic particle imaging market

    What are the factor that act as a opportunity for market growth?

    Increasing number of Cancer Diagnosis and Treatment act as a opportunity for growth of the market in forecast period.

    Which segment accounts for highest revenue by Modality in 2023?

    Magnetic Resonance Imaging segment, by Modality, dominated the market in 2023.

    Which region dominated the Magnetic Particle Imaging market in 2023?

    North America region dominated the Magnetic Particle Imaging market in 2023.

    Mrinal Kerhalkar
    Mrinal Kerhalkar
    Manager,
    Market Research & Consulting

    Mrinal is a seasoned research analyst with over 8 years of experience in Life Sciences Market Intelligence and Consulting. With a strategic mindset and unwavering commitment to excellence, she has built deep expertise in pharmaceutical forecasting, market opportunity assessment, and developing industry benchmarks. Her work is anchored in delivering actionable insights that empower clients to make informed strategic decisions.

    Mrinal’s core strength lies in translating complex quantitative datasets into meaningful business intelligence. Her analytical acumen is instrumental in shaping go-to-market (GTM) strategies and uncovering growth opportunities across the pharmaceutical and medical device sectors. As a trusted consultant, she consistently focuses on streamlining workflow processes and establishing best practices, thereby driving innovation and operational efficiency for her clients.

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    Magnetic Particle Imaging Market
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    The List of Companies

    1. Bruker
    2. Magnetic Insight, Inc.
    3. FUJIFILM Holdings Corporation
    4. GENERAL ELECTRIC COMPANY
    5. Koninklijke Philips N.V.
    6. Hitachi, Ltd
    7. LI-COR Inc.
    8. Angstrom Advanced Inc.
    9. PerkinElmer Inc.
    10. Thermo Fisher Scientific
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