Medical Magnets Market Outlook 2026-2030: Investment Trends, Strategic Profiles and Revenue Share Outlook
Dublin, Sept. 22, 2026 (GLOBE NEWSWIRE) -- "Medical Magnets Market Report 2026" has been added to ResearchAndMarkets.com's offering.
Medical Magnets Market Projected to Reach $2.62 Billion by 2030 as MRI Demand Accelerates
The global medical magnets market is experiencing strong growth, supported by rising demand for advanced diagnostic imaging, magnetic therapy, neurological treatments, and precision medical technologies. The market is projected to increase from $1.78 billion in 2025 to $1.93 billion in 2026, representing a compound annual growth rate (CAGR) of 8.2%.
Historical growth has been driven by the expanding adoption of magnetic resonance imaging (MRI) systems, a higher prevalence of neurological disorders, increased investment in diagnostic infrastructure, wider use of magnetic therapies, and greater production of high-performance magnets. These factors have strengthened the role of medical magnets across hospitals, imaging centers, neurology facilities, rehabilitation centers, and research institutions.
The medical magnets market is forecast to reach $2.62 billion by 2030, expanding at a CAGR of 7.9% from 2026. Growth during the forecast period is expected to be supported by demand for minimally invasive diagnostics, increasing research and development in magnetic drug delivery, wider adoption of transcranial magnetic stimulation (TMS) devices, expanding use of magnetic hyperthermia in cancer treatment, and growing dental applications for precision magnets.
Key medical magnets market trends include advances in high-field MRI magnet systems, improved TMS coil and magnet designs, and the development of lightweight, high-strength magnetic materials. Research into magnetic hyperthermia therapy and the introduction of portable, compact magnetic devices are also expected to create new opportunities for manufacturers and healthcare providers.
Increasing MRI scan volumes are a major driver of medical magnets market growth. An expanding global aging population and the rising incidence of conditions requiring detailed soft-tissue imaging are increasing demand for accurate diagnosis and treatment planning. Medical magnets generate the strong, stable magnetic fields required for high-resolution MRI imaging, supporting diagnostic precision without the use of ionizing radiation.
According to NHS England, the number of MRI scans performed in England increased from 361,705 in August 2023 to 365,270 in August 2024. The rolling 12-month total from September 2023 through August 2024 reached 4,504,615 scans. Continued adoption of MRI across diagnostic and therapeutic settings is therefore expected to support sustained demand for medical magnet systems and components.
The growing prevalence of chronic diseases is also contributing to market expansion. Diabetes, cardiovascular disease, arthritis, and related conditions frequently require ongoing monitoring, diagnostic imaging, and long-term care. Medical magnets support these requirements through imaging systems, targeted therapeutic applications, and non-invasive medical interventions.
In June 2024, the UK National Health Service reported that 3,615,330 people registered with a general practitioner had been diagnosed with non-diabetic hyperglycemia or pre-diabetes in 2023. This represented an 18% increase from 3,065,825 cases in 2022. Rising chronic disease rates are expected to increase demand for diagnostic technologies and therapeutic devices that incorporate medical magnets.
Technology innovation is reshaping the global medical magnets industry, particularly through the development of helium-efficient MRI magnet systems. Manufacturers are introducing next-generation platforms designed to reduce helium consumption, lower operating expenses, improve reliability, and support environmental sustainability while maintaining high-quality imaging performance.
In February 2025, GE HealthCare Technologies Inc. introduced its Freelium sealed magnet platform. The system uses less than 1% of the helium required by conventional MRI magnets and incorporates intelligent sensors for remote monitoring and automated magnet recovery. Its permanently enclosed helium design supports deployment in markets where helium availability is limited. Compatibility with artificial intelligence-enabled imaging solutions further enhances its potential to broaden access to advanced MRI technology.
The medical magnets market includes high-performance magnets, lower-performance magnets, superconducting magnets, and electromagnets. Frequently used materials include neodymium-iron-boron, ferrite, and samarium-cobalt. Key technologies include permanent magnet systems, electromagnetic systems, superconducting magnets, and hybrid designs. Major applications span MRI, TMS, magnetic therapy, drug delivery, dentistry, magnetic surgical instruments, therapeutic devices, implants, and rehabilitation equipment.
North America was the largest medical magnets market in 2025, while Asia-Pacific is expected to record the fastest growth during the forecast period. The market analysis covers Asia-Pacific, Southeast Asia, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. Countries covered include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, the United Kingdom, the United States, Canada, Italy, and Spain.
Markets Covered:
1) By Product Type: High-Performance Magnets; Lower-Performance Magnets; Superconducting Magnets; Electromagnets
2) By Material Type: Neodymium Iron Boron; Ferrite; Samarium Cobalt; Other Materials
3) By Technology: Permanent Magnet Technology; Electromagnetic Systems; Superconducting Magnet Technology; Hybrid Magnetic Systems
4) By Application: Magnetic Resonance Imaging; Transcranial Magnetic Stimulation; Magnetic Therapy; Drug Delivery; Dentistry
5) By End User: Hospitals; Diagnostic Imaging Centers; Specialty Neurology Centers; Research And Academic Institutions; Rehabilitation And Wellness Centers
Subsegments:
1) By High-Performance Magnets: Neodymium Iron Boron; Samarium Cobalt; Alnico
2) By Lower-Performance Magnets: Ferrite; Ceramic
3) By Superconducting Magnets: Niobium Titanium; Niobium Tin; Magnesium Diboride
4) By Electromagnets: Solenoid; Toroidal; Helical
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Key Attributes:
Companies Featured
The companies featured in this Medical Magnets market report include:
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