The combination of superparamagnetic iron oxide nanoparticles (SPIOs) with ultrasonic contrast agent (UCA) microbubble is called magnetic microbubble (MMB) and has been used to produce multimodal contrast agents to enhance medical ultrasound and magnetic resonance imaging. The nanoparticles are either covalently linked to the shell or physically entrapped into the shell. Considering the effect of the volume fraction of SPIOs on the shell density and viscosity, a nonlinear dynamic equation of magnetic microbubbles (MMBs) with multilayer membrane structure is constructed based on the basic theory of bubble dynamics. The influences of the driving sound pressure and frequency, particle volume fraction, shell thickness and surface tension on the acoustic-dynamics behavior of microbubbles are numerically analyzed. The results show that when the volume fraction of magnetic particles is small and α≤ 0.1, the acoustic properties of magnetic microbubbles are similar to those of ordinary UCA microbubbles. The acoustic response of the microbubble depends on its initial size and driving pressure. The critical sound pressure of microbubble vibration instability is lowest when the driving sound field frequency is twice the magnetic microbubble resonance frequency f ₀( f= 2 f ₀). The presence of magnetic particles inhibits the bubbles from expanding and contracting, but the inhibition effect is very limited. The surface tension parameter Kof the outer film material and thickness of the shell also affect the vibration of the microbubble. When Kand film thickness are 0.2–0.4 N/m and 50–150 nm respectively, it is observed that the bubble has an unstable vibration response region.