Magnetic Resonance Imaging Coils

Global Magnetic Resonance Imaging Coils Market to Reach US$13.4 Billion by 2030

The global market for Magnetic Resonance Imaging Coils estimated at US$9.1 Billion in the year 2024, is expected to reach US$13.4 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2024-2030. Radiofrequency Coil, one of the segments analyzed in the report, is expected to record a 5.4% CAGR and reach US$8.7 Billion by the end of the analysis period. Growth in the Gradient Coil segment is estimated at 8.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.5 Billion While China is Forecast to Grow at 10.1% CAGR

The Magnetic Resonance Imaging Coils market in the U.S. is estimated at US$2.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.7 Billion by the year 2030 trailing a CAGR of 10.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.3% and 6.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Global Magnetic Resonance Imaging (MRI) Coils Market – Key Trends & Drivers Summarized

Why Are MRI Coils Gaining Importance?

MRI coils are critical components in magnetic resonance imaging systems, enabling high-resolution imaging by capturing and transmitting radiofrequency signals. As the demand for more precise and detailed imaging in neurology, oncology, cardiology, and musculoskeletal diagnostics increases, the need for advanced MRI coil technology is growing. MRI coils enhance image quality, improve signal-to-noise ratio (SNR), and reduce scan times, making them essential for accurate disease diagnosis and monitoring.

With the increasing global burden of chronic diseases, healthcare providers are seeking improved imaging solutions that offer better patient outcomes. The rise in minimally invasive diagnostics, coupled with the expansion of AI-assisted imaging analysis, is driving the adoption of high-performance MRI coils in hospitals and diagnostic centers. Additionally, the development of ultra-high-field MRI systems (7T and beyond) is pushing the demand for specialized coils that can deliver superior image clarity and resolution.

How Are Innovations Enhancing the Performance of MRI Coils?

Technological advancements are leading to the development of lightweight, flexible, and multi-channel MRI coils that enhance patient comfort while improving diagnostic accuracy. The introduction of phased-array coils, which combine multiple receiver elements, has significantly improved spatial resolution and imaging speed. Additionally, AI-powered image reconstruction techniques are helping to enhance the efficiency of MRI scans, reducing artifacts and improving contrast levels.

Researchers are also exploring the integration of wearable and adaptive MRI coil designs that conform to a patient’s anatomy, allowing for improved imaging of specific body parts such as the brain, spine, and joints. The development of wireless MRI coils, which eliminate cumbersome cable connections, is another breakthrough improving workflow efficiency in imaging centers.

What Are the Key Market Drivers?

The increasing prevalence of neurological disorders, musculoskeletal injuries, and cancer is a major driver for the MRI coil market. The shift towards early disease detection and preventive diagnostics has also led to greater demand for high-quality imaging solutions. Moreover, the expansion of telemedicine and AI-driven diagnostics is creating new opportunities for MRI technology, enabling faster and more efficient remote imaging analysis.

What Challenges and Future Opportunities Exist?

Challenges include the high cost of MRI systems and coils, regulatory approval complexities, and the need for specialized training to operate advanced imaging equipment. However, opportunities lie in the development of cost-effective, high-performance coils for emerging markets, as well as AI-integrated MRI solutions that improve diagnostic accuracy. The ongoing research into portable and wearable MRI technology could further revolutionize the field, making high-quality imaging more accessible worldwide.

SCOPE OF STUDY:

The report analyzes the Magnetic Resonance Imaging Coils market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Radiofrequency Coil, Gradient Coil); Application (Neurology Application, Cardiovascular Application, Spine & Musculoskeletal Application, Pediatric Application, Breast Application, Abdominal Application, Other Applications); End-Use (Hospitals End-Use, Diagnostic Imaging Centers End-Use, Ambulatory Care Centers End-Use, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• Analogic Corporation
• Aurora Imaging Technology, Inc.
• Bruker Corporation
• Canon Medical Systems Corporation
• Esaote S.p.A.
• GE HealthCare
• Hitachi Medical Systems
• Invivo Corporation
• Medspira LLC
• Monteris Medical
• MR Instruments, Inc.
• Neocoil, LLC
• Noras MRI Products GmbH
• Philips Healthcare
• Quality Electrodynamics (QED)
• RAPID MR International
• ScanMed LLC
• Shanghai United Imaging Healthcare Co., Ltd.
• Siemens Healthineers
• Time Medical Systems

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