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MRI Coils Market by Patient Type and Geography - Global Forecast & Analysis 2019-2023

Global MRI Coils Market

About this market

Technavio’s MRI coils market analysis considers sales from both adult and pediatric types. Our analysis also considers the sales of MRI coils in Asia, Europe, North America, and ROW. In 2018, the adult segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as growing health issues in adults and the increasing demand for both rigid and flexible forms of MRI coils will play a significant role in the adult segment to maintain its market position. Also, our global MRI coils market report looks at factors such as the growing aging population and chronic disease incidences, rising demand for non -invasive diagnostic procedures, and growing number of MRI procedures. However, high cost of MRI coils, stringent regulations, and product recalls, and intensified competition and pricing pressure among key players may hamper the growth of the MRI coils industry over the forecast period.

Global MRI Coils Market

Overview

Rising demand for non-invasive diagnostic procedures

End-users, including clinics, hospitals, and diagnostic centers in the developed and emerging economies prefer non-invasive tests for accurate diagnosis of chronic diseases at initial stages with minimal incisions. Manufacturers and researchers are increasingly focusing on developing a pocket-sized, wearable, handheld, and next-generation non-invasive diagnostic device with improved features such as machine learning analytics. This demand for non-invasive diagnostic procedures will lead to the expansion of the global MRI coils market at a CAGR of almost 2% during the forecast period.

Growing preference for multi-channel and multi-purpose MRI coils

Multi-channel and multi-purpose MRI coils are medical devices that are used for imaging various anatomical regions simultaneously with advantages such as enhanced SNR offering a high-image resolution, greater flexibility, and patient comfort. Multi-channel and multi-purpose coils can accommodate large- or small-sized anatomical parts of the body such as heart and are compatible even

with the older MRI scanner models. There is a growing importance of using multi-channel and multi-purpose MRI coils in countries such as the US, Germany, and Japan. To cater to the growing demand, vendors are focusing on developing devices with advanced features and M&A strategies. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global MRI coils market during the forecast period 2019-2023, click here.

Competitive Landscape

With the presence of several major players, the global MRI coils market is moderately concentrated. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading MRI coils manufacturers, that include DxTx Medical, Esaote Spa, General Electric Co., Hitachi Ltd., IMRIS, Koninklijke Philips NV, NORAS MRI products GmbH, RAPID MR International LLC, Siemens AG, and Toshiba Corp.

Also, the MRI coils market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
      • Table Vendors: Key offerings
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global medical devices market
      • Table Segments of global medical devices market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by patient type
    • Table Patient type - Market share 2018-2023 (%)
    • Comparison by patient type
      • Table Comparison by patient type
    • Adult - Market size and forecast 2018-2023
      • Table Adult - Market size and forecast 2018-2023 ($ millions)
      • Table Adult - Year-over-year growth 2019-2023 (%)
    • Pediatric - Market size and forecast 2018-2023
      • Table Pediatric - Market size and forecast 2018-2023 ($ millions)
      • Table Pediatric - Year-over-year growth 2019-2023 (%)
    • Market opportunity by patient type
      • Table Market opportunity by patient type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • Asia - Market size and forecast 2018-2023
      • Table Asia - Market size and forecast 2018-2023 ($ millions)
      • Table Asia - Year-over-year growth 2019-2023 (%)
    • ROW - Market size and forecast 2018-2023
      • Table ROW - Market size and forecast 2018-2023 ($ millions)
      • Table ROW - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Mergers and acquisition and product launches
    • Availability of custom MRI coils
    • Growing preference for multi-channel and multi-purpose MRI coils
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • DxTx Medical
      • Table DxTx Medical - Vendor overview
      • Table DxTx Medical - Business segments
      • Table DxTx Medical - Organizational developments
      • Table DxTx Medical - Key offerings
    • Esaote Spa
      • Table Esaote Spa - Vendor overview
      • Table Esaote Spa - Product segments
      • Table Esaote Spa - Organizational developments
      • Table Esaote Spa - Key offerings
    • General Electric Co.
      • Table General Electric Co. - Vendor overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Organizational developments
      • Table General Electric Co. - Geographic focus
      • Table General Electric Co. - Segment focus
      • Table General Electric Co. - Key offerings
    • Hitachi Ltd.
      • Table Hitachi Ltd. - Vendor overview
      • Table Hitachi Ltd. - Product segments
      • Table Hitachi Ltd. - Organizational developments
      • Table Hitachi Ltd. - Geographic focus
      • Table Hitachi Ltd. - Segment focus
      • Table Hitachi Ltd. - Key offerings
    • IMRIS
      • Table IMRIS - Vendor overview
      • Table IMRIS - Business segments
      • Table IMRIS - Key offerings
    • Koninklijke Philips NV
      • Table Koninklijke Philips NV - Vendor overview
      • Table Koninklijke Philips NV - Business segments
      • Table Koninklijke Philips NV - Organizational developments
      • Table Koninklijke Philips NV - Geographic focus
      • Table Koninklijke Philips NV - Segment focus
      • Table Koninklijke Philips NV - Key offerings
    • NORAS MRI products GmbH
      • Table NORAS MRI products GmbH - Vendor overview
      • Table NORAS MRI products GmbH - Product segments
      • Table NORAS MRI products GmbH - Organizational developments
      • Table NORAS MRI products GmbH - Key offerings
    • RAPID MR International LLC
      • Table RAPID MR International LLC - Vendor overview
      • Table RAPID MR International LLC - Product segments
      • Table RAPID MR International LLC - Key offerings
    • Siemens AG
      • Table Siemens AG - Vendor overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Organizational developments
      • Table Siemens AG - Geographic focus
      • Table Siemens AG - Segment focus
      • Table Siemens AG - Key offerings
    • Toshiba Corp.
      • Table Toshiba Corp. - Vendor overview
      • Table Toshiba Corp. - Business segments
      • Table Toshiba Corp. - Organizational developments
      • Table Toshiba Corp. - Geographic focus
      • Table Toshiba Corp. - Segment focus
      • Table Toshiba Corp. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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