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Magnetic Resonance Imaging Coils Market 2023 : By Share Analysis, Growth Revenue, Overview By 2032
Magnetic Resonance Imaging Coils Market
The Business Research Company's Magnetic Resonance Imaging Coils Global Market Report 2023 identifies increasing prevalence of chronic diseases as the major driver for the Magnetic Resonance Imaging Coils market's growth in the forecast period. Chronic diseases are those conditions that last for 1 year or more and require ongoing medical attention and restrict activities of daily living. Diseases such as heart disease, and cancer are leading chronic diseases where MRI plays an important role in diagnoses of a disease and also monitoring the body's response to treatment.
The global magnetic resonance imaging coils market size grew from $10.87 billion in 2022 to $11.9 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size global magnetic resonance imaging coils is expected to grow to $16.86 billion in 2027 at a CAGR of 9.1%.
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Major competitors in the Magnetic Resonance Imaging Coils market are Esaote Spa, GE Healthcare, Koninklijke Philips NV, Siemens Healthcare Private Limited, MR Instruments Inc., RAPID MR International LLC.
A key trend in the Magnetic Resonance Imaging Coils market includes technological advancements. Major companies operating in the market are introducing technological innovations such as the use of Artificial Intelligence (AI) coil in the magnetic resonance imaging machines to ensure high-resolution image quality and image reconstruction to sustain their position in the market. For Instance, in November 2021, Koninklijke Philips N.V, a Netherland-based multinational medical equipment, and home appliance company, launched AI-enabled innovations in MR imaging that includes Philips MR 5300 and 7700 system to boost MR exam speed, streamline workflows, improve diagnostic quality, and ensure radiology operations are efficient and sustainable.
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The Magnetic Resonance Imaging Coils market is segmented -
• By Type: Radiofrequency Coil, Gradient Coil
• By Application: Neurology, Cardiovascular, Spine and Musculoskeletal, Pediatric, Breast, Abdominal, Other Applications
• By End User: Hospitals, Diagnostic Imaging Centers, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Magnetic Resonance Imaging Coils market.
The Business Research Company's "Global Magnetic Resonance Imaging Coils Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Magnetic Resonance Imaging Coils Market Include:
1. Executive Summary
2. Magnetic Resonance Imaging Coils Market Characteristics
3. Magnetic Resonance Imaging Coils Market Trends And Strategies
4. Magnetic Resonance Imaging Coils Market - Macro Economic Scenario
5. Magnetic Resonance Imaging Coils Market Size And Growth
…………………………………………………………………………
26. Africa Magnetic Resonance Imaging Coils Market
27. Magnetic Resonance Imaging Coils Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Magnetic Resonance Imaging Coils Market
29. Magnetic Resonance Imaging Coils Market Future Outlook and Potential Analysis
30. Appendix
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