Major Companies In The MRI Coils Market Focus On Smart Fit Technology To Improve Patient Comfort And Imaging Efficiency Trend: A Crucial Influence on the Magnetic Resonance Imaging Coils Market's Transformation in 2025

Which drivers are expected to have the greatest impact on the over the magnetic resonance imaging coils market's growth?
The surge in chronic illnesses is projected to drive the magnetic resonance imaging (MRI) coil market growth. Chronic conditions typically persist for more than a year and need continuous medical care, significantly limiting daily life activities. Notably, heart disease and cancer are the most common chronic illnesses where MRIs are crucial for disease diagnosis and tracking the body's treatment response. The MRI coil collects the radio frequency signal from the patient's body and sends this data to a computer that constructs images. For instance, the World Health Organization, a United Nations specialized agency based in Switzerland, reported in September 2023 that of the 41 million deaths annually around the world, 74% are due to non-communicable diseases (NCDs) or chronic diseases. This included 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, and 4.1 million from chronic respiratory ailments. Consequently, the increased incidence of chronic diseases implies that MRI machines will be used more frequently for monitoring. Hence, the rising prevalence of chronic diseases is predicted to contribute to an increased demand for MRI coils in the coming period.

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What is the future CAGR of the magnetic resonance imaging coils market, and how will it impact industry expansion?
In recent times, the market size for magnetic resonance imaging coils has seen significant growth. It's projected to expand from $12.62 billion in 2024 to $13.53 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.2%. The historic progress can be linked to the spike in chronic disease prevalence, the growing older population, advancements in research and development, escalated healthcare expenditure and regulatory compliance.

The market size for magnetic resonance imaging coils is predicted to witness swift expansion in the forthcoming years, reaching a value of $19.97 billion in 2029, with a compound annual growth rate (CAGR) of 10.2%. The increased growth forecasted can be associated with the emergence of telemedicine, hybrid imaging expansion, initiatives for precision medicine, individualized medicine, along with quicker diagnosis and treatment. Noteworthy trends expected in the forecast period include artificial intelligence-enhanced imaging, wearable and continuous monitoring, the use of advanced materials and manufacturing, tailored coil design and low-field mri systems.

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What are the most significant trends transforming the magnetic resonance imaging coils market today?
Prominent companies in the magnetic resonance imaging coils market are honing their focus on manufacturing smart fit coils, aimed at improving patient comfort, refining image quality, and increasing workflow productivity by self-adjusting to diverse shapes and sizes of the human body. Smart fit coils represent an advancement in Magnetic Resonance Imaging (MRI) coils that autonomously fine-tune their shape and size to accommodate a patient's body. These Super Flexible Coils can contour beyond 90 degrees in all routes, making them versatile enough to cater to different anatomical structures. This adaptability is beneficial, especially for imaging challenging areas such as long bones or patients wearing plaster casts. For instance, in November 2023, Koninklijke Philips N.V., a company based in the Netherlands, released their MR Smart Fit coils. They are significantly lighter in comparison to classic alternatives, improving patient comfort and facilitating easier handling for medical personnel. The Smart Fit 1.5T shoulder coil has been designed to cut down on setup times by nearly 10%. This features allows patients to be readied while seated on the examination table, optimizing the entire process. These coils have been specially engineered for use with Philips' SmartSpeed AI solution, further improving the image quality and resolution.

Which key market segments comprise the magnetic resonance imaging coils market and drive its revenue growth?
The magnetic resonance imaging coils market covered in this report is segmented -

1) By Type: Radiofrequency Coil, Gradient Coil
2) By Application: Neurology, Cardiovascular, Spine and Musculoskeletal, Pediatric, Breast, Abdominal, Other Applications
3) By End User: Hospitals, Diagnostic Imaging Centers, Other End Users

Subsegments:
1) By Radiofrequency Coil: Head Coil, Body Coil, Extremity Coil, Surface Coil
2) By Gradient Coil: Standard Gradient Coil, High-Performance Gradient Coil, Specialized Gradient Coil

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What regions are at the forefront of magnetic resonance imaging coils market expansion?
North America was the largest region in the magnetic resonance imaging coils market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the magnetic resonance imaging coils market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the leading players fueling growth in the magnetic resonance imaging coils market?
Major companies operating in the magnetic resonance imaging coils market include Esaote Spa, GE Healthcare Technologies Inc., Koninklijke Philips NV, Siemens Healthcare Private Limited, MR Instruments Inc., Bruker Corp., Canon Medical Systems Corporation, Hologic Inc., RAPID MR International LLC, ScanMed Technology Pty Ltd., Aurora Healthcare US Corp., Monteris Medical Corp., Fonar Corporation, Schneider Electric SE, Medtronic Inc., Signet Systems Inc., DirectMed Inc., Hitachi Medical Systems America Inc., Invivo Corporation, Medrad Inc., NeuroLogica Corp., Philips Healthcare, Shimadzu Corporation, Toshiba Medical Systems Corporation, Analogic Corporation

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What Is Covered In The Magnetic Resonance Imaging Coils Global Market Report?

•Market Size Forecast: Examine the magnetic resonance imaging coils market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the magnetic resonance imaging coils market for a structured understanding.
•Key Players Overview: Analyze major players in the magnetic resonance imaging coils market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the magnetic resonance imaging coils market.
•Segment Contributions: Evaluate how different segments drive overall growth in the magnetic resonance imaging coils market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the magnetic resonance imaging coils market.
•Industry Challenges: Identify potential risks and obstacles affecting the magnetic resonance imaging coils market.
•Competitive Landscape: Review strategic developments in the magnetic resonance imaging coils market, including expansions, agreements, and new product launches.

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