MRI Coils Market Trends: Smart Imaging Solutions & Future Prospects 2025-2033 | Most Leading Companies - GE HealthCare, Koninklijke Philips N.V, Siemens Healthcare Private Limited, Canon Medical Systems

The Global MRI Coils Market reached US$ 9.26 billion in 2024 and is expected to reach US$ 18.18 billion by 2033, growing at a CAGR of 8.1% during the forecast period 2025-2033.

MRI Coils Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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MRI coils are specialized radiofrequency (RF) devices used in Magnetic Resonance Imaging (MRI) systems to transmit and receive signals, enhancing image quality and diagnostic accuracy. These coils are designed to optimize signal-to-noise ratio (SNR) and come in various types, such as surface coils, volume coils, and phased-array coils, depending on the body part being scanned.

List of the Key Players in the MRI Coils Market:

GE HealthCare, Koninklijke Philips N.V, Siemens Healthcare Private Limited, Canon Medical Systems, Esaote SPA, MR Instruments, Inc., RAPID MR International, ScanMed, LLC, Bruker, Tesla Engineering Ltd among others.

Emerging Players

Innovatus Imaging and Time Medical Holding Co Ltd among others

Industry Development:

In November 2024, Polarean Imaging PLC secured FDA 510(k) clearance for its XENOVIEW 3T chest coil, designed for use with GE HealthCare's 3 Tesla (3T) MRI systems. This approval enables lung imaging with hyperpolarized Xenon-129 for oral inhalation in patients aged 12 and older. The device is compatible with GE MRI models such as the SIGNA Premier 3T and Discovery MR750 3T, equipped with multi-nuclear spectroscopy.

In May 2024, Siemens Healthineers announced a £250 million ($314 million) investment to establish a new MRI manufacturing facility in the U.K., reinforcing its commitment to advancing medical imaging technology.

Growth Forecast Projected:

The Global MRI Coils Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2033. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global MRI Coils Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the MRI Coils Market:

By Coil Type: Radiofrequency Coils, Gradient Coils, Surface Coils, Others

By Application: Neurology, Cardiovascular, Spine and Musculoskeletal, Pediatric, Breast, Abdominal, Others

By End User: Hospitals, Diagnostic Imaging Centers, Others

Regional Analysis for MRI Coils Market:

The regional analysis of the MRI Coils Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the MRI Coils market?

➠ Who are the leading manufacturers in the global MRI Coils industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global MRI Coils industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the MRI Coils market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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