MRI Coils Market Growth | Latest Trends, Forecast & Global Analysis 2025 | Top key players - Canon Medical Systems, Esaote SPA, MR Instruments, Inc.

MRI Coils Market, as analyzed in the study by DataM Intelligence, presents a detailed overview of the industry with in-depth insights, historical data, and key statistics. The report thoroughly examines market dynamics, competitive strategies, and major players, highlighting their product lines, pricing structures, financials, growth plans, and regional outreach.

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.

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The MRI coils market involves specialized devices used in magnetic resonance imaging (MRI) machines to improve image quality. These coils capture detailed signals from the body, helping doctors diagnose conditions more accurately. As MRI technology advances, demand for high-performance, patient-friendly coils grows across hospitals and diagnostic centers worldwide.

Major players in the MRI Coils Market

The prominent players in MRI Coils market research report are: 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.

The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.

Key Development

In November 2024, Polarean Imaging PLC received FDA 510(k) clearance for its XENOVIEW 3T chest coil, designed to work with GE HealthCare's 3 Tesla MRI systems. This approval allows the device to support lung imaging using hyperpolarized Xenon-129 inhalation in adults and children aged 12 and up. It's compatible with GE models like the SIGNA Premier 3T and Discovery MR750 3T, which feature multi-nuclear spectroscopy.

In May 2024, Siemens Healthineers made a significant investment of £250 million (about $314 million) to open a new MRI manufacturing plant in the U.K., boosting local production capabilities.

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Market Segments

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.

The MRI Coils industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.

Regions Covered:

The global MRI Coils Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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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