MRI coils market is projected to grow to around USD 18.18 billion by 2033 | Canon Medical Systems, Esaote SPA, MR Instruments Inc, RAPID MR International, ScanMed LLC, Bruker, Tesla Engineering Ltd.

MRI coils market was valued at approximately USD 9.26 billion in 2024 and is projected to grow to around USD 18.18 billion by 2033, registering a compound annual growth rate (CAGR) of 8.1% during the forecast period from 2025 to 2033.

The MRI Coils Market report by DataM Intelligence provides comprehensive insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. By combining qualitative and quantitative research methodologies, the firm delivers in-depth reports that help clients navigate complex market dynamics, drive strategic growth, and seize new opportunities in an ever-evolving global landscape.

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MRI Coils Market Landscape Analysis:

MRI coils are essential components of Magnetic Resonance Imaging (MRI) systems, playing a vital role in generating clear and accurate diagnostic images of various body regions. Functioning much like antennas, these coils are typically constructed from loops of copper wire that facilitate the transmission and reception of radiofrequency (RF) signals during an MRI scan.

During the imaging process, MRI coils detect the RF signals emitted by hydrogen atoms in the body when exposed to a strong magnetic field. These signals are then transmitted to a computer system, where they are processed to produce high-resolution images of internal tissues and organs.

Different types of MRI coils are designed for specific anatomical areas. Some are rigid and shaped like frames that surround the region being examined, while others are flexible, allowing them to conform to the body's contours for more comfortable and precise scanning.

MRI Coils Market: Shifting Industry Trends and Market Potential

Rising Demand for MRI Coils

The growing need for MRI coils is emerging as a major driver of growth in the global MRI coils market. This surge is largely attributed to the rising demand for diagnostic imaging procedures, a global increase in chronic illnesses, continuous technological innovation, and the launch of new and advanced MRI coil products.

The burden of chronic diseases including cardiovascular conditions, cancer, and neurological disorders-is escalating due to factors such as aging populations, lifestyle changes, and environmental exposures. These conditions often require high-quality imaging for early diagnosis, disease monitoring, and treatment planning, thereby increasing the adoption of MRI systems equipped with advanced coils.

For example, data from the Centers for Disease Control and Prevention (CDC) shows that approximately 20.1 million adults aged 20 and above in the U.S. roughly 7.2% of the population suffer from coronary artery disease. Similarly, the National Center for Biotechnology Information (NCBI) reported in 2023 that osteoporosis remains the most prevalent metabolic bone disease globally, with rates ranging from 30-50% among postmenopausal women and up to 20% among men over 50 years old.

Additionally, the World Health Organization (WHO) noted in 2023 that non-communicable diseases (NCDs) such as cancer, diabetes, cardiovascular diseases, asthma, and chronic obstructive pulmonary disease are increasingly affecting populations in low- and middle-income countries. These regions account for more than 75% of global NCD-related deaths-approximately 31.4 million annually with nearly 17 million people dying prematurely (before age 70).

As chronic conditions continue to rise, the demand for advanced imaging tools like MRI grows stronger. Healthcare providers are increasingly integrating MRI technologies to enhance diagnostic accuracy, monitor disease progression, and personalize treatment strategies. Consequently, this trend is expected to significantly propel the MRI coils market in the coming years.

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Strategic Players Driving the MRI Coils Market Forward: 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.

Research Methodology:

The global MRI Coils Market research report employs a comprehensive dual-source approach, integrating both primary and secondary data collection methods to ensure robust market analysis. Our research framework systematically evaluates multiple industry-influencing variables, including regulatory frameworks and government policies, prevailing market conditions, competitive intensity levels, historical performance data, current market positioning, technological innovations and disruptions, emerging industry developments, cross-sector business impacts, market volatility patterns, growth prospects, potential market barriers, and strategic challenges facing industry participants.

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)

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Industry Developments

In November 2024, Polarean Imaging PLC received FDA 510(k) clearance for its XENOVIEW 3T chest coil to be used with GE HealthCare 3 Tesla (3T) MRI systems. The clearance allows the use of the device to support lung imaging using hyperpolarised Xenon-129 for oral inhalation in adults and children aged 12 and older. It works with GE MRI models, including the SIGNA Premier 3T and Discovery MR750 3T, equipped with multi-nuclear spectroscopy.

In May 2024, Siemens Healthineers invested 250 million pounds ($314 million) in a facility to establish a new MRI manufacturing plant in the U.K.

Regional Analysis for MRI Coils Market:

⇥ 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)

Most Frequently Asked Questions in the MRI Coils Market Research Industry:

➠ Who leads the MRI Coils industry and what's their competitive positioning regarding capacity, performance, and profitability?

➠ What growth opportunities and market challenges do MRI Coils market vendors face?

➠ Which segments show the highest growth potential and market share distribution?

➠ What factors are driving or limiting MRI Coils market growth?

➠ What are the dominant sales and distribution strategies in the MRI Coils industry?

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