In-Depth Examination of Segments, Industry Trends, and Key Players in the Magnetic Resonance Imaging Coils Market

The magnetic resonance imaging coils market is on track for significant expansion in the coming years, driven by technological advancements and growing medical applications. This fast-evolving sector is expected to reach new heights as innovations enhance imaging quality and patient experience.

Forecasted Growth and Market Size of Magnetic Resonance Imaging Coils
The magnetic resonance imaging coils market is projected to achieve substantial growth, reaching a value of $21.23 billion by 2030. This represents a compound annual growth rate (CAGR) of 9.9% throughout the forecast period. The increase is largely due to the enhanced use of multi-channel coils, the integration of AI-driven imaging software, and the growing demand in pediatric and cardiovascular MRI applications. Additionally, the expansion of specialized medical centers and the development of advanced high-performance MRI coil systems contribute significantly to this positive trajectory. Key trends anticipated over the next few years include the adoption of smarter coil designs, IoT-enabled MRI monitoring, high-resolution coil technologies, and AI-based imaging optimizations.

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Key Drivers Behind Magnetic Resonance Imaging Coils Market Growth
One major factor fueling growth is the increasing incorporation of multi-channel coil technology, which improves imaging resolution and diagnostic capabilities. This progress supports more accurate medical evaluations and patient outcomes.

Another driver is the rising use of AI-powered imaging tools, which optimize image quality and speed up the scanning process. These advancements also enable more precise diagnostics and streamlined workflows in healthcare settings, especially in pediatric and cardiovascular imaging.

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Top Companies Leading the Magnetic Resonance Imaging Coils Market
The market is dominated by several prominent players, including GE HealthCare Technologies Inc., Siemens Healthineers, Koninklijke Philips N.V. (Philips Healthcare), Canon Medical Systems Corporation, Hitachi Medical Systems, Esaote S.p.A., MR Instruments, Inc., RAPID MR International, LLC, ScanMed LLC, Noras MRI Products GmbH, Neocoil, LLC, Quality Electrodynamics (QED), Aurora Imaging Technology, Inc. (Aurora), Invivo Corporation, Medspira LLC, Time Medical Systems, ShanghAI United Imaging Healthcare Co., Ltd., Magnetica Ltd., Neusoft Medical Systems Co. Ltd., and Bruker Corporation.

A notable recent development occurred in August 2023, when Exor N.V., based in the Netherlands, acquired Koninklijke Philips N.V. for $2.8 billion. This acquisition is set to broaden Exor's portfolio by incorporating Philips's magnetic resonance imaging coil expertise.

Emerging Innovations and Technological Trends in MRI Coils
Companies within the MRI coils market continue to push boundaries by creating advanced technologies such as high-channel-density, ultra-lightweight, and flexible coil arrays. These innovations are designed to boost diagnostic precision, improve patient comfort, and optimize imaging workflows.

For example, in January 2025, InkSpace Imaging, a US-based medical device manufacturer, received FDA 510(k) clearance for a 1.5 T 24-channel MR coil tailored for Siemens Healthineers Magnetom MRI systems. This coil combines a lightweight, flexible structure with high-density technology, enhancing image uniformity, reducing setup times, and enabling faster parallel imaging. It is suitable for imaging multiple body areas, thereby improving workflow efficiency and diagnostic confidence in clinical environments.

Core Segments of the Global Magnetic Resonance Imaging Coils Market
This report categorizes the magnetic resonance imaging coils market into the following segments:

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

Further subcategories include:
- Radiofrequency Coil types: Head Coil, Body Coil, Extremity Coil, Surface Coil
- Gradient Coil types: Standard Gradient Coil, High-Performance Gradient Coil, Specialized Gradient Coil

This segmentation provides a detailed framework for understanding the market's structure and the diverse needs it addresses across medical imaging.

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This release was published on openPR.