MRI Coils Market is expected to reach US$ 18.18 billion by 2033 | Major Companies - GE HealthCare, Koninklijke Philips N.V, Siemens Healthcare Private Limited, Canon Medical Systems

Market Size and Growth:

The Global MRI Coils Market size 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.

The MRI Coils Market refers to the global industry focused on the development, manufacturing, and sale of radiofrequency coils used in magnetic resonance imaging systems. These coils act as antennas to transmit and receive signals, enhancing image quality and diagnostic accuracy. The market includes various coil types such as surface, volume, and phased-array coils, serving applications across neurology, cardiology, oncology, and musculoskeletal imaging in hospitals, diagnostic centers, and research institutions.

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Recent Key Developments of United States:

✅ February 2026: Philips Healthcare reported a strategic partnership with top U.S. research institutions for phased-array spine coils tailored to obesity-related imaging challenges, boosting throughput in Midwest clinics.

✅ January 2026: A major FDA clearance was granted to a U.S.-based startup for AI-integrated flexible breast coils, improving lesion detection accuracy by 15% in clinical trials across East Coast networks. This addresses chronic disease screening needs in an aging population.

✅ December 2025: Siemens Healthineers expanded its U.S. production facility in Ohio, focusing on air-cooled body coils to reduce helium dependency and operational costs for imaging centers. Adoption accelerated due to favorable reimbursement policies.

✅ November 2025: GE HealthCare unveiled a next-generation multi-channel receive coil optimized for 3T scanners, enhancing signal-to-noise ratio for neurological imaging in high-volume U.S. hospitals. This launch supports faster scan times amid rising demand for outpatient diagnostics.

Recent Key Developments of Japan:

✅ February 2026: Hitachi launched a high-density abdominal coil series integrated with precision medicine workflows, driven by rising chronic disease prevalence and supported by industry-academia collaborations in Kansai.

✅ January 2026: Fujifilm Holdings introduced lightweight, ergonomic knee coils compatible with AI reconstruction, targeting Japan's aging demographic and expanding use in rural outpatient facilities. This aligns with PMDA approvals for enhanced patient comfort.

✅ December 2025: Siemens announced a USD 314 million investment in a new magnet-coil manufacturing plant near Tokyo, ensuring supply chain stability for domestic 1.5T and 3T systems amid replacement cycles.

✅ November 2025: Canon Medical Systems rolled out an anatomically adaptive head coil with 128 channels, leveraging Japan's high MRI density to cut pediatric scan times by 30% nationwide. Government-backed trials validated its precision for neurological disorders.

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.

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments 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:

⇥ 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)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, MRI Coils market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global MRI Coils Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global MRI Coils market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the MRI Coils Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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