MRI Coils Market Analysis

  • Report ID: 4957
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

MRI Coils Market Analysis

Application (Neurology, Cardiovascular, Musculoskeletal, Breast, Gastrointestinal, Abdominal)

Neurology applications will lead the market share by 2037, accounting for 34%. A growing number of neurological diseases worldwide, such as Alzheimer’s disease, dementia, and amyotrophic lateral sclerosis, are attributed to the growing use of MRI scans for diagnosing neurological disorders.

Globally, there are more than 55 million people suffering from dementia and 55 million living with Alzheimer's disease. A high-quality coil is required in MRI machines to diagnose various neurological disorders, including tumours and strokes.

Coil Type (Radiofrequency, Volume, Gradient)

The radiofrequency (RF) segment in the MRI coils market is estimated to gain a substantial market share of about 46% by 2037. Increased demand for MRI machines, high-resolution imaging, and an increase in the number of RF coils being manufactured contribute to the segment growth in the medical industry.

RF coils create a strong magnetic field in the area of the body being imaged. This strong magnetic field is necessary for the MRI machine to create detailed images of the body.

Our in-depth analysis of the global market includes the following segments:

      Product Type

 

  • Phased-Array
  • Quadrature

      Coil Type

  • Radiofrequency
  • Volume
  • Gradient

      Application

  • Neurology
  • Cardiovascular
  • Musculoskeletal
  • Breast
  • Gastrointestinal
  • Abdominal 
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 4957
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of MRI coils is assessed at USD 9.61 billion.

The MRI coils market size was valued at USD 9.13 billion in 2024 and is set to reach USD 20.88 billion by the end of 2037, registering around 6.7% CAGR during the forecast period i.e., between 2025-2037. Increasing chronic diseases prevalence, growing geriatric population, technological advances in medical imaging will impel the market growth.

North America industry share is predicted to cross 32% by 2037, as MRI coils are integral parts of MRI machines that detect cancerous tumors in the body.

The major players in the market include GE HealthCare, Koninklijke Philips N.V., Siemens Healthcare GmbH, Esaote SpA, AuroraImaging Technology, Inc., Hitachi, Ltd., Bruker, Medspira, Canon Medical Systems USA, Inc., Monteris.
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