MRI Coils Market Size

Magnetic Resonance Imaging 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. In the year 2025, the industry size of MRI coils is assessed at USD 9.61 billion. MRI machines are in high demand in hospitals and diagnostic centers due to the increasing prevalence of cardiovascular diseases (CVDs). For the detection of CVDs such as blockages in the arteries and congenital heart defects, MRI is often used, which produces detailed images of the heart and blood vessels using MRI coils.

MRI coils are essentially radio frequency antennas that are used to detect the signals generated by the MRI scanner. The increased availability of MRI units has also made it easier for healthcare organizations to provide more accurate diagnoses in a shorter time frame. As of 2021, around 5.7 million MRI units were installed worldwide, representing an increase of 94 million MRI scans in recent years.

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.

MRI Coils Market Size