Product Code: ETC13153671 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Magnetic Resonance Imaging Coils Market was valued at USD 0.8 Billion in 2024 and is expected to reach USD 1.1 Billion by 2031, growing at a compound annual growth rate of 7.60% during the forecast period (2025-2031).
The Global Magnetic Resonance Imaging Coils Market is experiencing steady growth driven by technological advancements in the healthcare industry. MRI coils are essential components of MRI machines, enhancing the quality of imaging and enabling more accurate diagnoses. The market is characterized by the increasing prevalence of chronic diseases, rising demand for early disease detection, and the growing adoption of MRI technology in various medical applications. Key players in the market are focusing on developing innovative coils with higher sensitivity and improved image resolution. Geographically, North America dominates the market due to the presence of advanced healthcare infrastructure and high healthcare expenditures. However, the Asia-Pacific region is expected to witness significant growth opportunities fueled by expanding healthcare facilities and increasing investments in medical imaging technologies.
The Global Magnetic Resonance Imaging (MRI) Coils Market is witnessing a surge in demand due to increasing prevalence of chronic diseases and technological advancements in MRI technology. Key trends in the market include a growing focus on developing advanced coils for high-resolution imaging, increasing adoption of MRI in emerging economies, and rising demand for specialized coils for specific applications such as cardiac and breast imaging. Opportunities in the market lie in the development of lightweight, flexible, and cost-effective coils to improve patient comfort and imaging quality, as well as the expansion of MRI services in remote areas. Additionally, collaborations between MRI coil manufacturers and research institutions for product innovation and customization are expected to drive market growth in the coming years.
The Global Magnetic Resonance Imaging Coils Market faces several challenges, including the high cost associated with developing and manufacturing advanced coils, which can limit market penetration, especially in developing regions. Additionally, the need for continuous technological advancements to improve image quality and diagnostic capabilities poses a challenge for manufacturers to stay competitive. Furthermore, the complex regulatory environment and stringent approval processes for medical devices can hinder the introduction of new MRI coil technologies in the market. Lastly, the increasing trend towards refurbished or used MRI coils as a cost-saving measure by healthcare facilities presents a challenge for manufacturers in terms of sustaining revenue growth and market share.
The Global Magnetic Resonance Imaging (MRI) Coils Market is primarily driven by technological advancements in MRI systems and the increasing demand for high-quality diagnostic imaging. The growing prevalence of chronic diseases and the rising geriatric population have led to a higher demand for MRI procedures, which in turn boosts the need for MRI coils. Additionally, the development of specialized coils for different imaging applications, such as cardiac MRI and breast MRI, is driving market growth. Moreover, the increasing investments in healthcare infrastructure, especially in emerging markets, and the rising awareness about the benefits of early disease diagnosis are further fueling the demand for MRI coils. Overall, the continuous innovation in MRI coil technology and the expanding applications of MRI in various medical fields are key factors propelling the growth of the global MRI coils market.
Government policies related to the Global Magnetic Resonance Imaging (MRI) Coils Market primarily focus on ensuring patient safety, quality standards, and regulatory compliance. Regulatory bodies such as the Food and Drug Administration (FDA) in the United States and the European Medicines Agency (EMA) in the European Union have established guidelines for the design, manufacturing, and marketing of MRI coils to ensure they meet safety and performance standards. These policies also include requirements for obtaining regulatory approval before marketing MRI coils, conducting clinical trials to demonstrate efficacy, and monitoring post-market surveillance to identify any potential risks or adverse events. Additionally, government policies may address reimbursement mechanisms, import/export regulations, and intellectual property rights to support innovation and market growth in the MRI coils industry.
The Global Magnetic Resonance Imaging (MRI) Coils Market is expected to witness steady growth in the coming years due to increasing demand for advanced diagnostic imaging technologies. The market is driven by factors such as growing prevalence of chronic diseases, technological advancements in MRI coil designs leading to improved image quality and diagnostic accuracy, and rising investments in healthcare infrastructure globally. Additionally, the rising geriatric population and increasing healthcare expenditure are also contributing to the market growth. However, challenges such as high costs associated with MRI equipment and coils, as well as reimbursement issues in certain regions, may hinder market expansion. Overall, as the demand for MRI imaging continues to rise, the Global MRI Coils Market is anticipated to experience sustained growth in the foreseeable future.
In the global Magnetic Resonance Imaging (MRI) Coils market, North America is expected to dominate due to the presence of advanced healthcare infrastructure and high adoption of MRI technology. Europe follows closely behind, driven by investments in healthcare technology and increasing prevalence of chronic diseases. Asia Pacific is anticipated to witness significant growth owing to rising healthcare expenditure and growing awareness about the benefits of MRI diagnostics. In the Middle East and Africa region, the market is projected to expand gradually as healthcare facilities improve. Latin America is also poised for growth with increasing government initiatives towards enhancing healthcare infrastructure. Overall, the global MRI Coils market is witnessing steady growth across all regions, with technological advancements and increasing demand for diagnostic imaging driving market expansion.
Global Magnetic Resonance Imaging Coils Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Magnetic Resonance Imaging Coils Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Magnetic Resonance Imaging Coils Market Revenues & Volume, 2021 & 2031F |
3.3 Global Magnetic Resonance Imaging Coils Market - Industry Life Cycle |
3.4 Global Magnetic Resonance Imaging Coils Market - Porter's Five Forces |
3.5 Global Magnetic Resonance Imaging Coils Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Magnetic Resonance Imaging Coils Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Magnetic Resonance Imaging Coils Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Magnetic Resonance Imaging Coils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Magnetic Resonance Imaging Coils Market Trends |
6 Global Magnetic Resonance Imaging Coils Market, 2021 - 2031 |
6.1 Global Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Radiofrequency Coil, 2021 - 2031 |
6.1.3 Global Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Gradient Coil, 2021 - 2031 |
6.2 Global Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Neurology, 2021 - 2031 |
6.2.3 Global Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Cardiovascular, 2021 - 2031 |
6.2.4 Global Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Spine and Musculoskeletal, 2021 - 2031 |
6.2.5 Global Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Pediatric, 2021 - 2031 |
6.2.6 Global Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Breast, 2021 - 2031 |
6.2.7 Global Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Abdominal, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Magnetic Resonance Imaging Coils Market, Overview & Analysis |
7.1 North America Magnetic Resonance Imaging Coils Market Revenues & Volume, 2021 - 2031 |
7.2 North America Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Magnetic Resonance Imaging Coils Market, Overview & Analysis |
8.1 Latin America (LATAM) Magnetic Resonance Imaging Coils Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Magnetic Resonance Imaging Coils Market, Overview & Analysis |
9.1 Asia Magnetic Resonance Imaging Coils Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Magnetic Resonance Imaging Coils Market, Overview & Analysis |
10.1 Africa Magnetic Resonance Imaging Coils Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Magnetic Resonance Imaging Coils Market, Overview & Analysis |
11.1 Europe Magnetic Resonance Imaging Coils Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Magnetic Resonance Imaging Coils Market, Overview & Analysis |
12.1 Middle East Magnetic Resonance Imaging Coils Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Magnetic Resonance Imaging Coils Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Magnetic Resonance Imaging Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Magnetic Resonance Imaging Coils Market Key Performance Indicators |
14 Global Magnetic Resonance Imaging Coils Market - Export/Import By Countries Assessment |
15 Global Magnetic Resonance Imaging Coils Market - Opportunity Assessment |
15.1 Global Magnetic Resonance Imaging Coils Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Magnetic Resonance Imaging Coils Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Magnetic Resonance Imaging Coils Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Magnetic Resonance Imaging Coils Market - Competitive Landscape |
16.1 Global Magnetic Resonance Imaging Coils Market Revenue Share, By Companies, 2024 |
16.2 Global Magnetic Resonance Imaging Coils Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |