Product Code: ETC13140288 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global MRI Coils Market was valued at USD 0.8 Billion in 2024 and is expected to reach USD 1.2 Billion by 2031, growing at a compound annual growth rate of 6.10% during the forecast period (2025-2031).
The global MRI coils market is witnessing steady growth driven by increasing demand for advanced imaging technologies in healthcare facilities worldwide. MRI coils are crucial components that enhance the quality of images produced during MRI procedures, thereby improving diagnostic accuracy. Factors such as rising prevalence of chronic diseases, technological advancements in MRI coil design, and growing investments in healthcare infrastructure are contributing to market expansion. Additionally, the shift towards personalized medicine and the adoption of hybrid imaging modalities are further propelling market growth. Key players in the global MRI coils market are focusing on product innovation, strategic collaborations, and geographical expansion to gain a competitive edge. North America currently dominates the market, followed by Europe and Asia-Pacific regions, with emerging economies presenting significant opportunities for market players to expand their presence.
The Global MRI Coils Market is experiencing significant growth due to technological advancements and increasing demand for diagnostic imaging procedures. The trend towards more advanced MRI coils with higher image quality and faster scanning times is driving market expansion. Opportunities in the market include the development of specialized coils for specific imaging needs, such as cardiac or breast imaging, as well as the increasing adoption of MRI technology in emerging markets. Additionally, the growing prevalence of chronic diseases and the rising geriatric population worldwide are expected to further boost the demand for MRI coils. Key players in the market are focusing on product innovation and strategic collaborations to capitalize on these trends and opportunities.
The Global MRI Coils Market faces several challenges, including high costs associated with MRI equipment and coils, limited availability of skilled technicians to operate and maintain the systems, and the need for continuous technological advancements to improve imaging quality and patient experience. Additionally, the market is highly competitive with several key players vying for market share, leading to pricing pressures and the need for innovative marketing strategies to stand out. Regulatory hurdles and compliance requirements also pose challenges for manufacturers and suppliers in ensuring product quality and safety. Overall, navigating these challenges requires a deep understanding of the market dynamics, technological advancements, and regulatory landscape to stay competitive and meet the evolving needs of healthcare providers and patients.
The global MRI coils market is primarily driven by factors such as growing demand for high-quality imaging for accurate diagnosis, increasing prevalence of chronic diseases requiring MRI scans, technological advancements in MRI coil design leading to improved image quality and patient comfort, and rising investments in healthcare infrastructure. Additionally, the expanding applications of MRI in various medical fields such as neurology, oncology, and cardiology are fueling the demand for specialized MRI coils tailored to specific imaging needs. Moreover, the growing geriatric population and the subsequent rise in age-related health conditions are further boosting the adoption of MRI technology and, consequently, driving the demand for MRI coils worldwide.
Government policies related to the Global MRI Coils Market primarily focus on regulating the manufacturing, sales, and use of MRI coils to ensure patient safety, quality standards, and data security. These policies include guidelines on product testing, certification requirements, import/export regulations, and adherence to specific technical specifications to maintain quality control and performance standards. Additionally, government agencies often collaborate with industry stakeholders to develop standards for the development and deployment of innovative MRI coil technologies while promoting research and development in the field. Overall, government policies aim to foster a competitive and sustainable market environment for MRI coils while prioritizing patient care and advancing healthcare technology.
The Global MRI Coils Market is poised for steady growth in the coming years due to increasing demand for advanced imaging technologies in the healthcare sector. Technological advancements in MRI coil designs, such as the development of lightweight, flexible, and high-resolution coils, are expected to drive market expansion. Additionally, rising incidences of chronic diseases, growing geriatric population, and increasing investments in healthcare infrastructure across developing economies will further boost market growth. The integration of artificial intelligence and machine learning in MRI systems for enhanced image quality and diagnostic accuracy is also anticipated to fuel market growth. Overall, the Global MRI Coils Market is projected to experience significant growth opportunities in the foreseeable future, driven by technological innovations and expanding healthcare needs worldwide.
In the Global MRI Coils Market, regional insights vary across different regions. Asia is experiencing significant growth due to the increasing adoption of advanced healthcare technologies in countries like China and India. North America holds a prominent market position with a high demand for MRI coils driven by well-established healthcare infrastructure and ongoing technological advancements. Europe follows closely with a mature market and strong presence of key market players. The Middle East and Africa region are witnessing steady growth due to improving healthcare infrastructure and rising investments in the healthcare sector. Latin America is also showing growth potential with increasing healthcare expenditure and a growing focus on enhancing diagnostic capabilities, presenting opportunities for market expansion in the region.
Global MRI 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 MRI Coils Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global MRI Coils Market Revenues & Volume, 2021 & 2031F |
3.3 Global MRI Coils Market - Industry Life Cycle |
3.4 Global MRI Coils Market - Porter's Five Forces |
3.5 Global MRI Coils Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global MRI Coils Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Global MRI Coils Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Global MRI Coils Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global MRI Coils Market Revenues & Volume Share, By End user, 2021 & 2031F |
3.10 Global MRI Coils Market Revenues & Volume Share, By Distrbution Channel, 2021 & 2031F |
4 Global MRI Coils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global MRI Coils Market Trends |
6 Global MRI Coils Market, 2021 - 2031 |
6.1 Global MRI Coils Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global MRI Coils Market, Revenues & Volume, By Phased-Array, 2021 - 2031 |
6.1.3 Global MRI Coils Market, Revenues & Volume, By Quadrature, 2021 - 2031 |
6.2 Global MRI Coils Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global MRI Coils Market, Revenues & Volume, By Volume Coils, 2021 - 2031 |
6.2.3 Global MRI Coils Market, Revenues & Volume, By Gradient Coils, 2021 - 2031 |
6.2.4 Global MRI Coils Market, Revenues & Volume, By Radiofrequency Coils, 2021 - 2031 |
6.2.5 Global MRI Coils Market, Revenues & Volume, By Surface, 2021 - 2031 |
6.2.6 Global MRI Coils Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global MRI Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global MRI Coils Market, Revenues & Volume, By Neuroimaging, 2021 - 2031 |
6.3.3 Global MRI Coils Market, Revenues & Volume, By Cardiovascular, 2021 - 2031 |
6.3.4 Global MRI Coils Market, Revenues & Volume, By Musculoskeletal, 2021 - 2031 |
6.3.5 Global MRI Coils Market, Revenues & Volume, By Gastrointestinal, 2021 - 2031 |
6.3.6 Global MRI Coils Market, Revenues & Volume, By Pediatric, 2021 - 2031 |
6.3.7 Global MRI Coils Market, Revenues & Volume, By Breast, 2021 - 2031 |
6.3.8 Global MRI Coils Market, Revenues & Volume, By Others, 2021 - 2031 |
6.4 Global MRI Coils Market, Revenues & Volume, By End user, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global MRI Coils Market, Revenues & Volume, By Hospitals, 2021 - 2031 |
6.4.3 Global MRI Coils Market, Revenues & Volume, By Diagnostic Imaging Centre, 2021 - 2031 |
6.4.4 Global MRI Coils Market, Revenues & Volume, By Others, 2021 - 2031 |
6.5 Global MRI Coils Market, Revenues & Volume, By Distrbution Channel, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global MRI Coils Market, Revenues & Volume, By Direct Tenders, 2021 - 2031 |
6.5.3 Global MRI Coils Market, Revenues & Volume, By Retail Sales, 2021 - 2031 |
7 North America MRI Coils Market, Overview & Analysis |
7.1 North America MRI Coils Market Revenues & Volume, 2021 - 2031 |
7.2 North America MRI Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) MRI Coils Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada MRI Coils Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America MRI Coils Market, Revenues & Volume, 2021 - 2031 |
7.3 North America MRI Coils Market, Revenues & Volume, By Product Type, 2021 - 2031 |
7.4 North America MRI Coils Market, Revenues & Volume, By Type, 2021 - 2031 |
7.5 North America MRI Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America MRI Coils Market, Revenues & Volume, By End user, 2021 - 2031 |
7.7 North America MRI Coils Market, Revenues & Volume, By Distrbution Channel, 2021 - 2031 |
8 Latin America (LATAM) MRI Coils Market, Overview & Analysis |
8.1 Latin America (LATAM) MRI Coils Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) MRI Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil MRI Coils Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico MRI Coils Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina MRI Coils Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM MRI Coils Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) MRI Coils Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8.4 Latin America (LATAM) MRI Coils Market, Revenues & Volume, By Type, 2021 - 2031 |
8.5 Latin America (LATAM) MRI Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) MRI Coils Market, Revenues & Volume, By End user, 2021 - 2031 |
8.7 Latin America (LATAM) MRI Coils Market, Revenues & Volume, By Distrbution Channel, 2021 - 2031 |
9 Asia MRI Coils Market, Overview & Analysis |
9.1 Asia MRI Coils Market Revenues & Volume, 2021 - 2031 |
9.2 Asia MRI Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India MRI Coils Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China MRI Coils Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan MRI Coils Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia MRI Coils Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia MRI Coils Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9.4 Asia MRI Coils Market, Revenues & Volume, By Type, 2021 - 2031 |
9.5 Asia MRI Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia MRI Coils Market, Revenues & Volume, By End user, 2021 - 2031 |
9.7 Asia MRI Coils Market, Revenues & Volume, By Distrbution Channel, 2021 - 2031 |
10 Africa MRI Coils Market, Overview & Analysis |
10.1 Africa MRI Coils Market Revenues & Volume, 2021 - 2031 |
10.2 Africa MRI Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa MRI Coils Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt MRI Coils Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria MRI Coils Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa MRI Coils Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa MRI Coils Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10.4 Africa MRI Coils Market, Revenues & Volume, By Type, 2021 - 2031 |
10.5 Africa MRI Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa MRI Coils Market, Revenues & Volume, By End user, 2021 - 2031 |
10.7 Africa MRI Coils Market, Revenues & Volume, By Distrbution Channel, 2021 - 2031 |
11 Europe MRI Coils Market, Overview & Analysis |
11.1 Europe MRI Coils Market Revenues & Volume, 2021 - 2031 |
11.2 Europe MRI Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom MRI Coils Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany MRI Coils Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France MRI Coils Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe MRI Coils Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe MRI Coils Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11.4 Europe MRI Coils Market, Revenues & Volume, By Type, 2021 - 2031 |
11.5 Europe MRI Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe MRI Coils Market, Revenues & Volume, By End user, 2021 - 2031 |
11.7 Europe MRI Coils Market, Revenues & Volume, By Distrbution Channel, 2021 - 2031 |
12 Middle East MRI Coils Market, Overview & Analysis |
12.1 Middle East MRI Coils Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East MRI Coils Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia MRI Coils Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE MRI Coils Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey MRI Coils Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East MRI Coils Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12.4 Middle East MRI Coils Market, Revenues & Volume, By Type, 2021 - 2031 |
12.5 Middle East MRI Coils Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East MRI Coils Market, Revenues & Volume, By End user, 2021 - 2031 |
12.7 Middle East MRI Coils Market, Revenues & Volume, By Distrbution Channel, 2021 - 2031 |
13 Global MRI Coils Market Key Performance Indicators |
14 Global MRI Coils Market - Export/Import By Countries Assessment |
15 Global MRI Coils Market - Opportunity Assessment |
15.1 Global MRI Coils Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global MRI Coils Market Opportunity Assessment, By Product Type, 2021 & 2031F |
15.3 Global MRI Coils Market Opportunity Assessment, By Type, 2021 & 2031F |
15.4 Global MRI Coils Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global MRI Coils Market Opportunity Assessment, By End user, 2021 & 2031F |
15.6 Global MRI Coils Market Opportunity Assessment, By Distrbution Channel, 2021 & 2031F |
16 Global MRI Coils Market - Competitive Landscape |
16.1 Global MRI Coils Market Revenue Share, By Companies, 2024 |
16.2 Global MRI Coils Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |