Product Code: ETC8844951 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
MRI coils are essential components in MRI machines, enhancing imaging quality and accuracy. The increasing demand for advanced diagnostic imaging, along with the expansion of private hospitals and diagnostic centers, supports market growth in the Philippines. However, high equipment costs and the need for regular maintenance affect market penetration.
The increasing number of MRI procedures and technological advancements in imaging coil design are driving market growth in the Philippines. As the demand for high-resolution imaging increases, healthcare providers are investing in specialized MRI coils for better diagnostic accuracy. Additionally, the growing number of hospitals and diagnostic centers is boosting the adoption of advanced MRI equipment.
The MRI coils market in the Philippines is challenged by high costs and limited compatibility with existing MRI systems. Many hospitals struggle to invest in advanced coil technology due to budget constraints. Additionally, maintenance and servicing of MRI coils require specialized expertise, which is lacking in the country. Import dependency also makes pricing unstable, affecting market growth.
The expanding healthcare sector in the Philippines is fueling demand for high-performance MRI coils that enhance imaging accuracy. Investment in manufacturing and distributing advanced MRI coils, including phased-array and specialty coils, can generate significant returns. Companies that focus on developing lightweight, flexible, and patient-friendly coils can establish a competitive edge in the market.
The government ensures the regulation and standardization of MRI coil manufacturing and imports. The DOH and FDA oversee the approval of medical imaging devices, while tax incentives support hospitals in upgrading their MRI technology for better diagnostic accuracy.
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 Philippines Magnetic Resonance Imaging Coils Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Magnetic Resonance Imaging Coils Market - Industry Life Cycle |
3.4 Philippines Magnetic Resonance Imaging Coils Market - Porter's Five Forces |
3.5 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Magnetic Resonance Imaging Coils Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Advancements in MRI technology and increasing demand for better imaging quality |
4.2.2 Growing prevalence of chronic diseases and increasing healthcare expenditure in the Philippines |
4.2.3 Rising awareness and adoption of MRI diagnostics in the country |
4.3 Market Restraints |
4.3.1 High initial setup costs and maintenance expenses associated with MRI coils |
4.3.2 Limited availability of skilled professionals to operate and interpret MRI scans accurately |
4.3.3 Stringent regulatory requirements and long approval processes for medical devices in the Philippines |
5 Philippines Magnetic Resonance Imaging Coils Market Trends |
6 Philippines Magnetic Resonance Imaging Coils Market, By Types |
6.1 Philippines Magnetic Resonance Imaging Coils Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume, By Radiofrequency Coil, 2021- 2031F |
6.1.4 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume, By Gradient Coil, 2021- 2031F |
6.2 Philippines Magnetic Resonance Imaging Coils Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume, By Neurology, 2021- 2031F |
6.2.3 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume, By Cardiovascular, 2021- 2031F |
6.2.4 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume, By Spine and Musculoskeletal, 2021- 2031F |
6.2.5 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume, By Pediatric, 2021- 2031F |
6.2.6 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume, By Breast, 2021- 2031F |
6.2.7 Philippines Magnetic Resonance Imaging Coils Market Revenues & Volume, By Abdominal, 2021- 2031F |
7 Philippines Magnetic Resonance Imaging Coils Market Import-Export Trade Statistics |
7.1 Philippines Magnetic Resonance Imaging Coils Market Export to Major Countries |
7.2 Philippines Magnetic Resonance Imaging Coils Market Imports from Major Countries |
8 Philippines Magnetic Resonance Imaging Coils Market Key Performance Indicators |
8.1 Average scan time efficiency of MRI coils |
8.2 Patient comfort levels during MRI procedures |
8.3 Rate of adoption of new MRI coil technologies by healthcare facilities |
8.4 Number of MRI procedures performed using advanced coils |
8.5 Percentage of MRI scan accuracy improvements with new coil technologies |
9 Philippines Magnetic Resonance Imaging Coils Market - Opportunity Assessment |
9.1 Philippines Magnetic Resonance Imaging Coils Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Philippines Magnetic Resonance Imaging Coils Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Magnetic Resonance Imaging Coils Market - Competitive Landscape |
10.1 Philippines Magnetic Resonance Imaging Coils Market Revenue Share, By Companies, 2024 |
10.2 Philippines Magnetic Resonance Imaging Coils Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |