Global MRI coils market projected to grow from $8.6 billion in 2023 to $19.5 billion by 2033

From GlobeNewswire: 2024-06-29 20:00:00

The Global Magnetic Resonance Imaging Coils Market is projected to grow from USD 8.6 billion in 2023 to USD 19.5 billion by 2033, with an 8.53% CAGR. MRI coils, acting as antennae, enhance image quality in MRI scans using electromagnetic and static magnetic fields. High demand for high-field MRI equipment for detailed imaging amid rising chronic diseases drives market growth.

The radiofrequency coil segment leads the market, driving growth with increased adoption of advanced medical technology. In the neurology segment, MRI is crucial for diagnosing neurological disorders with high-quality brain and spinal cord images contributing to market growth. Hospitals are projected to have the highest CAGR due to the rising demand for diagnostic services and advanced medical equipment.

North America dominates the market share, driven by early diagnosis awareness and government investments in R&D. Asia-Pacific is forecasted to grow fastest, with government spending, key player presence, and demand for MRI systems boosting market growth. Competitive analysis highlights key vendors like Siemens Healthcare GmbH and GE Healthcare leading the market with product innovations, mergers, and acquisitions.

Recent developments include GE Healthcare’s launch of the SIGNA Hero, a new 3.0T MRI system offering enhanced workflows and image quality. Market analysis segments the MRI coils market based on type, application (including neurology and cardiovascular), end-use (like hospitals), and regional analysis covering North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Global Nucleotides Market and Global Empty Capsules Market are among related reports for further insights.



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