The global MRI coils market was valued at $525.6 million in 2021, and is projected to reach $1,060.6 million by 2031, registering a CAGR of 7.3% from 2022 to 2031. Magnetic resonance imaging (MRI) is a medical imaging technique that uses a magnetic field and computer-generated radio waves to create detailed images of the organs and tissues in the body. MRI is a non-invasive way for doctors to examine organs, tissues and skeletal system. It produces high-resolution images of the inside of the body that help diagnose a variety of problems. Magnetic resonance imaging includes an electromagnetic field and a large static magnetic field to produce detailed images with the aid of MRI coils. There are different types of coils that are used for imaging. These include volume coils and surface coils. One of the major coils that are used include radiofrequency coils which are both transmit and receive type coils. Herein, the coil receives and transmits radio frequency signals and these are further combined to form an image of the anatomy under observation.
The MRI coils market is driven by rise in prevalence of cancer, technological advancement in development of healthcare sector, and increase in number of product launch and product approval for MRI system. MRI helps doctors find cancer in the body and look for signs that it has spread. MRI also can help doctors plan cancer treatment, like surgery or radiation. Thus, this factor fuels the demand for MRI coils. Therefore, rise in the prevalence of cancer increase the demand of MRI coils which is anticipated to drive the growth of the MRI coils market. For instance, according to World Cancer Research Fund International, a total of 18,094,716 cancer cases were reported to be diagnosed over the globe. Moreover, according to World Health Organization, (WHO), in 2020, approximately 2.26 million new breast cancer cases were diagnosed worldwide. In addition, rise in the number of brain cancer, brain tumor and spinal cord tumor increases the demand for MRI coils for diagnosis purpose. For instance, according to World Cancer Research Fund International, a total of 308,102 brain, central nervous system cancer cases were reported to be diagnosed over the globe.
The global MRI coils market is predicted to develop as more patients battle brain tumors, which cause increase in the shift of consumer preference toward minimally invasive and non-invasive techniques. The use of non-invasive MRI investigation technique is supported by a number of advantages, including detection of tumor and cancer, non-surgical procedure, crystal clear image of the tissues and organs in the body, painless & harmless process and other. Thus, increase in number of investigations by using MRI technique fuels the demand for different types of MRI coils. Therefore, this factor is anticipated to boost the growth of the market.
Geriatric population is more susceptible to chronic diseases. Rise in number of geriatric populations increases the demand for MRI coils. As geriatric population is more susceptible to neurological disorders, use of MRI technique will increase which drives the demand for MRI coils. Thus, this factor contributes to drive the growth of MRI coils market. In addition, governments globally have increased the expenditure on the healthcare sector. For instance, according to the Centers for Medicare & Medicaid Services, the U. S. health care spending grew by 9.7% from 2019 to 2020, reaching $4.1 trillion ($12,530 per person). Similarly, as per the Office for National Statistics, total healthcare expenditure in the UK accounted for 12.8% of the gross domestic product (GDP) in 2020, compared to 10.2% in 2019. Furthermore, it has been estimated that approximately 30% of the healthcare expenditure is used in upgrading the healthcare infrastructure, especially medical equipment used at public health centers (hospitals). Hence, this rise in healthcare expenditure across the globe is expected to fuel the demand for MRI coils application in different disease treatment, thereby boosting the market growth.
On the other hand, high cost associated with MRI coils and side effects of magnetic resonance imaging attributes to hinder the market growth. The MRI coils market is segmented on the basis of type, application, end user and region. On the basis of type, the market is divided into radiofrequency coil, volume coil, surface coil and others. On the basis of application, it is classified into body oncology, neuro and spine, cardiovascular, pediatric and others. On the basis of end user, the market is bifurcated into hospitals & clinics and diagnostic imaging centers. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global MRI coils market include Aurora Healthcare US Corp, Canon Inc., Satoe SpA, General Electric Company, Koninkilje Philips N. V., Monteris Medical, MR Instruments Inc., RAPID MR International, LLC, ScanMed, LLC, Siemens AG.
The MRI coils market is driven by rise in prevalence of cancer, technological advancement in development of healthcare sector, and increase in number of product launch and product approval for MRI system. MRI helps doctors find cancer in the body and look for signs that it has spread. MRI also can help doctors plan cancer treatment, like surgery or radiation. Thus, this factor fuels the demand for MRI coils. Therefore, rise in the prevalence of cancer increase the demand of MRI coils which is anticipated to drive the growth of the MRI coils market. For instance, according to World Cancer Research Fund International, a total of 18,094,716 cancer cases were reported to be diagnosed over the globe. Moreover, according to World Health Organization, (WHO), in 2020, approximately 2.26 million new breast cancer cases were diagnosed worldwide. In addition, rise in the number of brain cancer, brain tumor and spinal cord tumor increases the demand for MRI coils for diagnosis purpose. For instance, according to World Cancer Research Fund International, a total of 308,102 brain, central nervous system cancer cases were reported to be diagnosed over the globe.
The global MRI coils market is predicted to develop as more patients battle brain tumors, which cause increase in the shift of consumer preference toward minimally invasive and non-invasive techniques. The use of non-invasive MRI investigation technique is supported by a number of advantages, including detection of tumor and cancer, non-surgical procedure, crystal clear image of the tissues and organs in the body, painless & harmless process and other. Thus, increase in number of investigations by using MRI technique fuels the demand for different types of MRI coils. Therefore, this factor is anticipated to boost the growth of the market.
Geriatric population is more susceptible to chronic diseases. Rise in number of geriatric populations increases the demand for MRI coils. As geriatric population is more susceptible to neurological disorders, use of MRI technique will increase which drives the demand for MRI coils. Thus, this factor contributes to drive the growth of MRI coils market. In addition, governments globally have increased the expenditure on the healthcare sector. For instance, according to the Centers for Medicare & Medicaid Services, the U. S. health care spending grew by 9.7% from 2019 to 2020, reaching $4.1 trillion ($12,530 per person). Similarly, as per the Office for National Statistics, total healthcare expenditure in the UK accounted for 12.8% of the gross domestic product (GDP) in 2020, compared to 10.2% in 2019. Furthermore, it has been estimated that approximately 30% of the healthcare expenditure is used in upgrading the healthcare infrastructure, especially medical equipment used at public health centers (hospitals). Hence, this rise in healthcare expenditure across the globe is expected to fuel the demand for MRI coils application in different disease treatment, thereby boosting the market growth.
On the other hand, high cost associated with MRI coils and side effects of magnetic resonance imaging attributes to hinder the market growth. The MRI coils market is segmented on the basis of type, application, end user and region. On the basis of type, the market is divided into radiofrequency coil, volume coil, surface coil and others. On the basis of application, it is classified into body oncology, neuro and spine, cardiovascular, pediatric and others. On the basis of end user, the market is bifurcated into hospitals & clinics and diagnostic imaging centers. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global MRI coils market include Aurora Healthcare US Corp, Canon Inc., Satoe SpA, General Electric Company, Koninkilje Philips N. V., Monteris Medical, MR Instruments Inc., RAPID MR International, LLC, ScanMed, LLC, Siemens AG.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the mri coils market analysis from 2021 to 2031 to identify the prevailing mri coils market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the mri coils market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global mri coils market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Radiofrequency coil
- Type
- Volume coil
- Surface coil
- Others
- Gradient coils
By Application
- Body Oncology
- Neuro and spine
- Cardiovascular
- Pediatric
- Others
By End User
- Hospitals and Clinics
- Diagnostic Imaging Centers
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Turkey
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- AURORA HEALTHCARE US CORP
- Canon Inc.
- ESAOTE SPA
- General Electric Company
- Koninklijke Philips N. V.
- MONTERIS MEDICAL
- MR INSTRUMENTS INC
- RAPID MR INTERNATIONAL, LLC
- SCANMED, LLC
- SIEMENS AG
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: MRI COILS MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Radiofrequency coil
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.2.4 Radiofrequency coil MRI Coils Market by Type
4.2.4.1 Volume coil Market size and forecast, by region
4.2.4.2 Surface coil Market size and forecast, by region
4.2.4.3 Others Market size and forecast, by region
4.3 Gradient coils
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
CHAPTER 5: MRI COILS MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Body Oncology
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Neuro and spine
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Cardiovascular
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Pediatric
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6 Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
CHAPTER 6: MRI COILS MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Hospitals and Clinics
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Diagnostic Imaging Centers
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
CHAPTER 7: MRI COILS MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.2.1 North America Radiofrequency coil MRI Coils Market by Type
7.2.3 North America Market size and forecast, by Application
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by Application
7.2.5.1.4 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by Application
7.2.5.2.4 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.3 Market size and forecast, by Application
7.2.5.3.4 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.2.1 Europe Radiofrequency coil MRI Coils Market by Type
7.3.3 Europe Market size and forecast, by Application
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by Application
7.3.5.1.4 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by Application
7.3.5.2.4 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by Application
7.3.5.3.4 Market size and forecast, by End User
7.3.5.4 Italy
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by Application
7.3.5.4.4 Market size and forecast, by End User
7.3.5.5 Spain
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by Application
7.3.5.5.4 Market size and forecast, by End User
7.3.5.6 Rest of Europe
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Type
7.3.5.6.3 Market size and forecast, by Application
7.3.5.6.4 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.2.1 Asia-Pacific Radiofrequency coil MRI Coils Market by Type
7.4.3 Asia-Pacific Market size and forecast, by Application
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by Application
7.4.5.1.4 Market size and forecast, by End User
7.4.5.2 China
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by Application
7.4.5.2.4 Market size and forecast, by End User
7.4.5.3 Australia
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by Application
7.4.5.3.4 Market size and forecast, by End User
7.4.5.4 India
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by Application
7.4.5.4.4 Market size and forecast, by End User
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by Application
7.4.5.5.4 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.2.1 LAMEA Radiofrequency coil MRI Coils Market by Type
7.5.3 LAMEA Market size and forecast, by Application
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by Application
7.5.5.1.4 Market size and forecast, by End User
7.5.5.2 Turkey
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by Application
7.5.5.2.4 Market size and forecast, by End User
7.5.5.3 Saudi Arabia
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by Application
7.5.5.3.4 Market size and forecast, by End User
7.5.5.4 South Africa
7.5.5.4.1 Key market trends, growth factors and opportunities
7.5.5.4.2 Market size and forecast, by Type
7.5.5.4.3 Market size and forecast, by Application
7.5.5.4.4 Market size and forecast, by End User
7.5.5.5 Rest of LAMEA
7.5.5.5.1 Key market trends, growth factors and opportunities
7.5.5.5.2 Market size and forecast, by Type
7.5.5.5.3 Market size and forecast, by Application
7.5.5.5.4 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 AURORA HEALTHCARE US CORP
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Canon Inc.
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 ESAOTE SPA
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 General Electric Company
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Koninklijke Philips N. V.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 MONTERIS MEDICAL
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 MR INSTRUMENTS INC
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 RAPID MR INTERNATIONAL, LLC
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 SCANMED, LLC
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 SIEMENS AG
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'MRI Coils Market,' the MRI coils market size was valued at $525.6 million in 2021, and is estimated to reach $1,060.6 million by 2031, growing at a CAGR of 7.3% from 2022 to 2031. A magnetic resonance imaging (MRI) scan uses a powerful magnet, radio waves, and a computer to produce detailed images of the inside organs and tissues in your body. It is a kind of scan that creates in-depth pictures of the inside of the body by combining radio waves and powerful magnetic fields. Using MRIs, medical professionals may assess, identify, and keep track of a variety of medical disorders.In addition, rise in number of chronic diseases such as cancer causes increase in applications of MRI coils for diagnostic purpose, and increase the MRI coils market trends. For instance, according to National Cancer Institute, in 2020, estimated number of new cancer cases in U.S. are 1,806,590 and estimated number of deaths are 606,520.
Moreover, rise in the awareness among people regarding availability of healthcare services, increase in number of MRI coils industry and increase in the number of diagnostic centers are anticipated to fuel the MRI coils market growth. In addition, rise in number of medical professionals and increased disposable income among population contribute toward the growth of the MRI coils market.
On the basis of type, the magnetic resonance imaging coils market is classified into radiofrequency coil, and gradient coil. The radiofrequency coil segment dominated the market in 2021, and is expected to remain dominant during the forecast period, owing to rise in number of product launch and product approvals for high technology radiofrequency coils and increase in demand of MRI systems.
On the basis of application, it is classified into body oncology, neuro and spine, cardiovascular, pediatric and others. The neuro & spine segment dominated the market in 2021, and is expected to remain dominant during the forecast period, owing to increase in prevalence of neurology disorder.
On the basis of end user, the market is classified into hospitals and diagnostic imaging centers. The hospitals segment dominated the market in 2021, and is expected to remain dominant during the forecast period, owing to rise in the number of hospitals, increase in the expenditure by government to develop healthcare infrastructure and rise in the number of chronic diseases.
North America accounted for a majority of the global MRI coils market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to increase in the number of research activities, technological advancement in the healthcare sector and rise in the prevalence of chronic diseases. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in expenditure by government organization to develop healthcare sector, increase in prevalence of chronic diseases and rise in the number of key players who manufacture MRI coils.
The COVID-19 outbreak is anticipated to have a negative impact on growth of the global MRI coils market. The decrease in the number of diagnostic and investigation test for cancer anticipated to have negative impact on MRI coils market. For instance, according to JCO Global Oncology, an American Society of Clinical Oncology Journal, it was reported that delay and disruptions most investigated included reduction in routine activity of cancer services and number of cancer surgeries.
Key Findings of the Study
By type, the radiofrequency coil segment was the highest contributor to the market in 2021.By application, the neuro & spine segment was the highest contributor to the market in 2021.
By end user, the hospitals & clinics segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- Aurora Healthcare US Corp
- Canon Inc.
- Esaote Spa
- General Electric Company
- Koninklijke Philips N.V.
- Monteris Medical
- Mr Instruments Inc.
- Rapid Mr International, LLC
- Scanmed, LLC
- Siemens AG
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 215 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 525.6 million |
| Forecasted Market Value ( USD | $ 1060.6 million |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
