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Magnetic Resonance Imaging Coils Market Report and Forecast 2024-2032

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    Report

  • 140 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5910814
The global magnetic resonance imaging coils market size was valued at USD 9.1 billion in 2023, driven by expanding healthcare systems, rising healthcare expenditure, and increasing awareness of early disease diagnosis across the globe. The market size is anticipated to grow at a CAGR of 8.1% during the forecast period of 2024-2032 to achieve a value of USD 18.4 billion by 2032.

Magnetic Resonance Imaging Coils: Introduction

Magnetic resonance imaging (MRI) Coils are critical components of MRI systems, playing a pivotal role in the quality and efficiency of MRI scans. These coils function as antennas, responsible for both transmitting the radiofrequency (RF) pulses that excite the hydrogen atoms in the body and receiving the signals emitted by these atoms. The quality of the images produced by an MRI scanner is heavily dependent on the performance of these coils.

MRI coils come in various types and designs, tailored to specific body parts or imaging needs. Some are built into the MRI machine (such as the body coil), while others are external, designed to be placed close to the area being imaged for more detailed images (e.g., head coils, knee coils, breast coils). Advances in MRI coil technology have led to the development of multi-channel coils that can acquire data from multiple points simultaneously, greatly enhancing image resolution and reducing scan times. As indispensable tools in diagnostic imaging, MRI coils play a crucial role in the accurate diagnosis and treatment planning for a wide range of medical conditions.

Key Trends in the Global Magnetic Resonance Imaging Coils Market

The global magnetic resonance imaging (MRI) coils market was influenced by several key trends. One significant trend was the advancement in multi-channel coil technology, offering improved image quality and faster scanning times. There was a growing focus on developing lightweight and flexible coils, enhancing patient comfort, especially in cases requiring long scan times. The integration of artificial intelligence (AI) and advanced software was gaining momentum, aiding in coil optimization and ensuring higher image resolution. Another trend was the increasing demand for specialized coils, designed for specific anatomical areas or patient groups, such as pediatric or obese patients. The market also saw a rise in the adoption of wireless coils, reducing setup time and improving workflow efficiency in MRI procedures.

Additionally, there was a trend towards the development of coils compatible with high-field MRI systems, catering to the need for higher image clarity. Geographically, emerging markets were witnessing increased investments in healthcare infrastructure, including advanced imaging facilities, thus expanding the market reach. Despite these positive trends, challenges such as high costs and the need for skilled professionals to handle advanced coil systems persisted. Nevertheless, the global MRI Coils market was poised for growth, driven by continuous technological innovations and the critical role of MRI in diagnostic imaging.

Global Magnetic Resonance Imaging Coils Market Segmentation

Market Breakup by Product Type

  • Phased-Array
  • Quadrature

Market Breakup by Type

  • Volume Coils
  • Gradient Coils
  • Radiofrequency Coils
  • Surface
  • Others

Market Breakup by Applications

  • Neuroimaging
  • Cardiovascular
  • Musculoskeletal
  • Gastrointestinal
  • Paediatric
  • Breast
  • Others

Market Breakup by End User

  • Hospitals
  • Diagnostic Imaging Centre
  • Others

Market Breakup by Distribution Channel

  • Direct Tenders
  • Retail Sales

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Magnetic Resonance Imaging Coils Market Overview

The global magnetic resonance imaging (MRI) coils market was a dynamic and essential segment within the medical imaging sector, witnessing steady growth.

North America was leading the global market, underpinned by advanced healthcare infrastructure, high adoption of innovative imaging technologies, and a strong presence of leading MRI manufacturers. Europe also held a substantial share, supported by increasing healthcare investments and a focus on improving diagnostic accuracy. The Asia Pacific region was experiencing rapid growth, driven by expanding healthcare systems, rising healthcare expenditure, and increasing awareness of early disease diagnosis. The market featured a wide array of coils, including multi-channel, specialized, and wireless coils, catering to diverse imaging needs. Key market players were engaged in continuous R&D to enhance coil performance, patient comfort, and compatibility with high-field MRI systems.

Despite the growth, the market faced challenges such as the high costs associated with advanced coils and the need for skilled professionals for optimal utilization. However, the global MRI Coils market was poised for continued expansion, propelled by the increasing demand for high-quality diagnostic imaging and ongoing technological advancements in MRI coil design.

Global Magnetic Resonance Imaging Coils Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
  • General Electric
  • Koninklijke Philips N.V.
  • Siemens Healthcare GmbH
  • AURORA HEALTHCARE US CORP
  • NORAS MRI products
  • ESAOTE SPA
  • Hitachi, Ltd.
  • Bruker
  • IMRIS
  • Monteris
  • Nael Medical - Part of NBHH Group
  • MEDSPIRA
  • CANON MEDICAL SYSTEMS USA, INC.
The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


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Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Magnetic Resonance Imaging (MRI) Coils Market Overview
3.1 Global Magnetic Resonance Imaging (MRI) Coils Market Historical Value (2017-2023)
3.2 Global Magnetic Resonance Imaging (MRI) Coils Market Forecast Value (2024-2032)
4 Global Magnetic Resonance Imaging (MRI) Coils Market Landscape
4.1 Global Magnetic Resonance Imaging (MRI) Coils Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Magnetic Resonance Imaging (MRI) Coils Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Type
4.2.3 Analysis by Applications
5 Global Magnetic Resonance Imaging (MRI) Coils Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Magnetic Resonance Imaging (MRI) Coils Market Segmentation
6.1 Global Magnetic Resonance Imaging (MRI) Coils Market by Product Type
6.1.1 Market Overview
6.1.2 Phased-Array
6.1.3 Quadrature
6.2 Global Magnetic Resonance Imaging (MRI) Coils Market by Type
6.2.1 Market Overview
6.2.2 Volume Coils
6.2.3 Gradient Coils
6.2.4 Radiofrequency Coils
6.2.5 Surface
6.2.6 Others
6.3 Global Magnetic Resonance Imaging (MRI) Coils Market by Applications
6.3.1 Market Overview
6.3.2 Neuroimaging
6.3.3 Cardiovascular
6.3.4 Musculoskeletal
6.3.5 Gastrointestinal
6.3.6 Pediatric
6.3.7 Breast
6.3.8 Others
6.4 Global Magnetic Resonance Imaging (MRI) Coils Market by End User
6.4.1 Market Overview
6.4.2 Hospitals
6.4.3 Diagnostic Imaging Centre
6.4.4 Others
6.5 Global Magnetic Resonance Imaging (MRI) Coils Market by Distribution Channel
6.5.1 Market Overview
6.5.2 Direct Tenders
6.5.3 Retail Sales
6.6 Global Magnetic Resonance Imaging (MRI) Coils Market by Region
6.6.1 Market Overview
6.6.2 North America
6.6.3 Europe
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Magnetic Resonance Imaging (MRI) Coils Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Magnetic Resonance Imaging (MRI) Coils Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Magnetic Resonance Imaging (MRI) Coils Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Magnetic Resonance Imaging (MRI) Coils Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Magnetic Resonance Imaging (MRI) Coils Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding & Investment Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Supplier Landscape
16.1 General Electric
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisition
16.1.5 Certifications
16.2 Koninklijke Philips N.V.
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisition
16.2.5 Certifications
16.3 Siemens Healthcare GmbH
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisition
16.3.5 Certifications
16.4 AURORA HEALTHCARE US CORP
16.4.1 Financial Analysis
16.4.2 Product Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisition
16.4.5 Certifications
16.5 NORAS MRI products
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisition
16.5.5 Certifications
16.6 ESAOTE SPA
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisition
16.6.5 Certifications
16.7 Hitachi, Ltd.
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisition
16.7.5 Certifications
16.8 Bruker
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisition
16.8.5 Certifications
16.9 IMRIS
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisition
16.9.5 Certifications
16.10 Monteris
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisition
16.10.5 Certifications
16.11 Nael Medical - Part of NBHH Group
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisition
16.11.5 Certifications
16.12 MEDSPIRA
16.12.1 Financial Analysis
16.12.2 Product Portfolio
16.12.3 Demographic Reach and Achievements
16.12.4 Mergers and Acquisition
16.12.5 Certifications
16.13 CANON MEDICAL SYSTEMS USA, INC.
16.13.1 Financial Analysis
16.13.2 Product Portfolio
16.13.3 Demographic Reach and Achievements
16.13.4 Mergers and Acquisition
16.13.5 Certifications
16.13.6 Certifications
17 Global Magnetic Resonance Imaging (MRI) Coils Market - Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket

Companies Mentioned

  • General Electric
  • Koninklijke Philips N.V.
  • Siemens Healthcare GmbH
  • AURORA HEALTHCARE US CORP
  • NORAS MRI products
  • ESAOTE SPA
  • Hitachi Ltd.
  • Bruker
  • IMRIS
  • Monteris
  • Nael Medical - Part of NBHH Group
  • MEDSPIRA
  • CANON MEDICAL SYSTEMS USA Inc.

Methodology

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