Magnetic Resonance Imaging Coils Market Report 2026

The magnetic resonance imaging coils market size has grown strongly in recent years. It will grow from $13.31 billion in 2025 to $14.57 billion in 2026 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to early adoption in hospitals, initial use in diagnostic centers, reliance on conventional coil technologies, growth in neurology imaging, deployment in musculoskeletal imaging.

The magnetic resonance imaging coils market size is expected to see strong growth in the next few years. It will grow to $21.23 billion in 2030 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to increasing use of multi-channel coils, integration with AI-based imaging software, expansion in pediatric and cardiovascular MRI, rising adoption in specialized medical centers, development of high-performance MRI coil systems. Major trends in the forecast period include integration of advanced mri coil designs, adoption of smart imaging components, implementation of IoT-enabled mri monitoring, deployment of high-resolution coil technologies, expansion of AI-based imaging optimization.

The rising number of hospitals is expected to drive the growth of the magnetic resonance imaging coils market moving forward. A hospital is a healthcare institution where medical professionals deliver medical treatment, care, and services to individuals suffering from injuries, illnesses, or medical conditions. Magnetic resonance imaging coils in hospitals serve an essential role in enhancing MRI scan quality, reducing scanning times, improving patient comfort, ensuring accurate diagnoses, and minimizing the need for contrast agents. For example, in August 2023, Interweave Textiles Limited, a UK-based company specializing in the production of textiles and related products, reported that the UK has 1,148 hospitals. Therefore, the growing number of hospitals is fueling the expansion of the magnetic resonance imaging coils market.

Leading companies in the magnetic resonance imaging (MRI) coils market are focusing on developing innovative technologies, such as high-channel-density, ultra-lightweight flexible coil arrays, to enhance diagnostic accuracy, improve patient comfort, and optimize imaging workflows. These advanced coils incorporate multiple small, closely spaced receiver elements within a flexible structure that adapts to body contours, delivering higher signal-to-noise ratios and faster scan times compared to conventional rigid coils. For instance, in January 2025, InkSpace Imaging, a US-based medical device company, obtained FDA 510(k) clearance for its 1.5 T 24-channel MR coil designed for Siemens Healthineers Magnetom MRI systems. The device combines a lightweight, flexible design with high-density coil technology to improve image uniformity and patient comfort, reduce setup time, and support accelerated parallel imaging. It is intended for use across various body regions, enhancing workflow efficiency and diagnostic confidence in clinical MRI settings.

In August 2023, Exor N.V., a Netherlands-based company, acquired Koninklijke Philips N.V. for $2.8 billion. Through this acquisition, Exor seeks to enhance its portfolio by leveraging Philips's expertise in magnetic resonance imaging coils. Koninklijke Philips N.V. is a Netherlands-based firm that specializes in offering magnetic resonance imaging coils.

Major companies operating in the magnetic resonance imaging coils market are GE HealthCare Technologies Inc., Siemens Healthineers, Koninklijke Philips N.V. (Philips Healthcare), Canon Medical Systems Corporation, Hitachi Medical Systems, Esaote S.p.A., MR Instruments, Inc., RAPID MR International, LLC, ScanMed LLC, Noras MRI Products GmbH, Neocoil, LLC, Quality Electrodynamics (QED), Aurora Imaging Technology, Inc. (Aurora), Invivo Corporation, Medspira LLC, Time Medical Systems, ShanghAI United Imaging Healthcare Co., Ltd., Magnetica Ltd., Neusoft Medical Systems Co. Ltd., Bruker Corporation.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are affecting the MRI coil market by increasing the cost of imported copper, conductive materials, and precision electronics used in coil manufacturing. Hospitals, diagnostic imaging centers, and specialty medical facilities in Asia-Pacific, Europe, and North America are most affected due to dependence on imported components. However, tariffs are also encouraging domestic production, regional sourcing, and innovation in high-performance coils, improving supply chain reliability and supporting broader adoption of advanced imaging technologies.

The magnetic resonance imaging coils market research report is one of a series of new reports that provides Magnetic resonance imaging coils market statistics, including magnetic resonance imaging coils industry global market size, regional shares, competitors with a magnetic resonance imaging coils market share, detailed magnetic resonance imaging coils market segments, market trends and opportunities, and any further data you may need to thrive in the magnetic resonance imaging coils industry. This magnetic resonance imaging coils market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The magnetic resonance imaging (MRI) coil plays a vital role in the MRI machine, facilitating the acquisition of high-quality images of specific body parts. Within an MRI system, multiple coils have diverse functions, acting as both transmitters to generate a rotating magnetic field and receivers to detect radio-frequency signals. MRI, a non-invasive imaging technology, utilizes magnetic fields, radio waves, and computer processing to produce detailed anatomical images of the human body. Magnetic resonance imaging coils, as hardware components, optimize the performance of MRI systems, enhancing their ability to image various medical conditions or injuries.

The primary types of magnetic resonance imaging coils are radiofrequency coils and gradient coils. Radiofrequency coils are responsible for exciting aligned magnetic spins and receiving an RF signal back from the sample. These coils play a crucial role in the MRI system, acting as antennas that deliver power to magnetization (Tx-Coil) and receive signals generated by the excited spins (Rx-Coil). Magnetic resonance imaging coils have applications in diverse medical fields, including neurology, cardiovascular, spine and musculoskeletal, pediatric, breast, abdominal imaging, among others. These applications cater to hospitals, diagnostic imaging centers, and other end-users.North America was the largest region in the magnetic resonance imaging coils market share in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the magnetic resonance imaging coils market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the magnetic resonance imaging coils market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The magnetic resonance imaging coil market consists of sales of array coil, body wrap-around coil, linearly polarized coil, saddle coil, circularly polarized coil, quadrature coil, bird cage coil, crossed coil, Helmholtz pair coil, paired saddle coil, single turn solenoid, transmit only coil, receive only coil and transmit-receive coil. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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