Magnetic Resonance Imaging Coils - Global Stategic Business Report

The global market for Magnetic Resonance Imaging Coils was estimated at US$9.1 Billion in 2024 and is projected to reach US$13.4 Billion by 2030, growing at a CAGR of 6.5% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Magnetic Resonance Imaging Coils market.

Global Magnetic Resonance Imaging (MRI) Coils Market - Key Trends & Drivers Summarized

Why Are MRI Coils Gaining Importance?

MRI coils are critical components in magnetic resonance imaging systems, enabling high-resolution imaging by capturing and transmitting radiofrequency signals. As the demand for more precise and detailed imaging in neurology, oncology, cardiology, and musculoskeletal diagnostics increases, the need for advanced MRI coil technology is growing. MRI coils enhance image quality, improve signal-to-noise ratio (SNR), and reduce scan times, making them essential for accurate disease diagnosis and monitoring.

With the increasing global burden of chronic diseases, healthcare providers are seeking improved imaging solutions that offer better patient outcomes. The rise in minimally invasive diagnostics, coupled with the expansion of AI-assisted imaging analysis, is driving the adoption of high-performance MRI coils in hospitals and diagnostic centers. Additionally, the development of ultra-high-field MRI systems (7T and beyond) is pushing the demand for specialized coils that can deliver superior image clarity and resolution.

How Are Innovations Enhancing the Performance of MRI Coils?

Technological advancements are leading to the development of lightweight, flexible, and multi-channel MRI coils that enhance patient comfort while improving diagnostic accuracy. The introduction of phased-array coils, which combine multiple receiver elements, has significantly improved spatial resolution and imaging speed. Additionally, AI-powered image reconstruction techniques are helping to enhance the efficiency of MRI scans, reducing artifacts and improving contrast levels.

Researchers are also exploring the integration of wearable and adaptive MRI coil designs that conform to a patient’s anatomy, allowing for improved imaging of specific body parts such as the brain, spine, and joints. The development of wireless MRI coils, which eliminate cumbersome cable connections, is another breakthrough improving workflow efficiency in imaging centers.

What Are the Key Market Drivers?

The increasing prevalence of neurological disorders, musculoskeletal injuries, and cancer is a major driver for the MRI coil market. The shift towards early disease detection and preventive diagnostics has also led to greater demand for high-quality imaging solutions. Moreover, the expansion of telemedicine and AI-driven diagnostics is creating new opportunities for MRI technology, enabling faster and more efficient remote imaging analysis.

What Challenges and Future Opportunities Exist?

Challenges include the high cost of MRI systems and coils, regulatory approval complexities, and the need for specialized training to operate advanced imaging equipment. However, opportunities lie in the development of cost-effective, high-performance coils for emerging markets, as well as AI-integrated MRI solutions that improve diagnostic accuracy. The ongoing research into portable and wearable MRI technology could further revolutionize the field, making high-quality imaging more accessible worldwide.

Report Scope

The report analyzes the Magnetic Resonance Imaging Coils market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Type (Radiofrequency Coil, Gradient Coil); Application (Neurology Application, Cardiovascular Application, Spine & Musculoskeletal Application, Pediatric Application, Breast Application, Abdominal Application, Other Applications); End-Use (Hospitals End-Use, Diagnostic Imaging Centers End-Use, Ambulatory Care Centers End-Use, Other End-Uses)

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Radiofrequency Coil segment, which is expected to reach US$8.7 Billion by 2030 with a CAGR of a 5.4%. The Gradient Coil segment is also set to grow at 8.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $2.5 Billion in 2024, and China, forecasted to grow at an impressive 10.1% CAGR to reach $2.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Magnetic Resonance Imaging Coils Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Magnetic Resonance Imaging Coils Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Magnetic Resonance Imaging Coils Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Analogic Corporation, Aurora Imaging Technology, Inc., Bruker Corporation, Canon Medical Systems Corporation, Esaote S.p.A. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 44 Featured):

• Analogic Corporation
• Aurora Imaging Technology, Inc.
• Bruker Corporation
• Canon Medical Systems Corporation
• Esaote S.p.A.
• GE HealthCare
• Hitachi Medical Systems
• Invivo Corporation
• Medspira LLC
• Monteris Medical
• MR Instruments, Inc.
• Neocoil, LLC
• Noras MRI Products GmbH
• Philips Healthcare
• Quality Electrodynamics (QED)
• RAPID MR International
• ScanMed LLC
• Shanghai United Imaging Healthcare Co., Ltd.
• Siemens Healthineers
• Time Medical Systems

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry