Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Magnetic Resonance Imaging Coils Market to reach USD 15.60 billion by the end of 2030.

Global Magnetic Resonance Imaging Coils Market Size study & Forecast, by Type (Radiofrequency Coil, Gradient Coil), by Application (Neurology, Cardiovascular, Spine and Musculoskeletal, Pediatric, Beast, Abdominal, Oher), by End User (Hospitals, Diagnostics Imaging Centers, Ambulatory Care Centers, Other) and Regional Analysis, 2023-2030

Product Code: HLSMDE-45518013
Publish Date: 19-06-2023
Page: 200

Global Magnetic Resonance Imaging Coils Market is valued at approximately USD 7.98 billion in 2022 and is anticipated to grow with a compounded annual growth rate of more than 8.7% over the forecast period 2023-2030. The Magnetic Resonance Imaging (MRI) Coils consist of a conductive loop or an array of loops that generate and receive radiofrequency signals. These signals interact with the body’s protons (primarily found in water molecules) when exposed to a strong magnetic field and radiofrequency pulses. The protons absorb energy from the RF pulses and subsequently, Emmett signals as they return to their equilibrium state. However, the growing geriatric population and increasing prevalence of chronic diseases emerge as to be the growth factors of the Global Magnetic Resonance Imaging Market.

According to the World Health Organization (WHO) in 2022, noncommunicable diseases (NCDs), impact individuals across diverse ages, groups, regions, and nations. Although these conditions are commonly linked to older age groups, research reveals that 17 million premature NCD-related deaths occur before the age of 70. It is estimated that 86% of these early days transpire in low and middle-income countries. Risk factors associated with NCD such as unhealthy diets, physical inactivity, tobacco, smoke, exposure, or excessive alcohol consumption, make children, adults, and the elderly susceptible to these conditions. According to World Health Organization (WHO) in 2020, the population share of people aged 60 years and above rose to 1.4 billion from 1 billion. The global population of individuals, aged 60 years and older is expected to double, reaching a staggering, 2.1 billion. Furthermore, it is anticipated that the number of individuals aged 60 years or older expected to get triple between 2020 and 2015, reaching account to 426 million. However, the high cost of MRI systems and limited accessibility may hamper the growth of the Global Magnetic Resonance imaging coils Market. Moreover, increasing research and development (R&D) investment and medical tourism emerge as to be growth opportunities in the market.

The key regions considered for the Global Magnetic Resonance Imaging Coils Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market owing to the factors such as the presence of advanced healthcare infrastructure and inclination towards advanced technology. Asia Pacific region emerges as to be the fastest growing region due to factors such as the emerging market for medical tourism and the large population that occurs to be the center of approach towards the deployment of advanced healthcare technology and opportunity for investment in the healthcare infrastructure.

Major market player included in this report are:
GE HealthCare Technologies Inc.
Koninklijke Philips N.V.
Siemens Healthineers AG
Canon Medical Systems Corporation
Esaote Biomedica SPA
MR Instruments Inc.
Rapid MR International LLC
Scanmed LLC
Bruker Scientific Instruments
Hologic Inc.

Recent Developments in the Market:
Ø In June 2020, the Neuroscience Foundation made an announcement regarding the development of 7T MRI technology to enhance neurovascular imaging in neurological illness. The foundation has allocated a total pending amount of USD 16 722 for this research study.
Ø In October 2022, DirectMed Parts and Services LLC announced a partnership and investment with ScanMed to expand the MRI coil repair and supply capabilities. furthermore, this partnership may significantly enhance their technical support capabilities towards end customers, including field service, engineers, and biomedical engineers.
Global Magnetic Resonance Imaging Coils Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Radiofrequency Coil
Gradient Coil

By Application:
Spine and Musculoskeletal

By End User:
Diagnostic Imaging Centers
Ambulatory Care Services

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Magnetic Resonance Imaging Coil Market, by Region, 2020-2030 (USD Billion)
1.2.2. Magnetic Resonance Imaging Coil Market, by Type, 2020-2030 (USD Billion)
1.2.3. Magnetic Resonance Imaging Coil Market, by Application, 2020-2030 (USD Billion)
1.2.4. Magnetic Resonance Imaging Coil Market, by End User, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Magnetic Resonance Imaging Coil Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Magnetic Resonance Imaging Coil Market Dynamics
3.1. Magnetic Resonance Imaging Coil Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing Geriatric Population Increasing Prevalence of Chronic Diseases
3.1.2. Market Challenges High Cost of MRI Systems Limited Accessibility
3.1.3. Market Opportunities Increasing Research and Development (R&D) Investment Growing Medical Tourism
Chapter 4. Global Magnetic Resonance Imaging Coil Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Magnetic Resonance Imaging Coil Market, by Type
5.1. Market Snapshot
5.2. Global Magnetic Resonance Imaging Coil Market by Type, Performance – Potential Analysis
5.3. Global Magnetic Resonance Imaging Coil Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Magnetic Resonance Imaging Coil Market, Sub Segment Analysis
5.4.1. Radiofrequency Coil
5.4.2. Gradient Coil
Chapter 6. Global Magnetic Resonance Imaging Coil Market, by Application
6.1. Market Snapshot
6.2. Global Magnetic Resonance Imaging Coil Market by Application, Performance – Potential Analysis
6.3. Global Magnetic Resonance Imaging Coil Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Magnetic Resonance Imaging Coil Market, Sub Segment Analysis
6.4.1. Neurology
6.4.2. Cardiovascular
6.4.3. Spine and Musculoskeletal
6.4.4. Pediatric
6.4.5. Brest
6.4.6. Abdominal
6.4.7. Other
Chapter 7. Global Magnetic Resonance Imaging Coil Market, by End User
7.1. Market Snapshot
7.2. Global Magnetic Resonance Imaging Coil Market by End User, Performance – Potential Analysis
7.3. Global Magnetic Resonance Imaging Coil Market Estimates & Forecasts by End User 2020-2030 (USD Billion)
7.4. Magnetic Resonance Imaging Coil Market, Sub Segment Analysis
7.4.1. Hosptial
7.4.2. Diagnostic Imaging Centres
7.4.3. Ambulatory Care Services
7.4.4. Other
Chapter 8. Global Magnetic Resonance Imaging Coil Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Magnetic Resonance Imaging Coil Market, Regional Market Snapshot
8.4. North America Magnetic Resonance Imaging Coil Market
8.4.1. U.S. Magnetic Resonance Imaging Coil Market Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Magnetic Resonance Imaging Coil Market
8.5. Europe Magnetic Resonance Imaging Coil Market Snapshot
8.5.1. U.K. Magnetic Resonance Imaging Coil Market
8.5.2. Germany Magnetic Resonance Imaging Coil Market
8.5.3. France Magnetic Resonance Imaging Coil Market
8.5.4. Spain Magnetic Resonance Imaging Coil Market
8.5.5. Italy Magnetic Resonance Imaging Coil Market
8.5.6. Rest of Europe Magnetic Resonance Imaging Coil Market
8.6. Asia-Pacific Magnetic Resonance Imaging Coil Market Snapshot
8.6.1. China Magnetic Resonance Imaging Coil Market
8.6.2. India Magnetic Resonance Imaging Coil Market
8.6.3. Japan Magnetic Resonance Imaging Coil Market
8.6.4. Australia Magnetic Resonance Imaging Coil Market
8.6.5. South Korea Magnetic Resonance Imaging Coil Market
8.6.6. Rest of Asia Pacific Magnetic Resonance Imaging Coil Market
8.7. Latin America Magnetic Resonance Imaging Coil Market Snapshot
8.7.1. Brazil Magnetic Resonance Imaging Coil Market
8.7.2. Mexico Magnetic Resonance Imaging Coil Market
8.8. Middle East & Africa Magnetic Resonance Imaging Coil Market
8.8.1. Saudi Arabia Magnetic Resonance Imaging Coil Market
8.8.2. South Africa Magnetic Resonance Imaging Coil Market
8.8.3. Rest of Middle East & Africa Magnetic Resonance Imaging Coil Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. GE Healthcare Technologies Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Koninklijke Philips N.V.
9.3.3. Siemens Healthineers AG
9.3.4. Canon Medical Systems Corporation
9.3.5. Esaote Biomedica SPA
9.3.6. MR Instruments Inc.
9.3.7. Rapid MR International LLC
9.3.8. Scanmed LLC
9.3.9. Bruker Scientific Instruments
9.3.10. Hologic Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.
Enquiry Now