Authored By: Sarah
03 Mar 2023

MRI Coils Market Size to Grow by USD 1,385.59 Million at a CAGR of 5.84% Between 2022 and 2027

The Magnetic Resonance Imaging (MRI) coils market share is forecast to reach USD 1,385.59 million, after growing at a CAGR of 5.84% during 2023-2027. The growing number of MRI procedures is analyzed to boost the Magnetic Resonance Imaging (MRI) coils market growth. Moreover, the availability of custom MRI coils is the major trend enhancing the overall market demand for Magnetic Resonance Imaging (MRI) coils during the forecast period.   

Get a snapshot of the Magnetic Resonance Imaging (MRI) coils market analysis: Unlock the Sample Report The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 3525.94 Million.

Browse Technavio's 166-page report and in-depth TOC on "MRI Coils Market by type (adult and pediatric), end-user (hospitals, diagnostic imaging centers, and ambulatory care centers), and geography (North America, Europe, Asia, and Rest Of World (ROW)).

View detailed Table of Contents Here: https://www.technavio.com/report/mri-coils-market-size-industry-analysis

MRI Coils Market Size to Grow by USD 1,385.59 Million at a CAGR of 5.84% Between 2022 and 2027

Type: 

  • Adult: The market share growth of the adult segment will be significant during the forecast period. MRI coils for adults provide high-quality images of body extremities such as the head, heart, elbow, joint, breast, thorax, foot, abdomen, neck, and spine for the diagnosis of diseases such as tumors.

  • Pediatric 

Geography: 

  • North America: 41% of market growth will develop from North America during the forecast period. A growing geriatric population, an increase in the prevalence of chronic diseases, and the adoption of technologically improved diagnostic technologies for early illness diagnosis and screening have made the US the largest contributor to the market in North America. 

  • Europe 

  • Asia 

  • Rest of World (ROW) 

End-user: 

  • Hospitals 

  • Diagnostic imaging centers

  • Ambulatory care centers 

Key Takeaways: 

  • The Magnetic Resonance Imaging (MRI) coils market size will witness a YOY Growth Rate of 5.12% in 2023.  

  • The high cost of MRI coil will be a major challenge for the Magnetic Resonance Imaging (MRI) coils market during the forecast period. 

  • Major key Magnetic Resonance Imaging (MRI) coils market players include: Abbott Laboratories, Agilent Technologies Inc., AURORA HEALTHCARE US Corp., Bruker Corp., Canon Medical Systems Corp., Esaote Spa, General Electric Co., Hitachi Ltd., Hologic Inc., Kaneka Corp., Koninklijke Philips NV, MicroPort Scientific Corp., MR Instruments Inc., RAPID MR International LLC, ScanMed LLC, Shimadzu Corp., Siemens Healthineers AG, Terumo Medical Corp., Time Medical, and Wallaby Medical Holding Inc.

  • The report illustrates the lifecycle of the market, focusing on the adoption rates of the major regions such as the US, Germany, France, Japan, and China. 

Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth. 

Key data covered in the MRI Coils Market report 

  • Precise market size estimation during the forecast period 2023-2027.  

  • CAGR of the Magnetic Resonance Imaging (MRI) coils market forecast during 2023-2027.  

  • Market-level data on units, average selling prices, and values of the Magnetic Resonance Imaging (MRI) coil market share.  

  • Prediction of the upcoming trends, drivers, and factors that challenge the growth of the Magnetic Resonance Imaging (MRI) coils market.  

  • Magnetic Resonance Imaging (MRI) coils industry growth across North America, Europe, Asia, and Rest Of World (ROW). 

Read News Read Less
Interested in this report?
Get your sample now!
Technavio