|
Forecast Period
|
2026-2030
|
|
Market Size (2024)
|
USD 9.14 Billion
|
|
Market Size (2030)
|
USD 14.82 Billion
|
|
CAGR (2025-2030)
|
8.36%
|
|
Fastest Growing Segment
|
Spine and Musculoskeletal
|
|
Largest Market
|
North America
|
Market Overview
The Global Magnetic Resonance Imaging
Coils Market was valued at USD 9.14 Billion in 2024 and is expected to reach
USD 14.82 Billion by 2030 with a CAGR of 8.36%. The Global Magnetic Resonance
Imaging (MRI) Coils Market is experiencing consistent growth driven by the
expanding applications of MRI in disease diagnosis and the rising burden of
chronic illnesses such as cancer, neurological disorders, and cardiovascular
conditions. As the aging population continues to grow, the demand for
non-invasive diagnostic solutions is rising. MRI coils, being critical
components that enhance image quality and diagnostic accuracy, are witnessing
higher demand across hospitals and diagnostic centers. Increased adoption of
high-field and ultra-high-field MRI systems by healthcare providers is further
supporting market expansion. MRI coils such as phased-array coils, surface
coils, and volume coils are increasingly tailored for specific anatomical
regions, contributing to improved clinical outcomes.
Technological advancements are shaping new trends in
the MRI coils market. The integration of AI with MRI technology is optimizing
image acquisition and reconstruction, resulting in reduced scan times and
enhanced precision. Lightweight, flexible, and patient-friendly coil designs
are gaining traction, offering improved patient comfort and workflow efficiency
for radiologists. There's also a growing shift toward the development of
pediatric and dedicated organ-specific coils, aimed at improving diagnostic efficiency
in targeted applications. Hybrid imaging systems that combine MRI with other
modalities like PET are boosting the requirement for customized coils
compatible with multimodal platforms, driving innovation among manufacturers.
Despite promising growth, the market faces certain
challenges that could restrain its full potential. High installation and
maintenance costs of MRI systems and coils remain a barrier, especially for
healthcare facilities in resource-constrained settings. Reimbursement
limitations and regulatory hurdles further delay the adoption of new
technologies in several markets. The complexity of coil design and the need for
continuous R&D investments raise operational costs for manufacturers.
Moreover, intense competition among key players has led to pricing pressures,
making it challenging for smaller companies to sustain. Addressing these
challenges through product differentiation, cost-effective innovations, and
strategic partnerships will be crucial for sustained market growth.
Key Market Drivers
Rising
Demand for Accurate and Non-Invasive Diagnostics
The rising demand for accurate and
non-invasive diagnostics is a powerful catalyst for growth in the Global
Magnetic Resonance Imaging (MRI) Coils Market. In 2023, approximately 40
million MRI scans were performed in the United States, and globally the figure
reached 100–150 million annually. These striking numbers reflect
healthcare’s collective shift toward early disease detection and precision
medicine areas where MRI stands unrivaled. Magnetic Resonance Imaging offers
high-resolution visualization of soft tissues, complex anatomical structures,
and organs without exposing patients to ionizing radiation, distinguishing it
from modalities like X-rays or CT scans.
Central to achieving such high-quality
MRI imaging are the coils essential hardware that transmit and receive
radiofrequency signals. Technological innovations in coil design have
significantly boosted the signal-to-noise ratio (SNR), reduced scan duration,
and elevated image clarity. In Canada, a 2022–2023 inventory survey
revealed that over 80% of MRI systems operate at 1.5 T, with nearly 18% at 3 T,
highlighting a clear regional pivot toward high-field systems that demand
advanced coil solutions. Healthcare institutions from large
multispecialty hospitals to dedicated imaging centers are increasingly
deploying organ-specific and phased-array coils tailored for brain, spine,
breast, and cardiac imaging.
Clinicians rely on MRI not only for
diagnosis but also for monitoring treatment efficacy and disease progression.
For chronic conditions like cancer, neurological disorders, and cardiovascular
ailments, repeated and precise imaging is essential, and repeated scans require
coils that deliver consistently high performance. Advanced coils are being
engineered for enhanced patient comfort, lighter weight, flexible forms, and
quicker setup making the procedure less daunting. Integration of AI-driven
reconstruction software with high-performance coils is improving diagnostic
accuracy, minimizing repeat scans, and optimizing clinical workflow. As
healthcare systems worldwide strive to improve patient outcomes and reduce
costs, the demand for precise, non-invasive diagnostics will continue to drive
investment in advanced MRI coil technology across the globe.
Increasing
Prevalence of Chronic and Degenerative Diseases
The rising prevalence of chronic and degenerative
diseases is a pivotal factor fueling expansion within the Global Magnetic
Resonance Imaging (MRI) Coils Market. In the United States alone, over
125 million adults nearly 50% of the population live with at least one chronic
condition such as heart disease, stroke, diabetes, or cancer. These
conditions demand frequent, detailed diagnostic imaging to monitor disease
progression and guide therapeutic intervention. As MRI is the preferred
modality for soft-tissue visualization, the necessity for high-performance
coils providing superior signal-to-noise ratio and spatial resolution continues
to intensify.
In countries like India,
non-communicable diseases (NCDs) affect approximately 116 per 1,000 people,
with cardiovascular, neurological, and respiratory disorders being predominant.
As its geriatric population expands, the nation’s health infrastructure is
responding: in 2023, India installed around 291 MRI units across public and
private sectors, with ambitious government schemes aiming to double MRI
penetration by 2030. These efforts reinforce demand for region-specific,
high-performance coils particularly those optimized for brain, spine, and
musculoskeletal imaging.
Slowly aging populations worldwide face increasing
rates of conditions like osteoarthritis, Alzheimer's, and degenerative spinal
diseases. Due to the incremental nature of these disorders, repeated MRI scans
become essential for ongoing management. Precision for functional imaging in
neurology or cartilage integrity evaluation in orthopedics depends on
anatomically tailored coils with phased-array and multi-channel technologies offering
clinicians confidence in long-term patient assessment.
Hospitals and imaging centers, driven by value-based
care principles, are investing in advanced MRI systems accompanied by premium
coils. These technologies reduce scan times, enhance throughput, and minimize
diagnostic errors, ultimately delivering better patient outcomes. As global
healthcare systems shift toward preventive and chronic care models, the
requirement for regular, high-resolution imaging will become even more
pronounced. MRI coils integral to the process stand at the heart of this
transformation, steering sustained market growth through innovation, targeted
design, and clinical necessity.
Expansion
of Healthcare Infrastructure and Imaging Facilities
The expansion of healthcare infrastructure and imaging
facilities is a significant growth engine for the Global MRI Coils Market. In
emerging economies such as India and China, large-scale investment initiatives
have led to a surge in MRI system installations. For instance, India’s
national healthcare expenditure reached ₹86,175 crore (~ USD 10.5 billion) in
2023 up from ₹76,000 crore in 2022 primarily directed toward medical
infrastructure, including MRI systems. The Pradhan Mantri Swasthya Suraksha
Yojana (PMSSY) and Ayushman Bharat have funded the establishment of over 200
new diagnostic centers in Tier 2 and Tier 3 cities in 2023, many equipped with
high-field (1.5 T and 3 T) MRI machines. These modern systems require
specialized coils like phased-array and flexible designs driving demand for
advanced coil technology.
In China, under the “Healthy China 2030” initiative
and the 14th Five‑Year Plan (2021–2025), the government is increasing hospital
bed-to-population ratios and financing the modernization of diagnostic
departments.
These investments extend beyond traditional hospital
settings. India’s rollout of mobile MRI units and tele-radiology services has
brought advanced imaging to remote and rural areas 700+ telemedicine hubs now
incorporate imaging consultations as of 2024 requiring compact, portable coil
systems built for mobility and versatility. In China, decentralized
community health centers like the Guixi Community Health Service Center in
Chengdu Hi-tech Zone (opened March 2023) are also being equipped with MRI
units, enhancing local diagnostic capacity.
In developed regions, healthcare providers are
replacing aging MRI infrastructure with AI-enabled and high-field systems,
promoting demand for specialized coils optimized for applications such as
neurology, cardiology, and oncology. For example, in 2023 Philips
invested USD 60 million in a Bengaluru health‑tech campus focusing on digital
imaging innovation.
These statistically-backed government initiatives and
infrastructure growth across the Asia-Pacific region create extensive
opportunities for advanced MRI coil providers. Rising installations of
high-field systems, both stationary and mobile, present sustained and
diversified demand for high-performance coil solutions.
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Key Market Challenges
High
Cost of MRI Coils and Imaging Systems
One of the most significant challenges facing the
Global Magnetic Resonance Imaging (MRI) Coils Market is the high cost
associated with MRI coils and imaging systems. Advanced MRI coils, particularly
those designed for high-field and ultra-high-field systems, are complex,
technologically intensive components that require significant investment in
research, materials, and precision engineering. These costs are often passed on
to healthcare providers, making the acquisition and maintenance of these coils a
substantial financial burden, especially for small and mid-sized hospitals and
diagnostic centers. MRI systems themselves represent one of the most expensive
diagnostic tools in healthcare, with prices ranging from hundreds of thousands
to several million dollars, depending on their configuration, field strength,
and applications. Integrating specialized coils with these machines adds
another layer of expense, which limits adoption in budget-constrained settings.
In many regions, especially in low- and middle-income
countries, the high upfront and operational costs restrict healthcare
facilities from upgrading to advanced MRI technologies. This limits patient
access to high-quality imaging services and contributes to disparities in
diagnostic capabilities. Routine maintenance, calibration, and coil replacement
also add to the long-term operational costs, creating ongoing financial
pressure. Reimbursement rates for MRI procedures often do not align with the
true cost of service delivery, making it difficult for healthcare providers to
recover their investments. This economic imbalance discourages many
institutions from investing in newer or specialty coil systems, despite their
clinical benefits. Manufacturers face challenges in justifying pricing while
maintaining profit margins, particularly in price-sensitive markets. As
competition intensifies, pressure grows to reduce costs without compromising on
coil performance, safety, or patient comfort. These cost-related barriers
continue to be a critical hurdle in the widespread adoption of MRI coils,
limiting their penetration into underserved and emerging healthcare markets
where diagnostic imaging demand is steadily rising.
Technical
Complexity and Integration Issues
Technical complexity and integration issues represent
a significant challenge for the Global Magnetic Resonance Imaging (MRI) Coils
Market. MRI coils must be designed with precision to function seamlessly with
increasingly sophisticated MRI systems, which now include high-field and
ultra-high-field machines, AI-enabled platforms, and hybrid imaging
technologies. Creating coils that can deliver optimal signal-to-noise ratios
while maintaining anatomical specificity requires intricate engineering,
advanced materials, and rigorous testing. Each coil must be finely tuned to
specific frequency ranges and imaging protocols, and even minor discrepancies
can result in suboptimal images or artifacts that compromise diagnostic
accuracy. These requirements make the design and production of MRI coils a
resource-intensive and technically demanding process.
The challenge is further compounded by the need for
compatibility across different MRI platforms from various manufacturers.
Hospitals and imaging centers often operate multiple MRI units from different
vendors, and ensuring that a coil works efficiently with diverse systems
without extensive recalibration is a significant obstacle. Integration issues
can lead to workflow inefficiencies, delayed imaging sessions, or increased
technician workload due to frequent repositioning or adjustments. Advanced coil
systems with multiple channels and complex geometries may require upgraded
software, hardware, or power management components, adding to implementation
costs and technical risks. Errors in coil alignment or malfunctioning hardware
can negatively impact image quality, leading to re-scans or diagnostic
inaccuracies. These challenges deter smaller imaging centers from adopting the
latest coil technologies and discourage rapid technology transitions in
low-resource settings. For manufacturers, resolving these complexities demands
sustained investment in research and development, testing protocols, and
after-sales support to ensure smooth integration. Without overcoming these
technical barriers, widespread adoption of next-generation MRI coil technology
may remain limited, especially in institutions lacking the technical expertise
or capital to manage such transitions.
Key Market Trends
Advancement
in Coil Technology
A prominent trend in the Global Magnetic
Resonance Imaging (MRI) Coils Market is the advancement in coil technology,
which is significantly reshaping imaging quality, workflow efficiency, and
patient comfort. Modern MRI coils are being developed with multi-channel and
phased-array configurations that enable improved spatial resolution, faster
image acquisition, and better signal-to-noise ratios. These high-performance
coils allow for more detailed visualization of complex anatomical structures,
which is critical in diagnosing neurological, cardiovascular, musculoskeletal,
and oncological conditions. The demand for application-specific coils, such as
those tailored for cardiac, breast, pediatric, and spinal imaging, is rising
due to the need for precision imaging in specialized clinical settings.
Lightweight, flexible coil materials are replacing rigid designs, allowing for
better patient positioning and enhanced comfort during procedures. This shift
is particularly important for patients with mobility challenges, children, and
those requiring long scan durations.
Wireless coil technology is also gaining
traction, eliminating cumbersome cable arrangements and enabling easier setup
and reduced scan times, which benefits both radiologists and patients.
Integration with artificial intelligence is another key feature in newer coil
models, enhancing real-time image reconstruction and auto-calibration
capabilities. Companies are investing in ergonomic designs that not only
improve diagnostic outcomes but also support higher throughput in imaging
departments. These technological advancements reflect the market’s shift toward
intelligent, efficient, and patient-centric MRI solutions, with coil innovation
playing a central role. As MRI applications expand into functional and
intraoperative imaging, the development of coils that support real-time
diagnostics and compatibility with hybrid imaging platforms is accelerating.
Manufacturers are also leveraging advanced materials and digital technologies
to create durable, reusable coils that align with evolving clinical and operational
needs. This trend highlights the importance of continued R&D in coil
engineering as a driver of future growth and transformation within the MRI
diagnostics landscape.
Integration
of AI and Deep Learning
The integration of artificial intelligence (AI) and
deep learning into the Global Magnetic Resonance Imaging (MRI) Coils Market is
significantly reshaping the diagnostic imaging landscape. AI algorithms are
being embedded into MRI systems and coil technologies to enhance image
acquisition, automate reconstruction, and reduce artifacts, leading to faster
scan times and improved diagnostic accuracy. Deep learning models can analyze
vast datasets to optimize coil positioning, tailor scanning protocols based on
patient anatomy, and assist radiologists by highlighting abnormalities in real
time. This not only streamlines workflow in busy imaging departments but also
addresses the growing challenge of radiologist shortages and increased patient
volumes.
MRI coils enhanced with AI capabilities are enabling
smarter, more adaptive imaging solutions that can dynamically adjust to
different anatomical regions, reducing the need for manual calibration. These
smart coils can communicate with imaging systems to provide real-time feedback,
improve signal-to-noise ratio, and customize imaging parameters for each
patient. Major players in the industry are launching advanced solutions, such
as GE HealthCare’s AIR Recon DL and Siemens Healthineers’ Deep Resolve, which leverage
deep learning to deliver sharper images and faster throughput. AI-powered
post-processing tools are also gaining popularity, enabling automatic
segmentation, 3D reconstruction, and quantitative analysis of imaging results.
These innovations are not only increasing diagnostic precision but also
improving patient comfort by reducing scan durations. The growing integration
of AI into MRI coil design and function is expected to remain a central trend,
pushing the boundaries of what’s possible in non-invasive medical imaging and
supporting a more personalized, data-driven approach to patient care. As
healthcare providers seek to modernize their diagnostic capabilities,
AI-enhanced MRI coils are emerging as essential tools that combine efficiency,
intelligence, and clinical accuracy.
Segmental Insights
Type
Insights
Based
on the Type, Radiofrequency Coil emerged as the dominant segment in
the Global Magnetic Resonance Imaging Coils Market in 2024. This is owing
to their crucial role in both transmitting and receiving signals during MRI
procedures. RF coils are fundamental components that significantly influence
image resolution, signal-to-noise ratio (SNR), and scan quality. Their
versatility across various imaging applications including neurological,
musculoskeletal, abdominal, cardiac, and breast imaging has contributed to
widespread adoption in clinical settings. Technological advancements in
phased-array and multi-channel RF coil designs have enhanced imaging speed,
anatomical coverage, and diagnostic accuracy. Additionally, increasing demand
for high-field MRI systems such as 3T and 7T has further fueled the use of
specialized RF coils to optimize performance in these advanced systems.
Healthcare providers increasingly favor RF coils due to their ability to
deliver high-definition images with minimal artifacts, especially in complex
clinical scenarios. Furthermore, manufacturers are innovating with lightweight,
flexible, and anatomically contoured RF coils to improve patient comfort and
workflow efficiency.
End
User Insights
Based on the End User, Hospitals emerged as the
dominant segment in the
Global Magnetic Resonance Imaging Coils Market in 2024.
This dominance is
due to their high patient volumes, advanced infrastructure, and increasing
investments in diagnostic imaging technologies. Hospitals are the primary
centers for disease diagnosis, treatment planning, and post-treatment
monitoring, leading to a continuous demand for MRI procedures. Equipped with
comprehensive imaging departments, hospitals typically install high-field MRI
systems that require high-performance coils for enhanced diagnostic accuracy.
The growing prevalence of chronic and neurological diseases has further
increased the number of MRI scans conducted in hospital settings, driving the
demand for reliable and efficient MRI coils. Additionally, tertiary and
multi-specialty hospitals are increasingly adopting organ-specific and
phased-array coil systems to cater to specialized imaging needs in neurology,
cardiology, oncology, and orthopedics.
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Regional Insights
North America emerged
as the dominant region in the Global Magnetic Resonance Imaging Coils Market in 2024. This is due to
its advanced healthcare infrastructure, strong adoption of innovative imaging
technologies, and high diagnostic imaging volumes. The United States, in
particular, accounts for a substantial share of the regional market owing to
the presence of leading MRI system manufacturers, extensive hospital networks,
and well-established reimbursement frameworks. The region has seen consistent
investments in upgrading imaging facilities with high-field and
ultra-high-field MRI systems, which require advanced coil systems for optimal
performance. Rising incidence of chronic diseases such as cancer,
cardiovascular disorders, and neurological conditions has further accelerated
the demand for precision imaging tools like MRI coils.
Recent Developments
- In June 2025, Siemens Healthineers announced that its
Magnetom Flow.Ace 1.5 Tesla MRI scanner has received clearance from the U.S.
Food and Drug Administration (FDA). This marks the company’s first 1.5T MR
platform to feature a closed helium circuit with no quench pipe, significantly
minimizing helium consumption and associated operational costs. Designed with a
60 cm bore, the system is intended for both human diagnostic imaging and
veterinary radiology. The Magnetom Flow.Ace supports the full spectrum of MRI
procedures and incorporates artificial intelligence-based image reconstruction
to deliver enhanced image quality and reduced scan times.
- In April 2025, GE HealthCare entered into a strategic
research alliance with Cincinnati Children’s Hospital to accelerate innovation
in pediatric imaging and clinical diagnostics. This collaboration is designed
to advance the development of next-generation imaging technologies and
protocols tailored to the unique needs of pediatric patients. The partnership
encompasses multiple imaging modalities, including magnetic resonance imaging
(MRI), ultrasound, molecular imaging, and computed tomography (CT), aiming to
improve diagnostic accuracy, workflow efficiency, and patient care outcomes in
pediatric healthcare settings.
- In December 2023, GE HealthCare unveiled
its latest AI-enabled MRI system, the SIGNA Champion, at the RSNA 2023 Annual
Meeting. Amid increasing demands for diagnostic precision, improved workflow
efficiency, and a global shortage of radiologists, the company introduced
advanced imaging solutions designed to enhance productivity and clinical
accuracy. Showcased at the Radiological Society of North America (RSNA)
Scientific Sessions, the SIGNA Champion features a wide-bore design and
integrates deep learning technologies to streamline imaging processes and
address patient backlog challenges.
- In November 2024, Canon Medical Systems USA unveiled
the Vantage Galan 3T /Supreme Edition, a high-performance MRI system engineered
entirely with proprietary Canon-manufactured components. Featuring an advanced
real-time imaging platform and a precision-crafted magnet produced in Japan,
the system is designed to deliver superior image resolution, optimized workflow
processes, and enhanced patient comfort. The product launch reflects Canon
Medical's strategic focus on vertical integration and quality control,
positioning the system as a comprehensive solution for hospitals and diagnostic
centers seeking reliability, speed, and precision in MRI imaging.
- In November 2023, Koninklijke Philips N.V. introduced
its MR Smart Fit Coils, specifically developed for high-efficiency imaging of
the shoulder, cardiac, torso, and knee regions. These coils are designed to
simplify positioning, reduce scan times, and elevate overall patient experience
by ensuring comfort and adaptability during procedures. The launch aligns with
Philips’ broader commitment to expanding its smart diagnostic imaging portfolio
and addressing the growing demand for faster, more personalized MR imaging
solutions in both inpatient and outpatient care environments.
Key Market Players
- GE
Healthcare
- Koninklijke
Philips N.V.
- Siemens
Healthineers AG
- Canon
Medical Systems Corporation
- Esaote
S.p.A.
- MR
Instruments, Inc. (MRIi)
- Rapid
MR International, LLC.
- ScanMed,
LLC.
- Noras
MRI Products GmbH
- Nova
Medical
|
By Type
|
By Application
|
By End User
|
By Region
|
- Radiofrequency Coil
- Gradient Coil
|
- Neurology
- Cardiovascular
- Spine and Musculoskeletal
- Pediatric
- Abdominal
- Others
|
- Hospitals
- Diagnostic Imaging Centers
- Ambulatory Care Centers
- Others
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
|
Report Scope:
In this report, the Global Magnetic
Resonance Imaging Coils Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- Magnetic
Resonance Imaging Coils Market, By Type:
o
Radiofrequency
Coil
o
Gradient
Coil
- Magnetic
Resonance Imaging Coils Market, By Application:
o
Neurology
o
Cardiovascular
o
Spine
and Musculoskeletal
o
Pediatric
o
Abdominal
o
Others
- Magnetic
Resonance Imaging Coils Market, By End User:
o
Hospitals
o
Diagnostic
Imaging Centers
o
Ambulatory
Care Centers
o
Others
- Magnetic
Resonance Imaging Coils Market, By Region:
o
North
America
§
United
States
§
Canada
§
Mexico
o
Europe
§
France
§
United
Kingdom
§
Italy
§
Germany
§
Spain
o
Asia-Pacific
§
China
§
India
§
Japan
§
Australia
§
South
Korea
o
South
America
§
Brazil
§
Argentina
§
Colombia
o
Middle
East & Africa
§
South
Africa
§
Saudi
Arabia
§
UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Global Magnetic Resonance
Imaging Coils Market.
Available Customizations:
Global Magnetic Resonance Imaging Coils Market report with the given market data,
TechSci Research offers customizations according to a company's specific needs.
The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
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of release, please contact us at [email protected]