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Magnetic Resonance Imaging Coils Market Projected to Hit USD 1.06 Billion by 2031, due to innovative developments in MRI technology

Magnetic Resonance Imaging (MRI) coils are specialized components of MRI machines that are used to detect the radiofrequency signals emitted by the body during an MRI scan. These coils are typically made of conductive materials, such as copper or aluminum, and are designed to fit closely around the part of the body being imaged.

Allied Market Research has published a study report with the title Magnetic Resonance Imaging (MRI) Coils Market Size was Valued at USD 525.6 million in 2021 and it is estimated to surpass around USD 1.06 billion by 2031, registering a CAGR of 7.3% from 2022 to 2031.

This report provides a comprehensive overview of the Magnetic Resonance Imaging (MRI) Coils Market, including an in-depth analysis of market trends, key segments, investment opportunities, value chain analysis, regional landscape, and competitive scenarios. It offers valuable insights for established market players, new entrants, investors, and other stakeholders to devise effective strategies and make informed decisions to enhance their market position. The report is a valuable resource for anyone seeking to gain a deeper understanding of the Magnetic Resonance Imaging (MRI) Coils Market and its growth potential in the future.

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Covid-19 Scenario-

  • Most of the radiotherapy and MRI diagnostic cases were either postponed or delayed due to the conversion of diagnostic and surgical centers into Covid-19 hospitals, which impacted the global MRI coils market negatively.
  • However, as the majority of government bodies introduced huge vaccination drives, the global situation gradually got back on track and the market for MRI coils also restored slowly and steadily.

Top MRI Coils Companies

  • Canon Inc.
  • General Electric Company
  • Koninklijke Philips N.V.

Magnetic Resonance Imaging (MRI) Coils Market Segmentation

The global MRI coils market is analyzed across type, applications, end-users, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

By Type

  • Radiofrequency coil
  • Gradient coils

By Application

  • Body Oncology
  • Neuro and spine
  • Cardiovascular
  • Pediatric
  • Others

By End User

  • Hospitals and Clinics
  • Diagnostic Imaging Centers

Based on region, the market across North America generated around one-third of the global MRI coils market share in 2021 and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, at the same time, would portray the fastest CAGR of 8.0% during the forecast period.

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Key Findings of the Study

  • By type, the radiofrequency coil segment was the highest contributor to the market in 2021.
  • By application, the neuro & spine segment was the highest contributor to the market in 2021.
  • By end user, the hospitals & clinics segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
  • By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

  • Which are the driving factors responsible for the growth of market?
  • Which are the roadblock factors of this market?
  • What are the new opportunities, by which market will grow in coming years?
  • What are the trends of this market?
  • Which are main factors responsible for new product launch?
  • How big is the global & regional market in terms of revenue, sales and production?
  • How far will the market grow in forecast period in terms of revenue, sales and production?
  • Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
  • How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
  • Which region has more opportunities?

By Region Outlook

  • North America

(U.S., Canada, Mexico)

  • Europe

(Germany, France, UK, Italy, Spain, Rest of Europe)

  • Asia-Pacific

(Japan, China, India, Rest of Asia-Pacific)


(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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David Correa

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Editor Details

  • Company:
    • The Wire Times
Last Updated: 03-May-2023