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Magnetic Resonance Imaging Coils Market in Japan is projected to register a CAGR of nearly 9.5% during 2023 to 2033

The Magnetic Resonance Imaging Coils Market revenues were estimated at US$ 8.5 Billion in 2022 and are anticipated to grow at a CAGR of 8.3% from 2023 to 2033, according to a recently published Future Market Insights report. By the end of 2033, the market is expected to reach a valuation of US$ 20.3 Billion.

The expanding elderly population, technological improvements such as low-field strength and high-field strength MRI equipment, and improved health awareness in industrialized nations have contributed to the rise in MRI demand.

The market value of the MRI system is increasing due to the development of wide-bore MRI systems and technologically complex MRI coils, among other advancements in the MRI system. Because of the rising technical advantage in obtaining high-quality images of soft tissue, ligaments, and other human organs, the demand for high-field strength MRI will increase.

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With every passed year, the usefulness of radio frequency equipment for a wide range of therapeutic application grows. The rising focus of global firms on generating RF coils is projected to aid the segment’s expansion. Furthermore, the region’s continuous technical advances and huge investments in healthcare research are likely to boost the MRI market share.

Among regions, the MRI market in North America is rapidly expanding due to the region’s high level of development and people’s increased awareness about healthcare issues. Due to the general significant increasing adoption of innovative techniques and the rising frequency of serious diseases, the marketplace in this sector is expected to rise.

Competitive Landscape

The key players operating in the market are ESAOTE SPA, Bruker, Canon Medical Systems Corporation, GE Healthcare, Hologic Inc., Koninklijke Philips N.V., MR Instruments, Inc., RAPID MR International, LLC, ScanMed, and Siemens Healthcare Private Limited.

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Some of the recent developments of key Magnetic Resonance Imaging Coils providers are as follows:

  • In June 2020, the Neuroscience Foundation announced a project to develop 7T MRI technology for better neurovascular imaging in neurological illnesses. The Neuroscience Foundation provided funding for this study, which total US$ 16,722.
  • In April 2018, ScanMed partnered with Fujikura, a Japanese company, to produce MRI coils.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Magnetic Resonance Imaging Coils Market, presenting historical market data (2018-2022) and forecast statistics for the period of 2023-2033.

The study reveals extensive growth in Magnetic Resonance Imaging Coils Market by Type (Radiofrequency Coil, Gradient Coil), by Application (Neurology, Cardiovascular, Spine and Musculoskeletal, Pediatric, Breast, Abdominal, Other Applications), by End Uses (Hospitals, Diagnostic Imaging Centers, Ambulatory Care Centers, Other End-uses), across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Market Segments Covered in Magnetic Resonance Imaging Coils Market Analysis

By Types:

  • Radiofrequency Coil
  • Gradient Coil

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By Application:

  • Neurology
  • Cardiovascular
  • Spine and Musculoskeletal
  • Pediatric
  • Breast
  • Abdominal
  • Other Applications

By End Use:

  • Hospitals
  • Diagnostic Imaging Centers
  • Ambulatory Care Centers
  • Other End-uses

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa(MEA)

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Last Updated: 24-May-2023