Mri Coils Market Research Report By Modality (Open MRI, Closed MRI, Wide-Bore MRI, Intraoperative MRI), By Field Strength (Low-Field MRI (0.2-1.5T), Mid-Field MRI (1.5-3T), High-Field MRI (>3T)), By Application (Diagnostic Imaging, Surgical Guidance, Research and Development), By End User (Hospitals and Clinics, Diagnostic Imaging Centers, Research Institutions), By Coil Design (Phased-Array Coils, Volume Coils, Surface Coils, Hybrid Coils) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - For

Global Mri Coils Market Overview

As per MRFR analysis, the Mri Coils Market Size was estimated at 8.65 (USD Billion) in 2022. The Mri Coils Market Industry is expected to grow from 9.77(USD Billion) in 2023 to 29.3 (USD Billion) by 2032. The Mri Coils Market CAGR (growth rate) is expected to be around 12.97% during the forecast period (2024 - 2032).

Key Mri Coils Market Trends Highlighted

Key Market Drivers

The growing prevalence of chronic diseases, increasing affordability of MRI scans, and advancements in MRI technology are driving the market for MRI coils. The demand for specialized coils for specific anatomical regions and applications, such as cardiac, neuro, and musculoskeletal imaging, is also contributing to market growth.

Opportunities to be Explored or Captured

Emerging applications in areas such as functional MRI and molecular imaging present lucrative opportunities for market expansion. Customization and personalization of coils to meet specific clinical requirements are expected to gain traction. Additionally, the integration of artificial intelligence and machine learning in MRI coil design and optimization holds promise for enhancing image quality and diagnostic accuracy.

Trends in Recent Times

Recent trends in the MRI coils market include the adoption of flexible and lightweight coils for improved patient comfort and mobility. The development of coils with higher channel counts and increased sensitivity allows for faster scan times and improved image resolution. Furthermore, the integration of coils with other imaging modalities, such as ultrasound and CT, is gaining attention for multi-modality imaging applications.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Mri Coils Market Drivers

Rising Prevalence of Chronic Diseases

There are also numerous drivers within the Mri Coils Market Industry, with one of the major ones being the rising prevalence of chronic diseases, such as cancer, cardiovascular diseases and, importantly, neurological diseases. As these chronic diseases require an accurate and timely diagnosis, they are usually diagnosed with the help of MRI scans. MRI coils assist in the process by taking high-quality images of the internal organs and tissues, allowing for fast detection of diseases and treatment.In this case, the demand for MRI coils is expected to rise in accordance with the increasing incidence of chronic diseases worldwide.

Technological Advancements and Innovation

Rapid advancements in technology and innovation play a major role in driving the Mri Coils Market Industry. The development of new types of coil systems, such as phased-array coils and flexible coils, substantially developed MRI systems, enabling them with better processing power. These advanced coils provide better image quality at quick scanning and advancement in patient comfort levels during MRI. Using AI-driven image reconstruction algorithms and developing deep learning technologies improved the accuracy of scans.

Growing Healthcare Infrastructure and Accessibility

The broadening of healthcare infrastructure and the surge in accessibility of medical imaging services are essential factors propelling the Mri Coils Market Industry. The installation of new hospitals, clinics, and diagnostic centers in developing countries is driving the demand for MRI coils. Furthermore, various government initiatives to make healthcare services more accessible and affordable increase the utilization of MRI scans, thereby propelling the market for MRI coils.

Mri Coils Market Segment Insights

Mri Coils Field Strength Insights

The Mri Coils Market is segmented into various sub-segments, including Field Strength. The Field Strength segment of the Mri Coils Market is further categorized into Low-Field MRI (0.2-1.5T), Mid-Field MRI (1.5-3T) and High-Field MRI (>3T). The Mri Coils Market revenue for the Field Strength segment is expected to grow significantly in the coming years, owing to increasing demand for MRI procedures and technological advancements in the field of medical imaging. Low-Field MRI systems are commonly used for routine clinical applications, while Mid-Field MRI systems offer higher image quality and are suitable for a wider range of applications.High-field MRI systems provide the highest image quality and are used for specialized applications such as research and diagnosis of complex medical conditions. The MRI Coils Market for Field Strength is expected to witness significant growth due to factors such as increasing prevalence of chronic diseases, rising healthcare expenditure, and growing awareness about the benefits of MRI procedures.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Mri Coils Application Insights

The Mri Coils Market is segmented by application into Diagnostic Imaging, Surgical Guidance and Research and Development. Diagnostic Imaging is the largest segment, accounting for over 60% of the market revenue in 2023. This is due to the increasing demand for MRI scans for the diagnosis of a wide range of medical conditions, such as cancer, heart disease and neurological disorders. The Research and Development segment is also expected to grow significantly as MRI technology continues to be developed for new applications in healthcare.

Mri Coils End User Insights

The end user segment of the MRI Coils Market is primarily driven by the increasing prevalence of chronic diseases, such as cancer and cardiovascular diseases, which require advanced diagnostic imaging techniques. Hospitals and clinics account for the largest share of the market, as they are the primary providers of MRI services. The growing number of hospitals and clinics, particularly in emerging economies, is expected to contribute to the growth of this segment. Diagnostic imaging centers, which provide specialized MRI services, are also expected to witness significant growth owing to the increasing demand for high-quality diagnostic imaging.Research institutions, including universities and research hospitals, are also key end users of MRI coils, as they play a vital role in the development and advancement of MRI technology.

Mri Coil Design Insights

The Mri Coils Market segmentation by Coil Design includes Phased-Array Coils, Volume Coils, Surface Coils and Hybrid Coils. Phased-array coils held the largest market share in 2023 and are expected to continue to dominate the market during the forecast period. The growth of this segment can be attributed to the increasing adoption of phased-array coils in high-field MRI systems, which provide improved image quality and reduced scan times. Volume Coils are expected to witness a significant growth rate during the forecast period, owing to their ability to provide uniform excitation and signal reception over a large volume.Surface Coils are anticipated to grow steadily, primarily due to their use in specialized applications such as cardiac and extremity imaging. Hybrid Coils, which combine the advantages of both phased-array and volume coils, are also expected to gain traction in the market. The Mri Coils Market revenue for the Coil Design segment is projected to reach USD 16.7 billion by 2032, exhibiting a CAGR of 12.3% during the forecast period.

Mri Coils Regional Insights

Mri Coils Market Key Players And Competitive Insights

Major players in the Mri Coils Market industry are constantly striving to gain a competitive edge by developing innovative products and technologies. Leading Mri Coils Market players are focusing on strategic collaborations and partnerships to expand their product portfolios and geographical reach. The Mri Coils Market development landscape is characterized by a high level of competition, with major players investing heavily in research and development to stay ahead of the curve. Companies are actively seeking to differentiate their offerings by providing advanced features, improved functionality, and enhanced customer support. The Mri Coils Market Competitive Landscape is expected to remain dynamic and competitive in the years to come as players continue to battle for market share and technological dominance.A leading company in the Mri Coils Market, Siemens Healthineers is known for its innovative imaging solutions and extensive product portfolio. The company offers a wide range of Mri Coils, including body coils, head coils, and extremity coils. Siemens Healthineers is committed to providing cutting-edge technology and high-quality products to meet the needs of healthcare professionals and patients alike. The company's focus on research and development has resulted in the development of advanced Mri Coils with improved image quality, faster scan times, and increased patient comfort.A notable competitor in the Mri Coils Market, GE Healthcare, is recognized for its comprehensive imaging systems and advanced technologies. The company offers a wide range of Mri Coils, including whole-body coils, cardiac coils, and neurological coils. GE Healthcare is dedicated to providing innovative solutions and exceptional customer service to healthcare facilities around the world. The company's commitment to innovation has led to the development of Mri Coils with enhanced capabilities, such as reduced scan times, improved signal-to-noise ratio, and increased patient throughput.

Key Companies in the Mri Coils Market Include:

• Neusoft Medical Systems


• Aspect Imaging


• Philips Healthcare


• Spectrum Dynamics Medical


• Esaote


• United Imaging Healthcare


• Siemens Healthineers


• Toshiba Medical Systems


• Canon Medical Systems


• GE Healthcare


• Samsung Electronics


• Hitachi Medical Systems


• Mindray Medical International


• Fonar Corporation

Mri Coils Industry Developments

The MRI coils market is projected to reach $9.77 billion by 2023 and $29.3 billion by 2032, exhibiting a CAGR of 12.97% during the forecast period. Key factors driving market growth include increasing prevalence of chronic diseases, rising demand for minimally invasive procedures, and technological advancements in MRI systems.Recent news developments in the market include: 

In February 2023, Siemens Healthineers launched the MAGNETOM Free. Max, a new MRI system with a 70-centimeter bore that provides a more comfortable patient experience and improved image quality. 

In March 2023, GE Healthcare announced the FDA clearance of its SIGNA Hero MRI system, which features AI-powered technologies to enhance image quality and reduce scan times. 

In April 2023, Philips Healthcare introduced the Ingenia Ambition X MRI system, which offers advanced imaging capabilities, including compressed sensing and deep learning reconstruction, to improve diagnostic accuracy.

These developments indicate a continued focus on innovation and technological advancements in the MRI coils market, which is expected to drive market growth in the coming years.

Mri Coils Market Segmentation

Mri Coils Modality Outlook

• Open MRI


• Closed MRI


• Wide-Bore MRI


• Intraoperative MRI

Mri Coils Field Strength Outlook

• Low-Field MRI (0.2-1.5T)


• Mid-Field MRI (1.5-3T)


• High-Field MRI (>3T)

Mri Coils Application Outlook

• Diagnostic Imaging


• Surgical Guidance


• Research and Development

Mri Coils End User Outlook

• Hospitals and Clinics


• Diagnostic Imaging Centers


• Research Institutions

Mri Coils Coil Design Outlook

• Phased-Array Coils


• Volume Coils


• Surface Coils


• Hybrid Coils

Mri Coils Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa