MRI Magnet Shimming Coil Market Overview
As per MRFR analysis, the MRI Magnet Shimming Coil Market Size was estimated at 1.69 (USD Billion) in 2022.
The MRI Magnet Shimming Coil Market Industry is expected to grow from 1.81(USD Billion) in 2023 to 3.2 (USD Billion) by 2032. The MRI Magnet Shimming Coil Market CAGR (growth rate) is expected to be around 6.57% during the forecast period (2024 - 2032)
Key MRI Magnet Shimming Coil Market Trends Highlighted
MRI Magnet shimming coils are needed in order to improve the magnetic field homogeneity, which is necessary to get satisfactory results in more sophisticated MR imaging techniques. As per the estimates, the MRI Magnet shimming coils market is expected to expand rapidly over the next few years due to the rising demand for high-field MRI machines and the technological evolution in MR imaging. There are also possibilities in the areas of active and passive shimming technique development and the use of AI-based algorithms for automated shimming. Also, developments in the direction of personalized medicine and the increasing incidence of chronic diseases will contribute to the growth of this market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
MRI Magnet Shimming Coil Market Drivers
Advancements in MRI Technology
One of the key drivers with a long-lasting effect on the described industry is the sustainable growth of MRI technology. Specifically, with new MRI coils being developed, such as phased-array coils and parallel imaging coils, the opportunities for carrying out MRIs more quickly and accurately become available. In turn, as a direct effect of the identified advancement, a range of new methods for MRI is developed, thus, applying to an increased number of clinical and research needs ( diffusion tensor imaging and functional MRI ).With the increased demand for MRI and new applications being discovered, the demand for MRI Magnet Shimming Coils is expected to rise.
Increasing Prevalence of Chronic Diseases
The second major driver aiding in the growth of the MRI Magnet Shimming Coil Market Industry is the growing prevalence of chronic diseases, which include cancer as well as cardiovascular disease. An MR or Magnetic Resonance Imaging happens to be an essential tool for the purposes of diagnosing as well as monitoring such diseases, the usage of which is expected to grow due to the growing numbers of such diseases.
Government Initiatives and Funding
Government initiatives and funding are also driving the growth of the MRI Magnet Shimming Coil Market Industry. Governments all over the world are making significant investments in healthcare infrastructure, including MRI machines and MRI Magnet Shimming Coils. This trend is expected to continue over the coming years as governments recognize the value of MRI technology in detecting and diagnosing disease.
MRI Magnet Shimming Coil Market Segment Insights
MRI Magnet Shimming Coil Market Shielding Depth Insights
Shielding Depth segments the MRI Magnet Shimming Coil Market. The key segments include 25-50 Centimeters, 50-75 Centimeters, 75-100 Centimeters, And Over 100 Centimeters. The size of the 25-50 Centimeters segment is anticipated to be the largest revenue share in 2023, accounting for around 35% of global revenue. Rising demand for low-field MRI systems, which are typically used to image small body parts such as the head, neck, and extremities, is expected to boost the size of this segment. The 50-75 Centimeters segment is expected to be the fastest-growing segment over the forecast period, at a CAGR of 7.2%.The growth can be attributed to the growing use of mid-field MRI systems, which offer a larger field of view and better image quality than low-field systems. The 75-100 Centimeters segment is anticipated to hold a substantial share of global revenue by 2032. Increasing demand for high-field MRI systems, which are used to image big body parts like the torso and abdomen, is a driving factor. The market share of the Over 100 Centimeters segment is expected to be modest, although the CAGR is projected to be steady during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
MRI Magnet Shimming Coil Market Coolant Type Insights
The MRI Magnet Shimming Coil Market Segmentation by Coolant Type Liquid Helium, Liquid Argon, Liquid Nitrogen, Others. The Liquid Helium segment had the largest revenue share of over 60% in 2023 due to its high cooling efficiency and ability to stabilize the magnetic field. Liquid Nitrogen is expected to grow with the highest CAGR over the forecast period due to its cost-efficiency and rapid penetration in emerging markets. The Others section includes various innovative coolants, such as fluorinated inert liquids FILs, which possess the characteristics of high thermal conductivity and low boiling point.
MRI Magnet Shimming Coil Market Magnet Type Insights
The MRI Magnet Shimming Coil Market is segmented into Magnet Types, which include Permanent Magnets, Superconducting Magnets, Resistive Magnets, and Hybrid Magnets. Permanent Magnets accounted for the largest share of the MRI Magnet Shimming Coil Market in 2023 and are expected to maintain their dominance during the forecast period. Superconducting Magnets are anticipated to grow at a significant CAGR from 2024 to 2032 due to their high magnetic field strength and low operating costs. Resistive Magnets are also expected to witness steady growth over the forecast period.Hybrid Magnets, which combine the advantages of both Permanent Magnets and Superconducting Magnets, are expected to gain traction in the market over the coming years. The MRI Magnet Shimming Coil Market segmentation provides valuable insights into the industry, enabling stakeholders to make informed decisions. This data can be used to identify potential growth opportunities, target specific customer segments, and develop effective marketing strategies.
MRI Magnet Shimming Coil Market End-User Insights
The end-user segment plays a crucial role in shaping the dynamics of the MRI Magnet Shimming Coil Market. Hospitals account for the largest share of the market, driven by the increasing prevalence of MRI procedures for various diagnostic and therapeutic applications. Diagnostic imaging centers also contribute significantly to the market growth, as they provide specialized MRI services to patients. Research institutes are actively involved in developing and testing novel MRI technologies, which fuels the demand for MRI Magnet shimming coils.Pharmaceutical and biotechnology companies utilize MRI for drug discovery and clinical research, contributing to the market demand. The MRI Magnet Shimming Coil Market is expected to witness steady growth in the coming years, driven by the increasing adoption of MRI technology across various end-user segments.
MRI Magnet Shimming Coil Market Regional Insights
The MRI Magnet Shimming Coil Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest market for MRI Magnet Shimming Coil, accounting for over 35% of the global revenue in 2023. The region is home to a large number of hospitals and imaging centers, as well as a strong research and development base. Europe is the second largest market, followed by APAC. APAC is expected to experience the highest growth over the forecast period due to the increasing demand for healthcare services in the region. South America and MEA are relatively smaller markets, but they are expected to grow at a steady pace over the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
MRI Magnet Shimming Coil Market Key Players And Competitive Insights
Major players in MRI Magnet Shimming Coil Market industry are continuously investing in research and development to enhance the performance and capabilities of their products. They focus on developing innovative solutions to address the evolving needs of customers and stay ahead of the competition. Leading MRI Magnet Shimming Coil Market players adopt strategies such as partnerships, acquisitions, and collaborations to expand their market reach and strengthen their competitive position. The MRI Magnet Shimming Coil Market development is driven by the growing demand for high-quality and accurate diagnostic imaging, which is essential for early disease detection and effective treatment planning. The increasing prevalence of chronic diseases and the rising awareness of the benefits of MRI technology contribute to the growth of the market.Bruker is a leading provider of MRI Magnet Shimming Coil Market solutions. The company offers a wide range of high-performance shimming coils designed to improve the uniformity and homogeneity of the magnetic field in MRI systems. Bruker's shimming coils are used in various applications, including research, clinical imaging, and spectroscopy. The company has a strong focus on innovation and continuously invests in the development of new and improved shimming technologies. Bruker's commitment to quality and customer satisfaction has made it a trusted partner for many research institutions and hospitals worldwide.Siemens Healthineers is another major player in the MRI Magnet Shimming Coil Market. The company offers a comprehensive portfolio of shimming coils that are optimized for different MRI system configurations and applications. Siemens Healthineers' shimming coils are known for their high precision and accuracy, which enables researchers and clinicians to obtain high-quality images with minimal artifacts. The company invests heavily in research and development to develop innovative shimming techniques and technologies. Siemens Healthineers' commitment to providing cutting-edge solutions has made it a preferred choice for many leading healthcare institutions worldwide.
Key Companies in the MRI Magnet Shimming Coil Market Include
- Neusoft Medical Systems
- Philips Healthcare
- Esaote
- United Imaging Healthcare
- Siemens Healthineers
- Mindray Medical
- Shenzhen Anke Hightech
- Toshiba Medical Systems
- Shanghai United Imaging Healthcare
- Hitachi Medical Systems
- GE Healthcare
- Canon Medical Systems
- Suzhou Institute of Biomedical Engineering and Technology
- Bruker BioSpin
- Shimadzu
MRI Magnet Shimming Coil Market Industry Developments
Recent news developments in the MRI Magnet Shimming Coil Market highlight advancements in coil design and material innovations. In 2023, Siemens Healthineers introduced its latest generation of Tim+Dot coils, offering improved signal-to-noise ratio and reduced examination times. Similarly, GE Healthcare announced the launch of its Optima MR450w system with SilentScan technology, featuring advanced shimming algorithms for reduced acoustic noise during scans. These developments underscore the industry's focus on enhancing patient comfort and diagnostic accuracy.
MRI Magnet Shimming Coil Market Segmentation Insights
MRI Magnet Shimming Coil Market Shielding Depth Outlook
- 25-50 Centimeters
- 50-75 Centimeters
- 75-100 Centimeters
- Over 100 Centimeters
MRI Magnet Shimming Coil Market Coolant Type Outlook
- Liquid Helium
- Liquid Argon
- Liquid Nitrogen
- Others
MRI Magnet Shimming Coil Market Magnet Type Outlook
- Permanent Magnets
- Superconducting Magnets
- Resistive Magnets
- Hybrid Magnets
MRI Magnet Shimming Coil Market End-User Outlook
- Hospitals
- Diagnostic Imaging Centers
- Research Institutes
- Pharmaceutical Companies
- Biotechnology Companies
MRI Magnet Shimming Coil Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
1.69(USD Billion) |
| Market Size 2023 |
1.81(USD Billion) |
| Market Size 2032 |
3.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.57% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2022 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Neusoft Medical Systems, Philips Healthcare, Esaote, United Imaging Healthcare, Siemens Healthineers, Mindray Medical, Shenzhen Anke Hightech, Toshiba Medical Systems, Shanghai United Imaging Healthcare, Hitachi Medical Systems, GE Healthcare, Canon Medical Systems, Suzhou Institute of Biomedical Engineering and Technology, Bruker BioSpin, Shimadzu |
| Segments Covered |
Shielding Depth, Coolant Type, Magnet Type, End-User, Regional |
| Key Market Opportunities |
Expanding MRI System Applications Growing Demand for HighField MRI Technological Advancements in Shimming Techniques Increasing Prevalence of Neurological Disorders Growing Focus on Personalized Medicine |
| Key Market Dynamics |
Increasing demand for high-field MRI systems Technological advancements in shimming techniques Growing prevalence of chronic diseases Rising healthcare expenditure Government initiatives to promote MRI technology |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The MRI Magnet Shimming Coil Market is projected to Register a CAGR of 6.57% from 2024 to 2032.
The MRI Magnet Shimming Coil Market is expected to reach a valuation of 3.2 Billion USD by 2032.
Some of the key competitors in the MRI Magnet Shimming Coil Market include Siemens Healthineers, GE Healthcare, and Philips Healthcare.
The increasing demand for MRI scans, the growing prevalence of chronic diseases, and the technological advancements in MRI systems are some of the key factors driving the growth of the MRI Magnet Shimming Coil Market.
The high cost of MRI systems and the lack of skilled professionals are some of the challenges faced by the MRI Magnet Shimming Coil Market.
The growing demand for MRI scans in developing countries and the increasing adoption of AI in MRI systems are some of the opportunities for the MRI Magnet Shimming Coil Market.
The increasing use of 3D printing in the manufacturing of MRI coils and the development of new materials for MRI coils are some of the trends in the MRI Magnet Shimming Coil Market.
