Magnetic Resonance Imaging (MRI) Coils Market Size Worth USD 1.06 billion by 2031: Innovative Designs for Advanced Diagnostics

Magnetic resonance imaging technology is used to investigate body composition and function in both health and disease without the use of ionizing radiation. It is often used to diagnose, diagnose, and monitor treatment. It is based on modern technology that excites and transforms the protons found in water into living tissue.

Allied Market Research has published a study report with the title MRI Coils Market Size was Valued at USD 525.6 million in 2021 and is Projected to Garner USD 1.06 billion by 2031, registering a CAGR of 7.3% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

Covid-19 Scenario-

• Most of the radiotherapy and MRI diagnostic cases were either postponed or delayed due to the convesrsion 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.

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𝐖𝐡𝐚𝐭 𝐀𝐫𝐞 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐟𝐨𝐫 𝐌𝐑𝐈 𝐂𝐨𝐢𝐥𝐬?

Rise in the number of chronic diseases such as cancer and technological advancements in the healthcare sector drives the growth of the global MRI coils market. However, most of the radiotherapy and MRI diagnostic cases were either postponed or delayed during the COVID-19 pandemic. By end-user, the hospitals and clinics segment held the major share in 2021. By region, Asia-Pacific would garner the fastest CAGR by 2031.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐟 𝐌𝐑𝐈 𝐂𝐨𝐢𝐥𝐬

• Canon Inc.
• SCANMED LLC
• ESAOTE SPA
• General Electric Company
• Koninklijke Philips N.V.
• MONTERIS MEDICAL
• AURORA HEALTHCARE US CORP
• MR INSTRUMENTS INC
• RAPID MR INTERNATIONAL
• SIEMENS AG

𝐌𝐑𝐈 𝐂𝐨𝐢𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐜𝐚𝐧 𝐛𝐞 𝐝𝐨𝐧𝐞 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠:

By Type, the radiofrequency coil segment held more than three-fourths of the global MRI coils market revenue in 2021, and is expected to dominate by 2031. The same segment would also manifest the fastest CAGR of 7.5% throughout the forecast period. The gradient coils segment is also analyzed in the study.

By Application, the neuro and spine segment garnered around one-third of the total MRI coils market share in 2021, and is expected to dominate by 2031. The cardiovascular segment, simultaneously, would project the fastest CAGR of 8.3% throughout the forecast period.

By End-user, the hospitals and clinics segment held nearly fourth-fifths of the global MRI coils market revenue in 2021, and is expected to dominate by 2031. The same segment would also cite the fastest CAGR of 7.5% throughout the forecast period.

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. The other provinces analyzed through the report include Europe and LAMEA.

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

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