A new Report by Delvens, titled "Magnetic Resonance Imaging (MRI) Coils Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Magnetic Resonance Imaging (MRI) Coils market size was estimated at USD 8.81 billion in 2023 and is projected to reach USD 15.7 billion in 2030 at a CAGR of 7.5% during the forecast period 2023-2030.
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The expansion of the global market size for Magnetic Resonance Imaging Coils is principally influenced by the escalation in the number of chronic ailments, such as cancer, the advancement of technology within the healthcare sector, and the increase in the number of product launches and product approvals for MRI coils. Furthermore, it should be noted that MRI technology is employed for the purpose of diagnosing malignant or benign tumors.
Specifically, it is utilized for the diagnosis of brain tumors and spine tumors. Consequently, the proliferation of brain tumors and spine tumors is predicted to propel the demand for MRI technology, which in turn, will fuel the demand for MRI coils for MRI devices. This, in turn, is expected to drive the growth of the MRI coil market.
Regional Analysis:
North America to Dominate the Market
- North America accounted for a majority of the global MRI coils market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to increase in the number of research activities, technological advancement in the healthcare sector and rise in the prevalence of chronic diseases.
- The Asia-Pacific region is expected to experience highly profitable expansion, primarily attributed to the concurrent increase in expenditure allocated by government organizations towards the development of the healthcare sector.
Competitive Landscape
- General Electric
- Koninklijke Philips N.V.
- Siemens Healthcare Gmbh
- Aurora Healthcare Us Corp
- Noras Mri Products
- Esaote Spa
- Hitachi, Ltd.
- Bruker
- Imris
- Monteris
- Nael Medical - Part Of Nbhh Group
- Medspira
- Canon Medical Systems Usa, Inc.
- Mr Instruments, Inc.
- Scanmed, Llc.
- Bruker and More
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Recent Developments:
In November 2021, GE Healthcare, a United States-based establishment that specializes in the provision of diagnostic services, therapeutic solutions, and monitoring through the utilization of intelligent devices, has recently procured BK Medical for an undisclosed amount. This acquisition has enabled GE Healthcare to expand its pre- and post-operative ultrasound capabilities, thereby encompassing the rapidly-evolving and comparatively nascent domain of real-time surgical visualization
In July 2020, Canon Medical Systems Corporation, a renowned and esteemed subsidiary of the world-renowned corporation Canon Inc., has recently had the privilege of receiving the much-coveted approval from the authoritative and esteemed FDA for its innovative, unique, and novel technology, Compressed SPEEDER.
Reasons to Acquire:
Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
Gain authentic and granular data access for the Magnetic Resonance Imaging (MRI) Coils Market to understand the trends and the factors involved in changing market situations.
Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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In addition to the market data for the Magnetic Resonance Imaging (MRI) Coils Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
Frequently Asked Questions:
What are the years considered to study Magnetic Resonance Imaging (MRI) Coils Market?
The Magnetic Resonance Imaging (MRI) Coils Market is studied from 2023-2030.
What is the compound annual growth rate (CAGR) of the Magnetic Resonance Imaging (MRI) Coils Market?
The Magnetic Resonance Imaging (MRI) Coils Market is growing at a CAGR of 7.5% during the forecast period.
Which region holds the largest market share in Magnetic Resonance Imaging (MRI) Coils Market?
North America holds the highest share in 2022 for Magnetic Resonance Imaging (MRI) Coils Market.
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