The magnetic resonance imaging (MRI) coils market is projected to grow from USD 9.03 billion in 2024 to USD 16.23 billion by 2032, registering a CAGR of 7.6% during the forecast period.
REPORT ATTRIBUTE
DETAILS
Historical Period
2020-2024
Base Year
2024
Forecast Period
2025-2032
Magnetic Resonance Imaging (MRI) Coils Market Size 2024
USD 9.03 Billion
Magnetic Resonance Imaging (MRI) Coils Market, CAGR
7.6%
Magnetic Resonance Imaging (MRI) Coils Market Size 2032
USD 16.23 Billion
The magnetic resonance imaging coils market grows as demand for advanced diagnostic imaging rises across hospitals and diagnostic centers, driven by the increasing prevalence of chronic diseases and the need for precise, non-invasive imaging solutions. Technological advancements, including lightweight coil designs, higher channel counts, and improved signal-to-noise ratios, enhance image quality and patient comfort, fueling adoption. The shift toward portable and hybrid MRI systems further expands market opportunities. Trends such as integration of AI-based imaging, customized coil solutions for specialized applications, and rising investments in healthcare infrastructure support strong growth, positioning MRI coils as critical components in modern medical imaging.
The magnetic resonance imaging coils market shows diverse geographical presence with North America leading at 38% supported by advanced healthcare systems, followed by Europe at 27% driven by strong regulatory standards and innovation. Asia Pacific holds 24% with rapid infrastructure expansion, while Latin America accounts for 6% and the Middle East & Africa 5%, both gaining momentum through rising investments. Key players include Siemens Healthineers AG, GE HealthCare Technologies, Inc., Koninklijke Philips N.V., Canon Medical Systems Corporation, Esaote SPA, Scanmed, LLC., Magnetica Ltd., MR Instruments, Inc., Rapid MR International, LLC., and Tesla Engineering Ltd.
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The magnetic resonance imaging coils market is projected to grow from USD 9.03 billion in 2024 to USD 16.23 billion by 2032, registering a CAGR of 7.6%, driven by rising chronic disease prevalence, advanced diagnostic needs, and adoption of portable and hybrid MRI systems.
By type, radiofrequency coils lead with 65% share due to their critical role in high-resolution imaging and multi-channel innovation, while gradient coils hold 35% with growth supported by improved imaging speed and efficiency.
By application, neurology dominates with 40% share, followed by cardiovascular at 20%, spine and musculoskeletal at 15%, breast at 10%, abdominal at 7%, pediatric at 5%, and other applications at 3%.
By end-use, hospitals account for 55% of the market supported by large patient bases and advanced infrastructure, diagnostic imaging centers hold 30%, ambulatory surgical centers represent 10%, while other end-users contribute 5%.
Regionally, North America leads with 38%, Europe follows at 27%, Asia Pacific holds 24%, Latin America 6%, and the Middle East & Africa 5%, supported by expanding infrastructure, investments, and rising diagnostic needs globally.
Market Drivers
Rising Burden of Chronic Diseases and Diagnostic Demand
The magnetic resonance imaging coils market expands as the prevalence of chronic conditions such as cardiovascular diseases, neurological disorders, and cancer increases globally. It drives greater reliance on MRI technology for accurate and early diagnosis, creating consistent demand for advanced coils that improve image resolution and diagnostic accuracy. Growing awareness of preventive healthcare and higher screening rates strengthen adoption. Healthcare providers invest in MRI upgrades to manage patient load efficiently, fueling steady market growth.
For instance, Siemens Healthineers launched its new BioMatrix technology with 3T MRI scanners, which adapts to patient anatomy and enhances coil performance for high-precision neurological imaging.
Technological Advancements and Product Innovation
The magnetic resonance imaging coils market benefits from rapid innovation in coil technology, with manufacturers introducing lightweight, flexible, and high-channel-count designs that enhance patient comfort and diagnostic performance. It supports improved signal-to-noise ratios and faster scan times, enabling clinicians to deliver better outcomes. Integration of AI and software-based optimization strengthens the precision of coil-based imaging. Continuous R&D investments from leading players ensure new product launches that align with evolving clinical requirements and healthcare demands.
For instance, in 2024, Polarean Imaging received FDA clearance for its XENOVIEW® 3T chest coil compatible with GE Healthcare MRI systems, enabling advanced hyperpolarized Xenon-129 lung imaging for better pulmonary assessment.
Expansion of Healthcare Infrastructure and Accessibility
The magnetic resonance imaging coils market gains momentum from global investments in healthcare infrastructure, particularly in emerging economies. Governments and private organizations allocate resources to expand diagnostic facilities, enhancing access to MRI services. It encourages higher procurement of advanced MRI systems equipped with innovative coils. Growing patient volumes in urban and semi-urban areas highlight the importance of efficient imaging. The expansion of hospitals, diagnostic chains, and mobile imaging units supports widespread coil adoption across varied care settings.
Shift Toward Personalized and Specialized Imaging Solutions
The magnetic resonance imaging coils market experiences growth from the rising demand for specialized coils designed for targeted applications such as brain, spine, cardiac, and orthopedic imaging. It enhances diagnostic precision by offering tailored imaging solutions for specific clinical needs. Customization supports improved patient outcomes and strengthens physician confidence. Increased focus on personalized medicine and higher investments in clinical research accelerate demand for advanced coil configurations. This trend positions MRI coils as critical enablers of next-generation healthcare delivery.
Market Trends
Integration of AI and Digital Technologies in Imaging
The magnetic resonance imaging coils market witnesses a strong trend toward the integration of AI-driven imaging tools and advanced digital technologies. It supports automation of image reconstruction, noise reduction, and error minimization, leading to sharper images with reduced scan times. Hospitals and diagnostic centers adopt AI-assisted coils to improve workflow efficiency and patient throughput. Growing collaborations between coil manufacturers and AI firms create opportunities for innovation. This trend strengthens diagnostic precision while reducing overall operational burden.
For instance, GE HealthCare integrated its AIR Recon DL deep learning reconstruction software into MRI scanning, reducing noise and improving image sharpness, with clinical validation showing up to 50% reduced scan time.
Rising Demand for Portable and Point-of-Care MRI Systems
The magnetic resonance imaging coils market benefits from the rising adoption of portable and compact MRI systems designed for point-of-care use in emergency departments, ICUs, and rural facilities. It expands patient accessibility to diagnostic services beyond traditional hospital settings. Demand for lightweight, flexible coils that support portability is rising. Market players invest in developing coils optimized for smaller MRI units. This trend enables rapid imaging in critical care scenarios, strengthening the role of MRI in urgent diagnostics.
For instance, Hyperfine’s portable Swoop MRI scanner has been deployed in over 100 U.S. locations, including neuro ICU units, enabling rapid imaging for patients too unstable for traditional scanners.
Focus on Patient Comfort and Ergonomic Coil Designs
The magnetic resonance imaging coils market grows with a clear focus on enhancing patient comfort through ergonomic coil designs that minimize claustrophobia and discomfort. It encourages manufacturers to produce flexible, lightweight, and form-fitting coils that improve the patient experience during lengthy scans. Hospitals increasingly prioritize equipment that balances clinical performance with comfort. Adoption of pediatric and specialty coils supports diverse patient needs. This trend drives innovation in coil materials, shaping the market toward patient-centric imaging solutions.
Increasing Customization and Specialized Clinical Applications
The magnetic resonance imaging coils market evolves with increasing demand for customization to serve specialized imaging applications such as neuro, cardiac, musculoskeletal, and oncology diagnostics. It supports precision medicine by enabling tailored imaging solutions that improve diagnostic accuracy for specific conditions. Rising investments in research drive the development of advanced coils with targeted functionalities. Hospitals and academic institutions adopt these innovations to advance clinical outcomes. This trend reinforces the strategic role of MRI coils in specialized healthcare delivery.
Market Challenges Analysis
High Costs and Budget Constraints in Healthcare Systems
The magnetic resonance imaging coils market faces significant challenges due to the high cost of MRI systems and associated coils, which limits adoption in budget-constrained healthcare settings. It restricts smaller hospitals and clinics from upgrading to advanced coil technologies, creating disparities in diagnostic capabilities across regions. Maintenance and replacement costs further add financial pressure on providers. Reimbursement limitations in certain countries hinder investment in modern equipment. These financial barriers slow market penetration, particularly in emerging economies with limited healthcare budgets.
Regulatory Complexity and Technological Limitations
The magnetic resonance imaging coils market encounters challenges from complex regulatory pathways and stringent approval requirements that delay product launches. It raises development costs for manufacturers and impacts the speed of technological adoption. Technological constraints such as limited compatibility between new coils and older MRI systems create operational hurdles. Integration of advanced digital tools requires significant training, which burdens healthcare staff. These limitations, combined with slower adoption cycles, restrain the market’s ability to achieve faster global expansion.
Market Opportunities
Growing Demand in Emerging Economies and Expanding Healthcare Access
The magnetic resonance imaging coils market holds strong opportunities in emerging economies where healthcare infrastructure is rapidly expanding and diagnostic capabilities are being modernized. It benefits from rising investments in hospitals, diagnostic centers, and mobile imaging units that increase access to advanced imaging services. Government-led initiatives to improve rural healthcare strengthen adoption further. Rising disposable incomes and growing awareness of early disease detection encourage higher MRI utilization. These dynamics create favorable conditions for coil manufacturers to penetrate underserved markets.
Advancements in Specialized Coils and Personalized Imaging Solutions
The magnetic resonance imaging coils market gains opportunities from the rising demand for specialized coils tailored for specific clinical applications such as brain, cardiac, and musculoskeletal imaging. It enables greater precision in diagnostics and aligns with the global shift toward personalized medicine. Development of lightweight, flexible, and patient-centric coils supports improved comfort and diagnostic efficiency. Partnerships between medical device companies and research institutions accelerate innovation. Expanding use of AI-enabled imaging further enhances performance, creating new avenues for growth and differentiation.
Market Segmentation Analysis:
By Type
In the magnetic resonance imaging coils market, radiofrequency coils hold the dominant share at 65%, driven by their critical role in transmitting and receiving signals to deliver high-resolution imaging. Their wide adoption across multiple clinical applications, including neurology and musculoskeletal diagnostics, strengthens demand. Continuous innovation in multi-channel and phased-array RF coil designs enhances image quality, supporting precise diagnoses. Gradient coils account for 35% of the market, with growth supported by technological advancements aimed at improving imaging speed and efficiency.
For instance, GE Healthcare’s AIR™ coils employ flexible lightweight designs that adapt to patient anatomy, significantly improving comfort and diagnostic accuracy.
By Application
Neurology dominates the application segment of the magnetic resonance imaging coils market with a 40% share, supported by the rising prevalence of neurological disorders such as stroke, Alzheimer’s disease, and multiple sclerosis. Demand for advanced brain imaging solutions drives innovation in specialized head coils that provide enhanced signal-to-noise ratios. Cardiovascular imaging holds 20%, supported by early heart disease detection needs. Spine and musculoskeletal imaging contribute 15%, breast imaging accounts for 10%, abdominal imaging for 7%, pediatric imaging for 5%, while other applications represent 3%.
For instance, Siemens Healthineers launched its Head/Neck 64 coil in 2022, designed to deliver higher-resolution imaging for complex neurological exams.
By End-use
Hospitals account for the largest share in the magnetic resonance imaging coils market at 55%, supported by their extensive patient base, broad diagnostic capabilities, and higher budget allocations for advanced imaging technologies. Investment in upgrading MRI infrastructure positions hospitals as key adopters of advanced coil systems. Diagnostic imaging centers represent 30% of the market, gaining traction due to the rise in outpatient diagnostic services. Ambulatory surgical centers account for 10%, while other end-users contribute 5%, focusing on specialized and cost-effective imaging solutions.
Segments:
Based on Type
Radiofrequency coil
Gradient Coil
Based on Application
Neurology
Cardiovascular
Spine and musculoskeletal
Pediatric
Breast
Abdominal
Other applications
Based on End-use
Hospitals
Diagnostic imaging centers
Ambulatory surgical centers
Other end-users
Based on the Geography:
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Argentina
Rest of Latin America
Middle East & Africa
GCC Countries
South Africa
Rest of the Middle East and Africa
Regional Analysis
North America
North America dominates the magnetic resonance imaging coils market with a 38% share, supported by strong adoption of advanced imaging technologies and a well-established healthcare infrastructure. It benefits from high healthcare spending, favorable reimbursement policies, and strong investments in diagnostic innovation. The prevalence of chronic diseases such as cancer and neurological disorders drives consistent MRI demand. Leading market players headquartered in the region contribute to rapid product innovation. Hospitals and diagnostic centers prioritize upgrading coil systems to improve accuracy, patient comfort, and workflow efficiency, reinforcing North America’s leading position.
Europe
Europe holds 27% of the magnetic resonance imaging coils market, driven by strong regulatory emphasis on quality imaging and patient safety. It gains support from extensive adoption of MRI systems across major countries such as Germany, the UK, and France. The growing elderly population and rising incidence of neurological and cardiovascular conditions fuel MRI usage. Research collaborations between universities and medical device firms strengthen innovation in coil technologies. Investments in advanced diagnostic equipment ensure hospitals remain key adopters. The region’s focus on sustainable healthcare and precision medicine supports steady demand for specialized coils.
Asia Pacific
Asia Pacific accounts for 24% of the magnetic resonance imaging coils market, with growth fueled by rapid healthcare infrastructure expansion in China, India, and Japan. It benefits from government-led initiatives to improve diagnostic access and rising investments in hospitals and imaging centers. Growing awareness of early disease detection strengthens MRI adoption. Rising disposable income and urbanization encourage patients to seek advanced imaging solutions. Manufacturers target the region with cost-effective coil solutions tailored to local needs. The presence of local and global players accelerates product availability and market penetration.
Latin America
Latin America holds 6% of the magnetic resonance imaging coils market, with demand supported by expanding diagnostic imaging capabilities in Brazil, Mexico, and Argentina. It faces challenges from limited healthcare budgets but gains momentum through private investments and international partnerships. Growing prevalence of chronic diseases creates sustained MRI demand. Hospitals and imaging centers in urban areas prioritize advanced diagnostic tools, boosting coil adoption. Training programs and technology transfer initiatives improve clinical capacity. The region continues to show gradual but consistent growth in MRI adoption.
Middle East & Africa
The Middle East & Africa represents 5% of the magnetic resonance imaging coils market, supported by healthcare modernization efforts and rising investment in medical technologies. It benefits from increasing government funding to improve hospital infrastructure and diagnostic facilities. Countries such as the UAE, Saudi Arabia, and South Africa lead adoption within the region. The rising burden of chronic diseases drives MRI demand. Limited access in rural areas remains a challenge, but urban hospitals prioritize advanced coil technologies. Growing partnerships with international players expand availability of modern imaging solutions.
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The magnetic resonance imaging coils market demonstrates strong competition, shaped by global leaders and specialized players focusing on innovation and strategic expansion. It features prominent companies such as Siemens Healthineers AG, GE HealthCare Technologies, Inc., Koninklijke Philips N.V., and Canon Medical Systems Corporation, which dominate through advanced product portfolios, global distribution networks, and consistent investments in R&D. Specialized firms like Scanmed, LLC, MR Instruments, Inc., Rapid MR International, LLC, and Tesla Engineering Ltd. (Tesla Ltd.) contribute to niche advancements with targeted coil solutions. Esaote SPA and Magnetica Ltd. (AVINGTRANS PLC) strengthen competitiveness by focusing on compact and specialized MRI applications. Players actively invest in lightweight coil designs, improved signal-to-noise ratios, and ergonomic features that enhance patient comfort and diagnostic accuracy. Strategic partnerships with hospitals, research institutions, and AI technology providers support product integration and wider adoption. The market remains dynamic, with innovation-driven competition encouraging continuous development of specialized coils to meet growing demand across neurology, cardiovascular, and musculoskeletal imaging applications.
Recent Developments
In November 2024, Canon Medical Systems USA introduced the Vantage Galan 3T /Supreme Edition, featuring all Canon-made components, a precision Japan-built magnet, and a real-time imaging platform to enhance quality, streamline workflow, and improve patient comfort.
In September 2023, Siemens Healthineers secured FDA clearance for its Magnetom Viato.Mobile, a mobile MRI solution that broadens access to high-end imaging and strengthens its portfolio with integrated MRI coils.
In April 2025, GE HealthCare partnered with Cincinnati Children’s Hospital in a strategic research collaboration focused on advancing pediatric healthcare through innovations across MRI, ultrasound, molecular imaging, and CT.
In November 2023, Koninklijke Philips N.V. launched the MR Smart Fit Coils designed for shoulders, cardiac, torso, and knee imaging, improving scanning efficiency and patient experience with faster, more precise imaging.
Market Concentration & Characteristics
The magnetic resonance imaging coils market reflects a moderately concentrated structure, where a few global leaders dominate alongside several specialized players focusing on niche technologies. It is shaped by strong competition in innovation, with emphasis on high-channel, lightweight, and patient-centric coil designs that enhance diagnostic accuracy and comfort. Large companies leverage global distribution networks, strong R&D investments, and collaborations with healthcare institutions to maintain their edge. Smaller firms contribute by offering specialized coils for targeted applications, ensuring a balance between scale and customization. Hospitals and diagnostic centers drive adoption through consistent investment in advanced imaging systems, reinforcing demand for upgraded coils. The market demonstrates characteristics of steady growth, fueled by rising chronic disease prevalence, expanding healthcare infrastructure, and increasing demand for precision diagnostics. It remains highly innovation-driven, with technological integration, AI support, and ergonomic design defining the competitive landscape and shaping purchasing decisions across end-users worldwide.
Report Coverage
The research report offers an in-depth analysis based on Type, Application, End-Use and Geography. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.
Future Outlook
Rising chronic and neurological diseases will strengthen global demand for advanced MRI coil technologies.
Hospitals and diagnostic centers will prioritize system upgrades, fueling continuous adoption of innovative MRI coils.
Portable MRI systems will boost demand for lightweight, flexible, and patient-friendly coil solutions worldwide.
AI-powered imaging integration will improve diagnostic accuracy, efficiency, and reliability of coil-based MRI systems.
Specialized coils targeting brain, cardiac, and musculoskeletal imaging will dominate future clinical adoption trends.
Expanding healthcare infrastructure in emerging economies will drive higher adoption of MRI coil technologies.
Patient comfort and ergonomic design improvements will remain critical factors influencing coil development priorities.
Strategic collaborations with research institutions will accelerate advancements in innovative MRI coil solutions.
Customization of MRI coils for personalized imaging will support precision medicine and better outcomes.
Competitive intensity will rise as players differentiate through technology, design, and advanced clinical performance.
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Frequently Asked Questions
What is the current market size for Magnetic Resonance Imaging Coils Market, and what is its projected size in 2032?
The magnetic resonance imaging coils market reached USD 9.03 billion in 2024 and is projected to grow to USD 16.23 billion by 2032.
At what Compound Annual Growth Rate is the Magnetic Resonance Imaging Coils Market projected to grow between 2025 and 2032?
The magnetic resonance imaging coils market is projected to expand at a strong compound annual growth rate (CAGR) of 7.6% during 2025 to 2032.
Which Magnetic Resonance Imaging Coils Market segment held the largest share in 2024?
In 2024, radiofrequency coils held the largest market share at 65%, supported by their vital role in high-resolution imaging and advanced multi-channel technologies.
What are the primary factors fueling the growth of the Magnetic Resonance Imaging Coils Market?
Key growth factors include rising prevalence of chronic diseases, demand for advanced diagnostic imaging, technological innovations, adoption of AI integration, and expanding global healthcare infrastructure investments.
Who are the leading companies in the Magnetic Resonance Imaging Coils Market?
Leading companies include Siemens Healthineers AG, GE HealthCare Technologies, Koninklijke Philips N.V., Canon Medical Systems Corporation, Esaote SPA, Scanmed, Magnetica Ltd., MR Instruments, Rapid MR International, and Tesla Engineering.
Which region commanded the largest share of the Magnetic Resonance Imaging Coils Market in 2024?
In 2024, North America commanded the largest share of the magnetic resonance imaging coils market with 38%, driven by advanced healthcare infrastructure and strong innovation.
About Author
Shweta Bisht
Healthcare & Biotech Analyst
Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.
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