Magnetic Resonance Imaging (MRI) technology has transformed diagnostic medicine by enabling high-resolution, non-invasive imaging of internal body structures. At the core of MRI systems are specialized components known as MRI coils, which play a critical role in signal transmission and reception. As global healthcare systems invest in advanced imaging technologies, the MRI coils market is witnessing steady expansion.

The global MRI coils market was valued at US$ 4.5 Bn in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2035, reaching approximately US$ 9.3 Bn by the end of 2035. Rising demand for early disease diagnosis, technological advancements in imaging systems, and increasing healthcare infrastructure investments are key factors fueling market growth.

Market Drivers

Rising Prevalence of Chronic Diseases

The increasing incidence of neurological disorders, cardiovascular diseases, musculoskeletal conditions, and cancer has significantly boosted the demand for advanced imaging systems. MRI coils are essential for enhancing image clarity and diagnostic precision, making them indispensable in modern medical facilities.

Technological Advancements in MRI Systems

Continuous innovation in coil design—including multi-channel array coils, lightweight surface coils, and improved signal-to-noise ratio (SNR) capabilities—has enhanced imaging performance. Advanced radiofrequency (RF) coils and gradient systems enable faster scanning times and superior image resolution.

Expansion of Diagnostic Centers

The growth of independent diagnostic imaging centers and ambulatory care facilities is expanding access to MRI services. As healthcare providers focus on decentralized diagnostic services, demand for specialized MRI coils is rising.

Growing Healthcare Investments

Emerging economies are investing heavily in healthcare infrastructure, including imaging technologies. Government initiatives aimed at early disease detection and improved healthcare access further support market expansion.

Market Segmentation Analysis

By Coil Type

The MRI coils market is segmented into:

• Radiofrequency Coils
• Gradient Coils
• Surface Coils
• Others (Volume Coils, Shim Coils, Array Coils, etc.)

Radiofrequency (RF) Coils hold a dominant share due to their essential role in transmitting and receiving MRI signals. Continuous innovation in phased-array RF coils has improved imaging speed and resolution.

Surface Coils are widely used for high-resolution imaging of specific body parts such as joints and spine, making them crucial in musculoskeletal applications.

Gradient Coils are vital for spatial encoding of MRI signals, enabling precise imaging across multiple planes.

By Application

Major application areas include:

• Neurology
• Cardiovascular
• Musculoskeletal
• Oncology
• Others (Gastrointestinal, etc.)

Neurology represents a significant application segment, driven by increasing cases of stroke, brain tumors, and neurodegenerative disorders. MRI is the preferred imaging modality for brain and spinal cord diagnostics.

Oncology is another high-growth segment due to rising cancer prevalence and the need for detailed tumor visualization.

Cardiovascular imaging is expanding with advancements in cardiac MRI techniques, enabling better diagnosis of heart diseases.

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By End-user

Key end-users include:

• Hospitals
• Diagnostics Centers
• Ambulatory Centers
• Others (Academics & Research Institutes, etc.)

Hospitals account for the largest share, as they are primary adopters of high-end MRI systems. Large healthcare institutions require specialized coil configurations to support diverse diagnostic needs.

Diagnostic centers are rapidly growing end-users, particularly in urban regions where outpatient imaging services are expanding.

Competitive Landscape

The global MRI coils market is characterized by the presence of established medical imaging manufacturers and specialized coil developers. Companies focus on product innovation, strategic partnerships, and technological upgrades to maintain competitive advantage.

Companies Profiled:

• ESAOTE SPA
• GE Healthcare
• Koninklijke Philips N.V.
• Siemens Healthcare
• MR Instruments, Inc.
• RAPID MR International LLC
• ScanMed
• Canon Medical Systems Corporation
• Hologic Inc.
• Bruker
• Other prominent players

Major companies invest heavily in R&D to develop high-performance coils with enhanced flexibility, improved patient comfort, and superior image quality. Collaborations between MRI system manufacturers and coil developers are common strategies to deliver integrated imaging solutions.

Regional Outlook

North America leads the MRI coils market due to advanced healthcare infrastructure, high adoption of diagnostic imaging systems, and significant R&D investments. Europe follows closely, supported by strong regulatory frameworks and technological innovation.

Asia-Pacific is expected to witness substantial growth during the forecast period. Increasing healthcare expenditure, expanding private hospital networks, and rising awareness about early diagnosis contribute to market expansion in the region.

Future Trends and Opportunities

Several trends are expected to shape the MRI coils market through 2035:

• Development of lightweight and flexible coil designs
• Integration of AI-driven imaging systems
• Expansion of portable and compact MRI systems
• Rising demand for high-field and ultra-high-field MRI systems
• Focus on patient-centric imaging solutions

As imaging technology continues to evolve, MRI coils will remain fundamental components driving diagnostic accuracy and clinical efficiency.

Frequently Asked Questions (FAQs)

1. What is the current size of the MRI coils market?

The global MRI coils market was valued at US$ 4.5 billion in 2024.

2. What is the expected market value by 2035?

The market is projected to reach approximately US$ 9.3 billion by 2035, growing at a CAGR of 6.6%.

3. Which coil type holds the largest market share?

Radiofrequency (RF) coils dominate the market due to their essential role in signal transmission and image acquisition.

4. Which application segment drives the highest demand?

Neurology and oncology applications contribute significantly due to the increasing prevalence of brain disorders and cancer cases.

5. Who are the key players in the MRI coils market?

Major players include GE Healthcare, Siemens Healthcare, Philips, Canon Medical Systems, ESAOTE SPA, Bruker, and others.