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Magnetic Resonance Imaging Coils Market Value Growth And Long-Term Outlook
The magnetic resonance imaging coils market has experienced strong expansion in recent years. This market is projected to expand from $13.31 billion in 2025 to reach $14.57 billion by 2026, demonstrating a compound annual growth rate (CAGR) of 9.4%. The historical surge can be attributed to elements such as early adoption in hospitals, initial use in diagnostic centers, reliance on conventional coil technologies, growth in neurology imaging, and deployment in musculoskeletal imaging.
The magnetic resonance imaging coils market is projected to experience robust expansion over the coming years. This market is anticipated to reach a valuation of $21.23 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.9%. This anticipated growth during the forecast period stems from factors such as the growing utilization of multi-channel coils, the integration with AI-driven imaging software, the broadening application in pediatric and cardiovascular MRI, the increasing uptake in specialized medical facilities, and the creation of advanced MRI coil systems. Key trends expected during this period involve the incorporation of sophisticated MRI coil designs, the embrace of intelligent imaging components, the deployment of IoT-enabled MRI monitoring, the utilization of high-resolution coil technologies, and the expansion of AI-powered imaging optimization.
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Magnetic Resonance Imaging Coils Market Opportunity Drivers: What’s Unlocking New Revenue Potential?
The expanding count of hospitals is anticipated to propel the future growth of the magnetic resonance imaging coils market. A hospital is a healthcare facility or institution where medical experts deliver treatment, care, and services to individuals experiencing injuries, illnesses, or specific medical conditions. Within these facilities, magnetic resonance imaging coils are vital for enhancing the quality of MRI scans, decreasing scan durations, improving patient comfort, ensuring precise diagnoses, and minimizing the necessity for contrast agents. For example, in August 2023, Interweave Textiles Limited, a UK-based company specializing in textiles, reported that there are 1148 hospitals in the UK. This indicates that the increasing number of hospitals is driving the expansion of the magnetic resonance imaging coils market.
Magnetic Resonance Imaging Coils Market Segment Analysis Spotlighting Growth Areas
The magnetic resonance imaging coils market covered in this report is segmented –
1) By Type: Radiofrequency Coil, Gradient Coil
2) By Application: Neurology, Cardiovascular, Spine and Musculoskeletal, Pediatric, Breast, Abdominal, Other Applications
3) By End User: Hospitals, Diagnostic Imaging Centers, Other End Users
Subsegments:
1) By Radiofrequency Coil: Head Coil, Body Coil, Extremity Coil, Surface Coil
2) By Gradient Coil: Standard Gradient Coil, High-Performance Gradient Coil, Specialized Gradient Coil
Magnetic Resonance Imaging Coils Market Innovation Trends Shaping Future Development
Leading companies in the magnetic resonance imaging (MRI) coils market are concentrating on developing innovative technologies such as high-channel-density, ultra-lightweight flexible coil arrays. This focus aims to improve diagnostic accuracy, enhance patient comfort, and streamline imaging workflows. These advanced coils feature multiple small, closely spaced receiver elements embedded in a flexible housing that conforms to body contours, providing higher signal-to-noise ratios and faster scan times compared to traditional rigid coils. For instance, in January 2025, InkSpace Imaging, a US-based medical device company, received FDA 510(k) clearance for its 1.5 T 24-channel MR coil, intended for Siemens Healthineers Magnetom MRI systems. The product integrates a lightweight, flexible design with high-density coil technology to improve image uniformity and patient comfort, reduce setup time, and enable accelerated parallel imaging. It is designed for use across a range of body regions, thereby enhancing workflow efficiency and diagnostic confidence in clinical MRI environments.
Magnetic Resonance Imaging Coils Market Leading Companies: Who Holds The Strongest Market Presence?
Major companies operating in the magnetic resonance imaging coils market are GE HealthCare Technologies Inc., Siemens Healthineers, Koninklijke Philips N.V. (Philips Healthcare), Canon Medical Systems Corporation, Hitachi Medical Systems, Esaote S.p.A., MR Instruments, Inc., RAPID MR International, LLC, ScanMed LLC, Noras MRI Products GmbH, Neocoil, LLC, Quality Electrodynamics (QED), Aurora Imaging Technology, Inc. (Aurora), Invivo Corporation, Medspira LLC, Time Medical Systems, ShanghAI United Imaging Healthcare Co., Ltd., Magnetica Ltd., Neusoft Medical Systems Co. Ltd., Bruker Corporation
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Magnetic Resonance Imaging Coils Market Top Region: Where Does Most Revenue Come From?
North America was the largest region in the magnetic resonance imaging coils market share in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the magnetic resonance imaging coils market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
