Magnetic Resonance Imaging Coils Market To Reach $14.7 Billion By 2030

Magnetic Resonance Imaging Coils Market Growth & Trends

The global magnetic resonance imaging coils market size is expected to reach USD 14.7 billion by 2030, expanding at 8.4% CAGR from 2025 to 2030, according to a new report by Grand View Research, Inc.  According to the WHO, neurological disorders are responsible for more than 10% of the worldwide burden of disease, with stroke and dementia being the most common causes of disability and death. This is driving the scope of magnetic resonance imaging (MRI) coils globally. In addition, technological advancements are also playing a key role in growth worldwide.

COVID-19 had a significant impact on the industry. The major impact of the pandemic on the imaging diagnostics sector was the disruption of the global supply chain. The manufacturing of MRI coils is a complex process that involves the use of specialized materials and equipment. The pandemic caused disruptions in the availability of these materials and appliances, leading to delays in the production and distribution of magnetic resonance imaging (MRI) coils.

However, the introduction of multipurpose diagnostics is one of the major factors fuelling the market growth. Increasing use of advanced equipment for rapid diagnosis and predictive analysis in various countries is anticipated to contribute to the market. Various factors, such as increasing demand for early diagnosis of chronic diseases and the growing geriatric population, are likely to boost the demand for the sector.

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Magnetic Resonance Imaging Coils Market Report Highlights

• The radiofrequency coil segment led the market with a 61.2% revenue share in 2024 and the gradient coil segment is projected to grow steadily during the forecast period

• The neurology segment led the MRI coils market with a 22.7% revenue share in 2024 and the spine and musculoskeletal segment is projected to expand to a CAGR of 9.1% during the forecast period

• The North American magnetic resonance imaging (MRI) coils market dominated the global market and accounted for a 41.9% revenue share in 2024

Magnetic Resonance Imaging Coils Market Segmentation

Grand View Research has segmented the global magnetic resonance imaging coils market report based on the type, application, end use, and region:

Magnetic Resonance Imaging Coils Application Outlook (Revenue, USD Million, 2018 - 2030)

• Neurology

• Cardiovascular

• Spine and Musculoskeletal

• Pediatric

• Breast

• Abdominal

• Others

Magnetic Resonance Imaging Coils End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Hospitals

• Diagnostic Imaging Centers

• Ambulatory Care Centers

• Others

Magnetic Resonance Imaging Coils Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List of Key Players of Magnetic Resonance Imaging Coils Market

• GE Healthcare

• Koninklijke Philips N.V.

• Siemens Healthineers AG

• Canon Medical Systems Corporation

• Esaote S.p.A.

• MR Instruments, Inc. (MRIi)

• Rapid MR International, LLC.

• ScanMed, LLC.

• Noras MRI Products GmbH

• Nova Medical