The market for magnetic resonance imaging (MRI) coils is expected to grow at a CAGR of around 7.0% from 2020 to 2027 and expected to reach the market value of around US$ 12.3 Bn by 2027.
Magnetic Resonance Imaging (MRI) Coils are those which are used in MRI system to capture high-quality images of a part of the body and are essential when generating images. Moreover, MRI is a non-invasive method that allows for fast and reproducible measurements of adipose tissue content in neonates with low intra- and inter-coefficients of variability. There are two major types of MRI coils available in the market include radiofrequency (RF) coil and gradient coil. Gradient coils are used to provide spatial information. The changing gradients are associated with the noise produced during imaging, whereas, RF coils are responsible for transmitting/receiving the signal.
Market Dynamics
The rising prevalence of chronic diseases such as cardiovascular, neurological, and cancer are driving the market growth. The increasing demand for magnetic resonance imaging (MRI) machines for enhanced diagnosis, along with the developing infrastructure across the globe is driving the market value. The advancements in the MRI system majorly including the development of wide-bore MRI systems and technologically advanced MRI coils are boosting the market value. Furthermore, the development of technologically advance MRI coils such as air End-use by GE Healthcare, which has got U.S. FDA approval in 2017. It’s an industry-first suite of RF coils that eases coil handling and positioning during MRI scans. Additionally, in comparison with the traditional coil, it is 60% lighter and flexible which helps in providing better patient care. This air End-use also allows the coil element to be closer to the anatomy, which in turn helps in improving image quality and depth of penetration with improved signal reception.
On the other side, some of the disadvantages associated with the MRI coils on the suspect body such as these may deposit significant RF energy which can lead to patient heating concerns is likely to hinder the growth to an extent over the forecast period from 2020 to 2027.
Segment Instance of Global Magnetic Resonance Imaging (MRI) Coils Market
Radiofrequency Coil accounted for the dominating share in the year 2019
Based on type, the radiofrequency coil segment is leading the market with maximum revenue share in 2019. The radiofrequency coil (RF coil) boosts the reception of magnetic resonance signal in the MRI system by converting the signal into data that get transferred into a computer and processed to form the final image.
North America accounted for the maximum revenue share in 2019
In 2019, North America led the market and the region is also projected to maintain its dominance over the forecast period from 2020 to 2027. The well-established healthcare infrastructure of the region is primarily supporting the regional market value. The major economies of the region US and Canada are major contributors to the magnetic resonance imaging (MRI) coils dominance in the market. The presence of major players in the region along with the high-income population base that can easily spend on the treatments that require MRI imaging is additionally contributing to the regional market value.
Asia Pacific is projected to exhibit fastest growth over the forecast period from 2020 to 2027
The prominent economies of the region including China, Australia, and India are supporting the expected fastest growth in the near future. The rapidly developing healthcare infrastructure of the regions along with the economic development is propelling the market value. The increasing demand from the healthcare facilities under their development programs is further bolstering the regional market value.
Key Market Players
The players profiled in the report include ESAOTE SPA, Bruker, Canon Medical Systems Corporation, GE Healthcare, Hologic Inc., Koninklijke Philips N.V., MR Instruments, Inc., RAPID MR International, LLC, ScanMed, Siemens Healthcare Private Limited, and Others.
Market Segmentation
Market By Type
Radiofrequency Coil
Gradient Coil
Market By Application
Neurology
Cardiovascular
Spine and Musculoskeletal
Pediatric
Breast
Abdominal
Others
Market By End-use
Hospitals
Diagnostic Imaging Centers
Ambulatory Care Centers
Others
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Magnetic Resonance Imaging (MRI) Coils
1.1.Definition and Scope
1.1.1.Definition of Magnetic Resonance Imaging (MRI) Coils
1.1.2.Market Segmentation
1.1.3.Years Considered for the Study
1.1.4.Assumptions and Acronyms Used
1.1.4.1.Market Assumptions and Market Forecast
1.1.4.2.Acronyms Used in Global Magnetic Resonance Imaging (MRI) Coils Market
1.2.Summary
1.2.1.Executive Summary
1.2.2.Magnetic Resonance Imaging (MRI) Coils Market By Type
1.2.3.Magnetic Resonance Imaging (MRI) Coils Market By Application
1.2.4.Magnetic Resonance Imaging (MRI) Coils Market By End-use
1.2.5.Magnetic Resonance Imaging (MRI) Coils Market by Regions
CHAPTER 2. Research Approach
2.1.Methodology
2.1.1.Research Programs
2.1.2.Market Size Estimation
2.1.3.Market Breakdown and Data Triangulation
2.2.Data Source
2.2.1.Secondary Sources
2.2.2.Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1.Market Drivers
3.1.1.Driver 1
3.1.2.Driver 2
3.2.Restraints and Challenges
3.2.1.Restrain 1
3.2.2.Restrain 2
3.3.Growth Opportunities
3.3.1.Opportunity 1
3.3.2.Opportunity 2
3.4.Porter’s Five Forces Analysis
3.4.1.Bargaining Power of Suppliers
3.4.2.Bargaining Power of Buyers
3.4.3.Threat of Substitute
3.4.4.Threat of New Entrants
3.4.5.Degree of Competition
3.5.Market Concentration Ratio and Market Maturity Analysis of Magnetic Resonance Imaging (MRI) Coils Market
3.5.1.Go To Market Strategy
3.5.1.1.Introduction
3.5.1.2.Growth
3.5.1.3.Maturity
3.5.1.4.Saturation
3.5.1.5.Possible Development
3.6.Technological Roadmap for Magnetic Resonance Imaging (MRI) Coils Market
3.7.Value Chain Analysis
3.7.1.List of Key Manufacturers
3.7.2.List of Customers
3.7.3.Level of Integration
3.8.Cost Structure Analysis
3.8.1.Price Trend of Key Raw Materials
3.8.2.Raw Material Suppliers
3.8.3.Proportion of Manufacturing Cost Structure
3.8.3.1.Raw Material
3.8.3.2.Labor Cost
3.8.3.3.Manufacturing Expense
3.9.Regulatory Compliance
3.10.Competitive Landscape, 2019
3.10.1.Player Positioning Analysis
3.10.2.Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1.Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2.R&D Status and Application Source of Magnetic Resonance Imaging (MRI) Coils Major Manufacturers in 2019
CHAPTER 5. Magnetic Resonance Imaging (MRI) Coils Market By Type
5.1.Introduction
5.2.Magnetic Resonance Imaging (MRI) Coils Revenue By Type
5.2.1.Magnetic Resonance Imaging (MRI) Coils Revenue (US$ Mn) and Forecast, By Type, 2016-2027
5.2.2.Radiofrequency Coil
5.2.2.1.Radiofrequency Coil Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3.Gradient Coil
5.2.3.1.Gradient Coil Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Magnetic Resonance Imaging (MRI) Coils Market Revenue By Application
6.1.Introduction
6.2.Magnetic Resonance Imaging (MRI) Coils Revenue (US$ Mn) By Application
6.2.1.Magnetic Resonance Imaging (MRI) Coils Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
6.2.2.Neurology
6.2.2.1.Neurology Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3.Cardiovascular
6.2.3.1.Cardiovascular Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4.Spine and Musculoskeletal
6.2.4.1.Spine and Musculoskeletal Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.5.Pediatric
6.2.5.1.Pediatric Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.6.Breast
6.2.6.1.Breast Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.7.Abdominal
6.2.7.1.Abdominal Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.8.Others
6.2.8.1.Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Magnetic Resonance Imaging (MRI) Coils Market By End-use
7.1.Introduction
7.2.Magnetic Resonance Imaging (MRI) Coils Revenue (US$ Mn) By End-use
7.2.1.Magnetic Resonance Imaging (MRI) Coils Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
7.2.2.Hospitals
7.2.2.1.Hospitals Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3.Diagnostic Imaging Centers
7.2.3.1.Diagnostic Imaging Centers
7.2.4.Ambulatory Care Centers
7.2.4.1.Ambulatory Care Centers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.5.Others
7.2.5.1.Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Magnetic Resonance Imaging (MRI) Coils Market By Country
8.1.North America Magnetic Resonance Imaging (MRI) Coils Overview
8.2.U.S.
8.2.1.U.S. Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.2.2.U.S. Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.2.3.U.S. Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
8.3.Canada
8.3.1.Canada Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
8.3.2.Canada Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
8.3.3.Canada Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
8.4.North America PEST Analysis
CHAPTER 9.Europe Magnetic Resonance Imaging (MRI) Coils Market By Country
9.1.Europe Magnetic Resonance Imaging (MRI) Coils Market Overview
9.2.U.K.
9.2.1.U.K. Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.2.2.U.K. Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.2.3.U.K. Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.3.Germany
9.3.1.Germany Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.3.2.Germany Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.3.3.Germany Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.4.France
9.4.1.France Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.4.2.France Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.4.3.France Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.5.Spain
9.5.1.Spain Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.5.2.Spain Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.5.3.Spain Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.6.Rest of Europe
9.6.1.Rest of Europe Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016-2027
9.6.2.Rest of Europe Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016-2027
9.6.3.Rest of Europe Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.7.Europe PEST Analysis
CHAPTER 10. Asia Pacific Magnetic Resonance Imaging (MRI) Coils Market By Country
10.1.Asia Pacific Magnetic Resonance Imaging (MRI) Coils Market Overview
10.2.China
10.2.1.China Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.2.2.China Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.2.3.China Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.3.Japan
10.3.1.Japan Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.3.2.Japan Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.3.3.Japan Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.4.India
10.4.1.India Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.4.2.India Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.4.3.India Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.5.Australia
10.5.1.Australia Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.5.2.Australia Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.5.3.Australia Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.6.South Korea
10.6.1.South Korea Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.6.2.South Korea Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.6.3.South Korea Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.7.Rest of Asia-Pacific
10.7.1.Rest of Asia-Pacific Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
10.7.2.Rest of Asia-Pacific Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
10.7.3.Rest of Asia-Pacific Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.8.Asia Pacific PEST Analysis
CHAPTER 11. Latin America Magnetic Resonance Imaging (MRI) Coils Market By Country
11.1.Latin America Magnetic Resonance Imaging (MRI) Coils Market Overview
11.2.Brazil
11.2.1.Brazil Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.2.2.Brazil Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.2.3.Brazil Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
11.3.Mexico
11.3.1.Mexico Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.3.2.Mexico Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.3.3.Mexico Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
11.4.Rest of Latin America
11.4.1.Rest of Latin America Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
11.4.2.Rest of Latin America Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
11.4.3.Rest of Latin America Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
11.5.Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Magnetic Resonance Imaging (MRI) Coils Market By Country
12.1.Middle East & Africa Magnetic Resonance Imaging (MRI) Coils Market Overview
12.2.Saudi Arabia
12.2.1.Saudi Arabia Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.2.2.Saudi Arabia Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.2.3.Saudi Arabia Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
12.3.UAE
12.3.1.UAE Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.3.2.UAE Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.3.3.UAE Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
12.4.Rest of Middle East & Africa
12.4.1.Rest of Middle East & Africa Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Type, 2016 - 2027
12.4.2.Rest of Middle East & Africa Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By Application, 2016 - 2027
12.4.3.Rest of Middle East & Africa Magnetic Resonance Imaging (MRI) Coils Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
12.5.Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Magnetic Resonance Imaging (MRI) Coils
13.1.Magnetic Resonance Imaging (MRI) Coils Market Company Share Analysis
13.2.Competition Matrix
13.2.1.Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2.New Product Launches and Product Enhancements
13.2.3.Mergers And Acquisition In Global Magnetic Resonance Imaging (MRI) Coils Market
13.2.4.Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1.ESAOTE SPA
14.1.1.Company Snapshot
14.1.2.Business Overview
14.1.3.Financial Overview
14.1.3.1.Revenue (US$ Mn), 2019
14.1.3.2.ESAOTE SPA 2019 Magnetic Resonance Imaging (MRI) Coils Business Regional Distribution
14.1.4.Product/ Service and Specification
14.1.5.Recent Developments & Business Strategy
14.1.6.Manufacturing Plant Footprint Analysis
14.2.Bruker
14.3.Canon Medical Systems Corporation
14.4.GE Healthcare
14.5.Hologic Inc.
14.6.Koninklijke Philips N.V.
14.7.MR Instruments, Inc.
14.8.RAPID MR International, LLC
14.9.ScanMed
14.10.Siemens Healthcare Private Limited
14.11.Others
