Magnetic Resonance Imaging Coils Market - By Type (Radiofrequency Coil, Gradient Coil), By Application (Neurology, Cardiovascular, Spine and Musculoskeletal, Pediatric, Breast, Abdominal), By End-Use (Hospitals, Diagnostic Imaging Centers) - Global Foreca

Magnetic Resonance Imaging Coils Market - By Type (Radiofrequency Coil, Gradient Coil), By Application (Neurology, Cardiovascular, Spine and Musculoskeletal, Pediatric, Breast, Abdominal), By End-Use (Hospitals, Diagnostic Imaging Centers) - Global Forecast, 2023-2032

Magnetic Resonance Imaging Coils market is predicted to record 8.4% CAGR from 2023 to 2032, attributed to a surge in technological advancements in the medical imaging field. There is a wider adoption of MRI techniques for accurate disease diagnosis and treatment planning, on account of the rising incidence of chronic diseases.

The increasing demand for efficient diagnostic tools to cater to the growing global patient population will further boost industry growth. For instance, in May 2023, GE HealthCare launched new solutions for improving the efficiency of radiation therapy, namely, Auto Segmentation, Intelligent Radiation Therapy (iRT), and an improved MR Radiation Therapy Suite (AIR Open Coil Suite). Additionally, the growing preference for minimally invasive procedures and the awareness about benefits of early disease detection are expected to fuel the market growth.

Magnetic resonance imaging coils market is classified based on type, application, end-use, and region.

The gradient coil segment is anticipated to register 8.3% CAGR from 2023 to 2032 attributed to the increasing demand for high-quality images with enhanced spatial resolution for precise diagnostic analysis. The gradient coils play a crucial role in achieving superior image quality, thereby enabling healthcare professionals to make accurate diagnoses and provide appropriate treatment plans.

The cardiovascular segment is predicted to observe 8.7% CAGR during 2023 and 2032 owing to the growing prevalence of cardiovascular diseases globally. MRI techniques provide comprehensive and detailed images of cardiovascular structures, allowing healthcare providers to accurately assess cardiac conditions and plan appropriate treatment strategies. With an increasing focus on early detection and effective management of cardiovascular ailments, the demand for MRI coils in cardiovascular applications is set to witness a remarkable surge.

Asia Pacific magnetic resonance imaging coils market size will record 8.9% CAGR between 2023 and 2032, driven by the increasing healthcare expenditure, rapid technological advancements, and growing awareness regarding the benefits of early disease detection. In the countries such as China, Japan, and India, the government initiatives are promoting the adoption of advanced medical technologies in order to provide better healthcare facilities and ensure public welfare, further propelling the growth of the MRI Coils market in the Asia Pacific region.