Magnetic Resonance Imaging Coil Market Size, Share, Growth, and Industry Analysis, By Type (Radiofrequency Coil and Gradient Coil), By Application (Neurology, Cardiovascular, Spine and Musculoskeletal and Others), and Regional Insights and Forecast to 2034

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MAGNETIC RESONANCE IMAGING COIL MARKET OVERVIEW

The global Magnetic Resonance Imaging (MRI) Coil market size was USD 0.0092 billion in 2025 and is projected to touch USD 0.0187 billion by 2034, exhibiting a CAGR of 8.0% during the forecast period 2025–2034.

The magnetic resonance imaging coil market has gained a steady prominence in the past few years due to the high demand for an advanced diagnostic imaging with precision and clarity in the end use industry verticals across the world. MRI coils are a necessity to ensure better-image quality, lower resonance frequency and higher signal-to-noise ratio that facilitate enhanced visualization of the intricate structures inside the human body. This is particularly important in diseases such as neurodegenerative, cardiovascular, musculoskeletal and oncologic, all age related in addition to lifestyle-borne diseases, which are all of them an increasing concern with aging populations. Growing trend of non-invasive diagnostics is propelling the market demand for MRI. Advances in the technology such as flexible coils, lighter weight and multi-channel systems, enormously increased the patient comfort and technical ease of use and market penetration of this technique is therefore become more and more feasible. Moreover, health care service providers are increasingly spending on diagnostic centres that would also propel the market statistics over developed and developing regions.

Rising progress in the field of health infrastructure and diagnostic centres in emerging economies with the help of government initiatives and private sector funding are accelerating access to the advanced medical tools, which is a growth factor for the MRI coil market. Moreover, AI & ML embedded in MR systems is providing enhanced diagnostic accuracy that results in better patient care. Advances in the design of coils, the magnets that generate the high frequency fields – including wide-bore systems and patient-friendly solutions, are also driving down scanning times and increasing throughput, which makes the technology more cost-effective. But, it will face many hurdles such as extensive initial capital cost, cost of maintenance and cost stress in smaller centres. Despite the above-mentioned restraints, MRI coil market will continue to move on an upward trajectory on account of growing emphasis on early diagnosis of the disease, positive reimbursement outlook and accelerated adoption of new imaging technologies during the forecast years.

COVID-19 IMPACT

Magnetic Resonance Imaging Coil Industry Had a Negative Effect Due to supply chain disruption during COVID-19 Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic rapidly disrupted the MRI coil market, as elective imaging was delayed, diagnostic centers temporarily closed and hospital resources were redirected to the pandemic. During the initial period of the crisis, procedure volumes plummeted, leading to an immediate suppression of demand for coils, and postponement of planned upgrades. Supply-chain problems, such as parts shortages and factory closures, and logistical bottlenecks, also contributed to the challenges the manufacturers faced in filling orders. At the same time, the pandemic has accelerated specific structural changes as hospitals preferred faster, higher-throughput scanners and coils that reduce scan time and the chance of catching a disease from them, among your rapid- and multi-channel acquisition coils. A greater emphasis on remote diagnostics and AI assisted reading underscored the importance of coils that provide higher SNR for advanced algorithms. As clinical volumes restarted, accumulated backlog of postponed imaging created new demand and contributed to scanner upgrade to release their queue. The COVID-19 impact was primarily an initial drop-off and selective recovery, as well as a repositioning towards the fast and flexible coil technologies enabling robust imaging workflows.

LATEST TRENDS

Rising Demand for Advanced Imaging Precision to Drive Market Growth

One of the significant trends in the market for MRI coil is the increasing utilization of multi-channel and high channel coils for better quality image and high accuracy in diagnosis. We are seeing clinicians buy better signal-to-noise coils to more finely detail anatomy like the brain, heart and musculoskeletal anatomy. This trend is associated with increased demand for early disease screening and increasing incidence of chronic conditions. A second recent development is the use of flexible, lightweight coil designs that enhance patient comfort and do not compromise imaging efficiency. Such ergonomic solutions are of paramount importance for paediatric and geriatric populations since patient compliance during scans may not be ideal. What’s more, as coils featuring AI-ready capabilities are integrated, scan protocols can be fully optimized and imaging time can be streamlined. Taken together, these new advancements underscore a market trend in precision imaging, patient focus, and digitalization in MRI diagnostics.

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MAGNETIC RESONANCE IMAGING COIL MARKET SEGMENTATION

By Type

Based on type, the global market can be categorized into radiofrequency coil and gradient coil

• Radiofrequency Coil: Radiofrequency coils are very efficient as they are extensively used in magnetic resonance imaging for transmission and receiving applications as producing high quality images depends on it at a higher extent. Due to their signal-to-noise ratio enhancement capabilities, they are indispensable for detailed diagnostics in specific medical areas. There is a demand in the market of these coils due to the development of imaging technology and the need of early detection of diseases.

• Gradient Coil: The gradient coils are important accessories that are used to create controlled magnetic field gradients, which are used to localize the MRI signal. They are particularly important in achieving high-resolution, high-speed imaging from various clinical applications. Adoption of gradient coils is also on the rise, owing to the high demand for sophisticated imaging in neurology and cardiology.

By Application

Based on application, the global market can be categorized into neurology, cardiovascular, spine and musculoskeletal and others

• Neurology: MRI coils are widely used in neurology for the investigation of brain tumors, stroke, multiple sclerosis, and other neurological diseases. Sharper images for clearer diagnosis and determination of treatment. The increasing incidence of neurological disorders all over the globe is driving the demand for this segment.

• Cardiovascular: This discipline of medicine utilizes MRI coils extensively for obtaining high-resolution images of the heart as well as the blood vessels. They are critical for diagnosing diseases like CAD and CMs. Increasing prevalence of cardiac disorders globally provides impetus to the growth of this segment.

• Spine and Musculoskeletal: MRI coils have been designed for spine and musculoskeletal imaging for indicating spinal cord injury, joint disorder, degenerative diseases. High resolution imaging facilitates better planning of orthopedic and spinal surgeries. 46i 21HcoK Growing instances of sports injuries and ageing populations are driving demands in this segment.

• Others: Other applications of diagnostic body MRI are used see in abdominal, pelvis imaging and whole-body imaging where MRI coils allow for a full review. They are applied in such areas of specialization as oncology, gastroenterology, and others offering accurate diagnostic information. The increasing use of MRI in various medical fields widens the horizon of application for this segment.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

Rising Prevalence of Chronic Diseases to Boost the Market

The rising prevalence of chronic diseases such as cancer, cardiovascular and neurological diseases is remarkably driving the magnetic resonance imaging coil market growth. MRI coils enable more accurate imaging and detection of intricate pathologies earlier in the process to facilitate treatment planning. The expanding number of elderly people is another factor that will spur the need for advanced diagnostic technology, as the elderly have a higher risk of chronic disease. Furthermore, health-services are spending vast resources upon the development of sophisticated imaging modalities in order to deal with the increasing number of patients, efficiently. This growing need for better diagnosis, along with technological advancements in coil technology such as multi-channel and high-field coils, is driving the market aggressively. In the era of precision medicine, there is a growing need for MRI coils which provide crisp, detailed images required for targeted therapeutic interventions. In general, the increasing incidence of chronic diseases together with improvement in the imaging technology are the major drivers fueling the continuous growth of the market.

Technological Advancements in MRI Coils to Expand the Market

Accelerated advancements of the MRI coil technology significantly contribute toward the expansion of the market for magnetic resonance imaging coil. This has prompted manufacturers to research light weight, flex design OEM coils with high channel count to provide a more comfortable fit for patients and improve image quality. High-level techniques such as phased-array and multi-channel coils contribute not only speed scanning and low-noise imaging, but also high-definition images to help making differential diagnoses in intricate examination. The quality of the MRI output in applications as neurology, cardiology, oncology, and musculoskeletal studies is also improved by these developments. Moreover, the R&D collaboration between medical device companies and medical practitioners is fostering the development of new coils based on part of the body or particular disease state. AI and machine learning are being integrated with MRI imaging workflow to improve procedural efficiency and accuracy, and as a result adoption is increasing. With increasing demand for more sophisticated and fast imaging solutions from the medical fraternity. Innovation in the MRI Technology Coil is a constant in the market and growth may remain attractive.

Restraining Factor

High Cost of MRI Equipment and Coils to Potentially Impede Market Growth

High cost of MRI systems and advanced coil technologies is one of the key factors limiting the growth of magnetic resonance imaging coil market. The high installation cost and costly specialized coils are financially demanding to smaller hospitals and diagnostic centers, especially to those in developing areas. In addition, they have to incur the maintenance and replacement costs for these coils that account for that additional expenses they hesitate in upgrading to more sophisticated models. Constrained healthcare spending and price-sensitive markets remain another obstacle to broad diffusion, as institutions put cost ahead of innovation. This cost barrier in turn limits patient's access to good quality of diagnostic imaging in developing countries and delays the growth of the market. Although modern technologies are still being adapted in developed areas of the worlds from larger hospital institutions, cost has and still remains an important limitation for getting wide spread introduction of MRI coil systems throughout the world.

Expanding Role of MRI Coils in Personalized and Preventive Healthcare to Create Opportunity for the Product in the Market

Opportunity

The MRI coil market offers a big opportunity as there is increasing emphasis on personalized and preventative healthcare. With the adoption of patient-specific diagnostic solutions on the rise, advanced MRI coils are being designed that are capable of providing higher image resolution, faster scanning, and more patient-specific applications either in neurology, cardiovascular or musculoskeletal imaging. Increasing awareness of the early detection of diseases and the use of minimally invasive diagnostics further boost the adoption, especially in advanced healthcare systems.

Furthermore, the healthcare infrastructure is growing in the emerging markets at a rapid pace which is giving an opportunity for the coil suppliers to gain a foothold in such markets by offering competitive and cost-effective products. The combination of artificial intelligence and MRI imaging will also allow smart coil technologies, that allow customized imaging protocols, with the extraction of added value for clinical objectives. With precision medicine being the future of healthcare, the use of advanced coils will be very important and therefore should be a high growth potential and high level of innovation and emergence.

High Costs and Technical Complexity in MRI Coil Development Could Be a Potential Challenge for Consumers

Challenge

A big obstacle in the MRI coil market is that developing and maintaining coils is expensive and technically difficult. Creating coils that can reproduce high quality images and be comfortable for patients to use is challenging as it involves extremely complex engineering, costly materials, and heavy R&D spending. These two aspects make MR coils expensive for hospitals and diagnostic centers, especially in developing countries where budget restriction is enforced. Furthermore, the complexity of the technical design for integration of these coils to present MRI systems results in incompatibilities and necessitates an experienced operator and service personnel.

The rapid developments in imaging systems themselves further make it difficult for hospitals to stay up-to-date without spending significantly. Furthermore, patient motion during imaging and poor coil position may affect image quality, leading to lower diagnostic accuracy even on the most sophisticated machines. Together, these factors impede the general use of new technological innovations and present major obstacles in the way of having universal access to high-quality MRI coil technology throughout the world.

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MAGNETIC RESONANCE IMAGING COIL MARKET REGIONAL INSIGHTS

• North America

In North America, the magnetic resonance imaging coil market is experiencing strong growth, driven by the United States magnetic resonance imaging coil market. Advanced healthcare infrastructure, high adoption of cutting-edge diagnostic technologies, and strong reimbursement policies are key factors supporting expansion. The region also benefits from the presence of major market players and continuous innovation in MRI systems, further fueling demand for high-quality coils. Increasing prevalence of neurological disorders, cardiovascular diseases, and musculoskeletal conditions has created a growing need for precise imaging solutions. Additionally, government initiatives promoting early disease detection and preventive care strengthen the market outlook.

• Europe

In Europe, the magnetic resonance imaging coil market share is supported by advanced medical research and healthcare modernization across countries like Germany, the UK, and France. Strong investments in diagnostic imaging centers and the availability of specialized healthcare services are key drivers. The rising geriatric population and the growing incidence of chronic conditions also fuel demand for MRI procedures. European healthcare systems are placing greater emphasis on cost-efficient solutions, encouraging the use of high-performance coils that optimize imaging efficiency. Collaborations between research institutions and medical device manufacturers are also fostering innovation.

• Asia

In Asia, the magnetic resonance imaging coil market share is expanding rapidly due to rising healthcare investments and infrastructure development in countries such as China, India, and Japan. Increasing demand for affordable diagnostic imaging services and a growing middle-class population are boosting market penetration. Governments are prioritizing advanced healthcare technologies as part of modernization efforts, creating opportunities for MRI coil adoption. Furthermore, the rising prevalence of lifestyle-related diseases such as diabetes, cardiovascular disorders, and neurological conditions is increasing the need for advanced imaging. With ongoing partnerships between global manufacturers and regional healthcare providers, Asia is emerging as a high-potential growth hub.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

Key industry players in the magnetic resonance imaging coil market are actively focusing on innovation, collaborations, and strategic investments to strengthen their market position. They are developing advanced coil technologies that enhance image quality, reduce scan times, and improve patient comfort. Many companies are integrating artificial intelligence and smart imaging features into coils to support precision diagnostics. Partnerships with hospitals, research institutes, and technology firms are helping accelerate product development and expand clinical applications. Additionally, players are targeting emerging markets with cost-effective coil solutions, while also investing in training and support services to improve adoption. Sustainability efforts, such as eco-friendly manufacturing and energy-efficient designs, are also gaining attention. Through these combined strategies, companies are addressing both advanced healthcare demands in developed regions and accessibility challenges in developing ones, ensuring broader adoption and long-term market growth.

List Of Top Magnetic Resonance Imaging Coil Companies

• ESAOTE SPA (Italy)
• GE Healthcare (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• Siemens Healthcare Private Limited (Germany)
• MR Instruments, Inc. (U.S.)
• RAPID MR International, LLC (U.S.)
• Aurora Imaging (U.S.)
• HITACHI Medical Systems Europe (Japan)
• IMRIS (Canada)
• Medspira (U.S.)
• Monteris Medical (U.S.)
• Noras MRI (Germany)

KEY INDUSTRY DEVELOPMENT

May 2023: GE Healthcare (United States) announced the launch of its SIGNA PET/MR AIR system, which integrates advanced MRI coil technology with PET imaging to provide higher resolution and faster diagnostic capabilities. This development enhances clinical precision in neurology, oncology, and cardiology, while improving patient comfort through lightweight AIR coils. The innovation reflects GE Healthcare’s commitment to advancing hybrid imaging and strengthening its position in the global magnetic resonance imaging coil market.

REPORT COVERAGE

The report on the magnetic resonance imaging coil market provides a comprehensive analysis of key trends, growth drivers, restraints, opportunities, and challenges influencing market dynamics. It examines various coil types such as radiofrequency coils and gradient coils, along with their applications in neurology, cardiovascular, musculoskeletal, and other medical fields. The study also evaluates the competitive landscape, highlighting the strategies of leading players, technological advancements, and major industrial developments shaping the market outlook.

Furthermore, the report offers detailed regional insights, covering North America, Europe, and Asia, to assess market performance across different geographies. It provides segmental analysis based on type and application, enabling stakeholders to identify high-growth areas and investment opportunities. In addition, the coverage includes company efforts, recent innovations, and collaborations driving market competitiveness. This in-depth approach ensures a holistic understanding of the market, supporting stakeholders in making informed strategic decisions for long-term growth and sustainability.