The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The magnetic resonance imaging coils market has experienced substantial growth, surging from $11.89 billion in 2023 to $12.84 billion in 2024, with a commendable compound annual growth rate (CAGR) of 8.0%. The historic period’s growth is attributed to the increased prevalence of chronic diseases, an aging population, research and development initiatives, a rise in healthcare expenditure, and a focus on regulatory compliance.

Factors Driving Historic Growth:

• Increased prevalence of chronic diseases
• Aging population
• Research and development initiatives
• Rising healthcare expenditure
• Regulatory compliance

Anticipating Strong Growth Ahead
The magnetic resonance imaging coils market is set for strong growth in the upcoming years, with a forecasted size of $18.42 billion in 2028 and a robust compound annual growth rate (CAGR) of 9.4%. This growth is propelled by various factors, including the rise of telemedicine, the expansion of hybrid imaging, precision medicine initiatives, the surge in personalized medicine, and the emphasis on rapid diagnosis and treatment.

Factors Fueling Future Growth:

• Rise of telemedicine
• Expansion of hybrid imaging
• Precision medicine initiatives
• Personalized medicine
• Rapid diagnosis and treatment

Major Trends in the Forecasted Period:

• Artificial intelligence (AI)-enhanced imaging
• Wearable and continuous monitoring
• Advanced materials and manufacturing
• Personalized coil design
• Low-field MRI systems

Chronic Diseases Driving Demand
The surge in chronic diseases is a pivotal factor expected to drive the growth of the magnetic resonance imaging coil market. Chronic diseases, lasting for a year or more, demand ongoing medical attention and often restrict daily activities. MRI coils play a crucial role in diagnosing and monitoring chronic diseases such as heart disease and cancer.

Impact of Chronic Diseases:

• MRI coils crucial for monitoring disease progression and treatment response.
• World Health Organization reports 74% of global deaths attributed to non-communicable diseases (NCDs).
• MRI machines play a vital role in monitoring the 41 million annual deaths from chronic diseases globally.

Major Players in the Market:

• Esaote Spa
• GE Healthcare Technologies Inc.
• Koninklijke Philips NV
• Siemens Healthcare Private Limited
• And many more.

Technological Advancements Shaping the Future
Technological advancements stand out as a key trend in the magnetic resonance imaging market. Companies are introducing innovations such as Artificial Intelligence (AI)-enhanced coils to ensure high-resolution images. For instance, Koninklijke Philips N.V. launched AI-enabled innovations to boost MR exam speed and improve diagnostic quality.

Technological Advancements:

• AI-enhanced innovations in MR imaging to streamline workflows.
• GE Healthcare’s acquisition of BK Medical enhances surgical visualization capabilities.
• Simultaneous display of MRI and real-time ultrasound for improved diagnostics.

Comprehensive Market Segmentation
Understanding the nuances of the magnetic resonance imaging coils market involves a closer look at its segmentation.

Segmentation:

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

North America Takes the Lead
In 2023, North America emerged as the largest region in the magnetic resonance imaging coils market, showcasing its dominant position in driving market share. Looking ahead, Asia-Pacific is expected to be the fastest-growing region in the forecast period.

View More On The Magnetic Resonance Imaging Coils Market Report 2024 – https://www.thebusinessresearchcompany.com/report/magnetic-resonance-imaging-coils-global-market-report

Request A Sample Of The Global Magnetic Resonance Imaging Coils Market Report 2024:
https://www.thebusinessresearchcompany.com/sample_request?id=7200&type=smp

The Magnetic Resonance Imaging Coils Global Market Report 2024  provides comprehensive insights on the magnetic resonance imaging coils market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the magnetic resonance imaging coils market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Automotive Suspension Systems Global Market Report 2024
Air-Conditioning Equipment Global Market Report 2024
Rolling Mill And Other Metalworking Machinery Global Market Report 2024

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model