Magnetic Resonance Imaging Coils Market Growth Opportunities: Insights from 2025–2029

November 14, 2025 by The Business Research Company

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What Is The Anticipated Size Of The Magnetic Resonance Imaging Coils Market Over The Five-Year Period 2025–2029?

The magnetic resonance imaging coils market has experienced robust expansion over the past few years, projected to increase from a valuation of $12.62 billion in 2024 to $13.31 billion in the subsequent year, reflecting a compound annual growth rate (CAGR) of 5.5%; this upward trajectory during the earlier timeframe stems from several factors, including a higher incidence of long-term illnesses, an expanding elderly demographic, heightened investment in research and development activities, escalating healthcare spending, and adherence to regulatory standards.

The global market encompassing magnetic resonance imaging coils anticipates robust expansion over the upcoming years, projected to reach a valuation of $19.25 billion by the year 2029, exhibiting a compound annual growth rate of 9.7%; this upward trajectory is fueled by several key factors such as the increasing adoption of telemedicine technologies, the broader integration of hybrid imaging modalities, the proliferation of precision medicine efforts, the advancement of personalized treatment approaches, and the growing need for quicker diagnostic and therapeutic interventions.

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What Are The Key Drivers Of Growth In The Magnetic Resonance Imaging Coils Market?

The expanding occurrence of long-term health conditions is anticipated to fuel the expansion of the magnetic resonance imaging coil sector. These protracted ailments, defined as those persisting for a year or longer, necessitate sustained medical intervention and impose limitations on everyday functional activities. Major chronic illnesses like cardiovascular ailments and malignancies heavily rely on MRI for both initial identification and tracking the body’s reaction to therapeutic regimens. The MRI coil’s function involves capturing the radio frequency signal emitted from the patient and conveying this information to a computer system responsible for image creation. To illustrate this impact, data from the World Health Organization, a specialized United Nations entity headquartered in Switzerland, indicated that in September 2023, a total of 41 million fatalities occurred globally each year, with three-quarters stemming from non-communicable diseases (NCDs) or chronic conditions. Specifically, heart-related conditions accounted for 17.9 million deaths, cancer for 9.3 million, and chronic respiratory illnesses for 4.1 million. Consequently, the growing burden of these chronic illnesses will necessitate more frequent utilization of MRI devices for patient oversight, thereby projecting an escalation in the requirement for magnetic resonance imaging coils throughout the projected timeframe.

What Are The Segment Types Shaping The Magnetic Resonance Imaging Coils Market?

The magnetic resonance imaging coils market covered in this report is segmented –

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

Subsegments:

1) By Radiofrequency Coil: Head Coil, Body Coil, Extremity Coil, Surface Coil

2) By Gradient Coil: Standard Gradient Coil, High-Performance Gradient Coil, Specialized Gradient Coil

Which Market Trends Are Creating New Opportunities In The Magnetic Resonance Imaging Coils Industry?

Leading enterprises within the magnetic resonance imaging coils sector are concentrating efforts on engineering intelligent, conforming coils intended to elevate patient ease, boost image fidelity, and optimize procedural throughput through automated adaptation across diverse physical dimensions and forms. These smart fit coils represent sophisticated MRI coil technology capable of self-adjusting in contour and magnitude to conform precisely to an individual’s anatomy. With the capacity to flex beyond 90 degrees across all planes, the Smart Fit coils demonstrate remarkable versatility for conforming to numerous bodily regions, proving especially advantageous when scanning difficult sites like extended bones or individuals encased in casts. As an illustration, in the eleventh month of 2023, Koninklijke Philips N.V., a firm headquartered in the Netherlands, introduced its MR Smart Fit coils, noted for being substantially lighter than conventional counterparts, thereby augmenting both patient satisfaction and ease of manipulation for clinical personnel. Specifically, the Smart Fit 1.5T shoulder coil aims to cut down on preparatory time by approximately ten percent, enabling quicker patient readiness while they remain positioned on the scanning couch, thus expediting the complete procedure. Furthermore, these coils are specifically tuned to integrate seamlessly with Philips’ SmartSpeed AI platform, which serves to further refine image quality and overall resolution.

Who Are The Primary Competitors In The Global Magnetic Resonance Imaging Coils Market?

Major companies operating in the magnetic resonance imaging coils market include Esaote Spa, GE Healthcare Technologies Inc., Koninklijke Philips NV, Siemens Healthcare Private Limited, MR Instruments Inc., Bruker Corp., Canon Medical Systems Corporation, Hologic Inc., RAPID MR International LLC, ScanMed Technology Pty Ltd., Aurora Healthcare US Corp., Monteris Medical Corp., Fonar Corporation, Schneider Electric SE, Medtronic Inc., Signet Systems Inc., DirectMed Inc., Hitachi Medical Systems America Inc., Invivo Corporation, Medrad Inc., NeuroLogica Corp., Philips Healthcare, Shimadzu Corporation, Toshiba Medical Systems Corporation, Analogic Corporation

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How Is Magnetic Resonance Imaging Coils Market Demand Varying Across Different Regions?

North America was the largest region in the magnetic resonance imaging coils market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the magnetic resonance imaging coils market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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