Magnetic Resonance Imaging Coils Market Size, Share & Trends Analysis Report By Type (Radiofrequency Coil, Gradient Coil), By Application (Neurology, Spine And Musculoskeletal), By End Use (Hospitals), By Region And Segment Forecasts, 2025 - 2030

Magnetic Resonance Imaging Coils Market Summary

For instance, according to the International Agency for Research on Cancer (IARC), the global cancer burden is expected to increase to 50,550,287 by 2025 from 19,292,789 in 2020. This is expected to boost the demand for magnetic resonance imaging (MRI) machines for enhanced diagnosis, and thus, is expected to drive the MRI coils market. The global magnetic resonance imaging (MRI) coils market is driven by the rising demand for MRI procedures across diagnostic and research applications. The increasing prevalence of chronic conditions such as cancer, neurological disorders, and cardiovascular diseases has significantly increased the need for advanced imaging modalities such as MRI, which offers superior soft tissue contrast and functional imaging capabilities. According to the Centers for Disease Control and Prevention (CDC), cardiovascular disease remains the leading health threat in the U.S., with the condition claiming a life every 33 seconds and accounting for roughly one in every five deaths.

As MRI scans become a routine part of diagnostic workflows, healthcare providers are expanding MRI services to meet patient needs, and this expansion directly fuels the demand for MRI coils, which are essential components in the imaging chain. Furthermore, the growing geriatric population, which is more prone to age-related diseases requiring MRI evaluation, is further contributing to the procedural volumes. For instance, according to the World Health Organization (WHO), the global geriatric population aged 60 years and above is expected to increase from around 1.1 billion in 2023 to around 1.4 billion in 2030.

Moreover, the partnerships and collaborations between the market players to develop application and device-specific products are further enhancing the degree of innovation in the market. For instance, in January 2024, InkSpace Imaging received FDA clearance for its innovative small body array MRI coil designed specifically for Siemens Healthineers' Vida series 3T & Magnetom Skyra scanners. This next-generation coil is engineered to be lightweight, flexible, and huggable, wrapping around patients like a blanket, which enhances patient comfort while significantly improving the signal-to-noise ratio for clearer imaging.

Similarly, in January 2025, Pleasanton-based InkSpace Imaging secured FDA clearance for its innovative 1.5‑tesla 24‑channel MRI coil designed for Siemens Healthineers' Magnetom scanners. Incorporating high‑density coil elements, a lightweight, flexible design, and advanced parallel imaging compatibility, the coil enhances signal‑to‑noise ratio, improves patient comfort, and accelerates scan times. Such initiatives increase the adoption of technologically advanced products in the market, encouraging innovation and market growth.

Additionally, the increasing initiatives by imaging service providers and healthcare facilities to expand their MRI services increases the demand for MRI coils. For instance, in October 2024, Princeton Radiology announced an expansion into Newtown, Pennsylvania with a state-of-the-art imaging center. Furthermore, the global push toward strengthening rural healthcare infrastructure and public-private partnerships in healthcare delivery has extended MRI access beyond metropolitan regions, further driving the growth of MRI coil market.

Global MRI Scanner Availability: Country Rankings by Units per Million Population

Source: World's Economic Atlas 

Market Concentration & Characteristics

The MRI coils industry is moderately concentrated, with a few dominant players such as Siemens Healthineers, GE Healthcare, and Philips holding significant market share due to their strong technological capabilities and global reach. The market is characterized by high entry barriers, given the need for advanced R&D, regulatory approvals, and integration with MRI systems. Innovation, particularly in flexible, lightweight, and high-channel coils, is a key competitive factor. Customization for specific anatomical applications and compatibility with new MRI systems also drive differentiation. Partnerships with imaging centers and hospitals further strengthen market positioning and enhance adoption of advanced coil technologies.

The MRI coils industry is marked by strong innovation, fueled by rapid technological progress and increasing demand for patient-centric designs. In January 2024, INM-4 researchers unveiled a groundbreaking single-channel butterfly coil using circular polarised (CP) mode instead of the traditional linear polarised (LP) mode. Leveraging split resonance peak tuning, the CP coil achieved enhanced signal-to-noise ratio (SNR) in phased array setups, representing a major advancement in high-resolution MRI imaging.

Regulations significantly shape the MRI coils industry by ensuring safety, performance, and compliance with international standards. Regulatory bodies such as the U.S. FDA and the European Medicines Agency (EMA) oversee the approval process for MRI components, requiring extensive testing and validation. Manufacturers must meet stringent quality and safety benchmarks, including electromagnetic compatibility and biocompatibility. These regulations often extend product development timelines but are essential for protecting patient health and ensuring device reliability. Additionally, evolving standards and region-specific requirements can pose challenges for global market entry, making regulatory navigation a critical factor in the strategic planning of MRI coil manufacturers.

Mergers and acquisitions in the MRI coils industry are shaping market dynamics, with notable activity such as DirectMed Parts & Service acquiring ScanMed, LLC in October 2022. This strategic move combines DirectMed’s global parts distribution network with ScanMed’s expertise in MRI coil design and repair. The partnership aims to strengthen coil repair and supply capabilities, particularly across Europe, through DirectMed’s Danish unit, LBN Medical. Despite the acquisition, ScanMed continues operations under its existing brand from Omaha, Nebraska. This consolidation reflects an industry trend toward expanding service offerings and geographic reach to meet growing global demand for advanced MRI coil solutions. To reinforce this viewpoint, the CEO of ScanMed stated,

“Combining DirectMed’s leading parts inventory, financial resources, and global distribution with ScanMed’s MRI coil products and repair services produces ‘wins all around’ for our companies and clients. Our strategic plan included building ScanMed’s MRI coil distribution and repair footprint in Europe. With DirectMed’s Danish subsidiary LBN Medical ApS, that vision will now come true, thus bringing the best of the U.S. to Europe.”

In the MRI coils industry, substitute products are limited due to the specialized role coils play in magnetic resonance imaging. However, alternative imaging technologies like CT scans, ultrasound, and PET scans may serve as indirect substitutes in certain diagnostic applications. These modalities are often chosen for their cost-effectiveness, speed, or accessibility, especially in regions with limited MRI infrastructure. Nevertheless, none can fully replicate the detailed soft tissue imaging capabilities of MRI. Technological advancements in portable imaging devices and hybrid modalities are emerging, but MRI coils remain critical for achieving high-resolution, localized imaging in clinical and research settings.

Regional expansion in the MRI coils market entails efforts targeted by companies to enter new geographic territories outside their core markets. This growth is fueled by emerging economies rapidly advancing their healthcare infrastructure and facing rising rates of chronic illnesses. In April 2022, Koninklijke Philips N.V. began producing radio frequency (RF) coils for MRI systems in India. This move followed a ₹400 crore (approximately $48 million) investment under India’s Production-Linked Incentive (PLI) scheme, aimed at boosting domestic medical manufacturing. The initiative supports Philips' strategy to strengthen its regional presence and meet growing local demand for MRI technologies.

Type Insights

The radiofrequency coil segment led the market with a 61.2% revenue share in 2024, fueled by continuous advancements in RF coil technology. These coils are vital for transmitting and receiving MRI signals, with innovations improving design and performance, leading to superior image quality and broader clinical use. A December 2024 study in Magnetic Resonance in Medicine highlighted a custom-designed RF head coil for 7T MRI developed by the Living Laboratory. Featuring parallel RF transmission (pTx) and multishot diffusion-weighted imaging (DWI), the coil effectively addresses challenges such as signal unevenness and image distortion.

The gradient coil segment is projected to grow steadily during the forecast period, supported by ongoing technological advancements. A major development occurred in November 2024, when GE HealthCare secured FDA clearance for its SIGNA MAGNUS 3.0T head-only MRI system. This system features an asymmetric, high-efficiency gradient coil that repositions the gradient isocenter closer to the patient’s head, improving neuroimaging capabilities while avoiding shoulder limitations. Its HyperG gradient coil delivers a powerful 300 mT/m gradient amplitude and a 750 T/m/s slew rate, establishing new standards for gradient performance in advanced imaging applications.

Application Insights

The neurology segment led the MRI coils market with a 22.7% revenue share in 2024, driven by innovations in head coil technology. A key example is the February 2025 collaboration between Tesla Dynamic Coils BV and Alzamend Neuro, which resulted in a specialized head coil designed for five upcoming Phase II trials at Massachusetts General Hospital. This new coil enables high-resolution, whole-brain lithium imaging, supporting safer, more effective treatment strategies for conditions like Alzheimer’s disease, bipolar disorder, major depressive disorder, and PTSD. The advancement highlights the growing role of advanced MRI coils in neurological research and precision diagnostics.

The spine and musculoskeletal segment is projected to expand to a CAGR of 9.1% during the forecast period. Key growth drivers include increasing sports participation, a surge in trauma cases from accidents and falls, and an aging global population. As of April 2024, the WHO reports that over 15 million people worldwide live with spinal cord injuries (SCI), with most cases stemming from preventable trauma. This growing incidence intensifies the need for advanced MRI systems, especially those utilizing specialized coils that deliver precise spinal and musculoskeletal diagnostic imaging.

End Use Insights

The hospitals segment accounted for the largest revenue share in 2024, fueled by growing demand for both surgical and preventive healthcare services. A notable development occurred in March 2024 when Montgomery County Memorial Hospital + Clinics (MCMH + Clinics) unveiled its newly installed in-house MRI system. This upgrade significantly boosts diagnostic capabilities in rural areas, reducing the need for patients to seek imaging services outside their county.

The diagnostic imaging centers segment is anticipated to grow at a CAGR of 8.8% over the forecast period, driven by the increasing demand for outpatient imaging services and cost-effective diagnostics. These centers offer quicker appointment scheduling, shorter scan times, and reduced costs compared to hospital-based imaging, making them a preferred choice for patients and physicians. The growing focus on early disease detection and the rising prevalence of chronic conditions such as cancer, cardiovascular disorders, and neurological diseases further support the expansion of this segment. Advancements in MRI coil technologies are also enhancing imaging quality and efficiency in these facilities.

Regional Insights

The North American magnetic resonance imaging (MRI) coils market dominated the global market and accounted for a 41.9% revenue share in 2024. The growth is largely driven by the rising use of MRI technology in primary care, enhanced healthcare accessibility, and substantial healthcare expenditures in countries with robust reimbursement frameworks. Ongoing technological advancements and the increasing prevalence of chronic diseases are expected to accelerate market expansion. At the RSNA conference in November 2023, Royal Philips unveiled three MR Smart Fit coils. These lightweight, flexible coils are engineered to streamline patient setup and deliver superior image quality. Integrated with Philips’ SmartSpeed AI technology, the coils are designed to boost diagnostic accuracy and radiology efficiency, reflecting the industry’s commitment to patient-centric innovation.

U.S. Magnetic Resonance Imaging Coils Market Trends

The magnetic resonance imaging (MRI) coils market in the U.S. held a significant share of North America's magnetic resonance imaging coils market in 2024. This dominance is largely attributed to the country’s high incidence of diabetes and prediabetes, impacting roughly 136 million adults as of November 2023, per CDC data. Regulatory advancements further supported market growth, including the FDA’s expanded 510(k) clearance in November 2024 for the Xenoview 3T MRI Chest Coil. Designed for use with GE HealthCare's MRI systems and hyperpolarized Xenon-129, the coil enables detailed lung ventilation imaging. This innovation enhances diagnostic capabilities for pulmonary conditions, reflecting the growing adoption of specialized coils in clinical practice.

Europe Magnetic Resonance Imaging Coils Market Trends

The European magnetic resonance imaging (MRI) coils market is experiencing robust growth, fueled by technological advancements and rising healthcare demands. As of January 2024, the EU population stood at 449.3 million, with 21.6% aged 65 or older, according to Eurostat. By 2050, the elderly population is expected to grow to 129.8 million. This demographic is more susceptible to chronic diseases like cardiovascular issues, cancer, and diabetes, increasing the need for advanced imaging solutions. The EU4Health program (2021-2027), with a budget of USD 5.3 billion, aims to enhance healthcare systems, further boosting the imaging market. In 2022, Germany, France, and Austria led EU nations in healthcare spending as a share of GDP.

The magnetic resonance imaging (MRI) coils market in the UK is showing strong growth, largely driven by the increasing incidence of neurological disorders, particularly dementia. According to the Alzheimer’s Society, around 982,000 people in the UK currently live with dementia, with over a third remaining undiagnosed. This figure is projected to rise to 1.4 million by 2040. The economic impact is also expected to surge, with costs rising from £42 billion in 2024 to £90 billion by 2040 (USD 52.5-112.5 billion). These factors intensify the need for advanced MRI technologies that support earlier and more accurate neurological diagnoses.

France magnetic resonance imaging (MRI) coils industry is projected to grow substantially over the forecast period. This expansion is supported by the country’s well-developed healthcare infrastructure, a growing elderly population, and a rising prevalence of cardiovascular conditions. France’s high healthcare expenditure enables broader access to advanced medical technologies, boosting the adoption of cutting-edge imaging solutions like MRI coils.

The magnetic resonance imaging (MRI) coils market in Germany is growing steadily, fueled by an aging population, rising healthcare investment, and technological progress in imaging. In 2023, healthcare spending reached 11.7% of the nation’s GDP, up from 11.2%, highlighting efforts to upgrade medical systems. With nearly 20% of Western Europe’s elderly population residing in Germany, there’s a rising demand for diagnostic imaging, especially for cardiovascular diseases. The country faces about 65,000 cases of sudden cardiac death each year, emphasizing the importance of precise diagnostic tools like MRI coils to support early detection and intervention.

Asia Pacific Magnetic Resonance Imaging Coils Market Trends

The Asia Pacific magnetic resonance imaging (MRI) coils market is expanding rapidly, driven by a large patient population, rising awareness of chronic diseases, and growing demand for affordable, advanced diagnostics. Countries like India, China, and Southeast Asia are investing heavily in healthcare infrastructure and benefiting from supportive government programs that enhance MRI access. A key milestone occurred in August 2023 when AsiaMedic in Singapore installed the region's first SIGNA Hero 3.0T MRI scanner by GE HealthCare. Featuring AIR Recon DL AI technology and Light AIR Coils, it delivers a 4x boost in signal-to-noise ratio and reduces scan setup and table times significantly.

The magnetic resonance imaging (MRI) coils market in Japan is witnessing steady growth, supported by a strong healthcare system, continuous technological progress, and supportive government initiatives. As a prominent OECD member and healthcare leader in the Asia Pacific region, Japan boasts the highest global MRI availability, with 57.39 MRI units per million people, according to OECD data. This high accessibility fuels significant domestic demand for advanced imaging solutions like MRI coils, reinforcing the country's position as a major market for diagnostic imaging advancements.

China magnetic resonance imaging (MRI) coils market is projected to grow significantly during the forecast period, driven by demographic changes, a rising incidence of diseases, particularly cardiovascular conditions, and the rapid expansion of the private healthcare sector. By 2025, more than 230 million people in China will be affected by cardiovascular disease, with around 550,000 cardiac arrests annually, as reported by BioMed Central. This escalating health burden is increasing the demand for advanced diagnostic tools, especially cardiac MRI systems that require specialized coils for accurate imaging, fueling market growth.

The magnetic resonance imaging (MRI) coils market in India is advancing due to supportive developments in domestic manufacturing and research. In March 2025, AIIMS New Delhi partnered with the Society for Applied Microwave Electronics Engineering & Research (SAMEER) through a Memorandum of Understanding to collaboratively develop both high- and low-field MRI systems, including critical components like RF coils and power amplifiers.

Latin America Magnetic Resonance Imaging Coils Market Trends

The growing elderly population fuels the Latin America magnetic resonance imaging coils market. Aging increases vulnerability to numerous chronic ailments, prompting the need for magnetic resonance imaging coils as a treatment option.

Middle East & Africa Magnetic Resonance Imaging Coils Market Trends

The growth of the magnetic resonance imaging coils market in the Middle East and Africa is driven by rising chronic disease prevalence, healthcare modernization, and supportive health policies. Countries like Saudi Arabia and the UAE are at the forefront, with rapidly evolving healthcare infrastructure, growing privatization, and improved health. According to a NCBI study, the Middle East & North Africa had the highest global prevalence of diabetes is at approximately 12.2%, projected to surge by nearly 96% by 2045. This trend correlates with a rising demand for high-resolution imaging for early disease detection.

Saudi Arabia magnetic resonance imaging coils marketis anticipated to expand in the forecast period. The growing geriatric population, which is highly susceptible to chronic diseases, is one of the major factors positively influencing the market growth in this country. For instance, as per the Saudi Arabian Monetary Agency (SAMA), the proportion of the Saudi Arabian population aged 60 and above is estimated to reach 25% by the end of 2050.

Key Magnetic Resonance Imaging Coils Company Insights

The competitive scenario in the magnetic resonance imaging coils market is highly competitive, with key players such as GE Healthcare, Esaote SPA, and others holding significant positions. The major companies are undertaking various organic and inorganic strategies such as new product development, collaborations, acquisitions, mergers, and regional expansion to serve the unmet needs of their customers.

Recent Developments

• In April 2025, GE HealthCare and Cincinnati Children’s Hospital initiated a strategic research partnership to foster clinical and technological advancements in pediatric healthcare. The collaboration targets innovation across various imaging modalities, such as magnetic resonance imaging (MRI), ultrasound, molecular imaging, and computed tomography (CT).

• In November 2024, Canon Medical Systems USA launched the Vantage Galan 3T /Supreme Edition, an advanced MRI system built entirely with Canon-made components, including a real-time imaging platform and precision Japan-made magnet. The system enhances image quality, streamlines workflow, and boosts patient comfort.

• In November 2023, Koninklijke Philips N.V. announced the launch of the MR Smart Fit Coils used for shoulders, cardiac, torso, and knee imaging. These coils help speed up the MR process and improve patients' efficiency and overall experience.

Magnetic Resonance Imaging Coils Market Report Scope

Global Magnetic Resonance Imaging Coils Market Report Segmentation

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global magnetic resonance imaging coils market report based on the type, application, end use, and region:

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Radiofrequency Coil

  • Gradient Coil

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Neurology

  • Cardiovascular

  • Spine and Musculoskeletal

  • Pediatric

  • Breast

  • Abdominal

  • Others

• End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Hospitals

  • Diagnostic Imaging Centers

  • Ambulatory Care Centers

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Argentina

  • Middle East & Africa

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait