MRI Coils Market Size, Share and Trends 2025 to 2034

MRI Coils Market Size and Forecast 2025 to 2034

The global MRI coils market size was calculated at USD 9.58 billion in 2024 and is predicted to reach around USD 22.08 billion by 2034, expanding at a CAGR of 8.71% from 2025 to 2034. Rising demand for diagnostic imaging procedures is the key factor driving market growth. Also, the increasing incidence of chronic disease coupled with technological advancements in imaging techniques can fuel market growth further.

MRI Coils Market Key Takeaways

• North America dominated the global MRI coils market with the largest share of 34% in 2024.
• Asia Pacific is expected to grow at the fastest CAGR of 9.04% over the studied period.
• By coil type, the radiofrequency coil segment has held a major market share of 61% in 2024.
• By coil type, the gradient coil segment is expected to grow at the fastest rate over the forecast period.
• By application, the neurology segment contributed the highest market share of 24% in 2024.
• By end use, the hospital segment dominated the market by holding the largest share in 2024.
• By end use, the ambulatory care centers segment is anticipated to grow at the fastest rate during the projected period.

The Role of Artificial Intelligence (AI) in MRI Technology

Artificial Intelligence algorithms, especially deep learning (DL) and machine learning (ML), are revolutionizing the MRI coils market by automating and improving various processes. Algorithms can process large amounts of data more rapidly, offering key insights that seemed unattainable before. Furthermore, AI improves image acquisition, enhancing the speed and quality of Magnetic Resonance Imaging scans. AI-driven algorithms can also identify and distinguish tumors with greater accuracy.

• In May 2024, United Imaging Healthcare installed its innovative AI-driven MR 670 MRI system at the AntÄ—ja Clinic in KlaipÄ—da. The innovative diagnostic equipment installed in the clinic is the uMR 670, a state-of-the-art 1.5 T wide gantry scanner that provides efficient, reliable, and comfortable MRI examinations.

U.S. MRI Coils Market Size and Growth 2025 to 2034

The U.S. MRI coils market size was exhibited at USD 2.44 billion in 2024 and is projected to be worth around USD 5.75 billion by 2034, growing at a CAGR of 8.95% from 2025 to 2034.

North America dominated the global MRI coils market in 2024. The dominance of the segment can be attributed to the technological innovations in the MRI sector, which have facilitated the adoption of more rapid and powerful machines that create high-resolution images. Furthermore, in North America, the U.S. led the market owing to the increasing incidence of chronic diseases, which has led to the rising need for imaging services. Also, healthcare infrastructure in the U.S. is heavily investing in innovative imaging technologies that positively impact market growth.

• In March 2023, GE Healthcare announced the FDA clearance of its SIGNA Hero MRI system, which features AI-powered technologies to enhance image quality and reduce scan times.

Asia Pacific is expected to grow at the fastest rate in the MRI coils market over the studied period. The growth of the region can be credited to the increasing awareness regarding cardiovascular and cancer diseases which has optimized the adoption of imaging studies. Moreover, in Asia Pacific, China dominated the market due to ongoing developments in the clinical framework of emerging countries such as China and India. The region also boasts an extensive number of major market players.

Market Overview

Magnetic resonance imaging (MRI) is an imaging technique that utilizes radio waves, magnetic fields, and a computer to generate keen and detailed images of the living body. It enables doctors to look at cartilage, joints, tendons, and muscles. It can also help them to detect sports injuries. MRI can diagnose diseases like tumors, strokes, and spinal cord injuries. The current trend in the MRI coils market includes lightweight MRI coils for enhanced mobility and patient comfort. Many types of MRI coils function together, such as shim coils, gradient coils, and radiofrequency (RF) coils.

MRI Coils Market Growth Factors

• Governments are heavily investing in healthcare infrastructure to enhance access, which can boost the MRI coils market growth soon.
• The increasing demand for specialized coils for specific anatomical regions can propel market growth shortly.
• Personalization and customization of coils to fulfill specific clinical demands will likely contribute to the market expansion further.

Market Scope

Market Dynamics

Drivers

Increasing incidence of spinal injuries

The growing incidence of spinal injuries has contributed to the medical industry's concerns. Hence, medical professionals and doctors are focusing on the requirement for diagnostic facility enhancements. Sports persons are particularly prone to spinal injuries and associated disorders. In addition, there has been a surge in road traffic accidents recently due to growing population densities in smaller areas, leading to more injuries.

• In November 2023, Royal Philips, a global leader in health technology, launched three new fit-for-purpose MR Smart Fit coils at #RSNA23. RF coils are an essential part of every MRI scan. The new ultra-lightweight coils provide exceptional flexibility, a significant reduction in patient setup time, and optimization with Philips' SmartSpeed AI solution.

Restraint

Side effects

The high cost of MRI coils and tonometer devices, along with the low adoption rate in developing and underdeveloped economies, are the key factors hindering the MRI coils market growth. Moreover, the side effects related to MRI diagnoses, such as nausea, headache, and pain at the site of the injection, can lessen its utilization for diagnostic purposes. The long-term side effects associated with MRI include kidney injury and fatal brain damage.

Opportunity

The large availability of custom MRI coils

In the medical industry, custom MRI coils play a significant role in improving diagnostic precision via enhanced image quality. Hence, MRI coils market players are focusing on the production of personalized MRI coils using innovative technologies like 3D printing and computer-aided design (CAD) to cater to patient needs. Furthermore, researchers are focusing more on medical trials on custom RF coils to make advancements in healthcare research.

• In August 2023, Siemens Healthineers announced the Food and Drug Administration (FDA) clearance of the MAGNETOM Viato. Mobile, a new 1.5 Tesla (1.5T) magnetic resonance (MR) imaging scanner optimized for mobile use to provide greater flexibility in deploying MR imaging. Designed to be installed in a trailer for easy transportation to offsite locations.

Coil Type Insights

The radiofrequency coil segment dominated the global MRI coil market in 2024. The dominance of the segment can be attributed to the increasing requirement for high-resolution and precise images in healthcare settings. These coils are also being utilized to send and receive signals during MRI scans, which is a key element of the imaging process. In addition, these coils possess better signal-to-noise ratios (SNRs), which in turn results in rapid scan times and greater image quality.

• In March 2024, Fujifilm India launched its latest Echelon Synergy MRI Machine at its Computed Tomography & MRI User organized by the company. The platform is an industry meeting exploring the future of computed tomography (CT) and magnetic resonance imaging (MRI) technologies. The machine has a 70 cm wide bore and 62 cm wide table along with the addition of Blanket RF Technology.

The gradient coil segment is expected to grow at the fastest rate over the forecast period. The increase in this segment can be attributed to the growing significance of these coils in physiological techniques such as diffusion, angiography, and perfusion imaging. Additionally, gradient coils encode spatial information in MRI signals, which are important for generating high-quality images. These coils also predictably modulate the magnetic field.

Application Insights

The neurology segment led the MRI coils market in 2024 and will expand further over the forecast period. The dominance and growth of the segment can be linked to the ongoing innovations in imaging technology like CT and MRI scans. Which enables more accurate and reliable diagnoses of neurological disorders such as stroke, brain tumors, epilepsy, and other conditions. Moreover, the surging conditions, including Parkinson's and Alzheimer's among the elderly population.

• In March 2024, Philips and Synthetic MR embarked on a collaboration to enhance the diagnosis of neurological disorders using advanced quantitative brain imaging tools. This partnership aims to revolutionize the detection and analysis of conditions such as multiple sclerosis, traumatic brain injuries, and dementia.

End Use Insights

• In 2024, the hospital segment dominated the MRI coils market by holding the largest share. The dominance of the segment can be driven by the extensive availability of hospitals for pre-care along with favorable reimbursement policies in many emerging economies. Furthermore, increasing government and company investments in MRI coils and MRI systems are propelling the growth of the segment during the forecast period.

The ambulatory care centers segment is anticipated to grow at the fastest rate during the projected period. The growth of the segment is due to the surge in the number of individuals requiring diagnostics and a growing inclination towards same-day surgery. Additionally, ambulatory care centers can offer more comfort and privacy as they allow to choose their preferred provider and setting, reducing overall cost and wait times.

MRI Coils Market Companies

• GE HEALTHCARE
• KONINKLIJKE PHILIPS N.V.
• SIEMENS HEALTHINESS AG
• CANON MEDICAL SYSTEMS CORPORATION
• ESAOTE SPA
• MR INSTRUMENTS, INC.
• RAPID MR INTERNATIONAL, LLC.
• SCANMED, LLC.
• BRUKER

Latest Announcement by Market Leaders

• In January 2025, Sutter Health and GE HealthCare announced a seven-year strategic enterprise partnership, known as a Care Alliance, that aims to increase access to innovative imaging services and create a more seamless and coordinated experience for clinicians and patients across the Sutter Health system. The long-term collaboration will increase access to essential diagnostic care across California.
• In May 2024, Siemens Healthineers announced a new facility in North Oxfordshire that will design and manufacture superconducting magnets used in healthcare facilities globally for MRI patient scans. With an investment of £250 million (USD 314 million), the site will be home to novel technology that minimizes the use of helium, making scanners lighter, easier to install, and more sustainable.

Recent Developments

• In September 2023, Siemens Healthineers received an FDA grant for the Magnetom Viato. Mobile, which enabled the high-end imaging technology, with expanded access to care and diversifying its MRI portfolio. The FDA approval for the Magnetom Viato.Mobile was a strategic step towards broadening the company's MRI portfolio, including the integrated MRI coils, and reinforcing its product sales.
• In October 2023, Esaote launched S-scan Open; this innovative MRI system redefines excellence in magnetic resonance imaging, combining Italian technology with customer-driven design. The S-scan Open ensures uncompromised diagnostic quality, ease of use, and patient comfort.

Segments Covered in the Report

By Coil Type

• Radiofrequency coil
• Gradient Coil

By Application

• Neurology
• Cardiovascular
• Spine and musculoskeletal
• Pediatric
• Breast
• Abdominal
• Other applications

By End-Use

• Hospitals
• Diagnostic imaging centers
• Ambulatory surgical centers
• Other

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa