Magnetic Resonance Imaging (MRI) Coils Market Outlook:
Magnetic Resonance Imaging Coils Market size was valued at USD 10.3 billion in 2025 and is forecasted to surpass a value of USD 22.1 billion by 2035, growing at a CAGR of 8.9% during the forecast period, i.e., 2026-2035. In 2026, the industry size of magnetic resonance imaging coils is evaluated at USD 11.2 billion.
The global magnetic resonance imaging coils market is entering into a new phase of growth due to escalating global prevalence of chronic diseases that necessitate high-precision, non-invasive diagnostic imaging. According to the article published by World Metrics in February 2026, MRI utilization continues to scale up with more than 70 million procedures annually worldwide. It is most commonly used for musculoskeletal, neurological, and cancer-related conditions. The report also stated that clinical reliance is high since 85% of oncologists use MRI for cancer staging and 90% of neurologists depend on it for multiple sclerosis diagnosis, whereas cardiac MRI contributes to around 15% of imaging volume. Therefore, this combination of rising demand sustains procurement cycles for MRI subsystems, including coils, hence denoting a positive outlook for the MRI coils market’s growth in the years ahead.
MRI Utilization, Cost Structure, and Access Metrics: Global & U.S. Healthcare Insights
|
Metric |
Value |
|
MRI scans in the U.S. (2022) |
27 million |
|
U.S. hospitals without MRI machines |
15% |
|
Average 1.5T MRI scan |
USD 1,400 |
|
3.0T MRI scan premium |
25% to 30% higher than 1.5T |
|
Gadolinium contrast agent |
USD 500– to USD 1,500 per dose |
Source: World Metrics
Furthermore, the MRI coils market is seeing an accelerated rise due to the demand for high-resolution imaging in different nations. The industry is experiencing increased investments in terms of advanced MRI units, including high-field 3.0T scanners and specialized coils. According to an article published by the Organization for Economic Co-operation and Development (OECD) in November 2025, MRI utilization across OECD countries increased at a noteworthy pace. The report stated that in 2023, the combined utilization of CT, MRI, and PET exams crossed 370 exams per 1,000 population in Luxembourg, Korea, Austria, France, and Portugal. Meanwhile, the MRI exams have more than doubled between 2013 and 2023 in countries such as Korea and Latvia, and increased by around 70% in France, thereby indicating sustained growth in imaging intensity. In addition, the study observed that 76% of MRI exams align with appropriateness criteria, reflecting ongoing efforts to balance utilization with clinical necessity, hence suitable for overall MRI coils market growth.
MRI Units per Million Inhabitants by Country in 2024: Officially-Reported Estimates for Comparative Market Analysis
Source: OECD
Key Magnetic Resonance Imaging (MRI) Coils Market Insights Summary:
Regional Highlights:
- North America magnetic resonance imaging coils market is anticipated to command a 37.6% share by 2035, supported by higher MRI installation density and rising healthcare expenditure
- Asia Pacific is projected to expand at the fastest pace over 2026–2035, fueled by growing demand for cost-effective systems and increasing adoption of advanced high-field scanners
Segment Insights:
- Radio frequency coil segment in the magnetic resonance imaging coils market is projected to capture a 68.7% share by 2035, driven by its critical role in signal transmission and reception
- Neurology segment is expected to hold a considerable share during the forecast period, propelled by advancements in head coil technology and demand for high-precision neuroimaging
Key Growth Trends:
- Increasing prevalence of chronic and degenerative diseases
- Technological advancements in coil design
Major Challenges:
- Regulatory and compliance barriers
- Limited access in emerging markets
Key Players: GE HealthCare Technologies, Inc. (U.S.), Siemens Healthineers AG (Germany), Koninklijke Philips N.V. (Netherlands), Canon Medical Systems Corporation (Japan), Hitachi, Ltd. (Japan), Esaote S.p.A. (Italy), MR Instruments, Inc. (U.S.), RAPID MR International, LLC (Germany), ScanMed, LLC. (U.S.), Bruker Corporation (U.S.), Aurora Imaging Technology, Inc. (U.S.), NORAS MRI Products GmbH (Germany), Quality Electrodynamics LLC (U.S.), Invivo Corporation (U.S.), Probo Medical (U.S.), Creative Foam, Inc. (U.S.), Neusoft Medical Systems Co., Ltd. (China), Shanghai United Imaging Healthcare Co., Ltd. (China), Time Medical Systems (China), Magnetica Ltd. (Australia), Medspira (U.S.), Neuronostics Pvt. Ltd. (India).
Global Magnetic Resonance Imaging (MRI) Coils Market Forecast and Regional Outlook:
Market Size & Growth Projections:
- 2025 Market Size: USD 10.3 billion
- 2026 Market Size: USD 11.2 billion
- Projected Market Size: USD 22.1 billion by 2035
- Growth Forecasts: 8.9% CAGR (2026-2035)
Key Regional Dynamics:
- Largest Region: North America (37.6% Share by 2035)
- Fastest Growing Region: Asia Pacific
- Dominating Countries: United States, Germany, Japan, United Kingdom, Canada
- Emerging Countries: China, India, South Korea, Brazil, Mexico
Last updated on : 26 March, 2026
Magnetic Resonance Imaging (MRI) Coils Market - Growth Drivers and Challenges
Growth Drivers
- Increasing prevalence of chronic and degenerative diseases: The rise in chronic conditions such as cancer, Alzheimer’s, and cardiovascular diseases is efficiently fueling insatiable demand for diagnostic imaging techniques. The global surge in these diseases increases the number of MRI procedures, stimulating consistent growth in the MRI coils market. As per an article published by the National Institute of Health (NIH) in January 2024, chronic disease burden is on the rise, and diabetes affects over 422 million people globally. In the U.S., heart disease and cancer together caused nearly 40% of deaths in 2022. Besides, Alzheimer’s disease affected 6.7 million residents in the U.S. who were aged 65 and older in 2022, with costs projected to reach nearly USD 1 trillion by 2050, denoting a huge growth opportunity for diagnostic equipment such as MRI coils.
- Technological advancements in coil design: The global leaders are focused on innovations such as multi‑channel coils, and AI‑integrated technologies that improve image quality and reduce scan times. Also, the emergence of improved MRI systems is increasing demand for specialized coils, which are capable of handling stronger magnetic fields, thus benefiting the overall magnetic resonance imaging coils market. In May 2024, United Imaging showcased MRI innovations at ISMRM 2024, highlighting ultra‑high‑field, ultra‑high‑gradient, and AI‑based technologies. Besides, the company mentions complementary advances, which include SuperFlexFree coils for enhanced flexibility, and gradient systems pushing performance boundaries in clinical and neuroscience research, hence suitable for bolstering the market’s growth.
- Expansion of healthcare infrastructure: The large group of affected populations in both established and emerging nations is demanding a larger number of hospitals, outpatient imaging centers, and diagnostic facilities. This factor is readily expanding the opportunities for pioneers in the MRI coils market. Oceania Hospitals in January 2022 launched a new USD 4.5 million MRI facility in Fiji. The facility hosts an Altea 1.5T MRI scanner, which offers faster scan times and advanced techniques such as angiography and venography, thereby improving the diagnosis of cancer, cardiovascular, and neurological concerns. Therefore, from a strategic perspective, such expansions denote lucrative growth opportunities for MRI coil manufacturers, since the rise of imaging systems in new facilities drives demand for high-performance coils.
Challenges
- Regulatory and compliance barriers: The coils are considered to be one of the most essential medical device components for MRI equipment; therefore, they must navigate through rigorous scrutiny before they debut into the market. In this context, the aspect of achieving approval from regulatory bodies necessitates extensive testing for safety, performance, and compatibility. These regulatory pathways can be time-consuming and expensive, especially for smaller companies and new entrants. Any design modification or technological upgrade may require re-validation, ultimately causing delays to product launch in the MRI coils market. In addition, varying regulatory standards across regions also create complexities for global expansion. Hence, the existence of these regulatory challenges can hinder innovation and slow the product’s market entry.
- Limited access in emerging markets: There has been a rising demand for diagnostic imaging, but many emerging markets still face limited access to MRI technologies. Infrastructure gaps, lack of skilled professionals, and insufficient healthcare funding restrict adoption in the magnetic resonance imaging coils market. Also, the rural and underserved areas often lack MRI facilities, thereby reducing the need for advanced coil solutions. Meanwhile, in places where MRI systems exist, older or refurbished equipment may not completely support modern coil technologies. Therefore, this creates a gap between developed and developing regions in terms of imaging capabilities. Manufacturers need to balance cost and innovation to cater to these markets, but pricing pressures and logistical challenges make expansion difficult, ultimately limiting global market growth potential.
Magnetic Resonance Imaging (MRI) Coils Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2025 |
|
Forecast Year |
2026-2035 |
|
CAGR |
8.9% |
|
Base Year Market Size (2025) |
USD 10.3 billion |
|
Forecast Year Market Size (2035) |
USD 22.1 billion |
|
Regional Scope |
|
Magnetic Resonance Imaging (MRI) Coils Market Segmentation:
Coil Type Segment Analysis
The radio frequency coil under the coil type segment is forecasted to gain the largest share of 68.7% in the magnetic resonance imaging coils market over the discussed timeframe. Their prominent role in signal transmission and reception is the key factor driving the dominance of the subtype. For instance, in February 2025, Philips secured a total of USD 110 million by joining the Dutch National Growth Fund’s Polaris project to advance radio frequency technology. In addition, this particular initiative unites the radar, MRI, and telecommunications sectors with a collective goal to accelerate innovation and strengthen the Netherlands’ high‑tech ecosystem. Meanwhile, for Philips, RF breakthroughs promise faster, more accurate MRI scans, improving image quality and lowering costs for better patient diagnoses, hence denoting strong growth opportunities for the radio frequency coil segment.
Application Segment Analysis
The neurology sub-segment is anticipated to grow with a considerable share in the MRI coils market during the forecasted period. The segment’s growth is largely due to advances in head coil technology. On the other hand, enhanced resolution and faster imaging sequences are fueling heightened demand, particularly for neurological disorders where precision is critical. For instance, in November 2024, GE HealthCare received the U.S. FDA clearance for its SIGNA MAGNUS 3.0T head‑only MRI system, which is especially designed to advance neuroimaging and biomarker research. The system consists of an innovative asymmetric gradient coil, and it achieves higher performance and precision than conventional whole‑body MRI systems. Hence, with continued developments, the segment is positioned for extensive growth in the years ahead.
End user Segment Analysis
The hospitals segment is expected to garner a significant share in the MRI coils market during the assessed timeframe. The higher patient volumes, availability of advanced MRI infrastructure, and skilled professionals are certain factors responsible for the segment’s growth and exposure. In September 2025, Hampshire Hospitals NHS Foundation Trust inaugurated a refurbished USD 7.5 million scanning center at Basingstoke North Hampshire Hospital, greatly expanding diagnostic capacity. Two new Siemens MRI scanners, installed with GE Healthcare, replace an older unit and form part of a USD 52 million ten‑year radiology service investment. Hence, such modern equipment installation in hospitals enhances diagnostic accuracy and supports staff development. These investments further solidify hospitals’ position as key end users in the market.
Our in-depth analysis of the magnetic resonance imaging coils market includes the following segments:
|
Segment |
Subsegments |
|
Coil Type |
|
|
Application |
|
|
End user |
|
|
Technology |
|
|
Anatomy |
|
|
Field Strength |
|
|
Usage |
|
Vishnu Nair
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Magnetic Resonance Imaging (MRI) Coils Market - Regional Analysis
North America Market Insights
The North America magnetic resonance imaging coils market is predicted to garner the largest revenue share of 37.6% by the end of the forecast period. The higher MRI installation density and the burgeoning healthcare expenses are responsible factors behind this leadership. The presence of major medical device manufacturers and a strong emphasis on personalized medicine support the steady expansion of the region’s market. NIH in August 2024 revealed there were 432 MRI units operating across 11 jurisdictions in Canada, with an average of 10.8 units per million people, performing 2,214,157 publicly funded MRI exams, about 55.6 exams per 1,000 population, which is a 4.3% increase from 2019-2020. It states that most of these units are in publicly funded hospitals, with 62.8% of MRI machines 10 years old or newer. MRI is primarily used for neurologic 28%, musculoskeletal 23%, and oncology 17% exams, and units operate on average 15.3 hours per day, hence reflecting the rising utilization rates.
The higher burden of chronic diseases is responsible for uplifting the U.S. MRI coils market. Market growth is heavily driven by technological innovations that enhance image resolution while improving patient comfort and workflow efficiency. The favorable reimbursement policies deliberately support the continuous adoption of advanced imaging systems in both hospitals and outpatient diagnostic centers. As per the NIH May 2025 article, between the financial year 2013 and FY2023, total imaging exams rose from 102,025 to 118,991. Meanwhile, the CT and MRI use per admission increased by 19.2% and 21.4%, thereby driving workload growth, with professional RVUs rising 80.6% for CT and 90.7% for MRI. Hence, these trends contributed to longer hospital stays, averaging around 7.4 days versus 5.6 days a decade earlier.
The magnetic resonance imaging coils market in Canada is showcasing a strong growth trajectory facilitated by the government investments in hospital infrastructure. As a result, medical facilities in the country are adopting advanced MRI systems to enhance diagnostic capacity and patient care. For instance, in October 2025, Fraser Health announced a total of USD 4.9 million upgrade of the MRI service at Abbotsford Regional Hospital and Cancer Centre. It also stated that the existing MRI scanner is being refurbished with the latest components, including new coils and AI-based software, to enhance image clarity and reduce scan times by up to 50%. Approximately 8,000 MRI scans are conducted annually at the hospital, hence making it suitable for bolstering the market’s growth in the overall country.
APAC Market Insights
The Asia Pacific magnetic resonance imaging coils market is expected to grow at a rapid pace during the forecast period. The region’s growth is mainly driven by a high demand for cost-effective 1.5T systems along with the adoption of advanced, high-field scanners in major urban centers. The shift toward private diagnostic chains and the increasing use of teleradiology are a few visible trends reshaping regional market growth dynamics. Based on the government data from Australia in October 2025, Wollongong Hospital installed a new MRI machine, which is a part of a USD 21.9 million investment to expand health services and infrastructure. This MRI will support breast imaging, biopsies, and cardiac diagnostics once it is operational, and will enhance patient care across the Illawarra region. Hence, such investments in MRI infrastructure efficiently drive the adoption of specialized MRI coils, supporting the overall growth of the regional market.
The aggressive geographic expansion of domestic and international companies is driving the MRI coils market in China. The volume-based procurement policies are encouraging the use of domestically produced, cost-effective phased-array and radiofrequency coils to improve diagnostic access in rural regions. In December 2025, GE HealthCare expanded its presence in China with the opening of a new magnetic resonance eastern hemisphere headquarters R&D Center in Tianjin. The facility is the company’s only system‑level MRI research base outside the U.S., and it will focus on AI technologies, core MRI components such as magnets and gradient coils to enhance diagnostic accuracy. It is a part of a USD 70.7 million investment plan, and it will work in synergy with GE’s Tianjin manufacturing base, which produces 1.5T, 3T, and PET/MR systems. Therefore, with such expansions, the country will witness more innovations in coil technology, improving the performance and reliability of both high-field and mid-field MRI systems.
India magnetic resonance imaging coils market has become targeted landscape for global investors due to its higher growth potential. The rise in non-communicable diseases and a flourishing medical tourism sector are the key factors behind the market’s capacity for expansion. A defining shift in the landscape is the transition from a heavy reliance on imported equipment to the emergence of indigenous manufacturing under government initiatives. In March 2025, the Press Information Bureau (PIB) reported that AIIMS New Delhi and Society for Applied Microwave Electronics Engineering & Research (SAMEER) signed an MoU to advance India’s indigenous medical imaging technology. This particular collaboration is focused on developing high‑field and low‑field MRI/NMR systems, RF/microwave subsystems, and AI/ML tools for image enhancement. Meanwhile, SAMEER has already completed subsystem development and animal trials for a 1.5 Tesla indigenous MRI system, with final cryotesting underway, hence contributing to wider market expansion.
Europe Market Insights
The Europe magnetic resonance imaging coils market is expected to maintain a stronger position on the global dynamics throughout the forecast period. The region’s growth is largely propelled by a high volume of MRI scans and the modernization of diagnostic facilities, which aim to improve diagnostic accuracy and patient throughput. The market’s growth is also supported by a strong emphasis on sustainability and energy efficiency, which is encouraging innovations such as green scanners and eco-friendly manufacturing processes. In November 2025, the Health Minister inaugurated a new MRI scanner unit at Causeway Hospital, which is a USD 2.5 million investment aimed at reducing patient waiting times. With three MRI scanners now across Causeway and Antrim, the Trust strengthens its ambition to become a diagnostic hub for the northwest. Therefore, with this development, along with continued innovations, the region will witness transformative growth in the upcoming years.
A sophisticated healthcare system and a higher concentration of imaging centers are certain drivers that are accelerating the MRI coils market in Germany. Market growth is primarily driven by a shift toward patient-centric designs, such as lightweight flexible coils, and the country’s predominant role in the medical imaging sector. In November 2023, Siemens Healthineers won the 2023 German Future Prize for its magnetom-free MRI platform. This particular innovation reduces the overall helium use from 1,500 liters to just 0.7 liters, integrates AI for image reconstruction, and consists of a compact design with the largest bore, i.e., 80cm, on the market. Therefore, from a strategic perspective, such instances in the country indicate a strong emphasis on technological leadership, which enhances the adoption of advanced MRI coils and solidifies its position in the global market.
The UK magnetic resonance imaging coils market is poised to witness notable growth primarily shaped by a robust public healthcare system and a concentrated effort to modernize diagnostic imaging services through generous government funds. Market growth is driven by a strategic focus on expanding the capacity of community diagnostic centres to reduce patient wait times. In February 2025, Philips announced the 50th UK installation of its BlueSeal helium-free MRI system at St George's Health and Wellbeing Hub, which is a part of Barking, Havering and Redbridge University Hospitals NHS Trust. The system uses a fully sealed 1.5T magnet requiring only 0.5% of the helium used in conventional MRI machines, saving over 70,000 litres of helium and enabling installations in community and remote sites, hence denoting a positive outlook for the market’s growth in the overall country.
Key Magnetic Resonance Imaging (MRI) Coils Market Players:
- GE HealthCare Technologies, Inc. (U.S.)
- Siemens Healthineers AG (Germany)
- Koninklijke Philips N.V. (Netherlands)
- Canon Medical Systems Corporation (Japan)
- Hitachi, Ltd. (Japan)
- Esaote S.p.A. (Italy)
- MR Instruments, Inc. (U.S.)
- RAPID MR International, LLC (Germany)
- ScanMed, LLC. (U.S.)
- Bruker Corporation (U.S.)
- Aurora Imaging Technology, Inc. (U.S.)
- NORAS MRI Products GmbH (Germany)
- Quality Electrodynamics LLC (U.S.)
- Invivo Corporation (U.S.)
- Probo Medical (U.S.)
- Creative Foam, Inc. (U.S.)
- Neusoft Medical Systems Co., Ltd. (China)
- Shanghai United Imaging Healthcare Co., Ltd. (China)
- Time Medical Systems (China)
- Magnetica Ltd. (Australia)
- Medspira (U.S.)
- Neuronostics Pvt. Ltd. (India)
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- GE HealthCare Technologies, Inc. is identified as a global leader in medical imaging, which offers a wide range of MRI systems and high-performance coil solutions. The company makes heavy investments in terms of R&D and AI-integrated imaging technologies, thereby allowing clinicians to capture faster, more accurate scans.
- Siemens Healthineers AG is best known for its Magnetom MRI platforms and advanced coil technologies. The firm is highly focused on helium-free, energy-efficient MRI systems with flexible, multi-channel coils that are adaptable to various anatomies.
- Koninklijke Philips N.V. is a prominent player which is offering flexible, lightweight, and high-density coils. The company’s strategy lies in patient-centered designs and workflow efficiency. Philips integrates AI-based imaging solutions to accelerate scans and improve resolution.
- Canon Medical Systems Corporation develops MRI coils for different clinical applications, focusing mainly on high-resolution imaging and reliability. Strategic initiatives adopted by Canon Medical are R&D investment in high-channel and specialized coils, and expanding sales in emerging nations.
- Hitachi, Ltd. is yet another central player in this MRI coils market, which offers MRI coils optimized for open and wide-bore systems, targeting patient comfort. Besides, the firm makes heavy investments in regional market expansion and partnerships to strengthen global adoption of its MRI coil technology.
Below is the list of some prominent players operating in the global MRI coils market:
The magnetic resonance imaging coils market is mostly a technology-driven sector wherein the major pioneers, such as GE HealthCare, Siemens Healthineers, and Philips Healthcare, hold leading market positions. These players dominate through extensive R&D capabilities, advanced multi‑channel coil systems, and integration with AI‑based imaging platforms. Firms from Japan and Europe are focused mainly on ergonomic coil designs and specialized clinical applications, whereas U.S. companies concentrate on high‑performance solutions. In May 2023, Probo Medical acquired Creative Foam’s MRI coil repair operation to enhance its in-house capabilities to handle complex MRI coil repairs and expand its diagnostic imaging repair services. The acquisition includes a long-term partnership with Creative Foam for re-foaming of MRI coils, ensuring continuity of expertise, hence positively impacting the MRI coils market’s growth and exposure.
Corporate Landscape of the Magnetic Resonance Imaging Coils Market:
Recent Developments
- In February 2026, Royal Philips announced the launch of the InkSpace imaging snuggle pediatric body array coil for its 3.0 T MRI systems, especially designed to enhance comfort for children, and it delivers high-quality, efficient imaging for clinicians.
- In June 2025, Siemens Healthineers received the U.S. FDA clearance for the Magnetom Flow.Ace, which is its first helium-free 1.5T MRI scanner with a 60 cm bore, designed for both human and veterinary radiology. The system consists of flexible contour coils adaptable to different anatomies, reducing scan times and improving workflow.
- Report ID: 4957
- Published Date: Mar 26, 2026
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