Magnetic Resonance Imaging Coils Market Size:

The magnetic resonance imaging coils market size was valued at USD 9.13 billion in 2024 and is expected to reach USD 17.48 billion by 2032, growing at a CAGR of 8.47% over 2025-2032.

The magnetic resonance imaging coils market is gaining significant momentum due to the increasing incidence of chronic diseases, technological improvements in diagnostic imaging systems, and the adoption of high-field MRI. The global magnetic resonance imaging coils market is experiencing a rising focus on non-invasive diagnostics technology, a growing geriatric population, and an increase in spending on healthcare infrastructure.

For instance, global MRI procedure volumes are projected to increase 5 to 10 times the rate of population growth in developed economies, particularly in the U.S. magnetic resonance imaging coils market, on account of increasing demand for early disease diagnosis.

Rising investments in R&D by leading medical devices market players, including GE Healthcare, Siemens Healthineers, and Philips Healthcare, are also contributing immensely to innovation. In the past decade only, Philips received an investment of more than USD 5.34 billion for its R&D globally, this investment resulting in inventions such as smart coils and AI-enabled imaging. And regulatory requirements, such as the Food and Drug Administration’s simplified 510 (k) pathway for imaging equipment, have sped up approvals, increasing the number of products available. The rising number of hospitals and diagnostic centers with government reimbursement in Asia and Europe is another factor driving the magnetic resonance imaging coils market.

In April 2025, Siemens Healthineers introduced its BioMatrix MRI coils with motion-adaptive technology of the next generation, providing precision imaging and comfort for patients, which represent important advances in the magnetic resonance imaging (MRI) coils market.

GE HealthCare announced a strategic collaboration with Mayo Clinic to co-develop AI-enabled MRI coils for cancer and neurological disease, indicating a high focus on R&D and the market within the global MRI coils market during Q1 2025.

Market Dynamics:

Drivers:

• Advancements In Technology and Increased Disease Burden Are Fueling the Magnetic Resonance Imaging Coils Market Growth

The magnetic resonance imaging coils market growth is primarily driven by factors such as technological advancements, leading to an increased adoption of the MRI technology, and an increasing shift towards portfolio diversification in developed markets. Increased occurrence of neurological or musculoskeletal diseases has increased demand for specialized imaging, leading to increased demand for advanced MRI coils.

More than 50 million MRI scans are done on an annual basis in developed markets, leading to increased scan quality and patient throughput. In addition, growing usage of 3T and 7T MRI devices requires more advanced coils for better efficiency, supporting the magnetic resonance imaging coils market growth.

Strategic investments from firms such as Canon Medical Systems, which announced in 2024 a USD 300 million R&D endeavor to develop ‘ultra-high-definition’ MRI coils, also signal an investment in innovation. The growth of outpatient imaging centers and teleradiology services has further driven demand for small and lightweight coils. Regulatory backing, including European MDR approval for flexible and wireless coil systems, is facilitating accelerated commercialization. These are some of the key factors that are likely to impact the magnetic resonance imaging coils market trends, as they continue to consolidate diagnostic and research applications.

Restraints:

• High Costs, Complex Manufacturing, And Regulatory Scrutiny Are Impeding the Magnetic Resonance Imaging Coils Market Growth

The magnetic resonance imaging coils market shows some serious limitations despite growing clinical needs. Spiraling production costs of next-gen coils, which are the result of precision engineering and material (e.g., copper and superconductors) requirements and strict performance specifications, are serious obstacles. A high-channel MRI coil array set typically costs more than USD 100,000, restricting accessibility to small healthcare facilities. Moreover, the arduous installation and calibration procedures generally require personnel with high expertise, which raises operational costs.

In addition, regulatory barriers exist in the form of extensive validation requirements of MRI coils in the US, where the FDA requires time-consuming 510(k) clearances under Class II medical device classification. More than 25% of MRI-related submissions experienced delays for a lack of EMC (electromagnetic compatibility) data. This delays new entrants to the market. In addition, disruptions in supply chains (in particular, rare-earth elements for coil manufacturing) have hampered production timelines, as witnessed in the 2021-2023 semiconductor shortage. Despite the obvious clinical need, these limitations are significant bottlenecks limiting the progress of the magnetic resonance imaging coils market.

Magnetic Resonance Imaging Coils Market Segmentation Analysis:

By Type

The radiofrequency coil segment held a leading position in the global magnetic resonance imaging coils market analysis with a 60.8% revenue share in 2024. This dominance can be explained by its crucial part in the transmission and reception of signals in MR during high-resolution imaging. RF coils come in several geometries, including surface, volume, and phased array coils, contributing to their flexibility for different diagnostic applications and thereby raising their clinical significance in neurology, musculoskeletal, and breast imaging.

The gradient coil segment is estimated to register moderate growth in the forecast period, owing to improvements in faster image acquisition techniques and functional MRI (fMRI) methods. There is a growing need for improved gradient systems owing to the growing requirement for dynamic and real-time imaging in applications such as cardiology and brain mapping, accelerating the magnetic resonance imaging coils market growth.

By Application

Neurology was the largest segment, accounting for 22.5% in 2024, owing to the rising prevalence of neurological conditions, including epilepsy, Alzheimer’s disease, and multiple sclerosis, across the globe. The growing need for early and non-invasive detection of various brain disorders has led to the increased use of dedicated head or brain coils, contributing to better anatomical coverage and signal sensitivity.

Additionally, the spinal place and the musculoskeletal market are predicted to witness the highest growth during the forecast period. Expansion in the market is mainly driven by the increasing prevalence of orthopedic injuries, sports injuries, and degenerative spine conditions caused by an aging population. The need for dedicated MSK coils with high-contrast resolution in joint & spinal imaging is increasing in both hospital and outpatient environments.

By End Use

Hospitals became the largest end-user in 2024, capturing the largest revenue share in the magnetic resonance imaging coils market. This is largely attributed to the widespread availability of state-of-the-art MRI machines at major hospital chains, a readily available workforce of radiology professionals, and the enormous number of inpatient and outpatient scans being done each and every day. Hospitals are also in need of multi-coil systems for different diagnoses.

On the contrary, diagnostic imaging centers are the fastest-growing end-user segment. Their growth is fueled by growing patient demand for faster, more affordable outpatient imaging. Portable and special-purpose MRI coil arrays are proliferating in these kinds of facilities faster than any other, to increase throughput and flexibility of service in metropolitan and sub-metropolitan areas.

Magnetic Resonance Imaging Coils Market Regional Analysis:

North America was the leading regional market in 2024, mainly due to the presence of a large number of advanced MRI technology adopting hospitals, strong healthcare infrastructure, and large-scale investments in R&D by leading magnetic resonance imaging coil market players.

In North America, it is the US that is leading the region’s MRI coils market, with over 75% of the magnetic resonance imaging coils market share held by the country. The U.S. magnetic resonance imaging coils market size was valued at USD 2.90 billion in 2024 and is expected to reach USD 5.17 billion by 2032, growing at a CAGR of 7.55% over 2025-2032. More than 40 million MRI examinations are performed in the U.S. each year, reflecting a high disease load of neurological and musculoskeletal illnesses. The existence of established players such as GE HealthCare and Siemens Healthineers, coupled with supportive reimbursement schemes, continues to promote ongoing innovation and demand. Canada is experiencing stable growth driven by government-sponsored diagnostic imaging growth programs.

Europe is the second largest market for the global magnetic resonance imaging coils, which is supported by increasing government spending on public health infrastructure, and an aging population demanding diagnosis.

Germany dominates the region as a result of its having state-of-the-art hospitals, and the frequency of MRI scanners is high, predicted to be over 130 scans per 1,000 population a year. That is much higher than the EU average. There’s also a strong contribution from the UK and France, which is supported by the NHS and public screening programs for cancer and neurology. New investments in AI-powered imaging in the UK saw the purchase of smart MRI scanners that demand high-performing coils. In Italy and Spain, imaging services are being beefed up to handle increasing demand for chronic disease diagnostics. Private imaging center investments are booming in Poland and Turkey.

Asia Pacific is the fastest-growing region in the magnetic resonance imaging coils market analysis due to the increasing healthcare infrastructure, growing diagnostic awareness, and increasing investments in imaging modalities. China is the largest in the region and is fueled by growth in MRI systems in tier-2 and tier-3 cities, along with government-backed programs such as “Healthy China 2030,” focused on precision diagnostics. In 2024, China added more than 2,500 MRIs, 8.6% over the year before. India is following suit with increased demand on account of the increasing middle class and the government’s National Digital Health Mission, driving growth in imaging diagnostics. In spite of saturation, Japan is still developing in ultra-high-field MRI systems and is a center of component manufacture for MRI. In South Korea and Singapore, AI-driven imaging is developing, subsequently also requiring magnet-independent coil technology. Asia Pacific magnetic resonance imaging coils market share is also projected to grow at a greater rate due to rising health care expenditure, particularly in China and India.

Key Players in the Magnetic Resonance Imaging Coils Market:

Leading magnetic resonance imaging coils companies in the market comprise GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Canon Medical Systems, Esaote S.p.A., MR Instruments Inc., Rapid MR International LLC, ScanMed LLC, Noras MRI Products GmbH, and Nova Medical.

Recent Developments in the Magnetic Resonance Imaging Coils Market:

• In November 2024, GE HealthCare received FDA clearance for its XENOVIEW 3T Chest Coil, enhancing diagnostic capabilities for lung imaging on GE MRI systems, marking a significant step in respiratory-focused MRI technology.

• In November 2023, Philips introduced its ultra-lightweight and flexible Smart Fit MR coils at RSNA 2023, aimed at improving radiology workflow efficiency and diagnostic confidence through enhanced patient comfort and image quality.