Magnetic Resonance Imaging (MRI) Coils Market Set to Grow Across APAC, Europe, USA, and Saudi Arabia, Forecasting USD 3.27 Billion by 2035

The magnetic resonance imaging (MRI) coils market is poised for steady growth over the next decade, driven by rising demand for high-resolution diagnostic imaging, the increasing prevalence of chronic and neurological diseases, and the widespread adoption of high-field MRI scanners. The global MRI coils market is estimated at USD 2.31 billion in 2025 and is projected to reach USD 3.27 billion by 2035, reflecting a compound annual growth rate (CAGR) of 3.5%.

Innovations Fuel Market Expansion

Significant technological advancements are shaping market dynamics. Polarean Imaging’s FDA-approved XENOVIEW® 3T chest coil, compatible with GE Healthcare MRI systems, allows hyperpolarized Xenon-129 lung imaging, enhancing pulmonary assessment in both adults and adolescents. Similarly, Boston University’s INM‑4 group introduced a butterfly coil that improves brain imaging signal-to-noise ratio (SNR), while ASU’s wireless, wearable coaxially-shielded coils provide high-resolution imaging without cumbersome cabling.

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These innovations—including flexible, lightweight designs and patient-tailored coils—enhance patient comfort, reduce motion artifacts, and optimize workflow efficiency, ensuring that MRI systems deliver superior diagnostic capabilities.

Market Dynamics and Investment Segments

Radiofrequency (RF) coils remain the market leader with an anticipated 56.4% share by 2025, reflecting their critical role in obtaining high-quality MR signals. Hospitals dominate the end-user segment, accounting for 34.3% of revenue, as they continue to invest in advanced imaging systems like 3T and 7T MRI scanners. High-field and ultra-high-field compatible coils are becoming increasingly integral, particularly for neuroimaging, musculoskeletal, cardiovascular, and oncology applications.

While Tier 1 companies, including GE Healthcare, Siemens Healthineers, Philips, and Canon Medical Systems, control 45.1% of the market, Tier 2 and Tier 3 players contribute to regional diversity and specialized innovation. Tier 2 companies like MR Instruments and ScanMed focus on agile development and niche applications, whereas Tier 3 players address specialized research and localized demand.

Regional Market Outlook

The MRI coils market exhibits strong growth potential across multiple regions:

• USA: Leading the North American segment, expected CAGR of 1.6% (2025–2035), driven by advanced healthcare infrastructure, aging population, and R&D activities.
• China: Projected CAGR of 5.4% over the same period, supported by rapid adoption of high-field MRI systems and urban hospital expansion.
• India: Fastest growth in South Asia & Pacific at 5.6% CAGR, fueled by rising chronic disease burden and increased healthcare accessibility.
• Europe & Saudi Arabia: Stable growth driven by high-field MRI investments, government healthcare initiatives, and adoption of advanced diagnostic technologies.

Market Challenges and Opportunities

High system costs, particularly for 3T and 7T MRI scanners, remain a barrier to adoption in resource-limited regions. To overcome this, manufacturers are exploring modular coil designs, leasing programs, and cost optimization strategies. At the same time, the demand for flexible, wireless, and patient-friendly coils presents significant opportunities for product differentiation and market penetration.

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Outlook and Key Trends

Looking forward, the MRI coils market will continue to expand, propelled by:

• Integration of AI-powered image reconstruction and 3D imaging capabilities
• Growth in precision medicine and patient-specific diagnostic solutions
• Rising demand in pediatric, geriatric, and neurology-focused imaging
• Adoption of hybrid imaging modalities such as PET-MRI

With continued investment in innovation and infrastructure, the MRI coils industry is positioned for sustained global growth, offering clinicians and patients improved diagnostic accuracy, enhanced imaging quality, and optimized operational efficiency.

About the Report

This market analysis provides a comprehensive review of MRI coil technologies, including radiofrequency and gradient coils, across applications such as neurology, cardiovascular, musculoskeletal, and breast imaging. Coverage includes hospitals, diagnostic imaging centers, ambulatory surgical centers, and specialty clinics across North America, Europe, APAC, and Middle East regions.

Key Players Mentioned:

Esaote, GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, Canon Medical Systems, MR Instruments, ScanMed, Hologic Inc., RAPID MR International, Bruker.

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