The global Magnetic Resonance Imaging (MRI) Coils Market is set to expand significantly, growing from USD 2.31 billion in 2025 to USD 3.27 billion by 2035, reflecting a CAGR of 3.5%. This growth is fueled by rising demand for high-resolution imaging, increasing prevalence of chronic and neurological diseases, and accelerated adoption of high-field (3T) and ultra-high-field (7T and above) MRI systems across hospitals and imaging centers.
Market Drivers: Innovation and Clinical Demand
Emerging technologies are redefining MRI imaging capabilities, with a strong emphasis on signal-to-noise ratio (SNR) improvements, patient comfort, and AI-enabled image optimization. Flexible and lightweight coil designs, such as GE Healthcare’s AIR Coils and Siemens Healthineers’ Tim 4G, have become critical in enhancing diagnostic accuracy while improving patient experience.
A notable industry milestone occurred in 2024, when Polarean Imaging received FDA clearance for its XENOVIEW® 3T chest coil, enabling hyperpolarized Xenon-129 imaging to improve pulmonary ventilation assessment in adults and children. Similarly, Boston University’s INM-4 group introduced a butterfly coil design, significantly enhancing SNR for brain imaging, while wearable wireless coil systems, introduced at ISMRM 2023, promise greater patient comfort and operational efficiency.
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Key Market Segments: RF Coils Dominate, Hospitals Lead Adoption
By 2025, Radiofrequency (RF) coils will account for 56.4% of global revenue, thanks to their ability to deliver superior image quality across neurological, musculoskeletal, and cardiac imaging. Hospitals remain the largest end-user segment, capturing 34.3% market share, driven by investments in advanced imaging systems and growing demand for early disease detection.
Industry Trends: AI Integration and Ultra-High-Field MRI
The MRI coils market is witnessing a surge in AI-enabled imaging workflows, which reduce scan times and enhance image clarity. Additionally, the transition toward ultra-high-field MRI systems (7T and above) is creating a robust demand for specialized coils capable of handling higher magnetic strength with minimal artifacts. These advancements are vital for applications in neuroimaging, oncology, and functional brain mapping, positioning manufacturers such as Siemens Healthineers, Canon Medical Systems, and Philips Healthcare at the forefront of innovation.
Regional Outlook: Asia-Pacific Leads Growth
While North America continues to dominate due to strong healthcare infrastructure and R&D investments, Asia-Pacific markets such as China (5.4% CAGR) and India (5.6% CAGR) are expected to register the fastest growth through 2035. Increased healthcare spending, rising chronic disease burden, and government-backed infrastructure development programs are key accelerators in these regions.
Competitive Landscape: Top Players and Strategic Collaborations
The global MRI coils market remains highly competitive, with Tier 1 players—GE Healthcare, Siemens Healthineers, Philips Healthcare, and Canon Medical Systems—collectively holding 45.1% share. These companies continue to invest in multi-channel RF coils, AI integration, and patient-centric designs to strengthen market position.
Recent strategic developments include:
- Canon Medical Systems launching its first ultra-high-field MRI system with bespoke RF coils for advanced clinical and research use.
- Magnetica Ltd. partnering with Siemens Healthineers to develop RF coils for compact MRI systems, enhancing image performance in cost-sensitive markets.
Challenges: High-System Costs Remain a Barrier
Despite strong growth drivers, high acquisition and maintenance costs of advanced MRI systems and coils remain a major barrier, particularly for small hospitals and diagnostic centers in emerging economies. Manufacturers are exploring cost-optimization strategies, including modular coil designs and leasing models, to improve accessibility and adoption rates.
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Future Outlook: Next-Generation MRI Coils to Drive Precision Imaging
The next decade will see MRI coil technology evolving toward wireless, wearable, and patient-specific solutions, with AI playing a pivotal role in streamlining imaging workflows. Integration with hybrid imaging modalities, such as PET-MRI, and growing adoption in precision medicine and personalized diagnostics will further accelerate market growth.
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