Magnetic Resonance Imaging Coils Market Report 2026

Magnetic Resonance Imaging Coils Market Overview

• Magnetic Resonance Imaging Coils market size has reached to $13.31 billion in 2025 • Expected to grow to $21.23 billion in 2030 at a compound annual growth rate (CAGR) of 9.9% • Growth Driver: Growth Of Magnetic Resonance Imaging Coils Market Fueled By Rising Hospital Numbers • Market Trend: Development Of High-Density Flexible Coil Technology To Enhance MRI Image Quality And Patient Comfort • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Magnetic Resonance Imaging Coils Market?

The magnetic resonance imaging coil is an essential component of an MRI machine and allows to capture of high-end images of specific body parts. MRI consists of multiple coils which serve different purposes, such as, they act as transmitters to develop a rotating magnetic field and also as receivers to detect radio-frequency signs. MRI or magnetic resonance imaging is a non-invasive imaging technology that uses magnetic fields, radio waves, and a computer to create detailed anatomical images of the human body. It is used as a hardware components to increase the performance of magnetic resonance imaging systems for imaging various medical conditions or injuries. The main types of magnetic resonance imaging coils are radiofrequency coil and gradient coil. The radiofrequency coils are used to excite the aligned magnetic spins and receive an RF signal back from the sample. The radiofrequency coil is an essential hardware component of an MRI system. These coils are antennas for the MRI system, which serve two purposes, to distribute power to the magnetization (Tx-Coil) and to receive the signal generated by the excited spins (Rx-Coil). The various applications of magnetic resonance imaging coils include neurology, cardiovascular, spine and musculoskeletal, pediatric, breast, abdominal, and other applications that are suitable for hospitals, Diagnostic Imaging Centers, and other end-users.

What Is The Magnetic Resonance Imaging Coils Market Growth Forecast?

The magnetic resonance imaging coils market size is expected to see strong growth in the next few years. It will grow to $21.23 billion in 2030 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to increasing use of multi-channel coils, integration with AI-based imaging software, expansion in pediatric and cardiovascular MRI, rising adoption in specialized medical centers, development of high-performance MRI coil systems. Major trends in the forecast period include integration of advanced mri coil designs, adoption of smart imaging components, implementation of IoT-enabled mri monitoring, deployment of high-resolution coil technologies, expansion of AI-based imaging optimization.

Global Magnetic Resonance Imaging Coils Market Segmentation

1) By Type: Radiofrequency Coil, Gradient Coil 2) By Application: Neurology, Cardiovascular, Spine and Musculoskeletal, Pediatric, Breast, Abdominal, Other Applications 3) By End User: Hospitals, Diagnostic Imaging Centers, Other End Users Subsegments: 1) By Radiofrequency Coil: Head Coil, Body Coil, Extremity Coil, Surface Coil 2) By Gradient Coil: Standard Gradient Coil, High-Performance Gradient Coil, Specialized Gradient Coil

What Is The Driver Of The Magnetic Resonance Imaging Coils Market?

The increasing number of hospitals is expected to propel the growth of the magnetic resonance imaging coils market going forward. A hospital is a healthcare facility or institution where medical professionals provide medical treatment, care, and services to individuals who are suffering from injuries, illnesses, or medical conditions. Magnetic resonance imaging coils in hospitals play a critical role in improving the quality of MRI scans, reducing scanning times, enhancing patient comfort, and accurate diagnoses, and reducing the need for contrast agents. For instance, in August 2023, according to Interweave Textiles Limited, a UK-based company that specializes in the manufacturing of textiles and related products, there are 1148 hospitals in the UK. Therefore, the increasing number of hospitals is driving the growth of the magnetic resonance imaging coils industry.

Key Players In The Global Magnetic Resonance Imaging Coils Market

Major companies operating in the magnetic resonance imaging coils market are GE HealthCare Technologies Inc., Siemens Healthineers, Koninklijke Philips N.V. (Philips Healthcare), Canon Medical Systems Corporation, Hitachi Medical Systems, Esaote S.p.A., MR Instruments, Inc., RAPID MR International, LLC, ScanMed LLC, Noras MRI Products GmbH, Neocoil, LLC, Quality Electrodynamics (QED), Aurora Imaging Technology, Inc. (Aurora), Invivo Corporation, Medspira LLC, Time Medical Systems, ShanghAI United Imaging Healthcare Co., Ltd., Magnetica Ltd., Neusoft Medical Systems Co. Ltd., Bruker Corporation

Global Magnetic Resonance Imaging Coils Market Trends and Insights

Major companies are operating in the magnetic resonance imaging (MRI) coils market, focusing on developing innovative technologies such as high-channel-density, ultra-lightweight flexible coil arrays to improve diagnostic accuracy, enhance patient comfort, and streamline imaging workflows. These advanced coils feature multiple small, closely spaced receiver elements embedded in a flexible housing that conforms to body contours, providing higher signal-to-noise ratios and faster scan times compared to traditional rigid coils. For instance, in January 2025, InkSpace Imaging, a US-based medical device company, received FDA 510(k) clearance for its 1.5 T 24-channel MR coil for Siemens Healthineers Magnetom MRI systems. The product integrates a lightweight, flexible design with high-density coil technology to improve image uniformity and patient comfort, reduce setup time, and enable accelerated parallel imaging. It is designed for use across a range of body regions, enhancing workflow efficiency and diagnostic confidence in clinical MRI environments.

What Are Latest Mergers And Acquisitions In The Magnetic Resonance Imaging Coils Market?

In August 2023, Exor N.V. a Netherlands-based company, acquired Koninklijke Philips N.V., for $2.8 billion. With this acquisition, Exor aims to expand its portfolio by incorporating Philips's expertise in providing magnetic resonance imaging coils. Koninklijke Philips N.V. is a Netherlands-based company that offers magnetic resonance imaging coils.

Regional Outlook

North America was the largest region in the magnetic resonance imaging coils market share in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Magnetic Resonance Imaging Coils Market?

The magnetic resonance imaging coil market consists of sales of array coil, body wrap-around coil, linearly polarized coil, saddle coil, circularly polarized coil, quadrature coil, bird cage coil, crossed coil, Helmholtz pair coil, paired saddle coil, single turn solenoid, transmit only coil, receive only coil and transmit-receive coil. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Magnetic Resonance Imaging Coils Market Report 2026?

The magnetic resonance imaging coils market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the magnetic resonance imaging coils industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.