North America MRI Coils Market By Product Type (Phased-Array, Quadrature), Type (Volume Coils, Gradient Coils, Radiofrequency Coils, Surface, Others), Application (Neuroimaging, Cardiovascular, Musculoskeletal, Gastrointestinal, Pediatric, Breast, Others), End User (Hospitals, Diagnostic Imaging Centre, Others), Distribution Channel (Direct Tenders, Retail Sales), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028

The MRI coils market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 3.8% in the forecast period of 2021 to 2028 and is expected to reach USD 142.29 million by 2028. Increase in prevalence of chronic diseases and rising geriatric population is anticipated to drive the growth of the market.

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North America MRI Coils Industry Trends

Segments

- By Type: Radiofrequency Coils, Gradient Coils, Interface Coils, Local Coils
- By End User: Hospitals, Imaging Centers, Research Institutes, Diagnostic Centers
- By Application: Neurological MRI, Cardiovascular MRI, Oncology MRI, Musculoskeletal MRI

The North America MRI coils market is segmented based on type, end user, and application. Radiofrequency coils, gradient coils, interface coils, and local coils are the different types of MRI coils available in the market. Hospitals, imaging centers, research institutes, and diagnostic centers are the primary end users of MRI coils in North America. In terms of application, MRI coils are widely used for neurological MRI, cardiovascular MRI, oncology MRI, and musculoskeletal MRI procedures in the region.

Market Players

- GE Healthcare
- Siemens Healthineers
- Canon Medical Systems Corporation
- Hitachi, Ltd.
- Koninklijke Philips N.V.
- Toshiba Corporation
- Bruker
- Aspect Imaging
- NeoCoil
- Xanion

Key market players in the North America MRI coils market include GE Healthcare, Siemens Healthineers, Canon Medical Systems Corporation, Hitachi, Ltd., Koninklijke Philips N.V., Toshiba Corporation, Bruker, Aspect Imaging, NeoCoil, and Xanion. These companies are actively involved in product development, partnerships, mergers, and acquisitions to strengthen their market presence and expand their product portfolios in the region.

The North America MRI coils market is witnessing significant growth driven by factors such as technological advancements in MRI systems, increasing prevalence of chronic diseases, and rising demand for non-invasive diagnostic procedures. Radiofrequency coils, gradient coils, interface coils, and local coils are essential components of MRI systems, playing a crucial role in generating high-quality images for accurate diagnosis. The demand for MRI coils is highest in hospitals, where a large number of diagnostic procedures are conducted on a daily basis. Imaging centers also contribute significantly to the market share as they cater to a wide patient population requiring MRI scans for various medical conditions.

In terms of application, neurological MRI holds a substantial share in the North America MRI coils market. With the rising incidence of neurological disorders such as Alzheimer's disease, multiple sclerosis, and brain tumors, the demand for MRI scans focused on the brain and spinal cord is increasing. Cardiovascular MRI is another significant application segment, driven by the growing prevalence of cardiovascular diseases and the need for detailed imaging of the heart and blood vessels. Oncology MRI is gaining traction for the early detection and staging of cancer, while musculoskeletal MRI is crucial for assessing injuries and disorders affecting the bones, joints, and soft tissues.

Key market players such as GE Healthcare, Siemens Healthineers, and Koninklijke Philips N.V. are investing in research and development activities to introduce advanced MRI coil technologies that enhance imaging quality and patient comfort. These companies are also focusing on strategic partnerships and collaborations to expand their geographical presence and reach a larger customer base in North America. With the increasing adoption of MRI technology in both diagnostic and research settings, the demand for specialized MRI coils is expected to grow further in the coming years.

Factors such as the growing geriatric population, rising healthcare expenditure, and increasing awareness about the benefits of early disease detection are driving the expansion of the North America MRI coils market. As MRI technology continues to evolve, incorporating innovations such as high-field MRI, multiparametric imaging, and artificial intelligence, the demand for advanced MRI coils will surge. Market players need to stay at the forefront of these technological advancements to maintain their competitive edge and meet the evolving needs of healthcare providers and patients in the region.The North America MRI coils market is a highly competitive landscape with key players such as GE Healthcare, Siemens Healthineers, and Koninklijke Philips N.V. leading the market with their advanced technologies and strong market presence. These companies are continuously investing in research and development to introduce innovative MRI coil technologies that can enhance imaging quality and patient comfort. By focusing on strategic partnerships and collaborations, these market players are expanding their reach and catering to a larger customer base in the region.

One of the key drivers of the North America MRI coils market is the increasing prevalence of chronic diseases, which is fueling the demand for non-invasive diagnostic procedures such as MRI scans. As the population ages and the incidence of neurological disorders, cardiovascular diseases, and cancer continues to rise, the need for high-quality imaging solutions provided by MRI coils is growing. Moreover, the emphasis on early disease detection and accurate diagnosis is pushing healthcare providers to invest in advanced MRI systems equipped with specialized coils.

Technological advancements in MRI systems are also driving market growth, as healthcare facilities seek to upgrade their imaging capabilities with the latest innovations. High-field MRI, multiparametric imaging, and artificial intelligence are reshaping the landscape of diagnostic imaging and creating new opportunities for market players to introduce cutting-edge MRI coil technologies. The integration of these advanced features in MRI systems not only improves diagnostic accuracy but also enhances patient experience by reducing scan times and ensuring optimal image quality.

Furthermore, the rising healthcare expenditure in North America is contributing to the growth of the MRI coils market, as healthcare facilities allocate resources to procure state-of-the-art imaging equipment to meet the increasing demand for diagnostic services. As awareness about the benefits of early disease detection continues to grow among both healthcare providers and patients, the adoption of MRI technology is expected to rise, further driving the demand for specialized MRI coils.

In conclusion, the North America MRI coils market is witnessing significant growth propelled by factors such as technological advancements, increasing prevalence of chronic diseases, and rising demand for non-invasive diagnostic procedures. Key market players are leveraging research and development, strategic partnerships, and technological innovations to stay ahead of the curve and meet the evolving needs of the healthcare industry in the region. With a focus on quality imaging, patient comfort, and diagnostic accuracy, the market for MRI coils is poised for continued expansion in the coming years.

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North America MRI Coils Market Reporting Toolkit: Custom Question Bunches

  • What is the total valuation of the North America MRI Coils industry this year?
  • What will be the future growth outlook of the North America MRI Coils Market?
  • What are the foundational segments discussed in the North America MRI Coils Market report?
  • Who are the dominant players in North America MRI Coils Market each region?
  • What countries are highlighted in terms of revenue growth for North America MRI Coils Market?
  • What company profiles are included in the North America MRI Coils Market report?

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