United States Magnetic Resonance Imaging Coils Market to Grow with a CAGR of 7.39% through 2028
Rising prevalence of chronic diseases is expected to
drive the United States Magnetic Resonance Imaging Coils Market growth in the
forecast period, 2024-2028.
According to TechSci Research report, “Magnetic
Resonance Imaging Coils Market – United States Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the United
States Magnetic Resonance Imaging Coils Market stood at USD 884.21 million in
2022 and is anticipated to grow with a CAGR of 7.39% in the forecast period,
2024-2028. Magnetic Resonance Imaging (MRI) is a powerful diagnostic tool that
plays a pivotal role in modern healthcare. MRI Coils, also known as
radiofrequency coils, are critical components that significantly influence the
quality and accuracy of MRI scans. The increasing incidence of chronic diseases such as
cancer, cardiovascular diseases, and neurological disorders is a significant
driver of the MRI Coils Market in the United States. With the aging population
and changing lifestyles, the demand for accurate and early diagnosis has
surged. MRI technology, combined with advanced coils, has become a cornerstone
in the diagnosis and monitoring of these conditions. High-resolution MRI scans
provided by state-of-the-art coils enable healthcare professionals to detect
and track diseases at an early stage, leading to more effective treatment and
improved patient outcomes.
The trend toward specialized MRI coils tailored to
specific anatomical regions or clinical applications is gaining momentum.
Neurovascular coils, cardiac coils, breast coils, and musculoskeletal coils are
some examples of specialized offerings. These coils are designed to optimize
image quality for particular regions of interest, resulting in more accurate
diagnoses and treatment planning. The versatility and specificity of these
coils make them highly attractive to healthcare providers, ultimately contributing
to the expansion of the MRI Coils Market.
Ongoing research and development activities have led
to significant technological advancements in MRI coil design. Manufacturers are
constantly innovating to improve the sensitivity and specificity of MRI coils,
resulting in better image quality and diagnostic accuracy. The development of
high-density array coils and multi-channel coils has been a game-changer. These
advanced coils provide more coverage, better signal-to-noise ratios, and
enhanced parallel imaging capabilities, reducing scan times and improving
patient comfort. This not only benefits patients but also makes MRI technology
more cost-effective for healthcare providers, thus driving its adoption.
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The United States Magnetic Resonance Imaging Coils Market
is segmented into Drug, Application, Distribution Channel, Regional
Distribution, And Company. Based on the Application, Neurology emerged as the
dominant segment in the United States market for United States Magnetic
Resonance Imaging Coils Market in 2022.
Ongoing research in the field of neurology, including the
study of brain connectivity, neural pathways, and functional brain mapping,
relies heavily on MRI technology. Neuroimaging using MRI is
highly versatile. It can be employed for a wide range of neurological
assessments, from identifying structural abnormalities to functional studies
like functional MRI (fMRI) for mapping brain activity. Specialized
neurovascular coils and head coils have been developed to optimize image
quality and sensitivity for neurological applications. The broad spectrum of
applications within neurology makes MRI coils tailored for this field in high
demand. neurological conditions, require precise and early
diagnosis for effective treatment and management. Neuroimaging is a cornerstone
of diagnosing and monitoring neurological disorders, and MRI is a preferred
modality due to its non-invasive nature and superior soft tissue contrast. The
demand for advanced MRI technology, including specialized coils for
neuroimaging, is continually rising to address these healthcare challenges.
Based on the End-use, Hospitals & Clinics emerged
as the dominant segment in the United States market for United States Magnetic
Resonance Imaging Coils Market in 2022. vices to patients. MRI technology is a critical
component of these diagnostic services, allowing healthcare providers to assess
a broad spectrum of medical conditions, from neurological disorders to
musculoskeletal issues. The demand for MRI coils in these settings is
consistently high due to the need for diverse and comprehensive diagnostic
capabilities. Hospitals and clinics typically serve a large patient volume daily.
This high patient throughput requires efficient and dependable MRI technology.
Specialized MRI coils are essential for optimizing imaging procedures and
ensuring accurate and timely diagnoses. The demand is driven by the need to
cater to a significant number of patients efficiently.
Mid-West emerged as the dominant player in the United
States Magnetic Resonance Imaging Coils Market
in 2022, holding the largest market share. The Midwest
region is home to a significant number of healthcare facilities, including
hospitals, clinics, research institutions, and medical centers. These
institutions have a substantial demand for MRI technology and coils to support
their diagnostic and patient care needs. The concentration of healthcare
providers in the Midwest contributes to the region's dominant position in the
MRI Coils Market. The Midwest region hosts several research and innovation
hubs, which are pivotal in advancing MRI technology. These hubs collaborate
with healthcare facilities and MRI coil manufacturers to develop cutting-edge
solutions and conduct clinical trials. As a result, the Midwest benefits from
access to the latest MRI coil technology and expertise, solidifying its
position as a dominant player.
Major companies operating in United States Magnetic
Resonance Imaging Coils Market are:
- Siemens Healthineers AG
- GE Healthcare
- Koninklijke Philips N.V.
- Canon Medical Systems Corporation
- ESAOTE SPA
- MR Instruments, Inc.
- RAPID MR INTERNATIONAL, LLC.
- SCANMED, LLC.
- Bruker
- Hologic Inc
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“The United
States Magnetic Resonance Imaging Coils (NGS) market is poised for significant
growth in the coming years. The rising prevalence of chronic diseases, and an
aging population will continue to drive the demand for state-of-the-art MRI
coils. Technological innovations, such as high-density array coils and
specialized designs, are expected to further improve image quality, patient
comfort, and diagnostic accuracy, making MRI an increasingly preferred imaging
modality. Moreover, the growing emphasis on early diagnosis, government
initiatives supporting healthcare infrastructure, and ongoing research in the
field will fuel the expansion of the MRI Coils Market..” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“United States Magnetic Resonance Imaging
Coils Market Segmented By Product (Radiofrequency Coil, Gradient Coil), By
Application (Neurology, Cardiovascular, Spine & Musculoskeletal, Pediatric,
Breast, Abdominal, Others), By End-use (Hospitals & Clinics, Ambulatory
Surgical Centers, Other) Region and Competition, Opportunity, and Forecast,
2018-2028”, has evaluated the future growth potential of United States Magnetic
Resonance Imaging Coils Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in United States Magnetic
Resonance Imaging Coils Market.
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