Major Players of Magnetic Resonance Imaging Coil Market are Esaote Spa, GE Healthcare, Koninklijke Philips NV, Siemens Healthcare Private Limited, MR Instruments Inc, RAPID MR International LLC, ScanMed, Canon Medical Systems Corporation, Hologic Inc, Bruker, IMRIS, Monteris, MEDSPIRA, Hitachi Ltd.
New York, Oct. 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Magnetic Resonance Imaging Coils Global Market Report 2022” – https://www.reportlinker.com/p06325423/?utm_source=GNW
The global Magnetic Resonance Imaging Coil market is expected to grow from $9.83 billion in 2021 to $10.70 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The Magnetic Resonance Imaging Coil Market is expected to reach USD 14.00 Billion by 2026 growing at a CAGR of 6.9%.
The Magnetic Resonance Imaging Coil market includes sales of MRI coils by entities (organizations, independent traders, and partnerships) that are used as hardware components to increase the performance of magnetic resonance imaging systems for the imaging of various medical conditions or injuries. MRI or Magnetic Resonance Imaging is a noninvasive imaging technology that uses magnetic fields, radio waves, and a computer to create detailed anatomical images of the human body.
A coil is an essential component of an MRI machine and helps capture high-end images of specific parts of the body. The MRI consists of several 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.
The main types of magnetic resonance imaging coils are radio frequency coils and gradient coils. Radio frequency coils are used to excite the aligned magnetic spins and receive an RF signal back from the sample.
The radio frequency coil is an essential hardware component of an MRI system. These coils are antennas for the MRI system, which serve two purposes, distributing power to the magnetization (Tx-Coil) and receiving the signal generated by the excited spins (Rx-Coil).
The various applications of magnetic resonance imaging coils include neurology, cardiovascular, spinal and musculoskeletal, pediatric, breast, abdominal and other applications which are suitable for hospitals, diagnostic imaging centers and other end users .
North America was the largest region in the Magnetic Resonance Imaging Coil market in 2020. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in Magnetic Resonance Imaging Coils market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Magnetic Resonance Imaging Coil Market research report is one of a series of new reports that provide statistics on the Magnetic Resonance Imaging Coil market, including global magnetic resonance imaging coil market size. Magnetic Resonance Imaging Coils Industry, Regional Shares, Competitors with Magnetic Resonance Imaging Coils Market Share, Detailed Magnetic Resonance Imaging Coils Market Segments, Trends and Opportunities market, along with any other data you may require to thrive in the Magnetic Resonance Imaging Coil industry. This Magnetic Resonance Imaging Coils Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The increasing prevalence of chronic diseases is expected to propel the growth of the magnetic resonance imaging coil market. Chronic diseases are conditions that last 1 year or more and require ongoing medical care and restrict activities of daily living.
Diseases such as heart disease and cancer are prominent chronic diseases where MRI plays an important role in diagnosing a disease and monitoring the body’s response to treatment. The MRI coil receives the radio frequency signal from the patient’s body and transmits the data to a computer which generates images.
For example, according to the World Health Organization (WHO), cardiovascular diseases are estimated to account for 32% of all deaths worldwide and the prevalence of chronic diseases is expected to increase by 57% in 2020. As a result, the increase chronic diseases will be monitored by MRI machines more frequently.
Hence, the growing prevalence of chronic diseases is expected to drive the demand for magnetic resonance imaging coils over the forecast period.
Technological advancements are the key trend gaining popularity in the magnetic resonance imaging market. Major companies operating in the market are introducing technological innovations such as the use of artificial intelligence (AI) coil in magnetic resonance imaging machines to ensure high resolution image quality and image reconstruction for maintain their position in the market.
For example, in November 2021, Koninklijke Philips NV, a multinational medical equipment and home appliance company based in the Netherlands, launched AI-based innovations in MR imaging, including the Philips MR 5300 systems. and 7700 to accelerate the speed of MR exams, streamline workflows, improve diagnostic quality, and ensure the efficiency and sustainability of radiology operations.
In December 2021, GE Healthcare, a US-based company that provides diagnostics, treatment and monitoring through smart devices, acquired BK Medical for an undisclosed amount. With this acquisition, GE Healthcare expands its pre- and postoperative ultrasound capabilities to include a rapidly growing and relatively new area of real-time surgical visualization, creating an end-to-end offering across the continuum of care, from diagnosis to treatment and beyond.
BK Medical will be able to reach new customers and markets around the world through significant synergies and the benefit of GE’s technology and business scale. BK Medical, a US-based company, combines the best visualization and guidance software available in a single system that simultaneously displays real-time MRI and ultrasound.
Countries covered in the Magnetic Resonance Imaging Coils market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom and the United States.
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