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PUBLISHER: Grand View Research | PRODUCT CODE: 1376014
PUBLISHER: Grand View Research | PRODUCT CODE: 1376014
U.S. Magnetic Resonance Imaging Coils Market Size, Share & Trends Analysis Report By Product (Radiofrequency Coil, Gradient Coil), By Application (Neurology, Pediatric), By End-use (ASCs, Hospitals), And Segment Forecasts, 2024 - 2030
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U.S. Magnetic Resonance Imaging Coils Market Growth & Trends:
The U.S. magnetic resonance imaging coils market size is expected to reach USD 1.60 billion by 2030, expanding at a CAGR of 8.76% from 2024 to 2030, based on a new report by Grand View Research, Inc.. The market growth can be attributed to the rising burden of chronic disorders, such as cancer and cardiovascular disorders, in the U.S. For instance, according to the Heart Failure Society of America (HFSA), in the U.S., heart failure has become more prevalent. According to current estimates, heart failure affects about 6.5 million Americans over the age of 20. According to a study, 960,000 new cases of heart failure occur each year. Approximately 8.5% of all heart disease deaths in the U.S. are directly attributable to heart failure.
According to some estimates, heart failure is responsible for 36% of deaths from cardiovascular disease. High healthcare expenditures and a rising focus on healthcare infrastructure & government initiatives in the U.S. are driving the growth of the market. Health spending in the U.S. is projected to climb from USD 4.4 trillion, or USD 13,413 per person, in 2022 to USD 7.2 trillion, or USD 20,425 per person, by 2031. In addition, the federal government is also proactively initiating schemes and policies to make healthcare affordable and accessible to everyone. These initiatives include Medicare and Medicaid innovations, changes to the Affordable Care Act in 2020, and cost control initiatives to address high healthcare prices.
This leads to a preference for early disease diagnosis, which is expected to boost the market growth over the forecast period. Several market players are undertaking various initiatives, such as expansion, to strengthen their industry positions. These strategies enable companies to increase their capabilities, improve their competencies, and expand their product portfolios. For instance, in November 2022, Canon Inc. announced the establishment of a new subsidiary named Canon Healthcare USA, Inc., to accelerate its medical business. This initiative is expected to help drive the overall market growth.
U.S. Magnetic Resonance Imaging Coils Market Report Highlights:
- In 2023, the radiofrequency coils segment dominated the market due to the growing use of radiofrequency coils in MRIs for the treatment of disease
- In 2023, the neurology segment captured the largest market share. This can be attributed to increased awareness about the importance of advanced magnetic resonance imaging (MRI) coils in diagnosing and treating neurological disorders
- In 2023, the hospitals end-use segment captured the highest share of the overall revenue due to increased hospital admissions related to chronic diseases, such as cancer, cardiovascular disease, and neurological disease
- Market players adopt this strategy to increase the reach of their products in the market and improve availability in diverse geographic areas
Product Code: GVR-4-68040-144-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Product
- 1.1.2. Application
- 1.1.3. End-use
- 1.1.4. Estimates and forecast timeline.
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database.
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.3.5.1. Data for primary interviews in North America
- 1.3.5.2. Data for primary interviews in Europe
- 1.3.5.3. Data for primary interviews in Asia Pacific
- 1.3.5.4. Data for primary interviews in Latin America
- 1.3.5.5. Data for Primary interviews in MEA
- 1.4. Information or Data Analysis
- 1.4.1. Data analysis models
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.6.1. Commodity flow analysis (Model 1)
- 1.6.1.1. Approach 1: Commodity flow approach
- 1.6.2. Volume price analysis (Model 2)
- 1.6.2.1. Approach 2: Volume price analysis
- 1.6.1. Commodity flow analysis (Model 1)
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
- 1.9.1. Objective 1
- 1.9.2. Objective 2
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Modality outlook
- 2.2.2. Type outlook
- 2.2.3. Application outlook
- 2.2.4. End-use outlook
- 2.2.5. Regional outlook
- 2.3. Competitive Insights
Chapter 3. U.S. Magnetic Resonance Imaging (MRI) Coils Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Increasing prevalence of chronic diseases
- 3.2.1.2. Increase in post-pandemic use of cardiac MRI
- 3.2.1.3. Technological advancement
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. High cost of device
- 3.2.2.2. Shortage of trained MRI technicians/technologists
- 3.2.1. Market Driver Analysis
- 3.3. U.S. Magnetic Resonance Imaging (MRI) Coils Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
- 3.3.3. Covid-19 Impact Analysis
- 3.3.1. Industry Analysis - Porter's
Chapter 4. U.S. Magnetic Resonance Imaging (MRI) Coils Market: Product Estimates & Trend Analysis
- 4.1. Product Market Share, 2018 & 2030
- 4.2. Segment Dashboard
- 4.3. U.S. Magnetic Resonance Imaging (MRI) Coils Market by Product Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2023 to 2030 for the following
- 4.4.1. Radiofrequency Coil
- 4.4.1.1. Radiofrequency coil market estimates and forecast 2018 to 2030 (USD Million)
- 4.4.2. Gradient Coil
- 4.4.2.1. Gradient coil market estimates and forecast 2018 to 2030 (USD Million)
- 4.4.1. Radiofrequency Coil
Chapter 5. U.S. Magnetic Resonance Imaging (MRI) Coils Market: Application Estimates & Trend Analysis
- 5.1. Application Market Share, 2018 & 2030
- 5.2. Segment Dashboard
- 5.3. U.S. Magnetic Resonance Imaging (MRI) Coils Market by Application Outlook
- 5.4. Market Size & Forecasts and Trend Analyses, 2023 to 2030 for the following
- 5.4.1. Neurology
- 5.4.1.1. Neurology market estimates and forecast 2018 to 2030 (USD Million)
- 5.4.2. Cardiovascular
- 5.4.2.1. Cardiovascular market estimates and forecast 2018 to 2030 (USD Million)
- 5.4.3. Spine & Musculoskeletal
- 5.4.3.1. Spine & Musculoskeletal market estimates and forecast 2018 to 2030 (USD Million)
- 5.4.4. Pediatric
- 5.4.4.1. Pediatric market estimates and forecast 2018 to 2030 (USD Million)
- 5.4.5. Breast
- 5.4.5.1. Breast market estimates and forecast 2018 to 2030 (USD Million)
- 5.4.6. Abdominal
- 5.4.6.1. Abdominal market estimates and forecast 2018 to 2030 (USD Million)
- 5.4.7. Others
- 5.4.7.1. Others market estimates and forecast 2018 to 2030 (USD Million)
- 5.4.1. Neurology
Chapter 6. U.S. Magnetic Resonance Imaging (MRI) Coils Market: End-use Estimates & Trend Analysis
- 6.1. End-use Market Share, 2018 & 2030
- 6.2. Segment Dashboard
- 6.3. U.S. Magnetic Resonance Imaging (MRI) Coils Market by End-use Outlook
- 6.4. Market Size & Forecasts and Trend Analyses, 2023 to 2030 for the following
- 6.4.1. Hospitals
- 6.4.1.1. Hospitals market estimates and forecast 2018 to 2030 (USD Million)
- 6.4.2. Diagnostic Imaging Centers
- 6.4.2.1. Diagnostic imaging centers market estimates and forecast 2018 to 2030 (USD Million)
- 6.4.3. Ambulatory Surgical Centers
- 6.4.3.1. Ambulatory surgical centers market estimates and forecast 2018 to 2030 (USD Million)
- 6.4.4. Others
- 6.4.4.1. Others market estimates and forecast 2018 to 2030 (USD Million)
- 6.4.1. Hospitals
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company/Competition Categorization
- 7.2.1. Innovators
- 7.3. Vendor Landscape
- 7.3.1. List of key distributors and channel partners
- 7.3.2. Key customers
- 7.3.3. Key company market share analysis, 2022
- 7.3.4. GE Healthcare
- 7.3.4.1. Company overview
- 7.3.4.2. Financial performance
- 7.3.4.3. Product benchmarking
- 7.3.4.4. Strategic initiatives
- 7.3.5. Koninklijke Philips N.V.
- 7.3.5.1. Company overview
- 7.3.5.2. Financial performance
- 7.3.5.3. Product benchmarking
- 7.3.5.4. Strategic initiatives
- 7.3.6. Canon Medical Systems Corporation
- 7.3.6.1. Company overview
- 7.3.6.2. Financial performance
- 7.3.6.3. Product benchmarking
- 7.3.6.4. Strategic initiatives
- 7.3.7. ESAOTE SPA.
- 7.3.7.1. Company overview
- 7.3.7.2. Financial performance
- 7.3.7.3. Product benchmarking
- 7.3.7.4. Strategic initiatives
- 7.3.8. MR Instruments, Inc.
- 7.3.8.1. Company overview
- 7.3.8.2. Financial performance
- 7.3.8.3. Product benchmarking
- 7.3.8.4. Strategic initiatives
- 7.3.9. RAPID MR INTERNATIONAL, LLC.
- 7.3.9.1. Company overview
- 7.3.9.2. Financial performance
- 7.3.9.3. Product benchmarking
- 7.3.9.4. Strategic initiatives
- 7.3.10. SCANMED, LLC.
- 7.3.10.1. Company overview
- 7.3.10.2. Financial performance
- 7.3.10.3. Product benchmarking
- 7.3.10.4. Strategic initiatives
- 7.3.11. BRUKER.
- 7.3.11.1. Company overview
- 7.3.11.2. Financial performance
- 7.3.11.3. Product benchmarking
- 7.3.11.4. Strategic initiatives
Product Code: GVR-4-68040-144-6
List of Tables
- Table 1. List of regulatory bodies for different countries
- Table 2. Key companies' product launches
- Table 3. Key companies' merger and acquisitions
- Table 4. Key companies' collaboration
- Table 5. Other strategic initiatives of companies
- Table 6. U.S. magnetic resonance imaging (MRI) coils market, by product, 2018 - 2030 (USD Million)
- Table 7. U.S. magnetic resonance imaging (MRI) coils market, by application, 2018 - 2030 (USD Million)
- Table 8. U.S. magnetic resonance imaging (MRI) coils market, by end-use, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 U.S magnetic resonance imaging (MRI) coils market segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement process
- Fig. 4 Primary research pattern
- Fig. 5 US magnetic resonance imaging (MRI) coils market snapshot, 2022 (USD Million)
- Fig. 6 Segment snapshot, USD Million
- Fig. 7 Competitive landscape snapshot
- Fig. 8 Penetration & growth prospect mapping, by product
- Fig. 9 Market driver analysis (Current & future impact)
- Fig. 10 Market restraint analysis (Current & future impact)
- Fig. 11 US magnetic resonance imaging (MRI) coils market, product outlook key takeaways (USD Million)
- Fig. 12 US magnetic resonance imaging (MRI) coils market: Product movement analysis (USD Million), 2022 & 2030
- Fig. 13 Radiofrequency coil market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 14 Gradient coil market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 15 US magnetic resonance imaging (MRI) coils market, application outlook key takeaways (USD Million)
- Fig. 16 US magnetic resonance imaging (MRI) coils market: Application movement analysis (USD Million), 2022 & 2030
- Fig. 17 Neurology market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 18 Cardiovascular market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 19 Spine and musculoskeletal market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 20 Pediatric market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 21 Breast market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 22 Abdominal market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 23 Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 24 US magnetic resonance imaging (MRI) coils market, end-use outlook key takeaways (USD Million)
- Fig. 25 US magnetic resonance imaging (MRI) coils market: End-use movement analysis (USD Million), 2022 & 2030
- Fig. 26 Hospitals market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 27 Diagnostic imaging centers market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 28 Ambulatory surgical centers market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 29 Others market revenue estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 30 List of key emerging company's/technology disruptors/innovators
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